DDIndia Business: Economic Headlines & Updates

Business

January 7, 2025 8:18 PM

India’s GDP growth pegged at 6.4% for 2024-25

India’s Gross Domestic Product (GDP) is expected to grow by 6.4% in the financial year 2024-25, down from the 8.2% growth recorded in 2023-24, according to the first advance estimates released by the Ministry of Statistics on Tuesday. This p...

January 7, 2025 4:36 PM

Indian stock market ends in green as HMPV fear subsides

India's stock markets closed on a positive note on Tuesday as concerns around HMPV eased with increased surveillance across the country. The domestic benchmark indices showed gains amid supportive global trends, with buying interest observed in secto...

January 7, 2025 4:17 PM

European stocks hold steady after Asia rises on tariff hopes

European shares held steady on Tuesday after inflation data matched expectations, while Asian shares rose as some investors hoped U.S. President-elect Donald Trump would adopt less aggressive tariffs than previously thought. Europe's continent-w...

January 7, 2025 3:53 PM

Satya Nadella announces $3 billion investment to boost AI, cloud infrastructure in India

Microsoft Chairman and CEO, Satya Nadella, on Tuesday announced $3 billion investment in the country for cloud and AI infrastructure over the next two years. The announcement came during his keynote session at the Microsoft AI Tour in Bengaluru. Thi...

January 7, 2025 2:35 PM

India to clock faster GDP growth for Oct-Dec, inflation easing: HSBC research

India’s GDP growth momentum has improved in the October-December quarter of the current financial year (FY25), with inflation easing, according to an HSBC Research report released on Tuesday. “GDP growth came in at a disappointing 5.4% in the qu...

January 7, 2025 1:12 PM

India to showcase transformative agricultural and food solutions at Indusfood 2025

Union Minister of Food Processing Industries, Chirag Paswan, will inaugurate the 8th edition of Indusfood 2025 at the India Exposition Mart Ltd in Greater Noida on January 8. Organized by the Trade Promotion Council of India (TPCI) with the support o...

January 7, 2025 12:40 PM

RBI increased gold reserves by 8 tonnes in November amid safe-haven demand

The Reserve Bank of India (RBI) bought eight tonnes of gold in November 2024 as central banks around the world continued their buying spree with a collective purchase of 53 tonnes of the precious metal during the month, according to the latest World ...

January 7, 2025 12:09 PM

India logs 9.1% jump in automobile sales in 2024 with growth in most segments

India's retail automobile sales witnessed a robust 9.1% growth in 2024, reaching 2.61 crore units, overcoming hurdles such as extreme weather conditions, elections, and uneven monsoons, according to data released by the Federation of Automobile Deale...

January 7, 2025 10:47 AM

Pre-Budget consultation meetings for Union Budget 2025-26 conclude in New Delhi

The month-long pre-budget consultation meetings for the upcoming Union Budget 2025-26, chaired by Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman, have concluded in New Delhi. The consultations, which began on December 6, brou...

January 7, 2025 10:24 AM

Indian stock market opens higher, Nifty crosses 23,700 in early trade

The domestic benchmark indices opened higher on Tuesday, with buying interest seen across sectors including energy, PSE, auto, IT, PSU bank, financial services, pharma, FMCG, metal, and realty. At 9:27 am, the Sensex was trading at 78,292.85, up by ...