DDIndia Business: Economic Headlines & Updates

Business

May 3, 2024 12:23 PM

Nifty 50 opens at record high as Indian indices track Asian peers

Nifty 50 opens at record high as Indian indices track Asian peers India’s benchmark indices witnessed sharp gains during the opening session on Friday, with the Nifty 50 surging to a record high, buoyed by a positive trend in global markets. The ...

May 3, 2024 11:09 AM

Apple sales fall less than expected, CEO sees return to growth

Apple on Thursday reported a shallower than expected decline in quarterly revenue, and Chief Executive Tim Cook told Reuters the company expects a return to sales growth in the current quarter as it invests in AI features to be unveiled in the coming...

May 3, 2024 10:44 AM

Asian stocks surge on tech boost; yen extends gains to cap wild week

Asian stocks rallied on Friday after Apple's record $110 billion share buyback plan lifted the tech sector, while the yen put more distance from recent 34-year lows to cap a tumultuous week that saw suspected interventions from Tokyo. With markets i...

May 3, 2024 11:03 AM

South Korea to slap fines on food suppliers for ‘shrinkflation’

South Korea's antitrust regulator said on Friday food makers and suppliers will be required to notify shoppers if they reduce the size of their products or face fines of up to 10 million won ($7,300). The Fair Trade Commission (FTC) said it has desi...

May 2, 2024 11:35 PM

US STOCKS: Wall Street gains on Fed’s dovish signals

Wall Street's main indexes advanced on Thursday, a day after the Federal Reserve left interest rates unchanged and signaled a dovish tilt, with focus moving to a crucial job report later in the week. While Fed Chair Jerome Powell indicated that s...

May 2, 2024 11:09 PM

India and New Zealand hold 11th Joint Trade Committee meeting to strengthen trade relations

India and New Zealand concluded the 11th Joint Trade Committee (JTC) meeting in New Zealand on Thursday. Led by Commerce Secretary Sunil Barthwal, the Indian delegation engaged in fruitful discussions with key stakeholders, including New Zealand'...

May 2, 2024 9:22 PM

Indian markets gained after the U.S Fed kept rates unchanged

Indian benchmark indices closed with gain on Thursday after the US Federal Reserve kept the interest rates unchanged for the sixth straight time. The Nifty 50 index gained 43 points to close at 22,648 points while the BSE Sensex gained 128.33 points...

May 2, 2024 9:29 PM

RBI says 97.76% of Rs 2000 currency notes returned to banking system

The Reserve Bank of India (RBI) has issued an update regarding the withdrawal of Rs 2000 denomination banknotes from circulation. According to the RBI press release, the total value of Rs 2000 banknotes in circulation, which was Rs 3.56 lakh crore as...

May 2, 2024 5:46 PM

Sharjah Trade Mission Heads to India to Boost Economic Ties

The Sharjah Chamber of Commerce and Industry (SCCI) is leading a high-profile trade delegation to India as India and the UAE mark two years of the Comprehensive Economic Partnership Agreement. The delegation will visit India from May 5-10 to explore ...

May 2, 2024 5:48 PM

OECD upgrades global growth outlook as U.S. outperforms

The global economy is growing faster than expected only a few months ago thanks to resilient U.S. activity while inflation is converging more quickly than expected with central banks' targets, the OECD said on Thursday, upgrading its outlook. The gl...