DDIndia Business: Economic Headlines & Updates

Business

November 5, 2024 2:18 PM

Union Minister Puri predicts stable oil prices in India, calls for producer-consumer dialogue

Oil prices in India are expected to remain stable amid the rising geopolitical tensions as the country has several options to buy crude oil, said Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, on Tuesday. Addressing concerns over ...

November 5, 2024 10:51 AM

Sensex, Nifty open lower amid U.S. election uncertainty

India’s benchmark indices opened in the red on Tuesday as the too-close-to-call U.S. presidential election kept investors on edge. Foreign investor outflows further weighed on the markets. The BSE Sensex dropped 240 points, or 0.13%, to 78,542.16,...

November 4, 2024 5:14 PM

Reliance Jio IPO expected to launch in Indian stock market by 2025: report

Mukesh Ambani, Chairman and Managing Director of Reliance Industries, is reportedly aiming to list the group's telecom business, Jio, in the Indian stock market next year. According to a report by Reuters, which cites two informed sources, Jio is cur...

November 4, 2024 5:01 PM

Sensex drops nearly 1,000 points amid volatility as U.S. election weighs on investor sentiment

India’s benchmark indices tumbled on Monday, with the Sensex shedding 941.88 points, or 1.18% to close at 78,782.24, while the Nifty dropped 309.13 points, or 1.27%, to 23,995.35. The session was marked by high volatility, as the Sensex briefly pl...

November 4, 2024 4:26 PM

Jaishankar inaugurates new Indian consulate in Brisbane, highlights strengthening India-Australia ties

India’s External Affairs Minister, S. Jaishankar, highlighted the deepening bilateral ties between India and Australia during the inauguration of a new Indian consulate in Brisbane on Monday. He described the opening as a "landmark moment" in the e...

November 4, 2024 1:33 PM

Sensex crashes 1350 points, Nifty tanks by 1.83 %; US election adds fuel to FII selling

Indian stock markets faced yet another challenging session on Monday, as the BSE Sensex plunged by 1,350 points, or 1.69%, and the Nifty index dropped 445 points, or 1.83%, breaking below the 24,000 mark. As of midday, the Sensex hovered below 79,000...

November 4, 2024 12:38 PM

India’s manufacturing surge continues in October, PMI hits 57.5 amid strong demand

India's manufacturing sector showed promising signs of growth in October, with the HSBC India Manufacturing Purchasing Managers' Index (PMI) climbing from September's 56.5 to 57.5. This upward trend represents the strongest performance recorded since...

November 3, 2024 6:29 PM

Foreign investors sold over Rs 94,000 crore worth Indian stocks in October

Foreign portfolio investors (FPIs) sold stocks worth Rs 94,017 crore in India through October, suppressing the stock market's overall performance. In the process, they became net sellers in India, after having remained buyers for four months. Import...

November 2, 2024 7:49 PM

India’s 7pc+ FY25 growth target relies on robust investment, inflation control: EY report

Optimistic GDP growth projections for FY25 depend on strong government investment and effective inflation control for India to reach over 7 per cent growth, according to Ernst & Young (EY) report. Recent reports indicate a mixed outlook, with ...

November 1, 2024 8:55 PM

India’s October coal production surges to 84.5 million tonnes

India’s coal production reached a total of 84.45 million tonnes in October, a 7.48 percent increase from the 78.57 million tonnes produced in the same month last year, according to the Ministry of Coal. Captive and other entities also demonstrated...