Business

Rally in stocks on the final day of the week helped markets to close the week in green terrain as investors opted to buy beaten-down but fundamentally strong shares after recent hammering. The market got a boost after comments from a…

The ten listed Adani Group firms saw their combined market capitalisation climb a whopping Rs 1.73 lakh crore in the past four trading sessions till March 3. The stocks were in news amid reports of Adani securing a $3-billion loan earlier…

Broking firms have come out with updates on a handful of companies. They included Sonata Software, Axis Bank, Siemens, IDFC First Bank, and Finolex Industries. Analysts remained optimistic about Sonata's largest acquisition while they saw…

The initial public offer (IPO) of Divgi TorqTransfer Systems (DTTS) received bids for 2,08,87,225 shares as against 38,41,800 shares on offer, according to stock exchange data at 17:30 IST on Friday (3 March 2023). The issue was subscribed…

Domestic equity markets went off on a flight on Friday as benchmark indices rallied sharply on the back of firm global and domestic cues. Dalal Street investors went richer by Rs 4 lakh crore during the trading session as BSE Sensex and…

Indian equity benchmarks rose sharply and returned to positive territory on Friday after recording a decline in the previous session. The domestic indices surged today, led by gains in state-run banks, metals, financials and energy stocks.…

Public sector banks (PSBs) have reported a strong set of financial numbers in the nine months ended December 31, 2022, with the combined net profit of 13-listed PSUs surging 43.90 per cent YoY to Rs 70,887.8 crore during April-December 2022…

It was a fantastic Friday on Dalal Street as Sensex zoomed over 1008 points to hit a day's high of 59,967.04 and Nifty also jumped 300 points to hit a day's high of 17,644.75. The domestic benchmarks were on a roll led by gains in SBI,…

Divgi TorqTransfer Systems, whose Rs 412 crore initial public offering (IPO) closes today, sailed through on the last day of the bidding process. The issue majorly attracted the retail bidders, whose portion sailed through on the day two…

Legendary investor Rakesh Jhunjhunwala, who passed away in August 2022, had immense faith in India's private sector banks and he picked Federal Bank as his biggest pick from the sector. He has stayed invested in the Kerala-based lender for…

Domestic stocks rose sharply in Friday's trade, led by gains in banks, metals, financials and energy stocks. The BSE Sensex rose over 800 points while the NSE barometer Nifty hit above-17,550 level. At 1.12 pm, the 30-pack Sensex was up 804…

Elon Musk, Tesla CEO, on a stage at the Tesla Gigafactory in Grünheide, Germany.Picture Alliance | Picture Alliance | Getty ImagesTesla recently announced a strategy shift away from Europe as it seeks to benefit from unprecedented subsidies…

Shares of State Bank of India Ltd (SBI) rose sharply in Friday's trade a day after news agency Reuters, citing sources, reported that the state-run lender may lower its stake in Yes Bank after a lock-in period, ending March 13, 2023. The…

Actor Arshad Warsi on Thursday tried to clear the air on Sebi imposing market ban on him and his wife for share price manipulation through misleading YouTube videos and said "my knowledge about stocks is zero". "Please do not believe…

YES Bank Ltd will soon complete three years of its rescue plan that saw a SBI-led consortium of lenders acquiring stakes in the private lender at Rs 10 a piece. Reports have already emerged that SBI was looking to cut stake in the lender…

Shares of UCO Bank Ltd rose sharply in Friday's trade amid heavy volumes. The stock jumped 8.02 per cent to hit a day high of Rs 28.03 over its previous close of Rs 25.95. Around 41.42 lakh shares changed hands today on BSE, which was…

Shares of Adani Enterprises extended their gains for the fourth straight session in Friday's trade. The stock jumped 11.09 per cent to hit a day high of Rs 1,784.95 over its previous close of Rs 1,606.70. At today's high price of Rs…

Five private and public sector banks were among top March picks of Axis Securities and ICICIdirect. The two brokerages see an up to 43 per cent upside in these banking names in the coming months. Here's what they said on the lender’s…

Domestic stocks are likely to open sharply higher on Friday, thanks to a strong momentum in global markets. US Stocks settled sharply higher overnight. Asian markets also witnessed a strong opening, thanks to a lesser hawkish commentary…

Miami, Florida, Coral Gables Shops at Merrick Park, Nordstrom Department Store with shopper entering. Jeff Greenberg | Universal Images Group | Getty ImagesNordstrom on Thursday reported lower sales and profits for the holiday quarter,…

People shop at Kohl's department store amid the coronavirus outbreak on September 5, 2020 in San Francisco, California.Liu Guanguan | China News Service | Getty ImagesKohl's on Wednesday posted a big, surprising loss and a sales decline of…

A Lowe's Home Improvement Warehouse worker collects carts in a parking lot on August 17, 2022 in Houston, Texas. Brandon Bell | Getty Images News | Getty ImagesLowe's on Wednesday reported fiscal fourth-quarter sales that fell short of Wall…

Polestar 3Courtesy: PolestarSwedish electric vehicle maker Polestar cut its annual net losses in half last year, while revenue surged and it attempted to set itself apart from other EV startups.The company on Thursday reported an 84%…

Customers shop at a Best Buy store on August 24, 2021 in Chicago, Illinois.Scott Olson | Getty ImagesBest Buy on Thursday reported holiday-quarter earnings and revenue that topped Wall Street's expectations, as waning demand for consumer…

GQG Partners, a leading US-based global equity investment boutique, on Thursday bought shares worth Rs 15,446 crore ($1.87 billion) in Adani Group firms like Adani Ports and Special Economic Zone Limited, Adani Green Energy Limited, Adani…

People wait in line to enter Macy's department store during Black Friday in New York City on November 25, 2022.Yuki Iwamura | AFP | Getty ImagesMacy's shares surged Thursday, as the company said it drew holiday shoppers looking for gifts…

People wait in line to enter Macy's department store during Black Friday in New York City on November 25, 2022.Yuki Iwamura | AFP | Getty ImagesMacy's shares surged Thursday, as the company said it drew holiday shoppers looking for gifts…

The ripple effect of Adani-Hindenburg row is being felt among hedge funds with the Managed Funds Association (MFA), the global hedge fund industry trade body, suggested in a letter to Britain's HM Treasury that it should dispense with how…

Indian equity benchmarks returned to negative territory on Thursday after recording a rebound in the previous session. The domestic indices were dragged by technology, banks, financials and automobile stocks. The 30-share BSE Sensex pack…

Shares of private setor lender Yes Bank Ltd fell sharply in Thursday's trade amid heavy volumes. The stock came under intense selling pressure after news agency Reuters, citing sources, reported that the State Bank of India (SBI) may lower…