IBT Business Desk

Articles by IBT Business Desk

Email : editor@ibtimes.co.in

No need for separate GST registration in other states, K'taka AAR rules [details]

The KAAR ruled that the applicant need not obtain separate registration in Karnataka, for the supply of services and can raise the invoice by charging IGST from their registered office at Noida, Uttar Pradesh, with the place of supply as Karnataka.

Nov 14, 2021

Two Musk tweets cost Tesla shareholders horrid $200bn; his net worth goes sub-$300 bn [details]

"Bizzare," was the refrain to him employing a methodology as unscientific as a Twitter poll with a random lot of 3.5 million folks determining the outcome.

Nov 12, 2021

"Make in India" for the world: Exports in October at all-time high of $35.4 billion [details]

The value of non-petroleum and non-gems and jewellery exports in October 2021 registered a positive growth of 27.54 per cent to $26.05 billion over non-petroleum and non-gems and jewellery exports of $20.43 billion in October 2020.

Nov 2, 2021

Top cryptocurrencies that can become Bitcoin of the future; ETH, BNB among others [details]

Bitcoin is the most desirable and is currently available for about $60,000 (nearly Rs 45 lakh) per coin, but here are some cheaper alternatives for you to check out.

Oct 24, 2021

Air India sale update: Govt receives final bids, Tata, SpiceJet in fray [details]

Air India Limited's sale is finally moving ahead as the Indian government has received the final financial bids for the airline's divestment on Wednesday.

Sep 15, 2021

PayU acquiring BillDesk for $4.7 billion; makes it world's leading online payment provider [details]

The transaction, which is subject to approval from the Competition Commission of India, builds on previous successful acquisitions by PayU in India, including CitrusPay, Paysense and Wibmo.

Aug 31, 2021

DICGC Bill 2021: Bank deposits insured for ₹5L; payouts within 90 days of bank failure [details]

The increase in the insured amount from Rs 1 lakh to Rs 5 lakh will cover 98.3 percent of all deposit accounts and 50.9 percent of deposit value, higher than international standard of 80 percent.

Jul 28, 2021

Government intervenes to save IndiGo from Jet Airways-like crash landing

IndiGo reports 292% YoY surge in revenue from operations; maintains strong balance sheet [details]

IndiGo said it has a "strong balance sheet" with a total cash of Rs 17,067.9 crore including free cash of Rs 5,620.7 crore.

Jul 28, 2021

OYO becomes first Indian startup to be rated by Moody's and Fitch; raises $660M in debt funding [details]

OYO is the first Indian startup to be publicly rated by Moody's and Fitch, two of the leading international rating agencies, which put the startup in the 'non-investment grade' category.

Jul 16, 2021

Flipkart is now valued at $37.6 billion after raising $3.6B; shares plan of growth [details]

Flipkart said that this investment reflects global investor confidence in digital commerce in India, which has continued to accelerate over the last year when access to products safely and convenience took priority.

Jul 12, 2021

Oppo F19 Pro series a hit in India; phones worth Rs 230 crore sold in just 3 days [details]

The newly-launched F19 series outsold all its predecessors by achieving more than 70 per cent growth in the first-day sale volume as compared to its last year's version F17 Pro.

Mar 24, 2021

saudi aramco, aramco ipo, aramco public issue

Saudi Aramco in talks to invest in Reliance; could be single biggest FDI to kickstart FY21-22

For Saudi Aramco, Morgan Stanley has projected stronger free cash flow in 2021.

Mar 23, 2021

CEO Sundar Pichai talks about Google's AI capabilities

What are Google Career Certificates; initiative to reskill millions of job seekers [details]

Sundar Pichai said that enrollment is now open for latest Google Career Certificates, in the fields of Data Analytics, Project Management, and User Experience (UX) Design.

Mar 14, 2021

Wipro's biggest acquisition yet - Capco at whopping $1.45 billion [details]

Wipro announced on Thursday that it would acquire the UK-based management and technology firm Capco for $1.45 billion (Rs 10,551 crore). Details here.

Mar 4, 2021

Health Insurance: How to select adequate sum insured to secure all family members

It is always better to choose a reliable insurance partner that has a good record of settling claims, including cashless health insurance claims, quickly and with ease

Mar 3, 2021

Buying home on loan made easy; SBI reduces interest rates, waives off processing fees [details]

State Bank of India on Monday is offering a limited period home loan offer, which offers lower interest rate and complete waiver of processing fees. More detials here.

Mar 1, 2021

RIL asks its 40,000 employees asked to switch from Airtel, Vodafone to Jio

RIL acquires majority stake in US-based skyTran for $26.76 million [details]

Reliance Strategic Business Ventures Limited (RSBVL) has increased its shareholding to 54.46 percent on a fully diluted basis.

Feb 28, 2021

BharatPe now valued at $922 million; gives 80x returns to investors, nears unicorn goal [details]

The Series D funding led by Coatue Management puts BharatPe's valuation at $922 million. Most recently, the startup raised $108 million (over Rs 786 crore).

Feb 23, 2021

Zomato raises Rs 1,800cr from five investors; now valued at $5.4 billion

The new valuation marks an increase from $3.9 billion valuation of Zomato in December.