Business

Indian benchmark indices closed on a flat note on Wednesday amid unabated foreign fund outflows and a weak trend in index heavyweight Reliance Industries. Falling for the second straight session, the Sensex dipped 9.98 points or 0.02 per…

Shares of Fevicol maker Pidilite Industries Ltd have underperformed the broader market in the last one year. The large cap stock has lost 8% against a 0.76% fall in the 30-stock Sensex during the period. Prior to 2022, the Pidilite stock…

Mukul Agrawal has picked up stake in the two companies and signaled a potential exit from two others, during the December 2022 quarter, according to the latest shareholding pattern. Mukul Agrawal, apart from these rejigs, has kept his…

Shares of Marksans Pharma surged more than 8 per cent in Wednesday's trade, extending their gains for the third straight session amid heavy volumes. The stock jumped 8.27 per cent to hit a day high of Rs 67.40 -- also its 52-week high --…

Sah Polymers is likely to deliver a decent listing pop to the investors, despite the volatility in the listed space, if one goes by the signals from the grey market. The issue may break the jinx of flat listing for the mainboard companies…

Shares of Tata Investment Corporation rose sharply in Wednesday's trade, extending their gains for the fourth straight session amid heavy volumes. The stock jumped 7.29 per cent to hit a day high of Rs 2,337.20 over its previous close of Rs…

.  Wipro may come out with a tepid set of December quarter results on Friday, post market hours. If one goes by analyst projections, the Bengaluru-based firm may lag peers TCS, Infosys and HCL Technologies on several fronts. The IT major…

Shares of PTC India hit were stuck in the upper circuit of 5% for the third straight session today amid a report that the Adani Group was looking to buy stake in the state-backed electricity trader. According to a Bloomberg News report, PTC…

Shares of Bengaluru-based garment exporter Gokaldas Exports have delivered over 300 per cent return to its shareholders in the last two years. ICICI Securities has initiated its coverage on this multibagger stock with a 'Buy' rating and…

Wipro will report its December quarter results on Friday, a day after Infosys' quarter earnings. As per Wipro, the quarterly results will be out post market hours i.e. after 3:30 PM IST. Wipro's results will be available in the investors…

Shares of Bharti Airtel extended their fall for the second consecutive session in Wednesday's trade after global investment bank JPMorgan downgraded the telecom operator. JPMorgan said it has downgraded Airtel to underperform from…

At the time when the domestic equity markets were grappling with the geopolitical crisis between Russia and Ukraine and rising interest rates in 2022, select money managers for high networth individuals (HNIs) managed to deliver robust…

The Union Budget is scheduled to be presented on the February 1. This is going to be the last full year Budget before the early 2024 general elections. The last Budget focused on digitisation, ease of doing business, infrastructure and was…

The World Bank slashed its global growth forecasts from projections it made in mid-2022 on the back of what it sees as broadly worsening economic conditions.The international development institution downgraded almost all of its forecasts…

Shares of Max Financial Services climbed xx per cent in Wednesday's trade after Axis Bank said it will buy the balance 7 per cent stake in Max Life Insurance from Max Financial Services, at a revised formula. Kotak Institutional Equities…

Indian benchmark indices are likely to open flat on Wednesday despite firm cues from global peers. US stocks settled higher overnight while Asian peers were trading up in early trade today. At home, investors would be building up…

A worker stacks cases of Constellation Brands' Corona beer for delivery at the Euclid Beverage LLC warehouse in Peru, Illinois.Daniel Acker | Bloomberg | Getty ImagesShares of Constellation Brands fell Thursday after the wine, beer and…

A man is seen at a Bed Bath & Beyond store in New York, on Jan. 5, 2023.Ziyu Julian Zhu | Xinhua News Agency | Getty ImagesBed Bath & Beyond on Tuesday posted wider quarterly losses than expected as its chief executive acknowledged…

Shares of Titan Company Limited and Kalyan Jewellers India are in focus after the companies reported their December quarter updates. Titan reported a double-digit growth of 12 per cent (YoY) in standalone business, with the jewellery…

Shares of IDBI Bank fell sharply on Tuesday, extending their fall for the second straight session amid heavy volumes. The stock declined 5.36 per cent to hit an intraday low of Rs 55.65 over its previous close of Rs 58.80. It eventually…

Global brokerage firm Jefferies is bullish on select largecap and midcap real estate stocks, citing RBI’s rate hike cycle nearing an end and strong sales figures. With a fall of around 11 per cent, the Nifty Realty index underperformed the…

After TCS' quarterly results, Infosys would be announcing its quarterly earnings on January 12, Thursday. As per Infosys, the quarterly earnings will be out at around 3.45 pm Indian Standard Time (IST). All eyes would be on whether the…

Adani Group companies fell sharply as the shares of Gautam Adani firms plunged as much as 8 per cent during the afternoon amid the heavy selloff in the broader markets. All the 10 companies of Gautam Adani's conglomerate were trading in…

Tata Consultancy Services has reported a third interim dividend of Rs 8 per share and a special dividend of Rs 67 per share. India's largest software exporter had earlier paid interim dividends of Rs 8 per share each in September and July,…

Well-known equity investors of Dalal Street increased their stake in select companies during the December quarter when the benchmark equity index BSE Sensex stood almost flat. Initial shareholding data showed that Ashish Kacholia, who is…

Shares of Bajaj Finance slipped nearly 2 per cent in Tuesday's trade to slip below the Rs 5,900 mark amid heavy volumes. The stock fell 1.96 per cent to hit a day low of Rs 5,876.45 over its previous close of Rs 5,993.80. The scrip has been…

The French government is presenting new plans to update the pension system. Analysts expect some backlash from some workers.Nurphoto | Nurphoto | Getty ImagesFrench President Emmanuel Macron is going at it again: a new pension reform will…

Shares of Marksans Pharma surged nearly 6 per cent in Tuesday's trade, extending their gains for the second straight session after completing the buyback exercise. The stock jumped 6.31 per cent to hit a day high of Rs 63.15 over its…

Cyient DLM, in consultation with the book running lead managers, may consider a pre-IPO placement aggregating up to Rs 148 crore at its discretion, as may be permitted under applicable laws. A portion of shares will be reserved for the…

Anlon Technology Solutions, the latest debutant of Dalal Street, has delivered a solid listing pop of 150 per cent to its investors on Tuesday. It is one of the best listing pop in the near term, even in the SME segment. Anlon Technology…