DDIndia Business: Economic Headlines & Updates

Business

May 21, 2024 6:08 PM

Indian Exporters Showcase Sustainable Fashion at Dubai’s IATF

-Vinod Kumar Over 35 Indian apparel exporters, primarily from the MSME segment, are participating in the 17th edition of the International Apparel and Textile Fair (IATF) in Dubai to showcase their sustainable and eco-friendly apparel products. ...

May 21, 2024 1:35 PM

ONGC reports highest-ever standalone profit in FY24

ONGC reported its highest-ever standalone net profit of Rs 40,526 crore in FY24 on Monday. In a stock exchange filing, ONGC announced that its consolidated net profit for FY24 reached an all-time high of Rs 57,101 crore, positioning itself as a fron...

May 21, 2024 10:56 AM

Global stocks inch lower, dollar firm as Fed focus intensifies; crypto soars

Asian stocks drifted lower while the dollar held firm on Tuesday as investors awaited minutes of the Federal Reserve's latest policy meeting to gauge the timing and extent of possible interest rate cuts this year. Japan's tech-heavy Nikkei edged hig...

May 21, 2024 10:55 AM

Nifty, Sensex open flat; experts predict gains ahead of poll results

Indian benchmark indices began Tuesday's trading session flat amid mixed global cues. The Nifty 50 index was at 22,458 after losing 40 points, while the Sensex shed 206 points to 73,801 at the time of this report. In the Nifty 50 index, 20 stocks op...

May 20, 2024 11:55 PM

Global Markets Gain with U.S. Stocks; Commodities Surge to Record Levels

U.S. stocks followed the example of their European counterparts, gaining ground on Monday while gold and copper touched all-time highs powered by investor optimism over cooling inflation and easing central bank policy. All three major U.S. stock ind...

May 20, 2024 1:47 PM

India held two-day “Chintan Shivir” to formulate strategy and SOPs for FTAs

The commerce ministry had organised a two-day "Chintan Shivir" for formulating strategies and standard operating procedures for free trade agreements. The Shivir organised on May 16-17, was attended by senior government officials of different departm...

May 20, 2024 12:41 PM

Global stocks, metals surge as rate cut expectations firm

Asian shares hit two-year highs while copper and gold struck records on Monday as investors wagered on interest rate cuts around the corner and China stepping up efforts to steady its ailing property sector. Brent crude futures rose to a one-week hi...

May 19, 2024 7:53 PM

FSSAI warns fruit traders against using of calcium carbide for ripening

The Food Safety and Standards Authority of India (FSSAI) has issued a stern reminder to fruit traders, handlers, and Food Business Operators (FBOs) managing ripening chambers to adhere strictly to the prohibition of using calcium carbide for artifici...

May 19, 2024 9:08 PM

Lok Sabha elections 2024: Stock market closed on May 20 for Mumbai polling day

The stock market will remain closed on Monday due to the Lok Sabha elections in Mumbai, with normal trading set to resume on Tuesday. The next holiday is scheduled for June 17, in observance of Bakrid. Stock exchanges on Saturday held a special trad...

May 19, 2024 7:51 PM

India’s foreign exchange reserves surged by $2.56 billion to $644.15 billion: RBI report

India’s foreign exchange reserves surged for the second straight week, by USD 2.561 billion to USD 644.151 billion in the week that ended on May 10, according to data shared by the Reserve Bank of India (RBI). This uptick follows a period of three...