Business

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…

Coal India shares are inexpensively valued  and trade at a steep discount to historical averages. Post the state-run miner's doubling of September quarter profit, a host of brokerages have revised upward their price targets and suggested up…

Shares of tyre maker MRF declined 6 per cent in Wednesday's trade after the company posted less-than-expected numbers in September quarter results, hurt by higher costs and inferior product mix. Analysts are largely ‘Neutral’ to 'Negative'…

Dozens of companies will disclose September quarter earnings today. Among them are Tata Motors, Star Health, Pidilite Industries, Godrej Properties and Piramal Enterprises. Analyst estimates suggest Tata Motors and Star Health may report…

Wednesday will be a light day as far as corporate actions are concerned. The day will see shares of Tech Mahindra (TechM) going ex-dividend. The IT major had announced a special dividend of Rs 18 per share. On the other hand, shares of…

View of the Walt Disney statue in front of Cinderella Castle inside the Magic Kingdom Park at Walt Disney World Resort in Lake Buena Vista, Florida.Getty ImagesAll eyes will be on Disney's streaming numbers when the company reports its…

A traveler arriving at Los Angeles International Airport looks for ground transportation during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers "basic employee rights''…

US President Joe Biden speaks during a DNC rally in Miami Gardens, Florida, US, on Tuesday, Nov. 1, 2022.Eva Marie Uzcategui | Bloomberg | Getty ImagesAnxiety over the cost of living and the direction of the economy could prove costly to…

A person poses in front of a banner featuring the logo of Palantir Technologies (PLTR) at the New York Stock Exchange (NYSE) on the day of their initial public offering (IPO) in Manhattan, New York City, U.S., September 30, 2020.Andrew…

Take-Two stock dropped more than 15% in extended trading on Monday after the company reported fiscal second-quarter 2023 results. It said its outlook in the current quarter and for fiscal 2023 would be lower than previously expected.Here's…

Amid fears of a global slowdown, India is among a few major stock markets that delivered positive returns in 2022 so far. Due to this, India's valuations vis-à-vis emerging markets have jumped to historic high and its market capitalisation…

Tata Steel, Coal India, JSW Steel and ONGC are among half of Nifty stocks that are trading at a steep discount to their 10-year valuation averages. This is even as the NSE barometer has climbed nearly 12 per cent in the last six months.…

The initial public offer (IPO) of Global Health was subscribed over 9 times on the last day of issue on November 7. The firm received bids for 44.79 crore shares against an IPO size of 4.67 crore shares amounting to a subscription of 9.58…

PB Fintech, the operator of Policybazzar, on Monday reported a narrowing of consolidated losses at Rs 186.64 crore for September quarter compared with Rs 204.33 crore in June and Rs 204.44 crore in the year-ago quarter. Revenue for the…

The Indian equity market closed higher on Monday with the Sensex reclaiming the 61,000-mark, led by strong buying in auto, energy and metal stocks amid a strong trend in global equities. Sensex gained 234 points to end at 61,185 and Nifty…

Omar Marques | LightRocket | Getty ImagesShares of DraftKings closed down 28% on Friday after the sports betting company reported slower monthly customer growth in the third quarter that fell short of estimates.The company raised its…

Berkshire Hathaway Chairman and CEO Warren Buffett.Andrew Harnik | APBerkshire Hathaway on Saturday posted a solid gain in operating profits during the third quarter despite rising recession fears, while Warren Buffett kept buying back his…

The equity market will remain closed on Tuesday on account of Gurunanak Jayanti. On Monday, Sensex gained 234 points to end at 61,185 and Nifty climbed 85 points to 18,202. Of 30 Sensex stocks, 18 ended in green. Top Sensex gainers were…

The initial public offering (IPO) of Bikaji Foods International got subscribed nearly 27 times on the final day of bidding on Monday. The initial share sale received bids for 54,94,47,200 shares against 2,06,36,790 shares on offer,…

November is set to see a huge supply of shares as lock-in periods of at least 10 companies including FSN E-Commerce (Nykaa), PB Fintech (Policy Bazaar), One97 Communications (Paytm), Tarsons Products and Go Fashion (India) are set to expire…

Shares of Divi’s Laboratories tanked over 9 per cent in the afternoon session today after the pharma firm reported a 19 per cent fall in Q2 profit. Net profit fell to Rs 493.6 crore in Q2, down 18.6 per cent for the July-September period…

Kaynes Technology has fixed the price band of its forthcoming initial public offer (IPO) at Rs 559-Rs 587. The issue will hit the primary market on Thursday, November 10 and conclude on November 14. It would consist of a fresh issue…

The share allotment status of DCX Systems' initial public offering (IPO) would be finalised on Monday. The initial share sale of Bengaluru-based company got subscribed 69.79 times on the last day of subscription (November 2). The public…

Shares of state-owned lenders State Bank of India (SBI) and Bank of Baroda (BoB) on Monday touched their 52-week highs, respectively, riding on the back of their strong results posted during the second quarter (Q2), which ended September…

Inox Green, a Inox Wind subsidiary, on Monday fixed the price band for its forthcoming initial public offer (IPO) at Rs 60-65. The Rs 740 crore IPO would comprise a fresh issue of 56,923,077 shares and an offer for sale of 56,923,077…

Better-than-expected financial result in the September quarter has once again brought this music label company into the limelight. On a year-to-date basis, shares of the company have declined 27 per cent till November 4, 2022. However, the…