DDIndia Business: Economic Headlines & Updates

Business

October 14, 2024 3:28 PM

Heavy reliance on AI could lead to concentration risks in the financial sector: RBI Governor

The Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday cautioned that heavy reliance on artificial intelligence (AI) could lead to concentration risks in the financial sector. Speaking at the 90th High-Level Conference organized by the R...

October 14, 2024 11:22 AM

5G to inject USD 450 billion into Indian economy by 2040: Telecom Minister Scindia

Union Minister of Communications Jyotiraditya Scindia said on Monday that the adoption of 5G technology in India is expected to contribute an estimated $450 billion to the country’s economy by 2040. Speaking at the Global Standards Symposium, one ...

October 14, 2024 10:03 AM

Sensex, Nifty open higher as geopolitical risks ease

India’s benchmark indices gained in early trade on Monday. The Nifty rose 59.20 points, or 0.24% percent, to open at 25,023, while the BSE Sensex added 195 points, or 0.24%, starting at 81,576.93. Market analysts said that the impact of China's st...

October 13, 2024 4:28 PM

India unleashes major defence orders in September’24; paving way for military modernization, space exploration

The month of September 2024 witnessed a series of significant defence procurement and development initiatives by the Government of India (GoI), aimed at bolstering the country's military capabilities and enhancing its strategic position in the global...

October 12, 2024 2:49 PM

Global Biofuel Alliance signs agreement to set up its secretariat in India: MEA

In a significant move, India signed the Host Country Agreement (HCA) with the Global Biofuels Alliance (GBA) to officially establish the Alliance's Secretariat in India. According to a statement of Ministry of External Affairs on Friday, th...

October 11, 2024 3:38 PM

Noel Tata appointed chairman of Tata Trusts after Ratan Tata’s demise

Noel Tata has been appointed as the chairman of Tata Trusts, succeeding his half-brother, Ratan Tata, who led the Tata Group for decades and served as Chairman of Tata Trusts until his passing. Ratan Tata passed away on the evening of October 9, leav...

October 11, 2024 11:50 AM

Turkey imposes anti-dumping duties on steel imports from China, Russia, India, Japan

Turkey has imposed anti-dumping duties on some steel imports from China, Russia, India and Japan, according to a decision published in the Official Gazette on Friday, with the highest tariffs on Chinese imports. The duties imposed will range between...

October 11, 2024 11:04 AM

Stock market opens flat, experts predict continued volatility in the short term

Stock market opens flat, experts predict continued volatility in the short term The stock market opened flat on Friday, with both the Sensex and Nifty experiencing declines during the initial trading session. The Sensex started the day down 185.20 p...

October 11, 2024 10:03 AM

Tesla CEO Musk unveils ‘Cybercab’ robotaxi as focus shifts to automation

Elon Musk showcased a robotaxi with two gull-wing doors and no steering wheel or pedals at a splashy event on Thursday and added a robovan to the roster as Tesla's goal shifts from low-priced mass-market automaker to robotics manufacturer. Musk reac...

October 10, 2024 5:00 PM

Who are buy now, pay later borrowers, and what are they buying?

As Amazon's Prime Day kicked off the holiday shopping season this week, U.S. consumers are expected to spend a record $18.5 billion using buy now, pay later for purchases in the last quarter of the year, according to projections by data firm Adobe An...