Business

Ferrari CEO Benedetto Vigna poses for a photograph as Ferrari unveils a new long term strategy, in Maranello, Italy, June 15, 2022.Flavio Lo Scalzo | ReutersFerrari on Thursday reported full-year profits up 13% year over year and guided to…

Adani Group firms' stocks lost combined market capitalisation of over $100 billion in the past week due to a scathing report by US-based short seller firm Hindenburg Research. However, the US firm stands to gain not from stock rout but when…

A total of 10 Adani group stocks have lost Rs 8.76 lakh crore ($107 billion) in market capitalisation in a span of mere six trading sessions. That, at a rupee-dollar exchange rate of 81.80 stood near $110-111 billion annual GDPs (World…

Check share price live: Dabur India Dabur India shares ended lower today after the FMCG firm reported its Q3 earnings. Share price of Dabur India touched an intraday low of Rs 547 falling 2.61% against the previous close of Rs 561.65.…

Check share price live: Dabur India Dabur India shares ended lower today after the FMCG firm reported its Q3 earnings. Share price of Dabur India touched an intraday low of Rs 547 falling 2.61% against the previous close of Rs 561.65.…

Shares of ITC on Thursday extended their gains for the third straight session ahead of the December quarter (Q3) results. The stock settled 4.74 per cent higher at Rs 378.60 over its previous close of Rs 361.45. The scrip has jumped 9.85…

Shell said last month that windfall taxes imposed by the European Union and U.K. following the surge in profits would cost the group about $2 billion.Paul Ellis | Afp | Getty ImagesBritish oil giant Shell on Thursday posted its highest-ever…

Domestic equity equity continued to remain volatile as benchmark equity indices settled mixed on Thursday as pain continued to dampen the Adani Group stocks, keeping traders hooked to the tenterhooks. Another bout of rout in Adani stocks…

A statue is pictured next to the logo of Germany's Deutsche Bank in Frankfurt, Germany, September 30, 2016.Kai Pfaffenbach | ReuterDeutsche Bank on Thursday reported its 10th straight quarter of profit, but shares retreated as analysts…

Titan Company on Thursday reported a 4 per cent year-on-year (YoY) drop in standalone net profit at Rs 951 crore for the December quarter compared with Rs 987 crore in the same quarter last year. Total income for the quarter jumped 12 per…

Ion Exchange shares gained nearly 13% today after the water treatment & environment solutions firm said it won an order worth Rs 726.13 crore from state-owned firm Indian Corp. The stock price rose 12.84% to Rs 3040.95 compared to the…

Shares of Britannia Industries Ltd gained over 5% to hit a record high in a volatile market today after the FMCG firm reported a 151% rise in profit for the quarter ended December 2022.   Britannia Industries stock hit an all-time high of…

Zerodha co-founder Nikhil Kamath has said that whatever New York-based short seller Hindenburg Research says should be taken with a word of caution as they are biased. In an interview with India Today’s Global Business Editor, Udayan…

Adani Wilmar shares were trading in the red for the sixth consecutive session today amid a rout in the Adani Group stocks. Adani Wilmar shares were stuck in the lower circuit of 5 per cent to Rs 421.45 on BSE. The stock has lost 26.47% in…

Shares of Adani Ports and Special Economic Zone (Adani Ports) opened sharply lower on Thursday, hitting lower circuit at opened as its marketcap slipped below Rs 1 lakh crore mark. However, the bluechip counter of Adani Group made a decent…

Shares of Adani Enterprises plunged 10 per cent in Thursday’s trade after the Adani group company decided to withdraw its successfully concluded Rs 20,000 crore follow-on public offer. Other group stocks witnessed heavy selling pressure…

A host of companies will announce their quarterly results today including mortgage lender HDFC, jewellery maker Titan Company, FMCH major Dabur India and IT firms Birlasoft and eClerx Services. While HDFC is seen reporting a double digit…

Nifty on Wednesday erased entire Budget gains at fag-end of the session amid a  selling in Adani Group stocks. Nifty fell 45.85 points, or 0.26 per cent, to 17,616.30, even as Sensex ended up gaining 158.18 points, or 0.27 per cent, to…

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., left, arrives at federal court in San Jose, California, US, on Tuesday, Dec. 20, 2022. David Paul Morris | Bloomberg | Getty ImagesMeta reports fourth-quarter earnings on…

Job creation in the private sector plunged in January as weather-related issues sent workers to the sidelines, payroll processing firm ADP reported Wednesday.Companies added just 106,000 new workers for the month, down from an upwardly…

Most of Adani Group stocks plunged sharply on Wednesday, wiping out around Rs 7.4 lakh crore from the group's market capitalisation (m-cap) in five consecutive trading sessions. The stocks began falling after a report by US-based short…

Brody Longo works out on his Peloton exercise bike on April 16, 2021 in Brick, New Jersey.Michael Loccisano | Getty ImagesPeloton said Wednesday its net loss narrowed year over year, and, for the third quarter in a row, subscriptions…

Shares of Life Insurance Corporation of India (LIC) on Wednesday extended their fall for the fifth straight session. LIC's market capitalisation (m-cap) has shrunk around Rs 65,400 crore. The market valuation declined to Rs 3,78,740 crore…

After gyrating 2,000 points, it was the BSE Sensex that ended in the black on the Budget Day. Nifty was not that lucky, thanks to a selling pressure in two of its constituents. They were Adani Enterprises and Adani Ports & SEZ. As per…

Shares of life insurance companies fell up to 11 per cent on Wednesday after the Budget made tweaks to tax exemptions regarding life insurance policies. Sampath Reddy, Chief Investment Officer at Bajaj Allianz Life cited the FM announcement…

Domestic equity markets settled with modest gains on Wednesday as the initial union budget euphoria was soon fizzled out after Credit Suisse stopped accepting bond of Adani Group as for margin loans to its private banking clients. Benchmark…

Shares of Adani Green Energy fell up to 10% today amid a report that said Swiss lender Credit Suisse's private banking arm has assigned a zero lending value for notes sold by Adani Ports and Special Economic Zone, Adani Green Energy and…

In further trouble for Adani Group, a report on Wednesday said Credit Suisse Group AG has stopped accepting bonds of Gautam Adani’s group of companies as collateral for margin loans to its private banking clients. The move comes amid…

Shares of Adani group cement companies Ambuja Cements and ACC plummeted up to 20 per cent in Wednesday's trade, as rout in the Adani group stocks intensified, with Adani Enterprises sinking as much as 30 per cent in trade today. Ambuja…

Even as the Budget managed to impress Dalal Street analysts, the Sensex rally fizzled out, with the BSE index falling over 700 points at one point, down about 2,000 points over its day's high of 60,773.44. Adani group shares plunged up to…