IBT Business Desk

Articles by IBT Business Desk

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Rs 7,000 cr firecracker sales light up Sivakasi this Deepavali

According to the Fireworks Traders Federation, firecrackers worth around Rs 7,000 crore were sold during the festive season, indicating a significant jump of Rs 1,000 crore compared to last year's Rs 6,000 crore turnover.

Oct 20, 2025

Festive cheer lifts markets as Sensex, Nifty extend winning streak

The Sensex ended 411.18 points, or 0.49 per cent, higher at 84,363.37, while the Nifty advanced 133.30 points, or 0.52 per cent, to close at 25,843.15.

Oct 20, 2025

Apple iPhone 15 becomes best-selling smartphone globally in Q3 2024

India ranks second globally in refurbished smartphone growth: Report

Apple's iPhones drove growth, with refurbished iPhone sales in India increasing by 19 per cent, fuelled by strong demand for premium models like the iPhone 13 and iPhone 14 series, according to the report from global market research firm Counterpoint Research.

Oct 20, 2025

Record fundraising in Samvat 2081: Indian companies raise Rs 2.9 lakh crore despite muted market sentiment

However, despite the strong fundraising, listing performance in 2025 has been relatively muted. Of the 85 mainboard IPOs listed so far this year, 29 opened below their issue price, while 27 saw modest listing gains of 1–10 per cent.

Oct 20, 2025

Gold shines on softer dollar; prices rise over 0.7 pc on MCX

Experts said the focus has now turned to the upcoming talks between the US and China. US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng are scheduled to meet this week, with Trump expressing optimism that the discussions could lead to an agreement.

Oct 20, 2025

Silver hits record high above $52.50 as safe-haven demand fuel rally

Silver trades flat, 8% off peak level

Metal prices fell from a session high of Rs 1,70,415 per kilogramme to a low of Rs 1,53,700, before closing at Rs 1,57,300, marking a 0.44 per cent increase from the previous close.

Oct 20, 2025

Diwali cheer on Dalal Street: Sensex surges 660 points, Nifty nears 25,900 mark

"Fresh long positions should be considered only if the Nifty sustains above the 26,000 mark. While the broader market undertone remains cautiously bullish, close monitoring of key technical levels and global developments will be crucial in the sessions ahead," market experts said.

Oct 20, 2025

India's forex rises by $4.03 billion to $698.26 billion, gold reserves jump

This comes after reserves had already risen by $3.51 billion in the previous week, taking the total to $694.2 billion as of August 29. The RBI data showed that foreign currency assets (FCAs), the largest part of the reserves, went up by $540 million to $584.47 billion.

Oct 20, 2025

Sensex rises 340 points, Nifty above 25,400 as auto, bank stocks lead gains

After 117 Years, Calcutta Stock Exchange Set to Exit Stock Market Operations

But the exchange faced a serious setback after the 2001 Ketan Parekh scam, which caused a payment crisis when many brokers failed to meet settlement obligations. This shook investor confidence and slowly pushed the exchange into decline.

Oct 19, 2025

Tax Relief: Government Extends GSTR-3B Filing Due Date to October 25

The deadline extension was widely expected this time, as the original due date, October 20, falls during the Diwali festival, when businesses and offices are usually closed or operating with limited staff.

Oct 19, 2025

US tariffs, trade deal talks, Q2 results likely to drive market sentiment next week

Market Watch: Q2 Earnings, US Tariffs and Trade Talks to Set the Tone Next Week

Union Commerce Minister Piyush Goyal recently said that discussions on the proposed India-US bilateral trade agreement are progressing rapidly and in a positive atmosphere.

Oct 19, 2025

Happy Diwali 2025: Foreign Investors Turn Buyers in Indian Market amid Festive Cheer

"The principal reason for this change in FII strategy is the reduced valuation differential between India and other markets. India's underperformance during the last one year has opened up prospects for better performance, going forward," said Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Ltd.

Oct 19, 2025

Gold prices touch new high on Dhanteras amid strong festive demand

Happy Diwali 2025: From Gold, cars to Gadgets, India Witnesses Record-Breaking Festive Season Sales

On Dhanteras, the All India Gem and Jewellery Domestic Council (GJC) reported a surge in gold and silver purchases following a sharp price correction. "We expect festive sales to cross Rs 50,000 crore. Despite high gold and silver prices, consumer sentiment is strong, driven by strategic buying and early wedding purchases," according to Rajesh Rokde, Chairman, GJC.

