DDIndia Business: Economic Headlines & Updates

Business

October 8, 2024 9:31 AM

China reopens with a bang but fails to lift Asia stocks

Mainland Chinese stocks returned from an extended break with a roaring start on Tuesday, scaling multi-year highs as investor exuberance over Beijing's aggressive stimulus measures showed no signs of easing. The optimism though failed to spill over ...

October 7, 2024 7:13 PM

India, Nepal ink B2B deal for petroleum infrastructure, boosting energy ties

Nepal and India have reached the B2B Framework Agreement regarding the development of petroleum infrastructure in Nepal. Recently, Indian Oil Corporation Limited and Nepal Oil Corporation (NOC) inked a Business to Business (B2B) Framework Agreement i...

October 7, 2024 4:58 PM

Sensex, Nifty decline for sixth consecutive session

India’s benchmark indices fell for the sixth consecutive session on Monday, as tensions in the Middle East and foreign institutional investor (FII) outflows weighed on investor confidence. The Sensex dropped 638.45 points, or 0.78 percent, to clos...

October 7, 2024 10:36 AM

Sensex, Nifty gain in opening trade amid cautious optimism

India’s benchmark indices opened higher on Monday, rebounding after a five-session losing streak. The Nifty 50 climbed 69.50 points, or 0.28%, to 25,084.10, while the BSE Sensex advanced 163.56 points, or 0.20%, to 81,852.01, following a 4% drop i...

October 7, 2024 10:10 AM

RBI’s monetary policy committee meeting begins; decision expected on October 9

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), led by Governor Shaktikanta Das, is set to meet on Monday to determine key interest rates. The committee will focus on factors such as inflation trends, global economic challenge...

October 6, 2024 11:53 AM

Foreign investors sold stocks worth Rs 27,142 crore in just three trading session in October: NSDL

The Indian stock market has been experiencing heavy selling pressure since the beginning of October, driven by Foreign Portfolio Investors (FPIs) pulling out large sums. In just the first three trading sessions of the month, FPIs have sold equities w...

October 5, 2024 9:48 PM

Prime Minister Modi launches agricultural initiatives worth ₹23,300 crore in Maharashtra

Prime Minister Narendra Modi unveiled a series of significant initiatives aimed at bolstering the agricultural and animal husbandry sectors in Washim, Maharashtra, with a total investment of approximately ₹23,300 crore. The initiatives include the...

October 4, 2024 11:56 PM

“Optimism around India not a coincidence, but due to reforms”: PM Modi at Kautilya Conclave

Prime Minister Narendra Modi emphasized that the global optimism surrounding India’s economic trajectory is not coincidental but a direct result of the structural reforms his government has implemented over the past decade. Speaking at the third ed...

October 4, 2024 11:24 PM

EAM Jaishankar, Sri Lankan PM Harini Amarasuriya agree to advance bilateral ties

India's External Affairs Minister S. Jaishankar met with Sri Lankan Prime Minister Harini Amarasuriya during his visit to Colombo and conveyed his best wishes as she assumes her new responsibilities. The two leaders discussed key areas of cooperation...

October 4, 2024 9:44 PM

India’s foreign exchange reserves cross USD 700 billion first time

India's foreign exchange reserves have reached an unprecedented milestone, crossing the USD 700 billion mark for the first time. According to data released by the Reserve Bank of India (RBI) on Friday, the reserves surged by USD 12.588 billion in the...