DDIndia Business: Economic Headlines & Updates

Business

May 15, 2024 2:00 PM

Alphabet debuts beefed-up AI search and chatbot as competition heats up

Google parent Alphabet on Tuesday showed how it is building on artificial intelligence across its businesses, including a beefed-up Gemini chatbot and improvements to its prized search engine as it races to compete with AI rivals. The flurry of anno...

May 15, 2024 3:22 PM

US-China tariff war presents trade opportunities for India

The latest round of the tariff war between the US and its largest trade partner, China, is set to present a significant opportunity for India. US President Joe Biden, in a move that is seen as a protectionist measure to reduce trade imbalance, impos...

May 15, 2024 12:22 PM

“Don’t think people should take narrow view of it”: Jaishankar on US sanction warning after Chabahar Port deal

A day after the US warned of “potential risk of sanctions” after India inked a 10-year agreement for running the Chabahar Port in Iran, External Affairs Minister S Jaishankar emphasised that the project will benefit the entire region and people s...

May 15, 2024 12:01 PM

Moody’s expects India to grow 6.6% in 2024-25 fiscal

The Indian economy is expected to grow at 6.6 per cent in the current financial year 2024-25, fuelled by strong credit demand that will support the NBFC sector's profitability, Moody's Ratings said. The rating agency's 2024-25 GDP growth estimates a...

May 15, 2024 10:49 AM

Indian stocks continue to remain buoyant after recent sell-off

Indian stock indices started off Wednesday's session marginally higher, extending gains for the fourth consecutive session. The upbeat start was fueled by positive overnight cues from US markets. At 9:27 am, the benchmark Sensex was trading at 73,19...

May 15, 2024 10:24 AM

GLOBAL MARKETS-Stocks rise, dollar drifts ahead of US inflation report

Asian stocks rose on Wednesday while the dollar drifted lower as traders weighed mixed U.S. producer price data and braced for the crucial consumer price report later in the day that is likely to influence the Federal Reserve's near-term policy path....

May 14, 2024 8:33 PM

China strongly opposes U.S. tariff hikes, pledging measures to defend rights

China strongly opposed the United States' tariff hikes, its commerce ministry said on Tuesday, vowing it will take resolute measures to defend its rights and interests. "U.S. raising Section 301 tariffs violates President Biden's commitment to 'not ...

May 14, 2024 5:11 PM

Two-wheeler sales surge 31 percent in April

The Indian automobile industry kicked off the financial year 2024-25 on a positive note, witnessing a remarkable 31% growth in two-wheeler sales in April compared to the same period last year. According to data released by the Society of Indian Autom...

May 14, 2024 3:54 PM

Asia to contribute 60% of global growth in 2024: IMF official

Asia continues to power ahead as the engine of the global economy, with the region expected to contribute a massive 60% to world growth in 2024, a senior International Monetary Fund (IMF) official stated on Monday. Speaking at the 13th IMF-Japan Hig...

May 14, 2024 3:35 PM

Biden sharply hikes US tariffs on Chinese imports

U.S. President Joe Biden on Tuesday unveiled a bundle of steep tariff increases on an array of Chinese imports including electric vehicles, computer chips and medical products, risking an election-year standoff with Beijing in a bid to woo voters who...