DDIndia Business: Economic Headlines & Updates

Business

January 24, 2024 11:15 AM

India’s ACME and Japan’s IHI sign for green ammonia supply deal

Leading renewable energy company ACME Group in India and Japanese integrated heavy industry group IHI Corporation have signed an offtake term sheet. The agreement, signed by Manoj Upadhyay, Founder and Chairman of Acme Group, and Hiroshi Ide, Preside...

January 23, 2024 5:42 PM

Zee shares plummet 30% after Sony merger cancellation

Shares of Zee Entertainment saw a sharp 30% decline on Tuesday following the cancellation of its high-stakes $10 billion merger deal with Sony Pictures. The stock, last trading at 164.45 rupees, marked a loss of over $800 million in market value and ...

January 24, 2024 9:17 AM

All eyes fixed on fastest-growing India as it pips Hong Kong to become 4th-largest stock market

Firm GDP growth forecasts, inflation at manageable levels, political stability at the central government level and signs that the central bank is done with tightening its monetary policy have all contributed to painting a bright picture for the India...

January 19, 2024 10:45 AM

NITI Aayog, MoA & FW and FAO launch Investment Forum for Climate Resilient Agrifood Systems in India

The National Institution for Transforming India (NITI Aayog), the Ministry of Agriculture and Farmers’ Welfare (MoA&FW), Government of India, and the Food and Agriculture Organization of the United Nations (FAO) jointly launched the ‘Investme...

January 19, 2024 9:33 AM

PM Modi on a two-day visit to Maharashtra, Karnataka & Tamil Nadu to take part in various events

Prime Minister Narendra Modi will embark on a two-day visit to Maharashtra, Karnataka and Tamil Nadu from today. At Solapur in Maharashtra this morning, the Prime Minister will lay the foundation stone of 8 projects of Atal Mission for Rejuvenation a...

January 18, 2024 3:55 PM

Cabinet approves creation of three officer-level posts for 16th Finance Commission

The Union Cabinet, chaired by Prime Minister Narendra Modi, has granted approval for the establishment of three officer-level posts to support the 16th Finance Commission. The newly instituted positions consist of two Joint Secretary-level roles and ...

January 18, 2024 11:36 AM

Union Minister Smriti Irani announces establishment of B20 Global Institute at WEF Davos

On the sidelines of the World Economic Forum in Davos, Union Minister Smriti Irani on Wednesday announced the creation of the B20 Global Institute, in line with India's commitment during the G20 summit in Delhi last year. In a post on social media X...

January 18, 2024 10:42 AM

WEF: Vaishnaw says, India’s semiconductor mission is focussed on talent development, designing entire chip

Union Minister of Electronics and Information Technology Ashwini Vaishnaw said that India's semiconductor mission is focussed on talent development and designing the entire chip. In just 24 months or so, India has tied up with 104 universities, redes...

January 17, 2024 5:53 PM

Aramco CEO foresees tighter oil markets amid Red Sea risks

The CEO of Saudi oil giant Aramco, Amin Nasser, has expressed concerns over potential disruptions in global oil markets due to prolonged attacks by the Houthis in the Red Sea. Nasser anticipates a shortage of tankers, leading to delays in supply as v...

January 17, 2024 3:29 PM

India levies 50% export duty on sugar-derivative molasses

The Indian government has imposed a 50% export duty on molasses due to the potential decrease in domestic sugar production this season. According to an official notification from the Ministry of Finance, the proposed export duty will take effect on J...