DDIndia Business: Economic Headlines & Updates

Business

May 30, 2024 3:31 PM

Global stocks and bonds steady after rate sell-off

European stocks steadied on Thursday as bonds regained some ground after a sell-off the day before on bets that global interest rates would stay higher for longer due to stickier inflation readings. The dollar softened slightly as U.S. Treasury yiel...

May 30, 2024 11:45 AM

Growth in India set to get more broad-based, says Morgan Stanley, pegged 6.8% for 2024

Growth in India, which already is strong and surging, may become more broad-based across both on the consumer and business spending side, indicated Morgan Stanley. The global investment bank, in its latest report '2024 Global Economic Midyear Outlook...

May 30, 2024 6:10 PM

NHAI seeks investment in UAE for infrastructure monetization

By: Vinod Kumar The National Highways Authority of India (NHAI) has launched an initiative to monetize its infrastructure, seeking investments from the UAE to sustain and enhance India's expanding national highway network. NHAI’s delegation, le...

May 29, 2024 10:12 PM

Global stocks wilt, bond yields jump as investors focus on rates

A global equities gauge fell on Wednesday while benchmark U.S. Treasury yields rose as investors worried about interest rates a day after a weak bond auction and waited for a key U.S. inflation report due on Friday. The dollar held firm, rising agai...

May 29, 2024 6:03 PM

Indian equity market slumps for fourth consecutive session

The Indian equity market experienced its fourth consecutive day of losses on May 29. The Nifty ended at 22,704.70, down 183.50 points or 0.80 percent, while the Sensex dropped 667.55 points or 0.89 percent, closing at 74,502.90. The market ope...

May 29, 2024 4:20 PM

S&P upgrades India’s sovereign rating outlook to ‘positive’

S&P Global Ratings has raised the country's sovereign rating outlook to 'positive' from 'stable' while retaining the rating at 'BBB-'. The rating agency cited India's robust economic expansion as having a constructive impact on its credit metrics...

May 29, 2024 3:10 PM

Legal Frameworks Essential for Global Capital Movement, Says India’s Attorney General

At the India UAE Business Forum in Dubai, India's Attorney General R. Venkataramani emphasized the critical role of robust legal frameworks in facilitating global capital movement. The event highlighted India's legal reforms and their impact on attra...

May 29, 2024 12:22 PM

Paytm denies media report on stake sale to Adani Group, terms it “speculative”

Hours after a media report claimed that Adani Group Chairman Gautam Adani was in talks with Paytm founder Vijay Shankar Sharma to buy a stake in Paytm, the popular fintech company termed the report "speculative". Paytm informed stock exchanges in a ...

May 29, 2024 12:00 PM

IMF upgrades China’s 2024, 2025 GDP growth forecasts but warns of risks ahead

China's economy is set to grow 5% this year, after a "strong" first quarter, the International Monetary Fund said on Wednesday, upgrading its earlier forecast of 4.6% expansion though it expects slower growth in the years ahead. The global lender's ...

May 29, 2024 11:47 AM

RBI unveils PRAVAAH portal, retail direct app, and fintech repository for enhanced public access

The Reserve Bank of India has launched three major initiatives - the PRAVAAH portal, the Retail Direct Mobile App and a FinTech Repository - aimed at enhancing public access to the central bank and facilitating regulatory approvals and transactions. ...