DDIndia Business: Economic Headlines & Updates

Business

November 6, 2024 5:20 PM

How Trump’s second administration affects business: Musk, tariffs and more

Donald Trump's return to the White House after winning the Nov. 5 U.S. presidential election may reshape American business. Much depends on whom he appoints as deputies and cabinet members, including the role of Tesla CEO Elon Musk, and what tariffs ...

November 6, 2024 5:00 PM

Sensex, Nifty surge as global markets react to Trump’s projected win

India’s benchmark indices surged on Wednesday, buoyed by the projected victory of former U.S. President Donald Trump in the 2024 U.S. presidential election, which sparked a wave of optimism among global investors. The BSE Sensex climbed 901.50 poi...

November 6, 2024 3:50 PM

EAM Jaishankar meets Australian PM Albanese, praises strengthening India-Australia partnership

External Affairs Minister (EAM) S. Jaishankar met with Australian Prime Minister Anthony Albanese in Canberra on Wednesday, expressing appreciation for the expanding India-Australia Comprehensive Strategic Partnership. During their discussion, Jaisha...

November 6, 2024 3:25 PM

Auto sales up 32% amid festive demand in October: FADA

India’s auto market saw a 32% year-on-year growth across all vehicle categories in October, as reported by the Federation of Automobile Dealers Associations (FADA) on Wednesday. The two-wheeler segment led the charge with a 36% YoY increase in sal...

November 6, 2024 3:10 PM

India’s Services Index surges to 58.5 in October, employment growth hits 26-month high

India’s services sector witnessed a robust performance in October, with the Services PMI index climbing to 58.5, up from a ten-month low of 57.7 in September, according to HSBC India Service PMI compiled by S&P Global. This marks a sharp accele...

November 6, 2024 12:58 PM

Commodities under pressure on likely Trump win in US presidential race

Commodities, from oil to metals and grains, slid on Wednesday as the dollar strengthened, with investors increasingly pricing in a Donald Trump victory in the U.S. presidential election. Trump has secured the 270 electoral votes needed to claim vict...

November 6, 2024 11:36 AM

Nifty, Sensex open higher as U.S. election vote count drives investor sentiment

India’s benchmark indices rose on Wednesday as investors monitored the U.S. presidential election results, with Republican Donald Trump initially leading against Democrat Kamala Harris. The Nifty index gained 95 points, or 0.39%, to open at 24,308...

November 6, 2024 11:07 AM

Bitcoin leaps to record high as traders lean towards Trump victory

Bitcoin surged to a record high in Asian trade as investors leaned towards Donald Trump winning the U.S. presidential election. The world's biggest cryptocurrency rose 7% to $75,060, topping March's peak, with the prospect of Trump's return to the W...

November 5, 2024 5:33 PM

Sensex, Nifty rebound; investors eye US elections

The Indian stock market gained on Tuesday after witnessing significant volatility during the trading session. The Sensex rose by 694.39 points, or 0.88% to end at 79,476.63 points, while Nifty 50 index gained 217.95 points, or 0.91% to close at 24,21...

November 5, 2024 3:49 PM

Trump’s return may prompt larger Chinese stimulus amid escalating trade war threat: Report

As the U.S. presidential election gets underway, the potential re-election of Donald Trump could have a significant impact on China’s economic policies, particularly in the realm of trade. A recent report by Barclays suggests that a Trump return t...