IBT Business Desk

Articles by IBT Business Desk

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GST collections hit all-time high of nearly Rs 2.43 lakh crore in April

GST collections hit all-time high of nearly Rs 2.43 lakh crore in April

India's GST collections hit a record high of Rs 2.43 lakh crore in April, marking an 8.7% year-on-year growth despite global uncertainties. Net revenue stood at Rs 2.10 lakh crore after a rise in refunds. The surge was driven largely by strong import revenues, while domestic growth remained moderate. May 1, 2026
Crude oil prices jump up to 4 pc on Hormuz tensions, ceasefire doubts

Global crude prices rise 0.73 pc as US-Iran talks stall

Oil prices have surged in recent months, with Brent previously crossing $120 and even hitting $126.41, its highest since 2022, intensifying global inflation fears. Central banks in the UK and Europe, along with the US Federal Reserve led by Jerome Powell, have flagged rising oil prices as a key risk to economic stability. May 1, 2026
Adani Ports' net profit rises 16 pc in FY26, revenue surges 25 pc

Adani Ports' net profit rises 16 pc in FY26, revenue surges 25 pc

Adani Ports and Special Economic Zone Limited reported a strong FY26 performance, with net profit rising 16% YoY to ₹12,782 crore and revenue surging 25% to ₹38,736 crore, driven by record cargo volumes and growth across logistics and marine segments. Apr 30, 2026
Rupee Slips 11 Paise To 94.27 Against Dollar On US Currency Demand & Rising Oil Prices

Rupee slips past 95 against US dollar amid crude spike

The currency touched an all-time low of 95.07 and slipped further to around 95.20 during the session. The fall was also influenced by hawkish signals from the US Federal Reserve, which supported the dollar and pushed US bond yields higher, despite keeping interest rates unchanged. Apr 30, 2026
Sensex, Nifty fall nearly 1 pc as oil surge weighs on sentiment

Sensex, Nifty fall nearly 1 pc as oil surge weighs on sentiment

Sensex dropped about 700 points to 76,759.37, while Nifty slipped over 200 points to 23,943.45. The decline was broad-based, led by auto, banking, metal, FMCG, and realty stocks. Heavyweights like HDFC Bank, ICICI Bank, Tata Motors PV, Axis Bank, and M&M were among the top losers. Apr 30, 2026
Gold, silver trade on firm note ahead of US Fed decision

Gold, silver trade on firm note ahead of US Fed decision

Gold and silver traded on a firm but cautious note ahead of the US Federal Reserve policy decision, with both metals moving within a narrow range amid global uncertainty. Silver showed relatively stronger momentum but remained volatile. Apr 29, 2026
Rupee Slips 11 Paise To 94.27 Against Dollar On US Currency Demand & Rising Oil Prices

Rupee weakens to 94.81 against dollar as crude oil stays above $111

rupee weakened by 13 paise to 94.81 against the US dollar, pressured by rising global crude oil prices above 111 dollars per barrel and ongoing US-Iran tensions. Month-end dollar demand and safe-haven buying further weighed on the local currency. The dollar index rose marginally to 98.67. Apr 29, 2026
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