DDIndia Business: Economic Headlines & Updates

Business

May 4, 2024 5:54 PM

India lifts ban on onion exports after robust production

India lifted the restrictions on onion exports from Friday. The decision comes on the heels of robust kharif crop production in 2024 and favourable monsoon forecasts, coupled with stable market conditions both at the mandi and retail levels. "All re...

May 4, 2024 4:58 PM

Google trial wraps up as judge weighs landmark US antitrust claims

Google and the U.S. Justice Department wrapped up closing arguments on Friday over claims that the Alphabet unit has unlawfully dominated web search and related advertising, in a case the government contends could shape the “future of the internet....

May 3, 2024 5:29 PM

Sensex, Nifty decline amid selling pressure on large caps

The BSE Sensex and Nifty fell on Friday as selling pressure in index heavyweights after the Nifty hit a record high dragged the indices into negative territory. Additionally, market sentiment was dampened by rumors circulating about potential tax ch...

May 3, 2024 4:03 PM

India, Netherlands hold foreign office consultations, agree to further strengthen bilateral ties

India and the Netherlands held the 12th round of foreign office consultations (FOC) in The Hague on Thursday, agreeing to further strengthen bilateral ties by focusing on new and emerging technologies like semiconductors and green hydrogen. The Indi...

May 3, 2024 3:41 PM

Indian stock markets have given higher returns than gold and FDs in FY24

Indian stock markets have generated an impressive performance during the FY 2023-24. The Nifty 50 index delivered a substantial return of 29 percent in FY 24. According to the data shared by the National Stock Exchange (NSE), the growth of the India...

May 3, 2024 1:37 PM

Turkey halts trade with Israel over Gaza crisis

Citing the escalating humanitarian situation in Gaza, Turkey has halted all exports and imports to and from Israel, the Turkish Ministry of Trade announced, as per Al Jazeera's report. "Export and import transactions related to Israel have been stop...

May 3, 2024 12:17 PM

Amid heatwave, Bangladesh salt production hits 63-year high

Amid severe heat wave conditions in different parts of Bangladesh, the country's salt production has reached its highest output in 63 years. Salt farmers in Cox's Bazar and the Banshkhali coastal area of Chittagong said salt production will further i...

May 3, 2024 12:23 PM

Nifty 50 opens at record high as Indian indices track Asian peers

Nifty 50 opens at record high as Indian indices track Asian peers India’s benchmark indices witnessed sharp gains during the opening session on Friday, with the Nifty 50 surging to a record high, buoyed by a positive trend in global markets. The ...

May 3, 2024 11:09 AM

Apple sales fall less than expected, CEO sees return to growth

Apple on Thursday reported a shallower than expected decline in quarterly revenue, and Chief Executive Tim Cook told Reuters the company expects a return to sales growth in the current quarter as it invests in AI features to be unveiled in the coming...

May 3, 2024 10:44 AM

Asian stocks surge on tech boost; yen extends gains to cap wild week

Asian stocks rallied on Friday after Apple's record $110 billion share buyback plan lifted the tech sector, while the yen put more distance from recent 34-year lows to cap a tumultuous week that saw suspected interventions from Tokyo. With markets i...