Business

Global brokerage firm Morgan Stanley believes that the benchmark equity index BSE Sensex may hit the 68,500 mark in the base case scenario by the end of December 2023, indicating an upside of 12 per cent from the February 10 close of…

Moody's Investors Service on Friday said it has changed the outlook on four Adani group issuers to negative from stable, while maintaining the stable outlook on other four companies. Net-net, it affirmed the ratings on eight Adani Group…

SMIC's 14nm chip yield has reached industry production level.Future Publishing | Getty ImagesChina's biggest chipmaker SMIC posted record revenue in 2022, despite ongoing U.S. sanctions, but warned of a more difficult year ahead given a…

After Zomato and BigBasket, Alibaba sold its entire stake in One97 Communications (Paytm) in a block deal on Friday, stated a report. A total of 3.4 per cent equity or 2.1 crore shares changed hands in the block earlier today, the report…

YES Bank, PB Fintech, Reliance Infrastructure, GMM Pfaudler, PVR and South Indian Bank were among companies which saw a sequential rise in foreign institutional investor (FII) holdings in the December quarter. One97 Communications (Paytm),…

Veerkrupa Jewellers, an SME-listed smallcap jewellery company, has announced a stock split and issuance of bonus equity shares. The board of Veerkrupa Jewellers has approved the same. The company has informed the bourses about the corporate…

Shares of Indian Railway Catering and Tourism Corporation Ltd (IRCTC) fell after four sessions today as the state-owned firm announced its earnings for the quarter ended December 2022 on February 9, 2023. IRCTC, the tourism and ticketing…

Market regulator Securities and Exchange Board of India (SEBI) is investigating Adani Group's links to some of the investors in the aborted $2.5-billion share sale of Adani Enterprises, two sources said, amid growing concern in New Delhi…

Late ace investor Rakesh Jhunjhunwala's select picks including Titan Company, Tata Motors, Canara Bank, Escorts Kubota and Karur Vysya Bank continue to draw analysts' attention who remain positive on these counters. The Dalal Street legend,…

IRB Infrastructure Developers' shares have been moving higher for the last three sessions on the back of multiple news flows. In various exchange filings, the company has informed the bourses about the record date for stock split,…

Life Insurance Corporation of India (LIC) increased stakes in 71 listed companies including IRCTC, Voltas, Mphasis and Tech Mahindra (TechM) in the December quarter. These 71 stocks saw an average of 1.56 per cent rise in average prices,…

SJS Enterprises' shares plunged more than 11 per cent in early trade on Friday after the company announced a muted performance in the December 2022 quarter on a sequential performance (QoQ). Seasoned investor Ashish Kacholia owns a…

Shares of online food delivery provider Zomato fell over 7% in early trade today after the firm's December quarter loss widened to Rs 346.6 crore on year for the quarter ended December (Q3FY23) against a loss of Rs 63 crore in the year-ago…

Domestic equity markets extended their gains for the second straight session on Thursday. BSE Sensex jumped 142.43 points, or 0.23 per cent to 60,806.22 and Nifty gained 21 pts to 17,893.45. However, broader markets underperformed the…

Domestic benchmark indices extended its gains for the straight second session amid mixed global cues, thanks to buying in heavyweight IT stocks and Bajaj twins. BSE Sensex jumped 142.33 points, or 0.21 per cent, to 60,806.22. NSE's Nifty50…

Tether previously claimed its stablecoin was backed 1-to-1 by U.S. dollars.Justin Tallis | Afp | Getty ImagesTether on Thursday published its latest quarterly financials, with the world's top stablecoin issuer stating publicly for the first…

Pepsi sodas are displayed on shelves at a Walmart Supercenter on December 06, 2022 in Austin, Texas. PepsiCo, the maker of Pepsi soda, plans to cut hundreds of corporate jobs at its North American division according to a news report from…

India's Adani Total Gas reported a 17.2% rise in quarterly profit on Thursday on price hikes and short-term contracts, and the company said it was evaluating an independent review following a US short-seller's critical report on its…

Prabhudas Lilladher has come out with a report on several stocks including One97 Communications (Paytm), FSN E-Commerce Ventures (Nykaa), PB Fintech (Policybazaar), CarTrade Technologies, Affle India, Nazara Technologies and Go Fashion,…

Domestic equity markets extended their gains for the second straight session on Thursday. Headline indices recouped their early losses, thanks to buying in IT stocks which pushed the market higher. However, global sentiments remained mixed.…

Shares of Tata Group's retail arm Trent rose over 8% today after the firm announced its earnings for Q3. Trent shares rose 8.7% to Rs 1343.25 against the previous close of Rs 1235.70 on BSE. Trent stock is trading higher than the 5 day, 20…

Credit Suisse on Thursday reported a fourth-quarter and annual net loss that missed expectations, as the Swiss bank continued with its huge strategic overhaul.The lender's fourth-quarter net loss attributable to shareholders came in at 1.4…

Shares of Adani Group continue to be in focus following a notification from MSCI. MSCI will review the free-float status of Adani Group securities. "MSCI has received feedback from a range of market participants concerning the eligibility…

A host of auto and auto ancillary sector companies such as Escorts Kubota, UNO Minda, Samvardhana Motherson, Minda Corporation have announce their quarterly results. The numbers have been good, as suggested by brokerages. Motilal Oswal…

Apollo Micro Systems shares hit an upper circuit on Thursday after the company provided strong project update with the exchanges. On Wednesday, the defence and aerospace player announced that it has bagged orders worth Rs 43.98 crore.…

Shares of Paytm (listed as One97 Communications) are trading 63% lower against their listing price despite the recent four-day rally triggered by better-than-expected earnings for the quarter ended December 2022. The price targets for Paytm…

Tata Steel, IndusInd Bank, Apollo Tyres, ONGC, ITC were among Nifty companies, which quoted up to 61 per cent discount to their historical price to equity (P/E) or price to book value (P/BV) levels at January-end. The month saw the NSE…

Shree Cement shares fell over 2% today after the cement maker reported a weak set of Q3 earnings. Profit fell 44% for the quarter ended December 2022. Shree Cement stock lost 2.15 per cent intraday to Rs 23,720 against the previous close of…

Adani Power shares hit lower price band on Thursday after the company reported a poor set of numbers in the December 2022 quarter (Q3 FY23). The Adani Group company is also facing the threat of likely reduction in weightage by MSCI, which…

Shares of Life Insurance Corporation (LIC) of India were trading on a flat note ahead of the firm's Q3 earnings set to be announced today.  LIC stock gained 0.60 per cent intraday to Rs 613.75 against the previous close of Rs 610.10 on BSE.…