DDIndia Business: Economic Headlines & Updates

Business

December 4, 2024 9:06 AM

CII Partnership Summit 2024: External Affairs Minister Jaishankar meets global ministers in Delhi

External Affairs Minister (EAM) S Jaishankar, during the 29th CII Partnership Summit in New Delhi, met with many international ministers and leaders and engaged in talks about India's growth and potential partnerships on the global stage. Jaishankar ...

December 3, 2024 8:17 PM

Must redesign global financial institutions, restructure debt to achieve SGDs in Global South: Amitabh Kant

India's G20 Sherpa, Amitabh Kant, emphasized the urgent need to redesign global financial institutions and restructure debt to help countries in the Global South achieve the Sustainable Development Goals (SDGs). Speaking at the 29th CII Partnership S...

December 3, 2024 5:02 PM

UPI transactions may reach 25 billion by 2025

India’s Unified Payments Interface (UPI) reached a milestone in October, recording 16.58 billion financial transactions in a single month, reflecting a 45% year-on-year growth from 11.40 billion transactions in October 2023. With ₹23.49 lakh cror...

December 3, 2024 4:57 PM

Indian indices end higher, Sensex surges by nearly 600 points

The Indian stock market closed on a positive note on December 3, 2024, with both the Sensex and Nifty posting substantial gains. The Sensex surged by 597.67 points, ending the session at 80,845.75, while the Nifty rose by 181.10 points, closing at 24...

December 3, 2024 1:51 PM

Centre releases Rs 50,571 crore to states under capital investment scheme

The Union government has released Rs 50,571.42 crore to states under its 'Special Assistance for Capital Investment' scheme, aimed at boosting funding for various development projects during the first eight months of the current financial year, Minis...

December 3, 2024 10:53 AM

Indian stock market shows resilience amid economic concerns

Indian stock markets opened on a positive note on Tuesday, shrugging off recent GDP growth slowdown concerns. The Nifty 50 index opened at 24,367.50 points, marking a gain of 91.45 points, or 0.38%, while the BSE Sensex opened at 80,529.20 points, up...

December 3, 2024 9:02 AM

UNCCD in Riyadh: India underlines efforts on land restoration, drought resilience at CoP16

Union Minister for Environment, Forests, and Climate Change Bhupender Yadav has outlined India's efforts to address land degradation and desertification, aligning with the objectives of the UN Convention to Combat Desertification (UNCCD). While deli...

December 2, 2024 10:11 PM

Government to update GDP base year to 2022-23

The Government of India has announced its decision to revise the base year for the calculation of Gross Domestic Product (GDP) from 2011-12 to 2022-23, marking a significant update to the country’s national accounting framework. An Advisory Commit...

December 2, 2024 9:12 PM

India’s manufacturing PMI dips to 56.5 in November but remains in expansion zone

India's manufacturing sector showcased resilience in November despite mounting cost pressures and fierce competition. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) stood at 56.5, slipping from October's 57.5 and ma...

December 2, 2024 7:00 PM

Govt withdraws windfall tax on ATF, crude, petrol, and diesel, easing burden on oil companies

The government on Monday announced the withdrawal of the windfall tax on Aviation Turbine Fuel (ATF), crude oil, petrol, and diesel through a notification introduced in the Lok Sabha. The decision comes as a major relief for oil companies like Relia...