DDIndia Business: Economic Headlines & Updates

Business

November 2, 2023 3:34 PM

Coal sector records 16.1 percent growth in September

The Combined Index of eight Core Industries (ICI) has shown a significant increase of 8.1% (Provisional) in September 2023, compared to the same period in the previous year. The index of coal sector has showcased impressive growth of 16.1 percent r...

November 2, 2023 10:28 AM

U.S. Federal Reserve keeps interest rates unchanged

The Federal Reserve held interest rates steady on Wednesday as policymakers struggled to determine whether financial conditions may be tight enough already to control inflation, or whether an economy that continues to outperform expectations may nee...

November 2, 2023 9:46 AM

GST collections rise 13% to ₹1.72 trillion in October

Goods and Services Tax (GST) revenue collection jumped by 13% Year over Year (Y-o-Y) to ₹1.72 trillion in October this year. This is the second highest-ever GST revenue collection ever. Notably, this is the second-highest gross GST revenue co...

November 1, 2023 2:52 PM

RBI to regulate cross-border payment facilitators

The Reserve Bank of India (RBI) has said it will directly regulate firms engaged in cross-border payment transactions for the import and export of goods and services. This regulatory step aims to combat the practice of small-scale imports of restri...

April-May-finished-steel-imports-from-China

November 1, 2023 10:39 AM

Asia’s factories squeezed as China’s nascent recovery teeters

Asia's manufacturers faced worsening pressure in October with factory activity in China slipping back into decline, clouding recovery prospects for the region's major exporters already squeezed by weaker global demand and higher prices. Purchasing m...

October 31, 2023 4:18 PM

Gold demand loses lustre in peak festive season as prices rally

Gold prices near record highs could dampen demand in India during the peak festival season and lead to the lowest purchase volumes in three years, the World Gold Council (WGC) said on Tuesday. India is the world's second-largest gold consumer, and a...

October 31, 2023 12:50 PM

Onion prices dip after Centre imposes export curbs

Onion prices in Maharashtra declined after the imposition of export restrictions by the central government, which set a minimum export price (MEP) of $800 last Saturday. A recent supply shortage triggered by an inadequate monsoon has pushed up onion...

October 27, 2023 2:29 PM

Mumbai airport to offer connectivity to 115 destinations this winter schedule

Mumbai's Chhatrapati Shivaji Maharaj International Airport is gearing up for a bustling winter season with a remarkable expansion in its flight operations. According to an official release, the airport is set to offer connectivity to a staggering 115...

October 27, 2023 9:32 AM

CCI Approves Renault and Nissan cross-shareholding rebalancing

The Competition Commission of India (CCI) has granted approval for a proposed combination involving the re-balancing of cross-shareholdings between two automotive giants, Renault and Nissan. This move has far-reaching implications for their joint ven...

October 25, 2023 12:27 PM

India set to be world’s third-largest economy by 2030: S&P Global

India, the world's fifth largest economy, is likely to overtake Japan to become the world's third-largest economy with a gross domestic product (GDP) of $7.3 trillion by 2030, S&P Global Market Intelligence said in its latest issue of Purchasin...