Business

Shares of PI Industries rose sharply in Thursday's trade after declaring December quarter (Q3 FY23) results. The stock surged 9.27 per cent to hit a day high of Rs 3,410.70 over its previous close of Rs 3,121.25. The company posted a 58.04…

Mutual funds were seen selling shares of KPIT Technologies (KPIT Tech), HCL Technologies, Tech Mahindra, Coforge, Tata Elxsi and Mphasis among other technology stocks in January. They were seen buying shares of TCS, Infosys, Wipro,…

Shares of Integra Essentia jumped 4 per cent during the early trade on Thursday after the company announced plans to acquire Chateau Indage Winery assets near Pune for worth Rs 40 crore. The company is entering the wine business with this…

Operator of India’s largest airline firm InterGlobe Aviation saw a huge block deal in which 1.7 crore shares changed hands today. The deal, which was worth Rs 3,221 crore, involved sale of a 4.4 percent stake in the airline company.…

Nestle India is all set to report its December quarter results today. The FMCG stock has delivered 5.5 per cent return in the last one year in line with the BSE Sensex's 5.65 per cent return. Analysts said one-off expenses in the base…

Global index provider MSCI said it will postpone the reduction of weightages of two Adani group companies namely Adani Total Gas and Adani Transmission to its next index review in May.  On February 8, 2023, MSCI had suggested that it will…

Shares of Adani Wilmar, which are down 56 per cent from their 52-week highs, have potential to test Rs 569 level, said KRChoksey Shares and Securities in a note. The target suggests a 43 per cent potential upside for the Adani group stock…

The S&P 500 ended higher on Wednesday after stronger-than-expected retail sales data offered evidence of resilience in the US economy, but gains were capped as investors worried about more interest rate hikes by Federal Reserve in the…

Bloomberg | Bloomberg | Getty ImagesShares of Zillow popped more than 3% Wednesday in extended trading after the company released fourth-quarter earnings that beat analysts' expectations on top and bottom lines.Here's how the company…

Cisco CEO Chuck Robbins participates in a Bloomberg Television interview at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2023.Hollie Adams | Bloomberg | Getty ImagesCisco shares rose as much as 8% in extended trading on…

A man photographs a Roblox banner displayed, to celebrate the company's IPO, on the front facade of the New York Stock Exchange (NYSE) in New York, March 10, 2021.Brendan McDermid | ReutersShares of Roblox popped 24% Wednesday after the…

Sales at retailers rose far more than expected in January as consumers persevered despite rising inflation pressures.Advance retail sales for the month increased 3%, compared with expectations for a rise of 1.9%, the Commerce Department…

Heinz brand tomato ketchup arranged in the Brooklyn borough of New York, US, on Friday, July 22, 2022. Kraft Heinz Co. is scheduled to release earnings figures on July 27.Gabby Jones | Bloomberg | Getty ImagesKraft Heinz on Wednesday beat…

Shares of Adani Group companies have recovered up to 75 per cent from their recent lows after a scathing report on the conglomerate by US short seller Hindenburg Research. All the 10 publicly-listed Adani stocks have declined up to 75 per…

Shares of Life Insurance Corporation of India (LIC), SBI Life Insurance and HDFC Life Insurance rose on Wednesday, halting their respective two-day fall. Life insurance companies took a sharp hit earlier this month after Union Budget 2023…

IndiGo shareholder Shobha Gangwal, the wife of the airline's co-founder Rakesh Gangwal, is likely to sell 4% stake in the airline on Thursday through a block deal, said a report on Wednesday.  The floor price for the block deal has been…

Domestic benchmark indices staged a smart recovery in the second half of the session and extended its gains for the straight second session on Wednesday. Buying in index heavyweights and positive global cues supported the market sentiments…

Macfos Limited's initial public offering (IPO) will kick off for subscription on Friday, February 17. The Pune-based e-commerce company is looking to mop up Rs 23.74 crore from its initial stake sale. The company will be selling its shares…

Barclays Bank buildingChris Ratcliffe | Bloomberg | Getty ImagesLONDON — Barclays on Wednesday reported a full-year net profit of £5.023 billion ($6.07 billion) for 2022, beating consensus expectations of £4.95 billion but suffering a 19%…

Mutual funds increased exposure to many new-age stocks including FSN E-Commerce Ventures (Nykaa), One97 Communications (Paytm), PB Fintech (Policybazaar) and Zomato in January amid December quarter earnings. A few new-age companies later…

Manaksia returned to the black in the December 2022 quarter as the company reported a net profit at Rs 6.2 crore in the given period. The company had reported a net loss in the 0.27 crore same quarter a year ago. On a sequential basis…

Shares of Eicher Motors rose sharply in Wednesday's trade after announcing the December quarter results. The stock jumped 5.20 per cent to hit a day high of Rs 3,340 over its previous close of Rs 3,174.85. The company reported a 62.42 per…

Men wearing military uniform walk along Red Square in front of St. Basil's Cathedral in central Moscow on February 13, 2023.Alexander Nemenov | Afp | Getty ImagesThe coming months will be critical in figuring out how Russia's economy is…

Analysts on Dalal Street retained their mixed views on the publicly-listed Adani group of companies post Q3 results, citing valuation concerns despite up to 71 per cent drop in the 10-listed stocks since the Hindenburg Research report. Data…

Shares of Gujarat Mineral Development Corporation (GMDC) jumped about 12 per cent in Wednesday's trade after the company reported a strong performance in the period that ended on December 31, 2022.GMDC reported a 97 per cent year-on-year…

Shares of Khaitan Chemicals hit a fresh 52-week low today amid growing worries of investors over the decline of the multibagger scrip in the last one year.  In fact, the stock has slipped 61.70% from its 52-week high of Rs 156.95 hit on…

Shares of Chemplast Sanmar are in focus after the company reported its earnings for the quarter ended December 2022. The stock jumped over 2 per cent to hit a day's high of Rs 423.55 on BSE on Wednesday. The company's net profit declined…

In its January 24 note, short seller Hindenburg Research said seven of Adani Group key listed companies have 85 per cent downside potential purely on a fundamental basis, owing to sky-high valuations. That, it said, was after ignoring the…

Kitex Garments' shares tanked about 14 per cent during the early trade on Wednesday, after the company reported a disappointing performance in the period ending December 31, 2022. The company reported a loss in the December 2022 quarter.…

Shares of Torrent Power rose in early trade today after the firm logged a 86% YoY growth in consolidated profit for the quarter ended December 2022. Profit rose to Rs 684.60 crore in Q3 against Rs 368.08 crore in the corresponding quarter…