Business

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…

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…