Business

Domestic benchmark indices snapped the three-day winning streak on Friday and settled lower. Weak global cues dented the sentiments at Dalal Street as the inflation worries spooked the traders. Selling pressure in select index heavyweights…

Shares of Tejas Networks fell on Friday, snapping their two-day uptrend. The stock slipped 4.17 per cent today to settle at Rs 611.40 over its previous close of Rs 638. Around 84,000 shares changed hands today on BSE, which was higher than…

Mutual funds bought additional stakes in nine of their top 10 holdings in January. The list includes ICICI Bank, HDFC Bank Reliance Industries and State Bank of India (SBI) among others. The only top stock where they cut stakes was Larsen…

Shares of Adani Transmission Ltd (ATL) slipped to their 52-week low today after S&P Global Ratings placed the Adani Group firm’s ESG evaluation ‘under review’ following Hindenburg Research’s report on the conglomerate led by Gautam…

It's been more than three weeks since the Hindenburg report came out and triggered a sell-off in Adani Group stocks. Adani Group has so far lost Rs 10 lakh crore m-cap. The total m-cap of the Adani group tanked to Rs 8.64 lakh crore on…

Nestle India, the listed Indian arm of S FMCG conglomerate, announced its results for the period that ended on December 31, 2022. Brokerage firms remained mixed on the Maggi maker after the company missed revenue expectations, while other…

Information technology stocks have been buzzing on Dalal Street due to their superlative performance in the ongoing calendar year. After falling more than 24 per cent last year, the BSE IT index has gained 8.6 per cent so far in the ongoing…

Shares of EKI Energy Services jumped 10 per cent in Friday's trade, snapping their losing run of seven straight sessions in a volatile trade. The stock slipped 10 per cent to hit a lower circuit -- also its 52-week low -- of Rs 511.95 over…

Shares of Mishra Dhatu Nigam Ltd  (Midhani) gained 11% in two sessions after the state-owned firm said it has inked MoUs with 11 firms including HAL, Hindustan Shipyard, Micron Instruments, Bay Forge, and Welspun Speciality Steels to expand…

Mahindra Group stocks, which is one of the largest business conglomerates of India, have delivered up to 103 per cent returns in the last one year, the data from Ace Equity suggest. The India-based multinational business house is engaged in…

Shares of Pricol gave up all of their early gains in Friday's trade after issuing a clarification on Minda Corporation's proposed acquisition. The stock climbed 5.14 per cent to hit a day high of Rs 219 over its previous close of Rs 208.30.…

Shares of Vedanta gained 1 per cent in Friday's trade after the Anil Agarwal-led company said it has been declared as the preferred bidder for mineral blocks in Chhattisgarh. In a filing to BSE, the company said the grant of composite…

Shares of Adani Green Energy rose 4 per cent in Friday's trade, snapping a 12-day losing run, after a Reuters report suggested that the Adani group company has a refinancing plan, which it would disclose after the end of the ongoing…

Retail investors held shares worth Rs 5.71 lakh crore in 10 heavyweight companies in December quarter. They included Reliance Industries (RIL), HDFC Bank, Hindustan Unilever (HUL), Larsen & Toubro (L&T), Tata Consultancy Services…

Wall Street's major stock indexes all fell more than 1% while the dollar hit a six-week peak and Treasury yields climbed on Thursday after data showed higher-than-expected US producer prices for January while jobless claims fell,…

A DoorDash sign is pictured on a restaurant on the day they hold their IPO in New York, December 9, 2020.Carlo Allegri | ReutersShares of DoorDash jumped as much as 6% in extended trading Thursday after the food delivery company reported…

A bank employee counts U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023. Athit Perawongmetha | ReutersConsumer debt hit a fresh record at the end of 2022 while delinquency rates rose for several types of loans, the…

07 December 2022, Berlin: Pam Kaufman, President & CEO Paramount, joins us for the Paramount+ launch event. The Paramount+ streaming service is now available in Germany.Jörg Carstensen | Picture Alliance | Getty ImagesParamount Global…

Inflation rebounded in January at the wholesale level, as producer prices rose more than expected to start the year, the Labor Department reported Thursday.The producer price index, a measure of what raw goods fetch on the open market, rose…

Shares of Tanla Platforms rose sharply on Thursday after announcing that the company would launch its anti-phishing technology platform -- Wisely ATP -- at the Mobile World Congress (MWC) in Barcelona, Spain, on February 27, 2023. Wisely…

Russia announced that it would cut oil production by 500,000 barrels per day in March after the West slapped price caps on Russian oil and oil products.Picture Alliance | Picture Alliance | Getty ImagesBans and price caps targeting Russian…

Shares of Adani Total Gas on Thursday fell sharply amid highly volatile trade, extending their fall for the 18th consecutive session. The stock today slumped 5 per cent to settle at its lower circuit of Rs 1,024.95 against a previous close…

Domestic benchmark indices erased most of their early gains as the headline peers settled flat on Thursday. However, they managed to settle with gains for the straight third session. Buoyancy was seen in the broader markets for the…

Recent issues, especially those dealing with corporate governance in Indian businesses, will impact investor sentiments in the start-up segment, a report by market research platform, Tracxn has revealed. The report stated: “The recent news…

Sealmatic India (SIL)'s initial public offering (IPO) will open for subscription on Friday, February 17. The Maharashtra-based company is looking to raise Rs 56.24 crore from its initial share sale. The company will be selling its shares in…

Steel Authority of India (SAIL) has been shunned by brokerage firms after the company reported a disappointing performance in the December 2022 quarter. A majority of the brokerages are negative on the PSU metal player, while a few have…

Shares of Tejas Networks extended gains for the second consecutive session amid a rally in market today. Tejas Networks share gained 7.96% to  Rs 638 today amid high volumes traded on the BSE. At 2:15 pm, around 2.62 lakh shares of Tejas…

Shares of budget carrier SpiceJet rose sharply in Thursday's trade amid heavy volumes. The stock jumped 13.35 per cent to hit a day high of Rs 36.50 over its previous close of Rs 32.20. Around 6.56 lakh shares changed hands today on BSE,…

Housing Development Finance Corp raised its target of Rs 25,000 crore in India's largest privately placed corporate bond issue on Thursday, merchant bankers said. "The participation was from across investor categories, LIC (Life Insurance…

Top economist and former Chief Economic Adviser (CEA) Krishnamurthy Subramanian on Thursday said the rise in Adani Group stocks can't be termed as a "the biggest con in history" as alleged by US short seller Hindenburg Research in its…