DDIndia Business: Economic Headlines & Updates

Business

November 11, 2024 4:01 PM

India’s gaming sector to reach $9.2 billion by FY29, non-metro cities lead

India’s gaming sector is projected to grow to $9.2 billion by FY29 from the current $3.8 billion, according to a report on Monday. Female gamers now make up 44 per cent of the nation’s 591 million gaming population and 66 per cent of gamers were...

November 11, 2024 1:26 PM

Russian Business Centre to open in New Delhi

The Russian Embassy in India is set to inaugurate the Russian Business Center on November 12, an initiative led by the Business Council for Cooperation with India and Synergy Corporation, New Delhi. The Embassy highlighted that the main objectives of...

November 11, 2024 2:52 PM

Vistara makes its final flight ahead of merger with Air India, passengers share emotional farewells

As Vistara prepares to merge with Air India, passengers have taken to social media to reflect on their final flights with the airline, expressing nostalgia and gratitude for the service that made it one of India’s most beloved carriers. The airline...

November 11, 2024 1:12 PM

India-Russia trade to reach USD 100 billion by 2030, says EAM Jaishankar

India's External Affairs Minister Dr. S. Jaishankar on Monday projected that bilateral trade between India and Russia would surpass USD 100 billion by 2030, calling it a realistic and achievable goal. Speaking at the India-Russia Business Forum in M...

November 11, 2024 10:06 AM

Indian stock markets decline on earnings downgrades and foreign outflows

Indian stock markets continued their downward momentum on Monday as earnings downgrades and foreign fund outflows weighed on investor sentiment. The Nifty 50 index opened down by 60 points (0.25%) at 24,087.25, while the Sensex started the day with a...

November 11, 2024 10:01 AM

Asian stocks slide as China stimulus disappoints; bitcoin extends record rally

Hong Kong stocks led declines in Asia on Monday after Beijing's latest stimulus fell short of investor expectations, overshadowing Wall Street's record highs from Friday and futures pointing to further strength at the reopen. Bitcoin climbed to an a...

November 10, 2024 1:46 PM

Scheduled commercial banks, NBFCs to provide additional MSME credit of Rs 1.54 lakh cr: FM

The government has set a target for all scheduled commercial banks and Non-Banking Financial Companies (NBFCs) to provide additional MSME credit of Rs 1.54 lakh crore in the current financial year (FY25). Finance Minister Nirmala Sitharaman outlined...

November 10, 2024 11:50 AM

Russia’s Deputy Prime Minister Denis Manturov to visit India

Russia’s First Deputy Prime Minister Denis Manturov is set to arrive in India for a working visit focused on strengthening trade, economic, and cultural ties. Manturov’s visit will feature key engagements in Mumbai and New Delhi from November 11 ...

November 9, 2024 5:13 PM

Indian startups raise over $138 million this week

The Indian startup ecosystem raised over $138 million this week, encompassing three growth-stage fundings and 20 early-stage deals. At least 25 domestic startups raised a combined $138.7 million in funding, with fintech and deeptech startups leading...

November 9, 2024 2:57 PM

Apple plans 1st-ever research subsidiary in India amid diversification push

Strengthening its presence in India as part of a diversification effort away from China, Apple has established a new research and development (R&D) subsidiary in the country. The R&D facility will reportedly focus on research, design, testin...