DDIndia Business: Economic Headlines & Updates

Business

January 26, 2025 11:28 AM

Centre notifies Unified Pension Scheme for government staff

The finance ministry on Saturday notified the operationalization of the Unified Pension Scheme (UPS) as an option under the National Pension System (NPS) for central government employees, effective from April 1. This new scheme will guarantee retirem...

January 25, 2025 3:43 PM

Union Budget: India Inc should match pace and intent of govt, says SBI report

India Inc should match the pace and intent of the central government in terms of visualising for the next 50 years, that has frontloaded building robust infrastructure across physical-technical-social space, ensuring traction among various income gro...

January 25, 2025 3:34 PM

India remains bright spot supported by strong macro fundamentals: Report

India continues to remain the bright spot globally, supported by its strong macro fundamentals and the government should focus on adherence to fiscal prudence and continue the fiscal consolidation path, a new report has suggested. Nominal GDP growth...

January 25, 2025 11:05 AM

WEF 2025: India grabs investment commitments worth over Rs 20 lakh crore

In a clear show of its economic strength amid geo-political uncertainties, India bagged investment commitments worth more than Rs 20 lakh crore at the annual World Economic Forum (WEF) summit in Davos this week. Maharashtra managed to get the bigges...

January 24, 2025 5:08 PM

Large Indian NBFIs poised to outperform amid economic and regulatory challenges: Fitch Ratings

India's large non-bank financial institutions (NBFIs) are better positioned to weather economic and regulatory challenges compared to their smaller counterparts, according to Fitch Ratings. While softer economic conditions, tighter bank funding, and...

January 24, 2025 4:45 PM

Sensex, Nifty record weekly losses amid uncertain outlook

Indian stock markets declined during Friday's session, recording weekly losses across multiple sectors. Data from NSE revealed declines in sectors including auto, media, pharma, PSU banks, realty, healthcare, oil, and gas. The Sensex ended the day a...

January 24, 2025 4:38 PM

NPAs of Indian banks likely to decline by another 0.4 per cent by March: Fitch

The gross non-performing assets (NPAs) ratio of Indian banks may decline by another 0.4 per cent to 2.4 per cent by March 2025 followed by a further 0.2 per cent dip in the next financial year, according to rating agency Fitch. Although the stress i...

January 24, 2025 2:21 PM

Bangladesh grappling with skyrocketing interest payments

Bangladesh's economy is grappling with skyrocketing interest payments, which eat up more than half of government revenue expenses during the first four months of the current fiscal year 2024–25, according to data from the Ministry of Finance of Ban...

January 24, 2025 10:43 AM

Nifty, Sensex open flat amid selling pressure; key global developments in focus

Indian stock markets opened on a subdued note on Friday, facing selling pressure as both benchmark indices started the day in the red. The Nifty 50 index began trading at 23,183.90, down by 21.45 points or 0.09 per cent. Similarly, the BSE Sensex op...

January 23, 2025 10:27 PM

Roadshow conducted in Dubai for Bharat Calling Conference

The IMC Chamber of Commerce and Industry conducted an International roadshow in Dubai on January 23rd, previewing the upcoming Bharat Calling Conference scheduled for February 27th, 2025, at Mumbai's Jio World Convention Centre. With an expected att...

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