Business

The Indian equity market closed lower on Thursday led by selling in consumer durables, auto and banking shares amid a weak trend in global equities. Sensex closed 420 points lower at 60,613 and Nifty fell 129 points to end at 18,028. Of 30…

An Electron rocket launches from the company's New Zealand facility on Nov. 4, 2022.Rocket LabRocket Lab delivered quarterly results on Wednesday that boasted record revenue, with the space company tacking on additional contract wins across…

The initial public offering (IPO) of Chennai-based Five Star Business Finance on Thursday subscribed 18 per cent on the second day of bidding. The three-day initial share sale would conclude on November 11. The issue attracted bids for…

The initial public offer (IPO) of speciality marine chemical manufacturer Archean Chemical was subscribed 141 per cent on the second day of the issue today. The firm received bids for 2.81 crore shares against an IPO size of 1.99 crore…

The share allotment status of Fusion Micro Finance's initial public offering (IPO) would be finalised on Thursday. The initial share sale of microfinance lender got subscribed 2.95 times on the last day of bidding (November 4). The public…

Shares of Zomato slipped over 3 per cent ahead of the firm’s September quarter earnings set to be announced today. The stock fell 3.29 per cent intraday to Rs 63.15 on BSE. The share opened almost flat at Rs 65.40 against the previous close…

With a sharp fall in shares of Tesla, the wealth of SpaceX and Tesla CEO Elon Musk has fallen $96 billion this calendar. Bernard Arnault, the second richest, too has lost $34.5 billion in wealth this year, as per the publicly available…

Shares of Aurobindo Pharma tanked over 7 per cent today after the firm said its whole time P. Sarath Chandra Reddy, whole time director has been arrested by the Enforcement Directorate (ED). Aurobindo Pharma stock crashed 7.42 per cent to…

Shares of pharma major Lupin zoomed nearly 9 per cent today after the drugmaker reported a consolidated net profit of Rs 130 crore in Q2 against a net loss of Rs 2,098 crore in the July-September period of the previous fiscal. Japanese…

Shares of Eicher Motors fell over 2 per cent in early trade ahead of the firm’s September quarter earnings set to be announced today. Eicher Motors stock fell 2.56 percent to Rs 3,637 on BSE. The share opened lower at Rs 3,727 against the…

Shares of  FSN E-Commerce Ventures (Nykaa) took a beating in Thursday's trade, as the one year lock-in period for pre-IPO shareholders got expired, triggering selling pressure on the counter. The scrip was also trading ex-bonus today. The…

The Rs 857.82 crore Kaynes Technology initial public offer (IPO) is ready to open for subscription on Thursday. Ahead of its IPO, the end-to-end and IoT solutions enabled integrated electronics manufacturing player allocated 4,376,421…

Tesla Inc shares slid to their lowest level in nearly two years on Wednesday after Chief Executive Elon Musk disclosed hesold another $3.95 billion worth of shares in the electric-vehicle maker. Shares ended down 7.2% at $177.59, the…

The Specified Undertaking of the Unit Trust of India (SUUTI), under the union government, plans to sell 4.65 crore shares representing 1.55 per cent stake in Axis Bank, as per a regulatory filing. With the sale, the government would…

After the pandemic, online and offline are separate markets for MBA programmes now and both have takers, according to business school SP Jain Global Group’s Founder & President Nitish Jain.   “During Covid, our full-time on-campus…

The New York Stock Exchange welcomes executives and guests of Roblox (NYSE: RBLX), today, Wednesday, March 10, 2021, in celebration of its Direct Listing.NYSEShares of Roblox fell more than 15% in premarket trading Wednesday after the…

The initial public offering (IPO) of Chennai-based Five Star Business Finance opened for subscription on Wednesday. The three-day initial share sale would conclude on November 11. The issue attracted bids for 7,21,742 crore equity shares…

Electric vehicle start-up Lucid on Sept. 28, 2021 said production of its first cars for customers has started at its factory in in Casa Grande, Arizona.LucidElectric vehicle maker Lucid Group on Tuesday reported that it lost $530 million in…

In this photo illustration a silhouette of a man holding a medical syringe and a vial seen displayed in front of the Novavax logo on a screen.Cezary Kowalski | Lightrocket | Getty ImagesNovavax posted an unexpected loss on Thursday but beat…

Oil marketing companies (OMCs) namely Hindustan Petroleum Corporation (HPCL), Indian Oil Corporation (IOC) and Bharat Petroleum Corporation (BPCL) reported a combined loss of 21,228 crore for the half year ended September 30, which was…

Tata Motors said JLR revenues rose 35.9 per cent YoY to 5,260 million pounds and its Ebitda margin came in at 10.3 per cent. Tata Passenger Vehicles and Tata Commercial Vehicles reported YoY growths of 71 per cent and 35.9 per cent,…

Shares of Adani Ports and Special Economic Zone closed nearly 4 per cent higher in a weak market today amid reports that the Adani Group would become the first Indian port operator in Sri Lanka with construction of the Colombo Port's…

Gloster stock hit its upper circuit limit on Wednesday after the company announced a bonus issue of 1:1 and also dividend of Rs 50 per share. In an exchange filing, post market hours of Monday, the company announced the issue of fully paid…

Oil marketing companies (OMCs) including Hindustan Petroleum Corporation Limited (HPCL), Indian Oil Corporation (IOC) and Bharat Petroleum Corporation (BPCL) together reported their highest-ever loss of Rs 21,228 crore for the half year…

Shares of public sector banks (PSBs) outperformed on Wednesday trade despite a weak show in Indian equity benchmarks. The state-owned lenders continued their forward march today riding on the back of strong second-quarter (Q2) results in…

Kanye West at an event announcing a partnership with Adidas on June 28, 2016 in Hollywood, California.Getty ImagesAdidas on Wednesday cut its full-year guidance on the back of the German sportswear giant's termination of its partnership…

Kaynes Technology initial public offer (IPO) will open for subscription on Thursday. The issue, which consist of a fresh issue aggregating Rs 530 crore and an offer for sale of up to 5,584,664 shares, will be sold in the Rs 559-Rs 587. It…

The share allotment for the initial public offer (IPO) of Global Health Limited will be carried out on November 11, 2022. The grey market premium (GMP) of the share sale stands at Rs 15. This implies that the stock is likely to be listed at…

The initial public offer (IPO) of speciality marine chemical manufacturer Archean Chemical was subscribed 10 per cent on the first day of the issue today. The firm received bids for 19.63 lakh shares against an IPO size of 1.99 crore shares…

Shares of Hindalco Industries fell nearly 5 per cent today after Novelis Inc, a subsidiary of the Aditya Birla Group firm, reported a 23 per cent fall in net income to $183 million for the quarter ended September 30 against a net income of…