DDIndia Business: Economic Headlines & Updates

Business

May 18, 2024 4:38 PM

By 2027, we will overtake Germany & Japan, says Amitabh Kant at CII Annual Business Summit 2024

G20 India Sherpa Amitabh Kant has said that because India has carried huge amount of structural reforms, it has moved from fragile 5 to top 5 and has grown at about 8.4% in the last 3 quarters. “By 2027, we will overtake Germany & Japan. Analys...

May 17, 2024 9:14 PM

India’s exports grow in April despite global disruptions

India's trade deficit is facing limited immediate challenges from ongoing geopolitical uncertainties, although it remains a crucial area to monitor, according to a recent Crisil report on India's trade deficit. Despite these potential disruptions, th...

May 17, 2024 7:59 PM

UN boosts India’s 2024 growth forecast citing strong investment, consumption

The United Nations upwardly raised India's economic growth projections for 2024 from 6.2 per cent to 6.9 per cent mainly driven by strong public investment and resilient private consumption, joining IMF that recently upped the country's growth foreca...

May 17, 2024 4:39 PM

With clean balance-sheet Indian banking sector has enough opportunity for growth: K V Kamath

India's banking sector is ready and fit to support the country's growth in the coming years, K V Kamath, Chairman of the National Bank for Financing Infrastructure & Development, said in an interview with ANI. Kamath said that after the governme...

May 17, 2024 3:26 PM

Global stocks drift, China unveils ‘historic’ steps for property

Global stocks eased on Friday after Federal Reserve officials hinted U.S. interest rates may not fall any time soon, while commodities rallied on the back of optimism over a series of measures in China to stabilise its beleaguered property sector. D...

May 17, 2024 2:43 PM

China unveils ‘historic’ steps to stabilise crisis-hit property sector

China on Friday announced "historic" steps to stabilise the crisis-hit property sector, allowing local governments to buy "some" apartments, relaxing mortgage rules and pledging to deliver unfinished homes. Investors hoped the measures marked the be...

May 17, 2024 12:23 PM

Nifty, Sensex dip in early trade

Indian benchmark indices started Friday's trading session on a muted note influenced by global cues. The Nifty 50 index declined by 29 points to 22,374.20 in the early trade while the BSE Sensex lost 149 points to 73,548 at the time of filing this re...

May 17, 2024 10:47 AM

OpenAI strikes deal to bring Reddit content to ChatGPT

Reddit has partnered with OpenAI to bring its content to popular chatbot ChatGPT, the companies said on Thursday, sending the social media platform’s shares up 12% in extended trade. The deal underscores Reddit’s attempt to diversify beyond its ...

May 16, 2024 10:13 PM

Fluctuating forex reserve stir market instability and price hikes in Bangladesh

Amidst a backdrop of fluctuating foreign exchange reserves, Bangladesh Bank has been employing varied methodologies to calculate the nation’s reserves, unveiling differing figures. Traders and consumers alike have responded to these variations wit...

May 16, 2024 4:57 PM

RBI’s red flag on non-bank lenders raises volatility, Fitch says

Fitch Ratings feels that the Reserve Bank of India's (RBI) latest efforts to strengthen corporate governance and risk management in the non-bank financial institutions (NBFIs) may reduce industry risks over the longer term, if successful, but it woul...