DDIndia Business: Economic Headlines & Updates

Business

October 23, 2024 12:15 PM

UAE retail giant Lulu announces $1.8 billion IPO on Abu Dhabi Exchange

Lulu Retail Holdings, the largest pan-GCC retailer, announced plans to list 25% of its shares on the Abu Dhabi Securities Exchange (ADX), in what is set to be one of the region’s most significant retail sector IPOs. The company will offer 2.58 bil...

October 23, 2024 11:45 AM

IMF retains India’s GDP growth at 7%, warns of new global risks

The International Monetary Fund (IMF) on Tuesday maintained its projection for India’s GDP growth at 7% for the current fiscal year ending March 31, 2025. The latest estimates, published in the IMF’s World Economic Outlook (WEO), also forecast In...

October 22, 2024 8:37 PM

PM Modi receives a warm welcome from Indian diaspora in Russia

Prime Minister Narendra Modi was greeted with an enthusiastic reception by members of the Indian diaspora and Russian citizens upon his arrival in Kazan. Crowds gathered to welcome the Prime Minister, singing Hindi songs and chanting patriotic slogan...

October 22, 2024 6:13 PM

India’s economy set to grow at 7-7.2% in FY25 despite temporary slowdown: Deloitte report

India's economic growth is projected to reach between 7.0% and 7.2% in the fiscal year 2024-25, according to Deloitte India’s latest Economic Outlook. This positive forecast comes despite a recent slowdown, with GDP expanding by 6.7% year-on-year i...

October 22, 2024 5:27 PM

Nifty at over 2-month low, Sensex drops 931 points amid broad-based sell-off

Indian equity markets faced heavy selling pressure on Tuesday, as weak global cues and sectoral underperformance weighed down the benchmark indices. The Nifty dropped below the 24,500 mark, reaching its lowest level in more than two months. Sens...

October 22, 2024 5:14 PM

Hyundai Motor India drops 7% on debut after country’s biggest IPO

Hyundai Motor India shares fell 7.2% on their market debut on Tuesday after retail investors gave a lukewarm reception to the country's biggest ever initial public offering (IPO) amid concerns about a lofty valuation and an auto industry slowdown. �...

October 22, 2024 11:48 AM

Sensex, Nifty open flat amid weak global sentiment

The stock market opened on a subdued note on Tuesday, reflecting weak global sentiment and carrying forward the impact of Monday's drop. The benchmark indices saw a marginal rise at the opening, with the Sensex gaining 183.87 points to start at 81,3...

October 21, 2024 11:41 PM

Nepal’s state media expands news services with Maithili, Awadhi, Bhojpuri, and Tharu editions

The State News Agency, RSS, launched news services in Maithili, Awadhi, Bhojpuri, and Tharu languages, while the state-run Nepali newspaper Gorkhapatra introduced a Ranatharu-language page. Minister for Communications and Information Technology, Pri...

October 21, 2024 8:59 PM

Bhutan PM and Union Minister Puri promote green mobility with hydrogen-powered bus ride in Delhi

Union Minister Hardeep Singh Puri and Bhutan Prime Minister Tshering Tobgay took a ride on a hydrogen-powered bus in the national capital. The event underscores a shared commitment to green energy initiatives between India and Bhutan. Prime Minister...

October 21, 2024 5:21 PM

Sensex, Nifty end lower amid profit booking

India's benchmark indices declined on Monday as investors engaged in profit booking. The Sensex fell by 73.48 points, closing at 81,151.27, while the Nifty dropped 72.95 points to settle at 24,781.10. Of the companies listed on the Nifty, only 12 re...