IBT Business Desk

Articles by IBT Business Desk

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200 Indian women entrepreneurs set to raise Rs 850 cr from investors: Goldman Sachs

At least 200 women entrepreneurs in India are poised to raise an estimated Rs 850 crore ($100 million) from investors, helping to expand businesses and create new jobs, Goldman Sachs announced on Friday.

Nov 8, 2024

Rural markets stay ahead of urban centres in growth for FMCG goods: NielsenIQ

Rural markets outpace urban centres in growth for FMCG goods: NielsenIQ

India's fast-moving consumer goods (FMCG) sector grew 5.7 per cent by value and 4.1 per cent by volume in the July-September quarter driven by rural demand which grew faster than urban markets for the third consecutive quarter, according to the latest report by consumer intelligence firm NielsenIQ.

Nov 8, 2024

Tepid response to Swiggy IPO continues, 35 pc subscription on Day 2

Swiggy IPO continued to see a tepid response from investors on the second day of bidding on Thursday. The Rs 11,327 crore IPO was subscribed 0.35 times or 35 per cent on the second day.

Nov 7, 2024

Freshworks to cut its workforce by 13 pc to streamline operations

Artificial intelligence (AI) service software provider Freshworks has announced a workforce reduction of 13 per cent to streamline its operations, affecting at least 660 employees worldwide.

Nov 7, 2024

Centre completes auction of 8 critical mineral blocks in big step to bolster self-reliance

India's Ministry of Mines successfully auctions 8 critical mineral blocks, securing vital resources for electronics, EVs, defense, and renewable energy.

Nov 7, 2024

a-passenger-outside-the-spicejet-airlines-ticket-counter-at-the-domestic-airport-on-the-outskirts-of-agartala

Domestic air passenger traffic in India sees 6.3 pc growth at 138.5 lakh in Oct

The domestic air passenger traffic reached 138.5 lakh in October, higher by 6.3 per cent in comparison to 130.3 lakh in the previous month, according to a report on Thursday.

Nov 7, 2024

Sensex sheds 849 points ahead of key US Fed meet

The Indian stock market closed in red on Thursday as there was heavy selling in all sectors except PSU banks.

Nov 7, 2024

5 year-old Indian kid falls to death from Dubai high-rise.(REPRESENTATIONAL PHOTO /FACEBOOK)

Over 3 in 10 Indian buyers looking for ultra-luxury homes: Report

More than three in 10 (35 per cent) Indian property buyers are now interested in luxury and ultra-luxury homes, nearly double the 18 per cent recorded in the previous quarter (Q2), according to a report on Thursday, as disposable incomes rise amid overall economic growth.

Nov 7, 2024

Adani Enterprises to launch maiden Rs 800 crore retail bond issue on September 4

Adani Group stocks surge, add Rs 54,381 cr in market cap

The share price of all the companies in the Adani Group surged on Wednesday, adding Rs 54,381.06 crore worth of wealth to the investors' kitty.

Nov 7, 2024

Sensex and Nifty down 1 pc in early trade amid heavy selling

Sensex and Nifty down 1 percent in early trade amid heavy selling

The Indian stock market opened in red on Thursday as heavy selling was seen in metal, auto, financial service, pharma, FMCG, energy, private bank and infrastructure sectors in early trade.

Nov 7, 2024

Sensex, Nifty close at all-time high, led by metal and auto shares

Indian stock market agrees with Trump win, Sensex surges 901 points

The Indian benchmark indices on Wednesday welcomed Donald Trump's convincing victory in the US presidential elections as both Sensex and Nifty gained more than 1 per cent amid heavy buying in the IT sector.

