DDIndia Business: Economic Headlines & Updates

Business

October 16, 2024 5:20 PM

India’s exports rise by 4.86% in first half of FY25, but trade deficit grows sharply

India's overall exports, including merchandise and services, witnessed a 4.86% year-on-year increase in the first half of FY25, reaching $393.22 billion for the April-September period, according to data released by the Commerce Ministry on Wednesday....

October 16, 2024 5:08 PM

Sensex, Nifty close lower amid selling pressure, foreign outflows

India's benchmark indices fell on Wednesday, weighed down by selling pressure and foreign outflows. The BSE Sensex dropped 318 points to close at 81,501.36, while the Nifty declined by 86 points, ending at 24,971.30. Among the top gainers in the Nif...

October 16, 2024 4:50 PM

Govt seeks reports on series of bomb hoax calls to airlines

The Ministry of Home Affairs (MHA) on Wednesday sought a report from the Ministry of Civil Aviation (MoCA) regarding a series of bomb threats made against various airlines across the country. In the last 48 hours, at least 13 bomb threats have been ...

October 16, 2024 4:34 PM

Cabinet approves 3% hike in DA for govt employees

The Union Cabinet, chaired by Prime Minister Narendra Modi, approved a 3% increase in Dearness Allowance (DA) for central government employees on Wednesday. The hike, which takes effect from July 1, 2024, also extends to pensioners, with Dearness Rel...

October 16, 2024 4:17 PM

EU AI Act checker reveals Big Tech’s compliance pitfalls

Some of the most prominent artificial intelligence models are falling short of European regulations in key areas such as cybersecurity resilience and discriminatory output, according to a report by Reuters. The EU had long debated new AI regulations...

October 16, 2024 12:38 PM

Paris Motor Show kicks off with Chinese EV brands showcasing latest models

The 2024 Paris Motor Show kicked off on Monday in Paris, which is expected to attract 500,000 visitors over its seven-day run. Nine Chinese electric vehicle (EV) manufacturers are showcasing their latest models at the show, as they seek to expand th...

October 16, 2024 10:14 AM

Sensex, Nifty decline on foreign outflows, domestic investors provide support

India’s benchmark indices opened lower on Wednesday as continued selling pressure from foreign institutional investors (FIIs) weighed on the market. The Nifty 50 fell by 48.80 points, or 0.19%, to 25,008.55, while the Sensex dropped 173 points, or...

October 15, 2024 9:54 PM

EAM Jaishankar ‘warmly received’ at Nur Khan Airbase: Pak Ministry of Foreign Affairs

External Affairs Minister S. Jaishankar arrived in Islamabad on Tuesday to participate in the 23rd meeting of the Council of Heads of Government (CHG) of the Shanghai Cooperation Organization (SCO), according to a statement by Pakistan’s Ministry o...

October 15, 2024 9:13 PM

Bangladesh GDP growth to decelerate to 4% in FY25: World Bank

Bangladesh's recovery from the COVID-19 pandemic continues to be impacted by high inflation, a balance of payments deficit, financial sector vulnerabilities, and increasingly limited job opportunities for its youth—particularly women and educated y...

October 15, 2024 7:52 PM

Boeing factory workers to rally in Seattle as strike enters second month

Boeing factory workers will hold a large rally in Seattle on Tuesday to demand a better wage deal, mounting pressure on new CEO Kelly Ortberg to end a bitter strike that has plunged the troubled planemaker further into financial crisis. Around 33,00...