DDIndia Business: Economic Headlines & Updates

Business

September 27, 2024 4:26 PM

Govt may save over Rs 60,000 crore on crude imports this fiscal: experts

The Indian government could potentially save up to Rs 60,000 crore on crude oil imports this fiscal year due to a decline in global crude prices, according to experts. The international market has seen a softening of crude prices, offering India an o...

September 27, 2024 4:20 PM

Solid domestic demand growth to continue in India for next two years: OECD

Economic growth in G20 emerging markets, including India, is expected to remain steady, according to the latest report from the Organisation for Economic Co-operation and Development (OECD). The Paris-based research body highlighted that domesti...

September 27, 2024 3:10 PM

China launches late stimulus push to meet 2024 growth target

China's central bank on Friday lowered interest rates and injected liquidity into the banking system as Beijing assembled a last-ditch stimulus assault to pull economic growth back towards this year's roughly 5% target. More fiscal measures are expe...

September 27, 2024 1:28 PM

Railway Minister Ashwini Vaishnaw announces 12,500 coaches for festive season

Railway Minister Ashwini Vaishnaw on Friday announced the addition of coaches and special trains across the country for Chhath Puja and Diwali, aiming to make travel easier for passengers. “This festive season, we have increased general coaches in...

September 27, 2024 1:15 PM

Govt to issue Rs 20,000 cr ‘Sovereign Green Bonds’ in four tranches this fiscal

The central government has announced plans to collect ₹20,000 crore through the issuance of 'Sovereign Green Bonds' in the second half of the financial year 2024-25 (October-March), Finance Ministry said in a press release. The government aims to ...

September 27, 2024 12:36 PM

Pakistan wins more financing assurances from China, UAE, Saudi IMF official says

Pakistan has received "significant financing assurances" from China, Saudi Arabia and the United Arab Emirates linked to a new International Monetary Fund program that go beyond a deal to roll over $12 billion in bilateral loans owed to them by Islam...

September 27, 2024 8:34 AM

PM Modi meets leadership team of Tata Sons, PSMC; discusses semiconductor manufacturing projects

Prime Minister Narendra Modi on Thursday met with the leadership team of Tata Sons and Taiwan-based Powerchip Semiconductor Manufacturing Corporation (PSMC). The discussion focused on updates regarding semiconductor manufacturing projects in India. P...

September 26, 2024 6:28 PM

Private investment cycle strengthens as FDI inflows surge: Finance Ministry Report

The latest monthly economic review from the Ministry of Finance highlights a strengthening private investment cycle in India. In the April-June quarter, overall investment grew by 7.5 percent, reflecting increased private sector participation. Forei...

September 26, 2024 5:45 PM

Nepal eyes green energy trade to reduce trade deficit with India

At the 30th annual general meeting of the Nepal-India Chamber of Commerce and Industry (NICCI), Nepal’s Minister of Energy and Water Resources, Deepak Khadka, discussed the country’s plan to reduce its trade deficit with India by boosting green e...

September 26, 2024 5:12 PM

Sensex, Nifty hit record highs for sixth consecutive session

India's benchmark indices continued their upward momentum, with both the Sensex and Nifty reaching record highs for the sixth consecutive session on Thursday, driven by gains in auto and banking stocks. The Sensex surged 666.25 points, or 0.78 perce...