DDIndia Business: Economic Headlines & Updates

Business

June 6, 2025 11:16 AM

RBI cuts repo rate by 50 basis points to 5.5%, shifts policy stance to neutral

The Reserve Bank of India (RBI) on Friday announced a sharp 50 basis points cut in the repo rate, bringing it down from 6 per cent to 5.5 per cent. Announcing the decision, RBI Governor Sanjay Malhotra said the central bank was responding to the shar...

June 6, 2025 1:02 PM

Musk-Trump breakup puts $22 billion of SpaceX contracts at risk, jolting US space program

About $22 billion of SpaceX's government contracts are at risk and multiple U.S. space programs could face dramatic changes in the fallout from Elon Musk and President Donald Trump's explosive feud on Thursday. The disagreement, rooted in Musk's cri...

June 6, 2025 12:05 PM

Trump and Xi agree to more talks as trade disputes brew

U.S. President Donald Trump and Chinese leader Xi Jinping confronted weeks of brewing trade tensions and a battle over critical minerals in a rare leader-to-leader call on Thursday that left key issues to further talks. During the more than one-hour...

June 6, 2025 9:56 AM

Sensex, Nifty open flat ahead of RBI’s monetary policy decision

Domestic equity markets opened on a cautious note Friday, with benchmark indices trading flat ahead of the Reserve Bank of India’s monetary policy announcement. Investor sentiment remained subdued, even as select buying was observed in IT and PSU b...

June 5, 2025 7:16 PM

Indian maritime firms secure major shipbuilding deals and green tech partnerships at Nor-Shipping 2025 in Oslo

Indian maritime companies have made significant strides at Nor-Shipping 2025 in Oslo, signing key agreements with global players to boost shipbuilding, green technology, and knowledge partnerships, reinforcing India’s maritime prowess and the “Ma...

June 5, 2025 6:02 PM

The Q4 Growth Numbers Have A Pleasant Message for India

More good news for India’s economy. Following the news of India becoming the fourth-largest economy, at more than $4 trillion, the numbers for the fourth quarter of FY25 are out. At 7.4 per cent, the growth numbers have exceeded the market expectat...

June 5, 2025 5:28 PM

Inflation tamed, Unified Pension Scheme launched: middle class sees tangible benefits

The Indian middle class has witnessed significant economic relief and social security enhancements over the past decade, marked notably by effective inflation control and the launch of the Unified Pension Scheme (UPS) for government employees. Betwe...

June 5, 2025 5:23 PM

Tax relief, pension security mark a decade of middle-class focus

Over the past eleven years, India’s middle class has found itself at the centre of the government’s reform agenda. From tax relief measures to simplified compliance norms and pension schemes aimed at long-term security, successive budgets have re...

June 5, 2025 4:36 PM

Sensex Climbs Over 400 Points, Nifty Above 24,750 Ahead of RBI Meet

The Indian stock market closed in the green on Thursday ahead of the Reserve Bank of India's key monetary policy committee (MPC) decision on the repo rate. At the end of trading, the Sensex was up 443.79 points (0.55 per cent) at 81,442.04, and the ...

June 5, 2025 1:22 PM

India Services PMI Remains Strong at 58.8 in May, Driven by Robust Demand

India’s services sector maintained its high pace of growth in May, driven by strong demand for exports, which also saw firms increase staff hiring to an all-time high during the month, according to the latest HSBC survey. The seasonally adjusted H...

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