IBT Business Desk

Articles by IBT Business Desk

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TRAI releases consultation paper on framework for service authorisations

The Telecom Regulatory Authority of India (TRAI) on Wednesday released a consultation paper on the framework for service authorisations for provision of broadcasting services under the Telecommunications Act, 2023.

Oct 30, 2024

E-commerce platform Meesho clocks Rs 53 crore loss in FY24

E-commerce platform Meesho on Wednesday reported a Rs 53 crore loss for FY 2023-24, while narrowing down the figure by 97 per cent from Rs 1,569 crore in FY 2022-23.

Oct 30, 2024

Sensex closes 151 points down, Reliance and Tata Motors top losers

Sensex closes down by 426 points, banking stocks top losers

Indian equity indices snapped a two-day gaining streak and ended in the red on Wednesday as selling was seen in the large-cap stocks like Infosys, ICICI Bank, Kotak Mahindra Bank, M&M, SBI, and HCL Tech.

Oct 30, 2024

National Stock Exchange crosses 20 crore client accounts

The National Stock Exchange of India (NSE) on Wednesday announced that total number of client accounts at the exchange have surpassed 20 crore, from 16.9 crore eight months ago.

Oct 30, 2024

India gold reserves up 60 pc with 102 tonnes in April-Sept period: RBI data

As gold prices continue to surge amid geo-political tensions, the Reserve Bank of India (RBI) had 854.73 metric tonnes of gold as of September 30 and out of which, 510.46 metric tonnes were held domestically.

Oct 30, 2024

Optiemus begins telecom equipment manufacturing with Tejas Networks

Broadband sector to drive telecom industry growth, create new jobs: Report

The rising demand for high-speed internet and data-driven services will boost growth in the broadband market, which is expected to witness a 9-10 per cent Compound Annual Growth Rate (CAGR) over the next few years.

Oct 29, 2024

Sensex climbs 240 points, Nifty up 72 points in early trade

Sensex rises on 2nd consecutive day, SBI and ICICI Bank top gainers

India's equity market closed in the green on Tuesday as heavyweights like ICICI Bank and SBI led the gains.

Oct 29, 2024

India sees all-time high deal numbers in real estate sector in July-Sep

Indian real estate sector raises Rs 13,500 crore via IPOs in 2024 to date

The real estate sector in India raised nearly Rs 13,500 crore via initial public offerings (IPOs) from the markets this year to date, almost double the amount raised in 2023, according to a report on Tuesday.

Oct 29, 2024

Ola Electric's share nosedives further, analysts warn investors to remain cautious IANS IANS

Ola Electric shares hit all-time low; dip below IPO price

EV two-wheeler company Ola Electric shares were trading in the deep red on Tuesday as the stock slipped below the issue price of Rs 76 for the first time in its listing history.

Oct 29, 2024

Adani Ports to develop berth at Gujarat's Kandla Port for multi-purpose cargo

Adani Ports clocks 42 pc surge in net profit at Rs 5,520 crore in H1 FY25

Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday reported 42 per cent surge in net profit at Rs 5,520 crore in the first half this fiscal (H1 FY25), compared to Rs 3,881 crore in the same period last fiscal (H1 FY24).

Oct 29, 2024

India outpaces US in IPO listing with 36 pc global share in July-Sep period

India outpaces US in IPO listing with 36% global share in July-Sep period

India dominated the global IPO landscape with 36 per cent share of total listings in the third quarter of 2024, outpacing the US at 13 per cent share, a report showed on Tuesday.

Oct 29, 2024

Sensex closes flat, ICICI Bank and Bajaj Finserv top gainers

Sensex snaps five-day losing streak, Nifty closes above 24,300

Indian stock markets experienced a significant rebound in Monday's market, with the Sensex surging by 602 points, closing at 80,005, and the Nifty climbing 158 points to settle at 24,339. The benchmark indices recorded the best session in one month.

