IBT Business Desk

Articles by IBT Business Desk

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India's FDI inflows surge to $8.8 billion in April

India's FDI inflows surge to $8.8 billion in April

Gross inward foreign direct investment (FDI) inflows into India surged to $8.8 billion in April this year, higher than $5.9 billion in March and $7.2 billion in April 2024, according to the RBI's monthly bulletin released on Wednesday. Jun 26, 2025
Union Bank of India Plans ₹6,000 Crore Fundraising

Union Bank of India plans Rs 6,000 crore fundraising to support growth initiatives

Union Bank of India, a leading public sector bank, has announced a strategic plan to raise Rs 6,000 crore through a combination of equity and debt instruments. This decision, approved by the bank's board, was revealed after market hours on a recent Wednesday. The move is part of the bank's broader strategy to strengthen its financial position and support its growth initiatives. Jun 26, 2025
Adani Total Gas partners Jio-bp to enhance quality fuel supply to consumers

Adani Total Gas partners Jio-bp; what this means for consumers

The agreement covers both existing and future outlets of the two partners, with ATGL currently operating a network of 650 CNG stations and Jio-bp boasting a network of 2,000 outlets. This collaboration is a significant milestone in the journey of both companies towards sustainable growth and innovation. Jun 25, 2025
Number of India's dollar millionaires to surge 55 pc by 2029: Report

Number of India's dollar millionaires to surge 55 pc by 2029: Report

From 2014 to 2024, organic growth varied sharply by region, with wealth managers in the Asia Pacific region (APAC) achieving rates of 50 per cent -- more than double that of their peers in EMEA (Europe, Middle East and Africa) and North America, driven decisively by emerging markets like India, the report states. Jun 25, 2025
Oman becomes first country in Gulf to impose income tax

Oman becomes first country in Gulf to impose income tax

The 5 per cent tax will kick in from January 2028 and only applies to annual income of 42,000 rials ($109,000). The move will bring into the tax ambit only the top 1 per cent earners, the state-run Omani News Agency has reported. Jun 23, 2025
Indian stock market trades lower amid Middle East crisis

Indian stock market trades lower amid Middle East crisis

Nifty Bank was down 387.75 points or 0.69 per cent at 55,865.10 The Nifty Midcap 100 index was trading at 57,776.05 after dropping 219.45 points or 0.38 per cent. Nifty Smallcap 100 index was at 18,148.95 after declining 45.25 points or 0.25 per cent. Jun 23, 2025
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