Business

Adani Wilmar reported a good set of December quarter results. Nuvama Institutional Equities said Food and FMCG business is now contributing 15 per cent of volumes and 7 per cent of value, a positive sign, as the Adani group company's…

Istanbul's stock exchange operator suspended trading until Feb. 15 and cancelled all Wednesday's trades in the wake of devastating earthquakes that struck Turkey and Syria on Monday. The tremors rocked Turkey and Syria in the early hours…

US stocks ended down on Wednesday, paring most of the previous session's strong gains, with tech-focused shares leading the way lower. Alphabet Inc was the biggest drag on the S&P 500 and Nasdaq. Its shares sank 7.7% after its new AI…

The Mattel company logo is pictured during the inauguration of the expansion of the Montoi plant, in Escobedo, Mexico March 15, 2022.Daniel Becerril | ReutersBarbie-maker Mattel posted fourth-quarter results after market close on Wednesday…

Affirm Holdings Inc. website home screen on a laptop computer in an arranged photograph taken in Little Falls, New Jersey.Gabby Jones | Bloomberg | Getty ImagesAffirm announced it's cutting 19% of its workforce as it reported second quarter…

Bob Iger poses with Mickey Mouse attends Mickey's 90th Spectacular at The Shrine Auditorium on October 6, 2018 in Los Angeles.Valerie Macon | AFP | Getty ImagesLOS ANGELES – While shareholders will still be keyed in to see how many…

Shares of Google's parent company lost more than $100 billion in market value on Wednesday after its Bard chatbot ad showed inaccurate information and analysts said its AI search event lacked details on how it will answer Microsoft's…

Uber reported fourth-quarter earnings Wednesday that beat analysts' estimates. Shares were up more than 6% in premarket trading.Here's how the company did:Earnings per share: 29 cents vs. 18 cent loss expected by analysts, according to…

Vehicles wait in line at the drive through lane of a Yum! Brands Inc. Kentucky Fried Chicken (KFC) and Taco Bell restaurant in Lockport, Illinois.Daniel Acker | Bloomberg | Getty ImagesYum Brands on Wednesday reported quarterly earnings and…

The container ship Maersk Murcia sits moored in the port of Gothenburg, Sweden, on August 24, 2020.JONATHAN NACKSTRAND | AFP | Getty ImagesMaersk, one of the world's largest container shipping firms, on Wednesday reported a fall in…

Mark Mobius, an acknowledged name in the world of investing, says he is not surprised about the battering in the Adani group of stocks ever since the report from the US short seller Hindenburg Research was made public. The veteran investor…

Domestic equity markets settled higher on Wednesday, after a weakness for a couple of sessions. The street cheered the RBI's monetary policy as the central bank increased repo rate by 25 basis points, on the expected lines. The recovery in…

Shares of Adani Total Gas on Wednesday extended their fall for the 12th straight session. The stock plunged 5 per cent today to hit an intraday low -- also its 52-week low -- of Rs 1,394.15 against a previous close of Rs 1,467.50. The scrip…

Societe Generale on Wednesday reported a 64% drop in annual net profits for 2022, weighed on by lower activity in its domestic banking unit, currency effects and increased operating expenses.The French bank said net income came in at 1.16…

Adani Wilmar on Wednesday reported a 16 per cent year-on-year (YoY) rise in consolidated net profit at Rs 246 crore for the December quarter compared with Rs 211 crore in the corresponding quarter last year. Revenue for the quarter rose 7…

Shares of Mukesh Ambani-led conglomerate Reliance Industries Ltd (RIL) have lost 14% in over two months, making the recently announced price targets for the large cap stock look distant. RIL shares have fallen 14.34 percent from Rs 2732 on…

Shares of new-age tech companies were on a roll in Wednesday's trading session. Paytm stock jumped over 9.4 per cent to hit a day's high of 644.90 and shares of Zomato also zoomed over 9 per cent to hit a day's high of Rs 53.9 on the Bombay…

Even for seasoned investors, market volatility may be a frightening and stressful experience. Despite the fact that there is no foolproof method to foresee and guard against such market volatility, investors can try to reduce the impact…

Adani Enterprises, the flagship firm of Adani Group, has turned into a multibagger in just four trading sessions. The stock has more than doubled investors' wealth after the latest rout in the listed companies of the Gautam Adani-led…

Shares of Zomato rose over 8 per cent in early trade amid a rally in the broader market today. The rise in Zomato stock comes amid founder of the food aggregator firm Deepinder Goyal congratulating Paytm and its founder Vijay Shekhar Sharma…

Tata Steel, Tata Power & Tata Consumer Products are among Tata group companies, which have come out with their December quarter results of late. While Tata Power and Tata Consumer Products (TCPL) reported strong set of numbers, Tata…

The Reserve Bank of India (RBI) on Wednesday hiked repo rate for the sixth consecutive time in the ongoing financial year by 25 basis points to 6.50 per cent. The central bank stood focused on its stance of withdrawal of accommodation to…

Adani Port and Special Economic Zone (APSEZ) which reported a miss in the Q3 earnings on Tuesday, has seen a price cut from Kotak Institutional Equities (KIE) but the brokerage remains positive on the counter and pegs its fair value at Rs…

Adani group stocks continued with their recent recovery in Wednesday's trade with shares of the group flagship Adani Enterprises climbing 10 per cent. A host of steps by the group including the prepayment of loans instilled confidence among…

Macquarie, which on the day of One97 Communications (Paytm) listing called the Vijay Shekhar Sharma-led company a cash guzzler and cut the stock's target to as low as Rs 450 recently, has doubled upgraded the stock to 'Outperform' from…

Domestic stock indices extended their weakness for another trading session and settled lower on Tuesday ahead of the RBI's monetary policy outcome later on Wednesday. The BSE Sensex fell 220.86 points, or 0.37 per cent, to 60,286.04. Nifty…

US stocks rallied to a convincingly higher close on Tuesday, but trade was choppy as investors digested comments from Federal Reserve Chair Jerome Powell about how long the central bank may need to tame inflation. Powell said 2023 should…

A Chipotle restaurant and signage is seen on February 09, 2022 in Miami, Florida.Joe Raedle | Getty ImagesChipotle Mexican Grill on Tuesday reported weaker-than-expected quarterly earnings and revenue, signaling that its price hikes may…

Rental car giant Hertz reported fourth-quarter earnings that were better than Wall Street expected, on renewed demand for travel as the Covid-19 pandemic eased in many parts of the world.The company also benefited from improved operating…

It all started after US Hindenburg Research published a report on the Adani Group. The total m-cap of the group tanked to Rs 9.93 lakh crore on February 7, 2023, from Rs 19.20 lakh crore as on January 24, 2023. However, some Adani Group…