DDIndia Business: Economic Headlines & Updates

Business

September 4, 2024 12:55 PM

Brunei important partner in India’s Act East Policy, Indo-Pacific Vision: PM Modi to Sultan Haji Hassanal Bolkiah

Prime Minister Narendra Modi met with Brunei's Sultan Haji Hassanal Bolkiah on Wednesday, emphasizing Brunei's crucial role in India's Act East Policy and Indo-Pacific Vision. This meeting, part of PM Modi's first-ever bilateral visit to Brunei by an...

September 4, 2024 12:55 PM

Nvidia suffers record $279 billion loss in market value as Wall St drops

Shares of AI heavyweight Nvidia tumbled 9.5% on Tuesday in the deepest ever single-day decline in market value for a U.S. company, as investors softened their optimism about artificial intelligence in a broad market selloff following tepid economic d...

September 4, 2024 5:07 PM

PM Modi inaugurates new Chancery of High Commission of India in Brunei

Prime Minister Narendra Modi's landmark visit to Brunei marks a significant milestone in the 40-year-old diplomatic relationship between the two nations. The visit is a testament to the growing friendship and cooperation between India and Brunei. Du...

September 3, 2024 5:17 PM

Sensex, Nifty end flat as investors await U.S. economic data

India’s benchmark indices ended flat on Tuesday, following record highs in the previous session. Investors are awaiting the U.S. ISM manufacturing survey due later in the day and jobs data on Friday, which are expected to influence the U.S. Federal...

September 3, 2024 5:08 PM

PM Modi’s visit to elevate India-Singapore ties: Indian envoy

Prime Minister Narendra Modi's upcoming visit to Singapore is expected to usher in a new era of bilateral relations, according to Indian High Commissioner to Singapore, Shilpak Ambule. Ambule emphasized the significance of the visit, occurring early...

September 3, 2024 4:36 PM

World Bank raises India’s growth forecast to 7% from 6.6% for FY25

The World Bank has raised its growth forecast for India to 7% for the fiscal year 2024-2025, up from its previous estimate of 6.6%, according to the latest India Development Update (IDU) released on Tuesday. This revision highlights India's economic ...

September 3, 2024 10:46 AM

PM Modi embarks on three-day visit to Brunei, Singapore, expresses confidence in advancing partnerships

Stating that both Brunei and Singapore are important partners in India's Act East Policy and the Indo-Pacific Vision, Prime Minister Narendra Modi affirmed confidence that his visits to the two nations will further strengthen New Delhi's partnership ...

September 2, 2024 10:24 PM

Cabinet clears 309 km rail link between Indore and Manmad; approves seven new agricultural scheme

The Cabinet Committee on Economic Affairs (CCEA) has approved a major railway project to construct a 309 km long rail line connecting Indore and Manmad. With an estimated budget of Rs. 18,036 crore, this project will significantly enhance connectivit...

September 2, 2024 10:13 PM

India’s economic growth hinges on policy autonomy and effective capital management: CEA V Anantha Nageswaran

India's Chief Economic Advisor, V Anantha Nageswaran, underscored the importance of maintaining policy autonomy and managing global capital flows effectively to safeguard the country’s economic growth. Speaking at the inaugural session of the Confe...

September 2, 2024 5:31 PM

Maritime security to feature in talks with Singapore, says MEA ahead of PM Modi’s visit

Ahead of Prime Minister Narendra Modi's upcoming visit to Singapore, the Ministry of External Affairs (MEA) has said that discussions on maritime security will be a key agenda item during the talks with Singaporean leadership. "On maritime security ...