DDIndia Business: Economic Headlines & Updates

Business

November 9, 2024 5:13 PM

Indian startups raise over $138 million this week

The Indian startup ecosystem raised over $138 million this week, encompassing three growth-stage fundings and 20 early-stage deals. At least 25 domestic startups raised a combined $138.7 million in funding, with fintech and deeptech startups leading...

November 9, 2024 2:57 PM

Apple plans 1st-ever research subsidiary in India amid diversification push

Strengthening its presence in India as part of a diversification effort away from China, Apple has established a new research and development (R&D) subsidiary in the country. The R&D facility will reportedly focus on research, design, testin...

November 9, 2024 1:51 PM

India’s smartphone market estimated to grow 7-8 per cent this year

India’s smartphone market is expected to grow by 7-8 per cent this year, driven by strong demand for premium, 5G, and AI smartphones, according to a new report. The overall mobile handset market in India is anticipated to maintain steady growth. ...

November 9, 2024 10:49 AM

China unveils $1.4 trln local debt package but no direct stimulus

China unveiled a 10 trillion yuan ($1.40 trillion) debt package on Friday to ease local government financing strains and stabilise flagging economic growth, as it faces fresh pressure from the re-election of Donald Trump as U.S. president. The measu...

November 8, 2024 9:52 PM

Trump juniors to visit India in early 2025 for launch of ‘Trump Tower’ projects

Kalpesh Mehta, founder of Tribeca Developers, announced on Friday that Donald Trump Jr. and Eric Trump will visit India in early 2025 to launch a series of iconic 'Trump Tower' projects. The launches are slated to take place between March and June o...

November 8, 2024 5:33 PM

China unveils $1.4 trillion local debt package but no direct stimulus

November 8, 2024 5:22 PM

Dubai Design Week 2024 solidifies its role as a platform for sustainable design and global collaboration

The 10th edition of Dubai Design Week has reaffirmed its position as the most important platform for sustainable design, global collaboration, and creative expression in the region. The event, currently underway at Dubai Design District, showcases ov...

November 8, 2024 5:02 PM

Sensex, Nifty end week in red as FII outflows continue; rupee hits record low

Indian stock markets closed lower on Friday, capping a week marked by sustained selling from foreign institutional investors (FIIs). The BSE Sensex declined by 55.47 points (0.07%) to settle at 79,486.322, while the Nifty 50 declined 51.15 points (0....

November 8, 2024 3:51 PM

EAM Jaishankar meets Singapore foreign minister, strengthens India-Singapore strategic ties

India's External Affairs Minister, S. Jaishankar, arrived in Singapore on Friday and held discussions with Singapore’s Foreign Minister, Vivian Balakrishnan, to review the progress of the Comprehensive Strategic Partnership between the two nations....

November 8, 2024 3:05 PM

India’s purchase of Russian oil helped avert global price surge: Petroleum Minister Hardeep Singh Puri

India's decision to buy Russian oil during a period of global economic uncertainty prevented a steep rise in international oil prices, said Union Petroleum and Natural Gas Minister Hardeep Singh Puri. Speaking at the Abu Dhabi International Petroleu...