DDIndia Business: Economic Headlines & Updates

Business

January 9, 2025 5:03 PM

Indian stock market declines as Q3 results season begins

India's domestic benchmark indices ended lower on Thursday as investors awaited Q3 FY25 earnings. Selling was observed across IT, PSU banks, financial services, pharma, and auto sectors. The Sensex closed at 77,620.21, down by 528.28 points ...

January 9, 2025 4:21 PM

SIP inflows in India cross Rs 26,000 crore mark for 1st time in December: AMFI

Monthly systematic investment plans (SIPs) surpassed the Rs 26,000 crore mark for the first time in the month of December, showcasing that small investors continue to rely on mutual funds for long-term investments, as per the data released by the Ass...

January 9, 2025 2:36 PM

Indian economy expected to clock 6.8 percent growth in 2025-26: report

The Indian economy is projected to grow at a robust 6.8 percent in the financial year 2025-26, driven by strong high-frequency indicators, according to a Bank of Baroda forecast. The report expects nominal GDP growth to be around 10.5 percent during...

January 9, 2025 12:17 PM

Never sold users’ Siri data to anyone for any purpose: Apple

Apple has reiterated its stance on privacy, asserting that it has never used Siri data to build marketing profiles, sold the data to third parties, or made it available for advertising purposes. The statement follows the tech giant's decision to pay ...

January 8, 2025 5:19 PM

Indian stock market ends flat, Nifty closes below 23,700

Benchmark indices in India closed nearly unchanged on Wednesday due to muted global cues and selling across multiple sectors, including auto, PSU banks, financial services, pharmaceuticals, metals, and real estate. The Sensex concluded at 78,148.49,...

January 8, 2025 3:38 PM

Private equity investments in India surge to $15 billion in 2024, marking 46.2% growth

Private equity (PE) investments in India soared to $15 billion in 2024, reflecting an impressive 46.2% growth compared to the previous year. This surge was fueled by sectors such as healthcare, pharmaceuticals, consumer-related industries, and techno...

January 8, 2025 1:26 PM

Per capita nominal GDP in FY25 to grow by ₹35,000 more than FY23: economists

Despite a slowdown in real GDP growth, India’s per capita nominal GDP is projected to rise significantly in FY25, increasing by at least ₹35,000 compared to FY23, according to economists. The first advance estimate (AE) of GDP for FY25, released...

January 8, 2025 11:55 AM

Sensex, Nifty open flat amid selling pressure from FIIs

India’s benchmark indices opened on a cautious note on Wednesday, with marginal gains dampened by selling pressure from Foreign Institutional Investors (FIIs). The Nifty rose by 38.75 points, or 0.16 percent, to open at 23,746.65, while the Sensex...

January 8, 2025 10:31 AM

EU Council President calls India “one of EU’s main global partners” in conversation with PM Modi

European Council President Antonio Costa held a telephonic discussion with Indian Prime Minister Narendra Modi, describing India as one of the European Union’s (EU) primary global partners. The conversation, held on Tuesday, emphasized strengthenin...

January 7, 2025 10:12 PM

Union Minister Sonowal unveils ₹57,000 crore capacity to boost at Kandla Port

Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal has announced two major initiatives aimed at enhancing the capacity of Kandla Port, involving a total investment of ₹57,000 crores. These projects include the construction of a new ...