DDIndia Business: Economic Headlines & Updates

Business

October 28, 2024 12:09 PM

Oil slides on Mideast respite, yen down as Japan govt loses majority

The yen hit a three-month low on Monday as Japan's ruling party lost its parliamentary majority, while oil tumbled after Israel's weekend strike on Iran bypassed oil or nuclear targets. Japan's Nikkei, after initially falling, rose 1.9% and the yen ...

October 28, 2024 12:04 PM

Swiss companies set sights on India as $100 bln trade pact promises more opportunities

Investments in India by Swiss companies such as engineering group ABB and transport firm Kuehne+Nagel are on the rise, with a $100 billion regional trade deal expected to further open it up to businesses long geared towards China. India's appeal has...

October 28, 2024 10:28 AM

Nifty, Sensex begin week with gains; market uncertainty likely to persist until US election results

Indian stock markets opened the week with modest gains after last week's 2.5% decline across both key indices. The Nifty 50 index opened at 24,251.10, marking an increase of 70.30 points or 0.29%, while the BSE Sensex gained 251.38 points, starting t...

October 28, 2024 9:12 AM

PM Modi and President of Govt of Spain Sanchez to inaugurate Tata-Airbus C295 aircraft plant in Vadodara

Prime Minister Narendra Modi, along with President of the Govt of Spain Pedro Sanchez, who is technically the country's Prime Minister, will be inaugurating the Tata-Airbus C295 aircraft plant facility in Vadodara, Gujarat on Monday. Pedro Sanchez, w...

October 28, 2024 10:22 AM

Jaishankar highlights India’s expanding role in global job market

External Affairs Minister S. Jaishankar emphasized India's growing role in the global job market on Sunday, highlighting the government’s proactive steps in creating employment opportunities for Indians beyond national borders. Speaking to the pre...

October 27, 2024 10:24 AM

Silver set to outshine gold with target of Rs 1.25 lakh by 2025: MOFSL report

The financial landscape for precious metals appears set for an exciting shift, with silver poised to potentially outperform gold in the coming year, according to the latest report from Motilal Oswal Financial Services Ltd (MOFSL). The firm predicts t...

October 26, 2024 9:05 AM

Nirmala Sitharaman highlights Global South’s role in shaping multilateral development banks

Union Finance Minister Nirmala Sitharaman underscored the contributions of the Global South to the foundations of multilateral development banks at the 1944 Bretton Woods conference, stressing the importance of diverse voices in decision-making for a...

October 25, 2024 5:06 PM

Sensex, Nifty extend losses as FIIs, weak earnings weigh on markets

India’s benchmark indices declined for the fifth consecutive day on Friday, weighed down by foreign outflows and disappointing corporate earnings. The Sensex fell 662.81 points to close at 79,402.29, while the Nifty dropped 218.60 points, ending t...

October 25, 2024 4:52 PM

Piyush Goyal calls for mutual respect for faster negotiations of India-EU free trade agreement

Union Minister Piyush Goyal emphasized the potential for a deeper strategic partnership between India and the European Union (EU), at the 18th Asia Pacific Conference of German Business on Friday in New Delhi. He advocated for mutual respect and und...

October 24, 2024 5:14 PM

“BRICS is a statement of how profoundly world order is changing”: EAM Jaishankar

External Affairs Minister S. Jaishankar, addressing the 16th BRICS Summit in Kazan, emphasized the changing global order, asserting that BRICS represents the transformation from old power structures to a more equitable and multipolar world. Highlight...