DDIndia Business: Economic Headlines & Updates

Business

January 27, 2025 5:34 PM

Indian Healthcare Sector Makes Strong Showing at Arab Health 2025

The 50th edition of the Arab Health Exhibition & Congress opened today at the Dubai World Trade Centre, featuring a substantial Indian presence of 361 companies showcasing the nation's pharmaceutical and healthcare capabilities. The event, runnin...

January 27, 2025 4:35 PM

Sensex, Nifty decline over 1% amid global cues, US trade concerns

Indian equity markets fell on Monday, influenced by global trends and uncertainties regarding US trade policies. The BSE Sensex dropped 824 points or 1.08%, closing at 75,366. The NSE Nifty50 declined by 263 points or 1.14% to end at 22,829. On the...

January 27, 2025 4:24 PM

Saudi Arabia allows foreigners to invest in firms with property in Mecca, Medina

Saudi Arabia's market regulator said on Monday it would allow foreign investment in listed companies that own real estate within Islam's two holiest sites of Mecca and Medina, as the Gulf country looks to attract more investment. The move will allow...

January 27, 2025 4:10 PM

Tech drags global shares lower on China’s AI push; dollar dips

European and Asian shares slumped on Monday as investors weighed the implications of Chinese startup DeepSeek's launch of a free open-source artificial intelligence model to rival OpenAI's ChatGPT. Meanwhile, the dollar dipped as broad U.S. import t...

January 27, 2025 1:32 PM

Chinese AI startup DeepSeek overtakes ChatGPT on Apple App Store

Chinese startup DeepSeek's AI Assistant on Monday overtook rival ChatGPT to become the top-rated free application available on Apple's App Store in the United States. Powered by the DeepSeek-V3 model, which its creators say "tops the leaderboard amo...

January 27, 2025 11:31 AM

Investment announcements in India reach Rs 32.01 lakh crore in 9 months this fiscal

The total investment announcements stood at Rs 32.01 lakh crore in the nine months this fiscal (FY25), marking a 39 per cent increase from Rs 23 lakh crore in the same period last fiscal, reflecting a positive investment outlook, the government said ...

January 27, 2025 10:33 AM

Sensex, Nifty fall amid weak Q3 earnings, slump in Asian shares

India’s benchmark indices opened lower on Monday, pressured by disappointing third-quarter corporate earnings and a sharp decline in Asian shares, which weighed heavily on investor sentiment. The Sensex dropped 433 points, or 0.57 percent, to 75,7...

January 26, 2025 1:32 PM

Republic Day 2025: From ‘Lakhpati Didi’ initiative to ‘Evolution of Banking Services’, tableaux highlights India’s progress

A vibrant display of tableaux highlighted India's rich cultural heritage and remarkable progress across various sectors during the 76th Republic Day parade on Sunday. The tableaux, representing diverse states, union territories, and central ministrie...

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...