Business

People shop at the Pioneer Supermarkets on January 12, 2023 in the Flatbush neighborhood of Brooklyn borough in New York City. Michael M. Santiago | Getty ImagesThere's one group of people that's being disproportionality hurt by high…

National Stock Exchange on Friday announced reduction in Bank Nifty's lot size to 15 from 25 from July 2023 monthly expiry. However, NSE left other market lots of derivatives contracts on indices unchanged, namely Nifty 50, Nifty Financial…

A cargo barge on the River Rhine near the European Central Bank (ECB) headquarters at sunset in the financial district in Frankfurt, Germany,Bloomberg | Bloomberg | Getty ImagesEurope learned its lessons after the financial crisis and is…

An inflation gauge the Federal Reserve follows closely rose slightly less than anticipated in February, providing some hope that interest rate hikes are helping ease price increases.The personal consumption expenditures price index…

Shares of metal and mining major Vedanta Ltd have plunged 38% from their 52-week high. In the current fiscal, the stock has lost 32% and fallen 11% in 2023. On the last day of this fiscal, the Vedanta stock closed 2.52% lower at Rs 274.70…

Shares of Brightcom Group Ltd pulled off a strong rebound on Friday after touching fresh one-year lows, halting their five-day fall. The stock dived 10 per cent in intraday deals to hit a lower price band -- also its 52-week low -- of Rs…

Fairfax-backed Go Digit Insurance has re-filed draft papers for a $440 million initial public offering (IPO) after addressing the market regulator's concerns related to the company's employee stock plans, which had stalled the offering for…

Shares of Vedant Fashions Ltd ended higher on Friday after financial services firm Motilal Oswal initiated coverage on the ethnic wear firm. It assigned a buy call to the company with a 27% upside at Rs 1,400 against the Wednesday's close…

Indian equity benchmarks closed the final trading day of financial year 2022-23 (FY23) on a higher note, led by gains in technology, banks, energy and financials. The domestic indices climbed today in line with the global markets. Asian…

SoftBank-backed Oravel Stays, which operates hospitality tech startup Oyo, has pre-filed its Draft Red Herring Prospectus (DRHP) with market regulator Sebi under the confidential pre-filing route, said a report on Friday. The issue size…

Huawei's revenue stabilized in 2022 as the company diversified into new areas like cloud computing and automotive technology. But its profit plunged as pressure from U.S. sanctions and China's pandemic controls weighed on the Chinese…

Domestic stocks rose sharply in Friday's trade, led by gains in energy, banks, financials and technology stocks. The BSE Sensex rose over 1,000 points while the NSE barometer Nifty hit above-17,350 level. At 2:13 pm, the 30-pack Sensex was…

Shares of Harsha Engineers International Ltd traded close to their initial public offering (IPO) issue price level of Rs 330 in Friday's deals. The stock rose 2.29 per cent to hit a day high of Rs 337.20 over its previous close of Rs…

ICICI Securities said its channel checks on B2C e-commerce companies suggest the March quarter results may underwhelm Street expectations. After a difficult December quarter, investors were expecting recovery in March quarter, it said…

Shares of Indian Railway Catering and Tourism Corporation (IRCTC) have slipped 26% in the last on year, logging losses for the first time in a fiscal since their listing in October 2019. The stock has seen subdued sentiment since March 31,…

Shares of Indian Railway Catering and Tourism Corporation (IRCTC) have slipped 26% in the last on year, logging losses for the first time in a fiscal since their listing in October 2019. The stock has seen subdued sentiment since March 31,…

A total of six Adani group stocks lost 40 per cent in combined market value in FY2022-23 after seeing a dream run in the previous two financial years, as allegations of stock manipulation, money laundering and accounting frauds on group…

Ahead of the March quarter results, a couple of brokerages are out with their quarterly results previews. As per the initial reports, the top five IT firms namely TCS, Infosys, HCL Technologies (HCL Tech), Wipro and Tech Mahindra (TechM)…

The last trading day of the current financial year 2022-23 (FY23) would be very busy, at least in terms of SME IPO openings. Four small and medium enterprises would go public today, namely Sancode Technologies, MOS Utility, Exhicon Events…

Dalal Street stocks advanced on Wednesday amid the expiry of March series F&O derivative contracts. The BSE Sensex jumped 345 points, or 0.60 per cent, to settle at 57,960.09. Nifty rose 129 points, or 0.76 per cent, to 17,080.70.…

Shares of four companies Angel One, Crisil, Indraprastha Gas (IGL) and Dwarikesh Sugar Industries will turn ex-dividend on Friday. Two stocks Artemis Electricals and Projects and Avance Technologies will turn ex-split while Godawari Power…

Initial filings for unemployment insurance ticked higher last week but remained generally low in a tight labor market.Jobless claims for the week ended March 25 totaled 198,000, up 7,000 from the previous period and a bit higher than the…

U.S. Secretary of Transportation Pete Buttigieg looks at an EVgo charging station during an electric vehicles event outside of the Department of Transportation October 20, 2021 in Washington, DC.Drew Angerer | Getty ImagesEV charging…

Shares of Max Financial Services will be in focus in Friday’s trade as brokerage Emkay Global has assigned a target price of Rs 850 apiece. This amounts to an upside of 36% to Wednesday’s closing price of Rs 626.95 on BSE. The midcap…

Maruti Suzuki India and Tata Motors have been in the automobile space for a long and are among the country's top carmakers. In terms of share price, Maruti has slipped 1.40 per cent so far this year a 5.24 per cent. On the other hand, Tata…

Shares of Vedant Fashions will be in focus on Friday after financial services firm Motilal Oswal initiated coverage on the ethnic wear firm. It assigned a buy call to the company with a 27% upside at Rs 1,400. The stock closed at Rs…

The New York Stock Exchange welcomes Planet (NYSE: PL), on Wed. Dec. 8th, in celebration of its listing. To honor the occasion, Will Marshall, Co-Founder & CEO, and Robert Schingler Jr., Co-Founder & Chief Strategy Officer, joined…

A total of 37 companies looking to raise nearly Rs 52,060 crore let their approval lapse in FY23; a dozen companies looking to raise Rs 10,386 crore withdrew their offer document while Sebi returned the offer document of a further nine…

Shares of Torrent Power Ltd have surged 8.98 per cent in two consecutive sessions. The stock settled 4 per cent higher at Rs 531.40 on Wednesday. Geojit Financial Services has given a 'Accumulate' call on the counter with a target price of…

Fundraising via initial public offers (IPO) more than halved to Rs 52,116 crore in FY23 from a record high of Rs 1,11,547 crore in FY22, with LIC alone accounting for 39 per cent of total funds raised by corporates this year. "Rs 20,557…