DDIndia Business: Economic Headlines & Updates

Business

December 30, 2024 3:40 PM

India’s smartphone market reaches record high in Q3 2024, driven by 5G models

India’s smartphone market hit a new milestone in Q3 2024, registering a 3% year-on-year growth in volume and a remarkable 12% increase in value, according to Counterpoint’s monthly India Smartphone Tracker. 5G smartphones dominated the market, a...

December 30, 2024 3:34 PM

Mixed Fortunes for Commodities in 2025: Gold Bull Run to continue amidst energy and agricultural volatility

The gold market thrived throughout 2024, delivering substantial gains for investors in the yellow metal. It is anticipated that this precious metal will continue to shine as we move into the new year. Publicly available data shows that gold yielded ...

December 30, 2024 3:05 PM

Budget 2025-26: Assocham seeks greater ease of doing business, enhanced credit flow for MSMEs

To boost micro, small, and medium enterprises (MSMEs) and improve ease of doing business, Assocham has proposed the creation of integrated infrastructure townships and universities dedicated to skill development and entrepreneurship. The aim is to en...

December 30, 2024 11:28 AM

India’s BoP strengthened by robust inflows from NRI deposits, external commercial borrowing in the quarter: report

India’s Balance of Payments (BoP) witnessed a significant boost in the second quarter of FY25, driven by robust inflows from Non-Resident Indian (NRI) deposits, External Commercial Borrowings (ECBs), and Foreign Portfolio Investments (FPIs), accord...

December 30, 2024 11:20 AM

Sensex, Nifty open lower amid weak investor sentiment

India's benchmark indices opened in the red on Monday, as investor sentiment remained subdued, leading to broad-based selling across sectors including auto, IT, PSU banks, financial services, FMCG, media, energy, and metals in early trade. The Sense...

December 29, 2024 1:31 PM

India-Australia trade surges to USD 26 billion, reflecting successful agreement

The India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA) has completed two years, marking a significant milestone in bilateral trade relations and fostering mutual growth. Since its signing, the agreement has not only strengthened ...

December 28, 2024 4:04 PM

Pralhad Joshi orders probe into price discrepancy between iOS and Android devices on ride-hailing apps

Union Minister of Consumer Affairs Pralhad Joshi has reiterated a "zero tolerance for consumer exploitation" in response to reports of price differentiation between iPhone and Android users on ride-hailing apps. Responding to a media report alleging...

December 27, 2024 5:27 PM

Share market ends in green, Sensex closes at 78,699

The Indian stock market concluded Friday's session with gains across multiple sectors. Pharma, auto, IT, financial services, FMCG, media, and private banks on Nifty saw active buying, boosting the overall sentiment. The Sensex rose by 226.59 points,...

December 27, 2024 2:57 PM

Osamu Suzuki, who led Japanese automaker into India, dies at 94

Osamu Suzuki, an ingenious pennypincher who led Japan's Suzuki Motor for more than four decades and played a key role in turning India into a flourishing auto market, has died aged 94. He died on Christmas Day of lymphoma, said the company, which he...