IBT Business Desk

Articles by IBT Business Desk

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Swiggy

Swiggy's losses nearly double in Q1 to Rs 1,197 crore

Swiggy's overall EBITDA loss also increased to Rs 954 crore, compared to Rs 544 crore in the same quarter previous year. However, the food and grocery delivery major recorded a 53.9 per cent jump in its revenue from operations to Rs 4,961 crore during the June quarter against Rs 3,222 crore in Q1 FY25. Jul 31, 2025
sensex nifty

Indian stock market defies US tariffs threat; settles slightly lower

Sensex ended the session at 81,185.58, down 296.28 points or 0.36 per cent. The 30-share index opened the trading with a significant fall at 80,695.50 against the last session's closing of 81,481.86. The index showed some resiliency, erasing early gains and returning in green in the afternoon, hitting an intraday high at 81,803.27 amid buying in the consumer sector. However, it did not hold up the momentum in the closing hour due to a monthly expiry day. Jul 31, 2025
Centre aims to collect Rs 900 crore for BSNL, Rs 4,573 crore for MTNL via asset monetisation in FY26

Centre aims to collect Rs 900 crore for BSNL, Rs 4,573 crore for MTNL via asset monetisation in FY26

Union Minister of State for Communications, Pemmasani Chandra Sekhar, told the Rajya Sabha in a reply to a question that the assets monetisation is being done as per the revival packages approved by the Union Cabinet. The minister emphasised that there is no plan to shut down BSNL and MTNL, and the "proceeds of asset monetisation are being used in accordance with the approvals of the Union Cabinet". Jul 31, 2025
NSE IPO, national stock exchange ipo, NSE Mumbai, stock market india

Indian stock market settles in green ahead of US Fed meet

Sensex closed at 81,481.86, up 143.91 points or 0.18 per cent. The 30-share index started the session with a decent gap-up at 81,594.52 against the last session's closing of 81,337.95. The index remained range-bound amid mixed reactions from investors, and it touched an intra-day high at 81,618.96. Jul 30, 2025
NSE's Q1 net profit rises 10.3 pc sequentially, revenue falls 10.6 pc YoY

NSE's Q1 net profit rises 10.3 pc sequentially, revenue falls 10.6 pc YoY

Revenue from operations for the same quarter increased by 6.92 per cent sequentially to Rs 4,032 crore, compared to Rs 3,771 crore in previous quarter. However, on YoY basis, the revenue was down by 10.59 per cent from Rs 4,510 crore in Q1 FY25, the company stated in its financial statement. Jul 29, 2025
Black Money: Govt raises Rs 35,104 crore tax demand and penalty in 10 years

Black Money: Govt raises Rs 35,104 crore tax demand and penalty in 10 years

In addition, demand of Rs 13,385 crore has been raised (till March 31, 2025) on account of penalties imposed under various sections of Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, Minister of State for Finance, Pankaj Chaudhary, told the Rajya Sabha in a written reply to a question. Jul 29, 2025
India projected to see salary hikes between 6.2-11.3 pc across industries in FY26

India projected to see salary hikes between 6.2-11.3 pc across industries in FY26

According to the report, top roles within industries with the highest salary increment are Electrical Design Engineer (12.4 per cent) in EV and EV Infrastructure, In-Store Demonstrator (12.2 per cent) in Consumer Durables, Relationship Executive (11.6 per cent) in NBFC, and Fashion Assistant (11.2 per cent) in Retail. Jul 29, 2025
India sees over 65,000 crore digital transactions worth Rs 12,000 lakh crore in last 6 fiscals

India sees over 65,000 crore digital transactions worth Rs 12,000 lakh crore in last 6 fiscals

The government has been closely working with different stakeholders including the Reserve Bank of India (RBI), National Payments Corporation of India (NPCI), fintechs, banks and state governments to increase the adoption rates of digital payments in the country including in tier-2 and tier-3 cities, said Pankaj Chaudhary, Minister of State for Finance, in a written reply to a question in Lok Sabha. Jul 29, 2025
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