DDIndia Business: Economic Headlines & Updates

Business

May 10, 2024 7:14 PM

India’s industrial production surges by 4.9% in March

India's industrial sector witnessed a significant growth in March 2024, with the Index of Industrial Production (IIP) rising by 4.9% compared to the same period last year. This growth reflects a positive trend in the country's manufacturing, mining, ...

May 10, 2024 2:04 PM

Global Markets: Asia stocks rally on renewed global rate cut optimism

Asian stocks rose on Friday, on course for a third week of gains, while the dollar was steady as fresh signs of an easing U.S. labour market stoked optimism around interest rate cuts this year ahead of next week's crucial inflation data. Sterling wa...

May 10, 2024 1:47 PM

Jaishankar expresses confidence in India-EU partnership growing further

External Affairs Minister S Jaishankar expressed confidence that the partnership between India and the European Union (EU) will continue to grow in the times ahead, emphasizing the consequential nature of their ties not only for the two sides but als...

May 10, 2024 9:56 AM

US top diplomat Donald Lu embarks on India visit from May 10

The Assistant Secretary of State for South and Central Asian Affairs, Donald Lu, has embarked on an official visit to India, Sri Lanka, and Bangladesh from May 10-15, the US State Department said. Lu's trip will strengthen bilateral cooperation with...

May 9, 2024 11:36 PM

SBI’s net profit grows 18% in fourth quarter, 20.5% for entire 2023-24

The State Bank of India (SBI), the country's largest lender, has reported an 18 percent rise in consolidated net profit at Rs 21,384 crore for the quarter that ended in March, aided by strong credit growth. SBI reported a net profit of Rs 18,094 c...

May 9, 2024 7:03 PM

Iran to import no wheat until March 2025, ministry official says

Iran will not import any wheat until March 2025 as it will rely on domestic production, the Iranian Student News Agency reported a deputy at the Agriculture Ministry saying on Thursday. "Between March 2023 and March 2024, domestic production of whea...

May 9, 2024 5:25 PM

Sensex plunges 1000 points, Nifty closes below 22,000

The BSE Sensex and Nifty closed Thursday’s trading session sharply lower. The Nifty slumped 1.55% to 21,957.50 points, while the Sensex fell 1.45% to 72,404.17 at the close. Several sectoral indices faced sharp declines, with Nifty Oil & Gas b...

May 9, 2024 3:12 PM

India overtakes Japan to become world’s third largest solar power generator: report

India has overtaken Japan to become the world's third-largest solar power generator in 2023, according to a report by the global energy think tank, Ember. The Global Electricity Review 2024, released on Wednesday, offers a detailed analysis of power...

May 9, 2024 1:11 PM

China’s exports and imports return to growth, signaling demand recovery

China's exports and imports returned to growth in April after contracting in the previous month, signaling an encouraging improvement in demand at home and overseas as Beijing navigates numerous challenges in an effort to shore up a shaky economy. T...

May 9, 2024 10:36 AM

Sensex, Nifty see second consecutive day of decline; Hero MotoCorp surges 4.6%, L&T dips 4.3%

The Indian stock market saw a downturn for the second day in a row on Thursday. The Sensex dropped by 0.64 percent to 73,003, while the Nifty fell by 0.61 percent to 22,162 as of 10:25 am. Hero MotoCorp emerged as the top performer with a significan...