DDIndia Business: Economic Headlines & Updates

Business

September 14, 2024 4:03 PM

India, Argentina hold 7th round of Foreign Office Consultations, discuss areas of cooperation

India and Argentina have concluded their seventh round of Foreign Office Consultations (FOCs) in Buenos Aires, marking a significant step in reinforcing bilateral relations between the two nations. The talks, held on Friday, covered a wide range of t...

September 14, 2024 2:52 PM

CCI probe finds Amazon, Walmart’s Flipkart breached antitrust laws

The Competition Commission of India (CCI) investigation has found U.S. e-commerce giant Amazon and Walmart's Flipkart violated local competition laws by giving preference to select sellers on their shopping websites, Reuters reported. CCI in 2020 or...

September 14, 2024 1:41 PM

US locks in steep China tariff hikes, some industries warn of disruptions

The Biden administration on Friday locked in steep tariff hikes on Chinese imports, including a 100% duty on electric vehicles, to boost protections for strategic industries from China's state-driven industrial practices. The U.S. Trade Representati...

September 14, 2024 10:45 AM

OpenAI’s stunning $150 billion valuation hinges on upending corporate structure, sources say

OpenAI's new financing round is expected to come in the form of convertible notes, according to sources with direct knowledge of the matter, who said its $150 billion valuation will be contingent on whether the ChatGPT-maker can upend its corporate s...

September 13, 2024 5:16 PM

TikTok faces crucial court hearing that could decide fate in US

TikTok and parent company ByteDance face a key court hearing on Monday in a legal battle seeking to block a law that could ban the app used by 170 million Americans as soon as Jan. 19. The U.S. Court of Appeals for the District of Columbia will hold...

September 13, 2024 8:34 PM

Ford announces plans to restart manufacturing plant in Tamil Nadu for global exports

Ford Motor Company said on Friday it intends to restart operations at its manufacturing plant in Tamil Nadu. The American automaker aims to repurpose the facility for export-focused production, marking a new chapter in its relationship with the India...

September 13, 2024 4:38 PM

Sensex, Nifty end lower after record highs

India’s benchmark indices closed marginally lower on Friday, after reaching their record highs in the previous session. The Sensex dropped 71.77 points, or 0.09%, to settle at 82,890.94, while the Nifty slipped 32.40 points, or 0.13%, closing at 25...

September 13, 2024 5:02 PM

Nine European countries protest against IMF resuming missions to Russia

Nine European countries protested on Friday against the International Monetary Fund's plans to resume missions to Russia, saying it would damage the reputation of the Fund to resume dialogue with a country that has invaded another. After Moscow's al...

September 13, 2024 1:30 PM

OpenAI launches new series of AI models with ‘reasoning’ abilities

Microsoft-backed OpenAI said on Thursday it was launching its "Strawberry" series of AI models designed to spend more time processing answers to queries in order to solve hard problems. The models are capable of reasoning through complex tasks and c...

September 13, 2024 10:12 AM

Sensex, Nifty open near record highs as global markets surge

India's benchmark indices hovered near record highs on Friday, driven by a rally in Asian markets as investors anticipated a 50-basis-point interest rate cut by the U.S. Federal Reserve. At the opening bell, the Nifty 50 climbed to 25,430.45, markin...