Business

Shares of SpiceJet rose sharply in Friday's trade after the budget carrier reported a nearly five-fold surge in third-quarter profit (Q3 FY23). The stock jumped 15.28 per cent to hit a day high of Rs 40.75 over its previous close of Rs…

Auto component manufacturer Divgi TorqTransfer Systems' initial public offering would open for subscription on March 1, 2023. The three-day initial share sale would conclude on March 3. Anchor investors can place their bids on February 28.…

Shares of Sanofi India gained 5% today after the firm reported a 44.80% rise in net profit for the December quarter. Net profit rose to Rs 131 crore against Rs 90 crore profit in the corresponding quarter of previous fiscal. However,…

PB Fintech rallied 9 per cent in Friday's trade, taking its 5-day gains to 18 per cent. The stock has been gaining of late, as the management seemed optimistic over its guidance on profitability. The company management had guided around Rs…

Shares of Zee Entertainment Enterprises climbed in Friday's trade, halting their losing run for four consecutive sessions. The stock turned positive after the National Company Law Appellate Tribunal (NCLAT) stayed an order passed by the…

Shares of Mahindra CIE Automotive climbed 12 per cent in Friday's trade following an in-line set of quarterly results. The auto component supplier reported a 152.63 per cent YoY jump in consolidated net profit at Rs 194.83 crore for the…

The BSE500 index, which has nine Adani group stocks as index constituents, largely underperformed the BSE Sensex (no Adani group constituent) since January 24, the day Hindenburg Research came out with its scathing report on Adani group.…

People shop near prices displayed in a supermarket on February 13, 2023 in Los Angeles, California. Mario Tama | Getty Images News | Getty ImagesOECD Secretary-General Mathias Cormann said the global economic outlook is "slightly brighter"…

Shares of Olectra Greentech rose sharply in Friday's trade after the company announced its hydrogen bus in technical partnership with Reliance Industries. The stock jumped 20 per cent to hit an upper price band of Rs 482.45 over its…

Not many on the Dalal Street would have anticipated the fallout of Hindenburg Research January 24 report, which the Adani group said was triggered purely due to selfish motives, to be as severe as it has turned out for the group shares.…

Indian benchmark indices opened higher today amid mixed global cues. Sensex opened 254 points higher at 59,859 and Nifty gained 80 points to 17591. The market capitalisation of BSE-listed firms rose to Rs 261.38 lakh crore. Bajaj Finance,…

Shares of garments maker Vinny Overseas, which have rallied 127 per cent in 2023 so far, 317 per cent in last three months and a whopping 410 per cent in last one year, would turn ex-bonus and ex stock split today. The multibagger stock…

Domestic stock indices are likely to open on a positive note after five straight days of fall. Asian markets were trading mixed despite a higher closing for US stocks overnight. All eyes would be on rupee-dollar exchange rate and oil…

Wall Street ended a topsy-turvy Thursday in positive territory, with the S&P 500 snapping a four-session losing streak, as investors grappled with how interest rate policy might affect the US economy. Stock markets have been volatile…

Twitter CEO Jack Dorsey addresses students during a town hall at the Indian Institute of Technology (IIT) in New Delhi, India, November 12, 2018.Anushree Fadnavis | ReutersBlock stock rose nearly 8% in extended trading after the payments…

Vegetarian sausages from Beyond Meat Inc, the vegan burger maker, are shown for sale at a market in Encinitas, California, June 5, 2019.Mike Blake | ReutersBeyond Meat on Thursday reported a narrower-than-expected loss for its fourth…

Pedestrians walk past a street commercial advertisement billboard from Warner Bros and DC comics character, The Batman, movie in Madrid.Miguel Candela | SOPA Images | Lightrocket | Getty ImagesWarner Bros. Discovery on Thursday posted a…

National Stock Exchange (NSE) on Thursday removed Zee Entertainment Enterprises Ltd from the futures & options (F&O) segment. Zee has been shortlisted under Insolvency and Bankruptcy Code (IBC) framework. "No fresh month contracts…

Life Insurance Corporation of India became ripe material for criticism on social media on Thursday as the state-owned insurer's investments in Adani Group firms' stocks have turned negative. AIMIM chief and Lok Sabha MP Asaduddin Owaisi…

A vial of the Moderna coronavirus disease (COVID-19) booster vaccine targeting BA.4 and BA.5 Omicron sub variants is pictured at Skippack Pharmacy in Schwenksville, Pennsylvania, September 8, 2022.Hannah Beier | ReutersModerna on Thursday…

Shares of Hero MotoCorp Ltd traded lower on Thursday, extending their fall for the sixth straight session. The stock shed 0.17 per cent today to settle at Rs 2,495.90. The counter has lost 10 per cent in the past one month and 8.14 per cent…

Alibaba said it is working on a rival to ChatGPT, the artificial intelligence chatbot that has caused excitement across the world. Alibaba said its own product is currently undergoing internal testing.Kuang Da | Visual China Group | Getty…

Qantas CEO Alan Joyce says he expects the airline to see a full return to pre-Covid capacity in 2024."We're confident that we'll get back ... 100% of our pre-Covid international capacity, and well over 100% for our domestic capacity," Joyce…

Life Insurance Corporation of India (LIC), the biggest domestic institutional investor, has witnessed an enormous notional loss of Rs 49,728 crore on its investments in the Adani group stocks. The combined market value of LIC’s investments…

Indian equity benchmarks traded lower on Thursday, extending their losing run for the fifth straight session amid a volatile day. The domestic indices were dragged by consumer durables and financials. Investors worried that central banks…

Shares of state-run UCO Bank jumped more than 5 per cent in Thursday's trade, extending their gains for the second consecutive session. The stock surged 5.11 per cent to hit a day high of Rs 25.70 over its previous close of Rs 24.45. At…

Shares of logistics services firm Delhivery rose over 4% in the current trading session a day after American investment management firm Tiger Global Management offloaded 1.7% stake through the open market for Rs 414 crore. In the last…

Banking stocks have failed to perform so far in 2023 despite robust credit growth and improving asset quality. The impact of the Adani crisis is also visible on the banking pack as some of the PSU bank stocks have corrected significantly…

After gaining more than 125 per cent in the past three years till December 2022, the BSE Power index came under severe pressure in the past one month due to heavy selling in the Adani group of stocks since January 24. Adani Green Energy,…

Shares of Vinny Overseas hit their all-time high today, extending their rally for the seventh consecutive session ahead of their ex-bonus and ex-split date on February 24. Vinny Overseas stock gained 4.77% intraday to Rs 336 against the…