Business

  Domestic stocks are likely to see a cautious start to Monday's trade amid a rise in dollar and worries over rate hikes ahead of the US Fed rate decision on Wednesday. Asian markets were trading lower in early trade. At home, all eyes…

One 97 Communications Ltd, the operator of India's largest digital payments provider Paytm, cannot use proceeds of its mega initial public offering (IPO) for the proposed repurchase of its own shares, as rules prohibit such a move, sources…

Indian equity benchmarks ended the week on Friday with a cut of over 1% as US recession fears continued to hurt sentiments. Reserve Bank of India (RBI) raising the repo rate by 35 basis points (bps) to 6.25% has also dampened the…

Wholesale prices rose more than expected in November as food prices surged, dampening hopes that inflation could be headed lower, the Labor Department reported Friday.The producer price index, a measure of what companies get for their…

Jennifer Hyman, Rent the Runway Scott Mlyn | CNBCAs some shoppers think twice about purchases, Rent the Runway is getting a bump.The fashion rental and subscription company on Wednesday reported stronger quarterly revenue that beat…

People line up to enter a store during Black Friday shopping at Fashion Outlets of Chicago in Rosemont of Greater Chicago Area, Illinois, the United States, on Nov. 26, 2021.Joel Lerner | Xinhua News Agency | Getty ImagesLululemon on…

Indian benchmark indices saw profit-booking today led by losses in IT, capital goods and metal stocks. Sensex fell 389 points to end at 62181. Of 30 Sensex stocks, 18 ended in the red. Nifty too fell 112 points to end at 18,496, with 33 of…

Vadilal Industries stock zoomed over 10 per cent today after the company’s board on Thursday approved the purchase of the “Vadilal” brand from its promoter group entity Vadilal International.  The board also gave its approval for selling…

TSMC has bucked a slowdown in areas of the chip market in the face of rising prices, fears of a global recession and Covid disruptions in China.Rafael Henrique | Sopa Images | Lightrocket | Getty ImagesTSMC, the world's largest contract…

Shares of IT major Wipro have slipped 45%, emerging as top losers among the IT giants this year. Wipro stock which closed at Rs 715.20 on December 31, 2021 is trading at Rs 396.40 in the current session. On the other hand, Infosys stock has…

Shares of One 97 Communications Ltd, Paytm's parent, returned to positive territory in Friday's trade, snapping their four-day losing run. The stock climbed as much as 6.79 per cent to hit a day high of Rs 542.90 against its previous close…

Global brokerage firm Nomura is positive on select information technology (IT) majors from the largecaps and midcaps segment for 2023. The overseas firm said that IT sector valuation has moderated significantly and its premium to broader…

Shares of Sun Pharma rose today after falling for five consecutive sessions as the healthcare firm said the company would not revise its revenue guidance downwards for the current financial year due to USFDA's import alert at its Halol…

Shares of Yes Bank extended their gains for the second straight session on Friday. The stock jumped as much as 14.93 per cent to hit a day high -- also its 52-week high -- of Rs 20.40 as against its previous close of Rs 17.75. A total of…

Shares of Hindustan Unilever Limited hit their 52-week high of Rs 2,741 on BSE a day after the company announced its foray into the ‘Health & Wellbeing’ category through strategic investments in Zywie Ventures Private Limited (“OZiva”)…

The market ended higher on Thursday amid firm global cues. Sensex rose 160 points to settle at 62,570.68 and Nifty advanced 48.85 points to end at 18,609.35.  In the same session, a  host of bulk deals also took place which are likely to…

Sensex managed to end higher on Thursday after four straight sessions of losses led by gains in select banking and auto counters amid mixed global cues. Sensex rose 160 points to settle at 62,570.68. Of 30 Sensex stocks, 13 advanced while…

Sensex and Nifty are likely to open on a positive note in Friday's trade, tracking strong cues in the US and Asian markets. Dollar lost ground while oil prices rose in early trade. Here's what you should know before the Opening Bell:…

The S&P 500 ended higher on Thursday, snapping a five-session losing streak, as investors interpreted data showing a rise in weekly jobless claims as a sign the pace of interest rate hikes could soon slow. Wall Street's main indexes…

A 'help wanted' sign is displayed in a window of a store in Manhattan on December 02, 2022 in New York City. Spencer Platt | Getty ImagesAs far as jobs reports go, November's wasn't exactly what the Federal Reserve was looking for.A…

The Kingdom Tower (center) stands on the skyline above the King Fahd highway in Riyadh, Saudi Arabia.Simon Dawson | Bloomberg | Getty Images Saudi Arabia reported its first budget surplus in nearly 10 years, thanks to its revenue being…

Shares of Larsen & Toubro (L&T) climbed for the fourth straight session today. The stock surged as much as 2.38 per cent to hit a day high -- also its 52-week high -- of Rs 2,173.95. It eventually settled 206 per cent higher at Rs…

Sensex managed to end higher today after four straight sessions of losses led by gains in select banking and auto counters amid mixed global cues. Sensex rose 160 points to settle at 62,570.68. Of 30 Sensex stocks, 13 advanced while 17…

The initial public offer (IPO) of Landmark Cars Limited will open next week on December 13. The firm, which is engaged in the dealership of four wheelers, plans to raise Rs 552 crore by issuing 10,909,091 shares. The fresh issue will…

Shares of Kalpataru Power rose nearly 3% today after board of directors cleared raising of Rs 99 crore through the issuance of non-convertible debentures (NCDs). The issue will be carried out on private placement basis.   In the afternoon…

Shares of state-owned lenders Bank of India (BoI) and Bank of Baroda (BoB) jumped up to 8.78 per cent to hit their respective 52-week highs today. Technical charts largely show a 'positive' outlook for the two stocks in the medium term.…

Indian power stocks remained charged up for the third straight year on Dalal Street, citing fresh investment announcements and rising demand growth which rebounded to double-digits in November 2022. The ongoing rally in Adani group stocks…

Shares of Venky’s India zoomed nearly 16% today and were among the top gainers on BSE. The stock has gained after four days of consecutive fall.  The rally in the poultry company’s stock comes amid the ongoing football world cup in Qatar…

Shares of Lancer Container Lines are in focus after the firm has announced stock split from face value of Rs 10/- per share to Rs 5/- per share. Lancer Container Lines is a multibagger stock with 156% returns, 110% returns and 3,647%…

Sun Pharmaceutical Industries' stock fell 2.5% on Thursday as the US Food and Drug Administration (FDA) had listed the drugmaker's facility in Gujarat's Halol under an import alert. At 10:40 hours on Thursday, the drugmaker's stock was…