DDIndia Business: Economic Headlines & Updates

Business

April 25, 2024 11:23 AM

RBI directs Kotak Mahindra Bank to cease issuing fresh credit cards

The Reserve Bank of India has directed Kotak Mahindra Bank to cease issuing fresh credit cards and onboarding new customers through online and mobile banking channels. In a press release, the RBI said that “these actions are necessitated based on ...

April 24, 2024 4:41 PM

Modi has done an unbelievable job in India, says JPMorgan Chase CEO Jamie Dimon

Jamie Dimon, Chairman and CEO of JPMorgan Chase, praised Prime Minister Narendra Modi on Tuesday, saying India has made remarkable progress under his leadership. Dimon's was speaking at a luncheon organized by the Economic Club of New York. A video ...

April 24, 2024 11:01 AM

NSE introduces derivatives on Nifty Next 50 from today

The National Stock Exchange of India (NSE) will launch derivatives contracts on Nifty Next 50 Index (NIFTYNXT50) from Wednesday. Securities and Exchange Board of India (SEBI) has approved derivatives on the Nifty Next 50 Index on NSE. Derivative con...

April 23, 2024 10:32 PM

UK to spend 2.5% of GDP on defence by 2030, says Sunak

Prime Minister Rishi Sunak said on Tuesday he would lift defence spending to 2.5% of GDP a year by 2030, saying the British arms industry must be on a "war footing" when the world is at its most dangerous since the Cold War. Standing alongside N...

April 23, 2024 3:01 PM

Indian economy’s stellar performance to continue with 7% growth: RBI member

India's economy is showing no signs of slowing down, with the Reserve Bank of India's Monetary Policy Committee (MPC) member Shashanka Bhide exuding confidence that the country can sustain a robust 7% growth rate in the current fiscal year and beyond...

April 19, 2024 3:50 PM

Indian Railways prepares for summer travel surge with over 9,000 trips

Indian Railways will operate a record 9,111 trips this summer to accommodate the anticipated surge in travel demand and ensure passenger convenience. This marks a substantial increase from the previous summer when the Railways operated 6,369 trips. ...

April 19, 2024 2:26 PM

India will grow at 6.5%, outpacing global average of 2.6%: UNCTD report

India is expected to sustain its growth momentum at 6.5% in 2024, according to a report released by the United Nations Conference on Trade and Development (UNCTD). The report underscores India’s resilience amidst global economic challenges, citing...

April 19, 2024 11:11 AM

India lays foundation stone to build High Impact Community Development Projects in Nepal

By: Sweta Singh (Kathmandu) India laid out the foundation stone to build High Impact Community Development Project in Darchula district of Nepal on Thursday. The esteemed guests at this event included Bijay Singh Dhami, Mayor of Shailyashikhar Mu...

April 18, 2024 1:33 PM

Asia stocks bounce as soaring dollar pauses

Asian stocks made their biggest gains in a month on Thursday, while the dollar took a breather and bond markets steadied as investors stepped back to assess the interest rate outlook. Oil found support following its sharpest fall in two-and-a-half m...

April 18, 2024 11:12 AM

India emerges as offshoring hub with growth in office leasing: report

India has emerged as one of the leading offshoring destinations globally, according to the latest report from Knight Frank. The report, titled "Asia Pacific Horizon: Harnessing the Potential of Offshoring," highlights the significant growth of the o...