DDIndia Business: Economic Headlines & Updates

Business

September 22, 2024 3:32 AM

Biden announces new Quad coast guard initiatives, confident of group’s future

US President Joe Biden hosted the fourth in-person Quad Leaders' Summit in Wilmington, Delaware, on Saturday, where he announced the launch of a new initiative for cooperation among the Coast Guards of the Quad nations—India, Australia, Japan, and ...

September 22, 2024 2:52 AM

PM Modi arrives at Archmere Academy for Quad leaders’ summit in Delaware

Prime Minister Narendra Modi arrived at Archmere Academy on Saturday for the Quad Leaders' Summit, where he was warmly received by US President Joe Biden. As the leaders gathered for the summit, a family photo was taken, capturing PM Modi alongside ...

September 21, 2024 10:44 PM

PM Modi arrives in Philadelphia, heads to Delaware for bilateral talks and Quad Summit

Prime Minister Narendra Modi landed at Philadelphia International Airport on Saturday morning, marking the beginning of his three-day visit to the United States. His first stop will be Delaware, where he is set to engage in a high-profile bilateral m...

September 21, 2024 11:57 AM

Digital payments surge to Rs. 1,669 lakh crore in first five months of FY 2024-25: Finance Ministry

The value of digital payments surged to ₹1,669 lakh crore in the first five months (April-August) of the current financial year 2024-25, according to the Union Finance Ministry. The ministry reported that the transaction volume of digital payments...

September 20, 2024 5:22 PM

Sensex, Nifty hit record highs, boosted by auto, energy, banking sectors

India’s benchmark indices surged to all-time highs on Friday, driven by strong gains across the auto, energy, and banking sectors. The Sensex jumped 1,360 points, or 1.63%, to close at 84,544, while the Nifty added 375 points, or 1.48%, to settle ...

September 20, 2024 2:49 PM

Apple starts its iPhone 16 series sale in India, long queues seen outside stores

Long queues formed outside Apple stores on Friday as the tech giant began selling its latest generation of iPhones in India. Eager customers gathered at Delhi’s Saket store and the flagship store in Mumbai’s BKC, awaiting their chance to purchas...

September 20, 2024 12:24 PM

Sensex breaches 84,000 mark for the first time; rises 1,000 points in just eight days

The BSE Sensex crossed the 84,000 mark for the first time on Friday, gaining 1,000 points in just eight days after touching 83,000 on September 12. Market experts attribute this strong rally in Indian markets to heightened investor optimism, spurred...

September 20, 2024 11:11 AM

Sensex, Nifty surge as global markets rally after Fed rate cut

India’s benchmark indices surged on Friday, tracking a global market rally fueled by the U.S. Federal Reserve's decision to cut interest rates by 50 basis points. The Nifty 50 gained 110.15 points, or 0.43%, to open at 25,525.95, while the Sensex ...

September 20, 2024 11:06 AM

India’s trade deficit widens in August amid decline in crude oil exports: CRISIL report

India's trade deficit widened in August, primarily due to a decline in oil exports caused by falling crude prices, according to a recent report by CRISIL. The report highlights that the drop in crude oil prices, a key export commodity for India, has ...

September 20, 2024 9:55 AM

Components for pagers used in Lebanon blasts are not from Taiwan, minister says

Components used in thousands of pagers that detonated on Tuesday in Lebanon were not made in Taiwan, Taiwan's economy minister said on Friday. Taiwan-based Gold Apollo said this week it did not manufacture the devices used in the attack, and that th...