Business

Shares of Procter & Gamble Health rose sharply in Monday's trade amid heavy volumes, extending their upward move for the second consecutive session. The stock zoomed 15.24 per cent to hit a day high of Rs 4,721.20 over its previous…

Shares of budget airline IndiGo’s operator InterGlobe Aviation were trading in the red today despite the firm reporting a multifold rise in profit for the quarter ended December 2022.  Net profit zoomed eleven times in the third quarter,…

Mahindra & Mahindra Financial Services (M&M Finance) stock jumped in Monday's trade after announcing the third quarter, which ended December 2022 (Q3 2022-2023), results. The shares hit a day high -- also a 52-week high -- of Rs…

Rajesh Exports' shares hit a new 52-week high on Monday as the stock jumped about 10 per cent during the early trading session. The gold retailer has been moving higher at Dalal Street over the sharp rise in gold prices in the domestic and…

Tata Power's December quarter revenue, although strong, fell short of analyst estimates. The Tata group reported almost doubling of profit, which met analyst projections. A couple of brokerages have a 'hold' call on the stock despite the…

Shares of Paytm (listed as One97 Communications) gained over 7 per cent on Monday after the payment gateway services provider turned positive at the operating level three quarters ahead of its guidance. It reported EBITDA before ESOP of Rs…

Domestic equities took a sharp relief rally on Friday after Adani stocks rout. Optimism over easing inflation, nearing of the end of interest rate hike cycle and buying in financial stocks pushed the markets higher. Sensex rallied 909.64…

Shares of three companies including Sona BLW Precision, Container Corporation of India (Concor) and Siyaram Silk Mills will turn ex-dividend while those of Patel Engineering would go ex-rights on Monday. A host of companies including Adani…

In the coming week, traders would be awaiting the Reserve Bank of India’s (RBI) monetary policy statement for the current financial year (2022-23), which will be announced on February 8. Dalal street expects the central bank to hike the…

Rally in later part of the week helped Indian equity benchmarks to end in green and reclaim their crucial levels, as the market gave thumbs up to the Union Budget 2023-24. For the day, the 30-share pack BSE Sensex rallied 909.64 points, or…

An employee works at the BMW manufacturing plant in Greer, South Carolina, October 19, 2022.Bob Strong | ReutersA decrease in the unemployment rate of Black women is heartening, but labor experts warn that the trend shouldn't create any…

Sebi on Friday provided two additional methods -- rights issue of shares as well as issuance of bonus shares to public shareholders -- to listed companies to achieve compliance with the 25 per cent minimum public holding requirement. The…

The U.S. economy added far more jobs than expected in January, boosted by a jump in leisure and hospitality employment.That one service sector saw an increase of 128,000 jobs in the month, led by 99,000 positions at restaurants and bars…

In this photo illustration, the Penn Entertainment logo is displayed on a smartphone mobile screen.Rafael Henrique | SOPA Images | Lightrocket | Getty ImagesPenn Entertainment on Thursday became the first U.S. gambling company to post a…

The employment picture started off 2023 on a stunningly strong note, with nonfarm payrolls posting their strongest gain since July 2022.Nonfarm payrolls increased by 517,000 for January, above the Dow Jones estimate of 187,000. The…

Shares of ACC and Ambuja Cements on Friday extended their gains for the second straight session. ACC settled 4.39 per cent higher at Rs 1,926.30 over its previous close of Rs 1,845.35. The stock has rebounded 4.44 per cent in two days. In a…

Adani Group has lost Rs 9 lakh crore m-cap in the last seven trading sessions. The total m-cap of the group tanked to Rs 10 lakh crore on February 3, 2023, from Rs 19.2 lakh crore as of January 24, 2023. Adani Power, Adani Total Gas, Adani…

InterGlobe Aviation Ltd, the operator of India's top airline IndiGo, on Friday reported an eleven-fold jump in quarterly profit led by a pick up in demand for air travel. The airline has been contending with surging fuel costs and currency…

Domestic equity equity took a sharp relief rally on Friday after Adani stocks rout. Optimism over easing inflation, nearing of the end of interest rate hike cycle and buying in financial stocks pushed the markets higher. Traders cheered…

State Bank of India (SBI) on Friday reported a 68.47 per cent year-on-year (YoY) jump in net profit at Rs 14,205.34 crore for the December quarter compared with Rs 8,431.88 crore in the same quarter last year. Net interest income (NII) for…

Life Insurance Corporation of India (LIC) is not only the largest insurance company of India but it is also the biggest institutional investor in the Indian stock markets – much bigger than the biggest foreign portfolio investors (FPIs).…

Bank of Baroda (BoB) on Friday reported 75 per cent surge in standalone net profit at Rs 3,853 crore for the third quarter ended December 31, 2022 as bad loans declined. The state-owned bank had earned a net profit of Rs 2,197 crore in the…

Shares of Hindustan Construction Co (HCC) fell sharply in Friday's trade amid heavy volumes. The stock plunged 20 per cent to hit its lower circuit of Rs 14.75 over a previous close of Rs 18.40. Around 126.02 lakh shares changed hands today…

Shares of Adani Ports & Special Economic Zone rebounded 25% per cent from the day's low on Friday after Fitch Ratings said that there was no immediate impact on the Fitch-rated Adani entities and their securities, and that it expects no…

A sharp rebound in Adani Enterprises left investors head scratching in Friday's trade. Shares Adani Enterprises, which hit a 52-week low of Rs 1,017.10 earlier today, recovered 65 per cent to hit a high of Rs 1,678.90. The stock, along with…

The delivery-based volumes in shares of the Adani group of companies have increased substantially amid the ongoing free-fall in the 10-listed companies of the group companies. With a fall of 56 per cent, Adani Total Gas plunged the most in…

Patanjali Foods's shares have been on a falling trajectory recently. Interestingly, the stock has been in the corrective mode ever since reporting its December quarter results in December 2022 quarter on January 25 and Hindenburg's report…

Shares of IT firm Birlasoft are on investors' sell radar, having fallen 17 per cent fall in just three trading days. The scrip tanked 8 per cent in Friday's trade to hit a low of Rs 250.35 on BSE. At this price, the Birlasoft stock was down…

Shares of Adani Total Gas fell 5% in early trade today amid a rout in Adani Group stocks. With today’s fall, Adani Total Gas stock has lost 58.5% in nine sessions. Adani Total Gas stock was the top loser on the BSE oil and gas index. Adani…

Adani Wilmar shares fell for the seventh consecutive session today as amid a rout in the Adani Group stocks. Adani Wilmar shares opened 5% lower at Rs 421.45 on BSE. The stock was stuck in the lower circuit of 5%. The stock has lost 30.14%…