DDIndia Business: Economic Headlines & Updates

Business

August 7, 2024 4:13 PM

India’s lifestyle market to hit USD 210 billion by 2028 with 22% online penetration

The Indian lifestyle market is projected to grow at a compound annual growth rate (CAGR) of 10-12% over the next five years, reaching USD 210 billion by 2028, according to a joint report by Bain & Company and Myntra. The organized segment will pl...

August 7, 2024 4:23 PM

Nirmala Sitharaman to speak on Finance Bill later today, before its passage in Lok Sabha

Union Finance Minister Nirmala Sitharaman is scheduled to address the Lok Sabha today at approximately 4 PM, responding to discussions on the Finance Bill. This follows the House's passage of the Appropriation Bill for the central government's 2024-2...

August 7, 2024 2:32 PM

PM Modi extends greetings on National Handloom Day, reaffirms support for artisans

Prime Minister Narendra Modi commemorated National Handloom Day on Wednesday, highlighting India's rich handloom tradition and reaffirming the government's commitment to supporting local artisans. In a post on X, PM Modi said, "Greetings on National...

August 7, 2024 2:16 PM

OPEC’s tightrope walk between oil price stability and climate goals

In recent days, the global oil market has experienced significant volatility, reflecting the complex interplay of geopolitical tensions in the Middle East, economic concerns, and production disruptions. This turmoil highlights the delicate balance OP...

August 7, 2024 1:47 PM

Google monopoly ruling could help Apple defense in antitrust case

Apple could be the winner after Alphabet's Google lost its fight with the U.S. antitrust enforcers earlier this week, with a ruling that supports the iPhone maker's defense in its own antitrust court battle with U.S. prosecutors, legal experts said. ...

August 7, 2024 8:47 AM

India’s renewable energy capacity has increased by 165 percent in 10 years: Pralhad Joshi

India's installed renewable energy capacity has increased by 165 percent over the past decade, rising from 76.38 Gigawatts (GW) in 2014 to 203.1 GW in 2024, Union Minister Pralhad Joshi said on Tuesday. Replying to a debate in Rajya Sabha on demands...

August 6, 2024 4:54 PM

Sensex and Nifty close in red after rebounding from Monday’s plunge

The Indian stock market closed in negative territory on Tuesday, following a brief recovery after Monday's losses. The Sensex declined by 166.33 points to settle at 78,593.07, while the Nifty dropped 63.05 points, closing at 23,992.55. Despite an ini...

August 6, 2024 5:08 PM

Bangladesh crisis: India-Bangladesh trade at risk amid political turmoil

Amid the ongoing political unrest in Bangladesh, the longstanding trade relationship between India and Bangladesh is facing challenges. Both countries have been major trading partners, engaging in a wide exchange of goods and services. In the fiscal...

August 6, 2024 2:06 PM

Google has an illegal monopoly on search, US judge rules

A U.S. judge ruled on Monday that Google violated antitrust law, spending billions of dollars to create an illegal monopoly and become the world's default search engine, the first big win for federal authorities taking on Big Tech's market dominance....