IBT Business Desk

Articles by IBT Business Desk

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Unilever to spin off ice cream business, eliminate 7,500 jobs [details]

Unilever, the parent company of Hindustan Unilever, on Tuesday announced to separate its ice cream unit into a standalone business, in a restructuring exercise that will result in nearly 7,500 job losses at the company.

Mar 19, 2024

ITC gross revenue at Rs 17,483 cr for Q3 represents 2.1% YoY growth

Amid a challenging macro-economic and operating environment and high base effect in some of its operating segments, ITC Limited delivered resilient performance during the quarter ended December 31, 2023.

Jan 29, 2024

Nifty records biggest single-day gain since Dec 4: RIL, ONGC biggest gainers [details]

Nifty ended the first day of the week with its biggest single-day gain since December 4 with heavyweight Reliance Industries contributing the most to the gains, Deepak Jasani, Head Retail Research at HDFC Securities, said on Monday.

Jan 29, 2024

Omidyar Network India To Wind Up Operations, Stops Making New Investments

What does Omidyar Network's surprise exit mean for India's investment landscape

Omidyar Network India surprises by announcing its exit from the Indian market by 2024 amid a dip in funding for the country's tech startups. Let's take a look at how this move could impact India's investment landscape.

Dec 12, 2023

upi npci bank payments mobile banking goes live 21 banks digital banking unified payment interface national payments rbi commercial

UPI transactions soar to all-time high of Rs 17.16 lakh crore in October

Unified Payment Interface (UPI) transactions soared to an all-time high of Rs 17.16 lakh crore in October with a 9 per cent increase from Rs 15.8 lakh crore in September this year, according to data.

Nov 1, 2023

Oil prices fall again as Israel-Hamas conflict deepens

Oil prices on Monday fell again as there are fears that Israel's move to expand its military operations in Gaza can lead to a regional conflict which can adversely affect the global economy, media reports said.

Oct 30, 2023

Tatas set to write new India iPhone manufacturing story post Wistron plant acquisition

With Taiwanese electronics manufacturer Wistron selling its India operations to Tata Group for $125 million, Tata Electronics is going to become the first Indian company to manufacture new Apple iPhones in the country, which is a major fillip to the government's 'Make in India' initiative.

Oct 27, 2023

RBI fines Mumbai bank for levying extra charge on ATM cards

The RBI has slapped a fine of Rs 13.3 lakh on SVC Co-operative Bank Ltd., Mumbai as it was imposing annual maintenance charges for ATM cards in Basic Savings Bank Deposit Accounts in violation of the central bank's directions.

Oct 23, 2023

'Suspicious' payout that exposed Rs 16,000 cr scam bigger than PNB con [details]

The mega-scam was officially revealed on October 9 by Thane's Shrinagar Police Station which had lodged a FIR after a complaint was filed by Safexpay Technology Pvt. Ltd., Thane.

Oct 22, 2023

Markets likely to remain under pressure as US bond yields at 16 year highs

Markets are likely to remain under pressure amid a sharp surge seen in U.S. 10-year treasury yields to 16-year highs of 4.5 per cent, says Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Service.

Sep 26, 2023

EV firm Ather Energy's losses swell 2.5 times to reach Rs 865 cr in FY23 [details]

Hero MotoCorp-backed electric vehicle (EV) company Ather Energy's losses surged more than 2.5 times in the financial year 2022-23.

Sep 24, 2023

Google Co-founder Sergey Brin quietly divorced wife after alleged affair with Musk

Google co-founder Sergey Brin quietly divorced Nicole Shanahan, an attorney and entrepreneur, over rumours that Shanahan was engaged in a romantic relationship with Tesla and SpaceX CEO Elon Musk.

Sep 17, 2023

Nifty closes lower with a loss of 2% for the month of August [details]

Domestic equities saw profit booking on the last day of the month ahead of GDP data and monthly FNO expiry. Overall, for the month of August Nifty closed lower with a loss of 2 per cent, said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.

Aug 31, 2023

India gets its 1st unicorn of 2023 in Zepto which raises $200 mn

India gets its 1st unicorn of 2023 in Zepto; valued at $1.4 billion after $200mn funding round

Ending the unicorn drought in India amid the ongoing funding winter, online grocery company Zepto on Friday announced it has raised $200 million in its Series E round, valuing the company at $1.4 billion.

Aug 25, 2023

UPI transactions shot up to Rs 83.2L crore in 2022 amid govt push [details]

Unified payments interface (UPI) transactions rose manifolds between 2018 and 2022 in terms of value as well as volume, by 1,320 per cent and 1,876 per cent respectively.

Aug 20, 2023

Homegrown gaming platform MPL lays off 50% of workforce amid 28% GST regime

Homegrown online gaming platform Mobile Premier League (MPL) is reportedly slashing its workforce by nearly 50 per cent that will impact around 350 jobs, as the 51st GST Council meeting stayed firm on taxing online gaming at 28 per cent on gross value collected.

Aug 8, 2023

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Articles by IBT Business Desk

Unilever to spin off ice cream business, eliminate 7,500 jobs [details]

ITC gross revenue at Rs 17,483 cr for Q3 represents 2.1% YoY growth

Nifty records biggest single-day gain since Dec 4: RIL, ONGC biggest gainers [details]

What does Omidyar Network's surprise exit mean for India's investment landscape

UPI transactions soar to all-time high of Rs 17.16 lakh crore in October

Oil prices fall again as Israel-Hamas conflict deepens

Tatas set to write new India iPhone manufacturing story post Wistron plant acquisition

RBI fines Mumbai bank for levying extra charge on ATM cards

'Suspicious' payout that exposed Rs 16,000 cr scam bigger than PNB con [details]

Markets likely to remain under pressure as US bond yields at 16 year highs

EV firm Ather Energy's losses swell 2.5 times to reach Rs 865 cr in FY23 [details]

Google Co-founder Sergey Brin quietly divorced wife after alleged affair with Musk

Nifty closes lower with a loss of 2% for the month of August [details]

India gets its 1st unicorn of 2023 in Zepto; valued at $1.4 billion after $200mn funding round

UPI transactions shot up to Rs 83.2L crore in 2022 amid govt push [details]

Homegrown gaming platform MPL lays off 50% of workforce amid 28% GST regime

RIL's exports cross Rs 3.4 trillion; represents India's 9.2% total exports [details]

IndiGo is soaring high with record Rs 3100 crore quarterly profit in June; that's Rs 35 crore per day

Binny Bansal, Accel, Tiger Global Bid Farewell to Flipkart: Walmart pays top dollar [details]

Market watch: High likelihood of correction in equity markets over next few months [details]

Ranveer Singh touches Sanjay Leela Bhansali's feet; Sara Ali Khan, Aditi Rao Hydari radiate in ethnic outfits at reception

Omar lambasts "arrogant" Congress after BJP's historic victory; Mehbooba reacts [details]

BJP leads in 53 seats, crosses majority mark in Chhattisgarh

Ranbir Kapoor's fans burst crackers inside theatres during Animal screening; fans say 'low budget Salman Khan' fans'