DDIndia Business: Economic Headlines & Updates

Business

June 6, 2024 11:50 AM

Nvidia overtakes Apple as No. 2 most valuable company

Nvidia's rallied to record highs on Wednesday, with the artificial intelligence chipmaker's valuation breaching the $3 trillion mark and overtaking Apple to become the world's second most valuable company. Nvidia is preparing to split its stock ten-...

June 6, 2024 10:30 AM

Sensex, Nifty open higher as PM Modi gears up for third term

Indian benchmark indices opened higher on Thursday, buoyed by the BJP-led NDA's unanimous announcement that Prime Minister Narendra Modi will lead a new coalition government for a third consecutive term. The Sensex surged 378.59 points, opening at 7...

June 5, 2024 5:29 PM

DoT launches initiative to help MSMEs, startups embrace new technologies

The Department of Telecommunications (DoT) has launched a comprehensive survey to identify and address the challenges faced by Micro, Small, and Medium Enterprises (MSMEs) in adapting to new technologies. The survey aims to lay the groundwork for a ...

June 5, 2024 5:09 PM

Stock market revives and closes above Friday’s high

Indian stock markets experienced a significant surge of over 3 percent by the closing session on Wednesday, bouncing back from the losses incurred during the election results. The NSE Nifty 50 index soared by 3.36 percent, settling at 22,620.35, whi...

June 5, 2024 2:53 PM

Global stocks gain on rate-cut wagers as ECB meeting looms

World shares rose on Wednesday and the dollar steadied with a European Central Bank policy meeting coming into focus following soft U.S. labour market data that firmed up bets of a September rate cut by the Federal Reserve. Worries about a cooling U...

June 5, 2024 12:51 PM

In heated debate, Britain’s Sunak, Starmer go head-to-head on the economy

Prime Minister Rishi Sunak and Labour challenger Keir Starmer went head-to-head on Tuesday over how to boost Britain's economy, with the PM accusing the opposition party of wanting to increase taxes if it wins power at a July 4 election. Both Sunak,...

June 5, 2024 11:36 AM

India Makes Grand Impression at INDEX Dubai 2024

The 31st edition of INDEX Dubai, a leading international exhibition for interior design, kicked off at the Dubai World Trade Center. The India Pavilion, a highlight of the event, showcases a diverse range of products from Indian companies specializ...

June 5, 2024 10:23 AM

Sensex, Nifty rebound in early trade after posting worst losses in four years

Indian benchmark indices opened slightly positive on Wednesday after their worst performance in over four years in the previous session. The BJP's victory in the recent general elections, marking their third consecutive term, buoyed the markets. The...

June 5, 2024 9:54 AM

Asian stocks rise on rate-cut wagers; spotlight on India

Asian stocks rose on Wednesday, while the dollar was steady as a softening U.S. labour market firmed up bets of an interest rate cut in September from the Federal Reserve ahead of a crucial payrolls report this week. Investor worries of a cooling U....

June 4, 2024 5:10 PM

Sensex, Nifty plunge as BJP’s likely weaker win leads to policy worries

Indian stocks suffered their worst intraday fallsince March 2020 on Tuesday, as vote counting trends in the general election suggested Prime Minister Narendra Modi's alliance was unlikely to win the overwhelming majority predicted by exit polls. Wit...