Business

A host of companies will announce their quarterly results today including mortgage lender HDFC, jewellery maker Titan Company, FMCH major Dabur India and IT firms Birlasoft and eClerx Services. While HDFC is seen reporting a double digit…

Nifty on Wednesday erased entire Budget gains at fag-end of the session amid a  selling in Adani Group stocks. Nifty fell 45.85 points, or 0.26 per cent, to 17,616.30, even as Sensex ended up gaining 158.18 points, or 0.27 per cent, to…

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., left, arrives at federal court in San Jose, California, US, on Tuesday, Dec. 20, 2022. David Paul Morris | Bloomberg | Getty ImagesMeta reports fourth-quarter earnings on…

Job creation in the private sector plunged in January as weather-related issues sent workers to the sidelines, payroll processing firm ADP reported Wednesday.Companies added just 106,000 new workers for the month, down from an upwardly…

Most of Adani Group stocks plunged sharply on Wednesday, wiping out around Rs 7.4 lakh crore from the group's market capitalisation (m-cap) in five consecutive trading sessions. The stocks began falling after a report by US-based short…

Brody Longo works out on his Peloton exercise bike on April 16, 2021 in Brick, New Jersey.Michael Loccisano | Getty ImagesPeloton said Wednesday its net loss narrowed year over year, and, for the third quarter in a row, subscriptions…

Shares of Life Insurance Corporation of India (LIC) on Wednesday extended their fall for the fifth straight session. LIC's market capitalisation (m-cap) has shrunk around Rs 65,400 crore. The market valuation declined to Rs 3,78,740 crore…

After gyrating 2,000 points, it was the BSE Sensex that ended in the black on the Budget Day. Nifty was not that lucky, thanks to a selling pressure in two of its constituents. They were Adani Enterprises and Adani Ports & SEZ. As per…

Shares of life insurance companies fell up to 11 per cent on Wednesday after the Budget made tweaks to tax exemptions regarding life insurance policies. Sampath Reddy, Chief Investment Officer at Bajaj Allianz Life cited the FM announcement…

Domestic equity markets settled with modest gains on Wednesday as the initial union budget euphoria was soon fizzled out after Credit Suisse stopped accepting bond of Adani Group as for margin loans to its private banking clients. Benchmark…

Shares of Adani Green Energy fell up to 10% today amid a report that said Swiss lender Credit Suisse's private banking arm has assigned a zero lending value for notes sold by Adani Ports and Special Economic Zone, Adani Green Energy and…

In further trouble for Adani Group, a report on Wednesday said Credit Suisse Group AG has stopped accepting bonds of Gautam Adani’s group of companies as collateral for margin loans to its private banking clients. The move comes amid…

Shares of Adani group cement companies Ambuja Cements and ACC plummeted up to 20 per cent in Wednesday's trade, as rout in the Adani group stocks intensified, with Adani Enterprises sinking as much as 30 per cent in trade today. Ambuja…

Even as the Budget managed to impress Dalal Street analysts, the Sensex rally fizzled out, with the BSE index falling over 700 points at one point, down about 2,000 points over its day's high of 60,773.44. Adani group shares plunged up to…

Shares of Adani Ports and Special Economic Zone saw profit-booking in the final hours of trading as investors booked profit from the peak of Budget rally. The selloff started after a Bloomberg report stated that Credit Suisse’s private bank…

Shares of Adani Enterprises crashed in Wednesday's trade, halting their upward run of two straight sessions. The stock nosedived 34.72 per cent to hit a day low of Rs 1,942 against a previous close of Rs 2,975, just shy of its lower circuit…

Family offices of some Indian conglomerates are said to have participated in Adani Enterprises' Rs 20,000-crore follow-on public offer on Tuesday. HNI (high net worth investor) portion of the FPO was subscribed 3.31 times, thus helping the…

Shares of sugar and steel companies advanced as Union Budget 2023 boosted market sentiment. In her Budget speech, finance minister Nirmala Sitharaman announced that the custom duty exemption on manufacturing of cold rolled grain oriented…

Shares of telecommunication service providers and telecom infrastructure hogged the limelight after Finance Minister Nirmala Sitharaman said that the government will set up 100 labs to develop 5G applications. Following the announcement,…

Indian equity benchmarks rose sharply in Wednesday's trade as Finance Minister Nirmala Sitharaman began her Union Budget 2023-24 speech. The 30-share BSE Sensex pack climbed 605 points or 1.02 per cent to trade at 60,155, while the broader…

Shares of Adani Power fell sharply in Wednesday's trade to hit their lower price band amid heavy volumes. The stock plunged 5 per cent to hit its lower circuit level of Rs 212.75 against a previous close of Rs 223.90. Around 15.07 lakh…

Unabated offloading of shares by foreign institutional investors (FII) coupled with heavy selling in the Adani group of stocks at the fag end of January kept the market sentiment cautious last month. As a result, the benchmark BSE Sensex…

Finance Minister Nirmala Sitharaman will present the Modi government’s last full Budget before the General Election 2024. Investors are anxious ahead of the FM’s Budget speech after indices have turned negative on a year-to-date basis…

Snapchat founder and CEO Evan Spiegel attends a session during the Viva Technology show in Paris on June 17, 2022.Eric Piermont | AFP | Getty ImagesSnap shares slid more than 14% in extended trading on Tuesday after the social media company…

AMD Chair and CEO Lisa Su speaks at the AMD Keynote address during the Consumer Electronics Show (CES) on January 4, 2023 in Las Vegas, Nevada.Robyn Beck | AFP | Getty ImagesAMD reported fourth-quarter earnings on Tuesday, beating Wall…

Zerodha co-founder Nithin Kamath on Tuesday said "biggest reason active traders lose money is overtrading" and said a new change will come in the order form on the low-cost brokerage to help keep traders under check. "Traders forget that…

Pharma major Sun Pharma on Tuesday reported a rise in consolidated net profit by 5% in Q3FY23 with specialty portfolio driving the company’s growth. The company’s net profit stood at Rs 2,160 crore in Q3FY23 as compared to Rs 2,059 crore in…

Employment costs increased at a slower than expected pace in the fourth quarter, indicating that inflation pressures on business owners are at least leveling off.The employment cost index, a barometer the Federal Reserve watches closely for…

People exit the Spotify headquarters building in Lower Manhattan on January 23, 2023 in New York City.Eduardo MunozAlvarez | View Press | Corbis News | Getty ImagesSpotify shares popped as much as 9% early Tuesday after the company reported…

Vials containing the Pfizer/BioNtech vaccine against the coronavirus disease (COVID-19) are displayed before being used at a mobile vaccine clinic, in Valparaiso, Chile, January 3, 2022.Rodrigo Garrido | ReutersPfizer on Tuesday issued…