Business

Sensex and Nifty trimmed early gains and closed lower on Monday as unabated foreign fund outflows hit investor sentiment and losses in index heavyweights Reliance Industries and HDFC Bank. Sensex fell 168.21 points to end at 60,092.97. Of…

A dozen brokerages and investment banks have come out with research notes on what investors should expect from the finance minister Nirmala Sitharaman this coming Budget. The broader expectation is that the budget would support consumption…

Shares of GPT Infraprojects rose nearly 9% today after the firm said it won an order worth  Rs 216 crore. The share of  GPT Infra rose 8.68 per cent intraday to Rs 57.6 against the previous close of Rs 53 on BSE. Market cap of GPT Infra…

Shares of RattanIndia Enterprises jumped in Monday's trade after the acquisition of electric motorcycles maker Revolt Motors amid heavy volumes. The stock surged 18.45 per cent to hit a day high of Rs 50.40 over its previous close of Rs…

Vijay Kedia, the seasoned investor, has trimmed his stakes in the as many as three companies, including one potential exit, suggests the latest shareholding pattern. Along with it, Kedia has stayed put in as many as six other companies, the…

Bank of Maharashtra  reported a two-fold jump in its standalone profit after tax at Rs 775 crore for the December quarter. Gross NPAs declined to 2.94 per cent of total advances compared with 4.73 per cent in the year-ago quarter, the bank…

India is gradually progressing on the road to Industry through the government initiatives like the National Manufacturing Policy which aims to increase the share of manufacturing in GDP to 25 per cent by 2025 and the PLI scheme for…

Shares of Delhivery rose after four sessions today after Australian brokerage Macquarie initiated coverage on the logistics services provider with a buy call. The brokerage has assigned an outperform rating to the firm with a target price…

Shares of public sector lender Indian Overseas Bank rose over 8% amid a rising market today. The stock has been trading in the green for two sessions. Indian Overseas Bank stock rose 8.48% to Rs 32.60 today against the previous close of Rs…

Mastek, Persistent Systems and Coforge are three IT firms, whose boards will consider proposals of dividend payments this week, along with their companies' quarterly results. Newgen Software Technologies, Oracle Financial Services Software,…

 Shares of public sector lender UCO Bank rose 8% amid a rising market today. The stock has been trading in the green for two sessions. UCO Bank stock rose 7.99% to Rs 32.45 today against the previous close of Rs 30.05 on BSE. In the current…

Sula Vineyards reported a 13 per cent year-on-year (YoY) growth in the own brands sales at Rs 187.2 crore in December 2022 quarter, which was Rs 165.7 crore in the year ago period. For the nine months ended on December 31, 2022, the company…

HDFC Bank, whose shares have jumped 19 per cent in the last six months, reported an line December quarter results.  While analysts are a bit cautious over the HDFC merger transition, they felt the stock is trading at reasonable valuations…

  Domestic benchmark indices staged a quick recovery on the Friday, despite the relentless FPI selling, to settle flat on a weekly basis. The BSE Sensex jumped over 300 points or 0.51 per cent, to settle at 60,261.18. The NSE Nifty50 index…

Asian shares started cautiously on Monday as investors waited nervously to see if the Bank of Japan (BOJ) will defend its super-sized stimulus policy at a pivotal meeting this week, while a holiday in US markets made for thin trading.…

In the coming week, market participants will be eyeing the Wholesale Price Index (WPI) data for the month of December to be released on January 16. The annual wholesale price inflation rate in India declined to 5.85 per cent in November…

Encouraging inflation numbers from the US coupled with better-than-expected macro-economic data helped Indian equity benchmarks to end the recently concluded week in green terrain. Buying on final day of the week helped markets to go home…

Nifty Bank made a intra-week high of 42,716.80, before settling this past week at 42,371.25 level. The banking index delivered 0.43 per cent return for the week. During the week, the index moved below the support of 50-DMA, but Friday’s…

People walk past a Wells Fargo bank on 14th Street on December 20, 2022 in New York City. Michael M. Santiago | Getty ImagesWells Fargo shares came under pressure Friday after the bank reported shrinking profits, weighed down by a recent…

Delta Air Lines fourth-quarter profit and revenue topped expectations on Friday, but shares fell on the carrier's outlook for the first quarter.Delta said it expects to earn 15 cents to 40 cents a share on an adjusted basis in the first…

Brian Moynihan, CEO, Bank of AmericaScott Mlyn | CNBCBank of America reported fourth-quarter results on Friday that showed higher interest rates helped the Wall Street giant make up for a sharp slowdown in investment banking.Here are the…

Citigroup said it had identified the cause of the flash crash and corrected the error "within minutes."Jim Dyson | Getty Images News | Getty ImagesCitigroup said fourth-quarter net income decreased by more than 21% from a year ago as…

Indian equity benchmarks rose on Friday amid a volatile session, led by gains in Infosys, ICICI Bank, Tata Consultancy Services (TCS) and Hindustan Unilever (HUL). The 30-share BSE Sensex index rose 303 points or 0.51 per cent to close at…

Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of the Nations Largest Banks, in Hart Building on Thursday, September 22, 2022.Tom Williams |…

Shares of Tata Consultancy Services (TCS) rose 1.19 per cent on Friday to settle at Rs 3,374.20 on BSE. The stock has gained 3 per cent in the past five days. Around 99,000 shares changed hands today, which was higher than TCS' two-week…

Benchmark indices ended higher in the last trading session of this week led by gains in IT, metal and banking stocks. Sensex rose 303 points to 60,261 and Nifty gained 98 points to 17,956. Titan, Nestle India, Larsen & Toubro, Axis…

Wipro on Friday reported a 2.8 per cent year-on-year (YoY) rise in net profit at Rs 3,052.90 crore compared with Rs 2,969 crore in the same quarter last year. Revenue for the quarter came in at Rs 23,229 crore, up 14.35 per cent over Rs…

Shares of DB Realty were stuck in the upper circuit of 5% for the second straight session today after the real estate player said its subsidiary Goregaon Hotel and Realty has executed loan settlement agreement with Reliance Commercial…

HDFC Bank will report its December quarter results on Saturday. The private lender has already released updates on credit and deposit growths for the quarter. Analysts largely expect the bank to log a 15 per cent-plus growth in profit on a…

Anand Rathi Wealth's share hit a new 52-week high on Friday even as the financial products distributor reported a strong performance in the December 2022 quarter. Anand Rathi Wealth reported a 35 per cent rise in its consolidated net…