DDIndia Business: Economic Headlines & Updates

Business

May 31, 2024 5:57 PM

Sensex, Nifty end with marginal gain; Adani Group stocks soar nearly 10 percent

The BSE Sensex and Nifty concluded the trading week on a positive note, breaking a five-day losing streak with both benchmark indices registering marginal gains. The Sensex gained 75.71 points, closing at 73,961.31, while the Nifty added 42.05 point...

May 31, 2024 5:52 PM

DGCA issues show cause notice to Air India over passenger discomfort

The Directorate General of Civil Aviation (DGCA) issued a show cause notice to Air India on Friday for inordinate delay of at least two international flights and failure to take due care of passengers. An Air India flight from Delhi that was to leav...

May 31, 2024 3:29 PM

Crypto ‘re-staking’ platforms boom as traders chase bigger returns

More than $18 billion worth of cryptocurrency has moved into a new type of platform which offers investors rewards in exchange for locking up their tokens, in a complex scheme that analysts warn poses a risk for users and the crypto market. The soar...

May 31, 2024 3:15 PM

Global stocks and dollar idle ahead of Fed’s favourite inflation figure

Global shares were little changed on Friday in subdued trading as investors hunkered down for key U.S inflation figures that will shape the Federal Reserve's thinking on interest rates when it meets mid-June. The dollar was steady against peer curre...

May 31, 2024 2:02 PM

India brings nearly 100 tonnes of gold back to domestic vaults

India has made a notable shift from the economic policies of 1991, when it exported gold and pledged it overseas to mitigate a looming financial crisis. The country has now shipped in a little over 100 tonnes of its gold reserves held in the UK. San...

May 31, 2024 11:12 AM

Sensex, Nifty open higher; investors turn cautious ahead of poll results

Indian stock indices opened higher on Friday, June 1, following five consecutive trading sessions of losses. The gains were primarily driven by fresh buying from investors after the recent dip. Analysts believe that investors are likely to adopt a c...

May 31, 2024 9:14 AM

Sharjah-India Business Forum highlights investment opportunities for Indian firms

Sharjah Chamber of Commerce and Industry (SCCI) hosted the "Sharjah-India Business Forum," urging Indian companies to capitalize on Sharjah's investment prospects and dynamic business climate. Held at SCCI's headquarters, the forum showcased Sharjah...

May 30, 2024 7:49 PM

How China’s EV makers aim to beat Tesla, legacy automakers in Europe

Starting in the 1980s, European automakers steadily conquered China, racking up millions in sales with little local competition. Now they'll have to defend their home turf in Europe from an onslaught of formidable Chinese electric vehicles. Chinese...

May 30, 2024 4:46 PM

Nifty falls below 22,500 on F&O expiry, Sensex drops 617 points

Indian benchmark indices continued their losing streak for the fifth consecutive session on Thursday. The Nifty closed below 22,500 on the May F&O (Futures & Options) expiry day, indicating the bearish sentiment prevailing on Dalal Street. T...

May 30, 2024 4:21 PM

Saudi Arabia may announce landmark Aramco share offering

Saudi Arabia may announce a landmark secondary share offering in oil giant Aramco later on Thursday, pending final approval, people with knowledge of the matter said. Final approval would come from Crown Prince Mohammed bin Salman. The share offerin...