Oct 28, 2024

Ambuja Cements clocks highest quarterly revenue of Rs 7,516 crore in Q2

Ambuja Cements, the cement and building material company of the diversified Adani Group, on Monday, reported the highest quarterly revenue of Rs 7,516 crore in Q2 FY25, up 1 per cent (year-on-year).

Oct 28, 2024

Price hike on festive items hits Deepavali sales in Chennai

Despite a surge in footfall at shopping malls and discount shops for the festive season, shopkeepers report a decline in sales volume across various stores in Chennai.

Oct 28, 2024

Indexation removal on real estate won't hike tax burden, has limited impact

Real estate developers raise Rs 12,801 crore via QIP route this year

Real estate developers in India raised Rs 12,801 crore via qualified institutional placements (QIPs) in the first nine months this year, which is over 17 per cent of the total QIP issuance across sectors at Rs 75,923 crore

Oct 28, 2024

PM Modi to inaugurate India's first private military aircraft plant in Gujarat tomorrow

Prime Minister Narendra Modi, along with his Spanish counterpart Pedro Sanchez, will inaugurate the Tata Advanced Systems Ltd's (TASL) Tata Aircraft Complex, which will produce the C-295 military tactical transport aircraft, in Gujarat's Vadodara.

Oct 27, 2024

Adani Power's bid for KSK Mahanadi Power forces other bidders to raise offers

Adani Power submits bid for KSK Mahanadi Power, forces competitors to revise bids

After Adani Power, which submitted a bid of Rs 12,500 crore for the acquisition of the KSK Mahanadi Power plant in Chhattisgarh, other bidders have revised their offers upwards and the final number could be much higher, according to reports.

Oct 26, 2024

Centre joins HCLSoftware to boost startup manufacturing ecosystem

Centre and HCL Software join to boost startup manufacturing ecosystem

In a bid to transform the startup manufacturing ecosystem, the government has formed a strategic partnership with HCLSoftware, a global leader in software solutions.

Oct 26, 2024

India sees 74 pc drop in income disparity since AY15, direct tax collection highest in 14 years

India sees 74% drop in income disparity since AY15, direct tax collection highest in 14 years

There has been a cumulative 74.2 per cent decline in income disparity coverage for those earning up to Rs 5 lakh in India, showing that the continuous efforts of government are reaching the bottom of pyramid, leading to increase in income of 'lower income group' people, a new report has revealed.

Oct 26, 2024

Sensex trades lower amid weak global cues

Sensex recovers day's losses partially, sheds 662 points amid persistent FII outflow

The Indian stock market closed with a big decline on Friday, as heavy selling was seen in all sectors, except pharma and FMCG.

Oct 25, 2024

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Articles by IBT Business Desk

TRAI releases consultation paper on framework for service authorisations

E-commerce platform Meesho clocks Rs 53 crore loss in FY24

Sensex closes down by 426 points, banking stocks top losers

National Stock Exchange crosses 20 crore client accounts

India gold reserves up 60 pc with 102 tonnes in April-Sept period: RBI data

Broadband sector to drive telecom industry growth, create new jobs: Report

Sensex rises on 2nd consecutive day, SBI and ICICI Bank top gainers

Indian real estate sector raises Rs 13,500 crore via IPOs in 2024 to date

Ola Electric shares hit all-time low; dip below IPO price

Adani Ports clocks 42 pc surge in net profit at Rs 5,520 crore in H1 FY25

India outpaces US in IPO listing with 36% global share in July-Sep period

Sensex snaps five-day losing streak, Nifty closes above 24,300

Ambuja Cements clocks highest quarterly revenue of Rs 7,516 crore in Q2

Price hike on festive items hits Deepavali sales in Chennai

Real estate developers raise Rs 12,801 crore via QIP route this year

PM Modi to inaugurate India's first private military aircraft plant in Gujarat tomorrow

Adani Power submits bid for KSK Mahanadi Power, forces competitors to revise bids

Centre and HCL Software join to boost startup manufacturing ecosystem

India sees 74% drop in income disparity since AY15, direct tax collection highest in 14 years

Sensex recovers day's losses partially, sheds 662 points amid persistent FII outflow

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'