Business

Photo illustration, the Silicon Valley Bank logo is visible on a smartphone, with the stock market index in the background on the personal computer on March 14, 2023, in Rome, Italy.Andrea Ronchini | Nurphoto | Getty ImagesGoldman Sachs on…

Federal Reserve Chair Jerome Powell testifies before the Senate Banking Committee March 7, 2023 in Washington, DC.Win Mcnamee | Getty ImagesMarkets have changed their mind — again — about what they think the Federal Reserve will do next…

A customer looks over merchandise at a store on March 14, 2023 in Miami, Florida.Joe Raedle | Getty ImagesWholesale prices posted an unexpected decline in February, providing some encouraging news on inflation as the Federal Reserve weighs…

Shares of Hero MotoCorp and TVS Motor Company were off to a bumpy start so far this year. Hero MotoCorp has slumped 12.44 per cent on a year-to-date (YTD) basis, underperforming the benchmark BSE Sensex's 5.90 per cent decline in 2023 so…

It was another session of U-turn by the benchmark equity indices, which opened with strong gains but settled with big cuts on Wednesday, slipping to their five-month lows. Headline indices settled in the red for fifth straight session as…

Shares of Adani Enterprises rose sharply in Wednesday's trade, pausing their downward trend of four consecutive sessions amid volatile bouts. The stock climbed 8.83 per cent to hit a day high of Rs 1,891.10 over its previous close of Rs…

Spencer Platt | Getty Images News | Getty ImagesGerman automaker BMW on Wednesday set out targets to slightly increase margins for its automotive segment and raise deliveries this year, as it pushes ahead with the rollout of its electric…

Shares of Tata Steel, Jindal Steel and JSW Steel are among the key picks in the Indian metal sector. Investors are likely to add more metal stocks in their portfolios as economic data in China is showing signs of recovery. Manufacturing…

Shares of Paytm -- One 97 Communications -- have always been closely monitored ever since the digital payments major made a high-profile debut on the stock exchanges in November 2021 only to see its valuations crash in the public markets –…

Moody's Analytics chief economist Mark Zandi thinks the Federal Reserve is unlikely to raise interest rates at its March meeting as there is a "boatload of uncertainty" around the recent bank failures.The financial turmoil of the past few…

Shares of PNC Infratech rallied as much as 5 per cent during the early trading session on Wednesday after the company emerged as the lowest bidder (L1) for the national highway project between Varanasi and Kolkata, connecting Ranchi. PNC…

Shares of Reliance Industries fell for the fifth straight session to hit their fresh one-year low level in Wednesday's trade. The stock today slipped 2.13 per cent to touch a day low -- also its 52-week low -- of Rs 2,228 against a previous…

Shares of the Tata Group’s metal arm Tata Steel have underperformed their peers since January last year. The Tata Steel stock is trading at a discount of 2.5% compared to the high of Rs 111.15 on December 31, 2021. However, the BSE metal…

Shares of three Adani Group companies -- Adani Total Gas, Adani Transmission and Adani Power -- slipped to their lower price bands for the second consecutive session on Wednesday. The weakness in a majority of Adani stocks came despite the…

Shares of Balu Forge Industries jumped more than 11 per cent during the early trade on Wednesday after the company bagged an order to supply powertrain sub-assemblies from a tractor manufacturer based out of the Middle East. However, it did…

Shares of RailTel Corporation of India Ltd rose sharply in early trade on Wednesday after the company declared that it has received a work order from the Centre for Development of Advanced Computing (C-DAC) worth around Rs 288 crore.…

Bulls attempted another comeback on Dalal Street amid the conducive global cues. Asian stocks rallied sharply during the early trade, whereas US Stocks settled higher during the overnight trade, thanks to a rebound in banking shares and…

Bears continued to dominate the Dalal Street on Tuesday as benchmark indices settled lower for another session amid the global weakness. BSE Sensex dropped 337.66 points, or 0.58 per cent, to 57,900.19 while NSE's Nifty50 plunged over 111…

Allcargo Logistics: The ex-date for interim dividend of the Mumbai-based logistics company is on March 15. The Board of Directors of Allcargo Logistics Limited at its meeting held on March 6, 2023 approved the declaration of an interim…

US stocks bounced back on Tuesday as largely on-target inflation data and easing jitters over contagion in the banking sector cooled expectations regarding the size of the rate hike at the Federal Reserve's policy meeting next week. All…

Inflation rose in February but was in line with expectations, providing a key input into whether the Federal Reserve continues to raise interest rates.The consumer price index increased 0.4% for the month, putting the annual inflation rate…

Dominance of bears continued at Dalal Street as benchmark equity indices settled lower for another session on Tuesday. For the day, BSE Sensex dropped about 338 points to settle at 57,900 mark, whereas NSE's Nifty declined 111 points to…

Shares of Bajaj Finance Ltd fell for the fifth consecutive session today, leaving investors jittery in a volatile market. The Bajaj Finance stock, which closed at Rs 6,136.20 on March 6 fell to an intraday low of Rs 5,720 in the current…

The combined market capitalisation of midcap and smallcap stocks listed on the NSE plunged by Rs 5 lakh crore amid the ongoing selloff in the domestic equity market in 2023. Data available with Ace Equity showed that the total market…

The collapse of Silicon Valley Bank (SVB) has shaken-up the financial and tech circles across the globe. Other lenders including Signature Bank, First Republic Bank, etc also have felt the severe jolts. Aftershocks were felt even in Asia as…

US stock index futures rose on Tuesday after a volatile session amid fears of fallout from the collapse of Silicon Valley Bank, while investors awaited an inflation report that could determine whether the central bank will pause its rate…

Shares of Cipla Ltd fell to their fresh 52-week low today amid a media report that stated the Income Tax Department was investigating drugmaker Cipla on charges of tax violations and tax avoidance. The I-T department was investigating…

Shares of Voltamp Transformers Limited have zoomed over 600 per cent in the last 10 years. The multibagger stock is up over 130 per cent in the last two years. However, it is currently down over 27 per cent from its 52-week high of Rs…

Divgi TortTransfer Systems had a decent debut at Dalal Street on Tuesday as the counter listed at a mild premium. However, the stock saw some strong profit booking after initial gains, before turning flat in the afternoon session during its…

At least 14 popular stocks from the large cap and midcap segments have scaled their fresh 52-week low levels amid the ongoing volatility in the domestic equity market in March. Data showed that players including Reliance Industries, Page…