DDIndia Business: Economic Headlines & Updates

Business

August 10, 2024 7:18 PM

In FY24, 272 companies went public as compared to 164 in FY23: SEBI

India's Initial Public Offering (IPO) market witnessed a resurgence in 2024, with a total of 272 companies going public compared to 164 during the previous fiscal year, highlights a report by SEBI. The market regulator SEBI stated that upbeat s...

August 9, 2024 8:22 PM

India reaches milestone with completion of 32 projects under PLI scheme

The Ministry of Chemicals and Fertilizers announced a significant achievement on Friday with the successful completion of 32 projects under the Production Linked Incentive (PLI) Scheme. This initiative is designed to bolster domestic production of cr...

August 9, 2024 4:17 PM

Indian indices rebound: Sensex jumps 820 points, Nifty above 24,350

The Indian equity markets made a strong recovery on August 9, erasing the losses from the previous session, as buying activity intensified across all sectors. The benchmark indices, Sensex and Nifty, both recorded a 1.04% gain by the close of trading...

August 9, 2024 1:59 PM

Foreign airlines lose interest in China as domestic carriers expand abroad

Chinese airlines are gaining market share on international routes, industry data shows, as foreign rivals are deterred by weak China travel demand and rising costs and extended flight times because of the need to avoid Russian airspace. Foreign airl...

August 8, 2024 6:33 PM

Jal Jeevan Mission Brings Tap Water to Over 15 Crore Rural Households

The Government of India, in partnership with the states, is implementing the Jal Jeevan Mission (JJM) – Har Ghar Jal to provide potable tap water to every rural household in the country. According to the latest data, as of August 5, 2024, more tha...

August 8, 2024 5:33 PM

Sensex and Nifty dip as RBI maintains unchanged repo rate at 6.5%

Indian equity markets closed on a weak note following the Reserve Bank of India's (RBI) decision to keep the policy repo rate unchanged at 6.5%. The benchmark indices opened lower and continued to trade in negative territory throughout the day. The ...

August 8, 2024 5:35 PM

RBI increases UPI payment limit from Rs 1 lakh to Rs 5 lakh

The Reserve Bank of India (RBI) has provided major relief to UPI consumers. The central bank has increased the limit for making payments through UPI from Rs 1 lakh to Rs 5 lakh. Addressing the media after the three-day bimonthly Monetary Policy Comm...

August 8, 2024 1:56 PM

Sale of fish affected in Howrah fish market due to protests in Bangladesh

Sales at Howrah's fish market have been severely impacted by ongoing violence and protests in Bangladesh. On Thursday, officials reported a significant decline in the quantity of fish arriving from Bangladesh, leading to substantial losses for fish t...

August 8, 2024 12:09 PM

Repo rate remains unchanged at 6.5% for ninth consecutive time: RBI

The Reserve Bank of India (RBI) announced on Thursday that it will maintain the repo rate at 6.5%, marking the ninth consecutive time the central bank has kept the key interest rate unchanged. The decision reflects the RBI's cautious stance amid ongo...

August 7, 2024 6:08 PM

Indian stock markets retain gains, Sensex surges 900 points

The Indian stock market witnessed a rebound on Wednesday, recovering from Monday's historic downturn. The Sensex surged by 900 points, breaking a three-day losing streak. At the close of trading, the Sensex stood at 79,468.01, up by 874.94 points or ...