DDIndia Business: Economic Headlines & Updates

Business

July 19, 2024 5:20 PM

Sensex, Nifty end sharply lower

Indian shares fell from record highs to end lower on Friday due to broad-based profit booking ahead of the national budget and a global cyber outage impacting multiple sectors. NSE Nifty 50 dropped 1.09% to 24,530.9, and BSE Sensex fell 0.91% to 80,...

July 19, 2024 3:58 PM

China reaffirms lofty policy goals, offers no implementation details

Chinese leaders reiterated their wide-ranging economic policy goals on Thursday, from modernizing industry to expanding domestic demand and curbing debt and property sector risks, without detailing implementation steps. The pledges were published in...

July 19, 2024 3:31 PM

Participation in global value chains key to India’s rise as electronics powerhouse, says NITI Aayog report

India needs to enhance its participation in global value chains (GVCs), which account for 70% of global trade, to establish itself as a leading manufacturing hub for electronics, according to a report published by the policy think tank NITI Aayog. T...

July 19, 2024 4:38 PM

Microsoft server outage affects airlines and businesses globally

A technical glitch in Microsoft's servers on Friday led to widespread disruptions across various global services, impacting aviation operations in India and other countries, and halting banking functions. The outage also caused the UK’s Sky News...

July 18, 2024 6:02 PM

India’s counter-drone market set to soar with 28% annual growth over next five years: Report

India's counter-drone market is expected to grow at an annual rate of 28% over the next five years, according to a report by financial services company Motilal Oswal. This growth is driven by an increased need for systems to counter aerial attacks. ...

July 18, 2024 2:29 PM

FICCI forecasts 7 percent annual GDP growth for India in 2024-25

The Federation of Indian Chambers of Commerce & Industry (FICCI) has forecasted a 7.0% annual median GDP growth for India in the fiscal year 2024-25, according to its latest Economic Outlook Survey. "Despite persisting headwinds, India's economi...

July 18, 2024 2:02 PM

EAM Jaishankar inaugurates India’s first overseas Jan Aushadhi Kendra in Mauritius

External Affairs Minister S. Jaishankar inaugurated India's first overseas Jan Aushadhi Kendra in Mauritius on Wednesday, marking a significant step in strengthening ties between the two nations. Mauritius Prime Minister Pravind Kumar Jugnauth was al...

July 18, 2024 10:52 AM

Nifty, Sensex decline amid weak global cues

Indian benchmark indices declined in early trade on Thursday, tracking a sharp slide in Asian markets. The Nifty 50 was down 0.26% to 24,543.80 while the BSE Sensex fell 0.23% to 80,514.25, as of 9:26 a.m. However, both indices soon recouped losses...

July 17, 2024 11:13 AM

Indian stock markets closed for Muharram holiday; trading to resume Thursday

Indian stock markets are closed today in observance of the Muharram holiday, with trading set to resume on Thursday. In other Asian markets, Japan's Nikkei 225 experienced a modest increase, gaining 40 points to reach 41,310.70. Meanwhile, Hong Kong...

July 16, 2024 9:49 PM

IMF further raises India’s growth projection to 7% for 2024; country fastest-growing among major economies

The International Monetary Fund (IMF), in its latest outlook, has raised India's growth projections for 2024 from 6.8 per cent earlier to 7 per cent, with the country maintaining the fastest-growing status in emerging markets and developing economi...