DDIndia Business: Economic Headlines & Updates

Business

November 18, 2024 6:33 PM

Dubai hosts third Global Freight Summit, Drawing over 5,000 industry leaders

The Global Freight Summit 2024 commenced in Dubai on November 18, marking its third edition since its inception in 2022. The three-day event, hosted by DP World, has attracted more than 5,000 industry leaders from 155 countries, representing diverse ...

November 18, 2024 5:41 PM

Gold prices dip 9% from peak, experts suggest support at current level

Gold prices showed a modest recovery on Monday, breaking a six-day losing streak. However, both international and domestic gold prices remain around 9% below their recent peaks, driven by global economic conditions and market sentiment. Internationa...

November 18, 2024 4:53 PM

Sensex, Nifty extend losses for seventh straight session

Benchmark stock indices slumped on Monday, extending losses for seventh straight session and touching a new multi-month low. The Sensex dropped 241.30 points (0.31%) to close at 77,339.01, while the Nifty declined 78.90 points (0.34%) to settle at 2...

November 18, 2024 4:44 PM

India rated fastest growing G20 economy with GDP growth projected at 7% for 2024

India is projected to be the fastest growing economy among the G20 countries with a 7% GDP growth rate for 2024, followed by Indonesia in the second spot with 5% while China is ranked third with an economic growth rate of 4.8%. "India takes the lead...

November 18, 2024 3:29 PM

Electronics, engineering, agricultural goods propel India’s export growth: CRISIL

India's core group exports surged 27.7 per cent in October with growth being particularly strong in categories such as engineering goods, electronic goods, chemicals, textiles, marine products and rice, according to a CRISIL report released on Monday...

November 18, 2024 3:23 PM

India insulated among emerging markets to Trump’s proposed tariffs: CLSA’s Alexander Redman

Among the emerging markets (EMs), India has the "least sensitivity" to US President-elect Donald Trump’s proposed tariffs and higher interest rates, global brokerage CLSA's chief equity strategist Alexander Redman said on Monday. Redman, who spoke...

November 18, 2024 11:07 AM

Sensex, Nifty fall as IT, bank shares drag markets

India’s benchmark indices fell on Monday, dragged down by selling across the IT, PSU banks, and pharmaceutical sectors. The Sensex slipped 333.13 points, or 0.43%, to 77,247.18, while the Nifty declined 98.70 points, or 0.42%, to 23,434.00 by 9:51...

November 18, 2024 11:10 AM

India-Brazil trade at USD 15 billion, huge potential: Executive Director, India-Brazil Chamber of Commerce

Executive Director of India-Brazil Chamber of Commerce Leonardo Ananda Gomes highlighted the successful bilateral trade between the two countries, which as of now has crossed the USD 15 billion mark. Gomes also highlighted Prime Minister Narendra Mo...

November 17, 2024 12:59 PM

Samsung top pick for retail investors after US election

Retail investors scooped up 2.33 trillion won ($1.67 billion) worth of Samsung Electronics stocks since the U.S. presidential election, the country's main bourse said on Sunday. Individuals purchased the chipmaker on bargain hunting for eight tradin...

November 16, 2024 12:54 PM

Bengaluru Tech Summit 2024 to host 2,500+ startup attendees

The 27th edition of the Bengaluru Tech Summit (BTS) 2024, organized by Karnataka's Electronics, IT, and Biotechnology Department, is set to take place from November 19-21 at Bengaluru Palace. BTS 2024 will host over 2,500 startup attendees, accordin...