Business

Shares of Tanla Platforms rose sharply on Thursday after announcing that the company would launch its anti-phishing technology platform -- Wisely ATP -- at the Mobile World Congress (MWC) in Barcelona, Spain, on February 27, 2023. Wisely…

Russia announced that it would cut oil production by 500,000 barrels per day in March after the West slapped price caps on Russian oil and oil products.Picture Alliance | Picture Alliance | Getty ImagesBans and price caps targeting Russian…

Shares of Adani Total Gas on Thursday fell sharply amid highly volatile trade, extending their fall for the 18th consecutive session. The stock today slumped 5 per cent to settle at its lower circuit of Rs 1,024.95 against a previous close…

Domestic benchmark indices erased most of their early gains as the headline peers settled flat on Thursday. However, they managed to settle with gains for the straight third session. Buoyancy was seen in the broader markets for the…

Recent issues, especially those dealing with corporate governance in Indian businesses, will impact investor sentiments in the start-up segment, a report by market research platform, Tracxn has revealed. The report stated: “The recent news…

Sealmatic India (SIL)'s initial public offering (IPO) will open for subscription on Friday, February 17. The Maharashtra-based company is looking to raise Rs 56.24 crore from its initial share sale. The company will be selling its shares in…

Steel Authority of India (SAIL) has been shunned by brokerage firms after the company reported a disappointing performance in the December 2022 quarter. A majority of the brokerages are negative on the PSU metal player, while a few have…

Shares of Tejas Networks extended gains for the second consecutive session amid a rally in market today. Tejas Networks share gained 7.96% to  Rs 638 today amid high volumes traded on the BSE. At 2:15 pm, around 2.62 lakh shares of Tejas…

Shares of budget carrier SpiceJet rose sharply in Thursday's trade amid heavy volumes. The stock jumped 13.35 per cent to hit a day high of Rs 36.50 over its previous close of Rs 32.20. Around 6.56 lakh shares changed hands today on BSE,…

Housing Development Finance Corp raised its target of Rs 25,000 crore in India's largest privately placed corporate bond issue on Thursday, merchant bankers said. "The participation was from across investor categories, LIC (Life Insurance…

Top economist and former Chief Economic Adviser (CEA) Krishnamurthy Subramanian on Thursday said the rise in Adani Group stocks can't be termed as a "the biggest con in history" as alleged by US short seller Hindenburg Research in its…

Shares of PI Industries rose sharply in Thursday's trade after declaring December quarter (Q3 FY23) results. The stock surged 9.27 per cent to hit a day high of Rs 3,410.70 over its previous close of Rs 3,121.25. The company posted a 58.04…

Mutual funds were seen selling shares of KPIT Technologies (KPIT Tech), HCL Technologies, Tech Mahindra, Coforge, Tata Elxsi and Mphasis among other technology stocks in January. They were seen buying shares of TCS, Infosys, Wipro,…

Shares of Integra Essentia jumped 4 per cent during the early trade on Thursday after the company announced plans to acquire Chateau Indage Winery assets near Pune for worth Rs 40 crore. The company is entering the wine business with this…

Operator of India’s largest airline firm InterGlobe Aviation saw a huge block deal in which 1.7 crore shares changed hands today. The deal, which was worth Rs 3,221 crore, involved sale of a 4.4 percent stake in the airline company.…

Nestle India is all set to report its December quarter results today. The FMCG stock has delivered 5.5 per cent return in the last one year in line with the BSE Sensex's 5.65 per cent return. Analysts said one-off expenses in the base…

Global index provider MSCI said it will postpone the reduction of weightages of two Adani group companies namely Adani Total Gas and Adani Transmission to its next index review in May.  On February 8, 2023, MSCI had suggested that it will…

Shares of Adani Wilmar, which are down 56 per cent from their 52-week highs, have potential to test Rs 569 level, said KRChoksey Shares and Securities in a note. The target suggests a 43 per cent potential upside for the Adani group stock…

The S&P 500 ended higher on Wednesday after stronger-than-expected retail sales data offered evidence of resilience in the US economy, but gains were capped as investors worried about more interest rate hikes by Federal Reserve in the…

Bloomberg | Bloomberg | Getty ImagesShares of Zillow popped more than 3% Wednesday in extended trading after the company released fourth-quarter earnings that beat analysts' expectations on top and bottom lines.Here's how the company…

Cisco CEO Chuck Robbins participates in a Bloomberg Television interview at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2023.Hollie Adams | Bloomberg | Getty ImagesCisco shares rose as much as 8% in extended trading on…

A man photographs a Roblox banner displayed, to celebrate the company's IPO, on the front facade of the New York Stock Exchange (NYSE) in New York, March 10, 2021.Brendan McDermid | ReutersShares of Roblox popped 24% Wednesday after the…

Sales at retailers rose far more than expected in January as consumers persevered despite rising inflation pressures.Advance retail sales for the month increased 3%, compared with expectations for a rise of 1.9%, the Commerce Department…

Heinz brand tomato ketchup arranged in the Brooklyn borough of New York, US, on Friday, July 22, 2022. Kraft Heinz Co. is scheduled to release earnings figures on July 27.Gabby Jones | Bloomberg | Getty ImagesKraft Heinz on Wednesday beat…

Shares of Adani Group companies have recovered up to 75 per cent from their recent lows after a scathing report on the conglomerate by US short seller Hindenburg Research. All the 10 publicly-listed Adani stocks have declined up to 75 per…

Shares of Life Insurance Corporation of India (LIC), SBI Life Insurance and HDFC Life Insurance rose on Wednesday, halting their respective two-day fall. Life insurance companies took a sharp hit earlier this month after Union Budget 2023…

IndiGo shareholder Shobha Gangwal, the wife of the airline's co-founder Rakesh Gangwal, is likely to sell 4% stake in the airline on Thursday through a block deal, said a report on Wednesday.  The floor price for the block deal has been…

Domestic benchmark indices staged a smart recovery in the second half of the session and extended its gains for the straight second session on Wednesday. Buying in index heavyweights and positive global cues supported the market sentiments…

Macfos Limited's initial public offering (IPO) will kick off for subscription on Friday, February 17. The Pune-based e-commerce company is looking to mop up Rs 23.74 crore from its initial stake sale. The company will be selling its shares…

Barclays Bank buildingChris Ratcliffe | Bloomberg | Getty ImagesLONDON — Barclays on Wednesday reported a full-year net profit of £5.023 billion ($6.07 billion) for 2022, beating consensus expectations of £4.95 billion but suffering a 19%…