IBT Business Desk

Articles by IBT Business Desk

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India set to redefine global trade at 6.4 pc CAGR over next decade: Report

India is poised to redefine its role in global trade, with a projected compound annual growth rate (CAGR) of 6.4 per cent in trade over the next decade, roughly in line with its high GDP growth, according to a report on Monday.

Jan 13, 2025

Sensex and Nifty plunge over 1 per cent amid mixed cues, realty shares drag

Indian stock market fell more than 1 per cent on Monday amid mixed global and local cues, including strong US employment data suggesting fewer rate cuts in 2025.

Jan 13, 2025

WeWork India clocks nearly Rs 131 crore loss in FY24, expenses up by 19 pc

Flexible co-working space provider WeWork India suffered a loss of about Rs 130.8 crore in FY24, down from Rs 144.5 crore in FY23.

Jan 13, 2025

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

Home sales priced above Rs 1 crore up 80 pc in NCR, Rs 2-5 crore properties up 38 pc

Amid sustained demand for spacious homes with state-of-the-art amenities, the National Capital Region (NCR) saw properties priced Rs 1 crore and above accounting for 80 per cent of the total residential units sold in 2024.

Jan 13, 2025

Airport commissions second solar power plant.

India's green energy capacity records 16 pc rise to 209 GW in 2024

India's total renewable energy installed capacity recorded a robust double-digit growth of 15.84 per cent to touch 209.44 GW, as of December 2024, from 180.80 GW in December 2023, according to a statement issued by the Union Ministry of New and Renewable Energy (MNRE)

Jan 13, 2025

2024 becomes year of Apple in India amid premiumisation, PLI push, retail expansion

Apple clocks Rs 1 lakh crore worth iPhone exports from India in 2024: Industry

Riding on the government's production-linked incentive (PLI) scheme and rising premiumisation trend, Apple has reached Rs 1 lakh crore in iPhone exports from India in the calendar year 2024.

Jan 13, 2025

Zomato, Swiggy hike platform fee to Rs 6 per order

Top industry associations slam Zomato, Swiggy over private label food delivery

The Federation of Hotel and Restaurant Associations of India (FHRAI) and the National Restaurant Association of India (NRAI) have reiterated serious concerns over online food aggregators Zomato and Swiggy's recent move to enter the private label food delivery business.

Jan 13, 2025

Growth picks up in Q3 FY25, medium-term opportunities for India intact

Indian economy growing steadily, budget and Trump 2.0 hold key to market returns

With food inflation having peaked out and the government trying to accelerate capex spending, the Indian economy is growing steadily and upcoming Union Budget and Donald Trump 2.0 hold key to market returns,

Jan 13, 2025

India's private sector growth surges to 4-month high in Dec: Report

Foreign capital inflows return in Dec, RBI's easing cycle likely to begin in Feb

The conditions are turning favourable for rate cuts in India and the Reserve Bank of India's (RBI) easing cycle is likely to begin from February.

Jan 13, 2025

Share market crashes, Sensex tanks over 1,000 pts

Indian stock market opens lower, Nifty down to 23,300

The Indian stock market opened in red on Monday amid weak global cues as selling was seen in the realty, metal, FMCG, PSU bank and auto sectors.

Jan 13, 2025

Adani Group commits Rs 60,000 crore investment plan to enhance Chhattisgarh's power generation

The Adani Group has announced a planned investment of Rs 60,000 crore to expand the group's power plants in Raipur, Korba, and Raigarh in Chhattisgarh.

Jan 12, 2025

Market cap of top 50 APAC firms hits record $8.1 trillion in 2024, India third

Led by technology companies, the total market capitalisation of top 50 firms in the Asia-Pacific (APAC) region surged to $8.1 trillion in 2024, reflecting a 20.6 per cent year-on-year increase, according to a new report.

