IBT Business Desk

Articles by IBT Business Desk

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Sensex hits 85,000 for first time, Nifty trades at all-time high

Sensex Soars 459 Points As Indian Stock Market Opens On A Positive Note

The Indian stock market opened in green on Friday amid fresh tensions between Russia and Ukraine, as buying was seen in PSU bank, and realty sectors.

Nov 22, 2024

Chip giant Nvidia to design new AI chips every year: CEO

Nvidia reports strong revenue growth at $35.1 billion in AI era

World's largest company Nvidia reported strong results for its third quarter (ended October 27) at $35.1 billion, up 17 per cent from the previous quarter and up 94 per cent from a year ago.

Nov 21, 2024

Delhi's Khan Market ranked as 22nd most expensive market globally

Delhi's Khan Market ranked as 22nd most expensive high street globally

Delhi's Khan Market has been ranked as 22nd most expensive main street globally, retaining its position and continuing to be India's most expensive high street, registering a 7 per cent (year-on-year) rental growth.

Nov 21, 2024

Sensex ends 422 points down, Nifty below 23,350 over weak global sentiment

Indian equity indices closed in the red on Thursday as sentiment around the globe was weakened due to rising tensions between Russia and Ukraine.

Nov 21, 2024

EPFO adds 18.8 lakh members in September as employment rises

The Employees' Provident Fund Organisation (EPFO) has registered a net addition of 18.81 lakh members during September this year which represents a 9.33 per cent growth compared to the same month last year

Nov 21, 2024

Stock Market Down, Bear Market, Bearish, Sensex Down

Stock market opens in red amid rising Russia-Ukraine tensions

The Indian stock market opened in red on Thursday amid rising Russia-Ukraine war tensions. Heavy selling was seen in the PSU bank sector in early trade and Nifty PSU Bank was down by more than 4 per cent.

Nov 21, 2024

Optiemus begins telecom equipment manufacturing with Tejas Networks

Industry hails SC granting telcos right to claim tax credits on infra duties

Industry players on Wednesday welcomed the Supreme Court's ruling in favour of telecom companies, which affirmed their entitlement to claim credit for duties paid on parts such as tower components and green shelters.

Nov 20, 2024

Housing sales stabilise in top Indian cities, festive quarter to see uptick in demand

Average Home Price in India's Top 7 Cities Hits ₹1.23 Crore, a 23% Increase

As disposable income and private consumption surge, the average price of homes sold in top seven cities was Rs 1.23 crore in the first six months this fiscal, against Rs 1 crore in the corresponding period of FY24, an increase of 23 per cent (year-on-year)

Nov 20, 2024

India's Insurtech Industry Achieves 12X Revenue Growth Over Five Years

India's insurtech sector has delivered 12 times revenue growth over the last 5 years, with cumulative funding surpassing $2.5 billion and ecosystem valuation over $13.6 billion, a report showed on Wednesday.

Nov 20, 2024

India sees 40 pc rise in PE/VC investment at $4.7 billion in Oct

India Reports 40% Surge in PE and VC Investments, Reaching $4.7 Billion in October

India saw private equity/venture capitalist investments worth $4.7 billion across 91 deals in October, a 40 per cent increase from September, a report showed on Wednesday.

Nov 20, 2024

On World Fisheries Day, new schemes to be launched to push growth

World Fisheries Day: New schemes lined up to be launched tomorrow

The Centre's Department of Fisheries will celebrate World Fisheries Day (WFD) on Thursday, recognising the role and contribution of fisherfolk, and fish farmers in the overall growth of the sector, and demonstrating solidarity with all stakeholders throughout the world

Nov 20, 2024

Third Wave Coffee's net losses grow over 2 times to Rs 110 crore in FY24

Specialty coffee chain Third Wave Coffee saw its net losses grow more than two times (year-on-year) to Rs 110 crore last fiscal (FY24).

