DDIndia Business: Economic Headlines & Updates

Business

June 7, 2024 12:22 PM

India third-largest gold buyer in May, after Switzerland and China: WGC

The global gold market experienced a turnaround in May, ending a 12-month slump for gold exchange-traded funds (ETFs) with a resurgence in inflows. This positive momentum was driven by strong demand in Europe and Asia, despite minor outflows in North...

June 7, 2024 11:21 AM

RBI keeps repo rate unchanged at 6.5%, ups FY25 GDP forecast to 7.2%

The Reserve Bank of India (RBI) kept the repo rate unchanged at 6.5 percent for the eighth consecutive time on Friday, aiming to bring inflation down to its medium-term target of 4%. The Monetary Policy Committee (MPC), in a majority decision with fo...

June 7, 2024 10:17 AM

Sensex, Nifty up ahead of RBI policy decision

The stock market kicked off the trading day on a positive note, witnessing a surge in both the Sensex and Nifty indices at the opening bell ahead of RBI monetary policy on Friday. The benchmark BSE Sensex opened higher by 81.57 points, reaching 75,1...

June 6, 2024 6:51 PM

Nifty, Sensex rebound as investors await govt formation

Indian markets continue to recover from the losses of election results day. The Nifty 50 index surged 201 points, or 0.89 percent, to 22,821.40, while the BSE Sensex climbed 692 points to 75,074, reflecting a 0.93 percent gain. In the sectoral indic...

June 6, 2024 5:33 PM

Moody’s bullish on India’s power sector growth amid investor concerns under Modi 3.0

Global rating agency Moody's has expressed strong confidence in the growth trajectory of India's power sector despite the weak mandate for Prime Minister Narendra Modi's BJP, which could hinder sectoral reforms. Moody's highlighted that investments ...

June 6, 2024 4:59 PM

Brain Infinity supercharges brain training with $100,000 seed funding from VIDEOO LLC

Brain Infinity is thrilled to announce a significant seed-funding investment of $100,000 from VIDEOO LLC, a video technology leader and leading US innovator in video technologies. Terming it a financial boost for the company, Brain Infinity has said ...

June 6, 2024 4:06 PM

Netherlands launch four-day European Union elections across 27 nations

The Netherlands initiated voting Thursday in the European Union's parliamentary elections, setting the stage for a crucial democratic exercise expected to highlight the rise of far-right parties across the 27-nation bloc. Polling stations opened acr...

June 6, 2024 2:32 PM

Indian toy industry makes a strong push into the UAE market

The Toy Association of India (TAI) has brought a delegation to the UAE, consisting of members from across India, including manufacturers, importers, exporters, retailers, and toy testing lab designers. This diverse group of professionals aims to prom...

June 6, 2024 1:36 PM

Russian central bank urges global integration despite sanctions

Despite Western sanctions, Russia must be integrated in the global economy with countries that are prepared to work with it, central bank Governor Elvira Nabiullina said at Russia's flagship annual economic forum in St Petersburg on Thursday. The ev...

June 6, 2024 11:57 AM

Fitch maintains India’s rating at BBB-Stable, as coalition govt takes shape at centre

Fitch Ratings has maintained its assessment of India's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' with a Stable Outlook, despite the coalition government following the recent election results. The affirmation of India's rating ...