DDIndia Business: Economic Headlines & Updates

Business

October 18, 2024 9:02 PM

GoM to propose lower GST on insurance premiums and adjust tax slabs

The Group of Ministers (GoM) set up to suggest changes in GST rates will meet on Saturday, October 19, to discuss the rationalization of taxes, particularly on health and life insurance premiums. The meeting will also explore proposals to modify exis...

October 18, 2024 3:40 PM

PM Modi set to attend BRICS summit in Kazan, Russia next week

Prime Minister Narendra Modi will visit Russia from October 22-23 to attend the 16th BRICS Summit in Kazan, following an invitation from Russian President Vladimir Putin. The summit, held under Russia's chairmanship, aims to address pressing global ...

October 18, 2024 3:22 PM

China’s Q3 GDP hits weakest pace since early 2023, backs calls for more stimulus

China's economy grew at the slowest pace since early 2023 in the third quarter, and though consumption and factory output figures beat forecasts last month a tumbling property sector remains a major challenge for Beijing as it races to revitalise gro...

October 18, 2024 11:12 AM

Sensex, Nifty open lower as foreign outflows persist

India’s benchmark indices declined for the fourth consecutive session on Friday, weighed down by continued selling from foreign institutional investors (FIIs). The Nifty fell 0.34%, or 84 points, to 24,664.95, while the BSE Sensex dropped 257 poin...

October 18, 2024 9:19 AM

Mexico: Finance Minister Sitharaman chairs Tech Leaders Roundtable in Guadalajara

Union Finance Minister Nirmala Sitharaman chaired Tech Leaders Roundtable at the Chamber of Commerce in Mexico's Guadalajara and held discussions on 'Strengthening Technological Cooperation between India and Mexico.' The roundtable on Thursday was o...

October 17, 2024 5:16 PM

Sensex, Nifty slips amid weak global sentiments and geopolitical tensions

India's stock market closed lower on Thursday, with major indices witnessing sharp declines due to weak global sentiment and concerns over India's economic outlook. The BSE Sensex dropped 494.75 points, or 0.61%, to settle at 81,006.61, while the NSE...

October 17, 2024 2:45 PM

Hyundai Motor India’s record $3.3 billion IPO fully subscribed on final day of bidding

A $3.3-billion initial public offering by Hyundai Motor India was fully subscribed on the final day of bidding on Thursday, with domestic banks and mutual funds buying into the country's first automaker to go public in two decades. As companies rush...

October 17, 2024 10:29 AM

Nifty, Sensex open flat; experts anticipate Diwali festivities to boost markets

Indian stock markets opened on a flat note Thursday, as the ongoing tug-of-war between Foreign Institutional Investors (FIIs) selling and Domestic Institutional Investors (DIIs) buying continued to influence trends. The Nifty 50 index began the s...

October 16, 2024 8:05 PM

Samsung workers decide to call off strike after thirty-eight days

After 38 days of intense protests, workers at Samsung Electronics have decided to end their strike and return to work. The breakthrough came following a series of conciliation talks between the Tamil Nadu government, union leaders, and company manage...

October 16, 2024 6:05 PM

EAM Jaishankar signs eight key documents at SCO council of heads of government meeting

External Affairs Minister (EAM) S. Jaishankar signed eight significant outcome documents at the 23rd Shanghai Cooperation Organisation (SCO) Council of Heads of Government meeting in Islamabad, underscoring India’s active role and contributions to ...