DDIndia Business: Economic Headlines & Updates

Business

November 2, 2024 7:49 PM

India’s 7pc+ FY25 growth target relies on robust investment, inflation control: EY report

Optimistic GDP growth projections for FY25 depend on strong government investment and effective inflation control for India to reach over 7 per cent growth, according to Ernst & Young (EY) report. Recent reports indicate a mixed outlook, with ...

November 1, 2024 8:55 PM

India’s October coal production surges to 84.5 million tonnes

India’s coal production reached a total of 84.45 million tonnes in October, a 7.48 percent increase from the 78.57 million tonnes produced in the same month last year, according to the Ministry of Coal. Captive and other entities also demonstrated...

November 1, 2024 5:57 PM

Indonesia bans sales of Google phones days after blocking Apple’s iPhone 16

Indonesia said it has banned sales of smartphones made by Alphabet's Google due to rules requiring the use of locally manufactured components, days after blocking sales of tech giant Apple's iPhone 16 for the same reason. Indonesia blocked sales of ...

GST-Council-to-discuss-industry-demand-of-full-CGST

November 1, 2024 4:43 PM

GST collections in October increase by 9% to Rs 1.87 lakh crore

Goods and Services Tax (GST) collections in October totaled Rs 1.87 lakh crore, reflecting a yearly increase of 8.9 percent, according to data released by the finance ministry on Friday. In October 2023, the total collection amounted to Rs 1.72 lakh ...

November 1, 2024 12:27 PM

Bibek Debroy, economist and PM Modi’s economic council chief, dies at 69

Bibek Debroy, a prominent economist and author who served as the chairman of the Prime Minister’s Economic Advisory Council since 2017, passed away at the age of 69 on Friday. Prime Minister Narendra Modi expressed his condolences on Debroy’s pa...

November 1, 2024 10:19 AM

Commercial LPG cylinder prices hiked by Rs 62, domestic rates unchanged

Oil marketing companies (OMCs) have revised the cost of commercial LPG gas cylinders across the country following Diwali on Friday. The price of the widely used 19 kg commercial LPG cylinder has increased by Rs 62, bringing the new price in Delhi to ...

October 31, 2024 4:55 PM

Indian stocks continue to register losses; Sensex slips over 500 points

Indian stock markets ended on a subdued note Thursday, with indices slipping as foreign portfolio investors (FPIs) intensified their sell-off, and domestic earnings for the July-September quarter fell short of expectations. The Sensex closed down by ...

October 31, 2024 10:26 AM

Nifty and Sensex remain flat amid Mahurat session

Indian markets opened largely flat this Diwali, with no major shifts to mark the festive trading day. During the Mahurat trading session on Friday, both the Nifty and Sensex indices showed minor declines, struggling amid a tug-of-war between bullish ...

October 30, 2024 11:27 PM

“Important thing is how to resolve differences”: Chinese envoy on India-China relations

Chinese Ambassador to India, Xu Feihong, emphasized on Wednesday that while differences between India and China are natural given their proximity, the key lies in managing and resolving these disagreements effectively. Speaking at an event hosted by...

October 30, 2024 6:12 PM

Commerce minister leads high-stakes business discussions in Saudi Arabia, inaugurates Diwali

Commerce Minister of India Piyush Goyal embarked on a comprehensive diplomatic mission in Riyadh on Wednesday, marking significant strides in Indo-Saudi relations through a series of high-level meetings and cultural engagements. The day commenced wi...