Oct 19, 2025

Yes Bank's Q2 net profit drops 18 pc sequentially to Rs 654 crore

However, the bank's net profit for the July-September period jumped 18 per cent year-on-year (YoY) from Rs 553.04 crore in Q2 FY25. Meanwhile, its total expenditure for the period stood at Rs 7,726.6 crore, down over 3 per cent from Rs 7,990.07 crore in the April-June period (Q1 FY26).

Oct 18, 2025

ICICI Bank's Q2 PAT rises 5 pc YoY to Rs 12,359 crore, NII up 7.4 pc

The bank in its exchange filing said that net interest income (NII) rose by 7.4 per cent to Rs 21,529 crore, with a net interest margin of 4.30 per cent. Profit before tax excluding treasury grew by 9.1 per cent year-on-year to Rs 16,164 crore in the quarter.

Oct 18, 2025

Silver posts biggest intraday correction in MCX history

Silver futures reached a session high of Rs 1,70,415 per kilogramme, before slipping to an intraday low of Rs 1,53,700 on Friday, as global safe-haven demand eased, and finally closed at Rs 1,57,300, an increase of 0.44 per cent from the previous close.

Oct 18, 2025

Gold prices touch new high on Dhanteras amid strong festive demand

Last month, gold prices jumped by Rs 20,073 per 10 gram or 18 per cent, triggering a strong sense of FOMO (fear of missing out), as every pullback is being met with aggressive buying, with Diwali around the corner. Since last Dhanteras, gold has delivered substantial gains for investors, with prices witnessing a record surge.

Oct 18, 2025

Dhanteras estimated to record Rs 1 lakh crore worth of trade: Praveen Khandelwal

On this day, people purchase gold, silver, utensils, vehicles, electronic goods, idols of Lakshmi and Ganesha, and other auspicious items."In today's times, people also buy mobile phones, laptops, and other electronic gadgets as symbols of progress and prosperity," he said.

Oct 18, 2025

Nifty, Sensex surge over 2 pc this week amid renewed hopes of US-India trade deal

The sentiment remained upbeat as Bank Nifty achieved a new milestone, driven by robust buying interest in leading banking stocks. Investor confidence was buoyed by easing concerns around asset quality in the financial sector and expectations of improved volume growth in the festive quarter.

Oct 18, 2025

Gold, silver hit record highs as global uncertainty fuels demand

Gold may touch Rs 1.5 lakh per 10 grams by 2026: Report

Gold prices have skyrocketed since March 2025, rising from $3,000 an ounce to around $4,254. In India, prices increased from Rs.78,840 per 10 grammes on Dhanteras 2024 to Rs.128,200 currently.

Oct 17, 2025

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Articles by IBT Business Desk

Rs 7,000 cr firecracker sales light up Sivakasi this Deepavali

Festive cheer lifts markets as Sensex, Nifty extend winning streak

India ranks second globally in refurbished smartphone growth: Report

Record fundraising in Samvat 2081: Indian companies raise Rs 2.9 lakh crore despite muted market sentiment

Gold shines on softer dollar; prices rise over 0.7 pc on MCX

Silver trades flat, 8% off peak level

Diwali cheer on Dalal Street: Sensex surges 660 points, Nifty nears 25,900 mark

India's forex rises by $4.03 billion to $698.26 billion, gold reserves jump

After 117 Years, Calcutta Stock Exchange Set to Exit Stock Market Operations

Tax Relief: Government Extends GSTR-3B Filing Due Date to October 25

Market Watch: Q2 Earnings, US Tariffs and Trade Talks to Set the Tone Next Week

Happy Diwali 2025: Foreign Investors Turn Buyers in Indian Market amid Festive Cheer

Happy Diwali 2025: From Gold, cars to Gadgets, India Witnesses Record-Breaking Festive Season Sales

Yes Bank's Q2 net profit drops 18 pc sequentially to Rs 654 crore

ICICI Bank's Q2 PAT rises 5 pc YoY to Rs 12,359 crore, NII up 7.4 pc

Silver posts biggest intraday correction in MCX history

Gold prices touch new high on Dhanteras amid strong festive demand

Dhanteras estimated to record Rs 1 lakh crore worth of trade: Praveen Khandelwal

Nifty, Sensex surge over 2 pc this week amid renewed hopes of US-India trade deal

Gold may touch Rs 1.5 lakh per 10 grams by 2026: Report

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'