DDIndia Business: Economic Headlines & Updates

Business

October 3, 2024 11:55 PM

India has been vocal voice of Global South, offering countries like Jamaica pathway to development: PM Andrew Holness

Jamaican Prime Minister Andrew Holness lauded India for being a strong advocate for the Global South, highlighting its role in providing development pathways for countries like Jamaica. During his official visit to India, PM Holness termed the trip a...

October 3, 2024 11:48 PM

“Major step towards Atmanirbharta”: PM Modi after cabinet approves National Mission on Edible Oils–Oilseeds

Prime Minister Narendra Modi praised the Union Cabinet's approval of the National Mission on Edible Oils—Oilseeds (NMEO-Oilseeds), calling it a crucial step towards achieving Atmanirbharta in the production of edible oils. In a post on X, PM Modi ...

October 3, 2024 7:59 PM

OPEC+ could cushion Iran oil shock but not broader disruption

OPEC has enough spare oil capacity to compensate for a full loss of Iranian supply if Israel knocks out that country's facilities but the producer group would struggle if Iran retaliates by hitting installations of its Gulf neighbours. Iran fired hu...

October 3, 2024 5:57 PM

Sensex, Nifty plunge as Middle East tensions escalate

India’s benchmark indices took a sharp hit on Thursday, extending their losses for a fourth consecutive session as investor sentiment was dampened by escalating tensions between Israel and Iran, which threaten to engulf the Middle East in a broader...

October 3, 2024 4:05 PM

Commerce Minister Piyush Goyal engages with business leaders and Indian diaspora during U.S. visit

Union Commerce and Industry Minister Piyush Goyal engaged with key business leaders and members of the Indian diaspora during the second day of his U.S. visit, aiming to strengthen economic ties and encourage investment in India. Goyal met with lead...

October 3, 2024 3:23 PM

RBI unlikely to cut rate as India’s growth is higher than potential output: SBI report

The Reserve Bank of India (RBI) is unlikely to announce any rate cuts in its upcoming monetary policy meeting, according to a report by the State Bank of India (SBI). The report cites India's strong economic growth, potentially exceeding its long-ter...

October 3, 2024 11:44 AM

India to see 9.5% salary hike in 2025, attrition rate slows down: Report

Salaries in India are projected to increase by 9.5 per cent in 2025, compared to an actual increase of 9.3 per cent this year, a report showed on Thursday. The engineering and manufacturing and retail industries project double-digit increases at 10 ...

October 3, 2024 11:18 AM

Nifty, Sensex open with sharp decline, amid geo-political tension and SEBI regulation on F&O

Indian stock markets saw a sharp decline on Thursday, driven by concerns over new SEBI regulations on F&O and rising geopolitical tensions. The Nifty 50 index dropped 1.33%, or 344 points, opening at 25,452.85. Similarly, the BSE Sensex experien...

October 3, 2024 10:51 AM

Piyush Goyal, Gina Raimondo discuss US investment in 20 upcoming industrial cities in India

Commerce Minister Piyush Goyal, currently visiting the United States, on Wednesday met with US Secretary of Commerce Gina Raimondo during the India-US CEO Forum. The meeting focused on enhancing bilateral cooperation and exploring new investment oppo...

October 2, 2024 2:49 PM

Middle East uncertainty after Iran attack makes for tricky trading

Iran's attack on Israel has rekindled the allure of safe havens and oil has surged, but with no clarity yet on how the Middle East might evolve, investors are treading tentatively. Their key question is whether Iran's strike marks an escalation, or ...