Business

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…

Shares of Adani group flagship Adani Enterprises tanked 7 per cent while five other group stocks hit their 5 per cent lower circuit limits on Tuesday amid a report by The Ken that raised questions about whether the group actually repaid…

Shares of Brigade Enterprises Ltd were in focus today after brokerage Geojit initiated coverage on the real estate player with an ‘accumulate’ call. Geojit sees 15% upside in the realty stock and has assigned a target price of Rs 537…

JG Chemicals has received final observations from the capital markets regulator Sebi to launch its initial public offering (IPO). The Kolkata-based Zinc Oxide manufacturer filed its draft red herring prospectus (DRHP) with Sebi in January…

Shares of Adani Enterprises fell sharply in Tuesday's trade, extending their fall for the fifth consecutive session. The stock dived 8.72 per cent to hit a day low of Rs 1,573 over its previous close of Rs 1,723.30. Today's sharp movement…

Shares of Sterlite Technologies Ltd (STL) were trading lower in the afternoon session today even as the global optical and digital solutions player said it has inked a business transfer agreement to sell its telecom products and software…

Shares of GRM Overseas have rallied 2,155% in the last three years. The small cap stock, which closed at Rs 8.27 on March 27, 2020 rose to a high of Rs 186.50 on the BSE today. An amount of Rs 1 lakh invested in the shares of GRM Overseas…

Selling in shares of Bandhan Bank intensified, with the stock falling 8 per cent to hit a fresh 52-week low in Tuesday's trade, even as the BSE Bankex constituents were trading mostly flat. With this, the scrip has taken its losing streak…

Paras Defence shares rose after six days of consecutive fall today after the company said it has secured regulatory license for establishing an industrial undertaking to manufacture certain industrial items. Shares of Paras Defence gained…

Domestic equity indices opened higher on Tuesday, tracking the firm global cues but mixed sentiments from the US stocks weighed on trader's sentiments. However, headline indices trimmed their gains as the session progressed amid the…

Domestic equity markets settled higher on Monday, snapping the two-day losing streak. However, fag-end selling dragged the markets lower and trimmed the gains of headline peers. Uncertainty across the globe weighed on traders' sentiments.…