Business

Shares of Meta Platforms, Google-owner Alphabet and other companies that sell digital ads dropped late on Thursday after Snapchat owner Snap Inc blamed inflation for its slowest revenue growth since going public five years ago. Snap was…

  A majority of analysts who participated in BT Digital Diwali Survey said 40-70 per cent weightage could be assigned to stocks; they found 20-45 per cent allocation to debt as reasonable; gold could be assigned 5-15 weightage while…

CEO of Snap Inc. Evan Spiegel walks to a morning session at the Allen & Company Sun Valley Conference on July 07, 2021 in Sun Valley, Idaho.Kevin Dietsch | Getty ImagesSnap shares plummeted more than 25% in extended trading on Thursday…

Employees work at the BMW manufacturing plant in Greer, South Carolina, October 19, 2022.Bob Strong | ReutersThe economy sent a low-key signal Thursday that a recession is looming — and that the Federal Reserve could be making a policy…

Wall Street's main indexes regained footing on Thursday, recovering from a brief shock after the resignation of Liz Truss as prime minister of the United Kingdom, as focus moved back to positive forecasts from IBM and AT&T. IBM Corp…

An American Airlines Boeing 787-9 Dreamliner approaches for a landing at the Miami International Airport on December 10, 2021 in Miami, Florida.Joe Raedle | Getty ImagesAmerican Airlines reported a $483 million profit for the third quarter…

Benchmark indices continued their rally for the fifth day on Thursday amid fag-end recovery in equities led by buying in IT stocks. Bouncing back from its early fall, Sensex climbed 95.71 points or 0.16 per cent to end at 59,202.90. During…

Shares of Asian Paints fell over 3 per cent today despite the firm reporting a 31.3 per cent year-on-year (YoY) rise in consolidated net profit for the September quarter. Profit was lower than the estimates on D-Street which led to negative…

With a muted stock market return, Samvat 2078 has nothing to write home about. But if one go by BT Digital Diwali survey, comprising a dozen brokerages and mutual fund houses, benchmark indices have potential to touch new highs over the…

Asian Paints on Thursday reported a 31.3 per cent year-on-year (YoY) rise in consolidated net profit (after minority interest) at Rs 782.71  crore in the September quarter compared with Rs 595.96 crore in the corresponding quarter last…

Shares of Nykaa (listed as FSN E-Commerce Ventures Limited) were trading higher today a day after hitting their 52-week low. The stock of the fashion retailer gained up to 2.63 per cent to Rs 1182.3 against the previous close of Rs 1151.95…

Samvat 2079, the ancient Hindu calendar year which will start on Diwali, is likely to stay volatile considering the deterioration in global macros and uncertainties in western economies. There are hopes that rising interest rates, any…

Shares of Nestle India rose 2 per cent in Thursday's trade after the FMCG firm posted a good set of numbers for the September quarter. The stock rose 1.9 per cent to hit a high of Rs 20,130 on BSE. The FMCG scrip was the top Sensex gainer…

Shares of IndusInd Bank fell over 5 per cent today despite the lender reporting a stellar set of earnings for the quarter ended September 2022. IndusInd Bank stock lost up to 5.57 per cent to Rs 1150.45 against the previous close of Rs…

Shares of Rallis India jumped over 6 per cent in Thursday's trade after the Tata Group firm reported better-than-expected September quarter results. "Rallis' September quarter results were above than our/consensus expectations, primarily…

Shares of Havells India tanked 4 per cent in Thursday's trade after the company reported a weak set of quarterly results. The consumer electrical goods maker, post market hours of Wednesday, said its consolidated profit fell 38.15 per cent…

Tracxn Technologies on Thursday made a decent market debut, as the scrip got listed at Rs 84.50 on NSE, a 5.63 per cent premium over its issue price of Rs 80.  On BSE, the stock got listed at Rs 83, up 3.75 per cent. A global provider of…

The Indian market ended higher for the fourth straight session on Wednesday led by buying in banking and consumer goods stocks amid positive global cues. Sensex rose 146.59 points to settle at 59,107.19. During the day, it rallied 439.09…

Wall Street closed lower on Wednesday, marking the end of a multi-session rally, and Treasury yields spiked as gloomy data and downbeat corporate outlooks tossed cold water on investor risk appetite. All three major US stock indexes lost…

IBM CEO Arvind Krishna speaks at an IBM facility in Poughkeepsie, New York, on Oct. 6, 2022. IBM announced $20 billion in investments during President Biden's visit that will go toward research and development and the manufacturing of…

Tesla CEO Elon Musk speaks at an event in Hawthorne, California April 30, 2015.Patrick T. Fallon | ReutersTesla is expected to report third-quarter earnings for 2022 after the bell on Wednesday.CEO Elon Musk does not speak on every earnings…

Juan Espinoza, far left, with his family.A combination of rising interest rates, high home values and limited inventory has been squeezing prospective homebuyers — and perhaps few know that as well as Juan Espinoza does.The 23-year-old…

Wall Street's main indexes struggled for direction on Wednesday as a surge in Treasury yields to 14-year highs on expectations of bigger interest rate hikes dampened budding optimism from a bright start to the earnings season. The yield on…

Amazon CEO Jeff Bezos speaks during the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain, November 2, 2021.Paul Ellis | ReutersAmazon founder Jeff Bezos has become the latest corporate leader to warn about the state of the…

With an aim to strengthen transparency and fairness in the capital markets, Sebi is focusing on data tools to detect wrong-doing in the securities market as well as for its policy formulation. Apart from data, another focus area for the…

The Indian market ended higher for the fourth straight session on Wednesday led by buying in banking and consumer goods stocks amid positive global cues. Sensex rose 146.59 points to settle at 59,107.19. During the day, it rallied 439.09…

Containers of Tide detergent on grocery store shelves.Richard Levine | Corbis | Getty ImagesProcter & Gamble on Wednesday reported quarterly earnings and revenue that topped analysts' estimates as higher pricing offset lower demand for…

Seasoned investor Ashish Kacholia bought 2 per cent stake in Shankara Building Products in the September quarter while he upped his stake in Xpro India marginally during the same period. The ace investor, who owns 39 listed stocks worth Rs…

Jubilant Ingrevia (JIL), a part of Jhunjhunwala's portfolio, has recovered nearly 35 per cent from its March low of Rs 401.35, even as the scrip is still down 30 per cent from its 52-week high of Rs 818.50 level. Brokerages essentially…

Dutch firm ASML makes one of the most important pieces of machinery required to manufacture the most advanced chips in the world. U.S. chip curbs have left companies, including ASML, scrambling to figure out what the rules mean in…