Jan 12, 2025

Stable political scenario, favourable policy, infra push to drive Indian economy in 2025

India's economic growth expected to accelerate in 2nd half of 2024-25: Report

The Indian economy is expected to pick up growth momentum in the second half of the current financial year with high-frequency indicators such as digital payments, power demand, service PMI, air passenger traffic, rising toll and GST collections suggesting a recovery is already underway, according to a Bank of Baroda report released on Saturday.

Jan 11, 2025

Sensex and Nifty down 1 pc in early trade amid heavy selling

Stock Market Closure: Week's trading ends far lower despite IT sector shining

India's domestic benchmark indices closed lower on Friday as the IT sector closed in the green after a gain of 3.44 per cent.

Jan 11, 2025

Cong amended Constitution to protect those in power: FM Sitharaman in RS

Union Budget falls on Saturday this year, stock exchanges to remain open

As the preparations for the Union Budget 2025-26, which generally comes on February 1, are in full swing, all eyes are now on the official confirmation from the government about presenting the budget over the weekend this year.

Jan 10, 2025

India largest healthcare private equity market in 2024 in Asia Pacific: Report

India emerged as the largest healthcare private equity (PE) market in 2024 by volume in the Asia Pacific region, accounting for 26 per cent of the region's total deal volume.

Jan 10, 2025

Adani Enterprises' share jumps nearly 5 pc, Adani Ports among top gainers

Adani Group raises Rs 4,850 crore after selling 13.5 pc stake in Adani Wilmar

The Adani Group on Friday raised about Rs 4,850 crore after selling 13.5 per cent of its stake in Adani Wilmar. The conglomerate last month announced its exit from Adani Wilmar by selling the bulk of its stake to a joint venture partner.

Jan 10, 2025

SC stays GST show-cause notices to online gaming sector in temporary relief

The Supreme Court on Friday stayed the Goods and Services Tax (GST) show-cause notices, issued to several online gaming companies to the tune of Rs 1.12 lakh crore, providing temporary relief to the sector.

Jan 10, 2025

India to continue as fastest-growing major economy globally: Report

India will continue to stand out as the fastest-growing major economy globally in the coming years with growth momentum to improve in 2025 as government spending is picking up again and consumer sentiment stays resilient, according to a Franklin Templeton report.

Jan 10, 2025

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

Indian stock market opens flat, TCS stock up nearly 4% after strong result

The Indian stock market opened flat on Friday as buying was seen in the IT sector after strong Q3 results of Tata Consultancy Services (TCS), which saw its stock jumping 3.7 per cent at Rs 4,186 apiece in early trade.

Jan 10, 2025

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Articles by IBT Business Desk

India set to redefine global trade at 6.4 pc CAGR over next decade: Report

Sensex and Nifty plunge over 1 per cent amid mixed cues, realty shares drag

WeWork India clocks nearly Rs 131 crore loss in FY24, expenses up by 19 pc

Home sales priced above Rs 1 crore up 80 pc in NCR, Rs 2-5 crore properties up 38 pc

India's green energy capacity records 16 pc rise to 209 GW in 2024

Apple clocks Rs 1 lakh crore worth iPhone exports from India in 2024: Industry

Top industry associations slam Zomato, Swiggy over private label food delivery

Indian economy growing steadily, budget and Trump 2.0 hold key to market returns

Foreign capital inflows return in Dec, RBI's easing cycle likely to begin in Feb

Indian stock market opens lower, Nifty down to 23,300

Adani Group commits Rs 60,000 crore investment plan to enhance Chhattisgarh's power generation

Market cap of top 50 APAC firms hits record $8.1 trillion in 2024, India third

India's economic growth expected to accelerate in 2nd half of 2024-25: Report

Stock Market Closure: Week's trading ends far lower despite IT sector shining

Union Budget falls on Saturday this year, stock exchanges to remain open

India largest healthcare private equity market in 2024 in Asia Pacific: Report

Adani Group raises Rs 4,850 crore after selling 13.5 pc stake in Adani Wilmar

SC stays GST show-cause notices to online gaming sector in temporary relief

India to continue as fastest-growing major economy globally: Report

Indian stock market opens flat, TCS stock up nearly 4% after strong result

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'