Business

The CEO of Norway's $1.3-trillion oil fund said the world’s largest sovereign wealth fund has been reducing stakes in Adani Group companies owing to the "complex situation" arising out of potential risks attached to the ports-to-power…

Sun Pharma on Tuesday said its consolidated net profit increased 5 per cent to Rs 2,166 crore in December quarter 2022-23, helped by robust sales across domestic as well as US market. The Mumbai-based company had logged a net profit of Rs…

Shares Kalyan Jewellers India rose sharply on Tuesday, halting their losing run of four straight sessions. The stock advanced 12.32 per cent today to close at Rs 118.05 over its previous close of Rs 105.10. Technical analysts remained mixed…

UPS electric vehicle delivery van on 2nd December 2022 in London, United Kingdom.Mike Kemp | In Pictures | Getty ImagesUnited Parcel Service reported fourth-quarter revenue below Wall Street's expectations Tuesday morning, as the company…

Domestic equity markets ended the volatile session on flat note, recovering from the early losses after the Economic Survey was tabled in the Parliament. Traders will be keenly awaiting the Union Budget for the upcoming fiscal, which will…

Amid much drama, Adani Enterprises' Rs 20,000-crore follow-on public offer (FPO) sailed through on Day 3 of share sale, but saw muted response from retail investors, employees. The quota reserved for qualified institutional bidders (QIBs)…

The latest euro zone growth numbers are out as the ECB considers what to do next.Nurphoto | Nurphoto | Getty ImagesThe euro zone beat expectations on Tuesday by posting positive growth in the final quarter of 2022 and reducing fears of a…

UBS' fourth-quarter profit beat market expectations, but the Swiss banking giant reported a fall in revenues on the back of weaker client activity and warned of an "uncertain" year ahead.The bank reported $1.7 billion of net income for the…

Vikash EcoTech is likely to raise funds via multiples means. The company board has approved the fundraising plans on Monday, it said in an exchange filing. The smallcap company is looking to raise up to Rs 150 crore, the company said.…

Adani Enterprises' Rs 20,000-crore follow-on public offer (FPO) gathered momentum on the final day of bidding and got fully subscribed today. The issue, which was subscribed 1.12 times, received bids for 5,08,68,352 shares against the total…

Shares of Astec Lifesciences fell sharply in Tuesday's trade after the company declared its earnings for the December quarter. The stock plunged 14.24 per cent to hit a day low of Rs 1,304.45 over its previous close of Rs 1,521.10. The…

KPIT Technologies' shares jumped about 6 per cent during the trading session on Tuesday ahead of the its quarterly results later in the day. A number of brokerage firms are positive on company's quarterly earnings, particularly considering…

On its last day, the Rs 20,000 crore Adani Enterprises follow-on public offer (FPO) gathered momentum, getting 40 per cent bids by 1 pm, still away from getting fully subscribed.  The issue received bids for 1,83,55,956 shares against the…

The combined investment value of retail investors and high networth individuals in the Adani group of companies plunged by over Rs 12,500 crore from January 24, 2023, to January 30, 2023. Shares of the group witnessed a heavy selloff after…

A sign is posted in front of a McDonald's restaurant on April 28, 2022 in San Leandro, California.Justin Sullivan | Getty ImagesMcDonald's is expected to report its fourth-quarter earnings before the bell Tuesday.Here's what analysts…

Shares of Adani Green tanked 9.61 per cent today to hit their 52-week low level of Rs 1,073.60 against a previous close of Rs 1,187.70. The stock stood slightly above its lower circuit (10 per cent) of Rs 1,068.95. At today's low-price…

Adani Group stocks continued their downward trend in Tuesday's trade, in line with overall weakness in the domestic equity benchmarks. The stocks started tumbling after a report by US-based short seller Hindenburg Research alleged that the…

Mary Barra, CEO, GM at the NYSE, November 17, 2022.Source: NYSEDETROIT — General Motors is set to report its fourth-quarter earnings before the bell Tuesday. Here's what Wall Street is expecting, according to Refinitiv consensus…

Shares of Adani Enterprises jumped 5 per cent in Tuesday's trade after International Holding Company (IHC) announced Rs 3,200 crore investment in the Adani group flagship's follow-on public offer (FPO). Adani Ports & SEZ was trading…

A host of companies including Sun Pharmaceutical Industries, Jindal Steel & Power, KPIT Technologies, ACC and Coal India, among others are scheduled to report December quarter results on Tuesday. Among them, Jindal Steel and ACC are…

The IMF has revised its global economic outlook upwards.Norberto Duarte | Afp | Getty ImagesThe International Monetary Fund on Monday revised upward its global growth projections for the year, but warned that higher interest rates and…

Domestic stock indices Monday’s session with modest gains, ahead of the Union Budget and the US Federal Reserve’s policy review. Sensex gained 169.51 points, or 0.29 per cent, to 59,500.41. Nifty settled the day at 17,648.95, up 44.60…

A follow on share sale of Adani Group's flagship company, Adani Enterprises, was on Monday subscribed just 3 per cent on Day 2 amid a scathing report by a US short seller Hindenburg Research. On Monday, the company's scrip on BSE closed 4%…

Punjab National Bank has a total exposure of Rs 7,000 crore to Adani Group, but there is currently no worry pertaining to those accounts, the state-run lender's managing director and chief executive said on Monday. Last week, US…

Country’s biggest institutional investor, Life Insurance Corporation of India (LIC), in a clarification on January 30 said that the market value of its holding in the Adani Group's companies stood at Rs 56,142 crore on January 27, 2023…

Most of Adani Group stocks continued to decline on Monday, wiping out around Rs 5.5 lakh crore from the group's market capitalisation (m-cap) in three consecutive trading sessions. The stocks cracked after a report by US-based short seller…

International Holding Company (IHC), the diversified Abu Dhabi-based conglomerate, on Monday said it would be investing $400 million (Rs 3,200 crore) into the Adani Enterprises' Rs 20,000-crore follow-on public offer (FPO) through its…

Domestic equity markets ended the volatile trading session with gains on Monday ahead of key economic events. The Union Budget and US Federal Reserve policy meeting, scheduled later this week, will be key event to watch out in the near…

Larsen & Toubro (L&T) on Monday reported a 24.24 per cent year-on-year (YoY) rise in net profit at Rs 2,552.92 crore for the December quarter compared with Rs 2,054.74 crore in the same quarter last year. Revenue for the quarter…

Shares of Bajaj Auto slipped more than 2 per cent on Monday, pausing their upward move of four consecutive sessions. The stock fell 2.45 per cent to settle at Rs 3,841.15 today over its previous close of Rs 3,937.70. Around 16,000 shares…