Business

Indian equity benchmarks would remain closed today on account of Ram Navami. The equity derivative segment, equity segment, the SLB (Security Lending and Borrowing) segment, the currency derivatives segment and the interest rate derivatives…

Shares of Tata Elxsi turned positive on Wednesday after falling for five straight sessions. The stock rose 0.44 per cent to close at Rs 5,952.30 over its previous close of Rs 5,926.25. Considering the closing level of Rs 5,952.30, it traded…

US stocks rallied on Wednesday, with all three major indexes ending up at least 1% as upbeat outlooks from Micron Technology and other companies eased some worries about the health of the economy. In a sign of potential further strength,…

Markets regulator Sebi will soon introduce fund-blocking facility for secondary market transactions like that being done for initial public offers (IPOs) in a bid to safeguard investors' funds from misuse or brokers’ default and consequent…

Sebi Chairperson Madhabi Puri Buch on Wednesday announced steps to strengthen corporate governance norms, ending practice of individuals having permanent seats at boards of listed companies. The Sebi board approved amendments to the LODR…

At its board meet on Wednesday, capital markets regulator Sebi approved regulatory framework to allow private equity funds to sponsor mutual funds. This decision comes in the backdrop of IDFC Mutual Fund getting acquired by a consortium…

Sebi Chairperson Madhabi Puri Buch on Wednesday said the market regulator would not comment on Adani Hindenburg Report. Addressing the media, Buch said "Elephant in the room is Adani, we don't comment on subjudice matters." She noted that…

Shares of Himachal Futuristic Communications Limited (HFCL Ltd) ended higher today after the firm bagged a Rs 282.61 crore contract from Gujarat Metro Rail Corporation to deploy communication systems for Phase-1of Surat Metro Rail Project.…

A man walks near a Walgreens pharmacy on March 09, 2023 in New York City. Leonardo Munoz | Corbis News | Getty ImagesWalgreens Boots Alliance on Tuesday said its quarterly profit declined more than 20%, driven by sharply lower Covid vaccine…

Indian equity benchmarks on Wednesday settled with decent gains in a volatile trading session, led by gains in state-owned lenders, metals, automobiles and technology stocks. The domestic indices climbed today in line with the global…

Shares of state-owned power producer NTPC ended higher today after NTPC Renewable Energy Limited, a company fully owned by NTPC Green Energy Limited, inked a preliminary agreement with Greenko ZeroC Pvt Ltd, to supply round the clock RE…

A Lululemon sign is seen at a shopping mall in San Diego, California, November, 23, 2022.Mike Blake | ReutersLululemon on Tuesday reported strong holiday-quarter sales, suggesting wealthier shoppers are still purchasing yoga pants and tops…

Shares of Quess Corp rose as much as 11 per cent during the trading session on Wednesday as the company promoters picked up a significant stake in the company by means of a reverse book-building process on the NSE portal. The company…

Analysts on Dalal Street are bullish on select stocks from across the sectors amid the ongoing correction in the domestic equity market. The benchmark equity index BSE Sensex has plunged 1.6 per cent since the beginning of FY23. However,…

Shares of IndusInd Bank are seen rising 50% in a year, according to BofA Securities. However, the stock movement in the future can be impacted by high promoter pledge of the private sector lender. Shareholding pattern data show promoters of…

Shares of ZEE Entertainment Enterprises (ZEEL) jumped 5 per cent in Wednesday's trade after the company settled its dispute with IndusInd Bank over dues. In a filing to BSE, ZEEL said the company and IndusInd Bank have entered into a…

Select portfolio management schemes (PMS) run by ICICI Prudential AMC delivered robust alpha to their high net-worth clients in the past 12-36 months. Data available with PMS AIF World showed that ICICI Prudential PIPE Strategy delivered…

The initial public offering (IPO) of MOS Utility will kick off for subscription on Friday, March 31, 2023, and can be subscribed till Thursday, April 6, 2023. The company will be offering its shares in the range of Rs 72-76 apiece.MOS…

Shares of Cera Sanitaryware have delivered over 1,300 return in the last 10 years. Notably, the multibagger stock has recovered over 77 per cent from its 52-week low of Rs 3,518.60, hit on May 10, 2022. It hit a 52-week high of Rs 6,789.05…

Shares of Shalby surged more than 11 per cent during the early trading session today on the back of multiple news flows about the hospital chain. Seasoned investor Porinju Veliyath acquired a stake in the company, while it was also issued…

Shares of Adani group companies were mostly mixed in Wednesday's trade even as the group refuted a media report claiming the conglomerate had not paid all its loans against promoters' shares, calling it a 'mischievous claim'. Three group…

Dalal Street stocks settled lower on Tuesday in line with global peers. The BSE Sensex shed 40.14 points, or 0.07 per cent, to settle at 57,613.72. Nifty50 fell 34 points, or 0.20 per cent, to 16,951.70 level for the day. Metal stocks…

Wall Street's major indexes lost ground on Tuesday while Treasury yields and gold advanced as investors worried that the US Federal Reserve would keep interest rates higher for longer as fears of further banking sector failures faded.…

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, March 27, 2023.Brendan McDermid | ReutersInvestors are too confident the Federal Reserve will cut interest rates this year and could pay the price later,…

The tug of war continued in Tuesday's trading session as the domestic indices were dragged by automobile, technology and metals. The 30-share BSE Sensex pack slipped 40 points or 0.07 per cent to close at 57,614; while the broader NSE Nifty…

Vedanta on Tuesday declared a fifth interim dividend of Rs 20.50 per share, amounting to Rs 7,621 crore. With this, the Anil Agarwal-led mining giant has announced total dividend of Rs 101.50 per share for FY23 so far. The dividend payments…

Alibaba Group is looking to split into six units and explore fundraisings or listings for most of them, the e-commerce giant said on Tuesday. The revamp of the conglomerate was announced a day after its co-founder Jack Ma returned home…

Stock exchange NSE has sought clarification from Adani Enterprises Ltd over its loan repayment. "The exchange has sought clarification from Adani Enterprises with respect to a recent news item captioned 'The Adani Group wants you to believe…

After recovering sharply since February 27 low, shares of Adani group companies saw 8.23 per cent erosion in market capitalisation (m-cap) in a fresh bout of selling. In the three sessions to Tuesday, the m-cap of Adani group fell Rs 79,980…

Indian equity benchmarks returned to negative territory on Tuesday amid a highly volatile trading session. The domestic indices were dragged by automobile, technology and metals. The 30-share BSE Sensex pack slipped 40 points or 0.07 per…