Business

Shares of TCS today extended their fall for the fourth consecutive session and closed 1.42 per cent lower today. TCS has slipped 3.69 per cent in the past five days. Infosys and HCL Tech fell for the second straight day. Infosys lost 1.06…

Indian equity benchmarks fell sharply on Wednesday, extending their losing run for the fourth straight session amid weak global cues. The domestic indices were dragged by banks, financial, technology and energy stocks. Strong US economic…

An engine undergoes assembly at the Stellantis Dundee Engine Complex on August 18, 2022 in Dundee, Michigan.Bill Pugliano | Getty ImagesCarmaker Stellantis on Wednesday announced record full-year results, reporting a 26% rise in net profit…

Servotech Power Systems has entered into a partnership with Dubai-based Al Ansari Motors to provide electric vehicle (EV) charging solutions to the Middle Eastern and African markets. The two entities have signed a sole distributorship…

Shares of Coffee Day Enterprises were the top gainers on BSE today amid the broader market sulking in line with negative global cues. Coffee Day Enterprises stock was trading at Rs 40.70 today, implying a rise of 14.49% during the day. In…

Shares of Adani Ports and Special Economic Zone (Adani Ports) traded lower in Wednesday's trade, halting their six-day winning run. Adani stocks came under intense selling pressure today after Wikipedia claimed that sockpuppets - some of…

Market regulator Securities and Exchange Board of India (Sebi) has sought details of all ratings of local loans and securities of the embattled Adani Group's companies from credit rating firms, said a report on Wednesday. The rating…

Shares of stainless steel producer Jindal Stainless have zoomed 118% or Rs 149 since August 19, 2022. Shares of Jindal Stainless hit an all-time high of Rs 275 on BSE in early trade today. The stock has gained 40.16% in a year and risen…

Shares of Zensar Technologies rose 5% amid a market crash today after Nippon India Mutual Fund raised stake in the company. The MF has bought 39.68 lakh shares or 1.75% stake from the open market. After the transaction, the stake of mutual…

Shares of NMDC Steel hit a 5 per cent upper circuit for the third straight session and were trading at Rs 34.95 on BSE on Wednesday. The market cap of the firm rose to Rs 10,242.47 crore. The stock made its Dalal Street debut on Monday and…

Adani Group CFO Jugeshinder Singh, who was among speakers on Day 2 of Kotak Chasing Growth - 2023 Conference, said his group prepared the response on 88 Hindenburg Research allegations within two days. Hindenburg's scathing report came on…

Shares of Adani Group's flagship firm -- Adani Enterprises -- fell sharply in Wednesday's trade, extending their fall for the fourth straight session. The stock slumped 10 per cent to hit a day low of Rs 1,411.60 over its previous close of…

Wednesday was the fourth straight day of fall for domestic stocks, as a slew of healthy economic data in the US has raised fears the US Federal Reserve has room to carry on with its rate hike cycle for an extended period of time. A sharp…

Indian benchmark indices opened lower today in line with negative global markets. Sensex opened 281 points lower at 60391 and Nifty slipped 71 points to17,755. The market capitalisation of BSE-listed firms fell to Rs 263.47 lakh crore.…

Amid the ongoing uncertainty in the domestic equity market, the benchmark equity indices stood almost flat with negative bias in the ongoing calendar year to date. While the BSE Sensex inched lower by 168 points to nearly 60,673 on February…

A total of 12 stocks including IRCTC, Bosch, Cochin Shipyard, Balrampur Chini Mills and Torrent Pharma will turn ex-dividend today. IRB Infra will turn ex-split today. Mahindra CIE Automotive will announce its quarter results later in the…

Wall Street posted its worst performance of the year on Tuesday, with the main benchmarks ending down as investors interpreted a rebound in US business activity in February to mean interest rates will need to stay higher for longer to…

Nikesh Arora of the United States on the first hole during the third round of The Alfred Dunhill Links Championship at The Old Course on October 02, 2021 in St Andrews, Scotland.David Cannon | David Cannon Collection | Getty ImagesPalo Alto…

In this photo illustration, the Coinbase logo is displayed on a smartphone screen.Rafael Henrique | SOPA Images | Lightrocket | Getty ImagesCoinbase reported user numbers that fell short of analysts' estimates even as fourth-quarter…

National Stock Exchange on Tuesday announced extension of trading hours for interest rate derivatives to 5 pm effective February 23.  "To converge with underlying market timings, members are requested changes in trading timings of Interest…

Shares of state-owned lender Bank of India (BoI) fell sharply on Tuesday amid heavy volumes. The stock dived 6.28 per cent to settle at Rs 70.85 over its previous close of Rs 75.60. Around 43.95 lakh shares changed hands today on BSE, which…

Hasbro's 2023 outlook might feel like déjà vu. At first, anyway.The toymaker on Thursday announced its fourth-quarter results while issuing conservative guidance for the year, mimicking the modest expectations it had when it entered…

Customers exit a Walmart store on January 24, 2023 in Miami, Florida. Walmart announced that it is raising its minimum wage for store employees in early March, store employees will make between $14 and $19 an hour. Joe Raedle | Getty Images…

Adani Group's market capitalisation (m-cap) has slipped below the $100 billion mark as a selloff intensified on Tuesday in a majority of the conglomerate's listed counters. Since January 24 this year, Adani stocks took a major hit after…

A customer loads plywood to a truck outside a Home Depot store in Galveston, Texas, on Tuesday, Aug. 25, 2020.Scott Dalton | Bloomberg | Getty ImagesHome Depot reported fourth-quarter earnings before the bell Tuesday.Here's what the company…

Shares of diversified conglomerate ITC have managed to outperform its peers in the last one year as the stock has managed to deliver over 75 per cent return to its shareholders. Hindustan Unilever (HUL) stock is up over 9 per cent in the…

Indian equity benchmarks on Tuesday extended their fall for the third straight session, dragged by technology and state-owned lenders. The momentum in the market was muted amid a volatile trading session today. Asian shares traded mixed…

Shares of Tata Steel and Jindal Stainless are among the key picks in the metal sector, with the former attracting investor attention due to Tata Group and the latter delivering multibagger returns during the last six months. While shares of…

HSBC on Tuesday reported fourth-quarter earnings for 2022 that beat analyst expectations.The bank's reported profit before tax for the three months ended in December was $5.2 billion, 108% higher than $2.5 billion a year ago and better than…

JM Financial has initiated coverage on Uniparts India, with a 'Buy' rating and a price target of Rs 780 that suggests a potential 37 per cent upside. The brokerage cited 'margin on safety' on the counter and felt the supplier of systems and…