DDIndia Business: Economic Headlines & Updates

Business

May 27, 2024 7:14 PM

Shares nudge higher as US, EU inflation data loom

World shares firmed on Monday as investors braced for a busy run of inflation data that could set the scene for a European rate cut as soon as next week and a U.S. policy easing within just a few months. Holidays in Britain and the United States...

May 27, 2024 5:43 PM

Sensex, Nifty touch record highs before closing flat

India's benchmark indices surged to record highs on Monday, propelled by gains in private banking stocks. The Sensex breached the 76,000-mark for the first time, hitting 76,010, while the NSE Nifty50 scaled a new summit at 23,111 before retrac...

May 27, 2024 3:38 PM

Russia invites Afghanistan’s Taliban to major economic forum

Russia has invited Afghanistan's Taliban to its biggest annual economic forum as Moscow moves to remove a ban on the Islamist movement, a senior Russian diplomat was quoted as saying on Monday. Since the Taliban seized power in August 2021 as U.S.-l...

May 27, 2024 2:02 PM

Asia shares nudge higher as US, EU inflation data loom

Asian shares firmed on Monday as investors braced for a busy run of inflation data that could set the scene for a European rate cut as soon as next week and a U.S. policy easing within just a few months. Holidays in Britain and the United States mad...

May 27, 2024 12:03 PM

Investors bet on Indian stocks expecting PM Modi’s return to office, indices at fresh high

Indian stock indices continued their rally, reaching yet another fresh lifetime high on Monday tracking strong global market cues, hopes of Prime Minister Narendra Modi's comfortable return to office, besides other strong macroeconomic fundamentals. ...

May 26, 2024 5:43 PM

For road transport operators, revenue growth expected to double to 9-11% this year

India's road transport fleet operators are set to witness a substantial boost in revenue growth, with projections suggesting it could double to 9-11 percent in the current financial year 2024-25, according to a report by Crisil Ratings. The rating a...

May 26, 2024 11:47 AM

Indian High Commissioner inaugurates new Indian investment in Bangladesh

High Commissioner of India in Bangladesh Pranay Verma and Investment Adviser of Bangladesh Prime Minister Salman Fazlur Rahman on Saturday jointly inaugurated a new plant of India’s leading pharmaceutical company, Sun Pharma, near Dhaka. This is th...

May 25, 2024 6:05 PM

Maldives to introduce India’s RuPay service to strengthen economy

The Maldives is set to introduce India’s RuPay payment system, a move expected to strengthen the Maldivian Rufiyaa. Although no specific launch date has been announced, this initiative is seen as a step towards enhancing the country's financial sta...

May 25, 2024 10:04 AM

India’s forex reserves jump third week to hit fresh lifetime high

India's foreign exchange reserves rose for the third straight week, by USD 4.549 billion to USD 648.700 billion in the week that ended on May 17, according to data shared by the Reserve Bank of India (RBI). In the process, they touched a fresh lifeti...

May 24, 2024 5:51 PM

Market fails to hold record high, ends flat amid volatility

In a rangebound trading session on May 24, India's benchmark indices reached fresh record highs, with the Nifty surpassing the 23,000 mark for the first time. Despite the early gains, the indices failed to maintain higher levels and ended the day wit...