Economy Archives - DD India

Economy

October 30, 2026 11:13 AM

India’s extreme poverty rate fell from 27.1% to 2.6% between 2011 and 2023: World Bank

India lifted an estimated 496 million people out of poverty between 2011 and 2023, with the extreme poverty rate declining from 27.1 per cent to 2.6 per cent, according to the World Bank's October 2026 Poverty and Equity Brief. The report described ...

October 30, 2026 10:34 AM

Alphabet shares suffer worst-ever single-day fall, USD 500 billion wiped off market value amid AI spending concerns

Shares of Google's parent, Alphabet, plunged more than 12 per cent on Thursday, marking their worst single-day decline on record and wiping out around USD 500 billion in market value, as investors grew increasingly concerned about rising artificial i...

October 30, 2026 10:08 AM

Sensex, Nifty open flat amid weak global cues; IT stocks buck trend

Indian equity benchmarks opened on a flat note on Friday, tracking cautious global sentiment and elevated crude oil prices. Sensex opened at 74,199.69, up 48.65 points or 0.07 per cent, while Nifty opened at 22,964.50, up 27.75 points or 0.12 per c...

October 30, 2026 9:04 AM

Crypto exchange Binance freezes assets after $6.3 billion security breach

Binance, the world's largest cryptocurrency exchange, said a security breach had resulted in an estimated $6.3 billion impact that analysts said could amount to the biggest crypto heist ever and might make investors rethink the risks of owning digita...

October 30, 2026 8:34 AM

Stocks slump, bonds leap as AI giants’ spending spooks investors

Tech shares slumped in Asia on Friday, the yen rose and bonds surged toward their biggest monthly gain in nearly three years as investors scurried to safety against worries that huge and rising AI spending may not deliver sufficient returns. Shares ...

October 29, 2026 4:09 PM

Sensex climbs over 900 points, Nifty tops 22,900 on FMCG, PSU bank rally

Benchmark equity indices traded higher on Thursday, supported by strong buying in FMCG and public sector banking stocks, while broader markets also remained in positive territory. At the closing bell, the Sensex snapped the two-day losing streak an...

October 29, 2026 3:01 PM

Volkswagen slumps deeper into the red on Porsche writedown

Volkswagen sank deeper into the red in the third quarter, posting its worst result in more than a decade as the world's second-largest automaker battles mounting challenges in key markets and pushes ahead with a major restructuring. Europe's biggest...

October 29, 2026 10:11 AM

Sensex rises over 150 points, Nifty trades above 22,730 amid elevated crude oil prices

Indian equity benchmark indices edged higher in early trade on Thursday after opening on a flat note, as investors assessed elevated crude oil prices and the US Federal Reserve's decision to keep interest rates unchanged. The BSE Sensex gained over ...

October 29, 2026 10:06 AM

Microsoft’s cloud growth, cash flow offer respite from AI spending fears

Microsoft on Wednesday delivered a big cash flow beat and forecast strong cloud growth, offering fresh evidence that its hefty AI bets were paying off even as concerns mount over Big Tech's spending spree. The results underscore a widening financial...

October 29, 2026 8:19 AM

Asian shares fall as Alphabet earnings miss drags Wall St futures lower

Asian shares gave up earlier gains on Thursday as AI-related earnings announcements prompted wildly mixed responses, raising the stakes for Amazon and Intel results due later in the day. Hefty cash burn from Alphabet sent its shares 10% lower in aft...

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