Business

IT Firm LTIMindtree Ltd on Friday reported 16% drop in consolidated profit at Rs 1,000 crore for the quarter ending December 31, 2022 as against Rs 1,189 crore in the previous quarter. The company's consolidated revenue rose 5% to Rs 8,620…

JSW Steel on Friday posted a sharp 85.50 per cent fall in its December quarter consolidated net profit to Rs 474 crore mainly on account of higher expenses. The firm had clocked a net profit of Rs 4,516 crore in the year-ago period, it…

Three major banks ICICI Bank, Kotak Mahindra Bank and YES Bank are among dozens of lending and non-lending and companies, which will announce their December quarter results on Saturday. While analysts sees ICICI Bank reporting roughly 30…

Benchmark indices extended losses for the straight second session on Friday. Sensex fell 236.66 points, or 0.39 per cent, to close at 60,621.77. Nifty50 settled the day at 18,027.65, falling 80.20 points or 0.44 per cent. BSE midcap and…

Domestic equity indices extended losses for the straight second session on Friday and settled lower. Fears of the global economic slowdown and hawkish US Fed jittered the market sentiments. Even, the Q3 earnings by heavyweights like…

Shares of Shyam Metalics and Energy rose nearly 5% today after ICICI Securities mentioned the stock as its top pick in the metal sector.  The brokerage gave a target price of Rs 425 for the iron and steel stock, implying a 36% upside…

Nykaa, which is operated by its listed parent company FSN E-Commerce Ventures, is likely headed for an upside of 80 per cent, beleives Kotak Institutional Equities (KIE). The domestic brokerage firm is positive on the new age internet…

The Indian equity market is extremely cautious ahead of the Union Budget 2023 which is scheduled to present in the Lok Sabha on February 1. The benchmark equity index BSE Sensex has declined in nine sessions so far out of the 15 sessions of…

Shares of One 97 Communications (Paytm) climbed 4 per cent in Friday's trade amid hopes the company would be able to beat September 2023 breakeven guidance. The scrip rose amid a media report that quoted Paytm's Vijay Shekhar Sharma as…

Nureca's shares staged a smart recovery on Friday and jumped as much as 25 per cent from its day's low price amid the heavy trading volumes. However, the stock has been on a secular fall recently, consistently hitting 52-week low on a daily…

Shares of Reliance Industries Limited (RIL) are in focus as India’s largest private-sector enterprise is all set to report its results for the quarter ended December 31, 2022, on Friday evening. For the uninitiated, RIL stock was in a…

Shares of Coforge rose 7% today after the IT firm announced its earnings for the quarter ended December today.   Coforge stock touched an intraday high of Rs 4240.1, rising 6.9% against the previous close of Rs 3,966.40 on BSE. The large…

Shares of Indiamart Intermesh climbed 5 per cent in Friday's trade after the B2B e-commerce company logged a 60.68 per cent surge in its consolidated profit at Rs 112.80 crore for the December quarter compared with Rs 70.20 crore in the…

Shares of Mukesh Ambani-led conglomerate Reliance Industries Ltd (RIL) were trading lower ahead of the firm’s December quarter earnings set to be announced today. RIL stock has remained almost unchanged since earnings for the quarter ended…

Domestic equity indices snapped the two-day winning run and settled lower on Thursday amid weak global cues and select bluechip counters including IndusInd Bank, Asian Paints, Kotak Mahindra Bank and HUL. Sensex dropped 187.31 points, or…

  Domestic equity indices are set to open with mild gains on Friday amid mixed cues from global markets.  US stocks settled lower overnight. Asian peers were mostly up in early trade. Oil prices rose on hopes the US Fed will soon end rate…

World stocks fell on Thursday and US benchmark 10-year Treasury yields bounced up off of four-month lows, as worries mounted that an aggressive stance by central banks could push the global economy into a slowdown. Wall Street stocks ended…

Sopa Images | Lightrocket | Getty ImagesNetflix added millions more subscribers in the fourth quarter than Wall Street expected, helping to send shares of the streamer up after the bell despite a big earnings miss.The company also disclosed…

Market regulator Sebi is investigating investments between Nippon India Mutual Fund and YES Bank between 2016 and 2019 for suspected misuse of investors' money, Reuters reported quoting sources. As per the Reuters report, the market…

In this photo illustration a Procter and Gamble logo seen displayed on a smartphone with stock market percentages in the background.Omar Marques | Lightrocket | Getty ImagesProcter & Gamble reported mixed quarterly results Thursday,…

Rashi Peripherals Limited has filed its Draft Red Herring Prospectus (DRHP) with the markets regulator Securities and Exchange Board of India (Sebi) to raise funds through an initial public offering (IPO). Mumbai-based Rashi Peripherals is…

Domestic equity indices snapped the two-day winning run and settled lower on Monday amid the weaker global cues and select bluechip counters including IndusInd Bank, Asian Paints, Kotak Mahindra Bank and HUL. European stocks opened on a…

Hindustan Unilever (HUL) on Thursday reported a double digit rise in year-on-year (YoY) top and bottom-line growths for the December quarter and announced an increase in royalty payments to parent firm Unilever. HUL logged a 12 per cent…

Asian Paints Q3 results came in less-than-market expectations, leading to a 3 per cent correction on the counter on Thursday. Analysts said a re-rating on the counter looks unlikely but one can accumulate stock on dips for long-term gains.…

The best is yet to come for India and Adani Enterprises, said Jugeshinder Singh, CFO, Adani Group said on Thursday while announcing the Adani flagship’s mega follow-on-public offer (FPO). What you have seen so far is very meagre, Singh…

Asian Paints' shares erased the early gains and dropped more than 2 per cent from day's high at Rs 2957 to Rs 2891.85 on Thursday after the announcement of results for the period ended on December 31, 2022. Asian Paints reported a 5.6 per…

Shares of logistics services firm Delhivery hit a fresh record low in a weak market today. The stock of Delhivery fell 2.74 per cent intraday to Rs 299.55 against the previous close of Rs 308 on BSE. Market cap of Delhivery fell to Rs…

Persistent Systems' shares rallied about 8 per cent during the trading session on Thursday after the company reported a strong performance in the December 2022 quarter. The company's earnings were majorly in line to the analysts' estimates,…

Asian Paints on Thursday reported a 5.6  per cent year-on-year (YoY) consolidated net profit after minority at Rs 1,072.67 crore compared with Rs 1,015.69 crore in the corresponding quarter last year. The paints maker said its consolidated…

Shares of HDFC Bank have once again managed to hog the limelight after the bank's December quarter results were a beat on expectations. The private sector lender reported an 18.5 per cent increase in its standalone net profit at Rs 12,259.5…