Business

Domestic equity indices ended the session with big cuts on Wednesday as negative news flow at both domestic and global levels triggered the sell-off amid F&O expiry of January series contracts. Sensex plunged 773.69 points or 1.27 per…

Two stocks Metro Brands and Surya Roshni will go ex-dividend on Friday. Abirami Financial Services will go ex-share buyback. Bajaj Finance, Vedanta, Aditya Birla Sun Life AMC, Godfrey Phillips India, Sterlite Technologies, Anupam Rasayan,…

Intel CEO Pat Gelsinger stands in front of a cathedral in the German city of Magdeburg on Nov. 12, 2022. During his visit, Gelsinger also visited the planned site of the Intel Gigafactory in the Eulenberg industrial park.…

Travelers check in at a Southwest Airlines ticket counter during the busy Christmas holiday season at Orlando International Airport on December 28, 2022 in Orlando, Florida.Paul Hennessy | Anadolu Agency | Getty ImagesSouthwest Airlines…

The U.S. economy finished 2022 in solid shape even as questions persist over whether growth will turn negative in the year ahead.Fourth-quarter gross domestic product, the sum of all goods and services produced for the October-to-December…

Comcast on Thursday reported fourth-quarter earnings that topped analyst expectations despite persistent softness in broadband subscriber growth and mounting losses from its streaming service, Peacock. The company's top-line growth was…

Employees of American Airlines help check in passengers at Ronald Reagan Washington National Airport on January 11, 2023 in Arlington, Virginia.Alex Wong | Getty ImagesAmerican Airlines' fourth-quarter profit beat analysts' expectations as…

A pedestrian walks in front of an AT&T location in New York.Scott Mlyn | CNBCAT&T shares jumped on Wednesday after the carrier reported fourth-quarter subscriber growth that exceeded Wall Street's estimates, shrugging off its…

A pair of Levi's selvedge denim jeans arranged in Louisville, Kentucky.Luke Sharrett | Bloomberg | Getty ImagesLevi Strauss on Wednesday posted earnings and revenue that topped Wall Street's expectations. Shares of the company rose in…

IBM CEO Arvind Krishna speaks at a panel session at the World Economic Forum in Davos, Switzerland, on Jan. 17, 2023.Stefan Wermuth | Bloomberg | Getty ImagesIBM reported quarterly revenue on Wednesday that topped analysts' estimates,…

Marquee investors Maybank Securities, Abu Dhabi Investment Authority were among the marquee investors to pick up stake in Adani Enterprises' Rs 20,000-crore follow-on public offering on Wednesday, which coincided with a short-seller report…

Hong Kong, China, 13 Sept 2022, A red Tesla car passes in front of a Tesla dealership in Wanchai. (Photo by Marc Fernandes/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesElectric vehicle maker Tesla plans to report…

In an important analysis done by the capital markets regulator Securities and Exchange Board of India (Sebi), it has been found that while the number of individual traders in the equity derivatives segment registered an exponential rise…

As many as 89 per cent of the individual traders lost their money in the F&O segment in FY22; they witnessed an average loss of Rs 1.1 lakh during the year, according to market regulator Securities and Exchange Board of India. While…

A Boeing 747-8F operated by AirBridgeCargo takes off from Leipzig/Halle Airport.Jan Woitas | Picture Alliance | Getty ImagesBoeing posted a $663 million loss in the fourth quarter as supply chain issues weighed on results despite a rebound…

Market capitalisation of the ten listed Adani Group stocks took a beating on Wednesday amid a report by Hindenburg Research claiming that the Indian conglomerate had engaged in stock manipulation and accounting fraud scheme over the course…

Drug major Cipla on Wednesday reported a 7 percent increase in its consolidated net profit at Rs 808 crore in the third quarter that ended December 2022, aided by robust sales in the US market. The Mumbai-based drug maker had reported a…

Dr Reddy's Laboratories Ltd on Friday said its consolidated profit after tax (PAT) for the quarter ended December 31, 2022, was up by 77 percent at Rs 1,247.1 crore as against Rs 706.5 crore in the same quarter a year ago. Revenues during…

Shares of online food aggregator Zomato fell sharply on Wednesday amid heavy volumes, tracking overall weakness in the domestic benchmarks. The stock today plunged 8.25 per cent to settle at Rs 47.80 over its previous close of Rs 52.10.…

Indian equity benchmarks fell sharply on Wednesday, dragged by losses HDFC twins (HDFC and HDFC Bank), index heavyweight Reliance Industries, ICICI Bank and State Bank of India (SBI). The 30-share BSE Sensex pack slumped 774 points or 1.27…

Vedanta will announce its quarterly results on Friday. Analysts largely expect the Anil Agarwal-led company to report a 70 per cent plunge in net profit for the December quarter on an up to 10-12 per cent fall in sales. Margin is seen…

Dutch chip equipment maker ASML forecast a jump in 2023 revenue as the semiconductor industry predicts there will be a reacceleration of growth in the second half of this year.ASML is one of the world's most important companies in the chip…

Domestic equity indices ended the session with big cuts on Wednesday as negative news flow at both domestic and global levels triggered the sell-off amid F&O expiry of January series contracts. Indian stock markets will remain shut on…

Shares of South Indian Bank surged on Wednesday after declaring the December quarter (Q3 FY23) results. The stock settled 6.33 per cent higher at Rs 17.65 over its previous close of Rs 16.60 on BSE. South Indian Bank's net profit came at Rs…

Shares of Tatva Chintan Pharma Chem fell sharply in Wednesday's trade after announcing the December quarter (Q3 FY23) results. The stock slipped 5.44 per cent to hit a day low of Rs 2,066 over its previous close of Rs 2,184.90. Tatva…

Shares of SBI Cards and Payment Services fell for the second straight session today after the arm of country’s largest lender SBI reported December quarter earnings that came below expectations. SBI Cards and Payment Services stock slipped…

Adani Enterprises has finalised anchor book for its forthcoming Rs 20,000 crore follow-on public offer (FPO), as per a Bloomberg report. The report suggested the issue was subscribed 1.8-2 times and that International Holding Co PJSC, Abu…

Ambuja Cement and ACC shares cracked sharply amid the steep fall in the broader markets on Wednesday. The cement firms, which were recently acquired by the Gautam Adani-led Adani Group plunged a s much as 10 per cent during the trading…

Shares of seven Adani group stocks lost Rs 55,000 crore in market capitalisation (m-cap) in Wednesday's session after Reuters cited a report by short seller Hindenburg suggesting seven of the Adani group listed companies have an 85 per cent…

Stock of Tata Steel was the top Sensex gainer in a weak market today amid reports of a large trade in the Tata Group stock.  A large deal of Tata Steel shares took place in early trade with 84.3 lakh shares (0.7% equity) worth Rs 101.8…