Business

Shares of Paytm and Zomato were trading in the green territory on BSE in Wednesday's trading session. Paytm stock jumped over 3 per cent to hit a day's high of Rs 615.70, while shares of Zomato were up 2.6 per cent to hit a day's high of Rs…

The initial public offering (IPO) of Divgi TorqTransfer Systems was booked 12 per cent on the first day (Day 1) of issuance. The retail individual investors' (RIIs') category got a 60 per cent subscription, while the non-institutional…

Captain Polyplast has reported a strong performance for the period that ended on December 31, 2022. The micro irrigation player registered a 69 per cent year-on-year (YoY) growth in revenue at Rs 74.5 crore for the December 2022 quarter. It…

Systango Technologies' initial public offering (IPO) is set to hit Dalal Street on Thursday, March 2, 2023. The company is looking to raise Rs 34.82 crore from its SME offering by selling its shares in the range of Rs 85-90 apiece. The…

Shares of Uflex rose sharply in Wednesday's trade, extending their uptrend for the second straight session. The stock jumped 13.58 per cent today to hit a day high of Rs 429.50 over its previous close of Rs 378.15. At today's high price of…

Shares of Adani Enterprises Ltd gained 15% today after the flagship company of the Adani Group said its arm Mundra Aluminium Ltd has been declared as the preferred bidder for the Kutrumali bauxite block by the Odisha government. Adani…

Lesser-known textile player Vinny Overseas has recently installed Epson machines for digital printing in textiles. The textile player has invested a significant number of internal accruals and partial debt from banks to meet the entire…

Federal Bank shares rose over 3% today after global brokerages maintained positive stance on the stock. Federal Bank shares touched an intraday high of Rs 133.05, rising 3.06% on BSE. Market cap of the bank rose to Rs 28,041 crore on BSE.…

Shares of Adani Enterprises have zoomed over 29 per cent in the last two trading sessions. The stock ended 14 per cent higher yesterday and jumped 15 per cent on Wednesday to hit a day's high of Rs 1567 on BSE. Sentiments turned positive…

Adani Enterprises, Adani Ports & SEZ and Adani Green Energy were among stocks that lifted Adani group's combined market capitalisation by Rs 39,000 crore to above Rs 7.50 lakh crore mark in Wednesday’s trade. Shares of Adani Enterprises…

Shares of Vedanta jumped 3 per cent in Wednesday's trade to snap an eight-day losing run. The stock gained after parent Vedanta Resources said it has pre-paid all of its maturities due till March 2023 and has deleveraged balance sheet by $2…

Macro concerns and the Adani saga has weighed on bank stocks, even as their fundamentals remain intact, providing an entry point in the recent correction, brokerage Emkay Global said in its latest note. The broking firm expects March…

Shares of Ujjivan Small Finance Bank (SFB) will turn ex-dividend on Wednesday. Shares of multibagger Jayant Infratech will turn ex-bonus in the ratio of 2:1. SME stock Pulz Electronics will also turn ex-bonus today. Shares of Ujjivan SFB…

An aerial view of carrier aircraft VMS Eve, left, and spacecraft VSS Unity, at Spaceport America in New Mexico on Feb. 27, 2023.Virgin GalacticVirgin Galactic said on Tuesday it remains on track to resume spaceflights in the coming months…

A view of the Norwegian Encore cruise ship during its inaugural sailing from PortMiami, which took place from Nov. 21-24, 2019.Orlando Sentinel | Tribune News Service | Getty ImagesNorwegian Cruise Line shares fell more than 10% on Tuesday…

Rivian electric pickup trucks sit in a parking lot at a Rivian service center on May 09, 2022 in South San Francisco, California. Justin Sullivan | Getty ImagesElectric vehicle startup Rivian Automotive reported mixed fourth-quarter…

Electron rockets undergo preparation for launch.Rocket LabRocket Lab said Tuesday it has doubled its order backlog — from about $241 million in contracts at the end of 2021 to $503.6 million at the end of 2022 — and made progress on the…

The Securities and Exchange Board of India (Sebi) has barred 21 entities, including former chief trader of Axis Mutual Fund Viresh Joshi, from the securities market for alleged front-running activities that saw the fund house sack two of…

Maskot | Maskot | Getty ImagesThe income and wealth gaps between people of color and white households is wide, but state-run retirement programs are attempting to help workers find parity.As many as 67% of private industry workers had…

2023 so far has seen a range of initial public offerings from small and medium-sized companies (SMEs). The momentum in SME IPO space has picked up following the stellar debut of Dronacharya Aerial Innovations, which got listed at a premium…

Shares of Adani Enterprises Ltd ended 24% higher from the day's low today amid a report that said banks led by the State Bank of India (SBI) who were conducting an annual review have decided to maintain status quo on credit limits of the…

Shares of IT major Wipro Ltd ended on a flat note today despite the firm announcing that it would reshuffle its management and business units under four broad categories starting April 1 amid macroeconomic uncertainties and changing client…

Indian equity benchmarks traded lower on Tuesday, extending their losing run for the eighth straight session. The domestic indices were dragged by energy, pharma, technology and metal stocks. Interest rate hike fears, sustained foreign…

Shares of Olectra Greentech Ltd declined 9 per cent in Tuesday's trade after rallying over 39 per cent in the last three sessions. The scrip had been in news after the subsidiary of Megha Engineering and Infrastructures said it would offer…

Shares of Tata Steel Ltd and JSW Steel Ltd are among the major constituents of the metal sector and continue to attract huge interest among investors. While shares of Tata Steel have been consolidating for over a year now, the stock of JSW…

Auto component manufacturer Divgi TorqTransfer Systems' initial public offering (IPO) would open for subscription on March 1, 2023. The three-day initial share sale would conclude on March 3. The IPO comprised a fresh issuance of equity…

Data from AceEquity shows that 93 companies launched their initial public offers (IPOs) in 2022 to raise nearly Rs 57,000 crore. Notably, 2021 proved to be the best ever to date in terms of cumulative fundraising by way of IPOs. For the…

Shares of Optiemus Infracom Ltd gained over 5% today after the firm said its promoter GRA Enterprises Private Limited has released pledge on 35,00,000 equity shares of the company on February 27, 2023. Optiemus Infracom shares gained 5.5%…

After falling steeply in Tuesday morning, many Adani group stocks staged a strong rebound as the session progressed amid a Reuters report that suggested the Gautam Adani-led group was planning to prepay or repay share-backed loans worth…

Shares of Voltas Ltd gained after three sessions of fall today as brokerage Jefferies assigned a buy call to the large cap stock. It maintained its target price of Rs 1050 on the stock, an upside of 18.34% to the previous close. On the…