DDIndia Business: Economic Headlines & Updates

Business

April 26, 2024 6:12 PM

Dhaka, Bangkok sign five bilateral documents

Bangladesh and Thailand on Friday signed five bilateral documents for visa exemption, cooperation on energy, tourism and customs matters and negotiation of Free Trade Agreement (FTA) between the two countries. The documents -an agreement, three Memo...

April 26, 2024 10:12 AM

China must stop aiding Russia if it seeks good relations with West, NATO says

China must stop supporting Russia's war in Ukraine if it wants to enjoy good relations with the West, NATO Secretary-General Jens Stoltenberg said on Thursday, warning Beijing in unusually harsh words it cannot have it both ways. During a visit to B...

April 25, 2024 5:37 PM

EU launches probe into China’s medical device procurement practices

The European Commission has launched an investigation into China's alleged practice of favoring domestic companies in tenders for medical devices. This move comes amid longstanding grievances from the European Union (EU) regarding discriminatory prac...

April 25, 2024 11:23 AM

RBI directs Kotak Mahindra Bank to cease issuing fresh credit cards

The Reserve Bank of India has directed Kotak Mahindra Bank to cease issuing fresh credit cards and onboarding new customers through online and mobile banking channels. In a press release, the RBI said that “these actions are necessitated based on ...

April 24, 2024 4:41 PM

Modi has done an unbelievable job in India, says JPMorgan Chase CEO Jamie Dimon

Jamie Dimon, Chairman and CEO of JPMorgan Chase, praised Prime Minister Narendra Modi on Tuesday, saying India has made remarkable progress under his leadership. Dimon's was speaking at a luncheon organized by the Economic Club of New York. A video ...

April 24, 2024 11:01 AM

NSE introduces derivatives on Nifty Next 50 from today

The National Stock Exchange of India (NSE) will launch derivatives contracts on Nifty Next 50 Index (NIFTYNXT50) from Wednesday. Securities and Exchange Board of India (SEBI) has approved derivatives on the Nifty Next 50 Index on NSE. Derivative con...

April 23, 2024 10:32 PM

UK to spend 2.5% of GDP on defence by 2030, says Sunak

Prime Minister Rishi Sunak said on Tuesday he would lift defence spending to 2.5% of GDP a year by 2030, saying the British arms industry must be on a "war footing" when the world is at its most dangerous since the Cold War. Standing alongside N...

April 23, 2024 3:01 PM

Indian economy’s stellar performance to continue with 7% growth: RBI member

India's economy is showing no signs of slowing down, with the Reserve Bank of India's Monetary Policy Committee (MPC) member Shashanka Bhide exuding confidence that the country can sustain a robust 7% growth rate in the current fiscal year and beyond...

April 19, 2024 3:50 PM

Indian Railways prepares for summer travel surge with over 9,000 trips

Indian Railways will operate a record 9,111 trips this summer to accommodate the anticipated surge in travel demand and ensure passenger convenience. This marks a substantial increase from the previous summer when the Railways operated 6,369 trips. ...

April 19, 2024 2:26 PM

India will grow at 6.5%, outpacing global average of 2.6%: UNCTD report

India is expected to sustain its growth momentum at 6.5% in 2024, according to a report released by the United Nations Conference on Trade and Development (UNCTD). The report underscores India’s resilience amidst global economic challenges, citing...