DDIndia Business: Economic Headlines & Updates

Business

November 1, 2023 2:52 PM

RBI to regulate cross-border payment facilitators

The Reserve Bank of India (RBI) has said it will directly regulate firms engaged in cross-border payment transactions for the import and export of goods and services. This regulatory step aims to combat the practice of small-scale imports of restri...

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November 1, 2023 10:39 AM

Asia’s factories squeezed as China’s nascent recovery teeters

Asia's manufacturers faced worsening pressure in October with factory activity in China slipping back into decline, clouding recovery prospects for the region's major exporters already squeezed by weaker global demand and higher prices. Purchasing m...

October 31, 2023 4:18 PM

Gold demand loses lustre in peak festive season as prices rally

Gold prices near record highs could dampen demand in India during the peak festival season and lead to the lowest purchase volumes in three years, the World Gold Council (WGC) said on Tuesday. India is the world's second-largest gold consumer, and a...

October 31, 2023 12:50 PM

Onion prices dip after Centre imposes export curbs

Onion prices in Maharashtra declined after the imposition of export restrictions by the central government, which set a minimum export price (MEP) of $800 last Saturday. A recent supply shortage triggered by an inadequate monsoon has pushed up onion...

October 27, 2023 2:29 PM

Mumbai airport to offer connectivity to 115 destinations this winter schedule

Mumbai's Chhatrapati Shivaji Maharaj International Airport is gearing up for a bustling winter season with a remarkable expansion in its flight operations. According to an official release, the airport is set to offer connectivity to a staggering 115...

October 27, 2023 9:32 AM

CCI Approves Renault and Nissan cross-shareholding rebalancing

The Competition Commission of India (CCI) has granted approval for a proposed combination involving the re-balancing of cross-shareholdings between two automotive giants, Renault and Nissan. This move has far-reaching implications for their joint ven...

October 25, 2023 12:27 PM

India set to be world’s third-largest economy by 2030: S&P Global

India, the world's fifth largest economy, is likely to overtake Japan to become the world's third-largest economy with a gross domestic product (GDP) of $7.3 trillion by 2030, S&P Global Market Intelligence said in its latest issue of Purchasin...

October 23, 2023 1:59 PM

RBI revises ‘Too Big to Fail’ classification for NBFCs

In the aftermath of the recent financial crisis, the issue of "too big to fail" (TBTF) has taken center stage in the ongoing debate on financial regulatory reform. This issue has been particularly prominent in developed economies such as the United S...

October 20, 2023 5:30 PM

Simmering tensions between India and Canada not to imperil trade, investments

India is not planning to impose any measures to curb imports or investments from Canada, despite simmering diplomatic tensions between the two countries, two senior government sources in New Delhi said. Ties between New Delhi and Ottawa deteriorat...

October 20, 2023 12:05 PM

India secure over 10 lakh crores investments in GMIS 2023

India has secured over 10 lakh crore investments within three days in Global Maritime India Summit (GMIS) 2023. Maritime Amritkaal Vision 2047 was also unveiled at this event. GMIS 2023 is a flagship event aimed at propelling the Indian mari...