DDIndia Business: Economic Headlines & Updates

Business

September 18, 2024 9:53 PM

Union Cabinet approves Rs. 9,197 crore Bio-RIDE scheme to boost India’s biotechnology sector

The Union Cabinet on Wednesday approved the continuation of two umbrella schemes under the Department of Biotechnology (DBT), merging them into a unified initiative known as the Biotechnology Research Innovation and Entrepreneurship Development (Bio-...

September 18, 2024 3:55 PM

Tupperware files for bankruptcy as its colorful containers lose relevance

Tupperware Brands Corp and some of its subsidiaries filed for Chapter 11 bankruptcy protection on Tuesday, giving in to dwindling demand for its once-iconic food storage containers and mounting financial losses. The company's struggles resumed after...

September 18, 2024 1:27 PM

With Fed’s rate cut at hand, debate swirls over how big a move

The Federal Reserve on Wednesday almost certainly will lower interest rates for the first time in more than four years as the U.S. central bank starts to reverse the restrictive conditions it imposed to beat back inflation, but whether policymakers o...

September 18, 2024 11:04 AM

Meta faces hefty EU antitrust fine over classified ads practices: report

Meta Platforms Inc. is facing a hefty fine in the EU over its alleged efforts to dominate the classified advertising market, the Financial Times reported on Wednesday, citing people familiar with the matter. EU regulators will claim Facebook's paren...

September 18, 2024 9:05 AM

India and US agree to explore ways to strengthen cooperation across energy value chain

Union Minister of Petroleum and Natural Gas Hardeep Singh Puri held a meeting with US Assistant Secretary of State for Energy Resources Geoffery Pyatt on the sidelines of GasTech 2024 in Houston. The two leaders reviewed the existing energy cooperati...

September 17, 2024 9:23 PM

Talks for India-EU free trade agreement to be held next week in Delhi

The next round of negotiations for the India-EU Free Trade Agreement (FTA) is scheduled to take place in the national capital from September 23 to 27, Commerce Secretary Sunil Barthwal announced on Tuesday. During this round of talks, both sides wil...

September 17, 2024 9:15 PM

Indian shares register marginal rise with focus now on US Fed action

Stock indices in India closed Tuesday's trading marginally up after having touched fresh highs during the session, but remained largely muted ahead of the crucial US Federal Reserve monetary policy meeting. Sensex closed at 83,079.66 points, up 90.8...

September 17, 2024 3:41 PM

Rajasthan Hosts Investors’ Meet in Dubai, Prepares for ‘Rising Rajasthan’ Global Summit

In a bid to attract foreign investment, Rajasthan's Industries Minister, Col. Rajyavardhan Singh Rathore, led a high-level delegation to an investors' meet in Dubai today. This event set the stage for the upcoming 'Rising Rajasthan' Global Investment...

September 17, 2024 12:39 PM

Boeing freezes hiring, weighs furloughs as 30,000 workers strike

Boeing is freezing hiring and weighing temporary furloughs to cut costs as a strike by more than 30,000 workers entered its fourth day on Monday. The planemaker and union leadership badly misjudged anger among union members who backed a strike wit...

September 16, 2024 12:15 PM

PM Modi inaugurates 4th Global Renewable Energy Investor’s Meet in Gandhinagar

Prime Minister Narendra Modi inaugurated 4th Global Renewable Energy Investor's Meet (RE-INVEST) 2024 in Gujarat's Gandhinagar district on Monday. Hosted by the Ministry of New and Renewable Energy (MNRE), the three-day conference is anticipated to ...