IBT Business Desk

Articles by IBT Business Desk

Email : editor@ibtimes.co.in
'Diwali Gift' GST Reforms Touted as Big Step in Tax Efficiency

'Diwali Gift' GST reforms termed as big step in tax efficiency by CII

CII also applauded the heightened focus on strategic sectors, the push for Made-in-India semiconductor chips by year-end underscores India's emergence in global tech manufacturing, while the Sudarshan Chakra Mission, energy self-reliance, and space capabilities, including the plan for an indigenous space station, signal a transformative leap in indigenous innovation. Aug 16, 2025
Indian stock market ends lower amid US tariff jitters, Sensex declines 765 points

India's Forex reserves scale $693.6 bn after $4.75 bn boost

For the week ending on Aug 8, foreign currency assets, a major component of the reserves, increased by $2.84 billion to $583.98 billion. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. Aug 16, 2025
Explained: Structural GST reforms to bring rate rationalisation, ease of living

Explained: Structural GST reforms to bring rate rationalisation, ease of living

"The Central Government is proposing major reforms in GST to build an 'Atmanirbhar Bharat' by focussing on structural reforms, rate rationalisation, and ease of living," PM Modi said. Reforms also aim to reduce classification disputes, correct inverted duty structures in specific sectors, ensure greater rate stability, and improve ease of doing business, an official release said. Aug 15, 2025
India clocks rapid progress in food, energy and defence sectors over last 10 years: Report

S&P Global upgrades India sovereign credit rating to 'BBB', outlook stable

The short-term rating on India has also been revised to A-2 from A-3 earlier, and the transfer and convertibility assessment has been revised to A- from BBB+.The impact of US tariffs on India will likely be manageable, with sound economic fundamentals expected to support the country's growth momentum over the next two to three years, according to the note. Aug 14, 2025
Stock market hits 9-month high as Sensex surges past 84,000, Nifty nears 25,650

Indian stock market settles flat ahead of key US-Russia summit

Sensex settled at 80,597.66, up 57 points or 0.07 per cent. The 30-share index started the session slightly up at 80,625.28 against last session's closing of 80,539.91, continuing the last day's momentum. The index remained range-bound, touching an intra-day high at 80,751.18 and a low at 80,489.86, during the session amid a mixed approach from the investors. Aug 14, 2025
India's economy continues on fast-growth track: CEA Nageswaran

India's economy continues on fast-growth track: CEA Nageswaran

In his address at an event here, Nageswaran said the consumption slowdown last year was largely due to tight credit and liquidity conditions, prompting the government to announce substantial middle-class tax cuts in the Union Budget. The Reserve Bank of India has also cut policy rates by 100 basis points and ensured a liquidity surplus to support growth, he added. Aug 13, 2025
SBI, State Bank Of India,

SBI to revise IMPS charges from August 15 for certain transactions

According to media reports, charges will apply, though, for amounts over Rs 25,000: Rs 2 + GST for transactions over Rs 25,000 and up to Rs 1 lakh, Rs 6 + GST for amounts over Rs 1 lakh and up to Rs 2 lakh, and Rs 10 + GST for transfers over Rs 2 lakh and up to Rs 5 lakh. Aug 13, 2025
Indian stock market opens higher, Sensex above 83,400

Nifty, Sensex open higher in early trade; metal stocks lead gains

Broader market indices outperformed the benchmark indices, with the BSE SmallCap adding 0.65 per cent and the BSE MidCap climbing 0.64 per cent. Sectorally, Nifty Metal surged 1.57 per cent and Nifty Realty surged 0.76 per cent. The majority of other indices were mixed, showing modest gains and losses in the range of 0.10 to 0.40 per cent. Aug 13, 2025
Stock market ends lower ahead of key inflation data, tariff concerns

Stock market ends lower ahead of key inflation data, tariff concerns

Sensex ended the session at 80,235.59, down 368.49 or 0.46 per cent. The 30-share index started the session in negative territory at 80,508.51 against last session's closing of 80,604.08 as participants awaited the release of July inflation data from both domestic and US sources. Aug 12, 2025
Indian stock market ends lower amid US tariff jitters, Sensex declines 765 points

Nifty, Sensex open flat amid mixed global cues

The BSE Sensex advanced 0.10 per cent or 80 points to 80,684 points. The Nifty 50 inched up to 24,612 advancing 0.11 per cent. Broader market indices also saw buying activity, with the BSE SmallCap adding 0.39 per cent and the BSE MidCap climbing 0.06 per cent. Aug 12, 2025