DDIndia Business: Economic Headlines & Updates

Business

December 11, 2024 1:05 PM

Indian EV industry to attract $40 billion investments, boosting real estate growth: report

The Indian electric vehicle (EV) and ancillary sectors are poised to attract nearly $40 billion in investments over the next five to six years, creating significant opportunities for the real estate market, according to a report by Colliers India. T...

December 11, 2024 11:07 AM

Sensex, Nifty muted as investors await US consumer inflation data

India's benchmark indices opened flat on Wednesday, entering a consolidation phase as investors awaited key US consumer inflation data. The Nifty edged up by 10.45 points, or 0.04 percent, to 24,620.50, while the Sensex gained 58.34 points, or 0.07 ...

December 11, 2024 10:33 AM

India’s logistics costs could drop to 9% in two years by optimizing fuel, road expenses: Nitin Gadkari

Union Minister for Road Transport and Highways, Nitin Gadkari, said on Tuesday that optimizing fuel and road expenses could lower India’s logistics cost to nine percent within two years. Addressing the Rising Rajasthan Global Investment Summit 202...

December 10, 2024 5:10 PM

Sensex, Nifty end flat ahead of key inflation data

India’s benchmark indices closed flat on Tuesday as investors remained cautious ahead of the release of key CPI inflation data from both the US and India. The Sensex inched up 1.59 points to 81,510.05, while the Nifty dipped 8.95 points to close a...

December 10, 2024 4:08 PM

Indian mutual fund industry’s AUM crosses ₹68.08 lakh crore in November

The assets under management (AUM) of mutual funds in India climbed to ₹68.08 lakh crore in November, marking an increase from ₹67.25 lakh crore in October, as reported by the Association for Mutual Funds in India (AMFI). Active equity schemes con...

December 10, 2024 3:32 PM

India highlights footwear and leather sector at Diflex 2024, aims for $350 million UAE trade target

India's leather and footwear industry aims to expand its presence in the UAE market as it makes a strong showing at DIFLEX 2024, with 43 manufacturing exporters participating in the region's largest leather products and footwear exhibition, currently...

December 10, 2024 2:55 PM

S&P Global Ratings projects 6.8% growth for Indian economy in FY25

S&P Global Ratings on Tuesday projected 6.8% growth for the Indian economy in FY25, followed by 6.9% growth in FY26, on the back of strong urban consumption, steady service sector growth, and ongoing investment in infrastructure. The growth proj...

December 10, 2024 10:31 AM

Sensex, Nifty open flat as markets enter consolidation phase

India’s benchmark indices opened flat on Tuesday amid a rally in Asian markets. The Nifty edged up by 33.65 points, or 0.14 percent, to 24,652.65, while the Sensex added 67.50 points, or 0.08 percent, to open at 81,575.96. Market experts suggest t...

December 9, 2024 5:27 PM

PM Modi launches LIC’s ‘Bima Sakhi Yojana’ to empower women as insurance agents

Prime Minister Narendra Modi on Monday unveiled the LIC Bima Sakhi Yojana, a groundbreaking initiative aimed at empowering women through financial literacy and opportunities in the insurance sector. The scheme, launched by the Life Insurance Corpora...

December 9, 2024 5:09 PM

Indian stock market ends lower amid subdued trading

The Indian stock market closed red on Monday, with key indices showing little movement. The Sensex fell by 177.12 points, settling at 81,531.99, while the Nifty dropped 52.05 points to close at 24,625.75. Among Nifty firms, 19 advanced, 30 declined,...