DDIndia Business: Economic Headlines & Updates

Business

May 13, 2024 7:10 PM

India and Iran ink long-term deal for Chabahar Port Operations

In a significant milestone for the India-Iran relationship and to foster close cooperation to make Chabahar Port a regional trade transit and connectivity hub, the two countries on Monday signed a long-term contract for operating the Shahid-Beheshti ...

May 13, 2024 5:00 PM

Microsoft to invest 4 billion euros in France

Technology and software giant Microsoft will invest 4 billion euros ($4.3 billion) in France as part of the annual 'Choose France' business summit, its president Brad Smith announced on Monday (May 13). "We're going to spend 4-billion euros to build...

May 13, 2024 4:17 PM

South Korea’s top diplomat warns of rising economic competition with China

Economic relations between South Korea and China face risks and challenges due to increasingly fierce competition over technology, South Korea's Foreign Minister Cho Tae-yul said on Monday ahead of talks with his Chinese counterpart. Cho arrived i...

May 13, 2024 4:08 PM

Stocks grind towards record highs in inflation-heavy week

Global stocks neared record highs on Monday, in a week where inflation figures could make or break expectations for earlier U.S. rate cuts, while Chinese activity data will test optimism about a sustained recovery in the world's No. 2 economy. While...

May 12, 2024 2:07 PM

Reforms in accounting system needed to meet global standards: Bangladesh Finance Minister

Bangladesh Finance Minister Abul Hassan Mahmood Ali on Saturday said that reforms are needed in Bangladesh's accounting system in order to meet international standards and also to comply with the suggestions of the development partners. The finance ...

May 11, 2024 5:20 PM

India’s forex reserves rise USD 3.7 billion in latest week

India's foreign exchange reserves witnessed a significant rebound, rising by $3.668 billion to $641.590 billion in the week ended May 3, according to data released by the Reserve Bank of India (RBI). This increase comes after three consecutive weeks ...

May 11, 2024 12:43 AM

Dileep Sanghani elected as Chairman of IFFCO

Indian Farmers Fertiliser Cooperative (IFFCO) conducted its 15th RGB elections for its Board of Directors, covering members from more than 36,000 cooperative societies at IFFCO Sadan, New Delhi. A massive exercise that was started in the month of ...

May 10, 2024 10:48 PM

Cipla open to partnering with Eli Lilly to market their obesity drugs, CEO says

Cipla open to partnering with Eli Lilly to market their obesity drugs, CEO says Cipla is open to partnering with U.S. drugmaker Eli Lilly to market its blockbuster obesity treatment drugs in India, the company's CEO said on Friday. 'Absolutely and ...

May 10, 2024 7:23 PM

India poised to become world’s third largest consumer market by 2026 outpacing Germany, Japan

India is set to solidify its position as a global economic powerhouse as it gears up to become the world's third-largest consumer market by 2026, according to the 'India Economic Perspectives' report by UBS. Despite facing challenges, the ...