IBT Business Desk

Articles by IBT Business Desk

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No proposal for merger or disinvestment of public sector banks: Govt

No proposal for merger or disinvestment of public sector banks: Govt

Reports were claiming that the government is working on a PSB consolidation blueprint that could reduce the number of state-owned lenders from 12 to just four in FY27. The proposal reportedly planned to strengthen balance sheets, improve operational efficiency and create globally competitive banking institutions. Dec 2, 2025
Prada Group buys Versace in $1.37 billion deal

Prada Group buys Versace in $1.37 billion deal

The deal marks the end of Versace's ownership under Capri Holdings, the US-based luxury group that had controlled the brand through the post-pandemic years. Capri Holdings said the money received from the sale will be used to repay most of its debt, a step that will strengthen its financial position and improve its flexibility for future investments. Dec 2, 2025
Indian stock market settles lower amid profit booking, FII selling

Indian stock market settles lower amid profit booking, FII selling

Sensex settled at 85,138.27, down 503.63 points or 0.59 per cent. The 30-share index started the session lower at 85,325.51 against last session's closing of 85,641.90. The index declined further amid selling in banking, IT, and other heavyweights, touching an intra-day low at 85,053.0. Dec 2, 2025
Sensex, Nifty end lower over monthly Futures and Options expiry

Sensex, Nifty recover from early fall as profit booking keeps markets volatile

The Sensex was trading at around 85,508, down 134 points or 0.16 per cent, while the Nifty slipped 31 points or 0.12 per cent to 26,145. "The Nifty's positional trend remains bullish, with strong support at the 26000-26050 zone. On the higher side, 26300 could offer resistance on a closing basis," market watchers added. Dec 2, 2025
sensex, nifty, india news,economic survey 2017, idea cellular share price, sensex live updates, top losers

Sensex, Nifty open at record high over strong Q2 GDP growth

As of 9.30 am, the Sensex advanced 291 points, or 0.34 per cent at 85,997 and the Nifty added 86 points, or 0.33 per cent to 26,289.The broadcap indices performed in line with the benchmarks, with the Nifty Midcap 100 up 0.28 per cent and the Nifty Smallcap 100 adding 0.58 per cent. Dec 1, 2025
NSE cuts Fin Nifty quantity freeze limit to 1,200 contracts effective Dec 1

NSE Cuts Fin Nifty Quantity Freeze Limit to 1,200 Contracts from Dec 1

The National Stock Exchange (NSE) has revised the quantity freeze limit for Fin Nifty (NIFTY Financial Services Index derivatives) to 1,200 contracts, effective December 1. A quantity freeze limit restricts the maximum order size a trader can place in a single order, helping prevent erroneous large trades and maintaining orderly market functioning. Nov 29, 2025
Gold, silver tumble as hopes of December Fed Rate cut fade

Gold price rallies amid growing expectations of US Fed rate cut

Prices dipped slightly after the US government shutdown ended, easing economic concerns. Bank of America highlighted that gold could reach $5,000 amid macroeconomic factors like high debt, persistent inflation, and low interest rates, though global demand and supply constraints remain key considerations. Nov 29, 2025
India's financial markets enter 2026 with renewed confidence

Markets enter 2026 on high: GST 2.0 lift, PMI 58.4, FII buying

India's financial markets are entering 2026 with renewed confidence after a strong rebound in October. Benchmark indices surged — Nifty 50 by 4.5% and Sensex by 4.6% — driven by GST 2.0-led consumption, a two-month high manufacturing PMI of 58.4, and renewed FII buying. Nov 28, 2025
India China relations

India ranks third in Asia Power Index 2025 amid increasing geopolitical influence

As per its rankings, India is seen much ahead of its peers but stays behind China with a big difference. Both India and China have scored better in various metrics and improving their standing than before but the wide gap exists between the two. Russia is seen improving its overall power in Asia for the first time since 2019. Nov 28, 2025