DDIndia Business: Economic Headlines & Updates

Business

June 4, 2024 9:56 AM

Sensex, Nifty fall 2% as Lok Sabha vote counting begins

The BSE Sensex and Nifty fell on Tuesday after a sharp rally in the previous session as early vote-counting trends showed the Bharatiya Janata Party-led NDA alliance leading in over 272 seats, but the extent of the victory was unclear. The Nifty 50 ...

June 4, 2024 8:04 AM

FSSAI issues directive mandating all FBOs to remove any claim of 100% fruit juices from labels

The Food Safety and Standards Authority of India (FSSAI) has issued a directive mandating all Food Business Operators (FBOs) to remove any claim of 100 percent fruit juices from the labels and advertisements of reconstituted fruit juices with an imme...

June 3, 2024 5:16 PM

Sensex, Nifty close at record highs as exit polls predict big win for NDA

Indian benchmark indices closed at record highs on Monday, driven by fresh buying from investors after exit polls indicated a comfortable majority for the NDA government. The Nifty 50 index jumped by 733.20 points, ending at 23,263.90, while the BSE...

June 3, 2024 4:30 PM

OPEC+ extends oil output cuts into 2025

OPEC+ agreed on Sunday to extend most of its deep oil output cuts well into 2025 as the group seeks to shore up the market amid tepid demand growth, high interest rates and rising rival U.S. production. Brent crude oil prices have been trading near ...

June 3, 2024 4:24 PM

Global markets-European shares rally, eyeing ECB rates move

European stocks bounced and government bond yields dropped on Monday as investors looked forward to an interest rate cut from the European Central Bank (ECB), while U.S. jobs data kept the focus squarely on inflation. The pan-European STOXX was up 0...

June 3, 2024 3:08 PM

US, Indo-Pacific partners holding talks in Singapore on clean energy

The U.S.-led Indo-Pacific Economic Framework is holding a ministerial meeting this week in Singapore, including major firms joining a "Clean Economy" investor forum to boost infrastructure and climate investments across the region. It marks the ...

June 3, 2024 2:55 PM

European Union maintains ban on Pakistani air carriers after safety review

The European Union (EU) has reaffirmed its decision to maintain the ban on Pakistani air carriers, including the flagship Pakistan International Airlines (PIA), following a comprehensive safety review. This decision follows an extensive assessment b...

June 3, 2024 11:01 AM

Asia shares rally on promise of rate relief, factory pick up

Asian share markets rallied on Monday as investors looked forward to a rate cut in Europe, and quite possibly Canada, as the next step in global policy easing, though sticky inflation threatens to make the process a drawn out affair. There was also ...

June 3, 2024 11:13 AM

Sensex, Nifty hit record highs on expectation of Modi 3.0

The stock market opened with an unprecedented uptick on Monday, reaching an all-time high after exit polls forecast a decisive victory for the BJP-led NDA coalition, sparking widespread investor optimism. The Sensex surged by 1859.88 points, opening ...