Business

In this photo illustration, the Penn Entertainment logo is displayed on a smartphone mobile screen.Rafael Henrique | SOPA Images | Lightrocket | Getty ImagesPenn Entertainment on Thursday became the first U.S. gambling company to post a…

The employment picture started off 2023 on a stunningly strong note, with nonfarm payrolls posting their strongest gain since July 2022.Nonfarm payrolls increased by 517,000 for January, above the Dow Jones estimate of 187,000. The…

Shares of ACC and Ambuja Cements on Friday extended their gains for the second straight session. ACC settled 4.39 per cent higher at Rs 1,926.30 over its previous close of Rs 1,845.35. The stock has rebounded 4.44 per cent in two days. In a…

Adani Group has lost Rs 9 lakh crore m-cap in the last seven trading sessions. The total m-cap of the group tanked to Rs 10 lakh crore on February 3, 2023, from Rs 19.2 lakh crore as of January 24, 2023. Adani Power, Adani Total Gas, Adani…

InterGlobe Aviation Ltd, the operator of India's top airline IndiGo, on Friday reported an eleven-fold jump in quarterly profit led by a pick up in demand for air travel. The airline has been contending with surging fuel costs and currency…

Domestic equity equity 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. Traders cheered…

State Bank of India (SBI) on Friday reported a 68.47 per cent year-on-year (YoY) jump in net profit at Rs 14,205.34 crore for the December quarter compared with Rs 8,431.88 crore in the same quarter last year. Net interest income (NII) for…

Life Insurance Corporation of India (LIC) is not only the largest insurance company of India but it is also the biggest institutional investor in the Indian stock markets – much bigger than the biggest foreign portfolio investors (FPIs).…

Bank of Baroda (BoB) on Friday reported 75 per cent surge in standalone net profit at Rs 3,853 crore for the third quarter ended December 31, 2022 as bad loans declined. The state-owned bank had earned a net profit of Rs 2,197 crore in the…

Shares of Hindustan Construction Co (HCC) fell sharply in Friday's trade amid heavy volumes. The stock plunged 20 per cent to hit its lower circuit of Rs 14.75 over a previous close of Rs 18.40. Around 126.02 lakh shares changed hands today…

Shares of Adani Ports & Special Economic Zone rebounded 25% per cent from the day's low on Friday after Fitch Ratings said that there was no immediate impact on the Fitch-rated Adani entities and their securities, and that it expects no…

A sharp rebound in Adani Enterprises left investors head scratching in Friday's trade. Shares Adani Enterprises, which hit a 52-week low of Rs 1,017.10 earlier today, recovered 65 per cent to hit a high of Rs 1,678.90. The stock, along with…

The delivery-based volumes in shares of the Adani group of companies have increased substantially amid the ongoing free-fall in the 10-listed companies of the group companies. With a fall of 56 per cent, Adani Total Gas plunged the most in…

Patanjali Foods's shares have been on a falling trajectory recently. Interestingly, the stock has been in the corrective mode ever since reporting its December quarter results in December 2022 quarter on January 25 and Hindenburg's report…

Shares of IT firm Birlasoft are on investors' sell radar, having fallen 17 per cent fall in just three trading days. The scrip tanked 8 per cent in Friday's trade to hit a low of Rs 250.35 on BSE. At this price, the Birlasoft stock was down…

Shares of Adani Total Gas fell 5% in early trade today amid a rout in Adani Group stocks. With today’s fall, Adani Total Gas stock has lost 58.5% in nine sessions. Adani Total Gas stock was the top loser on the BSE oil and gas index. Adani…

Adani Wilmar shares fell for the seventh consecutive session today as amid a rout in the Adani Group stocks. Adani Wilmar shares opened 5% lower at Rs 421.45 on BSE. The stock was stuck in the lower circuit of 5%. The stock has lost 30.14%…

Dozens of companies are scheduled to report their quarter results later today. They incldued ITC, State Bank of India (SBI), Tata Power and One 97 Communications (Paytm). While SBI is expected to log over 60 per cent jump in net profit,…

Domestic equity continued to remain volatile as benchmark equity indices settled mixed on Thursday. For the day, the 30-share pack BSE Sensex gained 224.16 points, or 0.38 per cent, to 59,708.08. However, Nifty50 Index settled flat as it…

The Nasdaq and S&P 500 ended higher on Thursday and touched roughly five-month highs as a more dovish-than-expected message from Federal Reserve Chair Jerome Powell boosted equities and Meta Platforms shares soared on rigorous cost…

Alphabet missed on both top and bottom lines when it reported fourth quarter earnings after the bell Thursday. The company's stock dropped nearly 4% after hours, erasing some of the 7.28% it gained in normal trading hours. Here's how the…

Cristiano Amon, CEO of Qualcomm.Steve Marcus | ReutersQualcomm shares fell 3% in extended trading on Thursday after the chipmaker reported lower fiscal first-quarter revenue than analysts had predicted and issued weak quarterly guidance.…

Apple missed expectations for revenue, profit, and sales for many of its lines of business on Thursday, sending the stock lower in extended trading. Apple's overall sales for the holiday quarter were about 5% lower than last year's, the…

A Starbucks store is seen inside the Tom Bradley terminal at LAX airport in Los Angeles, California.Lucy Nicholson | ReutersStarbucks is expected to report its fiscal first-quarter earnings after the bell Thursday.Here's what Wall Street…

Andy Jassy, CEO of Amazon, speaks at the ceremonial ribbon cutting prior to tomorrow's opening night for the NHL's newest hockey franchise the Seattle Kraken at the Climate Pledge Arena on October 22, 2021, in Seattle.Bruce Bennett | Getty…

Ford CEO Jim Farley takes off his mask at the Ford Built for America event at Fords Dearborn Truck Plant on September 17, 2020 in Dearborn, Michigan.Nic Antaya | Getty ImagesDETROIT – Ford Motor is set to report its fourth-quarter earnings…

Amid market volatility, National Stock Exchange on Thursday has placed Adani Enterprises, Adani Port, Ambuja Cement under ASM (Additional Surveillance Margin) framework with effect from February 3, 2023. This will mean intraday trading…

Abu Dhabi-based International Holding Company (IHC) on Thursday said it has been notified by Adani Enterprises that the Adani Group's flagship firm has decided to call off its Rs 20,000-crore follow-on public offer.  IHC confirmed that its…

The Adani Group faced another disastrous day on the market as the shares of its listed companies continued their downward spiral for the sixth consecutive session following the conglomerate's decision to call off its fully subscribed Rs…

The Securities and Exchange Board of India (Sebi) has a limited role in the ongoing Adani Group issue that has snowballed into a political one as well with parliamentarians demanding a regulatory probe into the allegations raised by…