DDIndia Business: Economic Headlines & Updates

Business

November 21, 2024 11:58 AM

Sensex, Nifty decline as selling pressure drags markets into red after positive start

India’s benchmark indices fell on Wednesday after a positive start, with selling pressure pushing the markets into negative territory. The Nifty 50 opened with a gain of 64.70 points (0.28%) at 23,518.50, while the BSE Sensex added 132.73 points (...

November 21, 2024 11:02 AM

Bitcoin breaks $96,000 for first time on optimism over Trump crypto plans

Bitcoin's march toward $100,000 made further ground on Thursday as investors bet a friendlier U.S. regulatory approach to cryptocurrencies under President-elect Donald Trump will unleash a boom era for the asset class. Bitcoin prices topped $96,000 ...

November 21, 2024 10:58 AM

Google must divest Chrome to restore competition in online search, DOJ says

Alphabet's Google must sell its Chrome browser, share data and search results with competitors and take a range of other measures to end its monopoly on searching the internet, U.S. prosecutors argued to a judge on Wednesday. Such changes would esse...

November 21, 2024 1:50 AM

President Irfaan Ali welcomes India’s commitment to Guyana’s sugar industry

Guyana’s President Irfaan Ali has expressed profound gratitude to Indian Prime Minister Narendra Modi for his visit, which marks a historic moment as the first Indian PM to visit the country in 56 years. During a press meeting, President Ali highli...

November 20, 2024 10:42 PM

Moody’s downgrades six Bangladeshi banks following sovereign rating cut

Global rating agency Moody's has revised its ratings for six Bangladeshi banks, citing concerns over the country's recent sovereign downgrade. The banks affected are BRAC Bank, City Bank, Dutch-Bangla Bank, Eastern Bank, Mercantile Bank and Premier B...

November 20, 2024 6:45 PM

APEDA showcases the best of India at the Organic and Natural Expo in Dubai

In a move to strengthen India’s foothold in the West Asian organic market, the Agricultural and Processed Food Products Export Development Authority (APEDA), under the Ministry of Commerce, Government of India, showcased a strong Indian presence at...

November 20, 2024 4:39 PM

UDAN scheme enhancing regional connectivity, making it accessible for millions: Centre

The UDAN scheme has fuelled the civil aviation sector, transforming air travel by enhancing regional connectivity and making it accessible for millions, the government said on Wednesday. On November 17, the domestic aviation sector reached a histori...

November 20, 2024 4:18 PM

Date for resuming India-UK free trade talks to be finalised soon: Commerce Ministry

The Commerce and Industry Ministry announced on Wednesday that the schedule for holding the India-UK free trade talks in early 2025 would be finalised through diplomatic channels “at an early date”. “Subsequent to the meeting between Prime Min...

November 20, 2024 1:44 PM

Share market closed for trading due to Maharashtra election

The Indian stock market was closed on Wednesday for the Maharashtra assembly elections. On Tueday, the Indian equity markets ended a seven-day losing streak, closing higher after a volatile session. The Nifty rose to 23,500, supported by buy...

November 19, 2024 4:27 PM

Indian stock indices stage a modest recovery after seven-day losing streak

Indian stock markets made a recovery on Tuesday, reversing the downward trend that had persisted for the past seven sessions. The Sensex gained 239.38 points, closing at 77,578.38, a rise of 0.31%. Similarly, the Nifty rose 64.70 points, settling at ...