DDIndia Business: Economic Headlines & Updates

Business

May 24, 2024 5:51 PM

Market fails to hold record high, ends flat amid volatility

In a rangebound trading session on May 24, India's benchmark indices reached fresh record highs, with the Nifty surpassing the 23,000 mark for the first time. Despite the early gains, the indices failed to maintain higher levels and ended the day wit...

May 24, 2024 3:56 PM

Varanasi’s wooden toy industry thrives with over Rs 40 crore annual turnover, Padma Shri awardee highlights significance

Varanasi's ancient wooden toy industry, once on the brink of collapse, is now witnessing a remarkable revival with an annual turnover of around Rs 45 crore. This thriving industry is not only providing employment opportunities for thousands of artisa...

May 24, 2024 3:03 PM

Global stocks slide as rate worries dent risk appetite

Global stocks slipped on Friday after robust U.S. and German economic data bolstered prospects of interest rates staying higher for longer on both sides of the Atlantic. MSCI's global share index, which recently hit intraday highs after a rush into ...

May 24, 2024 2:59 PM

OPEC+ to hold June 2 output policy meeting online

The OPEC+ group of oil producers, comprising the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, has pushed back its output policy meeting by a day to June 2 and will convene online. The meeting was to have been in...

May 24, 2024 2:42 PM

Google to manufacture Pixel Phones in Tamil Nadu, says CM MK Stalin

Tamil Nadu Chief Minister M.K. Stalin announced on Friday that Google will soon commence local production of its flagship Pixel smartphones in the state. The manufacturing facility will be set up near Chennai in collaboration with Foxconn, a leading ...

May 24, 2024 2:21 PM

Good governance necessary for restoring public trust in Bangladesh’s Banks: CPD

Public trust in the banking sector of Bangladesh has been eroded due to the continuous deterioration in its health and inadequate measures by policymakers, said Dr Fahmida Khatun, executive director of Center for Policy Dialogue (CPD). She pinpointed...

May 24, 2024 12:06 PM

India to get next-generation nuclear fuel: Russian Nuclear Agency chief

Russia has announced that it will supply next-generation nuclear fuel to its strategic partner this summer. The announcement was made by Alexey Likhachev, the head of Russia's state nuclear corporation Rosatom, during a visit by Ajit Kumar Mohanty, C...

May 24, 2024 10:53 AM

Nifty-Sensex continue to rally, election result uncertainty reducing rapidly

Indian indices Nifty and Sensex opened flat on Friday, near the record closing of the previous day. The Nifty Index opened at 22,930 points, very close to the 23,000 mark. The Sensex also sustained Thursday's rally and opened near 75,335, close to th...

May 23, 2024 7:34 PM

South Korea unveils $19 bln package to compete in global chip ‘warfare’

South Korea announced on Thursday (May 23) a 26 trillion won ($19 billion) support package for its chip businesses, citing a need to keep up in areas like chip design and contract manufacturing amid 'all-out warfare' in the global semiconductor...

May 23, 2024 5:06 PM

Sensex-Nifty touch all-time high as PM Modi predicts historic win for BJP alliance

The consistent bull run in Indian stock indices - Sensex and Nifty -- continued through Thursday, and touched fresh highs yet again, reacting to Prime Minister Narendra Modi's assertion that BJP-led alliance is on track to form the government for a r...