DDIndia Business: Economic Headlines & Updates

Business

December 31, 2024 5:30 PM

Stock market ends year near flatline as Nifty stays above 23,650

The Indian equity benchmarks, BSE Sensex and NSE Nifty 50, concluded the final trading session of 2024 near the flatline, following a day of recovery from intra-day lows. Losses in IT and select banking stocks weighed heavily, though gains in other s...

December 31, 2024 4:54 PM

Global stocks and dollar end 2024 steady, 2025 all about Trump

World stocks held steady on Tuesday in cautious year-end trading that has seen investors bracing for the incoming Donald Trump administration by scaling back bets on deep U.S. interest rate cuts in 2025, helping the dollar stand tall against most oth...

December 31, 2024 5:02 PM

Year-End Review: India advances in future-ready technologies across sectors

India has emerged as a global powerhouse in the manufacturing sector, making remarkable strides in futuristic technologies across industries ranging from electronics to steel. The year 2024 saw the country solidify its position on the world stage, be...

December 31, 2024 4:26 PM

Year Ender: 2024 marked a year of ‘firsts’ for India on the global stage

The year 2024 has been a landmark period for India, marked by groundbreaking achievements and a series of "firsts" that underscore the nation's growing global stature. These milestones reflect India's commitment to innovation, inclusivity, and leader...

December 31, 2024 1:32 PM

India targets $1 billion banana exports as sea route trial proves successful

India has achieved a tenfold increase in banana exports over the past decade and aims to reach $1 billion in exports within the next five years, according to the Agricultural and Processed Food Products Export Development Authority (APEDA). The surg...

December 31, 2024 1:10 PM

Gross NPA ratio of India’s banks falls to 12-year low of 2.6%

India’s banking sector has witnessed continued improvement in asset quality, with the gross non-performing assets (GNPA) ratio dropping to 2.6% of total advances in September 2024, marking the lowest level in the past 12 years, according to the Res...

December 31, 2024 12:42 PM

India’s out-of-home coffee market projected to reach up to $3.2 billion by 2028

As coffee gains popularity among urban consumers in a traditionally tea-loving nation, India’s out-of-home coffee market is expected to grow at a compound annual growth rate (CAGR) of 15-20 percent, reaching $2.6-$3.2 billion by 2028, according to ...

December 31, 2024 12:20 PM

India’s current account deficit to stay at 1% of GDP for FY2025: CRISIL report

India's current account deficit (CAD) is projected to remain at a safe 1% of GDP for fiscal year 2025, rising from 0.7% in the previous year, according to a report by CRISIL. While geopolitical risks may pose challenges, strong financial inflows and ...

December 31, 2024 10:51 AM

Indian shares open lower amid global weakness and valuation concerns

Domestic benchmark indices opened lower on Tuesday with selling pressure in IT, realty, auto, financial services, FMCG, media, and private bank sectors on the Nifty. At approximately 9:25 am, the Sensex was down 434.64 points (0.56%) at 77,813.49, w...

December 30, 2024 7:24 PM

India’s economy, banks in robust health: RBI

The Indian economy and the domestic financial system are underpinned by strong macroeconomic fundamentals, healthy balance sheets of banks and non-banks with returns on assets at decadal highs, according to the RBI financial stability report released...