Business

A Boeing 747-8F operated by AirBridgeCargo takes off from Leipzig/Halle Airport.Jan Woitas | Picture Alliance | Getty ImagesBoeing posted a $663 million loss in the fourth quarter as supply chain issues weighed on results despite a rebound…

Market capitalisation of the ten listed Adani Group stocks took a beating on Wednesday amid a report by Hindenburg Research claiming that the Indian conglomerate had engaged in stock manipulation and accounting fraud scheme over the course…

Drug major Cipla on Wednesday reported a 7 percent increase in its consolidated net profit at Rs 808 crore in the third quarter that ended December 2022, aided by robust sales in the US market. The Mumbai-based drug maker had reported a…

Dr Reddy's Laboratories Ltd on Friday said its consolidated profit after tax (PAT) for the quarter ended December 31, 2022, was up by 77 percent at Rs 1,247.1 crore as against Rs 706.5 crore in the same quarter a year ago. Revenues during…

Shares of online food aggregator Zomato fell sharply on Wednesday amid heavy volumes, tracking overall weakness in the domestic benchmarks. The stock today plunged 8.25 per cent to settle at Rs 47.80 over its previous close of Rs 52.10.…

Indian equity benchmarks fell sharply on Wednesday, dragged by losses HDFC twins (HDFC and HDFC Bank), index heavyweight Reliance Industries, ICICI Bank and State Bank of India (SBI). The 30-share BSE Sensex pack slumped 774 points or 1.27…

Vedanta will announce its quarterly results on Friday. Analysts largely expect the Anil Agarwal-led company to report a 70 per cent plunge in net profit for the December quarter on an up to 10-12 per cent fall in sales. Margin is seen…

Dutch chip equipment maker ASML forecast a jump in 2023 revenue as the semiconductor industry predicts there will be a reacceleration of growth in the second half of this year.ASML is one of the world's most important companies in the chip…

Domestic equity indices ended the session with big cuts on Wednesday as negative news flow at both domestic and global levels triggered the sell-off amid F&O expiry of January series contracts. Indian stock markets will remain shut on…

Shares of South Indian Bank surged on Wednesday after declaring the December quarter (Q3 FY23) results. The stock settled 6.33 per cent higher at Rs 17.65 over its previous close of Rs 16.60 on BSE. South Indian Bank's net profit came at Rs…

Shares of Tatva Chintan Pharma Chem fell sharply in Wednesday's trade after announcing the December quarter (Q3 FY23) results. The stock slipped 5.44 per cent to hit a day low of Rs 2,066 over its previous close of Rs 2,184.90. Tatva…

Shares of SBI Cards and Payment Services fell for the second straight session today after the arm of country’s largest lender SBI reported December quarter earnings that came below expectations. SBI Cards and Payment Services stock slipped…

Adani Enterprises has finalised anchor book for its forthcoming Rs 20,000 crore follow-on public offer (FPO), as per a Bloomberg report. The report suggested the issue was subscribed 1.8-2 times and that International Holding Co PJSC, Abu…

Ambuja Cement and ACC shares cracked sharply amid the steep fall in the broader markets on Wednesday. The cement firms, which were recently acquired by the Gautam Adani-led Adani Group plunged a s much as 10 per cent during the trading…

Shares of seven Adani group stocks lost Rs 55,000 crore in market capitalisation (m-cap) in Wednesday's session after Reuters cited a report by short seller Hindenburg suggesting seven of the Adani group listed companies have an 85 per cent…

Stock of Tata Steel was the top Sensex gainer in a weak market today amid reports of a large trade in the Tata Group stock.  A large deal of Tata Steel shares took place in early trade with 84.3 lakh shares (0.7% equity) worth Rs 101.8…

Maruti Suzuki's over two-fold jump in December quarter profit beat analyst estimates of a 85-90 per cent growth, with revenue growth beating projections by 10-15 per cent. Following the quarterly results, analysts have upped Maruti's…

Tata Motors is all set to report its quarterly results on Wednesday. The automaker is likely to log 15-16 per cent growth in consolidated revenue, even as analyst view differ on the bottom line, even as the performance is expected to…

The S&P 500 ended nominally lower on Tuesday at the close of a rocky session marked by a raft of mixed earnings and a technical malfunction at the opening bell. A spate of NYSE-listed stocks were halted at the top of the session due to…

Microsoft CEO Satya Nadella speaks at the company's Ignite Spotlight event in Seoul on Nov. 15, 2022. Nadella gave a keynote speech at an event hosted by the company's Korean unit.SeongJoon Cho | Bloomberg | Getty ImagesMicrosoft will…

At BT Market Today Summit on Tuesday, ace investor Raamdeo Agrawal, chairman and co-founder, Motilal Oswal, had everyone in splits when he explained on why he regrets buying Zomato stock in 2021. "I wouldn't have bothered about Zomato but…

What explains the recent underperformance of Portfolio Management Services (PMSes)? At BT Market Today Summit in Mumbai on Tuesday, BT's Global Business Editor, Udayan Mukherjee, noted that many PMSes earlier did not buy rallying commodity…

Large-cap, small cap or ETFs. Which investment strategy can give a push to your portfolio when it comes to generating alpha in this highly volatile market? The theme was discussed today in a panel discussion with Raamdeo Agrawal, chairman…

A slew of stocks were briefly halted for trading on the New York Stock Exchange, shortly after the market opened on Tuesday. Most of the stocks have resumed trading. NYSE did not immediately respond to a Reuters request for comment. An…

Union Budget 2023, the most important financial event of the year, is around the corner. Speaking at the BT Market Today Summit on Tuesday, an expert opined that this year's Budget should be 'boring'. Pranjul Bhandari, Chief Economist,…

Slow and simple wins the race. That’s what capital market veterans at Business Today’s inaugural ‘Market Today Summit’ espoused. Given the battering of stock markets and crypto markets over the last one year, fund managers are advising…

Market veteran Neil Parag Parikh says one needs to differentiate between new age companies and mature technology giants, especially when one talks about the US technology sector. During Covid-19 pandemic, shares of many new age companies…

Single geography, single stock, single fixed income asset, all these are risky strategies said Ridham Desai, MD, Morgan Stanley India in a chat with Udayan Mukherjee, Global Business Editor, India Today Group at BT Market Today Summit held…

The India story is compelling but one still needs to look beyond one geography, says Devina Mehra, Chairperson and MD, First Global. Speaking at the Market Today Summit, Mehra, in a session moderated by BT's Global Business Editor Udayan…

Systematic investment plans (SIP),  asset allocation and investment in debt mutual fund are the three routes through which risk of higher valuations can be reduced during the current market conditions, said Sankaran Naren, ED and CIO, ICICI…