IBT Business Desk

Articles by IBT Business Desk

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

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

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

Reliance India Limited's exports for the year was Rs 3,40,048 crore (US$ 41.4 billion), a strong jump of 33.4 per cent from FY22 exports of Rs 2,54,970 crore (US$ 33.6 billion).

Aug 6, 2023

Sky is the limit: IndiGo is now tenth largest airline by capacity globally; growth indisputable [details]

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

Interglobe Aviation Ltd, that owns Indigo Airlines, on Wednesday announced that it will be floating a Limited Liability Partnership to invest in startups after closing the first quarter of 2023-24 with a net profit of Rs 3,087.2 crore.

Aug 3, 2023

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

Retail giant Walmart has reportedly paid $1.4 billion to acquire VC form Tiger Global's remaining shares in the e-commerce major.

Jul 31, 2023

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

Over the next few months, the chances of the Indian equity market undergoing a correction are high, said a senior official of credit rating agency Acuite Ratings & Research.

Jul 30, 2023

CBDT meets officials to dispel doubts on faceless tax assessment.

Last date to file tax returns is July 31, no extension in deadline: Govt tells taxpayers [details]

The government has urged the taxpayers to file their income tax returns before July 31, 2023 to avoid the last minute rush, as there is no possibility of any extension of the deadline.

Jul 16, 2023

BSE Sensex crosses milestone of 66,000 points led by IT heavyweights [details]

BSE Sensex is up 625 points in a ferocious rally at 66,019 points powered by positive cues from the US market.

Jul 13, 2023

Dunzo faces severe cash-crunch amid acquisition rumours; delays 50% salary of workers [details]

Homegrown quick-grocery delivery provider Dunzo has delayed 50 per cent salary of some employees, media reports said.

Jul 10, 2023

Gujarat roots and success: Vineeta Singh's journey from Anand to leading 'Sugar Cosmetics'

When we met Vineeta Singh, she personified her vibrant brand -- Sugar Cosmetics -- in her ensemble of a pink top, orange pants, and white shoes.

Jun 26, 2023

LinkedIn lays off 716 employees; shuts China app [details]

Microsoft-owned LinkedIn has laid off 716 employees, as the company makes changes to its Global Business Organisation (GBO), along with shutting down its InCareer app in China.

May 9, 2023

Second round of G20 energy transition working group deliberations begin [details]

The Union Ministry of mines is one of the participating ministries in the energy transition working group (ETWG) deliberations under the ongoing G20 presidency of India, whose second round of discussions began Sunday in Gandhinagar, Gujarat.

Apr 2, 2023

Tamil Nadu finance minister P.T.R. Palanivel Thiagarajan

TN Budget: Rs 500 cr allocated for CM's breakfast scheme for schoolchildren

Tamil Nadu Finance minister Dr P.T.R. Thiagarajan on Monday allocated Rs 500 crore towards the Chief Minister's breakfast scheme for government school students in the state.

Mar 20, 2023

Confused with US's SV Bank crisis, besieged SVC Bank threatens legal action

SVB collapse explained: What happens to your deposits in worst-case scenario [details]

Silicon Valley Bank crisis has snowballed into a major concern for investors, startups and VCs. Here's an explainer of the whole issue, what led to the SVB collapse and what comes next.

Mar 12, 2023

wgc q1 2017 report, wgc gold demand, india gold demand, us gold demand, gold jewellery demand, gold prices in india, modi govt

Buying gold jewellery in India has new rule in India; sale without THIS is prohibited [details]

The Bureau of Indian Standards (BIS) has prohibited sale of hallmarked gold jewellery or gold artefacts without the six-digit alphanumeric hallmark unique identification number (HUID) after March 31, 2023.

Mar 5, 2023

EVs to get cheaper: Centre proposes customs duty exemption on batteries; industry hails decision [details]

Finance Minister Nirmala Sitharaman in her Union Budget 2023-24 speech said that the subsidies on EV batteries will be extended for one more year, hence making EVs cheaper in the country.

Feb 1, 2023

No tax exemption for insurance policies with premium above Rs 5 lakh; there's a silver lining

While this will dampen the interest of individuals to buy high value traditional insurances, it will increase the focus on term plans and pure risk covers which is good.

Feb 1, 2023

Govt announces Customs duty cuts on goods other than textiles, agriculture; see what's changed

Union Finance Minister Nirmala Sitharaman during her Budget speech on Wednesday proposed to reduce the number of Basic Customs Duty (BCD) rates on goods other than textiles and agriculture from 21 per cent to 13 per cent.

Feb 1, 2023

India's GDP growth to be 6.5% in 2023-24; slashes forecast to 7% in current fiscal [details]

India is set to witness a baseline GDP growth of 6.5 percent as per real terms in 2023-24, according to the economic survey for 2022-23, which was laid in Parliament by Finance minister Nirmala Sitharaman on Tuesday.

Jan 31, 2023

Rail Budget 2023-24: Focus on incomplete projects, big push for Make in India

In the upcoming Railway Budget, the emphasis will be on the development of infrastructure, 'Make in India' high-speed trains and the completion of incomplete railway projects.

Jan 29, 2023

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Articles by IBT Business Desk

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]

Last date to file tax returns is July 31, no extension in deadline: Govt tells taxpayers [details]

BSE Sensex crosses milestone of 66,000 points led by IT heavyweights [details]

Dunzo faces severe cash-crunch amid acquisition rumours; delays 50% salary of workers [details]

Gujarat roots and success: Vineeta Singh's journey from Anand to leading 'Sugar Cosmetics'

LinkedIn lays off 716 employees; shuts China app [details]

Second round of G20 energy transition working group deliberations begin [details]

TN Budget: Rs 500 cr allocated for CM's breakfast scheme for schoolchildren

SVB collapse explained: What happens to your deposits in worst-case scenario [details]

Buying gold jewellery in India has new rule in India; sale without THIS is prohibited [details]

EVs to get cheaper: Centre proposes customs duty exemption on batteries; industry hails decision [details]

No tax exemption for insurance policies with premium above Rs 5 lakh; there's a silver lining

Govt announces Customs duty cuts on goods other than textiles, agriculture; see what's changed

India's GDP growth to be 6.5% in 2023-24; slashes forecast to 7% in current fiscal [details]

Rail Budget 2023-24: Focus on incomplete projects, big push for Make in India

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'