IBT Business Desk

Articles by IBT Business Desk

Email : editor@ibtimes.co.in

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

Nvidia surpasses Apple to become world's largest company in AI era

Graphics chip giant Nvidia has become the world's largest company by market capitalisation, surpassing Apple, in the artificial intelligence (AI) era.

Nov 6, 2024

Ola Electric's share hits all-time low of Rs 74 ahead of Q2 results

Bhavish Aggarwal-run Ola Electric Mobility saw its share nosedive further to a fresh low of Rs 74.18 apiece on Tuesday after touching Rs 73.84 during the intra-day trading -- losing almost 8.5 per cent in a day.

Nov 5, 2024

India's kharif foodgrain output projected at record 1,647 lakh tonnes for 2024-25

India's total kharif foodgrain production for 2024-25, as per the first advance estimates, is projected at a record 1,647.05 lakh metric tonnes .

Nov 5, 2024

Swiggy's high valuation, ongoing losses raise concerns about long-term sustainability: Angel One

Swiggy's Rs 11,327 crore initial public offering (IPO) faces several risks and challenges that potential investors should consider, leading online brokerage Angel One has said, adding that the company's high valuation, coupled with its ongoing losses, raises concerns about its long-term sustainability.

Nov 5, 2024

Sensex snaps 3-day losing streak on rebound in FMCG and Pvt Bank shares

Sensex gains 694 points ahead of US election

The Indian stock market closed in green on Tuesday as investors set their eyes on the closely contested US presidential election.

Nov 5, 2024

India's wedding season biz expected to surge 41 pc to Rs 6 lakh crore: CAIT

The upcoming wedding season in India which will extend from November 12 till December 16 is likely to generate business worth nearly Rs 6 lakh crore from 48 lakh weddings which constitutes a 41 per cent increase over the corresponding figure of Rs 4.25 lakh crore recorded for 35 lakh weddings last year, according to a study carried out by the Confederation of All India Traders (CAIT).

Nov 5, 2024

Power demand in India declines for 1st time in 15 months, hydro gains steam

Power demand grows marginally in India as generation reaches 152 billion units in Oct

Power demand is estimated to have marginally risen to 0.4 per cent (year-on-year) to 140 billion units (BUs) in October after two consecutive months of decline.

Nov 4, 2024

Sensex sheds over 900 points, all eyes on US election and Fed data

Sensex shed more than 900 points on Monday, as both Sensex and Nifty saw a decline of more than 1 per cent each, amid uncertainty over the results of the US presidential election and the Federal Reserve's monetary policy meeting this week.

Nov 4, 2024

India's fintech startups grow fivefold in last three years

Fintech firm Cashfree Payments' losses increase to Rs 135 cr in FY24

Fintech firm Cashfree Payments has reported Rs 135 crore loss in the financial year (FY24), compared to Rs 133 crore loss in FY23.

Nov 4, 2024

India hiring sees 11 pc surge in July, retail & telecom jobs lead

White-collar hiring in India up 10 pc in October, freshers' jobs up 6 pc

The white-collar hiring activity in India saw robust growth in October with a significant 10 per cent increase (year-on-year), with sectors like oil and gas, pharma/biotech, FMCG and IT emerging as primary drivers of this positive trend, according to a report on Monday.

Nov 4, 2024

India's goods exports to top countries record double-digit surge

India's diversified export basket driving overall growth

India's export basket has diversified over the last five years into high-value electronics, engineering goods and petroleum products, with the total value of the country's exports surging by close to 40 per cent -- from $314 billion in 2019-20 to $437 billion in the financial year ended on March 31, 2024.

Nov 4, 2024

Sensex crashes 1300 pts, Nifty at four-month low

The Indian stock market was trading deep in the red on Monday's mid-session as heavy selling was seen in the auto, metal, realty and energy stocks.

Nov 4, 2024

IPO market buzz continues next week with 3 new public issues

India's consumer spending on goods to grow 7 pc in next 5 years

India's consumer spending on goods is worth $1.29 trillion in 2024 and is expected to increase to 7.0 per cent in the next five years, according to a new report.

Nov 4, 2024

Strong investment, private consumption driving India's growth: UNCTAD

Indian economy is expected to record a growth of 6.8 per cent in 2024 and will clock an expansion of 6.3 per cent next year.

Nov 3, 2024

Facebook India's net profit up 43 pc to Rs 505 crore in FY24

Facebook India saw its profit surge by 43 per cent in the last fiscal (FY24), riding on digital advertising and support services offered to its parent company Meta in the US.

Nov 2, 2024

IMF sees India driving growth in Asia-Pacific region

India remains the world's fastest-growing economy with investment and private consumption driving growth, according to the IMF's latest Regional Economic Outlook for Asia-Pacific.

Nov 2, 2024

Now filter chats with customised lists on WhatsApp

Meta-owned WhatsApp on Thursday made it easier to organise messages filling up users' inbox, which will help them keep track of conversations with family members, work colleagues, college friends and more.

Nov 1, 2024

Investors' wealth surges by Rs 128 lakh cr in last Samvat 2080

As the Indian stock market ended Samvat year 2080, investors' wealth surged by a whopping Rs 128 lakh crore (about $1.5 trillion at current exchange rate) to Rs 453 lakh crore in just one year.

Nov 1, 2024

Stock market: Sensex, Nifty ends in red on Diwali, IT stocks bleed

The Indian stock market closed in the red on Diwali day as Sensex fell more than 500 points. There was heavy selling in the IT sector.

Oct 31, 2024

Stock Markets: Sensex, Nifty open flat on Diwali, L&T and Sun Pharma top losers

On the auspicious occasion of Diwali, the Indian stock market opened flat on Thursday as selling was seen in auto, IT, PSU bank and FMCG sectors in early trade.

Oct 31, 2024

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Articles by IBT Business Desk

Nvidia surpasses Apple to become world's largest company in AI era

Ola Electric's share hits all-time low of Rs 74 ahead of Q2 results

India's kharif foodgrain output projected at record 1,647 lakh tonnes for 2024-25

Swiggy's high valuation, ongoing losses raise concerns about long-term sustainability: Angel One

Sensex gains 694 points ahead of US election

India's wedding season biz expected to surge 41 pc to Rs 6 lakh crore: CAIT

Power demand grows marginally in India as generation reaches 152 billion units in Oct

Sensex sheds over 900 points, all eyes on US election and Fed data

Fintech firm Cashfree Payments' losses increase to Rs 135 cr in FY24

White-collar hiring in India up 10 pc in October, freshers' jobs up 6 pc

India's diversified export basket driving overall growth

Sensex crashes 1300 pts, Nifty at four-month low

India's consumer spending on goods to grow 7 pc in next 5 years

Strong investment, private consumption driving India's growth: UNCTAD

Facebook India's net profit up 43 pc to Rs 505 crore in FY24

IMF sees India driving growth in Asia-Pacific region

Now filter chats with customised lists on WhatsApp

Investors' wealth surges by Rs 128 lakh cr in last Samvat 2080

Stock market: Sensex, Nifty ends in red on Diwali, IT stocks bleed

Stock Markets: Sensex, Nifty open flat on Diwali, L&T and Sun Pharma top losers

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'