IBT Business Desk

Articles by IBT Business Desk

Email : editor@ibtimes.co.in

Union budget likely to continue capex hike to boost investment [details]

The forthcoming Union budget is expected to focus on boosting capital expenditure in 2023-24 too, as has been the case for the past several years.

Jan 22, 2023

Realty sector seeks boost to affordable housing, tax and policy relief [details]

To sustain the demand in the housing segment, the realty sector wants tax- and policy-related relaxations in the Union Budget 2023.

Jan 22, 2023

Only twice in 30 years, the market's been up both pre and post Budget [details]

History suggests that the Union Budget's influence on short-term market performance is declining, foreign brokerage, Morgan Stanley said in a report.

Jan 22, 2023

CBDT meets officials to dispel doubts on faceless tax assessment.

Despite slew of polls ahead, prospects of populist budget appear bleak

The scope for a blatant populist budget looks bleak amid moderating tax revenue, high committed revex, and market loans, Emkay Global Financial Services said in a report.

Jan 22, 2023

PhonePe raises $350 mn at $12 billion valuation; investment plans mapped [details]

Fintech platform PhonePe on Thursday said it has raised $350 million in funding from General Atlantic, a leading global growth equity firm, at a pre-money valuation of $12 billion.

Jan 19, 2023

FPIs sold for 11 consecutive days to the tune of Rs 14,300 crore [details]

FPIs have turned sustained sellers in the Indian market and sold for 11 consecutive days taking the cumulative selling to Rs 14,300 crore, says V.K. Vijayakumar, the Chief Investment Strategist at Geojit Financial Services.

Jan 7, 2023

Tax, Budget 2017, Union Budget 2017, Income Tax, senior citizens, common man

Direct tax collections up 20%; Rs 11,35,754 cr collected till Dec 17 [details]

Direct tax collections stood at Rs 11,35,754 crore, as on December 17, 2022, up by 19.81 per cent against Rs 9,47,959 crore recorded in the corresponding period of last year, officials said.

Dec 18, 2022

Indian rupee records 6.9% depreciation in current FY

The Indian rupee has witnessed a depreciation of 6.9 percent in the current financial year till November 30, the Parliament was told on Tuesday.

Dec 13, 2022

Homegrown VC firm Blume Ventures closes its 4th fund at over $250 mn

Unacademy, Zomato-backer Blume Ventures raises over $250 million; its largest-ever fund [details]

Homegrown venture fund Blume Ventures, which focuses on early-stage technology-led startups, on Wednesday announced it has closed its Fund IV at over $250 million, bringing the firms asset under management (AUM) to over $600 million.

Dec 7, 2022

New NDTV board approves Prannoy Roy & Radhika Roy's resignation as RRPR directors

In a dramatic late night development on Tuesday, the new NDTV board approved the resignations of Prannoy Roy and Radhika Roy as directors of RRPR Holding Private Ltd (RRPR), the promoter group vehicle of New Delhi Television Ltd (NDTV).

Nov 29, 2022

Beware of instant loan apps; SBI warns about cybercrimes, extortion [read now]

The country's largest lender, State Bank of India (SBI) has warned customers against instant loan apps and even suggested measures to safeguard against the menace.

Nov 24, 2022

Tata Consumer to acquire Bisleri for around Rs 7,000 crore: Report

Ramesh Chauhan is divesting Bisleri International to Tata Consumer Products Ltd (TCPL) for an estimated Rs 6,000-7,000 crore, The Economic Times reported.

Nov 24, 2022

Crackdown on fake product reviews in India; govt unveils new framework [details inside]

Aiming to guard customers from fake online reviews of products, the government on Monday issued a comprehensive set of guidelines that would come into effect from November 25 and would be voluntary in nature.

Nov 22, 2022

India clocks 129 deals at $2.1 bn in Oct; 77% YoY decline in value [details]

India clocked 129 deals valued at $2.1 billion in the month of October, a 42 per cent fall in volumes and a significant 77 per cent decline in values as compared to October last year.

Nov 22, 2022

RBI report flags large-scale variation in property tax collection across civic bodies

It may look surprising but it is a fact that the property tax revenue of the municipal bodies in Delhi is much more than that of bigger states including Uttar Pradesh, Madhya Pradesh, Rajasthan and many other states.

Nov 20, 2022

What is eRs; RBI's digital rupee explained [see how it works]

The Reserve Bank of India (RBI) had, last week, announced that it will commence a pilot project of digital rupee (eRs) for specific use cases in the wholesale segment from November 1.

Nov 6, 2022

GST collections touch Rs 1,51,718 cr in Oct; second highest since April [details]

The government collected Rs 1,51,718 crore gross GST revenue in October, which is the second highest collection ever after April this year, official data revealed on Tuesday.

Nov 1, 2022

India smartphone shipments fell 6% in Q3; Xiaomi leads [details]

India saw 44.6 million smartphone shipments in the third quarter this year, a 6 per cent decline from the previous year dragged by a lacklustre low-end segment.

Oct 23, 2022

Reliance Retail Launches Premium Fashion Store 'AZORTE', Offering Smart Trial Rooms and Self-Checkout Kiosks

The new fashion store will transform the way Indians shop for premium international and contemporary Indian fashion merchandise.

Sep 29, 2022

Multi bagger Dhruva Capital gains 205% in a month; went from Rs 7.54 to Rs 22.96 [details]

Dhruva Capital stock has given 205 per cent returns in the last month. The stock which was trading at Rs 7.54 on June 22 jumped by 205 per cent in a month to close at Rs 22.96 on July 22.

Jul 24, 2022

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Articles by IBT Business Desk

Union budget likely to continue capex hike to boost investment [details]

Realty sector seeks boost to affordable housing, tax and policy relief [details]

Only twice in 30 years, the market's been up both pre and post Budget [details]

Despite slew of polls ahead, prospects of populist budget appear bleak

PhonePe raises $350 mn at $12 billion valuation; investment plans mapped [details]

FPIs sold for 11 consecutive days to the tune of Rs 14,300 crore [details]

Direct tax collections up 20%; Rs 11,35,754 cr collected till Dec 17 [details]

Indian rupee records 6.9% depreciation in current FY

Unacademy, Zomato-backer Blume Ventures raises over $250 million; its largest-ever fund [details]

New NDTV board approves Prannoy Roy & Radhika Roy's resignation as RRPR directors

Beware of instant loan apps; SBI warns about cybercrimes, extortion [read now]

Tata Consumer to acquire Bisleri for around Rs 7,000 crore: Report

Crackdown on fake product reviews in India; govt unveils new framework [details inside]

India clocks 129 deals at $2.1 bn in Oct; 77% YoY decline in value [details]

RBI report flags large-scale variation in property tax collection across civic bodies

What is eRs; RBI's digital rupee explained [see how it works]

GST collections touch Rs 1,51,718 cr in Oct; second highest since April [details]

India smartphone shipments fell 6% in Q3; Xiaomi leads [details]

Reliance Retail Launches Premium Fashion Store 'AZORTE', Offering Smart Trial Rooms and Self-Checkout Kiosks

Multi bagger Dhruva Capital gains 205% in a month; went from Rs 7.54 to Rs 22.96 [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'