DDIndia Business: Economic Headlines & Updates

Business

April 4, 2024 5:27 PM

Markets rally on Powell’s remarks; Commodities remain robust

Global shares rallied on Thursday as U.S. rate cuts remained on the table even if their timing was unclear, while the yen slid against everything except the dollar and gold was pinned near record highs. There was also action in industrial commoditie...

April 3, 2024 6:56 PM

India’s gems and jewellery sector shines amidst gold price surge

India shines brightly despite facing a whirlwind of events in 2023. With record-high gold prices, fluctuating diamond rates, and global tensions, the industry navigated through choppy waters while maintaining its dominance in exports. The latest Ind...

April 3, 2024 12:42 PM

World Bank projects India’s growth to reach 7.5% in FY 23-24

The World Bank has said that the Indian economy will grow by 7.5 percent in 2024, driving the growth momentum of the South Asian region, which is projected to achieve a robust growth rate of 6 percent in the same year. According to the report "Jobs ...

April 2, 2024 6:07 PM

Over 43.3 cr monthly digital transactions in India, says FM Nirmala Sitaraman

Finance Minister Nirmala Sitharaman on Tuesday praised India's robust digital infrastructure and widespread access, crediting it with positioning India as a leader in digital transactions. Speaking at the Viksit Bharat 2047 Ambassador Campus Dialogue...

April 2, 2024 3:14 PM

Ministry of Corporate Affairs reports record incorporations in fiscal year 2023-24

The Ministry of Corporate Affairs (MCA) has revealed that the fiscal year 2023-2024 witnessed the highest number of incorporations on record. In a post shared on X, the ministry stated, "MCA records the highest number of incorporations during 2023-2...

April 1, 2024 11:02 PM

Advent to buy Ryan Reynolds-backed fintech Nuvei in $6.3 bln deal

Private equity firm Advent International has agreed to buy Canada's Nuvei NVEI.TO in a deal that values the payments technology firm, which has received financial backing from actor Ryan Reynolds, at $6.3 billion. The deal, valued at $34 per share, ...

April 1, 2024 9:53 PM

OpenAI removes Sam Altman’s ownership of its Startup Fund

OpenAI has changed the governance structure of its venture capital fund that backs AI startups, so its high profile chief executive Sam Altman no longer owns or controls the fund, according to a filing with the US Securities and Exchange Commission (...

April 1, 2024 7:32 PM

GST revenue surpasses Rs 20 trillion in 2023-24, marking 11.7% growth

Financial year 2023–24 marked a milestone with total gross GST collection of Rs 20.18 lakh crore, exceeding Rs 20 lakh crore with a 11.7 per cent increase compared to the previous fiscal year. The average monthly collection for this fiscal year, w...

April 1, 2024 4:46 PM

RBI’s monetary policies stabilized G-Sec yields, boosted investor confidence: Finance Minister Sitharaman

Finance Minister Nirmala Sitharaman on Monday praised the Reserve Bank of India's (RBI) monetary tightening measures, saying that they have stabilized government securities (G-Sec) yields and boosted investor confidence in the Indian economy. Speaki...

April 1, 2024 3:33 PM

“Transformation occurred due to honesty, consistency in our efforts”: PM Modi lauds RBI

Prime Minister Narendra Modi on Monday applauded the transformation that the Reserve Bank of India witnessed in the last decade and said that the changes occurred in the banking system due to the honesty and consistency in the efforts of the governme...