DDIndia Business: Economic Headlines & Updates

Business

November 29, 2024 6:55 PM

Govt proposes to increase FDI limit in insurance sector to 100%, seeks public comments

The central government has announced several proposals aimed at reforming the insurance sector, including raising the Foreign Direct Investment (FDI) limit for Indian insurance companies from 74% to 100%. The move is part of broader efforts to foster...

November 29, 2024 5:44 PM

India records 5.4% GDP growth in Q2, remains the fastest growing major economy

India’s economy recorded a 5.4% GDP growth for the second quarter (July-September) of the current fiscal year, according to data released by the Ministry of Statistics. Despite challenges in sectors like manufacturing, which saw a growth rate of ju...

November 29, 2024 4:35 PM

India’s real estate sector growth outlook firms up: report

There is rising confidence in the growth of India’s real estate sector over the next six months, according to a Knight Frank-NAREDCO survey released on Friday. In the residential market, optimism prevails as 62 per cent of respondents anticipate a...

November 29, 2024 4:07 PM

Sensex jumps over 700 points ahead of Q2 GDP data release

Indian stock markets ended the week on a positive note, with major indices experiencing significant gains ahead of the release of Q2 GDP data. On Friday, the BSE Sensex surged by 702.50 points, closing at 79,746.24, while the Nifty index rose by 216....

November 29, 2024 4:05 PM

Govt launches PAN 2.0: A digital overhaul of taxpayer services

In a bid to modernize India’s financial ecosystem, the Ministry of Finance has unveiled PAN 2.0, a transformative upgrade to the Permanent Account Number (PAN) system. The initiative aims to simplify taxpayer services while enhancing efficiency and...

November 29, 2024 2:40 PM

World markets head for reality check after month of Trump

November was a month of clear winners and losers from Donald Trump's Nov. 5 U.S. election victory. Trump trades, essentially punishing tariff-sensitive assets from European exporters to Mexico's peso and driving investment towards U.S. stocks an...

November 29, 2024 10:39 AM

Share market opens in green, media and pharma stocks shine

The Indian stock market opened in green on Friday as buying was seen in the Media and Pharma sector in early trade. At around 09.44 a.m., the Sensex was trading at 79,369.57 after gaining 325.83 points or 0.41 per cent, while the Nifty was trading a...

November 28, 2024 11:03 PM

India sees strong growth in key mineral production in FY 2024-25

The production of several key minerals in India has continued to show robust growth in the first half of FY 2024-25 (April-October), following record production levels in FY 2023-24. Iron ore, which constitutes 69% of the total mineral production by...

November 29, 2024 3:16 PM

AMRUT 2.0: Key milestones in urban transformation and water security

The Atal Mission for Rejuvenation and Urban Transformation (AMRUT) 2.0 scheme, launched on October 1, 2021, continues to make strides towards transforming Indian cities into self-reliant and water-secure urban centers. Focused on key areas such as un...

November 28, 2024 9:20 PM

Government pushes for greater ethanol blending in petrol

The Government of India has implemented a series of initiatives since 2014 to achieve ethanol blending targets under the Ethanol Blended Petrol (EBP) Programme. These efforts have led to remarkable progress, with the blending rate increasing from jus...