DDIndia Business: Economic Headlines & Updates

Business

May 13, 2024 4:08 PM

Stocks grind towards record highs in inflation-heavy week

Global stocks neared record highs on Monday, in a week where inflation figures could make or break expectations for earlier U.S. rate cuts, while Chinese activity data will test optimism about a sustained recovery in the world's No. 2 economy. While...

May 12, 2024 2:07 PM

Reforms in accounting system needed to meet global standards: Bangladesh Finance Minister

Bangladesh Finance Minister Abul Hassan Mahmood Ali on Saturday said that reforms are needed in Bangladesh's accounting system in order to meet international standards and also to comply with the suggestions of the development partners. The finance ...

May 11, 2024 5:20 PM

India’s forex reserves rise USD 3.7 billion in latest week

India's foreign exchange reserves witnessed a significant rebound, rising by $3.668 billion to $641.590 billion in the week ended May 3, according to data released by the Reserve Bank of India (RBI). This increase comes after three consecutive weeks ...

May 11, 2024 12:43 AM

Dileep Sanghani elected as Chairman of IFFCO

Indian Farmers Fertiliser Cooperative (IFFCO) conducted its 15th RGB elections for its Board of Directors, covering members from more than 36,000 cooperative societies at IFFCO Sadan, New Delhi. A massive exercise that was started in the month of ...

May 10, 2024 10:48 PM

Cipla open to partnering with Eli Lilly to market their obesity drugs, CEO says

Cipla open to partnering with Eli Lilly to market their obesity drugs, CEO says Cipla is open to partnering with U.S. drugmaker Eli Lilly to market its blockbuster obesity treatment drugs in India, the company's CEO said on Friday. 'Absolutely and ...

May 10, 2024 7:23 PM

India poised to become world’s third largest consumer market by 2026 outpacing Germany, Japan

India is set to solidify its position as a global economic powerhouse as it gears up to become the world's third-largest consumer market by 2026, according to the 'India Economic Perspectives' report by UBS. Despite facing challenges, the ...

May 10, 2024 7:14 PM

India’s industrial production surges by 4.9% in March

India's industrial sector witnessed a significant growth in March 2024, with the Index of Industrial Production (IIP) rising by 4.9% compared to the same period last year. This growth reflects a positive trend in the country's manufacturing, mining, ...

May 10, 2024 2:04 PM

Global Markets: Asia stocks rally on renewed global rate cut optimism

Asian stocks rose on Friday, on course for a third week of gains, while the dollar was steady as fresh signs of an easing U.S. labour market stoked optimism around interest rate cuts this year ahead of next week's crucial inflation data. Sterling wa...

May 10, 2024 1:47 PM

Jaishankar expresses confidence in India-EU partnership growing further

External Affairs Minister S Jaishankar expressed confidence that the partnership between India and the European Union (EU) will continue to grow in the times ahead, emphasizing the consequential nature of their ties not only for the two sides but als...

May 10, 2024 9:56 AM

US top diplomat Donald Lu embarks on India visit from May 10

The Assistant Secretary of State for South and Central Asian Affairs, Donald Lu, has embarked on an official visit to India, Sri Lanka, and Bangladesh from May 10-15, the US State Department said. Lu's trip will strengthen bilateral cooperation with...