Business

At the time when the focus was on the wild swings of the benchmark equity indices, as many as 23 stocks on SME exchanges rallied over 100 per cent since April 2022. A slew of factors like sustained outflows by foreign institutional…

Shares of Uno Minda Limited have delivered over 9,100 per cent return to its long-term shareholders in the last 10 years. From trading around Rs 5 in 2013, the stock is hovering around Rs 450 right now. The multibagger stock is currently…

Shares of FMCG major ITC will remain unaffected from the amendment to the GST Compensation Cess Schedule passed by the Lok Sabha late last week, said JM Financial in its report. The schedule has been seen as a prelude to a possible…

In a big blow to futures and options (F&O) traders, Finance Minister Nirmala Sitharaman has hiked the securities transactions tax (STT) on the sales of options and futures by up to 25 per cent, each. However, the industry participants…

Shares of APL Apollo Tubes have logged stellar returns for investors in the last three years. APL Apollo Tubes shares, which closed at Rs 127.42 on March 27, 2020 hit a high of Rs 1222 on March 27, 2023, translating into gains of 859 per…

Crompton Greaves Consumer Electricals last week proposed a scheme of amalgamation of Butterfly Gandhimathi with self. Upon merger, the public shareholders of Butterfly Gandhimathi as on the record date will receive 22 equity shares of…

The March quarter results are likely to be strong for banks, said Emkay Global, which remained constructive on the sector, even as it expects some moderation in credit growth going post fourth quarter. The brokerage prefers ICICI Bank, Axis…

Asian shares followed US stock futures higher on Monday on hopes authorities were working to ring fence stress in the global banking system, even as the cost of insuring against default neared dangerous levels. Helping nerves were reports…

In the coming holiday truncated week, Indian markets will remain closed on March 30 on account of Ram Navami. The upcoming week is likely to remain volatile as the march F&O series will expire on March 29 and traders will be adjusting…

It turned out to be yet another disappointing week of trade at the Indian bourses with frontline gauges shaving off around a percentage point as worries over banking contagion in the developed world continued to hurt sentiments, prompted by…

The Finance Ministry on Friday issued a clarification that the securities transaction tax (STT) on selling options has been increased to 0.0625% from 0.05% and not from 0.017% to 0.021% as mentioned in the latest amendment to Finance Bill…

Shares of Adani Total Gas on Friday settled above the Rs 1,000 mark after a gap of 24 consecutive sessions. During intraday deals, the scrip jumped 5 per cent to hit the upper price band of Rs 1,032.45. It eventually finished 2.49 per cent…

Domestic equity markets ended the week with a drop as benchmark equity indices settled lower on Friday. The absence of supportive global cues weighed on the market sentiments, which dragged the headline peers lower in the last hour of the…

India is an agriculture-driven country, whose about 60 per cent population is dependent on the primary sector. Monsoon is one of the major factors, which drives the Indian economy. A buzz of events like El Nino and La Nina may impact the…

Shares of the country’s largest lender State Bank of India (SBI) have delivered over 180 per cent return in the last three years. From trading around Rs 180 in March 2020, the stock is now hovering around Rs 512 (Thursday's closing price).…

The New York Stock Exchange welcomes Ouster Inc. (NYSE: OUST), today, Friday, March 12, 2021, in celebration of its Initial Listing. To honor the occasion, Ouster CEO Angus Pacala, joined by Chris Taylor, Vice President, NYSE Listings and…

The ongoing financial year stood highly tumultuous for the Adani group of companies as the combined market capitalisation (m-cap) of seven-listed firms namely Adani Enterprises, Adani Green Energy, Adani Ports and Special Economic Zone,…

More than three dozen companies made their debuts during the financial year 2022-23, which was a mix for the Indian primary markets. A total of 38 companies raised about Rs 52,600 crore from their initial public offerings (IPO). However,…

Tata Technologies, a Tata Motors subsidiary, recently filed draft papers with Sebi. The proposed offer includes a sale of up to 8.11,33,706 equity shares, or 20 per cent capital, by Tata Motors. Among other selling shareholders, Alpha TC…

Shares of Aarti Drugs zoomed over 8% intraday in a highly volatile market today. The pharma stock climbed up to Rs 404.70 , rising 8.25% against the previous close of Rs 373.85 on BSE. Market cap of the firm rose to Rs 3,685 crore on BSE.…

The Centre has hiked the tax on futures and options (F&O) trading to Rs 2,100 from Rs 1,700 on a turnover of Rs 1 crore. With this, the Securities Transaction Tax (STT) levied on a turnover of Rs 1 crore has been hiked to Rs 12,500…

Accenture's second quarter results and FY23 guidance were as positive as its order wins. Brokerages such as Nirmal Bang and JM Financial said while one can draw the conclusion that Accenture's strong show is reflective of healthy demand, it…

Shares of Sundaram-Clayton Ltd slumped in Friday's trade amid heavy volumes. The stock cracked 20 per cent to hit a day low -- also its lower price band -- of Rs 3,858.80 over its previous close of Rs 4,823.45. The sharp movement in the…

Jefferies' Christopher Wood in his latest GREED & fear note said there is potential for renewed outperformance by India in an Asian and emerging market context. Valuation-wise, he said India’s valuation premium vi-a-vis China is in line…

Jefferies' Christopher Wood in his latest GREED & fear note said there is potential for renewed outperformance by India in an Asian and emerging market context. Valuation-wise, he said India’s valuation premium vi-a-vis China is in line…

Benchmark indices settled in red on Thursday after a two-day recovery amid negative global cues. Selling pressure was seen in the blue-chip counters. Sensex dropped more than 289.31 points, or 0.50 per cent, to 57,925.28 and Nifty50 shed 75…

Dalal Street snapped a two-day winning streak on Thursday and settled lower. The fag-end selling pressure amid the weekly F&O expiry dragged the indices lower. The BSE barometer Sensex shed 290 points, or 0.50 per cent, to 57,925.28.…

Shares of Asian Paints Ltd have declined 8.17 per cent in 2023 so far, in sync with a 5.30 per cent drop in the domestic equity benchmark BSE Sensex. The stock settled 1.49 per cent lower at Rs 2,797.40 today. The counter has slipped 22.08…

Customers enter an Olive Garden restaurant in Pittsburg, California, US, on Friday, Dec. 9, 2022.David Paul Morris | Bloomberg | Getty ImagesDarden Restaurants on Thursday raised its revenue outlook for fiscal 2023 for the second…

The badge of a Ford Motor Co. E-Transit electric vehicle during a presentation in Washington, D.C., U.S., on Wednesday, July 28, 2021.Al Drago | Bloomberg | Getty ImagesFord Motor said Thursday its electric vehicle business lost $2.1…