Business

Harsha Engineers will finalise allotment of shares post its initial public offering (IPO) on September 21. The IPO was open from September 14 to September 16. The issue was subscribed 74.70 times on the last day. The IPO received bids for…

Indian stock market has thrown several gems which helped investors in achieving their financial freedom. Chemical firm SRF is one of them. Shares of the company have soared 5,805 per cent in the past 10 years. The scrip jumped to Rs…

Over half of the public sector undertakings (PSUs) in the BSE PSU index have delivered positive returns in the ongoing calendar year till September 19. The outperformance is also visible in the BSE PSU index which has gained nearly 15 per…

The stock of Tata Motors is in an uptrend; believe brokerages, despite the firm's UK arm Jaguar Land Rover (JLR) hit by semiconductor shortages. The Indian automaker is hugely dependent on its JLR, which contributes 67 per cent to the…

Benchmark indices opened higher today, led by gains in banking, consumer durables and IT stocks. Sensex rose 549 points to 59,690 and Nifty gained 174 points to 17,796. Market cap of BSE-listed firms stood at Rs 283.48 lakh crore today.…

Sensex closed above the 59k level on Monday, snapping three sessions of losses amid weak global cues. Sensex ended 300 pts higher at 59,141 and Nifty climbed 91 points to end at 17,622 with 35 of its constituents ending in the green. Of 30…

Wall Street's main indexes ended a seesaw session higher on Monday, as investors turned their attention to this week's policy meeting at the Federal Reserve and how aggressively it will hike interest rates. Even more so than the Ukraine…

Capital markets regulator Sebi has kept in "abeyance" the proposed initial share sale of Canada-based Fairfax Group-backed Go Digit General Insurance Ltd. However, the Securities and Exchange Board of India (Sebi) did not clarify further.…

Sensex closed above the 59k level on Monday, snapping three sessions of losses. Sensex ended 300 pts higher at 59,141 today. Of 30 Sensex stocks, 22 closed in the green. After opening in the green, the index touched a day's high of 59,277…

Shares of Escorts Kubota hit their all-time high today amid a rally in the broader market. The large cap stock, which closed at Rs 1,929.20 on  September 16 rose 10 per cent to a high of Rs 2,122 on BSE today. With today's rally, the stock…

The stock of Valencia Nutrition has logged stellar returns for investors in the last 10 days. Valencia Nutrition shares, which  closed at Rs 10.95 on September 5, 2022, hit a 52-week high of Rs 21.25 on September 19, translating into gains…

A couple of factors including the substitution of expensive foreign inputs, high expenditure as a percentage of GDP and rapid turnaround of order backlog are about to reshape the Indian defence industry which has already delivered robust…

Market regulator Securities and Exchange Board of India (SEBI) has given its approval to at least 70 companies to raise over Rs 1 lakh crore through the primary market in the coming 12 months. Data available with Primedatabase showed that…

Shares of Adani Enterprises, ACC and Ambuja Cements rose up to 10 per cent today amid reports that the Adani Group on Friday completed the acquisition of Ambuja Cements and its subsidiary ACC Ltd from Switzerland's Holcim Group for $6.4…

Shares of Infosys have fallen 28 per cent from their 52-week high in the last eight months. The stock of the IT firm hit its 52-week high on January 17, 2022 and fell to a 52-week low of Rs 1,367 on June 17, 2022. Infosys stock was trading…

Benchmark indices opened mildly higher today, led by gains in IT stocks. Sensex rose 50 points to 58,891 and Nifty gained 26 points to 17,556.  Market cap of BSE-listed firms stood at Rs 279.85 lakh crore today. UltraTech Cement, Asian…

Benchmark indices ended lower for the third straight session on Friday led by weak global cues. Sensex and Nifty fell nearly 2 per cent each to end the week in the red. Sensex tanked 1,093.22 points to end at 58,840.79. Nifty declined…

Share markets idled in Asia on Monday as investors braced for a week littered with 13 central bank meetings that are certain to see borrowing costs rise across the globe and some risk of a super-sized hike in the United States. Markets are…

Huntstock | Disabilityimages | Getty ImagesTurbulent times may be ahead for Hispanic workers, a new report from Wells Fargo found.The firm expects Hispanic workers to take an outsized hit if a mild recession happens in 2023, like it is…

This week key benchmarks ended in deep red, The 30-share Sensex declined 1.59 per cent to 58,840.79 on September 16 from 59,793.14 on September 09. Likewise, the 50-share Nifty index slipped 1.70 per cent to 17530.85. Nifty and Sensex…

Indian stock market has shown resilience against the global economic downturn amid several agencies predicting that the country would be the growth engine for the years to come. Data available with Ace Equity, BSE, and Trading Economics…

Benchmark indices ended lower for the third straight session today led by weak global cues. Sensex and Nifty fell nearly 2 per cent each to end the week in the red. Sensex tanked 1,093.22 points to close at 58,840.79. During the day, it…

The shares of Tata Power and Adani Power have been among the favourite picks of investors during the last few years. While Tata Power belongs to the reputed Tata Group led by  industrialist Ratan Tata, Adani Power is among the seven Adani…

The maker of Manforce condoms, Mankind Pharma, on Friday, said that it has filed its Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The IPO size…

The rally in tyre stocks, which recently hit 52-week highs due to the easing of raw material prices, halted on Friday amid a much weaker trend in global markets. Tyre stocks, particularly MRF, JK Tyre, CEAT, Apollo Tyres and Philips Carbon…

Most of the public sector banks have outpaced the benchmark equity indices in the ongoing calendar year on account of improvement in asset quality coupled with double-digit growth in deposits and loan books. Data available with Ace Equity…

Baba Ramdev, businessman and yoga guru, on Friday announced the initial public offering (IPO) plans for four Patanjali group companies over the next five years. "We are preparing to get listed five Patanjali group companies by floating four…

Goldman Sachs, the international investment bank and financial service provider, has updated its stance on Indian IT stocks amid the global economic slowdown and the looming worries of recession in the West. The financial services company…

The Adani Group has surpassed Tata Group in terms of market capitalisation race in today's trade.The combined market cap of the Gautam Adani-led Adani Group firms rose to Rs 21.14 lakh crore against the Rs 21.04 lakh crore market cap of the…

Shares of Wipro have fallen 44 per cent from their 52-week high in 11 months. The stock of the IT firm hit its 52-week high on October 14, 2021 and fell to 52-week low on July 15, 2022. The IT sector stock closed at Rs 416.25 in the…