DDIndia Business: Economic Headlines & Updates

Business

November 1, 2024 5:57 PM

Indonesia bans sales of Google phones days after blocking Apple’s iPhone 16

Indonesia said it has banned sales of smartphones made by Alphabet's Google due to rules requiring the use of locally manufactured components, days after blocking sales of tech giant Apple's iPhone 16 for the same reason. Indonesia blocked sales of ...

GST-Council-to-discuss-industry-demand-of-full-CGST

November 1, 2024 4:43 PM

GST collections in October increase by 9% to Rs 1.87 lakh crore

Goods and Services Tax (GST) collections in October totaled Rs 1.87 lakh crore, reflecting a yearly increase of 8.9 percent, according to data released by the finance ministry on Friday. In October 2023, the total collection amounted to Rs 1.72 lakh ...

November 1, 2024 12:27 PM

Bibek Debroy, economist and PM Modi’s economic council chief, dies at 69

Bibek Debroy, a prominent economist and author who served as the chairman of the Prime Minister’s Economic Advisory Council since 2017, passed away at the age of 69 on Friday. Prime Minister Narendra Modi expressed his condolences on Debroy’s pa...

November 1, 2024 10:19 AM

Commercial LPG cylinder prices hiked by Rs 62, domestic rates unchanged

Oil marketing companies (OMCs) have revised the cost of commercial LPG gas cylinders across the country following Diwali on Friday. The price of the widely used 19 kg commercial LPG cylinder has increased by Rs 62, bringing the new price in Delhi to ...

October 31, 2024 4:55 PM

Indian stocks continue to register losses; Sensex slips over 500 points

Indian stock markets ended on a subdued note Thursday, with indices slipping as foreign portfolio investors (FPIs) intensified their sell-off, and domestic earnings for the July-September quarter fell short of expectations. The Sensex closed down by ...

October 31, 2024 10:26 AM

Nifty and Sensex remain flat amid Mahurat session

Indian markets opened largely flat this Diwali, with no major shifts to mark the festive trading day. During the Mahurat trading session on Friday, both the Nifty and Sensex indices showed minor declines, struggling amid a tug-of-war between bullish ...

October 30, 2024 11:27 PM

“Important thing is how to resolve differences”: Chinese envoy on India-China relations

Chinese Ambassador to India, Xu Feihong, emphasized on Wednesday that while differences between India and China are natural given their proximity, the key lies in managing and resolving these disagreements effectively. Speaking at an event hosted by...

October 30, 2024 6:12 PM

Commerce minister leads high-stakes business discussions in Saudi Arabia, inaugurates Diwali

Commerce Minister of India Piyush Goyal embarked on a comprehensive diplomatic mission in Riyadh on Wednesday, marking significant strides in Indo-Saudi relations through a series of high-level meetings and cultural engagements. The day commenced wi...

October 30, 2024 3:21 PM

India-Saudi Arabia Economic and Commercial Relations: An Overview

Union Commerce and Industry Minister Piyush Goyal is on a two-day visit to Saudi Arabia from October 29 to 30. This visit underscores the significant advancements in Indo-Saudi relations, a partnership that is not only rich in history but also holds ...

October 30, 2024 12:01 PM

RBI increases gold reserves to 855 metric tonnes; forex reserves cover 11.2 months of imports

India's total gold reserves held by the Reserve Bank of India (RBI) amount to 854.73 metric tonnes, according to the central bank's latest report. Released on Tuesday, the report indicates that a significant portion of these reserves, 510.46 metric ...