Business

Adani Ports and Special Economic Zone (Adani Ports) reported a 13 per cent year-on-year (YoY) decline in the profit after tax (PAT) at Rs 1,336.51 crore in the quarter ended on December 31, 2022. The company had reported a profit after tax…

Most of the stocks in the BSE Sensex pack reported growth in their net sales, operating profit and net profit figures for the quarter that ended December 31, 2022. However, Maruti Suzuki stood out with a superlative performance in terms of…

IRB Infrastructure Developers' shares surged as much as 6 per cent in Tuesday's trade after the company announced the record date for sub-division of its equity shares. The proposal for the same has been approved by the shareholders via…

Vikas Lifecare is set to acquire Kohinoor Food and both the counters traded mixed in Tuesday's trade. The company board of Kohinoor Foods reviewed and approved the proposal of Vikas Lifecare for strategic investment, whereas its earnings…

Shares of Tata Steel were trading lower today after the metal firm reported a weak set of earnings for the quarter ended December 2022. Tata Steel logged a net loss of Rs 2,502 crore for the quarter ended December 31, 2022 as against net…

Asian share markets stabilised somewhat on Tuesday after steep losses in the past 24 hours, while the U.S dollar remained elevated as investors considered the prospects interest rates would remain higher for longer in many developed…

Domestic equity markets settled sharply lower on Monday amid the fears of global rate hikes following strong US jobs data. Selling in index heavyweights like IT and banking dragged the indices sharply lower during the session. Adani Group…

US stocks ended lower on Monday as investors shifted gears after considering the possibility that the US Federal Reserve may take longer to start cutting interest rates. Traders are keeping a close eye on speeches by Fed officials this…

A banner for the online image board Pinterest Inc. hangs from the New York Stock Exchange on the morning that Pinterest makes its initial public offering on April 18, 2019.Spencer Platt | Getty ImagesPinterest shares sank as much as 12%…

Shares of State Bank of India (SBI) on Monday climbed for the third straight session. The stock edged 0.17 per cent higher today to settle at Rs 545.35. The scrip has climbed 3.46 per cent in three days. At today's closing value of Rs…

Domestic equity markets settled sharply lower on Monday amid the fears of global rate hikes following strong US jobs data. Selling in index heavyweights like IT and banking dragged the indices sharply lower during the session. Adani Group…

Valuation guru Aswath Damodaran says if Adani Group happens to default on its debt, he hopes it starts with the green bond holders. "I cannot think of a group that deserves default more," he said in his latest blog Musings on Markets.  …

Shares of Adani Power fell for the eight straight session today amid a rout in the Adani Group stocks, triggered by allegations from Hindenburg Research related to accounting frauds, stock manipulations and money laundering. In the last…

Since January 24, when Hindenburg Research published a study accusing the Gautam Adani group of market manipulation, the Adani Group stocks has fallen precipitously. Now, former Indian cricketer Virender Sehwag has come out in support of…

Valuation guru Aswath Damodaran believes Hindenburg's description of Adani as "the biggest con" in history is a "hyperbole". Damodaran, who teaches corporate finance and valuation at the Stern School of Business at New York University, said…

Adani Ports and Special Economic Zone's (Adani Ports) shares made a quick rebound from the early day cuts and rallied as much as 11 per cent from the day's low. The company is scheduled to announce its earnings for the period on December…

Promoters of Adani Group have posted the amounts to prepay $1.1 billion of share-backed facility of its maturity of September 2024, said the conglomerate's spokesperson on Monday.  "In light of recent market volatility and in continuation…

Shares of Procter & Gamble Health rose sharply in Monday's trade amid heavy volumes, extending their upward move for the second consecutive session. The stock zoomed 15.24 per cent to hit a day high of Rs 4,721.20 over its previous…

Shares of budget airline IndiGo’s operator InterGlobe Aviation were trading in the red today despite the firm reporting a multifold rise in profit for the quarter ended December 2022.  Net profit zoomed eleven times in the third quarter,…

Mahindra & Mahindra Financial Services (M&M Finance) stock jumped in Monday's trade after announcing the third quarter, which ended December 2022 (Q3 2022-2023), results. The shares hit a day high -- also a 52-week high -- of Rs…

Rajesh Exports' shares hit a new 52-week high on Monday as the stock jumped about 10 per cent during the early trading session. The gold retailer has been moving higher at Dalal Street over the sharp rise in gold prices in the domestic and…

Tata Power's December quarter revenue, although strong, fell short of analyst estimates. The Tata group reported almost doubling of profit, which met analyst projections. A couple of brokerages have a 'hold' call on the stock despite the…

Shares of Paytm (listed as One97 Communications) gained over 7 per cent on Monday after the payment gateway services provider turned positive at the operating level three quarters ahead of its guidance. It reported EBITDA before ESOP of Rs…

Domestic equities took a sharp relief rally on Friday after Adani stocks rout. Optimism over easing inflation, nearing of the end of interest rate hike cycle and buying in financial stocks pushed the markets higher. Sensex rallied 909.64…

Shares of three companies including Sona BLW Precision, Container Corporation of India (Concor) and Siyaram Silk Mills will turn ex-dividend while those of Patel Engineering would go ex-rights on Monday. A host of companies including Adani…

In the coming week, traders would be awaiting the Reserve Bank of India’s (RBI) monetary policy statement for the current financial year (2022-23), which will be announced on February 8. Dalal street expects the central bank to hike the…

Rally in later part of the week helped Indian equity benchmarks to end in green and reclaim their crucial levels, as the market gave thumbs up to the Union Budget 2023-24. For the day, the 30-share pack BSE Sensex rallied 909.64 points, or…

An employee works at the BMW manufacturing plant in Greer, South Carolina, October 19, 2022.Bob Strong | ReutersA decrease in the unemployment rate of Black women is heartening, but labor experts warn that the trend shouldn't create any…

Sebi on Friday provided two additional methods -- rights issue of shares as well as issuance of bonus shares to public shareholders -- to listed companies to achieve compliance with the 25 per cent minimum public holding requirement. The…

The U.S. economy added far more jobs than expected in January, boosted by a jump in leisure and hospitality employment.That one service sector saw an increase of 128,000 jobs in the month, led by 99,000 positions at restaurants and bars…