DDIndia Business: Economic Headlines & Updates

Business

October 24, 2024 3:42 PM

“India will be biggest intelligence market” says Mukesh Ambani as Reliance-NVIDIA partner to build cutting-edge AI infra

To strengthen India's artificial intelligence (AI) capabilities, Jensen Huang, CEO of NVIDIA announced a partnership between Reliance and NVIDIA to establish cutting-edge AI infrastructure in the country, at the NVIDIA AI Summit 2024, held in Mumbai....

October 24, 2024 3:23 PM

EAM Jaishankar meets with heads of delegations at BRICS Summit Outreach

External Affairs Minister S. Jaishankar engaged with heads of delegations during the 16th BRICS Summit held at the Kazan Expo International Exhibition Center, participating in the Outreach/BRICS Plus session. Jaishankar, who accompanied Prime Minist...

October 24, 2024 10:39 AM

Stock market opens flat with marginal decline

The stock market opened on a flat note on Thursday, with both the Sensex and Nifty experiencing minor losses at the start of the trading session. The Sensex dropped by 84.98 points, opening at 80,166.96, while the Nifty slipped by 15.35 points, begi...

October 23, 2024 11:41 PM

PM Modi welcomes India-China disengagement agreement during bilateral meeting at BRICS Summit

Prime Minister Narendra Modi and Chinese President Xi Jinping held a pivotal bilateral meeting on the sidelines of the BRICS Summit, emphasizing the necessity of advancing bilateral relations from a strategic and long-term perspective. The leaders di...

October 24, 2024 9:33 AM

Main points from the BRICS declaration

Below are the key points from the Kazan declaration issued by the BRICS group after a summit in Russia. ON UKRAINE: "We emphasize that all states should act consistently with the Purposes and Principles of the UN Charter in their entirety and inter...

October 23, 2024 8:55 PM

PM Modi departs for New Delhi after attending BRICS Summit in Kazan

Prime Minister Narendra Modi has departed for Delhi following his participation in the 16th BRICS Summit in Kazan. During the summit, PM Modi held bilateral meetings with key leaders, including Russian President Vladimir Putin, Iranian President Mas...

October 23, 2024 6:39 PM

BRICS leaders tout joint finance, trade projects at Russian summit

Leaders of the nations in the BRICS grouping, which accounts for 37% of global economic output, predicted its influence would grow as they met in Russia on Tuesday, outlining common projects ranging from a grain exchange to a cross-border payments sy...

October 23, 2024 5:10 PM

Sensex, Nifty end lower amid continued foreign outflows and lackluster earnings

Indian benchmark indices declined for the third straight session on Wednesday, weighed down by lackluster corporate earnings and sustained foreign outflows. The Nifty dropped 36 points to close at 24,435.50, while the Sensex fell 138 points, ending ...

October 23, 2024 1:12 PM

Tupperware cancels auction, agrees to lender takeover

Bankrupt Tupperware Brands agreed on Tuesday to sell its business to a group of lenders for $23.5 million in cash and over $63 million in debt relief, canceling its plans for an open-market auction of its assets. The food storage and kitchen product...

October 23, 2024 12:15 PM

UAE retail giant Lulu announces $1.8 billion IPO on Abu Dhabi Exchange

Lulu Retail Holdings, the largest pan-GCC retailer, announced plans to list 25% of its shares on the Abu Dhabi Securities Exchange (ADX), in what is set to be one of the region’s most significant retail sector IPOs. The company will offer 2.58 bil...