DDIndia Business: Economic Headlines & Updates

Business

June 24, 2024 5:01 PM

Apple charged with breaching EU tech rules, faces another probe

European Union antitrust regulators charged on Monday that Apple breached the bloc's tech rules, a charge that could result in a hefty fine for the iPhone maker which also faces another investigation into new fees imposed on app developers. The Euro...

June 24, 2024 3:02 PM

Indian passenger vehicle industry anticipated to grow moderately by 3-5% in FY25

The Indian passenger vehicle (PV) industry is poised for moderate growth in the fiscal year 2025, with sales volumes expected to expand by 3-5%, according to a recent report by CareEdge. This forecast follows a 7.4% increase in FY24, marking a notice...

June 24, 2024 2:44 PM

EU adopts new sanctions against Russia, including LNG

European Union countries adopted a 14th package of sanctions on Russia that aims to close some circumvention loopholes and hits Russia's gas exports for the first time, EU foreign affairs ministers said in a statement on Monday. Western powers impos...

June 24, 2024 11:03 AM

Asia shares slip as inflation, politics call for caution

Asia shares slipped on Monday in a countdown for U.S. price data that investors are banking on to show a renewed moderation in inflation, while markets were on alert for possible Japanese intervention as the dollar tested the 160 yen barrier. Geopol...

June 24, 2024 10:39 AM

BIS introduced new safety standards for EVs in India

The Bureau of Indian Standards (BIS) introduced two new guidelines aimed at enhancing the safety of electric vehicles in the L, M, and N categories. L refers to two-wheelers, while the M and N categories correspond to four-wheelers and goods truck...

June 24, 2024 10:33 AM

Stock markets begin week on a cautious note with key indices slipping into red

The stock market began the week on a subdued note as key indices opened lower on Monday. The BSE Sensex fell by 346.25 points, opening at 76,863.65, reflecting a 0.45 per cent decline. Meanwhile, the NSE Nifty 50 dropped by 99.75 points to 23,401.35,...

June 23, 2024 1:55 PM

GST exemption granted to platform tickets and essential railway services

Finance Minister Nirmala Sitharaman announced that the next meeting of the Goods and Services Tax (GST) Council is tentatively scheduled for mid to late August. GST Council proposes exemption for specific services offered by Indian Railways to th...

June 22, 2024 9:34 PM

FM Sitharaman chairs pre-budget meeting with finance ministers of states, UTs; GST Council to meet later today

Union Finance Minister Nirmala Sitharaman on Saturday morning chaired a pre-budget meeting with Finance Ministers of all States and Union Territories. The Pre-Budget Meeting is organized by the Ministry of Finance and Corporate Affairs with Finance M...

June 21, 2024 5:37 PM

Sensex, Nifty end lower on profit booking

Indian benchmark indices experienced high volatility as investors booked profits on the last trading session of the week. Both Nifty and Sensex closed with marginal declines. The Nifty 50 index, which touched a new high early in the session, closed ...

June 21, 2024 3:04 PM

China threatens death penalty for ‘diehard’ Taiwan separatists

China on Friday threatened to impose the death penalty in extreme cases for "diehard" Taiwan independence separatists, a ratcheting up of pressure even though Chinese courts have no jurisdiction on the democratically governed island. China, which vi...