DDIndia Business: Economic Headlines & Updates

Business

May 23, 2024 2:09 PM

“Reforms created robust financial system, every Indian can participate in stock market,” says PM Modi

Prime Minister Narendra Modi has asserted that the BJP is on track to form the government for a record third term and the victory of the party will also result in record numbers on the country's stock exchange market. "I can say with confidence that...

May 23, 2024 12:03 PM

RBI approves dividend of Rs 2.11 lakh crore to government for FY24

The Reserve Bank of India (RBI) board approved the transfer of Rs 2,10,874 crore as surplus to the Central Government for the accounting year 2023-24. The decision was taken at Apex Bank's 608th meeting of the Central Board of Directors....

May 22, 2024 5:25 PM

UAE honours Indian Embassy, Consulate at MoFA Excellence Awards

India's diplomatic missions in the UAE were recognized for their outstanding work at the 5th Minister of Foreign Affairs Excellence Awards ceremony held under the patronage of Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs of th...

May 22, 2024 4:17 PM

US announces details on higher China tariffs, some to start Aug. 1

The U.S. Trade Representative's office on Wednesday said some of the steep tariff increases on an array of Chinese imports including electric vehicle batteries, computer chips and medical products will take effect on August 1. President Joe Biden wi...

May 22, 2024 3:47 PM

Citing lack of stability, RBI cautions retail investors against investing in cryptocurrencies

The Reserve Bank of India (RBI) has urged retail investors to exercise caution while investing in cryptocurrencies, warning that the crypto ecosystem lacks accountability and stability and is marked by regulatory ambiguity. In its monthly bulletin r...

May 22, 2024 3:07 PM

Global stocks slip on inflation jitters

Share markets fell on Wednesday as stronger-than-expected inflation in Britain offset investor hopes that AI-heavyweight Nvidia could meet sky-high expectations, with the market also waiting for possible clues on when the U.S. Federal Reserve will be...

May 22, 2024 2:40 PM

Surname doesn’t matter in today’s India: PM Modi reaffirms commitment to providing right business environment for startups

Prime Minister Narendra Modi on Monday reaffirmed the government's commitment to providing a conducive environment for startups to flourish, asserting that in today's India, one's surname or family background does not matter as much as hard work and ...

May 22, 2024 12:14 PM

Nifty, Sensex open flat; DIIs sustain market momentum

Indian benchmark indices opened cautiously on Wednesday, with buying by Domestic Institutional Investors (DIIs) offsetting selling by Foreign Institutional Investors (FIIs). The Nifty 50 index rose by 20 points to reach 22,549.70 from the previous c...

May 22, 2024 11:08 AM

Paytm registers 25% growth in revenue at Rs 9,978 crore in 2023-24

Paytm, the leading fintech brand operated by One 97 Communications, has reported a 25% surge in revenue, reaching Rs 9,978 crore during the financial year 2023-24. The company attributed the growth to the increasing gross merchandise value (GMV), exp...

May 21, 2024 8:30 PM

BSE Market Cap Hits $5 Trillion Milestone

The market capitalisation of companies listed on the Bombay Stock Exchange (BSE) has reached a historic $5 trillion as of May 21, marking a fresh high. This achievement is attributed to the ongoing rally in the Indian stock markets, bolstered by firm...