Business

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…

Shares of Balaji Amines declined on Tuesday, extending their fall for the second straight session after the company declared its December quarter results. The stock today plunged 5.61 per cent to settle at Rs 2,172.30 over its previous…

Shares of Ambuja Cements closed in the green today after the cement maker reported a 46 per cent rise in its standalone profit. Profit climbed to Rs 368.99 crore in Q3 of the current fiscal compared to Rs 252.81 crore in Q3FY22. Ambuja…

SoftBank's Vision Fund, the brainchild of the company's founder Masayoshi Son, has faced a number of headwinds including a slump in technology stocks as a result of rising interest rates, a tough China market and geopolitics.Kentaro…

Shares of Gland Pharma rose over 12% amid a weak sentiment in the broader market today. Gland Pharma stock zoomed 12.49% intraday to Rs 1320.80 against the previous close of Rs 1174.10 on BSE. It was among the top gainers on BSE today.…

Domestic equity markets extended their weakness for the second straight session ahead of the US Federal Reserve chair's speech later in the day. Traders would be looking for the monetary tightening guidance in the coming days after strong…

Bharti Airtel on Tuesday reported 91.5 per cent year-on-year (YoY) rise in consolidated net profit at Rs 1,588 crore compared with Rs 830 crore in the same quarter last year. The telecom operator said its consolidated total revenues for the…

Billionaire Gautam Adani re-entered the top 20 global billionaires list amid the ongoing recovery in the select shares of the group companies. With a net worth of $61.40 billion, Adani now stands at 17th spot in the Forbes real-time…

Oil major BP on Tuesday reported record annual profits, more than doubling last year's total as fossil fuel prices soared following Russia's full-scale invasion of Ukraine.The British energy giant posted underlying replacement cost profit,…

Shares of One 97 Communications, Paytm's parent, jumped 20 per cent in Tuesday's trade to hit the upper price band of Rs 669.60 against a previous close of Rs 558 after the company's quarterly results beat Street expectations. At today's…

Shares of Berger Paints India were trading in the red on Tuesday despite the firm’s fully automated manufacturing facility at Sandila commencing production on Monday. Berger Paints stock opened on a flat note at Rs 564.50 against the…

PVR and Inox Leisure on Tuesday fixed February 17 as the record date for the scheme of amalgamation between the two multiplex players. On that day, PVR would determine shareholders of Inox Leisure to whom equity shares of the company would…

Adani Ports and Special Economic Zone (Adani Ports) reported a 13 per cent year-on-year (YoY) decline in the profit after tax (PAT) at Rs 1,336.51 crore in the quarter ended on December 31, 2022. The company had reported a profit after tax…

Most of the stocks in the BSE Sensex pack reported growth in their net sales, operating profit and net profit figures for the quarter that ended December 31, 2022. However, Maruti Suzuki stood out with a superlative performance in terms of…

IRB Infrastructure Developers' shares surged as much as 6 per cent in Tuesday's trade after the company announced the record date for sub-division of its equity shares. The proposal for the same has been approved by the shareholders via…

Vikas Lifecare is set to acquire Kohinoor Food and both the counters traded mixed in Tuesday's trade. The company board of Kohinoor Foods reviewed and approved the proposal of Vikas Lifecare for strategic investment, whereas its earnings…

Shares of Tata Steel were trading lower today after the metal firm reported a weak set of earnings for the quarter ended December 2022. Tata Steel logged a net loss of Rs 2,502 crore for the quarter ended December 31, 2022 as against net…

Asian share markets stabilised somewhat on Tuesday after steep losses in the past 24 hours, while the U.S dollar remained elevated as investors considered the prospects interest rates would remain higher for longer in many developed…

Domestic equity markets settled sharply lower on Monday amid the fears of global rate hikes following strong US jobs data. Selling in index heavyweights like IT and banking dragged the indices sharply lower during the session. Adani Group…

US stocks ended lower on Monday as investors shifted gears after considering the possibility that the US Federal Reserve may take longer to start cutting interest rates. Traders are keeping a close eye on speeches by Fed officials this…

A banner for the online image board Pinterest Inc. hangs from the New York Stock Exchange on the morning that Pinterest makes its initial public offering on April 18, 2019.Spencer Platt | Getty ImagesPinterest shares sank as much as 12%…

Shares of State Bank of India (SBI) on Monday climbed for the third straight session. The stock edged 0.17 per cent higher today to settle at Rs 545.35. The scrip has climbed 3.46 per cent in three days. At today's closing value of Rs…

Domestic equity markets settled sharply lower on Monday amid the fears of global rate hikes following strong US jobs data. Selling in index heavyweights like IT and banking dragged the indices sharply lower during the session. Adani Group…

Valuation guru Aswath Damodaran says if Adani Group happens to default on its debt, he hopes it starts with the green bond holders. "I cannot think of a group that deserves default more," he said in his latest blog Musings on Markets.  …

Shares of Adani Power fell for the eight straight session today amid a rout in the Adani Group stocks, triggered by allegations from Hindenburg Research related to accounting frauds, stock manipulations and money laundering. In the last…

Since January 24, when Hindenburg Research published a study accusing the Gautam Adani group of market manipulation, the Adani Group stocks has fallen precipitously. Now, former Indian cricketer Virender Sehwag has come out in support of…

Valuation guru Aswath Damodaran believes Hindenburg's description of Adani as "the biggest con" in history is a "hyperbole". Damodaran, who teaches corporate finance and valuation at the Stern School of Business at New York University, said…

Adani Ports and Special Economic Zone's (Adani Ports) shares made a quick rebound from the early day cuts and rallied as much as 11 per cent from the day's low. The company is scheduled to announce its earnings for the period on December…

Promoters of Adani Group have posted the amounts to prepay $1.1 billion of share-backed facility of its maturity of September 2024, said the conglomerate's spokesperson on Monday.  "In light of recent market volatility and in continuation…