DDIndia Business: Economic Headlines & Updates

Business

July 4, 2024 3:42 PM

EU imposes duties on China-built EVs, leaving four months for talks

The European Union will impose tariffs of up to 37.6% from Friday on imports of electric vehicles made in China, EU officials said on Thursday, ratcheting up trade tension with Beijing. There is however a four-month window during which the tariffs a...

July 4, 2024 4:38 PM

Xi and Putin set out ambitions for Eurasian security club

Chinese President Xi Jinping urged members of a regional security club on Thursday to resist external meddling, while President Vladimir Putin was due to speak about creating a new Eurasian security system at the group's annual meeting. Putin and Xi...

July 4, 2024 12:36 PM

Sensex opens at 80,322, Nifty at 24,369 as Indian markets hit record highs

Indian markets hit a new historic high on Thursday, with both major indices achieving record points in the opening session. The Nifty 50 index opened at an unprecedented 24,369 points, while the BSE Sensex began the session at an all-time high of 80...

July 3, 2024 4:49 PM

India and ADB sign $170 million loan to enhance pandemic preparedness and response

India and the Asian Development Bank (ADB) signed a $170 million policy-based loan to enhance India's preparedness and response capacity for future pandemics. The agreement, part of the 'Strengthened and Measurable Actions for Resilient and Transform...

July 3, 2024 4:16 PM

UPI poised for widespread adoption in UAE as QR code payments become mainstream

NPCI International Payments Ltd. (NIPL), in partnership with Network International, a leading digital commerce enabler across the Middle East and Africa, has facilitated the acceptance of QR-code-based Unified Payments Interface (UPI) payments across...

July 3, 2024 11:01 AM

Sensex hits 80,000 mark for first time, Nifty at fresh lifetime high

Buoyed by banking and FMCG stocks, Indian benchmark indices surged to record highs on Wednesday for the second straight session. The Sensex gained 572.32 points, or 0.72 percent, to touch 80,013.77, crossing the 80,000 mark in intraday trade for the...

July 3, 2024 10:34 AM

High-tech cash: Japan launches banknotes with hologram portraits

Japan began circulating its first new banknotes in 20 years on Wednesday, featuring three-dimensional portraits of the founders of financial and female education institutions in an attempt to frustrate counterfeiters. The notes use printed patterns ...

July 2, 2024 11:05 PM

PM Modi extends congratulations to new Dutch Prime Minister Dick Schoof

Prime Minister Narendra Modi congratulated Dick Schoof on his appointment as the new Prime Minister of the Netherlands on Tuesday, and said he looks forward to closely working to further advance India-Netherlands ties. In a post on social media plat...

July 2, 2024 6:48 PM

Nepal’s Deputy PM urges diplomats to prioritize national interest in geopolitical assessments

Deputy Prime Minister and Minister for foreign Affairs of Nepal Narayan Kaji Shrestha pointed out that Geopolitical developments need to be assessed keeping national interest at centre while addressing a seminar on - Transferring knowledge on bilater...

July 2, 2024 5:14 PM

India, Belarus hold first-ever Consular Dialogue in Minsk

On June 28, India and Belarus conducted their first-ever Consular Dialogue in Minsk, marking a significant step in bilateral relations. The meeting focused on a wide range of consular issues, including the welfare of Indian students in Belarus and ef...