Business

Shares of Adani Ports and Special Economic Zone saw profit-booking in the final hours of trading as investors booked profit from the peak of Budget rally. The selloff started after a Bloomberg report stated that Credit Suisse’s private bank…

Shares of Adani Enterprises crashed in Wednesday's trade, halting their upward run of two straight sessions. The stock nosedived 34.72 per cent to hit a day low of Rs 1,942 against a previous close of Rs 2,975, just shy of its lower circuit…

Family offices of some Indian conglomerates are said to have participated in Adani Enterprises' Rs 20,000-crore follow-on public offer on Tuesday. HNI (high net worth investor) portion of the FPO was subscribed 3.31 times, thus helping the…

Shares of sugar and steel companies advanced as Union Budget 2023 boosted market sentiment. In her Budget speech, finance minister Nirmala Sitharaman announced that the custom duty exemption on manufacturing of cold rolled grain oriented…

Shares of telecommunication service providers and telecom infrastructure hogged the limelight after Finance Minister Nirmala Sitharaman said that the government will set up 100 labs to develop 5G applications. Following the announcement,…

Indian equity benchmarks rose sharply in Wednesday's trade as Finance Minister Nirmala Sitharaman began her Union Budget 2023-24 speech. The 30-share BSE Sensex pack climbed 605 points or 1.02 per cent to trade at 60,155, while the broader…

Shares of Adani Power fell sharply in Wednesday's trade to hit their lower price band amid heavy volumes. The stock plunged 5 per cent to hit its lower circuit level of Rs 212.75 against a previous close of Rs 223.90. Around 15.07 lakh…

Unabated offloading of shares by foreign institutional investors (FII) coupled with heavy selling in the Adani group of stocks at the fag end of January kept the market sentiment cautious last month. As a result, the benchmark BSE Sensex…

Finance Minister Nirmala Sitharaman will present the Modi government’s last full Budget before the General Election 2024. Investors are anxious ahead of the FM’s Budget speech after indices have turned negative on a year-to-date basis…

Snapchat founder and CEO Evan Spiegel attends a session during the Viva Technology show in Paris on June 17, 2022.Eric Piermont | AFP | Getty ImagesSnap shares slid more than 14% in extended trading on Tuesday after the social media company…

AMD Chair and CEO Lisa Su speaks at the AMD Keynote address during the Consumer Electronics Show (CES) on January 4, 2023 in Las Vegas, Nevada.Robyn Beck | AFP | Getty ImagesAMD reported fourth-quarter earnings on Tuesday, beating Wall…

Zerodha co-founder Nithin Kamath on Tuesday said "biggest reason active traders lose money is overtrading" and said a new change will come in the order form on the low-cost brokerage to help keep traders under check. "Traders forget that…

Pharma major Sun Pharma on Tuesday reported a rise in consolidated net profit by 5% in Q3FY23 with specialty portfolio driving the company’s growth. The company’s net profit stood at Rs 2,160 crore in Q3FY23 as compared to Rs 2,059 crore in…

Employment costs increased at a slower than expected pace in the fourth quarter, indicating that inflation pressures on business owners are at least leveling off.The employment cost index, a barometer the Federal Reserve watches closely for…

People exit the Spotify headquarters building in Lower Manhattan on January 23, 2023 in New York City.Eduardo MunozAlvarez | View Press | Corbis News | Getty ImagesSpotify shares popped as much as 9% early Tuesday after the company reported…

Vials containing the Pfizer/BioNtech vaccine against the coronavirus disease (COVID-19) are displayed before being used at a mobile vaccine clinic, in Valparaiso, Chile, January 3, 2022.Rodrigo Garrido | ReutersPfizer on Tuesday issued…

The CEO of Norway's $1.3-trillion oil fund said the world’s largest sovereign wealth fund has been reducing stakes in Adani Group companies owing to the "complex situation" arising out of potential risks attached to the ports-to-power…

Sun Pharma on Tuesday said its consolidated net profit increased 5 per cent to Rs 2,166 crore in December quarter 2022-23, helped by robust sales across domestic as well as US market. The Mumbai-based company had logged a net profit of Rs…

Shares Kalyan Jewellers India rose sharply on Tuesday, halting their losing run of four straight sessions. The stock advanced 12.32 per cent today to close at Rs 118.05 over its previous close of Rs 105.10. Technical analysts remained mixed…

UPS electric vehicle delivery van on 2nd December 2022 in London, United Kingdom.Mike Kemp | In Pictures | Getty ImagesUnited Parcel Service reported fourth-quarter revenue below Wall Street's expectations Tuesday morning, as the company…

Domestic equity markets ended the volatile session on flat note, recovering from the early losses after the Economic Survey was tabled in the Parliament. Traders will be keenly awaiting the Union Budget for the upcoming fiscal, which will…

Amid much drama, Adani Enterprises' Rs 20,000-crore follow-on public offer (FPO) sailed through on Day 3 of share sale, but saw muted response from retail investors, employees. The quota reserved for qualified institutional bidders (QIBs)…

The latest euro zone growth numbers are out as the ECB considers what to do next.Nurphoto | Nurphoto | Getty ImagesThe euro zone beat expectations on Tuesday by posting positive growth in the final quarter of 2022 and reducing fears of a…

UBS' fourth-quarter profit beat market expectations, but the Swiss banking giant reported a fall in revenues on the back of weaker client activity and warned of an "uncertain" year ahead.The bank reported $1.7 billion of net income for the…

Vikash EcoTech is likely to raise funds via multiples means. The company board has approved the fundraising plans on Monday, it said in an exchange filing. The smallcap company is looking to raise up to Rs 150 crore, the company said.…

Adani Enterprises' Rs 20,000-crore follow-on public offer (FPO) gathered momentum on the final day of bidding and got fully subscribed today. The issue, which was subscribed 1.12 times, received bids for 5,08,68,352 shares against the total…

Shares of Astec Lifesciences fell sharply in Tuesday's trade after the company declared its earnings for the December quarter. The stock plunged 14.24 per cent to hit a day low of Rs 1,304.45 over its previous close of Rs 1,521.10. The…

KPIT Technologies' shares jumped about 6 per cent during the trading session on Tuesday ahead of the its quarterly results later in the day. A number of brokerage firms are positive on company's quarterly earnings, particularly considering…

On its last day, the Rs 20,000 crore Adani Enterprises follow-on public offer (FPO) gathered momentum, getting 40 per cent bids by 1 pm, still away from getting fully subscribed.  The issue received bids for 1,83,55,956 shares against the…

The combined investment value of retail investors and high networth individuals in the Adani group of companies plunged by over Rs 12,500 crore from January 24, 2023, to January 30, 2023. Shares of the group witnessed a heavy selloff after…