IBT Business Desk

Articles by IBT Business Desk

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Indian share market opens flat, HDFC Bank and TCS among top gainers

The Indian stock market opened flat on Wednesday as buying was seen in the IT, financial services, FMCG and metal sectors in the early trade.

Oct 23, 2024

Paytm sells entertainment ticketing business to Zomato for Rs 2,048 crore

Zomato clocks over 30 pc net profit loss in Q2, to raise Rs 8,500 crore via QIP

Online food aggregator Zomato on Tuesday reported over 30 per cent loss in net profit at Rs 176 crore (quarter-on-quarter) in the July-September period, from Rs 253 crore in the previous quarter (Q1 FY25).

Oct 22, 2024

Petrol pumps in Rajasthan to remain shut from March 10-12 to protest high VAT

Lower petrol and diesel consumption, make transportation sustainable in India: Experts

As the enterprises strive to embed the environmental, social, and governance (ESG) framework into their core business model, industry experts on Tuesday said they are trying to make transportation in India more sustainable by lowering the consumption of petroleum and diesel.

Oct 22, 2024

Adani Group's Ambuja Cements acquires 47 pc stake in Orient Cement for Rs 8,100 crore

Cemented Deal: Adani Group's Ambuja Cement Finalizes 47% Stake in Orient Cement

Ambuja Cements, the cement and building material company of the diversified Adani Group, on Tuesday announced to acquire Orient Cement Ltd (OCL) at an equity value of Rs 8,100 crore.

Oct 22, 2024

Sensex closes flat, ICICI Bank and Bajaj Finserv top gainers

Sensex opens in green but slips by 443 points

The Indian stock market opened in green on Tuesday as buying was seen in the IT and pharma sectors in early trade.

Oct 22, 2024

'The clock has stopped ticking': Ratan Tata passes away at 86; PM Modi, Anand Mahindra, Harsh Goneka pay heartfelt tributes

Tata best business group in India, Ratan Tata was a humble figure: Mark Mobius

Terming Tata Group the best business group in India, global investor Mark Mobius on Monday recalled that he had met the (recently-deceased) Ratan Tata a few years ago and "despite being a titan of the Indian Industry, he was very humble".

Oct 21, 2024

Zepto CEO credits govt's role for India's startup growth

Zepto CEO credits Modi govt for mushrooming of start-ups

Aadit Palicha, Co-Founder & CEO of Zepto credited Modi government for creating an 'enabling' atmosphere for mushrooming of start-ups and expressed optimism that the the greenhorn businesses will power the next phase of growth.

Oct 21, 2024

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Market Closure: Sensex and Nifty drop lower, Tata Consumer and Kotak Mahindra Bank top losers

The Indian stock market closed in red on Monday as IT and PSU banks remained under pressure at the end of trading.

Oct 21, 2024

SEBI gives approval to Niva Bupa for Rs 3,000 crore IPO

Niva Bupa Health Insurance on Monday said it has received final approval from the capital markets regulator, the Securities and Exchange Board of India (SEBI), to raise Rs 3,000 crore through an initial public offering (IPO).

Oct 21, 2024

India sees all-time high deal numbers in real estate sector in July-Sep

Foreign investors infuse $436 mn in India's real estate sector, 139 pc YOY increase in Q3 2024

Institutional investments in India's real estate sector witnessed an annual growth of 41 per cent in Q3 2024, reaching $0.96 billion.

Oct 21, 2024

Probe unfair, predatory practices by quick commerce platforms: AICPDF to CCI

The All India Consumer Products Distributors Federation (AICPDF), which represents 4 lakh distributors across the country, on Sunday said it has written to the Competition Commission of India (CCI) about unfair practices like predatory pricing by quick commerce players like Blinkit, Zomato, Swiggy, and others.

Oct 21, 2024

Indian stock market opens in green, Sensex rises 429 points; Led by Auto, IT and bank sectors

The Indian stock market opened in green on Monday as buying was seen in the auto, IT and PSU bank sectors.

Oct 21, 2024

Maldivian President decides to introduce India's UPI in Maldives

Maldivian President Mohamed Muizzu has decided to take the necessary steps to introduce India's Unified Payment Interface (UPI) in the Maldives.

