DDIndia Business: Economic Headlines & Updates

Business

September 27, 2024 1:28 PM

Railway Minister Ashwini Vaishnaw announces 12,500 coaches for festive season

Railway Minister Ashwini Vaishnaw on Friday announced the addition of coaches and special trains across the country for Chhath Puja and Diwali, aiming to make travel easier for passengers. “This festive season, we have increased general coaches in...

September 27, 2024 1:15 PM

Govt to issue Rs 20,000 cr ‘Sovereign Green Bonds’ in four tranches this fiscal

The central government has announced plans to collect ₹20,000 crore through the issuance of 'Sovereign Green Bonds' in the second half of the financial year 2024-25 (October-March), Finance Ministry said in a press release. The government aims to ...

September 27, 2024 12:36 PM

Pakistan wins more financing assurances from China, UAE, Saudi IMF official says

Pakistan has received "significant financing assurances" from China, Saudi Arabia and the United Arab Emirates linked to a new International Monetary Fund program that go beyond a deal to roll over $12 billion in bilateral loans owed to them by Islam...

September 27, 2024 8:34 AM

PM Modi meets leadership team of Tata Sons, PSMC; discusses semiconductor manufacturing projects

Prime Minister Narendra Modi on Thursday met with the leadership team of Tata Sons and Taiwan-based Powerchip Semiconductor Manufacturing Corporation (PSMC). The discussion focused on updates regarding semiconductor manufacturing projects in India. P...

September 26, 2024 6:28 PM

Private investment cycle strengthens as FDI inflows surge: Finance Ministry Report

The latest monthly economic review from the Ministry of Finance highlights a strengthening private investment cycle in India. In the April-June quarter, overall investment grew by 7.5 percent, reflecting increased private sector participation. Forei...

September 26, 2024 5:45 PM

Nepal eyes green energy trade to reduce trade deficit with India

At the 30th annual general meeting of the Nepal-India Chamber of Commerce and Industry (NICCI), Nepal’s Minister of Energy and Water Resources, Deepak Khadka, discussed the country’s plan to reduce its trade deficit with India by boosting green e...

September 26, 2024 5:12 PM

Sensex, Nifty hit record highs for sixth consecutive session

India's benchmark indices continued their upward momentum, with both the Sensex and Nifty reaching record highs for the sixth consecutive session on Thursday, driven by gains in auto and banking stocks. The Sensex surged 666.25 points, or 0.78 perce...

September 25, 2024 6:27 PM

India’s coal imports rise amid surge in power generation

India, which holds the fifth-largest coal reserves globally, ranks as the second-largest coal consumer, fueled by a rapidly expanding economy. However, the current consumption scenario highlights a pressing need for imports, especially for coking coa...

September 25, 2024 5:50 PM

Manufacturing sector to account for 25% of India’s economy by 2047: Piyush Goyal

On the 10th anniversary of the 'Make in India' initiative, Union Minister of Commerce and Industry, Piyush Goyal, outlined the country's future growth trajectory, with manufacturing set to play a central role. Speaking on Wednesday, Goyal projected t...

September 25, 2024 4:49 PM

Sensex, Nifty soar to new record highs

India’s benchmark indices continued their record-breaking run on Wednesday, with the Nifty closing above the 26,000 mark for the first time, buoyed by strong gains in energy, metal, and media stocks. The Sensex added 255.83 points, or 0.30 per...