DDIndia Business: Economic Headlines & Updates

Business

July 8, 2024 8:19 PM

Interview with Dr. Adarsh Swaika, Ambassador to Kuwait on Hindi Radio Program

In a development for cultural diplomacy, Kuwait has launched a Hindi radio program on its national broadcasting network. This initiative has garnered attention not only from the Indian diaspora in Kuwait but also from Prime Minister Narendra Modi, wh...

July 9, 2024 11:19 AM

SBI research suggests centre to target 4.9% fiscal deficit in 2024

As the Modi government prepares to present its first full budget of its third term on July 23, SBI Research has recommended a focus on fiscal prudence and continued consolidation. The research arm of India's largest public sector bank suggests the g...

July 8, 2024 10:48 AM

Sensex, Nifty open lower as banking stocks drag

Indian benchmark indices declined during the opening trade on Monday, with the NSE Nifty 50 index falling 30 points to 24,300 and the BSE Sensex dropping 150 points to 79,841. Among the sectoral indices, Nifty Bank, Nifty Financial Services, Nifty P...

July 7, 2024 8:30 PM

Pre-Budget consultation meetings for union budget 2024-25 conclude

The Finance Ministry concluded the Pre-Budget consultations for the Union Budget 2024-25, which began on June 19, 2024. These meetings were chaired by Union Minister for Finance and Corporate Affairs Nirmala Sitharaman. A press release by the Mi...

July 6, 2024 5:54 PM

Budget session to be held from July 22 to Aug 12; Union Budget to be presented on July 23

The budget session of Parliament will be held from July 22 to August 12. The union budget for 2024-25 will be presented by Finance Minister Nirmala Sitharaman on July 23. This will be first full session of Parliament after the new members took oath ...

July 6, 2024 1:41 PM

RBI penalizes five banks, including PNB, for regulatory non-compliance in first week of July

The Reserve Bank of India (RBI) penalized five banks, including Punjab National Bank (PNB), in the first week of July for non-compliance with various RBI directions. PNB became the fifth bank to be penalized, with a penalty of Rs 1.31 crore. This pe...

July 5, 2024 5:37 PM

Stock market ends week flat after record highs

Indian benchmark indices ended flat on Friday after a record-breaking rally earlier in the week. The BSE Sensex closed 53.07 points lower at 79,996.60, falling just short of the 80,000 mark, while the NSE Nifty edged up 21.70 points to close at 24,3...

July 5, 2024 5:34 PM

Pakistan petroleum dealers strike over new taxes

The bustling metropolis of Karachi is grappling with a severe fuel shortage as the Pakistan Petroleum Dealers Association (PPDA) continues its nationwide strike. The crisis began early Friday morning when petrol stations across Karachi and other par...

July 5, 2024 4:57 PM

World food prices hold firm in June, UN’s FAO reports

The United Nations world food price index held steady in June data showed on Friday, with increases in vegetable oil, sugar and dairy products offset by a fall in the price of cereals. The U.N. Food and Agriculture Organization's price index, which ...

July 5, 2024 2:35 PM

India’s UPI goes live at Galeries Lafayette in Paris, eyes Olympics boost

India's Unified Payments Interface (UPI) has expanded its footprint to the heart of Paris, with the flagship store of Galeries Lafayette on Haussmann Boulevard now accepting UPI payments. Reflecting on the success of UPI's earlier launch at the Ei...