DDIndia Business: Economic Headlines & Updates

Business

September 10, 2024 11:49 AM

Auto component sector to reach $100 billion export target by 2030: Piyush Goyal

Union Minister of Commerce & Industry, Piyush Goyal, expressed confidence that India's auto component sector will achieve its goal of $100 billion in exports by 2030. He emphasized that this growth would make the sector one of the largest job cre...

September 10, 2024 10:16 AM

GST rates slashed for certain cancer drugs, namkeens, shared helicopter service

In its meeting on Monday, the Goods and Services Tax (GST) Council announced several key decisions aimed at reducing tax burdens across various sectors. To alleviate the financial strain of cancer treatment, the Council slashed GST rates on certain ...

September 10, 2024 8:53 AM

New Partnership of US and India to explore Semiconductor Supply Chain opportunities

The US Department of State will partner with the India Semiconductor Mission, Ministry of Electronics and IT, Government of India to explore opportunities to grow and diversify the global semiconductor ecosystem under the International Technology Sec...

September 9, 2024 5:35 PM

Indian markets rebound: Sensex gains 376 points, Nifty approaches 24,950

Indian markets rebounded after a three-day losing streak on Monday, with the Nifty closing near 24,950. The Sensex rose by 375.61 points, or 0.46%, ending at 81,559.54. Meanwhile, the Nifty gained 84.20 points, or 0.34%, closing at 24,936.40...

September 9, 2024 3:56 PM

MoD signs Rs 26,000 crores deal with HAL for Su-30MKI fighter jet engines

In a major push for the Aatmanirbhar Bharat mission, the Ministry of Defence (MoD) has signed a contract with Hindustan Aeronautics Limited (HAL) to supply 240 AL-31FP engines for Su-30MKI fighter jets. The contract, worth over Rs 26,000 crore, was s...

September 8, 2024 1:36 PM

India sees gold demand surge after duty cut as US elections and fed rate cut loom

As global markets brace for potential economic turbulence, the outlook for gold has become increasingly uncertain with the upcoming US elections and possible Federal Reserve (Fed) interest rate cuts, according to the World Gold Council. The global s...

September 7, 2024 5:58 PM

Private credit market in India sees robust growth in H1 CY2024 with USD 6 billion in deals: EY report

India's private credit market demonstrated robust growth in the first half of 2024 (H1 CY2024), with total investments amounting to USD 6 billion, according to EY report. This performance is a strong indicator of the market's vitality, especially wh...

September 6, 2024 9:25 PM

“India can be a serious partner for Mediterranean economies”: EAM Jaishankar

External Affairs Minister S. Jaishankar highlighted India's growing potential as a reliable partner for Mediterranean economies during his address at the CII India-Mediterranean Business Conclave 2024. He stressed the importance of enhancing India's ...

September 6, 2024 9:20 PM

Two Years of India-UAE CEPA Celebrated in Dubai

The Indian Business and Professional Council Dubai in Coordination with the Consulate General of India hosted a celebratory event marking the second anniversary of the Comprehensive Economic Partnership Agreement (CEPA) between India and the United A...

September 6, 2024 7:51 PM

India on track to surpass $10 billion technical textiles export target by 2030: Giriraj Singh

Union Minister of Textiles, Giriraj Singh, expressed confidence that India will exceed its target of $10 billion in technical textile exports by 2030. He made this statement during the inauguration of the international conference-cum-exhibition, 'Vik...