Business

Shares of GR Infraprojects jumped more than 8 per cent during the early trading session on Thursday after the company emerged as the lowest bidder (L-1 bidder) for a couple of orders exceeding Rs 4,500 crore in two states of India. The…

From a sub-Rs 7 lakh crore to near Rs 10 lakh crore-mark, the combined market capitalisation (m-cap) of Adani group companies has recovered sharply, thanks to recent steps taken by the Gautam Adani-led group to allay investor concerns over…

Shares of country’s largest lender State Bank of India (SBI) are expected to give 39% returns in a year, says a report by financial services firm Motilal Oswal. In the last one year, the SBI stock has gained 7% compared to a minor return of…

Benchmark indices extended gains for the second straight session on Wednesday amid a choppy trading session. However, the gains were capped ahead of the US FOMC policy outcome, which kept the traders on the tenterhooks. Sensex added 139.91…

The two-day offer for sale (OFS) by Hindustan Aeronautics (HAL) will kick off on Thursday. Shares of Mishra Dhatu Nigam (Midhani) will turn ex-dividend today. The boards of Power Finance Corportion (PFC) and Indraprastha Gas (IGL) will…

Shares of Paytm's parent, One 97 Communications Ltd, extended their gains for the second straight session on Wednesday. The stock today settled 6.87 per cent higher at Rs 624.55. It has jumped 11.68 per cent in two consecutive days.…

Shares of HCL Technologies on Wednesday extended their fall for the third consecutive session. The stock today settled 0.26 per cent lower at Rs 1,081.20. Around 36,000 shares changed hands today on BSE, which was half compared to the…

Mukesh Ambani, 65, emerged as the ninth richest person in 2023 M3M Hurun Global rich list, beating Gautam Adani, 61, hands down, even as shares of its flagship Reliance Industries fell sharply in the last one year. Ambani was worth $82…

US Federal Reserve looks set to announce a 25 basis points rate hike in the next couple of hours, following a 50 basis points rate hike by ECB last week. The policy outcome and, more so, commentary on the US banking sector would matter a…

Shares of online food aggregator Zomato have slipped around 12 per cent in 2023 so far. Yet, brokerages suggested a sharp upside potential upside on the counter over a one-year period. HSBC Global Research has maintained a 'Buy' rating for…

On the back of firm global cues, benchmark equity indices were able to extend their gains for the second straight session on Wednesday amid a choppy trading session. However, the gains were capped ahead of the US FOMC policy outcome, which…

Terran Orbital, a specialist in manufacturing small satellites, reported fourth-quarter results on Tuesday, with annual revenue nearing $100 million as it continued to build its order backlog.For the full year of 2022, Terran Orbital…

Shares of Raj Rayon Industries Ltd have logged stellar returns for investors in the last one year. Raj Rayon Industries shares, which closed at Rs 1.55 on March 22, 2022 hit a high of Rs 73.10 on March 22, translating into gains of 4,616…

Chinese automaker Geely beat revenue expectations for 2022, sending shares surging Wednesday.Shares of Geely spiked as much as 7%, before settling down to trade nearly 3% above its previous close.Geely reported its 2022 revenue surged 45.6%…

Shares of Hindustan Zinc rose sharply in Wednesday's trade after declaring an interim dividend of Rs 26 per share. The stock surged 4.77 per cent to hit a day high of Rs 325.25 over its previous close of Rs 310.45. The company board has…

Shares of Sonata Software climbed over 5 per cent in Wednesday's trade after the IT firm said it signed its largest-ever contract with a total contract value (TCV) of $160 million with a US-based consumer retail company. Sonata will be…

Shares of steel-maker JSW Steel have shed multibagger tag since the last three years, making investors jittery about the prospects of the large cap stock. JSW Steel stock has delivered 276% and 132% returns for its shareholders in the last…

Fugitive diamantaire Mehul Choksi, wanted in the $2 billion Punjab National Bank fraud, is in the news once again after the Interpol lifted the red corner notice against him.   While the Central Bureau of Investigation (CBI) has asked the…

Shares of Nazara Technologies have bagged a buy call from ICICI Securities with a target price of Rs 700, a 44 per cent upside from the current levels. Interestingly, the gaming tech firm’s stock has slipped 70% from its all-time high level…

Shares of Sobha Ltd fell sharply in Wednesday's trade, extending their fall for the third consecutive session. The stock declined 5.39 per cent to hit a day low of Rs 491.40 over its previous close of Rs 519.40. Today's sharp movement in…

Shares of Mahindra and Mahindra (M&M) gained after two days of fall in the current session as the auto major was in advanced talks with global investors to raise $1-1.3 billion by selling shares in its electric vehicles (EV) unit. The…

State Bank of India (SBI) is a consensus buy with 31 'strong buy' calls, six 'buy' calls, one 'Hold' and no sell recommendation. Post its meeting with SBI Chairman Dinesh Kumar Khara, Motilal Oswal Securities has come out with an update on…

There are roughly four developments that historically helped the domestic stock market reach bottom post credit events. They included easing of valuations, a sharp plunge in US 10-year yields from high, large rate cuts by the US Fed and…

Nike easily beat Wall Street's expectations for its holiday quarter earnings and revenue, though its bloated inventory continued to weigh on its margins and China sales fell short of expectations.Nike, like other retailers, has been in the…

A GameStop store operates in a strip mall on March 16, 2023 in Chicago, Illinois.Scott Olson | Getty ImagesGameStop on Tuesday posted a quarterly profit for the first time in two years, finishing out the year on a high note after grappling…

Dunearn Investments Mauritius Pte, a wholly-owned subsidiary of Singapore's sovereign wealth fund Temasek Holdings, on Tuesday divested a 2.8 per cent stake in restaurant operator Devyani International Ltd for Rs 499 crore through an open…

BofA's March global fund manager survey, which saw participation of 212 fund managers with $548 billion in assets under management, suggests investor sentiment is close to levels of pessimism seen at lows of past 20 years. Systemic credit…

HDFC Asset Management Company (HDFC AMC) jumped 5 per cent on Tuesday, a day after hitting its 52-week low, as SBI Mutual Fund bought a stake in the asset manager via bulk deals. Data showed Adani group investor GQG, which is led by Rajiv…

Shares of Tata Consultancy Services Ltd (TCS) on Tuesday fell for the ninth straight session. The stock slipped below the Rs 3,100 level in intraday deals before settling a bit higher. The scrip today closed 1.12 per cent lower at Rs…

Hindustan Zinc Ltd board on Tuesday approved fourth interim dividend of Rs 26 per equity share for the current fiscal. The dividend of Rs 26 for each share of face value Rs 2 will lead to an outgo of Rs 10,986 crore. The record date for…