DDIndia Business: Economic Headlines & Updates

Business

October 15, 2024 4:43 PM

Business leaders highlight India’s digital transformation at WTSA

Business leaders and telecom industry executives at the World Telecommunication Standardization Assembly (WTSA) highlighted India's digital transformation and its significant contribution to the country’s economic growth. Akash Ambani, Chairman of...

October 15, 2024 4:29 PM

India reaffirms support for Africa, calls UNSC exclusion a “historical injustice”

India has reiterated its unwavering commitment to Africa, with Ambassador Yojna Patel, India’s Deputy Permanent Representative to the UN, calling for global action to address the continent’s challenges. Speaking at the UN General Assembly's plena...

October 15, 2024 1:43 PM

Noida airport successfully completes calibration flight to test navigation system

Noida International Airport (NIA) on Monday successfully completed the calibration of the Instrument Landing System (ILS) and Precision Approach Path Indicator (PAPI). In a statement, the airport said that a Beech King Air 360ER from the Airports Au...

October 15, 2024 11:04 AM

IMF says global public debt to top $100 trillion, growth may accelerate

The world's total public debt is set to exceed $100 trillion this year for the first time, and may grow more quickly than forecast as political sentiment favors higher spending and slow growth amplifies borrowing needs and costs, the International Mo...

October 15, 2024 10:52 AM

Nifty and Sensex open higher amid positive global cues

The stock market opened on a positive note for the second consecutive day, reflecting optimism in early trading. On Tuesday, the benchmark indices saw the Nifty opening at 25,196.05, up 68 points or 0.27%, and the Sensex at 82,198.68, up 226 points o...

October 14, 2024 9:43 PM

Tillman Global Holdings president lauds India’s wireless ecosystem at USISPF summit

Tillman Global Holdings President Sachit Ahuja praised India’s advancements in telecommunications at the US-India Strategic Partnership Forum (USISPF) Annual India Leadership Summit in New Delhi on Monday, emphasizing the country’s progress in bu...

October 14, 2024 8:27 PM

Retail inflation rises to 5.49% in September, driven by food prices

India’s Consumer Price Index (CPI)-based inflation rose to 5.49% in September, up from 3.65% in August, reflecting a sharp increase driven primarily by rising food prices. Rural inflation stood at 5.87%, while urban inflation was recorded at 5.05%,...

October 14, 2024 6:51 PM

Sensex, Nifty close higher as IT, banking sectors drive gains

The stock market wrapped up Monday on a positive note, with benchmark indices posting strong gains. The Sensex surged by 591.69 points to close at 81,973.05, while the Nifty climbed 163.70 points, finishing at 25,127.95. Among the Nifty 50 stocks, W...

October 14, 2024 3:28 PM

Heavy reliance on AI could lead to concentration risks in the financial sector: RBI Governor

The Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday cautioned that heavy reliance on artificial intelligence (AI) could lead to concentration risks in the financial sector. Speaking at the 90th High-Level Conference organized by the R...

October 14, 2024 11:22 AM

5G to inject USD 450 billion into Indian economy by 2040: Telecom Minister Scindia

Union Minister of Communications Jyotiraditya Scindia said on Monday that the adoption of 5G technology in India is expected to contribute an estimated $450 billion to the country’s economy by 2040. Speaking at the Global Standards Symposium, one ...