Nov 6, 2024

RBI Governor rules out immediate rate cut as inflation still a concern

Reserve Bank of India Governor Shaktikanta Das on Wednesday said that although the central bank had shifted towards a softer neutral monetary policy stance to spur growth, this did not mean that an interest rate cut would happen immediately

Nov 6, 2024

Cost of home-cooked veg thali spiked 20 pc in October

Cost of home-cooked veg thali increases 20 pc in October

Vegetable prices shore up costs of veg and non-veg thalis in the month of October, as the cost of a home-cooked veg thali surged 20 per cent (year-on-year) while the cost of a non-veg thali increased 5 per cent

Nov 6, 2024

US Election: Trump clinches win in three swing states

Bitcoin expected to hit $80,000 as crypto fan Trump edges closer to victory

As Donald Trump edged closer to victory in the US presidential election, Bitcoin surged to a record high of $75,060, fuelling investors' excitement in the cryptocurrency sector.

Nov 6, 2024

Centre rolls out 7,663 extra trains to clear festive season rush

The Railway Board has introduced another 7,663 special train services to cater to the festival season rush, from October 1 to November 30, which is a 73 per cent increase compared to the same period last year.

Nov 6, 2024

Chip giant Nvidia to design new AI chips every year: CEO

Nvidia surpasses Apple to become world's largest company in AI era

Graphics chip giant Nvidia has become the world's largest company by market capitalisation, surpassing Apple, in the artificial intelligence (AI) era.

Nov 6, 2024

Ola Electric's share hits all-time low of Rs 74 ahead of Q2 results

Bhavish Aggarwal-run Ola Electric Mobility saw its share nosedive further to a fresh low of Rs 74.18 apiece on Tuesday after touching Rs 73.84 during the intra-day trading -- losing almost 8.5 per cent in a day.

Nov 5, 2024

India's kharif foodgrain output projected at record 1,647 lakh tonnes for 2024-25

India's total kharif foodgrain production for 2024-25, as per the first advance estimates, is projected at a record 1,647.05 lakh metric tonnes .

Nov 5, 2024

Swiggy's high valuation, ongoing losses raise concerns about long-term sustainability: Angel One

Swiggy's Rs 11,327 crore initial public offering (IPO) faces several risks and challenges that potential investors should consider, leading online brokerage Angel One has said, adding that the company's high valuation, coupled with its ongoing losses, raises concerns about its long-term sustainability.

Nov 5, 2024

Sensex snaps 3-day losing streak on rebound in FMCG and Pvt Bank shares

Sensex gains 694 points ahead of US election

The Indian stock market closed in green on Tuesday as investors set their eyes on the closely contested US presidential election.

Nov 5, 2024

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Articles by IBT Business Desk

200 Indian women entrepreneurs set to raise Rs 850 cr from investors: Goldman Sachs

Rural markets outpace urban centres in growth for FMCG goods: NielsenIQ

Tepid response to Swiggy IPO continues, 35 pc subscription on Day 2

Freshworks to cut its workforce by 13 pc to streamline operations

Centre completes auction of 8 critical mineral blocks in big step to bolster self-reliance

Domestic air passenger traffic in India sees 6.3 pc growth at 138.5 lakh in Oct

Sensex sheds 849 points ahead of key US Fed meet

Over 3 in 10 Indian buyers looking for ultra-luxury homes: Report

Adani Group stocks surge, add Rs 54,381 cr in market cap

Sensex and Nifty down 1 percent in early trade amid heavy selling

Indian stock market agrees with Trump win, Sensex surges 901 points

RBI Governor rules out immediate rate cut as inflation still a concern

Cost of home-cooked veg thali increases 20 pc in October

Bitcoin expected to hit $80,000 as crypto fan Trump edges closer to victory

Centre rolls out 7,663 extra trains to clear festive season rush

Nvidia surpasses Apple to become world's largest company in AI era

Ola Electric's share hits all-time low of Rs 74 ahead of Q2 results

India's kharif foodgrain output projected at record 1,647 lakh tonnes for 2024-25

Swiggy's high valuation, ongoing losses raise concerns about long-term sustainability: Angel One

Sensex gains 694 points ahead of US election

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'