DDIndia Business: Economic Headlines & Updates

Business

August 14, 2024 4:34 PM

India’s July exports up 2.8% at USD 62.4 billion, trade deficit widens to USD 9.6 billion

India's overall exports, merchandise and services combined, in July were to the tune of USD 62.42 billion, a 2.81 rise on a yearly basis, Commerce Ministry data showed on Wednesday. Same month last year it was USD 60.71 billion. Exports of merchandi...

August 14, 2024 2:53 PM

Indian Investors Lead Foreign Business Expansion in Dubai, with 7,860 New Companies in First Half of 2024

A recent analysis by the Dubai Chamber of Commerce reveals that Indian investors are at the forefront of foreign business expansion in the emirate, establishing 7,860 new companies during the first six months of 2024. This achievement places India at...

August 14, 2024 9:49 AM

India-US join hands to promote cooperation in MSMEs

India and the U.S. signed a Memorandum of Understanding (MoU) on Tuesday, aimed at enabling Micro, Small, and Medium Enterprises (MSMEs) from both countries to participate more effectively in global markets and foster trade. "India-US joining hands ...

August 13, 2024 6:00 PM

MoSPI’s ‘women and men in India 2023’ reveals progress and gaps in gender equality

The Ministry of Statistics and Programme Implementation (MoSPI) has released the 25th edition of its comprehensive publication, "Women and Men in India 2023." This report offers a detailed look at the status of women and men across various sectors in...

August 13, 2024 5:28 PM

Sensex, Nifty decline amid mixed global sentiments

The BSE Sensex and the Nifty fell on Tuesday, influenced by mixed global sentiments. The Nifty 50 dropped 0.81% to 24,100.50, while the Sensex lost 0.75% to settle at 78,873. HDFC Bank was the biggest loser on the Sensex, with its shares falling 3% ...

August 13, 2024 3:24 PM

PM Modi unveils 109 new crop varieties to boost agricultural productivity

Prime Minister Narendra Modi released 109 new varieties of field and horticultural crops on Sunday at PUSA, New Delhi, marking a significant step towards enhancing India's agricultural output and farmer incomes. The new varieties, developed by vario...

August 12, 2024 9:00 PM

Direct tax collections 24% higher at Rs 8.1 lakh crore

The Indian government's gross direct tax collections for the fiscal year 2024-25 have seen a significant increase, rising by 24% year-on-year to Rs.8.13 lakh crore, according to data released by the Central Board of Direct Taxes (CBDT) on Monday. Thi...

August 12, 2024 7:17 PM

Retail Inflation Drops to Five-Year Low of 3.54% in July, Below RBI’s Target

Retail inflation in India saw a significant decline in July, hitting a five-year low of 3.54%, according to data released by the Ministry of Statistics and Programme Implementation. This sharp decrease brings the inflation rate well below the Reserve...

August 12, 2024 5:34 PM

Sensex, Nifty end flat amid volatility

Indian benchmark indices closed largely unchanged after a highly volatile trading session on Monday. The Sensex closed 56.99 points lower, or 0.07%, at 79,648.92, while the Nifty declined by 20.50 points, or 0.08%, to settle at 24,347.00. Market bre...

August 11, 2024 2:26 PM

Adani Group rejects Hindenburg’s new allegations, accuses US short seller of manipulation

The Adani Group has condemned the latest allegations by Hindenburg Research as "malicious, mischievous, and manipulative" distortions of publicly available information. According to a spokesperson, the allegations are designed to reach pre-determined...