DDIndia Business: Economic Headlines & Updates

Business

September 20, 2024 11:06 AM

India’s trade deficit widens in August amid decline in crude oil exports: CRISIL report

India's trade deficit widened in August, primarily due to a decline in oil exports caused by falling crude prices, according to a recent report by CRISIL. The report highlights that the drop in crude oil prices, a key export commodity for India, has ...

September 20, 2024 9:55 AM

Components for pagers used in Lebanon blasts are not from Taiwan, minister says

Components used in thousands of pagers that detonated on Tuesday in Lebanon were not made in Taiwan, Taiwan's economy minister said on Friday. Taiwan-based Gold Apollo said this week it did not manufacture the devices used in the attack, and that th...

September 20, 2024 9:50 AM

Rajasthan Woos Qatari Investors Ahead of Global Summit

Rajasthan's Industry and Commerce Minister, Col. Rajyavardhan Rathore, led an investors' roadshow in Doha, Qatar on Thursday, as part of the international outreach for the upcoming 'Rising Rajasthan' Global Investment Summit 2024. The delegation's v...

September 20, 2024 8:50 AM

India extends USD 50 million budgetary support to Maldives for another year

India has extended budgetary support to the Maldives government in the form of a rollover of the USD 50 million Treasury Bill for another year on the Maldivian government's request, the Indian High Commission in the Maldives announced on Thursday. A...

September 19, 2024 9:53 PM

Despite being leader in digital transactions, cash circulation increasing substantially in India

Despite India being a leader in digital financial transactions, cash currency in circulation has more than doubled over the last eight years. As per Reserve Bank of India (RBI) data, since the demonetization of Rs 1000 and Rs 500 notes in 2016, the c...

September 19, 2024 7:11 PM

7th Edition of Sharjah Investment Forum Concludes, Highlighting UAE-India Economic Ties

The 7th edition of the Sharjah Investment Forum (SIF 2024) wrapped up today, marking the end of two days of intense discussions on "A Futuristic Vision for Smart Economies." The event brought together over 80 distinguished global speakers and feature...

September 19, 2024 2:17 PM

Fed rate cut to boost fund flows to India and emerging markets: experts

The U.S. Federal Reserve’s 50-basis-point rate cut on Wednesday is expected to facilitate increased fund flows to emerging markets, including India, according to experts. A weaker dollar and lower interest rates create favorable conditions for such...

September 19, 2024 10:32 AM

Fed unveils oversized rate cut as it gains ‘greater confidence’ about inflation

The U.S. central bank on Wednesday kicked off an anticipated series of interest rate cuts with a larger-than-usual half-percentage-point reduction that Federal Reserve Chair Jerome Powell said was meant to show policymakers' commitment to sustaining ...

September 19, 2024 12:59 AM

Dollar drops as Fed cuts rates by half a percentage point

The dollar dropped after the Federal Reserve on Wednesday cut interest rates by half a percentage point, citing greater confidence that inflation will continue to recede to the U.S. central bank's 2% annual target. The Fed cut the overnight rate to ...

September 18, 2024 5:50 PM

Sensex, Nifty fall marginally ahead of Fed policy decision

India’s benchmark indices closed flat on Wednesday as investors awaited the US Federal Reserve's policy decision on a potential rate cut. The Nifty slipped 41 points, or 0.16%, ending at 25,377.55, after hitting an intraday high of 25,482.20. Simi...