Business

The rights issue of Suzlon Energy opened on Tuesday with the company eyeing a total of Rs 1,200 crore by issuing 240 crore equity shares at Rs 5 per share.  Going by the current market price of the share of the company - Rs 7.36 – the…

Shares of NTPC and Power Grid Corporation are among the most tracked stocks of public ltd firms in the power sector. The stocks which are also considered as defensive bets currently trade near the affordable price of  Rs 200 per scrip.…

Shares of India Cements plunged over 6 per cent in Tuesday's trade, as the company's decision to divest its entire holding in Springway Mining to JSW Steel for Rs 476.87 crore failed to impress analysts. The future growth plans of the…

Indian equity market is looking uncertain amid the ongoing festive season. At the same time, investors are also in dilemma whether to stay in cash or keep investing on every fall, considering a couple of risks in the form of depreciating…

Tata Consultancy Services (TCS) September quarter results beat Street estimates on revenue and margin fronts, but marginally. Attrition remained high, with signs of slowdown visible in moderate hiring and flattish sequential order wins. …

Shares of Adani Green Energy gained 2 per cent in an otherwise weak market today after the  Adani Group firm said it has acquired three entities from Inox Green Energy Services Limited (IGESL) each holding 50 MW operational wind power…

IT major Infosys on Monday said it would consider a proposal for share buyback on Thursday when it is scheduled to report its quarterly earnings results. "The board of the company will consider a proposal for the buyback of fully paid-up…

Indian equity benchmarks are expected to trade lower on Tuesday amid weak global cues. Asian shares slipped today tracking an overnight decline on Wall Street.   Japan's Nikkei index dived 2.34 per cent, South Korea's KOSPI plunged 2.22…

Dimon said in June that he was preparing the bank for an economic "hurricane" caused by the Federal Reserve and Russia's war in Ukraine.Al Drago | Bloomberg | Getty ImagesJPMorgan Chase CEO Jamie Dimon said Monday that the U.S. should forge…

The Nasdaq hit a two-year low on Monday as chipmakers bore the brunt of US efforts to hobble China's semiconductor industry, while caution reigned ahead of the start of the earnings season. The Philadelphia SE Semiconductor index tumbled…

Cathie Wood, Founder, CEO, and CIO of ARK Invest, speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, May 2, 2022.David Swanson | ReutersThe Federal Reserve likely is making a mistake in its hardline stance…

The country's largest IT company, Tata Consultancy Services (TCS) delivered a set of numbers in line with what the street had expected. Revenue and margins increased and compared to the preceding quarter, its numbers across segments were…

Benchmark indices Sensex and Nifty closed lower on Monday amid a weak trend in global markets. Sensex declined 200.18 points to end at 57,991.11. During the day, it tumbled 825.61 points or 1.41 per cent to 57,365.68. Nifty fell 73.65…

Tata Consultancy Services (TCS), India's largest software exporter, on Monday reported an 8.38 per cent year-on-year (YoY) rise in net profit at Rs 10,431 crore in September quarter compared with Rs 9,624 crore in the corresponding quarter…

Ben Bernanke, former chairman of the U.S. Federal Reserve, speaks during the American Economic Association and Allied Social Science Association Annual Meeting on Friday, Jan. 4, 2019. Bernanke is one of three winners of the 2022 Nobel…

Shares of Balkrishna Industries, an off-highway tyre manufacturer, have corrected 27 per cent from its 52-week high level. While the scrip has made a few attempts to recover in the last few months, but failed to carry the momentum forward.…

Shares of Atul Auto rose over 14 per cent today after the board of the company approved a preferential issue of Rs 115 crore worth of warrants to promoters and non-promoters of the company, including investor Vijay Kishanlal Kedia. Atul…

Shares of Hero MotoCorp on Monday declined nearly 3 per cent, in line with a weaker trend in domestic equity benchmarks. The stock traded 2.91 per cent lower at Rs 2,548.60 during late trading session today. During the day, it touched an…

Shares of Easy Trip Planners climbed over 6 per cent in Monday's trade after its board approved a bonus issue, in addition to stock split.  The scrip climbed 6.41 per cent to hit a high of Rs 428 on BSE. With this, the scrip has jumped…

Driven by strong retail demand, Tracxn Technologies on Monday attracted 11 per cent bids for its initial public offer (IPO) within the first three hours of the Day 1 bidding process.  The Flipkart founders-backed IPO received bids for…

Shares of Indiabulls Housing Finance crashed 10 per cent today amid reports that the Enforcement Directorate (ED) has moved the Supreme Court to challenge the Delhi High Court's order ruling out a probe against the home finance company. The…

Shares of IDBI Bank surged nearly 10 per cent on Monday after the government invited bids for privatising the lender. The stock soared 9.95 per cent to trade at Rs 46.95 in afternoon trade. During the day, it touched an intraday high of Rs…

Maruti Suzuki, India's largest passenger carmaker, looks set to top Nifty profit growth chart in the September quarter, largely on a low base. Brokerages expect the auto major to log up to 356 per cent year-on-year (YoY) surge in profit,…

Shares of TCS climbed nearly 1 per cent in Monday's trade ahead of the IT firm's September quarter results scheduled for later in the day. The Mumbai-headquartered IT major is seen reporting a single-digit rise in year-on-year (YoY) bottom…

The Rs 309.38 crore initial public offer (IPO) by Tracxn Technologies opened for subscription on Monday. The issue by the Bengaluru-based private market intelligence platform consisted of an offer for sale (OFS), aggregating 38,672,208…

Indian equity benchmarks are expected to trade lower on Monday amid weak global cues. Investors turned cautious after a solid US jobs report strengthened the case for the Federal Reserve to keep raising interest rates aggressively.   On…

Ahead of the release of the latest consumer price index reading this week, Allianz Chief Economic Adviser Mohamed El-Erian told CBS' "Face The Nation" Sunday that he predicts headline inflation "will probably come down to about 8%," but…

The coming week is going to be crucial as it will be heavily loaded with macroeconomic data, on the economic front, market participants will be eyeing the Index of industrial production (IIP) data for August slated to be announced on…

After eight quarters of growth, Nifty as a pack is likely to report flattish year-on-year (YoY) profit in the September quarter, likely hurt by a weak show by metal producers and BPCL. Net sales growth for the 50-pack index is seen at 20-23…

Job growth remained strong overall in September, but declines in several sectors led to a slowdown compared to hot readings during the summer. Leisure and hospitality was the standout sector, growing by 83,000 jobs. The sector has been…