DDIndia Business: Economic Headlines & Updates

Business

November 16, 2023 5:19 PM

Piyush Goyal holds talks with CEOs of Micron, YouTube

Union Minister for Commerce and Industry Piyush Goyal, currently on a visit to the United States, held one-to-one meetings with Sanjay Mehrotra, CEO of Micron Technology, and Neil Mohan, CEO of YouTube on Wednesday. Goyal discussed the prospects of t...

November 15, 2023 4:55 PM

IMF head expects agreement with Pakistan this week on funding review

The International Monetary Fund (IMF) expects an agreement with Pakistan this week on targets for the first review of a $3 billion bailout, IMF Managing Director Kristalina Georgieva said on Wednesday, clearing the way for additional funding. "I exp...

November 15, 2023 11:19 AM

Sahara Group founder Subrata Roy passes away at 75

Subrata Roy, the architect of the vast business empire, Sahara Group, passed away at the age of 75 following a cardiorespiratory arrest that occurred at a private hospital in Mumbai on Tuesday, after a period of prolonged illness, as confirmed by a s...

November 15, 2023 9:48 AM

Japan’s economy contracts as recession risks grow

Japan's economy contracted in July-September, snapping two straight quarters of expansion on soft consumption and exports, complicating the central bank's efforts to gradually phase out its massive monetary stimulus amid rising inflation. Gross dome...

November 14, 2023 4:16 PM

IPRD 2023 Navigating Geopolitical Impacts on Indo-Pacific Trade and Connectivity

The forthcoming Indo-Pacific Regional Dialogue (IPRD) will be held in New Delhi from November 15 to 17, 2023, and it is an influential international conference organized by the Indian Navy. This event follows the recently concluded Goa Maritime Concl...

November 14, 2023 10:27 AM

Piyush Goyal holds meeting with US Trade Representative Katherine Tai

Union Minister for Commerce and Industry, Piyush Goyal, who is currently on a visit to the United States, held a meeting with US Trade Representative Ambassador Katherine Tai on Monday, during the Indo-Pacific Economic Framework (IPEF) in San Francis...

November 13, 2023 2:56 PM

APEC’s growth to slow as persistent inflation, US-China tensions weigh- Report

Economic growth among Asia Pacific Economic Cooperation countries is expected to decline next year and remain below the global average as higher interest rates slow U.S. growth, as China continues to struggle with its recovery and tensions between th...

November 9, 2023 4:31 PM

Defence minister directs swift release of third OROP arrears instalment before Diwali

Defence Minister Rajnath Singh has directed the Ministry of Defence to disburse the third installment of the One Rank, One Pension (OROP) payment to defence pensioners ahead of Diwali. The minister has also instructed banks and other relevant agenci...

November 9, 2023 3:56 PM

India’s growth outlook soars: Fitch raises medium-term forecast to 6.2%, Morgan Stanley shares optimism

In an upward revision, Fitch Ratings has increased India's medium-term potential growth forecast from 5.5 per cent to a robust 6.2 per cent. These positive changes were underpinned by a more favourable outlook for the capital-to-labour ratio. This p...

November 7, 2023 4:34 PM

IMF upgrades China’s 2023, 2024 GDP growth forecasts

China's economy is set to grow 5.4% this year, having made a "strong" post-COVID recovery, the International Monetary Fund (IMF) said on Tuesday (November 7), making an upward revision to its earlier forecast of 5% growth, while expecting slower grow...