DDIndia Business: Economic Headlines & Updates

Business

December 19, 2024 5:10 PM

Sensex drops 964 points after US Fed’s hawkish stance on rate cuts

Indian equity markets faced a steep decline on Thursday, closing in the red amid weak global cues. The sell-off was primarily triggered by the US Federal Reserve's hawkish stance on interest rates, which led to a major shift in expectations for 2025....

December 19, 2024 4:44 PM

India’s coal imports decline amid surge in domestic production

India’s coal imports dropped by 3.1% during the April-October period of FY 2024-25, falling to 149.39 million tonnes (MT) from 154.17 MT in the same period last year, according to a statement released by the Ministry of Coal on Thursday. The non-r...

December 19, 2024 4:41 PM

Auto PLI achieves ₹20,715 crore investment, ₹10,472 crore incremental sales: Centre

The Production Linked Incentive (PLI) scheme for the automobile and auto components industry, initiated in 2021, has achieved investments worth ₹20,715 crore and incremental sales of ₹10,472 crore by September, the Ministry of Heavy Industries sa...

December 19, 2024 3:26 PM

Global stocks, bond prices fall after Fed sounds cautious, BOJ hold weakens yen

Global stocks around the world tumbled on Thursday, with the 10-year U.S Treasury yield at its highest since May, a day after the Federal Reserve said it would temper the pace of rate cuts, kicking off a busy 24 hours for other central banks. Th...

December 19, 2024 11:46 AM

Fed lowers rates but sees fewer cuts next year due to stubbornly high inflation

The U.S. central bank cut interest rates on Wednesday, as expected, but Federal Reserve Chair Jerome Powell said more reductions in borrowing costs now hinge on further progress in lowering stubbornly high inflation, remarks that showed policymakers ...

December 19, 2024 12:20 PM

Sensex, Nifty plunge after US Fed signals fewer rate cuts for 2025

India's benchmark indices opened sharply lower on Thursday, mirroring a global sell-off after the US Federal Reserve signaled fewer rate cuts for 2025. The Nifty 50 index plunged 1.33%, shedding 321 points to open at 23,877.15, while the BSE Sensex ...

December 18, 2024 5:31 PM

Sensex, Nifty end lower ahead of US Fed rate decision

India’s benchmark indices declined on Wednesday as cautious investor sentiment prevailed ahead of the US Federal Reserve’s policy decision later in the day. The Sensex dropped 502.25 points, or 0.62 percent, to close at 80,182.20, while the Nift...

December 18, 2024 4:19 PM

Tourism and hospitality sector to create over 61 lakh jobs by 2036-37: CII-EY report

India's tourism and hospitality sector is poised for a significant expansion, with an additional 61.31 lakh workers required by 2036-37 to meet the rising demand, as per a report by the Confederation of Indian Industry (CII) and EY. The whitepaper, ...

December 18, 2024 1:06 PM

Fed expected to combine interest rate cut with hawkish 2025 outlook

The Federal Reserve is expected to lower borrowing costs on Wednesday in what some observers are calling a "hawkish cut" set to be delivered alongside policymakers' updated interest rate outlooks and economic forecasts covering the first months of th...