IBT Business Desk

Articles by IBT Business Desk

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I-T Department introduces 'Form 141', merges four TDS forms into one

I-T Department introduces 'Form 141', merges four TDS forms into one

The IT Department has introduced Form 141, a single challan-cum-statement replacing four TDS forms — 26QB, 26QC, 26QD and 26QE — to simplify compliance. It will be used for TDS on property deals, rent above ₹50,000/month, high-value professional payments, and virtual digital assets like cryptocurrencies and NFTs. 1 hour ago
Indian stock market surges over 3 pc over Iran ceasefire, Sensex jumps 2,775 points

Indian equities demonstrate strong long-term wealth creation potential: Report

Indian equities have proven to be a strong long-term wealth creation asset, delivering around 11–12% CAGR over the past 20 years, with the Nifty 50 growing investor wealth more than 8 times. Since 1990, equities have expanded nearly 80 times, translating to about 13% annual returns, according to the FundsIndia report. 2 hours ago
Oil falls after Trump signals Iran pause, Crude oil prices tank up to 20 pc over Iran ceasefire announcement

Crude oil trade 3 pc lower on hopes of fresh US-Iran talks

Global crude oil prices fell up to 3% on Tuesday as hopes of renewed US–Iran talks eased fears of supply disruptions linked to tensions around the Strait of Hormuz. Brent crude dropped to around $96.6 per barrel, while WTI slipped to about $95.69. 2 hours ago
Gold loans grow 4x in 3 years, ticket size doubles to around Rs 2 lakh

Gold loans grow 4x in 3 years, ticket size doubles to around Rs 2 lakh

Gold loans now account for about 11% of the retail credit portfolio, up from 5.9% in 2022. Growth has been driven by higher borrower adoption, increased participation from NBFCs and banks, and a shift towards more creditworthy borrowers. Women borrowers have also played a key role, with their share rising to 39%. 2 hours ago
Gold, silver prices climb ahead of key US Fed meet

Gold, silver trade lower as US Hormuz blockade rattles markets

Gold and silver prices declined on Monday amid heightened geopolitical tensions following Donald Trump's announcement of a US blockade of the Strait of Hormuz. On the Multi Commodity Exchange (MCX), gold fell up to 0.78%, while silver dropped as much as 2.5%. Global markets also mirrored the weakness, with COMEX gold and silver witnessing sharp declines. 1 day ago
Nifty, Sensex extend gains by over 1 pc

Nifty, Sensex extend gains by over 1 pc

Both the Nifty and the Sensex ended higher, extending their recent gaining streak. At the closing bell, Sensex was up 918.6 points, or 1.20 per cent, to finish the intra-day trading session at 77,550.25. 3 days ago
India's forex reserves jump $9.06 billion to $697.12 billion

India's forex reserves jump $9.06 billion to $697.12 billion

Gold reserves jumped significantly, while foreign currency assets—the largest component—also recorded a steady rise. Minor increases were seen in special drawing rights, while India's reserve position with the International Monetary Fund remained unchanged. 3 days ago
Indian rupee gains ahead of RBI deadline to unwind positions

Indian rupee gains ahead of RBI deadline to unwind positions

RBI's directive limiting banks' net open rupee positions to $100 million and its stance on curbing excess offshore positions has prompted lenders to adjust holdings ahead of the deadline. Analysts expect short-term caution in the market until clarity emerges on RBI's position limits, though fears of sharp rupee depreciation may be overstated. 3 days ago
Reserve Bank Of India

RBI proposes 1-hour delay for UPI transfers above ₹10,000 as safety measure

The RBI has proposed a one-hour delay for digital payments above Rs 10,000 to curb rising frauds, which hit Rs 22,930 crore in 2025. The discussion paper outlines safeguards like trusted-person authentication for seniors, capped credits with verification, and a "kill switch" to block transactions. The move targets APP fraud driven by social engineering. 4 days ago
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