DDIndia Business: Economic Headlines & Updates

Business

November 8, 2024 11:06 AM

Sensex, Nifty slip amid continued FII outflows, global uncertainties

Indian stock markets opened lower on Friday as concerns over global uncertainties and ongoing foreign institutional investor (FII) outflows weighed on sentiment. Despite the US Federal Reserve's overnight interest rate cut of 25 basis points, invest...

November 8, 2024 10:19 AM

US Fed cuts interest rates by 25 points; Powell signals cautious path forward

The Federal Reserve cut interest rates by a quarter of a percentage point on Thursday as its policymakers began taking stock of what could become a more complex economic landscape when President-elect Donald Trump takes office next year. Fed Chair J...

November 7, 2024 5:40 PM

Domestic air passenger traffic in India sees 6.3% growth, reaches 138.5 lakh in October

Domestic air passenger traffic in India reached 138.5 lakh in October, marking a 6.3% rise compared to 130.3 lakh in the previous month, according to a report released on Thursday. Year-on-year, domestic air passenger traffic grew by 9.6% in October...

November 7, 2024 5:06 PM

Sensex declines amid weak market sentiment; Fed meeting in focus

The Indian stock market closed in the red on Thursday, with heavy selling across all sectors except PSU banks. The Sensex fell 836 points, or 1.04%, closing at 79,541.79, while the Nifty dropped by 284.70 points, or 1.16%, ending at 24,199.35. The b...

November 7, 2024 4:44 PM

Supreme Court overturns NCLAT order, Jet Airways to go into liquidation

The Supreme Court on Thursday ordered the liquidation of cash-strapped Jet Airways, saying that the resolution plan approved five years ago is no longer feasible for implementation. A bench comprising Chief Justice of India D.Y. Chandrachud, Justice...

November 7, 2024 4:51 PM

India better positioned than Asian peers on trade linkages with China: report

As global currencies weaken against the U.S. dollar following Donald Trump’s election victory, emerging markets (EMs) are bearing the brunt. However, India appears to be in a comparatively stronger position than many of its Asian peers, particularl...

November 7, 2024 3:37 PM

Food companies sell products that are less healthy in poorer countries, says report

The world’s biggest food and beverage companies on average sell products in low-income countries that are less healthy than what they sell in high-income countries, according to a new report. Products sold by companies including Nestle, Pepsico an...

November 7, 2024 10:51 AM

Sensex, Nifty open flat as investors await Fed rate decision

India's benchmark indices opened flat on Thursday, following a sharp rally in the previous session driven by Donald Trump’s victory in the U.S. presidential election. Investors adopted a cautious stance ahead of the U.S. Federal Reserve's interest ...

November 6, 2024 9:05 PM

Trump expected to shift course on antitrust, stop Google breakup

Donald Trump will likely dial back some of the antitrust policies pursued under the administration of President Joe Biden, potentially including a bid to break up Alphabet's Google over its dominance in online search, experts said. Trump is expected...

November 6, 2024 6:28 PM

India’s petrochemical sector to grow over three-fold to USD 1 trillion by 2040: Hardeep Puri

India’s petrochemical industry is projected to surge to USD 300 billion next year, with the potential to grow to a staggering USD 1 trillion by 2040, according to Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri. Highlighting the se...