DDIndia Business: Economic Headlines & Updates

Business

July 2, 2024 11:06 AM

Sensex, Nifty hit fresh all-time high levels in early trade

Indian stock market opened at fresh all-time highs in Tuesday's trading session. Sensex surged to 79,840.40, climbing 364 points or 0.46%, while the Nifty hit 24,228.75, up 86 points or 0.36%. The Bank Nifty also opened strong, gaining 219 points or ...

July 1, 2024 9:01 PM

Indian Navy Chief held bilateral discussions with his Bangladeshi counterpart in Dhaka

Admiral Dinesh K Tripathi, Chief of the Naval Staff (CNS), Indian Navy on Monday paid tribute to the bravehearts of the Bangladesh Armed Forces who made the supreme sacrifice during the Liberation War of Bangladesh at the Shikha Anirban (eternal flam...

July 1, 2024 6:19 PM

India remains valued ASEAN partner, says Laos Foreign Ministry official

India continues to be a valued partner of the Association of Southeast Asian Nations (ASEAN), according to Chatoulong Bouasisavath, Director General of the ASEAN department in Laos' Ministry of Foreign Affairs. In an exclusive interview in Vientiane...

July 1, 2024 11:05 AM

Indian markets open flat, Nifty and Sensex maintain steady levels

The Indian stock markets started the first week of July on a calm note, with both major indices showing little change as they opened on Monday. The Nifty 50 index stayed above the 24,000 mark, trading at 24,022 after a slight gain of 14 points. Simil...

June 30, 2024 6:26 PM

Delhi metro to open its phase 4 priority corridors by 2026, over 50 per cent work already done

The Delhi Metro Rail Corporation (DMRC) announced on Sunday that it is rapidly advancing with its Phase 4 expansion, aiming to open all three priority corridors comprising 65 kilometers of new lines by 2026. In a post on X, DMRC said that over 50 pe...

June 29, 2024 10:09 AM

India and USA extend agreement on equalisation levy until June 30

India and the United States have agreed to extend their transitional agreement on the Equalisation Levy until June 30. This decision comes after both countries initially joined 134 other members of the OECD/G20 Inclusive Framework in October 2021 to ...

June 28, 2024 10:45 PM

India’s coal production surges, import dependency declines

India, home to the world's fifth-largest coal reserves, has seen a significant boost in domestic coal production over the past decade, reducing its reliance on imports despite being the second-largest consumer of coal globally. Recent data reveals a...

June 28, 2024 5:32 PM

FATF recognises India’s efforts to combat money laundering, terrorist financing

India has achieved an "outstanding outcome" in the 2023-24 Mutual Evaluation by the Financial Action Task Force (FATF). The evaluation by FATF highlights India's effective measures to combat money laundering (ML) and terrorist financing (TF), incl...

June 28, 2024 5:14 PM

Sensex, Nifty end lower as financials weigh

Indian benchmark indices retreated on Friday after reaching historic highs the previous day. The BSE Sensex dropped by 210 points, or 0.27 percent, settling at 79,032.73, while the Nifty 50 ended 35 points, or 0.15 percent, lower at 24,010. The Bank...

June 28, 2024 4:46 PM

German businesses see India as a stable place to invest, says envoy Ackermann

German businesses view India as a highly "stable place" to invest, according to Germany's ambassador Philipp Ackermann, who expects increased German investment in India once the India-EU Free Trade Agreement addresses existing tax and tariff "impedim...