IBT Business Desk

Articles by IBT Business Desk

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Rupee trades lower amid elevated crude prices

Rupee hits all-time low, breaches 96 for 1st time against US dollar

The rupee fell to a fresh record low on Friday, slipping past the 96 mark against the US dollar as rising crude oil prices and the ongoing West Asia conflict continued to pressure the currency.

15 days ago

India's forex reserves jump $6.3 billion to $696.99 billion on surge in gold holdings

India's forex reserves rose by $6.3 billion to $696.99 billion in the week ended May 8, mainly due to a sharp rise in gold reserves, according to RBI data. Gold holdings jumped by $5.64 billion, while foreign currency assets also increased slightly.

15 days ago

Sensex, Nifty end lower amid surge in crude oil prices

The benchmark Nifty closed 46.10 points, or 0.19 per cent, lower at 23,643.50, while the Sensex declined 160.73 points, or 0.21 per cent, to settle at 75,237.99.

15 days ago

Gold, silver tumble up to 4 pc amid stronger dollar, rising crude prices

Gold and silver prices fell sharply on Friday amid a stronger US dollar and rising crude oil prices. On the MCX, gold futures dropped over 1.5 per cent to an intraday low of Rs 1,59,500, while silver futures plunged more than 4 per cent to Rs 2,79,102

15 days ago

Attention Mumbaikars! Petrol, Diesel Prices Hiked By ₹3 Amid Global Oil Crisis Due To Iran War; Check New Rates Here

Attention! Petrol, Diesel Prices Hiked By ₹3 Amid Global Oil Crisis Due To Iran War; Check New Rates Here

The Centre on Friday raised petrol and diesel prices by Rs 3 per litre nationwide, the first retail revision in nearly four years, citing soaring global crude prices. In Mumbai, petrol rose to Rs 106.68 and diesel to Rs 93.14 per litre.

15 days ago

Income Tax Dept launches 'Kar Saathi' website to simplify tax filing, offer 24x7 AI help

ITR filing process for AY 2026-27 officially begins

ITR filing process for AY 2026-27 has begun with Excel utilities for ITR-1 and ITR-4 now available on the e-filing portal. Taxpayers can file returns online or offline by uploading JSON files, while the deadline for non-audit taxpayers remains July 31.

15 days ago

Indian markets trade flat amid mixed global cues, oil prices rise

Indian equity markets traded flat on Friday amid mixed global cues and rising crude oil prices. The Nifty slipped 0.11 per cent to 23,663, while the Sensex fell 147 points in early trade. Metal, Realty and Oil & Gas stocks led the decline,

15 days ago

Gold holds steady amid easing US-Iran tensions; silver gains on MCX

Government raises gold, silver import duty to 15% amid West Asia crisis and forex pressure

The government has also increased customs duty on gold and silver imports to 15 per cent and raised platinum import duty to 15.4 per cent as part of broader efforts to curb non-essential imports and manage forex pressure amid rising oil prices linked to the West Asia crisis.

16 days ago

Sensex settles 790 pts higher, Nifty tops 23,650; Eternal, DRL rise 3% each

Sensex closed at 75,398.72, rising 789.74 points or 1.06 per cent, while ifty settled 277 points or 1.18 per cent higher at 23,689.60. During intraday trade, the benchmarks jumped as much as 1.43 per cent or 1,073 points to 75,681.88 and 1.55 per cent or 364 points to 23,777.20, respectively.

16 days ago

Gold, silver decline up to 2 pc amid profit-booking

Gold and silver prices declined on Thursday amid profit-booking following the government's decision to raise import duty on precious metals to 15 per cent.

16 days ago

Govt prohibits sugar exports till September for domestic availability

The Indian government has prohibited exports of raw, white, and refined sugar until September 30, 2026, or until further orders, to ensure adequate domestic supply and contain local prices amid lower expected production.

16 days ago

Sensex, Nifty trade higher amid buying in pharma, banking stocks

Sensex rose as much as 462 points or 0.61 per cent to touch an intraday high of 75,071 in morning trade, while Nifty traded around 170 points or 0.72 per cent higher at 23,581.

