DDIndia Business: Economic Headlines & Updates

Business

January 15, 2024 5:51 PM

Boeing opens its first distribution center in India

Global aerospace giant Boeing has opened its first distribution center in India, located in Khurja, Uttar Pradesh. Spanning 36,000 square feet, this parts warehouse aims to assist regional aviation customers in optimising fleet utilisation. Boeing...

January 15, 2024 4:01 PM

Finance Act 2023 amends section 87a, no tax liability for incomes up to Rs 7 lakh

The Ministry of Finance announced a major development in personal income tax benefits through a post on X, indicating the fulfilment of promises made in the Finance Act, 2023. As per the latest amendment to Section 87A of the Income-tax Act, 1961, in...

January 15, 2024 2:00 PM

Global leaders gather at Davos as World Economic Forum’s 54th annual meet kicks off

The 54th annual meeting of the World Economic Forum (WEF) has commenced in Davos, Switzerland, convening leaders from around the world. Themed "Rebuilding Trust," the meeting will run from January 15 to January 19. Over the next five days, discussio...

January 15, 2024 11:09 AM

Gujarat poised to lead India’s semiconductor revolution as tech titans commit billions

Boosting India's semiconductor industry, global players Micron, Tata Group, and Simmtech have revealed plans to establish a strong presence in Gujarat. This announcement was made during the 10th Vibrant Gujarat Global Summit, where key industry leade...

January 15, 2024 9:35 AM

MOS V Muralidharan’s Ras Al Khaimah visit enhances bilateral ties and community engagement

By Vinod Kumar (Dubai): Minister of State V Muralidharan conducted a series of industrial visits in the Emirate of Ras Al Khaimah during his two-day visit to the UAE. The visit kicked off with a meeting at Ashok Leyland, where the automotive comp...

January 14, 2024 4:28 PM

Meeting of the India-Nepal Inter-Governmental Sub-Committee (IGSC) to strengthen trade between two neighbours

The India-Nepal Inter-Governmental Sub-Committee (IGSC) on Trade, Transit, and Cooperation to Combat Unauthorised Trade convened its latest session in Kathmandu on January 12-13, 2024. Vipul Bansal, Joint Secretary, Ministry of Commerce, Government ...

January 11, 2024 1:19 PM

Gadkari lays foundation of 29 highway projects worth Rs 4,000 crore in Punjab

Taking Punjab on the path of development, Union Road Transport and Highways Minister Nitin Gadkari inaugurated 29 national highway projects with an investment of more than Rs 4,000 crore in Hoshiarpur. The unveiled projects are poised to redefine th...

January 11, 2024 1:20 PM

India will become a 30 trillion-dollar economy by 2047, says Finance Minister Sitharaman

Finance Minister Nirmala Sitharaman has said that India will become a 30 trillion dollar economy by 2047. She said the country will become a 5 trillion dollar economy by 2028, adding that India has received 919 billion US dollars in foreign direct in...

January 10, 2024 9:02 PM

“PM Modi, you defined living bridge between United Kingdom and India”: UK minister of State Lord Tariq Ahmad

Lauding the ties between the two nations, the UK Minister of State, Lord Tariq Ahmed, said that PM Modi defined the living bridge between the United Kingdom and India. He also conveyed British Prime Minister Rishi Sunak's greetings to his Indian ...

January 10, 2024 3:11 PM

India gears Up for Startup Innovation Week 2024

In a bid to unite the nation's startups, entrepreneurs, investors, policymakers, and stakeholders, the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, is set to launch the Startup India Innovation W...