DDIndia Business: Economic Headlines & Updates

Business

November 28, 2023 9:23 AM

Finance Minister Sitharaman urges action on Climate Funding & Technology Transfer at India Global Forum Dubai

In a virtual session at the inaugural India Global Forum Middle East and Africa 2023 (IGF ME&A), India's Finance Minister, Nirmala Sitharaman, demanded tangible action on climate funding and technology transfer ahead of COP28. The event, themed '...

November 24, 2023 4:47 PM

Israeli tech sector demonstrates resilience amid ongoing conflict

Despite the ongoing conflict with Hamas in the Gaza Strip, Israel's high-tech sector remains open for business. Start-Up Nation Central, a Jerusalem-based nonprofit promoting Israeli innovation, has launched the "no matter what" campaign in collabo...

November 24, 2023 10:36 AM

Sri Lanka cuts rates to boost growth, signals pause in further easing

Sri Lanka's central bank lowered interest rates on Friday in an unexpected move to boost growth but signalled a pause in easing for the time being while projecting inflation would remain subdued over the medium term. Helped by an International M...

November 23, 2023 3:35 PM

India’s Stellar Rise in the Global Space Economy

In the expansive realm of the global space economy, India has emerged as a significant contender. Though it presently holds a market share of just 2%, recent advancements and ambitious projections signal a rapid ascent for the India's space sector. ...

November 22, 2023 12:25 PM

OpenAI restores Sam Altman as CEO after his tumultuous ouster

OpenAI on Tuesday said it reached an agreement for Sam Altman to return as CEO days after his ouster, capping frenzied discussions about the future of the startup at the center of the artificial intelligence boom. In addition to Altman's return, the...

November 21, 2023 1:18 PM

Stocks in Asia hit two-month high, dollar defensive on Fed view

Asian shares climbed to fresh two-month highs on Tuesday, taking cues from a rally on Wall Street while the dollar languished near its lowest in two-and-a-half months on expectations the U.S. Federal Reserve is likely done with interest rate hikes. ...

November 17, 2023 10:16 AM

RBI strengthens norms for consumer loans

The Reserve Bank of India (RBI) has taken a decisive step to tighten norms governing unsecured personal loans for both banks and non-banking financial companies (NBFCs). This move comes as a response to the escalating risk associated with consumer cr...

November 16, 2023 5:19 PM

Piyush Goyal holds talks with CEOs of Micron, YouTube

Union Minister for Commerce and Industry Piyush Goyal, currently on a visit to the United States, held one-to-one meetings with Sanjay Mehrotra, CEO of Micron Technology, and Neil Mohan, CEO of YouTube on Wednesday. Goyal discussed the prospects of t...

November 15, 2023 4:55 PM

IMF head expects agreement with Pakistan this week on funding review

The International Monetary Fund (IMF) expects an agreement with Pakistan this week on targets for the first review of a $3 billion bailout, IMF Managing Director Kristalina Georgieva said on Wednesday, clearing the way for additional funding. "I exp...

November 15, 2023 11:19 AM

Sahara Group founder Subrata Roy passes away at 75

Subrata Roy, the architect of the vast business empire, Sahara Group, passed away at the age of 75 following a cardiorespiratory arrest that occurred at a private hospital in Mumbai on Tuesday, after a period of prolonged illness, as confirmed by a s...