Business

Shares of Orient Electric Ltd closed over 5% lower today after the electrical goods maker made a major leadership change on March 31, 2023. The company said it has appointed Rajan Gupta as additional director and the Managing Director…

Domestic equity markets kicked off the truncated week with some positivity and settled higher on Monday after a choppy trading session. However, the supply constraints of crude oil prices kept the gains in check but positive global cues…

Tesla Superchargers are seen at a charging station on March 17, 2023 in Beijing, China.Vcg | Visual China Group | Getty ImagesTesla on Sunday posted its first-quarter vehicle production and delivery report for 2023.Here are the key numbers…

Shares of KPIT Technologies took a hit after global brokerage firm JPMorgan initiated coverage on the stock with an underweight (UW) rating and set a target price of Rs 520, indicating a downside of nearly 44 per cent compared with the…

SAMHI Hotels has filed its draft red herring prospectus (DRHP) with market regulator SEBI to launch an initial public offering (IPO). SAMHI Hotels is a Gurugram-based hotel chain, which is backed by Goldman Sachs. The company had previously…

Shares of defence companies like Bharat Electronics Limited (BEL), Bharat Dynamics Limited (BDL), Cochin Shipyard, Goa Shipyard and Data Patterns are in focus after the Ministry of Defence signed multiple contracts worth over Rs 35,000…

Shares of Suryalata Spinning Mills have surged 100% outperforming the broader market in the last two months. The microcap stock, which closed at Rs 300 on February 3 this year was trading at Rs 607 on BSE today, clocking 102% gains in a…

Shares of KPIT Technologies recovered some group on Monday after seeing an 18 per cent selloff earlier in the day after JPMorgan came out with an initiation report on the stock with a price target suggesting 44 per cent potential downside…

Chinese electric car startup Li Auto saw deliveries surge by nearly 66% in the first quarter from a year ago.Zhang Peng | Lightrocket | Getty ImagesBEIJING — Chinese electric car brand Li Auto delivered more cars in March than Xpeng did in…

Shares of two Adani Group companies -- Adani Transmission and Adani Green Energy -- fell sharply to hit their lower price bands in Monday's trade. The weakness in a majority of Adani stocks came after it was reported that market regulator…

A host of midcap and smallcap IT firms are expected to announce their March quarter results this month. Analysts expect a good quarter for tier I IT firms, but they largely prefer tier 1 IT companies now, given attractive valuations,…

Domestic brokerage firms including Axis Securities and SMIFS Research are positive on select stocks including Bharat Electronics (BEL), JK Lakshmi Cement, ICICI Bank, State Bank of India (SBI) and Bajaj Finserv. The brokerage firms…

Shares of Udayshivakumar Infra made a tepid debut at Dalal Street on Monday as the company was listed at a discount of more than 14 per cent over at Rs 30 on the National Stock Exchange (NSE), compared to the issue price of Rs 35. However,…

For Madhabi Puri Buch, the first female chief of the Securities and Exchange Board of India (Sebi), the first year in office has been quite eventful with a slew of policy reforms and key initiatives that many within the regulatory agency…

Shares of Rail Vikas Nigam Ltd (RVNL) rose over 4% in early trade after the state-owned firm said it has won multiple orders worth Rs 721 crore. RVNL stock touched an intraday high of Rs 71.61, rising 4.39% on BSE. Total 8.65 lakh shares of…

Benchmark indices 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 in line with the global markets. Sensex jumped 1,031…

Nifty Bank ended last week at 40,608.65, up 3.08 per cent. During the week, the index traded in a range of 39,273.75-40,690.40 levels. One of the top Nifty Bank gainers for the week was IndusInd Bank. The bank stock jumped 5.78 per cent for…

The coming week will be holiday-shortened as markets will remain closed on April 4 on the occasion of Mahavir Jayanti and on April 7 due to Good Friday. The Reserve Bank of India (RBI) policy decisions will drive the market in the coming…

Snapping a three-week losing streak, Indian equity benchmarks ended this week with a gain of two and a half per cent each tracking firm cues from global markets led by easing concerns around stress in the banking sector and ahead of the US…

A host of dividend-paying companies doled out huge dividends in the last 12 months. Since many of domestic companies have healthy promoter stakes, promoters of such companies too have benefited from liberal dividend payouts, along with…

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…