IBT Business Desk

Articles by IBT Business Desk

Email : editor@ibtimes.co.in

Sensex, Nifty end flat as markets turn to consolidation phase

The Indian benchmark indices ended flat on Monday as the stock markets turned to a consolidation phase due to the absence of major triggers to support the current premium valuation in the near term, prompting investors to book some profits.

Jul 8, 2024

Union Budget: Infra push, structural reforms for sustainable growth key industry wish-list

With the government set to present the Union Budget 2024-25 on July 23, industry leaders and experts have reiterated the importance of structural reforms to drive sustainable and inclusive economic growth, especially the critical role of infrastructure development towards India becoming the third largest economy.

Jul 8, 2024

India electricity generation jumps by 15% for May amid scorching heat wave

India's electricity production went up by a robust 15.06 per cent to 167.55 billion units in May this year compared to 145.61 billion in the same month last year, as demand surged amid the scorching heat wave, according to the monthly report of Central Electricity Authority.

Jul 6, 2024

Ola exits Google Maps, develops in-house Ola Maps

India's major ride-hailing company Ola has exited Google Maps and has shifted to its own Ola Maps for cab operations.

Jul 6, 2024

Mobile tariff hike: Centre responds, says market's demand and supply decide it

The government has responded to misleading claims regarding recent mobile services tariff hike, saying with three private and one public sector players, the current mobile services market operates through the market forces of demand and supply.

Jul 6, 2024

Centre announces Rs 200 crore scheme for green hydrogen testing infra

The government on Thursday announced a Rs 200 crore scheme for funding testing facilities, infrastructure, and institutional support for the development of standards and regulatory frameworks under the National Green Hydrogen Mission.

Jul 4, 2024

Global survey ranks India among top three most optimistic nations

A new global survey has ranked India among the top three most optimistic nations, along with Singapore and Indonesia, based on the economic outlook of the people interviewed across various countries.

Jul 4, 2024

Zomato ESOP plan: 25% voted against it but gets shareholders' nod finally

Online food delivery platform Zomato has received shareholders' nod to establish a new employee stock option pool (ESOP) of 18.2 crore shares, with 75 per cent of investors voting in favour and 25 per cent against it, the company said in an exchange filing.

Jul 2, 2024

SEBI issues show-cause notice to Hindenburg, Nathan Anderson over Adani report

The Securities and Exchange Board of India (SEBI) has issued a show-cause notice to Hindenburg Research, Nathan Anderson and the entities of Mauritius-based foreign portfolio investor (FPI) Mark Kingdon for trading violations in the scrip of Adani Enterprises Ltd, leading up to Hindenburg report and thereafter.

Jul 2, 2024

CBDT meets officials to dispel doubts on faceless tax assessment.

GST collection jumps 7.7 pc in June to Rs 1.74 lakh crore

India's gross GST collection rose to Rs 1.74 lakh crore in June this year which represents a 7.7 per cent increase over the same month last year, according to sources.

Jul 2, 2024

India's manufacturing activity surges in June, hiring at 19-year high

India's manufacturing activity picked up momentum in June on the back of rising consumer demand leading to the fastest rate of hiring in 19 years, according to HSBC's final India Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global.

Jul 1, 2024

Sensex jumps more than 1,000 points on impressive GDP numbers (Ld)

Sensex at 79,484, up 451 points, Nifty at 24,143, up 132 points on positive global cues

Sensex was up 451.39 points or 0.57 percent at 79,484.12, and the Nifty was up 132.60 points or 0.55 percent at 24,143.20.

Jul 1, 2024

Market This Week: PMI data, budget and auto sales to be key triggers

Indian equity indices closed with gains last week despite mixed cues from global peers. Frontline indices both Sensex and Nifty posted gains of more than 2 per cent making their fourth consecutive week of growth.

Jun 30, 2024

India is now world's 3rd largest domestic aviation market, next to US, China

India has now become the world's third-largest domestic aviation market after the U.S. and China, as airlines such as IndiGo and Air India have expanded their fleet size to cater to the surge in air passengers, according to data compiled by aviation analytics firm OAG.

Jun 28, 2024

Sensex closes on flat note, Nifty holds 22,500 level

Indian equity benchmarks closed on a flat note on Tuesday following sideways trading in the market.

May 21, 2024

"Stop charging extra interest on loans"; RBI cracks down on banks amid unfair practices

The Reserve Bank of India (RBI) on Monday directed banks and NBFCs to immediately review their practices to ensure that they are fair and transparent in the interest they charge customers as several instances have been detected where excessive interest has been charged on loans.

Apr 29, 2024

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Articles by IBT Business Desk

Sensex, Nifty end flat as markets turn to consolidation phase

Union Budget: Infra push, structural reforms for sustainable growth key industry wish-list

India electricity generation jumps by 15% for May amid scorching heat wave

Ola exits Google Maps, develops in-house Ola Maps

Mobile tariff hike: Centre responds, says market's demand and supply decide it

Centre announces Rs 200 crore scheme for green hydrogen testing infra

Global survey ranks India among top three most optimistic nations

Zomato ESOP plan: 25% voted against it but gets shareholders' nod finally

SEBI issues show-cause notice to Hindenburg, Nathan Anderson over Adani report

GST collection jumps 7.7 pc in June to Rs 1.74 lakh crore

India's manufacturing activity surges in June, hiring at 19-year high

Sensex at 79,484, up 451 points, Nifty at 24,143, up 132 points on positive global cues

Market This Week: PMI data, budget and auto sales to be key triggers

India is now world's 3rd largest domestic aviation market, next to US, China

Sensex closes on flat note, Nifty holds 22,500 level

"Stop charging extra interest on loans"; RBI cracks down on banks amid unfair practices

Unilever to spin off ice cream business, eliminate 7,500 jobs [details]

ITC gross revenue at Rs 17,483 cr for Q3 represents 2.1% YoY growth

Nifty records biggest single-day gain since Dec 4: RIL, ONGC biggest gainers [details]

What does Omidyar Network's surprise exit mean for India's investment landscape

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'