Oct 21, 2024

Indian Stock Market : Long-term outlook for domestic market remains robust amid geopolitical risks

Despite a sustained selling pressure from the foreign institutional investors (FIIs) amid geo-political tensions this week, the long-term outlook for the domestic market remains robust with a stability in growth and a pickup in capex.

Oct 19, 2024

IPO boom: Hyundai Motor India public issue subscribed over 2 times on last day

Hyundai Motor India Ltd's initial public offering has been subscribed 2.34 times till 4 p.m. on its third and last day on Thursday as the qualified institutional buyers (QIB) portion in the IPO was subscribed nearly 7 times.

Oct 17, 2024

Wipro's net income grows 21 pc YoY in Q2, announces 1:1 bonus share

IT major Wipro on Thursday reported net income in the July-September period (Q2 FY25) at Rs 3,209 crore -- a 6.8 per cent quarterly growth and 21.3 per cent annual growth.

Oct 17, 2024

Infosys stock falls as company disputes Rs 32,000 crore GST notice

IT major Infosys posts 4.7 pc increase in Q2 net profit at Rs 6,506 crore

IT major Infosys on Thursday reported a 4.7 per cent increase in net profit (year-on-year) in the July-September period (Q2 FY25) to Rs 6,506 crore from Rs 6,212 crore in the year-ago quarter.

Oct 17, 2024

India's readymade garment exports surge despite global headwinds: AEPC

India's readymade garment exports surge despite inflationary pressure: AEPC

India's readymade garment (RMG) exports recorded high growth of 17.3 per cent despite global headwinds and continued inflationary pressure, the Apparel Export Promotion Council (AEPC).

Oct 17, 2024

Customers wearing face masks shop at a store of Lynden Park Mall in Brantford, Ontario, Canada, on June 12, 2020. The province of Ontario allowed most regions outside the Toronto and Hamilton areas to reopen more businesses on Friday during the COVID-19 o

Fashion, electronics drive festive season's sales, consumption on rise

As India kicked off online festive season sales, affordable fashion and premium electronics emerged as the top-performing categories, as private consumption surged especially in the rural parts of the country,

Oct 17, 2024

Sensex plunges 318 pts, Infosys and JSW Steel top losers

The Indian benchmark indices closed in the red on Wednesday as auto, IT, and PSU banks remained under pressure.

Oct 16, 2024

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Articles by IBT Business Desk

Indian share market opens flat, HDFC Bank and TCS among top gainers

Zomato clocks over 30 pc net profit loss in Q2, to raise Rs 8,500 crore via QIP

Lower petrol and diesel consumption, make transportation sustainable in India: Experts

Cemented Deal: Adani Group's Ambuja Cement Finalizes 47% Stake in Orient Cement

Sensex opens in green but slips by 443 points

Tata best business group in India, Ratan Tata was a humble figure: Mark Mobius

Zepto CEO credits Modi govt for mushrooming of start-ups

Market Closure: Sensex and Nifty drop lower, Tata Consumer and Kotak Mahindra Bank top losers

SEBI gives approval to Niva Bupa for Rs 3,000 crore IPO

Foreign investors infuse $436 mn in India's real estate sector, 139 pc YOY increase in Q3 2024

Probe unfair, predatory practices by quick commerce platforms: AICPDF to CCI

Indian stock market opens in green, Sensex rises 429 points; Led by Auto, IT and bank sectors

Maldivian President decides to introduce India's UPI in Maldives

Indian Stock Market : Long-term outlook for domestic market remains robust amid geopolitical risks

IPO boom: Hyundai Motor India public issue subscribed over 2 times on last day

Wipro's net income grows 21 pc YoY in Q2, announces 1:1 bonus share

IT major Infosys posts 4.7 pc increase in Q2 net profit at Rs 6,506 crore

India's readymade garment exports surge despite inflationary pressure: AEPC

Fashion, electronics drive festive season's sales, consumption on rise

Sensex plunges 318 pts, Infosys and JSW Steel top losers

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'