DDIndia Business: Economic Headlines & Updates

Business

July 9, 2024 5:44 PM

Sensex, Nifty close at record highs

Indian benchmark indices closed at fresh all-time highs on Tuesday. The Sensex rose 391.26 points, or 0.49 percent, to 80,351.64, while the Nifty climbed 112.70 points, or 0.46 percent, to end at 24,433.20. Among the sectoral indices, shares of the...

July 9, 2024 4:57 PM

Novo Nordisk shares down after analysis finds Lilly drug leads to better weight loss

Shares in Novo Nordisk, maker of the wildly popular obesity drug Wegovy were down 1.1% on Tuesday after the publication of a data analysis showing rival Eli Lilly's own treatment Mounjaro leads to faster and greater weight loss. The analysis was pub...

July 9, 2024 12:36 PM

Tributes pour in as Indian business tycoon and philanthropist Ram Buxani passes away in Dubai

The business and expatriate community in the United Arab Emirates is mourning the loss of prominent Indian businessman and philanthropist Ram Buxani, who passed away in Dubai. Buxani, a stalwart of the Indian business community in the UAE, leaves beh...

July 9, 2024 11:07 AM

Sensex, Nifty open higher; Maruti Suzuki shares surge

Indian benchmark indices gained in early trade on Tuesday, led by shares of Maruti Suzuki, which surged by more than 4 percent. The NSE Nifty 50 gained 0.14 percent to 24,354, while the BSE Sensex added 0.21 percent to 80,126 as of 10:30 AM. In the...

July 8, 2024 9:05 PM

India doubts credibility of Citigroup report on state of employment

The Indian government has strongly refuted a recent Citigroup report on the state of employment in India, calling into question its credibility and methodology. In a statement released Monday, the Ministry of Labour and Employment criticized the repo...

July 8, 2024 8:19 PM

Interview with Dr. Adarsh Swaika, Ambassador to Kuwait on Hindi Radio Program

In a development for cultural diplomacy, Kuwait has launched a Hindi radio program on its national broadcasting network. This initiative has garnered attention not only from the Indian diaspora in Kuwait but also from Prime Minister Narendra Modi, wh...

July 9, 2024 11:19 AM

SBI research suggests centre to target 4.9% fiscal deficit in 2024

As the Modi government prepares to present its first full budget of its third term on July 23, SBI Research has recommended a focus on fiscal prudence and continued consolidation. The research arm of India's largest public sector bank suggests the g...

July 8, 2024 10:48 AM

Sensex, Nifty open lower as banking stocks drag

Indian benchmark indices declined during the opening trade on Monday, with the NSE Nifty 50 index falling 30 points to 24,300 and the BSE Sensex dropping 150 points to 79,841. Among the sectoral indices, Nifty Bank, Nifty Financial Services, Nifty P...

July 7, 2024 8:30 PM

Pre-Budget consultation meetings for union budget 2024-25 conclude

The Finance Ministry concluded the Pre-Budget consultations for the Union Budget 2024-25, which began on June 19, 2024. These meetings were chaired by Union Minister for Finance and Corporate Affairs Nirmala Sitharaman. A press release by the Mi...

July 6, 2024 5:54 PM

Budget session to be held from July 22 to Aug 12; Union Budget to be presented on July 23

The budget session of Parliament will be held from July 22 to August 12. The union budget for 2024-25 will be presented by Finance Minister Nirmala Sitharaman on July 23. This will be first full session of Parliament after the new members took oath ...