Nov 19, 2024

Adani Enterprises to launch maiden Rs 800 crore retail bond issue on September 4

Adani Airport Holdings likely to list in next 2-3 years: Report

The initial public offering (IPO) of Adani Airport Holdings Limited (AAHL), the airport unit of the diversified Adani Group, is likely to go for its public debut in the next two to three years.

Nov 19, 2024

Indian stock market turns topsy-turvy amid fresh Russia-Ukraine tension

The Indian stock market, which saw a super rally on Tuesday, lost the steam towards the end amid heavy profit-booking, as fresh tensions between Ukraine and Russia came to light.

Nov 19, 2024

Direct tax collections poised to surpass budget target for 2024-25

The Income Tax Department expects to surpass the direct tax collection target of Rs 22.07 lakh crore fixed in the Union Budget for the current financial year, according to Central Board of Direct Taxes (CBDT) chairman Ravi Agarwal.

Nov 19, 2024

The Rock, the largest white diamond ever to appear at auction.

Centre to soon release framework for consumer protection in diamond industry

The government on Tuesday said it will soon release a robust framework to ensure transparency, accountability and consumer protection across the diamond industry.

Nov 19, 2024

Investors lose Rs 38,000 crore as Ola Electric's stock continues to slide

Investors lose Rs 38,000 crore as Ola Electric's stock dovetails unabated

As the shares of Bhavish Aggarwal-led Ola Electric continue to slide, a massive Rs 38,000 crore worth of investors' money has been eroded in the company's stock in just a couple of months.

Nov 19, 2024

Satya S Tripathi joins cleantech firm Attero's Board of Directors

Satya S Tripathi joins E-waste recycler Attero's Board of Directors

E-waste recycler and world's best lithium-ion battery recycling company Attero on Tuesday said that Satya S Tripathi has joined as an Independent Member of its Board of Directors.

Nov 19, 2024

Millennials driving the real estate growth story in India.

Hyderabad among 6 fastest-growing cities due to surge in realty demand

Among six leading Indian cities, Hyderabad stands out as the fastest-growing one driven by robust infrastructure development and surging real estate demand, a report showed on Tuesday.

Nov 19, 2024

Swiggy losing lead in market: MOFSL Report; Assigns 'Neutral' rating

Despite being an innovator and a category inventor across both food delivery and quick commerce, Swiggy has let its leadership slip away, Motilal Oswal Financial Services Ltd (MOFSL) said on Tuesday, as it initiated coverage with a 'Neutral' rating on the stock.

Nov 19, 2024

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Articles by IBT Business Desk

Sensex Soars 459 Points As Indian Stock Market Opens On A Positive Note

Nvidia reports strong revenue growth at $35.1 billion in AI era

Delhi's Khan Market ranked as 22nd most expensive high street globally

Sensex ends 422 points down, Nifty below 23,350 over weak global sentiment

EPFO adds 18.8 lakh members in September as employment rises

Stock market opens in red amid rising Russia-Ukraine tensions

Industry hails SC granting telcos right to claim tax credits on infra duties

Average Home Price in India's Top 7 Cities Hits ₹1.23 Crore, a 23% Increase

India's Insurtech Industry Achieves 12X Revenue Growth Over Five Years

India Reports 40% Surge in PE and VC Investments, Reaching $4.7 Billion in October

World Fisheries Day: New schemes lined up to be launched tomorrow

Third Wave Coffee's net losses grow over 2 times to Rs 110 crore in FY24

Adani Airport Holdings likely to list in next 2-3 years: Report

Indian stock market turns topsy-turvy amid fresh Russia-Ukraine tension

Direct tax collections poised to surpass budget target for 2024-25

Centre to soon release framework for consumer protection in diamond industry

Investors lose Rs 38,000 crore as Ola Electric's stock dovetails unabated

Satya S Tripathi joins E-waste recycler Attero's Board of Directors

Hyderabad among 6 fastest-growing cities due to surge in realty demand

Swiggy losing lead in market: MOFSL Report; Assigns 'Neutral' rating

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'