DDIndia Business: Economic Headlines & Updates

Business

September 24, 2024 8:00 PM

India Remains Nepal’s Largest Trading Partner

India continues to hold its position as Nepal's largest trading partner, according to the latest Nepal Trade Statistics released by the Department of Customs. As of mid-September in the fiscal year 2024-25, Nepal’s trade deficit reached NPR 237.45 ...

September 24, 2024 5:00 PM

Basmati rice exports seen surging after floor price removed

India's decision to remove the floor price for basmati rice exports is expected to spur a flurry of orders from the Middle East, Europe, and the Americas, leading exporters said, helping New Delhi to increase its share of the global market. The worl...

September 24, 2024 4:50 PM

Sensex, Nifty hit fresh highs amid global rate cuts

India’s benchmark indices extended their rally, reaching record highs for the fourth consecutive session on Tuesday. The Nifty crossed the 26,000 mark for the first time, while the Sensex surged past 85,000. At the close of trading, the Sensex set...

September 24, 2024 3:36 PM

China’s central bank unveils most aggressive stimulus since pandemic

China's central bank on Tuesday unveiled its biggest stimulus since the pandemic to pull the economy out of its deflationary funk and back towards the government's growth target, but analysts warned more fiscal help was vital to hit these goals. The...

September 24, 2024 3:27 PM

S&P retains India’s growth forecast at 6.8%

India’s economy remains on a positive trajectory despite ongoing fluctuations. Global ratings agency S&P has upheld its forecast for India's economic growth at 6.8% for the current fiscal year 2024-25. The agency is also hopeful that the Reserv...

September 24, 2024 11:50 AM

US sees India as a partner, not a counterbalance to China, says Ambassador Eric Garcetti

The United States views India as a "friend and partner," rather than a counterbalance to China, emphasized US Ambassador to India Eric Garcetti in a recent interview. Garcetti underscored the strong partnership between the two nations, grounded in sh...

September 23, 2024 8:25 PM

93% of Futures and Options investors incur significant losses, reveals SEBI study

A recent study by the Securities and Exchange Board of India (SEBI) has revealed that approximately 93 per cent of individual traders in the equity futures and options (F&O) segment experience losses. The report highlights that over 9 out of 10 t...

September 23, 2024 6:11 PM

Euro drops as glum PMI readings stoke bets on more ECB easing

The euro fell against the dollar on Monday as business activity readings painted a grim picture of the euro zone economy and fuelled bets on more interest rate cuts by the European Central Bank (ECB) this year. The common currency dropped 0.4% to $1...

September 23, 2024 5:00 PM

World Free Zones Congress Kicks Off in Dubai, Focusing on Global Economic Shifts

The 10th annual World Free Zones Organisation (World FZO) Congress commenced today at the Madinat Jumeirah in Dubai. Running from September 23rd to 25th, this year's event brings together leading experts, decision-makers, and stakeholders from the fr...

September 23, 2024 4:37 PM

Sterling at two-year peak versus euro after PMI data

Sterling dipped against the dollar on Monday but touched a new two-year high versus the euro as business activity readings pointed to diverging economic cycles in the British and euro zone economies. The pound slipped 0.2% to $1.3298, hovering below...