DDIndia Business: Economic Headlines & Updates

Business

June 12, 2024 2:53 PM

Week long Eid holidays in Bangladesh will impact trade and train service with India

A week-long Eid-ul-Adha holiday in Bangladesh will impact trade and train services between India and Bangladesh. Trade activities between Bangladesh and India through the Hili land port will remain closed for eight days from June 14 to June 21 for th...

June 12, 2024 11:32 AM

Indian stocks trade firm ahead of May inflation data release

Indian stock indices kicked off Wednesday's trading session on a positive note, with the Sensex and Nifty both up 0.3% and hovering just below their all-time highs. The bullish trend comes ahead of the highly anticipated release of India's May inflat...

June 12, 2024 10:17 AM

World Bank raises GDP projection, says India to keep its fastest-growing economy tag

The World Bank has upwardly revised India's GDP growth forecast for the current financial year 2024-25 by 20 basis points to 6.6 per cent from its earlier projection of 6.4 per cent made in January. The World Bank said that India will continue to be...

June 11, 2024 6:11 PM

Sensex, Nifty close flat amid volatility: Construction, automobile, and PSU banks outperform

The stock market closed flat on Tuesday amid volatility, with Sensex ending 33.48 points lower at 76,456.59 and Nifty inching up by 5.65 points to close at 23,264.85. Despite the overall tepid performance, the Construction, Automobile, and Public Sec...

June 11, 2024 3:33 PM

PM Modi receives congratulatory call from Emir of Qatar; both leaders reaffirm commitment to further strengthen ties

Prime Minister Narendra Modi and the Emir of Qatar, Sheikh Tamim Bin Hamad Al Thani, held a telephonic conversation on Tuesday, during which they reaffirmed their commitment to further strengthening ties between the two countries. According to a sta...

June 11, 2024 11:55 AM

Ashwini Vaishnaw takes charge as Minister of Railways for second term

Ashwini Vaishnaw took charge of the Railway Ministry for a second term on Tuesday. In addition to the Railways portfolio, Vaishnaw has been allotted two other charges: Minister of Information and Broadcasting, and Minister of Electronics and Informa...

June 11, 2024 10:34 AM

Sensex, Nifty steady ahead of Fed decision, CPI data

The BSE Sensex and Nifty 50 were trading steady on Tuesday after a decline on Monday, pulling back from record highs reached during the day. As of 10:20 AM, the Sensex was up 0.20% at 76,644.79, while the Nifty gained 0.26% at 23,319. Market partic...

June 11, 2024 9:10 AM

Centre releases over Rs 1.39 lakh crore in tax devolution to support state finances & development

The Centre has announced the release of a significant installment of one crore thirty-nine thousand 750 crore rupees in tax devolution to states. The Finance Ministry said yesterday that the release, which includes both the regular allocation for...

June 11, 2024 8:40 AM

BRICS calls for enhanced use of local currencies in trade between member countries

The BRICS ministers of Foreign Affairs met in Russia's Nizhny Novgorod on Monday and held a plethora of discussions, including an important one on the enhanced use of local currencies in trade and financial transactions between the BRICS countries. A...

June 10, 2024 5:14 PM

Industry upbeat on Modi 3.0: CII, FICCI, Assocham expects reforms to continue

As Prime Minister Narendra Modi begins his third consecutive term in office, industry leaders have voiced their confidence in the government’s capacity to advance economic reforms and sustain the nation’s growth momentum. Experts emphasize that t...