IBT Business Desk

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From sugar to IT exports, GST rejig to boost Maharashtra's economy

From sugar to IT exports, GST rejig to boost Maharashtra's economy

The GST reduction on refined sugar from 12 per cent to 5 per cent will lower sugar prices by around 7 per cent at whole sale level, benefiting India's largest sugar producer-Maharashtra's sugar belt, comprising of Kolhapur, Sangli, Satara, Pune, Solapur, and Ahmednagar. Oct 5, 2025
Bitcoin touches record high crossing $125,000

Bitcoin touches record high crossing $125,000

As of 2.54 pm today, the bitcoin stood at $124,353.96, up 1.55 per cent in intraday trading. The cryptocurrency experienced its eighth consecutive session of surges on Friday, propelled by recent gains in US equities and inflows into Bitcoin exchange-traded funds. Oct 5, 2025
Sensex up 715 points

Indian Markets Wrap Up Holiday-Shortened Week on Strong Note

On Friday, Sensex ended the session at 81,207.17, up 223.86 points or 0.28 per cent. Nifty closed at 24,894.25, up 57.95 points or 0.23 per cent. The Nifty extended its pullback for the second straight session, crossing above its key 50-DMA at 24,830 and forming a bullish candle on the daily chart. After last week's steep decline, the index displayed signs of recovery by closing above the 24,800 mark. Oct 4, 2025
Stock market continues positive momentum ahead of Fed rate cut, bank stocks jump

Stock market ends higher amid buying in banking, metal stocks

The Nifty extended its pullback for the second straight session, crossing above its key 50-DMA at 24,830 and forming a bullish candle on the daily chart. After last week's steep decline, the index displayed signs of recovery by closing above the 24,800 mark, said analysts. Oct 3, 2025
Banks to clear cheques on same day from Oct 4 over RBI guidelines

Banks to clear cheques on same day from Oct 4 over RBI guidelines

Cheques deposited from October 4 will be cleared within a few hours on the same day under the new system. Both banks have urged customers to keep adequate balances to prevent cheque bounce and to ensure all cheque details are accurately filled to avoid delays or rejections. Oct 3, 2025
intellect design arena, intellect design share price, intellect design arena news, rekha jhunjhunwala sells, rakesh jhunjhunwala intellect design arena, bse sensex, nse nifty

Sensex, Nifty open lower over sustained FII selling

The broad cap indices, Nifty Midcap 100 and Nifty Smallcap 100, inched up 0.22 and 0.14 per cent respectively. Tata Steel, Axis Bank, Kotak Mahindra Bank, Tata Motors and Asian Paints were among major gainers on the Nifty pack, while losers included Max Healthcare, Bajaj Finance, Shriram Finance and ICICI Bank, among others. Oct 3, 2025
Over 150 products may see rate cut in GST Council meet this week

GST 2.0: Empowering livelihoods and growth in Uttar Pradesh

Lower tax rates are expected to improve affordability for households, ease working-capital pressures on artisans, and strengthen MSME competitiveness in both domestic and global markets, according to an official statement issued on Thursday. Oct 2, 2025
Sensex up 715 points

RBI MPC decisions break 8-day losing streak, Sensex surges 715 points

Sensex ended the session at 80,983.31, up 715.69 points or 0.89 per cent. The 30-share index started the session a bit lower at 80,159.90 against last session's closing of 80,267.62. However, the index turned positive and had a sharp rally after post RBI announced to maintain the status quo on repo rate. The index touched an intraday high of 81,068.43. Oct 1, 2025
RBI slashes inflation forecast to 2.6 pc in FY26 over GST reforms, benign food prices

RBI slashes inflation forecast to 2.6 pc in FY26 over GST reforms, benign food prices

RBI Governor Sanjay Malhotra said that "The recently implemented GST rate rationalisation would lead to a reduction in prices of several items in the CPI basket. Overall, the inflation outcome is likely to be softer than what was projected in the August monetary policy committee resolution, primarily on account of the GST rate cuts and benign food prices." Oct 1, 2025
Reserve Bank of India.

RBI rolls out more steps to internationalise the rupee

"For months now, the government has been taking steps to internationalise the rupee, which refers to the process of making the Indian currency widely accepted and used for global trade, finance, and investment. We have been making steady progress in this regard," RBI Governor Sanjay Malhotra said. Oct 1, 2025
RBI doubles IPO loan limit, allows up to Rs 25 lakh financing per investor

RBI doubles IPO loan limit, allows up to Rs 25 lakh financing per investor

The central bank has decided to allow banks to finance acquisitions by Indian corporates, while also easing restrictions on lending against shares and debt securities. Governor Sanjay Malhotra, after the Monetary Policy Committee (MPC) meeting, said that the RBI will put in place an enabling framework to help banks provide loans for acquisitions. Oct 1, 2025
India Inc. credit ratio rose to 2.56 times in H1FY26: Report

India Inc. credit ratio rose to 2.56 times in H1FY26: Report

While small-sized auto ancillaries and dealers, chemical manufacturers, small Finance Banks (SFBs) and NBFCs exposed to microfinance and unsecured business loans saw the highest downgrades amid pricing pressures and asset-quality concerns. Oct 1, 2025