Business

Domestic equity markets settled higher on Wednesday, after a weakness for a couple of sessions. The street cheered the RBI's monetary policy as the central bank increased repo rate by 25 basis points, on the expected lines. The recovery in…

Shares of Adani Total Gas on Wednesday extended their fall for the 12th straight session. The stock plunged 5 per cent today to hit an intraday low -- also its 52-week low -- of Rs 1,394.15 against a previous close of Rs 1,467.50. The scrip…

Societe Generale on Wednesday reported a 64% drop in annual net profits for 2022, weighed on by lower activity in its domestic banking unit, currency effects and increased operating expenses.The French bank said net income came in at 1.16…

Adani Wilmar on Wednesday reported a 16 per cent year-on-year (YoY) rise in consolidated net profit at Rs 246 crore for the December quarter compared with Rs 211 crore in the corresponding quarter last year. Revenue for the quarter rose 7…

Shares of Mukesh Ambani-led conglomerate Reliance Industries Ltd (RIL) have lost 14% in over two months, making the recently announced price targets for the large cap stock look distant. RIL shares have fallen 14.34 percent from Rs 2732 on…

Shares of new-age tech companies were on a roll in Wednesday's trading session. Paytm stock jumped over 9.4 per cent to hit a day's high of 644.90 and shares of Zomato also zoomed over 9 per cent to hit a day's high of Rs 53.9 on the Bombay…

Even for seasoned investors, market volatility may be a frightening and stressful experience. Despite the fact that there is no foolproof method to foresee and guard against such market volatility, investors can try to reduce the impact…

Adani Enterprises, the flagship firm of Adani Group, has turned into a multibagger in just four trading sessions. The stock has more than doubled investors' wealth after the latest rout in the listed companies of the Gautam Adani-led…

Shares of Zomato rose over 8 per cent in early trade amid a rally in the broader market today. The rise in Zomato stock comes amid founder of the food aggregator firm Deepinder Goyal congratulating Paytm and its founder Vijay Shekhar Sharma…

Tata Steel, Tata Power & Tata Consumer Products are among Tata group companies, which have come out with their December quarter results of late. While Tata Power and Tata Consumer Products (TCPL) reported strong set of numbers, Tata…

The Reserve Bank of India (RBI) on Wednesday hiked repo rate for the sixth consecutive time in the ongoing financial year by 25 basis points to 6.50 per cent. The central bank stood focused on its stance of withdrawal of accommodation to…

Adani Port and Special Economic Zone (APSEZ) which reported a miss in the Q3 earnings on Tuesday, has seen a price cut from Kotak Institutional Equities (KIE) but the brokerage remains positive on the counter and pegs its fair value at Rs…

Adani group stocks continued with their recent recovery in Wednesday's trade with shares of the group flagship Adani Enterprises climbing 10 per cent. A host of steps by the group including the prepayment of loans instilled confidence among…

Macquarie, which on the day of One97 Communications (Paytm) listing called the Vijay Shekhar Sharma-led company a cash guzzler and cut the stock's target to as low as Rs 450 recently, has doubled upgraded the stock to 'Outperform' from…

Domestic stock indices extended their weakness for another trading session and settled lower on Tuesday ahead of the RBI's monetary policy outcome later on Wednesday. The BSE Sensex fell 220.86 points, or 0.37 per cent, to 60,286.04. Nifty…

US stocks rallied to a convincingly higher close on Tuesday, but trade was choppy as investors digested comments from Federal Reserve Chair Jerome Powell about how long the central bank may need to tame inflation. Powell said 2023 should…

A Chipotle restaurant and signage is seen on February 09, 2022 in Miami, Florida.Joe Raedle | Getty ImagesChipotle Mexican Grill on Tuesday reported weaker-than-expected quarterly earnings and revenue, signaling that its price hikes may…

Rental car giant Hertz reported fourth-quarter earnings that were better than Wall Street expected, on renewed demand for travel as the Covid-19 pandemic eased in many parts of the world.The company also benefited from improved operating…

It all started after US Hindenburg Research published a report on the Adani Group. The total m-cap of the group tanked to Rs 9.93 lakh crore on February 7, 2023, from Rs 19.20 lakh crore as on January 24, 2023. However, some Adani Group…

Shares of Balaji Amines declined on Tuesday, extending their fall for the second straight session after the company declared its December quarter results. The stock today plunged 5.61 per cent to settle at Rs 2,172.30 over its previous…

Shares of Ambuja Cements closed in the green today after the cement maker reported a 46 per cent rise in its standalone profit. Profit climbed to Rs 368.99 crore in Q3 of the current fiscal compared to Rs 252.81 crore in Q3FY22. Ambuja…

SoftBank's Vision Fund, the brainchild of the company's founder Masayoshi Son, has faced a number of headwinds including a slump in technology stocks as a result of rising interest rates, a tough China market and geopolitics.Kentaro…

Shares of Gland Pharma rose over 12% amid a weak sentiment in the broader market today. Gland Pharma stock zoomed 12.49% intraday to Rs 1320.80 against the previous close of Rs 1174.10 on BSE. It was among the top gainers on BSE today.…

Domestic equity markets extended their weakness for the second straight session ahead of the US Federal Reserve chair's speech later in the day. Traders would be looking for the monetary tightening guidance in the coming days after strong…

Bharti Airtel on Tuesday reported 91.5 per cent year-on-year (YoY) rise in consolidated net profit at Rs 1,588 crore compared with Rs 830 crore in the same quarter last year. The telecom operator said its consolidated total revenues for the…

Billionaire Gautam Adani re-entered the top 20 global billionaires list amid the ongoing recovery in the select shares of the group companies. With a net worth of $61.40 billion, Adani now stands at 17th spot in the Forbes real-time…

Oil major BP on Tuesday reported record annual profits, more than doubling last year's total as fossil fuel prices soared following Russia's full-scale invasion of Ukraine.The British energy giant posted underlying replacement cost profit,…

Shares of One 97 Communications, Paytm's parent, jumped 20 per cent in Tuesday's trade to hit the upper price band of Rs 669.60 against a previous close of Rs 558 after the company's quarterly results beat Street expectations. At today's…

Shares of Berger Paints India were trading in the red on Tuesday despite the firm’s fully automated manufacturing facility at Sandila commencing production on Monday. Berger Paints stock opened on a flat note at Rs 564.50 against the…

PVR and Inox Leisure on Tuesday fixed February 17 as the record date for the scheme of amalgamation between the two multiplex players. On that day, PVR would determine shareholders of Inox Leisure to whom equity shares of the company would…