Economy Archives - Page 248 of 364

Economy

December 11, 2024 5:17 PM

Stock market ends flat amid year-end consolidation; eyes on US CPI data

The Indian stock market witnessed a subdued trading session on Wednesday, closing nearly flat as investors opted for caution in the lead-up to year-end. The BSE Sensex slipped by 13.34 points, ending at 81,496.70, while the NSE Nifty declined by 20.2...

December 11, 2024 5:07 PM

Indian auto component industry makes strong showing at Automechanika Dubai 2024

The 21st edition of Automechanika Dubai, the West Asia's largest automotive aftermarket trade exhibition, opened its doors at the Dubai World Trade Centre with unprecedented Indian participation, reflecting the country's growing influence in the glob...

December 11, 2024 2:58 PM

India, Nicaragua sign agreements to implement Quick Impact Projects

India and Nicaragua signed an umbrella agreement on Tuesday to implement Quick Impact Projects (QIPs). The agreement was signed by Indian Ambassador to Panama, Nicaragua, and Costa Rica, Sumit Seth, and Nicaragua's Foreign Minister, Valdrack Jaentsch...

December 11, 2024 1:05 PM

Indian EV industry to attract $40 billion investments, boosting real estate growth: report

The Indian electric vehicle (EV) and ancillary sectors are poised to attract nearly $40 billion in investments over the next five to six years, creating significant opportunities for the real estate market, according to a report by Colliers India. T...

December 11, 2024 11:07 AM

Sensex, Nifty muted as investors await US consumer inflation data

India's benchmark indices opened flat on Wednesday, entering a consolidation phase as investors awaited key US consumer inflation data. The Nifty edged up by 10.45 points, or 0.04 percent, to 24,620.50, while the Sensex gained 58.34 points, or 0.07 ...

December 11, 2024 10:33 AM

India’s logistics costs could drop to 9% in two years by optimizing fuel, road expenses: Nitin Gadkari

Union Minister for Road Transport and Highways, Nitin Gadkari, said on Tuesday that optimizing fuel and road expenses could lower India’s logistics cost to nine percent within two years. Addressing the Rising Rajasthan Global Investment Summit 202...

December 10, 2024 5:10 PM

Sensex, Nifty end flat ahead of key inflation data

India’s benchmark indices closed flat on Tuesday as investors remained cautious ahead of the release of key CPI inflation data from both the US and India. The Sensex inched up 1.59 points to 81,510.05, while the Nifty dipped 8.95 points to close a...

December 10, 2024 4:08 PM

Indian mutual fund industry’s AUM crosses ₹68.08 lakh crore in November

The assets under management (AUM) of mutual funds in India climbed to ₹68.08 lakh crore in November, marking an increase from ₹67.25 lakh crore in October, as reported by the Association for Mutual Funds in India (AMFI). Active equity schemes con...

December 10, 2024 3:32 PM

India highlights footwear and leather sector at Diflex 2024, aims for $350 million UAE trade target

India's leather and footwear industry aims to expand its presence in the UAE market as it makes a strong showing at DIFLEX 2024, with 43 manufacturing exporters participating in the region's largest leather products and footwear exhibition, currently...

December 10, 2024 2:55 PM

S&P Global Ratings projects 6.8% growth for Indian economy in FY25

S&P Global Ratings on Tuesday projected 6.8% growth for the Indian economy in FY25, followed by 6.9% growth in FY26, on the back of strong urban consumption, steady service sector growth, and ongoing investment in infrastructure. The growth proj...

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