Business

Stock of KPIT Technologies has turned into a multibagger in the last three years, rising from Rs 91.2 on February 12, 2020 to Rs 873 today, delivering 857% returns during the period. An amount of Rs 1 lakh invested in KPIT Technologies…

Shares of City Union Bank tanked in Monday's trade after announcing the December quarter (Q3 FY23) results. The stock slumped 16.75 per cent to hit a day low of Rs 133.20 over its previous close of Rs 160. The private sector lender reported…

Suzlon Energy, Adani Ports and Bharti Airtel were among top stocks where high net-worth individuals (HNIs) raised stakes in the December quarter, as per PRIME Database. Net-net, HNIs were seen increasing stakes in a total of 808 stocks…

Shares of speciality chemicals manufacturer Galaxy Surfactants rose over 12% today after the firm reported a 132% rise in profit for the quarter ended December 2022. Galaxy Surfactants stock climbed 12.22% to Rs 2606 against the previous…

Apollo Micro Systems' shares hit their upper circuit on Monday after the company announced its results for the period ended on December 31, 2022. The counter jumped 5 per cent, its circuit limit, on the back of strong quarterly performance…

Shares of Info Edge (India) Ltd slipped nearly 10% today after the firm reported a loss Rs 116.5 crore for the third quarter ended December 2022 against a net profit of Rs 4,601.8 crore in the corresponding quarter of the previous fiscal.…

A host of companies including FSN E-Commerce Ventures (Nykaa), SAIL, Gujarat Gas and ZEE Entertainment will announce their quarterly results today. SAIL and ZEE Entertainment are expected to report sharp falls in December quarter profit.…

Domestic equity markets kicked of the week on a muted note amid the mixed global cues on Monday. However, traders awaited clear directions for the markets.  Adani Group and Hindenburg saga will be heard in Supreme Court today. At 9.20 am,…

Two Adani group stocks Adani Ports and Special Economic Zone and Ambuja Cements have been removed from the additional surveillance measures (ASM) framework with effect from Monday. These were among the three group stocks, including Adani…

Domestic benchmark indices snapped the two-day winning streak on Friday amid fears of recession in developed economies. The BSE Sensex slipped 123.52 points, or 0.20 per cent, to 60,682.70. NSE's Nifty50 index shed 36.95 points, or 0.21 per…

A Now Hiring sign is seen inside a WholeFoods store in New York City.Adam Jeffery | CNBCRecession-like conditions rolling through the U.S. economy are likely to cause more ripples through an otherwise strong jobs market."Rolling recessions"…

In the coming week, market participants will be looking for the major macroeconomic data starting with Consumer Price Index (CPI) for January to be out on Monday, February 13. Also, the Wholesale Price Index (WPI) data for January will be…

It turned out to be a quiet week of trade for Indian equity benchmarks ase markets ended almost flat with a negative bias. While BSE Sensex slipped 159 points, or 0.3 per cent, at 60682.7, the Nifty moved 2.5 points up, closing almost flat,…

Three Adani Group companies, Adani Ports and Special Economic Zone, Adani Transmission and Adani Green Energy, have pledged shares for lenders of Adani Enterprises, SBICAP Trustee Co said in an exchange filing on Friday. SBICAP Trustee Co…

The National Stock Exchange has on Friday removed Adani Ports and Special Economic Zone and Ambuja Cements from the additional surveillance framework with effect from February 13. NSE's move comes days after the exchange had placed three…

Shares of online food aggregator Zomato slipped more than 2 per cent on Friday, snapping their winning run of three straight sessions. The stock fell 7.45 per cent to hit an intraday low of Rs 50.35. It eventually settled 2.02 per cent…

Air travelers walk toward a Lyft pickup area at Los Angeles International Airport (LAX) on August 20, 2020 in Los Angeles, California.Mario Tama | Getty ImagesLyft shares fell more than 30% during after-hours trading after issuing weak…

Asia Index Pvt Ltd on Friday said Adani Wilmar, AGS Transact Technologies and Vedant Fashions would be dropped from the S&P BSE IPO (initial public offering) index. The reconstitution would be effective February 20, 2023, S&P Dow…

Domestic equity markets snapped the two-day winning streak and settled lower on Friday amid the weak global cues over recession fears. However, traders across the globe will be eyeing US inflation data, scheduled next week. Back home,…

Global brokerage firm Morgan Stanley believes that the benchmark equity index BSE Sensex may hit the 68,500 mark in the base case scenario by the end of December 2023, indicating an upside of 12 per cent from the February 10 close of…

Moody's Investors Service on Friday said it has changed the outlook on four Adani group issuers to negative from stable, while maintaining the stable outlook on other four companies. Net-net, it affirmed the ratings on eight Adani Group…

SMIC's 14nm chip yield has reached industry production level.Future Publishing | Getty ImagesChina's biggest chipmaker SMIC posted record revenue in 2022, despite ongoing U.S. sanctions, but warned of a more difficult year ahead given a…

After Zomato and BigBasket, Alibaba sold its entire stake in One97 Communications (Paytm) in a block deal on Friday, stated a report. A total of 3.4 per cent equity or 2.1 crore shares changed hands in the block earlier today, the report…

YES Bank, PB Fintech, Reliance Infrastructure, GMM Pfaudler, PVR and South Indian Bank were among companies which saw a sequential rise in foreign institutional investor (FII) holdings in the December quarter. One97 Communications (Paytm),…

Veerkrupa Jewellers, an SME-listed smallcap jewellery company, has announced a stock split and issuance of bonus equity shares. The board of Veerkrupa Jewellers has approved the same. The company has informed the bourses about the corporate…

Shares of Indian Railway Catering and Tourism Corporation Ltd (IRCTC) fell after four sessions today as the state-owned firm announced its earnings for the quarter ended December 2022 on February 9, 2023. IRCTC, the tourism and ticketing…

Market regulator Securities and Exchange Board of India (SEBI) is investigating Adani Group's links to some of the investors in the aborted $2.5-billion share sale of Adani Enterprises, two sources said, amid growing concern in New Delhi…

Late ace investor Rakesh Jhunjhunwala's select picks including Titan Company, Tata Motors, Canara Bank, Escorts Kubota and Karur Vysya Bank continue to draw analysts' attention who remain positive on these counters. The Dalal Street legend,…

IRB Infrastructure Developers' shares have been moving higher for the last three sessions on the back of multiple news flows. In various exchange filings, the company has informed the bourses about the record date for stock split,…

Life Insurance Corporation of India (LIC) increased stakes in 71 listed companies including IRCTC, Voltas, Mphasis and Tech Mahindra (TechM) in the December quarter. These 71 stocks saw an average of 1.56 per cent rise in average prices,…