Business

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…

JM Financial has initiated coverage on Adani Ports & SEZ with a 'buy' rating and a March 2024 target price of Rs 800, suggesting a potential 36 per cent upside over the prevailing price. The domestic brokerage said it expects Adani…

A Target department store on June 07, 2022 in Miami, Florida. Target announced that it expects profits will take a short-term hit, as it marks down unwanted items, cancels orders and takes aggressive steps to get rid of extra inventory.Joe…

Shares of Vedanta Ltd plunged 6 per cent in Tuesday's trade, taking their losing run to the eight straight session. The stock fell amid a Business Today Television report that suggested the Centre was upset about Vedanta's proposal to sell…

Bears continued to dominate Dalal Street as domestic equity markets kicked off the week on a sombre note on Monday. The 30-share pack BSE Sensex declined 175.88 points or 0.30 per cent, to 59,288.35 and Nifty50 shed 73.10 points, or 0.42…

February is a seasonally weak month for most auto dealers and analysts noted that there was a slight slowdown in enquiry level, but the retail sales are expected to grow at 8-12 per cent YoY across auto segments. Driven by a healthy uptick…

US stocks eked out a slight gain on Monday as investors engaged in some bargain hunting after last week's losses, the biggest percentage declines of 2023 for Wall Street's main benchmarks, as jitters persisted about coming interest rate…

Zoom CEO Eric Yuan speaks before the Nasdaq opening bell ceremony in New York on April 18, 2019.Kena Betancur | Getty ImagesZoom shares climbed 8% in extended trading on Monday after the video chat company reported fiscal fourth-quarter…

Shares of Bata India Ltd hit a fresh 52-week low amid negative sentiment in the broader market today. The footwear stock hit an intraday low of Rs 1382.95, down 2.72 per cent today. Later, the stock closed 2.05% lower at Rs 1392.50 on BSE.…

Shares of Adani Wilmar Ltd fell sharply on Monday, extending their fall for the sixth straight session. The stock slumped 5 per cent to settle at its lower circuit level of Rs 344.20 over a previous close of Rs 362.30. The counter has…

HIGHLIGHTS Nifty India Sovereign Green Bond indices are first of its kind as they seek to capture the performance of Indian Sovereign Green Bonds that finance green infrastructure The proceeds from Sovereign Green Bonds will be deployed…

Shares of One 97 Communications Ltd, Paytm's parent, rose on Monday amid heavy volumes. The stock climbed 5.14 per cent to hit an intraday high of Rs 655.30 over its previous close of Rs 623.25. The scrip cut most of its gains and…