IBT Business Desk

Articles by IBT Business Desk

Email : editor@ibtimes.co.in

India's wedding season biz expected to surge 41 pc to Rs 6 lakh crore: CAIT

The upcoming wedding season in India which will extend from November 12 till December 16 is likely to generate business worth nearly Rs 6 lakh crore from 48 lakh weddings which constitutes a 41 per cent increase over the corresponding figure of Rs 4.25 lakh crore recorded for 35 lakh weddings last year, according to a study carried out by the Confederation of All India Traders (CAIT).

Nov 5, 2024

Power demand in India declines for 1st time in 15 months, hydro gains steam

Power demand grows marginally in India as generation reaches 152 billion units in Oct

Power demand is estimated to have marginally risen to 0.4 per cent (year-on-year) to 140 billion units (BUs) in October after two consecutive months of decline.

Nov 4, 2024

Sensex sheds over 900 points, all eyes on US election and Fed data

Sensex shed more than 900 points on Monday, as both Sensex and Nifty saw a decline of more than 1 per cent each, amid uncertainty over the results of the US presidential election and the Federal Reserve's monetary policy meeting this week.

Nov 4, 2024

India's fintech startups grow fivefold in last three years

Fintech firm Cashfree Payments' losses increase to Rs 135 cr in FY24

Fintech firm Cashfree Payments has reported Rs 135 crore loss in the financial year (FY24), compared to Rs 133 crore loss in FY23.

Nov 4, 2024

India hiring sees 11 pc surge in July, retail & telecom jobs lead

White-collar hiring in India up 10 pc in October, freshers' jobs up 6 pc

The white-collar hiring activity in India saw robust growth in October with a significant 10 per cent increase (year-on-year), with sectors like oil and gas, pharma/biotech, FMCG and IT emerging as primary drivers of this positive trend, according to a report on Monday.

Nov 4, 2024

India's goods exports to top countries record double-digit surge

India's diversified export basket driving overall growth

India's export basket has diversified over the last five years into high-value electronics, engineering goods and petroleum products, with the total value of the country's exports surging by close to 40 per cent -- from $314 billion in 2019-20 to $437 billion in the financial year ended on March 31, 2024.

Nov 4, 2024

Sensex crashes 1300 pts, Nifty at four-month low

The Indian stock market was trading deep in the red on Monday's mid-session as heavy selling was seen in the auto, metal, realty and energy stocks.

Nov 4, 2024

IPO market buzz continues next week with 3 new public issues

India's consumer spending on goods to grow 7 pc in next 5 years

India's consumer spending on goods is worth $1.29 trillion in 2024 and is expected to increase to 7.0 per cent in the next five years, according to a new report.

Nov 4, 2024

Strong investment, private consumption driving India's growth: UNCTAD

Indian economy is expected to record a growth of 6.8 per cent in 2024 and will clock an expansion of 6.3 per cent next year.

Nov 3, 2024

Facebook India's net profit up 43 pc to Rs 505 crore in FY24

Facebook India saw its profit surge by 43 per cent in the last fiscal (FY24), riding on digital advertising and support services offered to its parent company Meta in the US.

Nov 2, 2024

IMF sees India driving growth in Asia-Pacific region

India remains the world's fastest-growing economy with investment and private consumption driving growth, according to the IMF's latest Regional Economic Outlook for Asia-Pacific.

Nov 2, 2024

Now filter chats with customised lists on WhatsApp

Meta-owned WhatsApp on Thursday made it easier to organise messages filling up users' inbox, which will help them keep track of conversations with family members, work colleagues, college friends and more.

Nov 1, 2024

Investors' wealth surges by Rs 128 lakh cr in last Samvat 2080

As the Indian stock market ended Samvat year 2080, investors' wealth surged by a whopping Rs 128 lakh crore (about $1.5 trillion at current exchange rate) to Rs 453 lakh crore in just one year.

Nov 1, 2024

Stock market: Sensex, Nifty ends in red on Diwali, IT stocks bleed

The Indian stock market closed in the red on Diwali day as Sensex fell more than 500 points. There was heavy selling in the IT sector.

Oct 31, 2024

Stock Markets: Sensex, Nifty open flat on Diwali, L&T and Sun Pharma top losers

On the auspicious occasion of Diwali, the Indian stock market opened flat on Thursday as selling was seen in auto, IT, PSU bank and FMCG sectors in early trade.

Oct 31, 2024

TRAI releases consultation paper on framework for service authorisations

The Telecom Regulatory Authority of India (TRAI) on Wednesday released a consultation paper on the framework for service authorisations for provision of broadcasting services under the Telecommunications Act, 2023.

Oct 30, 2024

E-commerce platform Meesho clocks Rs 53 crore loss in FY24

E-commerce platform Meesho on Wednesday reported a Rs 53 crore loss for FY 2023-24, while narrowing down the figure by 97 per cent from Rs 1,569 crore in FY 2022-23.

Oct 30, 2024

Sensex closes 151 points down, Reliance and Tata Motors top losers

Sensex closes down by 426 points, banking stocks top losers

Indian equity indices snapped a two-day gaining streak and ended in the red on Wednesday as selling was seen in the large-cap stocks like Infosys, ICICI Bank, Kotak Mahindra Bank, M&M, SBI, and HCL Tech.

Oct 30, 2024

National Stock Exchange crosses 20 crore client accounts

The National Stock Exchange of India (NSE) on Wednesday announced that total number of client accounts at the exchange have surpassed 20 crore, from 16.9 crore eight months ago.

Oct 30, 2024

India gold reserves up 60 pc with 102 tonnes in April-Sept period: RBI data

As gold prices continue to surge amid geo-political tensions, the Reserve Bank of India (RBI) had 854.73 metric tonnes of gold as of September 30 and out of which, 510.46 metric tonnes were held domestically.

Oct 30, 2024

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Articles by IBT Business Desk

India's wedding season biz expected to surge 41 pc to Rs 6 lakh crore: CAIT

Power demand grows marginally in India as generation reaches 152 billion units in Oct

Sensex sheds over 900 points, all eyes on US election and Fed data

Fintech firm Cashfree Payments' losses increase to Rs 135 cr in FY24

White-collar hiring in India up 10 pc in October, freshers' jobs up 6 pc

India's diversified export basket driving overall growth

Sensex crashes 1300 pts, Nifty at four-month low

India's consumer spending on goods to grow 7 pc in next 5 years

Strong investment, private consumption driving India's growth: UNCTAD

Facebook India's net profit up 43 pc to Rs 505 crore in FY24

IMF sees India driving growth in Asia-Pacific region

Now filter chats with customised lists on WhatsApp

Investors' wealth surges by Rs 128 lakh cr in last Samvat 2080

Stock market: Sensex, Nifty ends in red on Diwali, IT stocks bleed

Stock Markets: Sensex, Nifty open flat on Diwali, L&T and Sun Pharma top losers

TRAI releases consultation paper on framework for service authorisations

E-commerce platform Meesho clocks Rs 53 crore loss in FY24

Sensex closes down by 426 points, banking stocks top losers

National Stock Exchange crosses 20 crore client accounts

India gold reserves up 60 pc with 102 tonnes in April-Sept period: RBI data

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'