DDIndia Business: Economic Headlines & Updates

Business

July 22, 2024 10:59 AM

Sensex, Nifty open lower ahead of Economic Survey and Union Budget

Indian benchmark indices declined in early trade on Monday, weighed down by selling pressure ahead of the Economic Survey later in the day and the Union Budget, which will be presented on Tuesday. Markets were also tracking Asian shares, which slid ...

July 22, 2024 8:32 AM

Finance Minister Nirmala Sitharaman to table Economic Survey in Parliament today

Union Finance Minister Nirmala Sitharaman will table the Economic Survey 2023-24 along with a statistical appendix in Parliament on Monday, a day ahead of the Union Budget. The Budget Session of Parliament will commence today (Monday) and subject to ...

July 21, 2024 12:12 PM

EPFO reports record addition of 19.50 lakh members in May

The Employees’ Provident Fund Organisation (EPFO) added a record 19.50 lakh net members in May 2024, the highest since it began releasing payroll data in April 2018. This marks a 19.62% increase compared to May 2023. Out of the total new additions...

July 20, 2024 6:03 PM

Air India offers full refund and travel vouchers after 30-hour San Francisco flight delay

Air India has announced a full fare refund and additional travel vouchers for passengers affected by a 30-hour delay on its New Delhi to San Francisco flight. The gesture comes as an apology for the significant inconvenience caused to travelers. In ...

July 20, 2024 3:05 PM

Indian Association Ajman Joins Hands with the Indian Mission to Address Community Issues

The Consulate General of India in the UAE held a successful Open House at the Indian Association Ajman's Sheikh Humaid Bin Rashid Al Nuaimi Auditorium and Sports Complex in Al Jurf. The event attracted around 100 Indian nationals from Ajman and addre...

July 19, 2024 5:20 PM

Sensex, Nifty end sharply lower

Indian shares fell from record highs to end lower on Friday due to broad-based profit booking ahead of the national budget and a global cyber outage impacting multiple sectors. NSE Nifty 50 dropped 1.09% to 24,530.9, and BSE Sensex fell 0.91% to 80,...

July 19, 2024 3:58 PM

China reaffirms lofty policy goals, offers no implementation details

Chinese leaders reiterated their wide-ranging economic policy goals on Thursday, from modernizing industry to expanding domestic demand and curbing debt and property sector risks, without detailing implementation steps. The pledges were published in...

July 19, 2024 3:31 PM

Participation in global value chains key to India’s rise as electronics powerhouse, says NITI Aayog report

India needs to enhance its participation in global value chains (GVCs), which account for 70% of global trade, to establish itself as a leading manufacturing hub for electronics, according to a report published by the policy think tank NITI Aayog. T...

July 19, 2024 4:38 PM

Microsoft server outage affects airlines and businesses globally

A technical glitch in Microsoft's servers on Friday led to widespread disruptions across various global services, impacting aviation operations in India and other countries, and halting banking functions. The outage also caused the UK’s Sky News...

July 18, 2024 6:02 PM

India’s counter-drone market set to soar with 28% annual growth over next five years: Report

India's counter-drone market is expected to grow at an annual rate of 28% over the next five years, according to a report by financial services company Motilal Oswal. This growth is driven by an increased need for systems to counter aerial attacks. ...