DDIndia Business: Economic Headlines & Updates

Business

September 5, 2024 10:38 AM

India, Singapore sign MoUs in fields of digital technology, semiconductor

India and Singapore strengthened their ties on Thursday with the exchange of four significant Memorandums of Understanding (MoUs) during Prime Minister Narendra Modi's visit to the island nation. The MoUs cover collaboration in digital technologies, ...

September 5, 2024 10:14 AM

PM Modi calls India-Singapore ministerial roundtable “path-breaking mechanism”

Prime Minister Narendra Modi emphasized the strong partnership between India and Singapore during his official visit to the city-state on Thursday. In a meeting with his Singaporean counterpart Lawrence Wong, PM Modi described Singapore as not just a...

September 5, 2024 9:59 AM

World’s Largest Low-Carbon Hydrogen Facility to Be Built in Texas through ADNOC-ExxonMobil Partnership

The race to lead the global energy transition has taken a significant leap forward with the announcement of a partnership between Abu Dhabi National Oil Company (ADNOC) and ExxonMobil to develop the world’s largest low-carbon hydrogen facility. ...

September 5, 2024 8:47 AM

PM Modi to explore semiconductor innovations in Singapore on 2nd day of his visit

On the second day of his visit to Singapore on Thursday, Prime Minister Narendra Modi is scheduled to tour a cutting-edge semiconductor facility in the city-state alongside his Singaporean counterpart. PM Modi, who reached Singapore on Wednesday, is ...

September 4, 2024 6:25 PM

Global markets – Nvidia sell-off, growth concerns hit markets

Shares fell globally on Wednesday, hit by a drop in tech stocks sparked by a record sell-off for U.S. chipmaker Nvidia and as expectations of fading global growth bruised riskier assets, pushing oil prices to multi-month lows and buoying bonds. Euro...

September 4, 2024 4:59 PM

Sensex, Nifty close lower as global markets stumble

India’s benchmark indices fell on Wednesday, as concerns over a potential slowdown in the U.S. triggered declines in global equities and shares of IT companies. The Sensex dropped 202.80 points, or 0.25%, to settle at 82,352.64, while the Nifty fe...

September 4, 2024 3:57 PM

India allows 8,606 tonne sugar export to US under tariff rate quota

India has approved the export of 8,606 metric tonnes of sugar to the United States under the Tariff Rate Quota (TRQ) scheme for the US fiscal year 2025, according a notification isssued by the Directorate General of Foreign Trade (DGFT). Under the T...

September 4, 2024 4:04 PM

India and Brunei enhance bilateral ties during PM Modi’s historic visit

India and Brunei agreed to deepen cooperation in defence, space, and people-to-people relations during Prime Minister Narendra Modi's visit to the Southeast Asian nation, the first-ever by an Indian prime minister. The visit, which coincided with th...

September 4, 2024 1:57 PM

“We have decided to give Enhanced Partnership status to India-Brunei ties”: PM Modi

Prime Minister Narendra Modi announced the elevation of India-Brunei relations to an "Enhanced Partnership" status during his first-ever bilateral visit to the Southeast Asian nation. Speaking at a banquet hosted by Brunei's Sultan Haji Hassanal Bol...

September 4, 2024 12:43 PM

Credit card market in India to double by 2028-29: Pwc

The number of credit cards in India is expected to reach 200 million with a Compound Annual Growth Rate (CAGR) of 15 per cent, highlighted a report by PwC. The report stated that the credit card industry has experienced significant expansion, doub...