DDIndia Business: Economic Headlines & Updates

Business

January 4, 2024 1:31 PM

Indian Missions honoured with ODOP award in New York, Vancouver and Nicosia

The Consulate General of India in Vancouver, the Consulate General of India in New York, and the High Commission of India in Nicosia, Cyprus received the National One District One Product Awards in the 'Missions' category. They were honoured for thei...

January 3, 2024 3:30 PM

SC declines to order SIT or CBI probe in Adani-Hindenburg row

In a relief to the Adani group of companies, the Supreme Court on Wednesday declined to transfer the probe from Securities and Exchange Board of India (SEBI) to a Special Investigation Team (SIT) or CBI into the Adani-Hindenburg issue over allegation...

January 3, 2024 1:47 PM

EAM Jaishankar to visit Kathmandu for 7th India-Nepal Joint Commission meeting

By Sweta Singh (Kathmandu): External Affairs Minister S. Jaishankar will visit Kathmandu from 04-05 January 2024 on the invitation of the Foreign Minister of Nepal, N.P. Saud, for co-chairing the 7th meeting of the India-Nepal Joint Commission. T...

January 2, 2024 3:35 PM

BRICS expansion: Shaping a Multipolar World

By Jessica Taneja: The BRICS alliance, initially forged in 2006 by Brazil, Russia, India, China, and South Africa, has undergone a transformative expansion in 2024. With the inclusion of Egypt, Ethiopia, Saudi Arabia, the United Arab Emirates, and I...

January 2, 2024 3:41 PM

Russia takes over BRICS chairmanship, considering inclusion of about 30 other countries

As Russia assumes the 2024 BRICS chairmanship, Russian President Vladimir Putin stressed the commitment to advancing global development and security through the theme "Strengthening Multilateralism for Equitable Global Development and Security." "Ru...

January 2, 2024 9:06 AM

GST collections continue robust growth, rise 10% to Rs 1.64 lakh crore in December

On the first day of the new year, there was uplifting news on the economic front as the Goods and Services Tax (GST) revenue collection witnessed a significant annual increase of 10% in December. According to the Ministry of Finance, the GST revenue ...

January 1, 2024 2:54 PM

Commercial gas cylinders become cheaper

The price of commercial gas cylinders has been reduced on the first day of the New Year 2024. Giving major relief, public sector oil and marketing companies have reduced the price of a 19-kg commercial gas cylinder by Rs 1.50 to Rs 4.50. The new rate...

January 1, 2024 1:20 PM

NPCI unveils UPI for secondary market

The National Payments Corporation of India (NPCI) officially introduced 'UPI for Secondary Market' on Monday, enhancing the ease of equity trading in the country. The initiative, approved by the Securities and Exchange Board of India (SEBI) a...

December 27, 2023 5:24 PM

Sensex, Nifty hit all-time highs amid global rally

India's benchmark indices surged to new heights on Wednesday, propelled by a global rally fueled by renewed optimism that the U.S. central bank would initiate rate cuts as early as March next year. The Sensex jumped 701.63 points or 0.98%, settling ...

December 27, 2023 8:51 AM

RBI releases a draft- ‘Licensing Framework for Authorised Persons’ under FEMA

The Reserve Bank of India (RBI) has released a draft- 'Licensing Framework for Authorised Persons (APs)' under Foreign Exchange Management Act (FEMA), 1999. According to RBI release, the focus of the draft norms is on rationalising the authorisation...