IBT Business Desk

Articles by IBT Business Desk

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Gold prices rise to 3-month high on back of safe-haven demand

Gold prices may touch Rs 1.3 lakh this Dhanteras, Rs 1.5 lakh likely by 2026

On the Multi Commodity Exchange (MCX), gold prices have already touched Rs 1,22,284 per 10 grams for the December contract this week. Analysts said the rally is being driven by global economic uncertainty, geopolitical tensions, and rising hopes of interest rate cuts by the US Federal Reserve. Oct 13, 2025
ED arrests Reliance Power CFO Ashok Kumar Pal in money laundering case

ED arrests Reliance Power CFO Ashok Kumar Pal in money laundering case

On June 13 this year, SBI tagged the loan accounts of Reliance Communications (RCom) and its promoter, Anil Ambani, as fraudulent. The bank cited diversion of funds, breach of covenants and related-party transactions as the reasons behind its decision, approaching the Central Bureau of Investigation (CBI) for action. Oct 11, 2025
Karva Chauth 2025: GST 2.0 Booster Drives Sales Surge to ₹28,000 Crore

Karva Chauth 2025: GST 2.0 booster drives sales surge to Rs 28,000 crore

Member of Parliament from Chandni Chowk and CAIT Secretary General, Praveen Khandelwal, said that based on the heavy consumer rush seen on Thursday and Friday, along with feedback from across the country, total business on Karva Chauth is expected to reach about Rs 28,000 crore nationwide and around Rs 8,000 crore in Delhi alone. Oct 11, 2025
Stock market continues positive momentum ahead of Fed rate cut, bank stocks jump

Stocks end week on a high note; Banks, IT and pharmaceuticals lead gains

Investors' sentiment remained firm toward banking stocks during the period, buoyed by the RBI monetary committee decision to keep the repo rate unchanged at 5.5 per cent, and it improved further after the government invited private sector professionals to lead the State Bank of India. Oct 11, 2025
India Inc. credit ratio rose to 2.56 times in H1FY26: Report

India Inc's revenue expected to grow 9 pc in Q2 FY26: Report

This growth is attributed to strong performance in oil marketing companies (OMC), although it is moderated by challenges in the banking, financial services, and insurance (BFSI) sectors, according to Equirus Securities' forecast for its coverage universe. Oct 10, 2025
Sensex, Nifty open with gains as potential rate cut in US boosts sentiment

Sensex, Nifty edge higher as geopolitical tensions ease

"This encourages us to look for 25460, in the days ahead. For the day, inability to push and float above 25215 or direct fall past 25113, could render the trend sideways, but may not call for a break of 24982 right away," they added. Oct 10, 2025
Indian stock market opens higher, Sensex above 83,400

Stock market ends higher amid buying in IT, pharma and metal stocks

Sensex closed at 82,172.10, up 398.44 points or 0.49 per cent. The 30-share index started the session with a decent gap-up at 81,900.0 against last day's closing of 81,773.66. The index further escalated the momentum to reach the intraday high at 82,247.73 amid buying across the sectors. Oct 9, 2025
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