Business

Public sector companies have been buzzing on Dalal Street due to their superlative performance in the ongoing calendar year. The BSE PSU index has gained 13.32 per cent on a year-to-date (YTD) basis till September 22. On the other hand, the…

Shares of Paytm (listed as One97 Communications) were in focus today after global brokerage Goldman Sachs assigned an outperform call to the digital payments firm. Goldman Sachs is bullish on the business model of Paytm and has maintained a…

Shares of Mahindra and Mahindra Financial Services on Friday fell more than 14 per cent after the Reserve Bank of India (RBI) directed the company to stop using third-party services for loan recovery until further orders. The company's…

After a few years of underperformance, Avanti Feeds stock is again buzzing on Dalal Street due to a couple of positive views by analysts. Of late, shares of the company have gained 14 per cent in the ongoing financial year till September…

Shares of Tata Steel gained 4 per cent in early trade today  after board of the firm cleared the amalgamation of seven of its subsidiaries with the parent company. Tata Steel stock hit an intraday high of Rs 107.90 today against the…

Benchmark indices fell for the second straight session on Thursday, in line with weak global cues following the US Federal Reserve's interest rate hike and hawkish stance. Sensex declined 337.06 points to settle at 59,119.72. During the…

Indian equity benchmarks extended their fall for the third straight session on Friday, in line with the weaker trend in global markets. Investors remained worried after the sharp interest rate hike by the US Federal Reserve and renewed…

A person walks by a FedEx van in New York City, May 9, 2022.Andrew Kelly | ReutersFedEx on Thursday announced rate hikes and detailed its cost-cutting efforts after the shipping giant warned last week that its fiscal first quarter results…

The Bank of England warned that the U.K. will enter recession later this year. The expected recession is forecast to be the longest since the global financial crisis.Vuk Valcic | SOPA Images | LightRocket | Getty ImagesThe Bank of England…

An order of breadsticks from a Darden Restaurants Inc. Olive GardenGetty ImagesDarden Restaurants on Thursday reported mixed quarterly results but still reiterated its outlook for fiscal 2023.The parent company of Olive Garden and LongHorn…

Benchmark indices fell for the second straight session on Thursday, in line with weak global cues following the US Federal Reserve's interest rate hike and hawkish stance.Sensex declined 337.06 points to settle at 59,119.72. During the day,…

Shares of ITC hit their fresh five-year high today amid a weak trend in the broader market due to negative global cues. ITC shares reached the record high mark of Rs 348.65, rising 2.23 per cent on BSE. ITC stock has been rising for the…

Shares of KPIT Technologies rose as much as 6 per cent amid a weak market today after the company announced the acquisition of Munich-based Technica Engineering to accelerate the transformation towards software-defined vehicle. KPIT…

Shares of Fortis Healthcare crashed as much as 18.72 per cent to trade at Rs 252.95 in intraday deals after the Supreme Court refused to lift stay on IHH Healthcare's open offer. In addition, the top court asked the Delhi HC to decide on…

Shares of Gayatri Projects have led to considerable wealth destruction for investors in one year. Gayatri Projects stock has tanked nearly 80 per cent in the last one year.  In comparison, Sensex has gained 0.69 percent during the period.…

Benchmark indices closed lower on Wednesday amid mixed global cues ahead of the US Fed decision on interest rates. Sensex fell 262.96 points or 0.44 per cent to end at 59,456.78. During the day, it tanked 444.34 points or 0.74 per cent to…

Wall Street's main indexes see-sawed before slumping in the final 30 minutes of trading to end Wednesday lower, as investors digested another supersized Federal Reserve hike and its commitment to keep up increases into 2023 to fight…

Forex update Posted by :- prashun talukdar "As expected the Fed raised interest rates as expected by 75 bps to 3.25 per cent and the dot-plot (future projections of rate) shows another 100-125 bps by year end and rates peaking at 4.60 per…

Billionaire Gautam Adani's group has pledged his entire equity stake in ACC and Ambuja Cement -- worth $12.5 billion -- to foreign banks to fund the $6.5 billion acquisition of two cement makers from its Swiss parent company Holcim. Under…

Benchmark indices closed lower on Wednesday amid mixed global cues ahead of the US Fed decision on interest rates.Sensex fell 262.96 points or 0.44 per cent to end at 59,456.78. During the day, it tanked 444.34 points or 0.74 per cent to…

Shares of Adani Ports and Special Economic Zone saw profit-booking in today's session a day after the Adani Group firm was awarded Rs 25,000-crore greenfield deep sea Tajpur port project. The stock had gained 3 per cent intraday in the…

Shares of Central Bank of India zoomed 15 per cent today after the Reserve Bank of India RBI removed the lender from the list of Prompt corrective action (PCA) restrictions. The performance of the bank was reviewed by the Board for…

The share allotment status of Harsha Engineers International's initial public offering (IPO) would be announced on Wednesday. The initial share sale of Ahmedabad-based company got subscribed 74.70 times, helped by heavy demand from…

Russian President Vladimir Putin attends a meeting of heads of the Shanghai Cooperation Organization (SCO) member states at a summit in Samarkand, Uzbekistan September 16, 2022.Foreign Ministry Of Uzbekistan | via ReutersUkraine's…

Cross investments in a similar line of business could be one of the reasons for keeping the Virat Kohli-backed Go Digit General Insurance IPO in "abeyance" by capital markets regulator Securities Exchange Board of India (Sebi), according to…

SpiceJet shares fell 4 per cent today after the budget airline said it had sent around 80 pilots on a three-month leave without pay in order to rationalise costs. Stock of SpiceJet slipped 4.01 per cent intraday to Rs 41.85 today against…

Shares of YES Bank gained nearly 5 per cent in an otherwise volatile market today after the board of private lender cleared the sale of a stressed loan portfolio of Rs 48,000 crore to asset reconstruction company JC Flower ARC. The plan for…

Are you looking for solid stocks which may boost your equity portfolio? An analysis by Equirus Securities suggested that at least five stocks from midcap and smallcap space may double investors’ wealth by September 2025. In the midcap…

The Indian market closed higher for the second straight session on Tuesday led by gains in consumer durables, banking and pharma shares. A rally in the global markets also boosted sentiment on Dalal Street. Sensex closed 578 points higher…

Indian equity benchmarks may trade lower on Wednesday, pausing a two straight sessions of gains as investors braced for another aggressive interest rate hike from the US Federal Reserve.   Asian markets were lower today as investors…