IBT Business Desk

Articles by IBT Business Desk

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Wipro's net income grows 21 pc YoY in Q2, announces 1:1 bonus share

IT major Wipro on Thursday reported net income in the July-September period (Q2 FY25) at Rs 3,209 crore -- a 6.8 per cent quarterly growth and 21.3 per cent annual growth.

Oct 17, 2024

Infosys stock falls as company disputes Rs 32,000 crore GST notice

IT major Infosys posts 4.7 pc increase in Q2 net profit at Rs 6,506 crore

IT major Infosys on Thursday reported a 4.7 per cent increase in net profit (year-on-year) in the July-September period (Q2 FY25) to Rs 6,506 crore from Rs 6,212 crore in the year-ago quarter.

Oct 17, 2024

India's readymade garment exports surge despite global headwinds: AEPC

India's readymade garment exports surge despite inflationary pressure: AEPC

India's readymade garment (RMG) exports recorded high growth of 17.3 per cent despite global headwinds and continued inflationary pressure, the Apparel Export Promotion Council (AEPC).

Oct 17, 2024

Customers wearing face masks shop at a store of Lynden Park Mall in Brantford, Ontario, Canada, on June 12, 2020. The province of Ontario allowed most regions outside the Toronto and Hamilton areas to reopen more businesses on Friday during the COVID-19 o

Fashion, electronics drive festive season's sales, consumption on rise

As India kicked off online festive season sales, affordable fashion and premium electronics emerged as the top-performing categories, as private consumption surged especially in the rural parts of the country,

Oct 17, 2024

Sensex plunges 318 pts, Infosys and JSW Steel top losers

The Indian benchmark indices closed in the red on Wednesday as auto, IT, and PSU banks remained under pressure.

Oct 16, 2024

IPO market buzz continues next week with 3 new public issues

Indian markets end in red, auto and IT stocks under pressure

The Indian benchmark indices closed in the red on Tuesday, as auto, IT, and PSU banks remained under pressure.

Oct 15, 2024

spicejet q2 results share price gains revenue profit india good bad dgca domestic air traffic worst civil aviation fastest capa plf otp rivals indigo

Embattled SpiceJet settles $23.39 mn dispute amid fresh insolvency case

Embattled airline SpiceJet on Tuesday said it has settled a $23.39 million dispute with Aircastle (Ireland) Designated Activity Company and Wilmington Trust SP Services (Dublin) Ltd for an aggregate sum of $5 million, as it faces a new insolvency case amid some still remain unresolved.

Oct 15, 2024

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

India Sees Record Sale of 2.25 Lakh Housing Units in Jan-Sep, Equity Investments on the Rise

The Indian housing market saw over 225,000 units being sold during the first nine months of the year, demonstrating strong performance in absolute terms.

Oct 15, 2024

Bengaluru Airport City holds groundbreaking ceremony for 2 million sq ft business park

The Bengaluru Airport City Limited (BACL), a subsidiary of Bengaluru Airport City Limited (BACL), broke ground on Monday for its ambitious 2 million square feet Business Park, aimed at establishing Bengaluru as a global hub for Global Capability Centres (GCCs).

Oct 14, 2024

Enrollment for PM Internship Scheme kicks-off, youth to get Rs 5,000 per month

Over 1.55 lakh candidates sign up for PM Internship Scheme in just 24 hours

More than 1.55 lakh candidates have signed up for the newly launched PM Internship Scheme in just 24 hours, according to reports citing government sources.

Oct 14, 2024

Seven companies marketcap decreases by over Rs 1 lakh crore

Total market capitalisation of seven out of 10 companies has reduced by Rs 1,22,107 crore in the last week, with TCS and RIL losing the most.

Oct 13, 2024

USISPF's 'India Leadership Summit 2024' to deepen economic, tech ties

In a bid to enhance bilateral trade, supply chains, semiconductor investment, AI and next-gen technologies, the US-India Strategic Partnership Forum (USISPF) is set to host its annual 'India Leadership Summit 2024' in the national capital on Monday (October 14).

Oct 13, 2024

EXIM Bank sees India's goods export surging to $111.7 billion in Q2

Over 30 countries to explore $117 billion untapped export potential for India

Highlighting the $117 billion untapped export potential for India, more than 30 countries are set to participate in the fifth edition of 'World Trade Expo' in the financial capital from October 17-18.

