DDIndia Business: Economic Headlines & Updates

Business

August 30, 2024 9:14 AM

PM Modi to launch mega projects and spark fintech innovation in Maharashtra today

Prime Minister Narendra Modi will be visiting Maharashtra today (Friday) to lay the foundation stone of the Vadhvan Port project worth around Rs 76,000 crores in Palghar and will also address Global Fintech Fest 2024 in Mumbai. "I look forward to be...

August 29, 2024 4:55 PM

Sensex, Nifty close near record highs as Reliance Industries fuels rally

India’s benchmark indices soared to record highs on Thursday, driven by a surge in Reliance Industries shares following the company's announcement of a 1:1 bonus issue for equity shareholders and a Rs 75,000 crore investment in New Energy. The com...

August 29, 2024 4:59 PM

India hands over first payment for energy project to Sri Lanka

India has initiated the first payment for Hybrid Power Projects aimed at addressing the energy needs of three remote islands off the northern coast of Sri Lanka. The announcement came as India's High Commissioner to Sri Lanka, Santosh Jha, formally h...

August 29, 2024 11:11 AM

Nifty, Sensex open flat amid decline in global indices

Indian stock markets opened with mixed signals on Thursday, reflecting the broader decline in global indices. The benchmark Nifty 50 index began trading down 17 points, or 0.07%, at 25,035.30, while the Sensex showed a marginal increase of 35 points,...

August 28, 2024 11:02 PM

Festive demand and anticipated rate cuts expected to propel stock market: Prabhudas Lilladher

Expectations of strong demand during the festive season, a revival in rural spending, and potential interest rate cuts later this fiscal year are set to bolster stock markets, according to the latest "India Strategy" report by brokerage firm Prabhuda...

August 28, 2024 9:23 PM

Adani Group to invest Rs 3,500 crore in Madhya Pradesh for cement and propellant units

The Adani Group is set to invest Rs 3,500 crore in Madhya Pradesh with the establishment of two major production units. Karan Adani, CEO of Adani Ports and SEZ Limited, announced the company's plan to build a 2 million tonne per annum cement grinding...

August 28, 2024 4:50 PM

Cabinet approves Rs. 6,456 crore investment for three key railway projects

The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved three major railway projects with a total estimated investment of ₹6,456 crore. These initiatives are designed to significantly enhance logistical efficiency and transportation ...

August 28, 2024 4:02 PM

Chilean Foreign Minister aims to strengthen trade ties with India

Chilean Foreign Minister Alberto Van Klaveren on Wednesday underscored the importance of deepening bilateral relations with India, particularly through a Comprehensive Economic Partnership Agreement (CEPA). Klaveren, who arrived on Tuesday for a two-...

August 28, 2024 9:40 AM

Indian Ambassador meets new Ahmadi Governor in Kuwait, highlights community contributions

In a move to bolster diplomatic relations, India's Ambassador to Kuwait, Adarsh Swaika, met with Sheikh Humoud Jaber Al-Ahmad Al-Sabah, the newly appointed Governor of Ahmadi Governorate on Tuesday. The meeting served as an opportunity for Ambassador...

August 27, 2024 4:38 PM

Sensex, Nifty end flat as global indices lose momentum

India's benchmark indices ended nearly flat on Tuesday, reflecting a day of mixed performance and volatility. Investors exercised caution as tensions in the Middle East dampened global indices, which had previously rallied on hopes of an imminent rat...