DDIndia Business: Economic Headlines & Updates

Business

April 21, 2025 3:41 PM

Gold hits record ₹96,805, may soon cross ₹1 lakh

Gold prices in India hit a new all-time high of ₹96,805 per 10 grams on Monday on the Multi Commodity Exchange (MCX), driven by global trade tensions and a weakening US dollar. By 1:30 PM, the MCX Gold June 5 contract was trading 1.65% higher ...

April 21, 2025 2:45 PM

Single family offices in Asia-Pacific to reach 3,200 by 2030, India a bright spot

In the Asia Pacific region, single-family offices have grown to 2,290 (surged by 28 per cent since 2019) and the region is expected to outpace North America moving forward, growing 40 per cent to reach 3,200 offices by 2030, a report showed on Monday...

April 21, 2025 10:46 AM

China warns countries against striking trade deals with US at its expense

China on Monday accused Washington of abusing tariffs and warned countries against striking a broader economic deal with the United States at its expense, ratcheting up its rhetoric in a spiralling trade war between the world's two biggest economies....

April 21, 2025 10:30 AM

Stock market opens higher as hope rises for India-US trade deal

The domestic benchmark indices opened higher on Monday amid positive global cues, as buying was seen in the IT, PSU bank and financial services sectors in the early trade. At around 9.29 am, Sensex was trading 396.06 points or 0.50 per cent up at 78...

April 20, 2025 4:57 PM

Bhutan turns to ‘green’ cryptocurrency to fuel economy

The Himalayan nation of Bhutan is exploring ways to mine and leverage green cryptocurrencies using hydropower to boost its economy and create jobs to reduce brain drain, the chief executive of its sovereign wealth fund said. Green cryptocurrencies a...

April 20, 2025 12:44 PM

India’s forex, money markets have doubled in last 4 years: RBI Governor

India’s financial markets have developed into a dynamic and resilient force to fuel economic growth with an almost doubling of the foreign exchange market from $32 billion in 2020 to $60 billion in 2024 and the average daily volumes in the overnigh...

April 19, 2025 10:27 AM

Global biopharma IPOs surge to $8.52 billion in 2024 amid market rebound

The global biopharmaceutical sector witnessed a sharp rebound in 2024, with initial public offerings (IPOs) rising by 68.4 per cent to reach $8.52 billion, according to a new report by GlobalData. A total of 50 IPOs were completed during the yea...

April 17, 2025 9:09 PM

India’s economic fundamentals strong, growth outlook bright: industry leaders

India’s economic growth story is set to gain further momentum, underpinned by strong fundamentals, robust policymaking, and a skilled workforce, according to top industry leaders. On the sidelines of the 120th anniversary celebrations of the PHD C...

April 17, 2025 4:56 PM

Fitch projects India’s GDP growth at 6.4% for FY26, retains 6.3% for FY27

Fitch Ratings on Thursday revised India’s GDP growth forecast for FY26 to 6.4%, citing global economic uncertainties, while maintaining its projection of 6.3% for FY27. The global ratings agency also lowered its estimates for FY25 and FY26 by 10 b...

April 17, 2025 4:43 PM

Sensex jumps over 1,500 points, Bank Nifty near record high

Indian stock markets closed sharply higher on Thursday, marking the fourth consecutive session of gains, driven by strong buying in banking stocks. The Sensex, which marked its 150th anniversary on April 17, opened slightly lower at 76,968 and dippe...