Oct 13, 2024

crude oil, UAE-based Indian national sanctioned by US for smuggling Iranian oil.

Middle East tensions, high crude oil prices bring rupee to 84-mark against dollar

With elevated crude oil prices amid global geo-political situations, the rupee on Friday breached the 84-mark against the US dollar for the first time.

Oct 11, 2024

Festive sales on Indian e-commerce platforms cross Rs 54,000 crore in 1st week

Online e-commerce platforms in the country saw sales worth over Rs 54,500 crore in the first week of the festive season, about 55 per cent of total sales projected during the next month.

Oct 11, 2024

Demat accounts rise to 171 million in August, up 4 million

Demat accounts surge to 175 mn in India, NSE active clients climb to 47.9 mn

As Indian stock markets continue to outperform its global peers, the number of demat accounts increased to 175 million in the month of September, from 171 million in August.

Oct 11, 2024

'The clock has stopped ticking': Ratan Tata passes away at 86; PM Modi, Anand Mahindra, Harsh Goneka pay heartfelt tributes

Ratan Tata Positioned Brand India in the Global Economy: Industry Leaders

Leading industry chambers on Thursday remembered Ratan Tata as a leader, nation builder, philanthropist, a global entrepreneur and much more.

Oct 10, 2024

India's Top 100 Tycoons Cross $1 Trillion, Gautam Adani Ranked 2nd: Forbes Report

The collective wealth of India's 100 richest tycoons surpassed the trillion dollar milestone for the first time as more than 80 per cent of the country's richest tycoons are now wealthier than they were a year ago, a Forbes report showed.

Oct 10, 2024

Elect BJP govt to protect 'Roti, Beti, Maati, PM Modi urges people of Jharkhand

Vote for MahaYuti to make Maha stronger, foil MVA's plan to weaken state, says PM Modi

A day after the BJP's stellar performance in the Haryana Assembly election, Prime Minister Narendra Modi on Wednesday appealed to the people of Maharashtra to elect the MahaYuti government again in the upcoming Assembly election to continue the development process.

Oct 9, 2024

Shaktikanta Das 25th governor of the Reserve Bank of India (RBI)

Retail Inflation for FY25 projected at 4.5 pc, food inflation to drop later in year: RBI Governor

Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday said that retail inflation for the current fiscal (FY25) is projected at 4.5 per cent due to healthy monsoon and sound supply conditions.

Oct 9, 2024

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Articles by IBT Business Desk

Wipro's net income grows 21 pc YoY in Q2, announces 1:1 bonus share

IT major Infosys posts 4.7 pc increase in Q2 net profit at Rs 6,506 crore

India's readymade garment exports surge despite inflationary pressure: AEPC

Fashion, electronics drive festive season's sales, consumption on rise

Sensex plunges 318 pts, Infosys and JSW Steel top losers

Indian markets end in red, auto and IT stocks under pressure

Embattled SpiceJet settles $23.39 mn dispute amid fresh insolvency case

India Sees Record Sale of 2.25 Lakh Housing Units in Jan-Sep, Equity Investments on the Rise

Bengaluru Airport City holds groundbreaking ceremony for 2 million sq ft business park

Over 1.55 lakh candidates sign up for PM Internship Scheme in just 24 hours

Seven companies marketcap decreases by over Rs 1 lakh crore

USISPF's 'India Leadership Summit 2024' to deepen economic, tech ties

Over 30 countries to explore $117 billion untapped export potential for India

Middle East tensions, high crude oil prices bring rupee to 84-mark against dollar

Festive sales on Indian e-commerce platforms cross Rs 54,000 crore in 1st week

Demat accounts surge to 175 mn in India, NSE active clients climb to 47.9 mn

Ratan Tata Positioned Brand India in the Global Economy: Industry Leaders

India's Top 100 Tycoons Cross $1 Trillion, Gautam Adani Ranked 2nd: Forbes Report

Vote for MahaYuti to make Maha stronger, foil MVA's plan to weaken state, says PM Modi

Retail Inflation for FY25 projected at 4.5 pc, food inflation to drop later in year: RBI Governor

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'