Business

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…

Shares of One 97 Communications, Paytm's parent, rebounded over 3 per cent in Friday's trade after a sharp fall in the previous session. The stock climbed 3.14 per cent to hit a day high of Rs 559.25 over its previous close of Rs 542.25.…

Shares of Tata Steel have risen 45% from their 52-week low in nearly seven months. The metal stock hit a yearly low of Rs 82.71 on June 23, 2022. Of late, the Tata Steel stock has been in an uptrend. Shares of Tata Steel have surged 17.71%…

Garden Reach Shipbuilders & Engineers (GRSE) has got a buy rating from ICICIDirect Research as the brokerage firm has initiated coverage on the defence based public sector player. It has given a target price of Rs 630 on the counter…

The board of Wipro will consider dividend payments, if any, along with its quarterly results, later in the day. Data available with corporate database AceEquity suggests Wipro's dividend yield stood at 1.52 per cent as of Thursday’s…

Rekha Jhunjhunwala, wife of late investor Rakesh Jhunjhunwala has raised stake in construction firm Nagarjuna Construction Company (NCC) during the October to December 2022 quarter. According to the shareholding pattern of NCC, Rekha…

Shares of HCL Technologies (HCL Tech) were trading 3 per cent lower in Friday's trade, even as the IT major reported a strong set of results for December quarter and also announced 80th quarterly dividend in a row. Analysts said the IT…

Infosys' third quarter revenue growth in constant currency (CC) terms at 2.4 per cent sequentially was strong while its order wins at $3.3 billion was largest since Q3FY21.  It also surprised Street with raising of FY23 revenue growth…

Benchmark indices Sensex and Nifty ended with losses in choppy trade on Thursday. Unabated foreign fund outflows also hit the investor sentiment. Sensex fell 147.47 points or 0.25 per cent to end at 59,958.03. During the day, the 30-stock…

A gauge of global stocks climbed on Thursday while longer-dated US Treasury yields and the dollar fell after a reading of consumer prices fed expectations the Federal Reserve may have leeway to scale back the size of future interest rate…

A man pumps gas at a gas station in the Brooklyn borough of New York, the United States, Dec. 13, 2022.Michael Nagle | Xinhua News Agency | Getty ImagesDecember's monthly decline in the consumer price index gets the Federal Reserve a step…

Inflation closed out 2022 in a modest retreat, with consumer prices in December posting their biggest monthly decline since early in the pandemic, the Labor Department reported Thursday.The consumer price index, which measures the cost of a…

Last year, Indian equity markets witnessed ferocious selling by foreign institutional investors (FIIs) amid ongoing global economic concerns. FIIs have sold shares worth Rs 2.78 lakh crore in the Indian equity markets in 2022. However,…

HCL Technologies (HCL Tech) on Thursday announced an interim dividend of Rs 10 per share for FY23, which the IT major said was its 80th (20 years) straight payout in a row. HCL Tech had announced interim dividends of Rs 10 each in the…

Planes are seen at Charlotte Douglas International Airport on December 28, 2022 in Charlotte, United States.Peter Zay | Anadolu Agency | Getty ImagesAmerican Airlines' shares rose nearly 5% in premarket trading Thursday after the carrier…

HCL Technologies (HCL Tech), India's third largest software exporter, on Thursday reported a 19 per cent year-on-year (YoY) rise in net profit at Rs 4,096 crore for the December quarter compared with Rs 3,442 crore in the same quarter last…