IBT Business Desk

Articles by IBT Business Desk

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Audi India sells 5,816 units in 2024, reaches 1 lakh milestone

German luxury carmaker Audi on Wednesday said it sold 5,816 units in India this year, along with clocking the sale of 1,927 retail units alone in the fourth quarter (Q4).

Jan 1, 2025

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

Indian stock market begins New Year on flat trajectory

The domestic benchmark indices opened flat on Wednesday as selling was seen in auto, PSU bank, financial service, pharma and metal sectors on Nifty.

Jan 1, 2025

Centre joins HCLSoftware to boost startup manufacturing ecosystem

Year Ender: Indian startups raise $12 billion, new-age firm joins Sensex for first time

The year 2024 has been historic for Indian startups as the government abolished the angel tax (a tax levied on investing in startups), which improved Indian startups' funding and enabled them to raise more than $12 billion.

Dec 31, 2024

CBDT extends deadline for revised ITR to January 15

The last date for filing an Income Tax Return (ITR) for the financial year 2023-24 was July 31, and for those who could not, the time was for filing a revised ITR with late fees was December 31, but now, the Central Board of Direct Taxes has extended this deadline to January 15.

Dec 31, 2024

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

After a resilient performance in 2024 amid geo-political headwinds, the Indian economy is poised to be supported by a stable political scenario, favourable policy environments, the effects of production-linked incentive (PLI) programmes, possibilities brought about by changes in the global supply chain and government emphasis on infrastructure spending.

Dec 31, 2024

Streamline taxation, bolster manufacturing in Union Budget: PHDCCI

A simplified tax structure can reduce compliance costs and increase disposable income while boosting consumer spending

Dec 30, 2024

Indian share market ends lower, Nifty below 23,700

The Indian stock market closed in the red on Monday as a spike in volatility amid foreign institutional investors' (FIIs) outflow and global cues affected investor sentiment.

Dec 30, 2024

Budget 2025-26: Assocham seeks further ease of doing biz, credit flow for MSMEs

In order to further empower micro, small and medium enterprises (MSMEs) and ensure ease of doing business, there is a need to establish integrated infrastructure townships and universities to promote skill development and entrepreneurship training as well as to foster growth within the sector.

Dec 30, 2024

Indian insurance sector sees 62pc surge in female salespersons in FY24: Report

India's insurance sector, traditionally dominated by men, has in FY24 witnessed a 62 per cent rise in active female Point of Salespersons (POSPs), compared to the previous year, according to a report on Monday.

Dec 30, 2024

India's defence production poised to clock 20 pc annual growth in FY 2024-29

On the back of robust government reforms and increasing private sector participation, India's defence sector production is set to grow at a compound annual growth rate (CAGR) of around 20 per cent during FY24-FY29.

Dec 30, 2024

Indian stock market set to ride on strong economic growth in 2025

The Indian benchmark indices in 2025 are set to ride on strong economic growth and government efforts to boost infrastructure and digital innovation, experts said on Monday.

Dec 30, 2024

Ola Electric's stock down 3 pc after fresh high-level exits

Ola Electric's stock down 3% after fresh high-level exits at the company

The share of Ola Electric fell around 3 per cent on Monday after some fresh high-level exits at the company, including its Chief Marketing Officer Anshul Khandelwal and Suvonil Chatterjee, Chief Technology and Product Officer.

Dec 30, 2024

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

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

The share of Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, jumped nearly 5 per cent in the morning trade on Monday.

Dec 30, 2024

Indian stock market opens lower, Nifty below 23,800

The Indian stock market opened lower on Monday as selling was seen in the auto, IT, PSU bank, financial service, FMCG, media, energy and metal sectors on Nifty in early trade.

Dec 30, 2024

Passengers to board flights at Navi Mumbai International Airport from May 2025: Officials

After the successful trial of the first commercial flight at Navi Mumbai International Airport (NMIA), airport officials called it a historic moment and said commercial operations will begin at the airport in May 2025.

Dec 29, 2024

Venture Capital investments in India surge to $16.8 bn in January-November: Report

Venture capital (VC) activity in India has witnessed significant growth from January to November 2024, with investments reaching $16.77 billion across 888 deals, according to the India Brand Equity Foundation (IBEF).

Dec 29, 2024

Sensex closes flat, ICICI Bank and Bajaj Finserv top gainers

Market Outlook: PMI, auto sales and global economic cues key triggers for next week

The market outlook for next week will be guided by the major domestic and global economic data such as India's Current Account Q3, India Bank Loan Growth, HSBC Manufacturing PMI of India (Dec), India's Infrastructure Output, US Fed Balance Sheet, US Initial Jobless Claims, and US ISM Manufacturing PMI.

Dec 29, 2024

Railway projects worth Rs 88,875 crore sanctioned in big boost to 3 economic corridors

A total of 58 railway projects have been sanctioned across three economic corridors, with a combined completion cost of about Rs 88,875 crore and a total track length of about 4,107 kilometres during 2024 as part of the Centre's strategy to spur economic growth in the country through big infrastructure projects, according to the year-end review of the Indian Railways.

Dec 29, 2024

India records highest ever coal production in 2023-24, focus on raising coking coal output

India recorded its highest ever coal production of 997.826 million tonnes (MT) in the financial year 2023-24 which represents an 11.71 per cent increase in comparison to the corresponding figure of 893.191 MT in the year 2022-23, according to the year-end review of the Coal Ministry.

Dec 29, 2024

Funding booster: Indian startups see 20 pc jump at $12 billion this year

The Indian startup ecosystem received a funding booster this year with raising more than $12 billion, a 20 per cent jump from last year's $10 billion.

Dec 28, 2024

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Articles by IBT Business Desk

Audi India sells 5,816 units in 2024, reaches 1 lakh milestone

Indian stock market begins New Year on flat trajectory

Year Ender: Indian startups raise $12 billion, new-age firm joins Sensex for first time

CBDT extends deadline for revised ITR to January 15

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

Streamline taxation, bolster manufacturing in Union Budget: PHDCCI

Indian share market ends lower, Nifty below 23,700

Budget 2025-26: Assocham seeks further ease of doing biz, credit flow for MSMEs

Indian insurance sector sees 62pc surge in female salespersons in FY24: Report

India's defence production poised to clock 20 pc annual growth in FY 2024-29

Indian stock market set to ride on strong economic growth in 2025

Ola Electric's stock down 3% after fresh high-level exits at the company

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

Indian stock market opens lower, Nifty below 23,800

Passengers to board flights at Navi Mumbai International Airport from May 2025: Officials

Venture Capital investments in India surge to $16.8 bn in January-November: Report

Market Outlook: PMI, auto sales and global economic cues key triggers for next week

Railway projects worth Rs 88,875 crore sanctioned in big boost to 3 economic corridors

India records highest ever coal production in 2023-24, focus on raising coking coal output

Funding booster: Indian startups see 20 pc jump at $12 billion this year

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'