DDIndia Business: Economic Headlines & Updates

Business

April 19, 2024 3:50 PM

Indian Railways prepares for summer travel surge with over 9,000 trips

Indian Railways will operate a record 9,111 trips this summer to accommodate the anticipated surge in travel demand and ensure passenger convenience. This marks a substantial increase from the previous summer when the Railways operated 6,369 trips. ...

April 19, 2024 2:26 PM

India will grow at 6.5%, outpacing global average of 2.6%: UNCTD report

India is expected to sustain its growth momentum at 6.5% in 2024, according to a report released by the United Nations Conference on Trade and Development (UNCTD). The report underscores India’s resilience amidst global economic challenges, citing...

April 19, 2024 11:11 AM

India lays foundation stone to build High Impact Community Development Projects in Nepal

By: Sweta Singh (Kathmandu) India laid out the foundation stone to build High Impact Community Development Project in Darchula district of Nepal on Thursday. The esteemed guests at this event included Bijay Singh Dhami, Mayor of Shailyashikhar Mu...

April 18, 2024 1:33 PM

Asia stocks bounce as soaring dollar pauses

Asian stocks made their biggest gains in a month on Thursday, while the dollar took a breather and bond markets steadied as investors stepped back to assess the interest rate outlook. Oil found support following its sharpest fall in two-and-a-half m...

April 18, 2024 11:12 AM

India emerges as offshoring hub with growth in office leasing: report

India has emerged as one of the leading offshoring destinations globally, according to the latest report from Knight Frank. The report, titled "Asia Pacific Horizon: Harnessing the Potential of Offshoring," highlights the significant growth of the o...

April 16, 2024 9:00 PM

IMF boosts India’s 2024 growth forecast

The International Monetary Fund (IMF) in its latest outlook raised India's growth projections for 2024 from 6.5 per cent to 6.8 per cent, with the country maintaining the fastest-growing status in emerging markets and developing economies. For t...

April 16, 2024 6:14 PM

Dollar rises to five-month high, puts heat on yen

The dollar touched five-month highs against the pound and euro on Tuesday, a day after hotter-than-expected U.S. retail sales sent Treasury yields higher, raising worries of an intervention from Tokyo as the yen languished at its lowest since 1990. ...

April 16, 2024 2:59 PM

India allows onion export to Sri Lanka, gives additional quota to UAE

India has allowed limited shipments of onions to the United Arab Emirates (UAE) and Sri Lanka, after banning its export in response to rising prices. The Ministry of Commerce and Industry, through the Directorate General of Foreign Trade (DGFT), iss...

April 16, 2024 10:53 AM

India and Mauritius bolster taxation agreement

India and Mauritius have bolstered the Double Taxation Avoidance Agreement (DTAA) by implementing stricter measures to prevent investors from evading taxation on funds entering India. The amendment, signed on March 7, introduces a Principal Purpose ...

April 16, 2024 9:45 AM

China’s economy grew 5.3% in first quarter year-on-year, well above forecast

China's economy grew 5.3% in the first quarter year-on-year, official data showed on Tuesday, comfortably beating analysts' expectations- a welcome sign for policymakers as they try to shore up demand and confidence in the face of a protracted proper...