DDIndia Business: Economic Headlines & Updates

Business

April 13, 2025 1:02 PM

Irish regulator investigates X over use of EU personal data to train Grok AI

Ireland's data regulator on Saturday said it had opened an investigation into social media platform X over the use of personal data collected from European Union users to train its AI system Grok. Ireland's Data Protection Commission (DPC) is the le...

April 12, 2025 7:34 PM

Argentina seals $20 billion IMF deal, tears down currency controls

Argentina sealed a $20 billion, 48-month Extended Fund Facility deal with the International Monetary Fund on Friday and, in a major policy move ahead of the deal, dismantled key parts of its years-long currency controls and loosened its grip on the p...

April 12, 2025 1:01 PM

India showcases BioE3 Policy and biorefinery initiatives at Mission Innovation Annual Gathering 2025 in Seoul

In a significant move to reaffirm its commitment to clean energy innovation, India highlighted its BioE3 Policy and Integrated Biorefinery Mission at the Mission Innovation Annual Gathering 2025 held in Seoul, South Korea from April 9 to 11. The gath...

April 11, 2025 6:52 PM

India’s forex reserves surge to $676.3 billion

India’s foreign exchange reserves rose sharply by $10.8 billion to reach $676.3 billion in the week ended April 4, according to the Reserve Bank of India’s latest data released on Friday. This marks the fifth straight week of gains in the country...

April 11, 2025 6:26 PM

India’s industrial output grows 2.9% in February 2025

India’s Index of Industrial Production (IIP) rose 2.9% year-on-year in February 2025, a moderate expansion compared to the 5.0% growth recorded in January, according to the Ministry of Statistics and Programme Implementation. The data reflects...

April 11, 2025 4:54 PM

China raises duties on US goods to 125%, calls Trump tariff hikes a ‘joke’

China hiked its levies on imports of U.S. goods to 125% on Friday, hitting back at Donald Trump's decision to single out the world's No.2 economy for higher duties, while dismissing the U.S. president's tariff strategy as "a joke." Investors had bee...

April 11, 2025 4:49 PM

Sensex soars over 1,300 points as Trump suspends tariffs till July 9

Indian equity markets surged sharply on Thursday, with the Sensex climbing over 1,300 points, after US President Donald Trump announced a 90-day pause on trade tariffs for most countries, including India. The move buoyed investor sentiment despite li...

April 11, 2025 4:19 PM

NSE adds over 2 crore new investor accounts in just 6 months

The total number of investor accounts on the National Stock Exchange (NSE) has surpassed 22 crore this month, marking a sharp rise of over 2 crore accounts in just six months since it crossed the 20-crore mark in October 2024. As of March 31, 2025, ...

April 11, 2025 4:17 PM

Impact of tariffs on developing countries could be ‘catastrophic’, says UN trade agency

Sweeping tariffs on imports imposed by U.S. President Donald Trump and countermeasures could have a "catastrophic" impact on developing countries, hitting even harder than foreign aid cuts, the director of the United Nations trade agency said on Frid...

April 11, 2025 3:48 PM

India Weaves Growth: Silk production rises to 38,913 MT, exports cross Rs. 2,000 crore, benefiting over 78,000 under government schemes

India’s silk story is not just about tradition—it's a tale of transformation and triumph. In 2023-24, the country produced 38,913 metric tonnes of raw silk and exported silk products worth Rs. 2,027.56 crore, solidifying its position as the world...

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