Business

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…

Capgemini, which came out with its fourth quarter results this week, gave a soft revenue guidance for Calendar 2023, even as it reported a strong revenue growth and bookings for the quarter. While announcing its December quarter results,…

As many as seven listed Adani stocks have plunged more than 50 per cent from their respective 52-week high levels amid the ongoing selling pressure in the group companies. Data showed that Adani Green Energy cracked 82.30 per cent to Rs…

People walk outside the Bank of England in the City of London financial district, in London, Britain, January 26, 2023.Henry Nicholls | ReutersLONDON — The U.K. has thus far avoided a widely anticipated recession, and the signs from the…

Shares of IRB Infrastructure Developers fell sharply in Thursday's trade after hitting their 52-week high level in the previous session. The stock today halted its two-day winning run and crashed 14.47 per cent to hit a day low of Rs 29.25…

Shares of three Adani Group companies continued to hit their respective 52-week lows in Thursday's trading session. Adani Total Gas, Adani Transmission and Adani Green Energy were locked in the lower price bands at the opening bell. Adani…

Indian benchmark indices opened higher today mixed global cues. Sensex opened 33 points higher at 59,777 and Nifty gained 20 points to17,574. The market capitalisation of BSE-listed firms stood at Rs 260.25 lakh crore. TCS, PowerGrid and…

Benchmark indices fell sharply on Wednesday, extending their losing run for the fourth straight session amid weak global cues. The 30-share BSE Sensex pack dived 928 points or 1.53 per cent to settle at 59,745; while the broader NSE Nifty…

NMDC spent a total of Rs 20,000 crore in setting up a 3 million tonne per annum (mtpa) steel plant at Nagarnar that was not only draining cash from the high-margin iron-ore business, but was also impairing return ratios. Demerging the steel…

Nvidia Corp CEO Jensen Huang holds one of the company's new RTX 4090 chips for computer gaming in this undated handout photo provided September 20, 2022.Nvidia Corp | via ReutersNvidia stock rose more than 8% in extended trading on…

Electric vehicle start-up Lucid on Sept. 28, 2021 said production of its first cars for customers has started at its factory in in Casa Grande, Arizona.LucidElectric vehicle maker Lucid on Wednesday reported fourth-quarter revenue that fell…

The UK has surpassed India as the world’s sixth-largest equity market for the first time since May 2022 as a weaker pound boosts appeal of exporters and jitters over Adani-Hindenburg row are being felt across Indian markets, said a report…