16 days ago

Iran war may force fuel price hike in India as crude crosses $100: RBI Governor warns

Petroleum Minister Hardeep Singh Puri has stated that petrol, diesel, and LPG stocks in the country are adequate, but hinted that prices may have to be raised due to the heavy losses that public sector oil companies were piling up.

17 days ago

Sensex, Nifty end volatile session marginally higher led by metal stocks

The 30-share Sensex closed 49.74 points, or 0.07 per cent, higher at 74,608.98 after witnessing sharp intra-day swings. During the session, the index touched an intra-day low of 74,134.48 and a high of 75,191.57.

17 days ago

India raises gold, silver import duty to 15% amid West Asia crisis and forex concerns

The Centre has raised import duties on gold and silver to 15% from 6% to curb rising imports and ease pressure on India's forex reserves amid the West Asia crisis. The move follows PM Narendra Modi's call to reduce gold purchases and fuel consumption.

17 days ago

Very good boy, unfortunate that he is no longer with us: Akhilesh Yadav on Prateek Yadav's demise

India stock markets open flat amid mixed global cues, lower oil prices

Indian equity markets opened on a flat note amid mixed global signals and easing crude oil prices. The Sensex and Nifty posted marginal gains in early trade, while sector-wise performance remained mixed, with IT and media stocks under pressure and metals

17 days ago

Sensex crashes 1,456 points, Nifty slips below 23,400 as West Asia tensions rattle markets

The Sensex plunged 1,456 points to close at 74,559.24, while the Nifty slipped 436 points to settle below the 23,400 mark at 23,379.55.

18 days ago

Sensex, Nifty open lower amid crude spike, geopolitical tensions

Indian equity benchmarks continued their decline for a second session on Tuesday morning, with the Sensex falling as much as 474 points (0.62 percent) to an intraday low of 75,541. The Nifty also traded lower, dropping 126 points (0.53 percent) to 23,689.

18 days ago

Crude oil prices jump up to 4 pc on Hormuz tensions, ceasefire doubts

Centre reduces oil, gas royalty burden across offshore and deepwater blocks

Under the revised framework, deepwater blocks will pay 5% royalty for the first seven years of commercial production and 10% thereafter. Ultra-deepwater blocks will enjoy zero royalty for the first seven years, followed by a 5% levy from the eighth year onward.

18 days ago

Sensex tanks over 1300 points as Middle East tension intensifies

At the closing bell, the Nifty was down by 360.3 or 1.49 per cent at 23,815.85, and the Sensex ended 1312.91 points or 1.70 per cent lower at 76,015.28.

19 days ago

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Articles by IBT Business Desk

Rupee hits all-time low, breaches 96 for 1st time against US dollar

India's forex reserves jump $6.3 billion to $696.99 billion on surge in gold holdings

Sensex, Nifty end lower amid surge in crude oil prices

Gold, silver tumble up to 4 pc amid stronger dollar, rising crude prices

Attention! Petrol, Diesel Prices Hiked By ₹3 Amid Global Oil Crisis Due To Iran War; Check New Rates Here

ITR filing process for AY 2026-27 officially begins

Indian markets trade flat amid mixed global cues, oil prices rise

Government raises gold, silver import duty to 15% amid West Asia crisis and forex pressure

Sensex settles 790 pts higher, Nifty tops 23,650; Eternal, DRL rise 3% each

Gold, silver decline up to 2 pc amid profit-booking

Govt prohibits sugar exports till September for domestic availability

Sensex, Nifty trade higher amid buying in pharma, banking stocks

Iran war may force fuel price hike in India as crude crosses $100: RBI Governor warns

Sensex, Nifty end volatile session marginally higher led by metal stocks

India raises gold, silver import duty to 15% amid West Asia crisis and forex concerns

India stock markets open flat amid mixed global cues, lower oil prices

Sensex crashes 1,456 points, Nifty slips below 23,400 as West Asia tensions rattle markets

Sensex, Nifty open lower amid crude spike, geopolitical tensions

Centre reduces oil, gas royalty burden across offshore and deepwater blocks

Sensex tanks over 1300 points as Middle East tension intensifies

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'