DDIndia Business: Economic Headlines & Updates

Business

July 10, 2024 3:47 PM

India-France-UAE trilateral focal points meeting held virtually: MEA

Officials from India, France, and the United Arab Emirates (UAE) convened virtually on Wednesday for a trilateral focal points meeting, as announced by the Ministry of External Affairs (MEA). The discussions focused on collaborative efforts outlined...

July 10, 2024 4:10 PM

India-Russia summit sets new strategic priorities

Following the 22nd Annual Bilateral Summit between Russia and India on Tuesday, in Moscow, President Vladimir Putin and Prime Minister Narendra Modi reaffirmed their commitment to deepening the Russia-India Special and Privileged Strategic Partnershi...

July 10, 2024 12:56 PM

India’s telecom equipment manufacturing sales cross Rs 50,000 crore under PLI scheme

Sales of telecom equipment have surpassed the Rs 50,000 crore milestone under the Production Linked Incentive (PLI) scheme. According to a press release by the Ministry of Communication, this accomplishment reflects the success of governmental effor...

July 10, 2024 11:14 AM

Sensex, Nifty plummet after reaching record highs

Indian benchmark indices witnessed a sharp decline after opening at record highs on Wednesday. The Sensex opened at 80,481.36, up 29.72 points, or 0.16%, and the Nifty at 24,459.85, up 26.65 points, or 0.11%. However, by 10:45 AM, the Sensex had drop...

July 10, 2024 10:51 AM

India-Russia agreement has provided stability to global fuel market: PM Modi

During a bilateral meeting with Russian President Vladimir Putin on Tuesday, Prime Minister Narendra Modi praised the fuel agreement between India and Russia, stating it has brought stability to the global market. PM Modi emphasized the long-standin...

July 9, 2024 5:44 PM

Sensex, Nifty close at record highs

Indian benchmark indices closed at fresh all-time highs on Tuesday. The Sensex rose 391.26 points, or 0.49 percent, to 80,351.64, while the Nifty climbed 112.70 points, or 0.46 percent, to end at 24,433.20. Among the sectoral indices, shares of the...

July 9, 2024 4:57 PM

Novo Nordisk shares down after analysis finds Lilly drug leads to better weight loss

Shares in Novo Nordisk, maker of the wildly popular obesity drug Wegovy were down 1.1% on Tuesday after the publication of a data analysis showing rival Eli Lilly's own treatment Mounjaro leads to faster and greater weight loss. The analysis was pub...

July 9, 2024 12:36 PM

Tributes pour in as Indian business tycoon and philanthropist Ram Buxani passes away in Dubai

The business and expatriate community in the United Arab Emirates is mourning the loss of prominent Indian businessman and philanthropist Ram Buxani, who passed away in Dubai. Buxani, a stalwart of the Indian business community in the UAE, leaves beh...

July 9, 2024 11:07 AM

Sensex, Nifty open higher; Maruti Suzuki shares surge

Indian benchmark indices gained in early trade on Tuesday, led by shares of Maruti Suzuki, which surged by more than 4 percent. The NSE Nifty 50 gained 0.14 percent to 24,354, while the BSE Sensex added 0.21 percent to 80,126 as of 10:30 AM. In the...

July 8, 2024 9:05 PM

India doubts credibility of Citigroup report on state of employment

The Indian government has strongly refuted a recent Citigroup report on the state of employment in India, calling into question its credibility and methodology. In a statement released Monday, the Ministry of Labour and Employment criticized the repo...