Business

The country’s top three mutual funds including SBI Mutual Fund, ICICI Prudential Mutual Fund and HDFC Mutual Fund were seen lapping up beaten-down and underperforming stocks in February when the benchmark equity index BSE Sensex slipped…

Shares of Tata Steel are trading nearly 30% higher to their 52-week low hit last year. The metal stock reached an intraday high of Rs 106.80 in the current trading session against the 52 week low of Rs 82.71 it hit on June 23, 2022,…

Shares of Va Tech Wabag, a key counter from Rekha Jhunjhunwala's portfolio, rallied as much as 5 per cent during the trading session on Friday after the company announced its foray into Bangladesh. The pure-play water technology…

Shares of Jubilant Pharmova rebounded sharply in Friday's trade on BSE amid heavy volumes. The stock surged 11.33 per cent to hit a day high of Rs 309.50 over its previous close of Rs 278. Around 67,000 shares changed hands today on BSE,…

Shares of Tata Consultancy Services (TCS) extended their fall for the seventh straight session in Friday's trade after the IT major, in a surprise move, announced a change in its leadership. In an exchange filing, TCS said its CEO Rajesh…

Tata Consultancy Services (TCS) CEO Rajesh Gopinathan's unexpected exit has surprised many on Dalal Street, as he led the IT major for just six years and was expected to continue for the long term given his age (52 years). Under Gopinathan,…

Indian benchmark indices snapped the five-day losing streak and managed to post mild gains at the end. The 30-share pack BSE Sensex advanced 78.94 points, or 0.14 per cent, to 57,634.84 and NSE's Nifty50 added 13.45 points, or 0.08 per…

Mutual fund (MF) houses were seen buying stakes in many Tata group companies in February, including Tata Motors, Steel, Tata Steel, Tata Chemicals and Titan Company, data compiled by PRIME Database suggests. They were seen trimming stakes…

A strong rebound by financials helped Wall Street's main indexes close firmly positive on Thursday, after some of the country's largest lenders came to the rescue of embattled First Republic Bank. The technology sector also contributed to…

In this photo FedEx logo is seen in Washington D.C., United States on February 16, 2023.Celal Gunes | Anadolu Agency | Getty ImagesFedEx on Thursday hiked its full-year earnings forecast as it said cost-cutting measures offset continued…

U.S. Federal Reserve Chair Jerome Powell responds to a question from David Rubenstein (not pictured) during an on-stage discussion at a meeting of The Economic Club of Washington, at the Renaissance Hotel in Washington, D.C., U.S, February…

Nearly four years ahead of the completion of his tenure, Tata Consultancy Services Ltd chief Rajesh Gopinathan resigned to "pursue his other interests" and will be replaced by company veteran K Krithivasan. Under his leadership, TCS shares…

Bollywood actor Arshad Warsi has moved Securities Appellate Tribunal (SAT) challenging Securities and Exchange Board of India's (Sebi) order to bar 45 entities, including him and his wife Maria Goretti, from securities market for allegedly…

European Central Bank (ECB) President Christine Lagarde announces a new monetary policy decision.Frederick Florin | Afp | Getty ImagesThe European Central Bank on Thursday announced a further rate hike of 50 basis points, signaling it is…

Shares of Life Insurance Corporation of India (LIC) on Thursday extended their fall for the eighth consecutive session. The stock slipped 0.87 per cent to close at Rs 572.65. The counter has lost 6.96 per cent in the last eight sessions and…

It was a tug of war between the bulls and the bears at Dalal Street on Thursday, in which the former ones emerged victorious over the latter ones after a volatile trading session. Indian Benchmark indices snapped the five-day losing streak…

Shares of private lender YES Bank extended their losing run for the seventh straight session on Thursday. The stock fell 3.12 per cent to settle at Rs 14.89 over its previous close of Rs 15.37. At today's closing level of Rs 14.89, the…

Shares of Indraprastha Gas Ltd (IGL) were in focus today after financial services firm Motilal Oswal reiterated its sell call for the energy major with a target price of Rs 340. The fresh target price is 19% lower to the previous close of…

Select stocks including SRF, Welspun Corporation, Go Fashions (Go Colors), Voltamp Transformers and Latent View Analytics have found a 'buy' rating from the host of brokerage firms, who have initiated coverage on that particular…

Zee Entertainment shares rose 7% on Thursday on report that the media firm agreed to pay IndusInd Bank's dues and the lender is likely to withdraw insolvency case against it. The settling of dues of about $10 million to the lender could…

New age companies including One97 Communications (Paytm), PB Fintech (Policy Bazaar), Zomato and FSN E-Commerce Venture (Nykaa) were once among the top retail darlings. These startup stocks, which were listed in late 2021 have taken a big…

Shares of Reliance Industries have tanked nearly 9% in the last six sessions, making investors jittery about the prospects of the large cap stock. Reliance Industries shares, which closed at Rs 2,417.55 on March 8, hit a fresh 52-week low…

Foreign brokerage JPMorgan said Reliance Industries' forthcoming annual general meeting (AGM) may set the roadmap for Jio Financial Services (HFS). The brokerage said while it does do not see listings of the consumer business this year or…

Amid the ongoing uncertainty in the domestic equity market, high-dividend yield stocks could be another option to get regular income. Latest report by Axis Securities showed that billionaire Anil Agarwal-led Vedanta delivered a dividend of…

Shares of Hi-Tech Pipes will trade ex-split on Friday, March 17. The company has announced its record data for the sub-division of equity on March 3. It has amended its share capital and Memorandum of Association (MoA) accordingly.The…

Shares of Adani Green Energy hit upper circuit of 5% in early trade today amid weakness in broader markets. The stock opened 3.65% higher at Rs 768 today. Market cap of the clean energy firm rose to Rs 1.23 lakh crore. Adani Green Energy…

Sensex and Nifty closed lower in the previous session amid weak global cues. Sensex dropped about 920 points from day's high on March 15. It settled 344.3 points or 0.6 per cent at 57,555.9 and Nifty50 plunged 71.2 points or 0.4 per cent…

Shares of Adani Enterprises Ltd , Adani Green Energy, Adani Ports, Adani Wilmar and Adani Transmission will be in focus today as these Adani Group firms bucked the trend in the previous session. The Indian market ended lower in the…

The Marriner S. Eccles Federal Reserve Board Building in Washington, D.C.Sarah Silbiger | ReutersThe Federal Reserve's digital payments system, which it promises will help speed up the way money moves around the world, will debut in…

Shantanu Narayen, CEO of Adobe, attends a media event in Mumbai on May 3, 2017.Abhijit Bhatlekar | Mint | Hindustan Times | Getty ImagesAdobe shares rose 5% in extended trading on Wednesday after software maker announced fiscal…