Business

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…

The company had reported a toll collection of Rs 294.16 crore in December 2021. On a sequential basis, month-on-month comparison, the collection increased 6 per cent from Rs 365.96 crore in November 2022.IRB Infrastructure Developers have…

A cautious commentary by the TCS management weighed on IT stocks, which fell ahead of their quarterly earnings later in the week. Infosys and HCL Technologies are scheduled to report their quarterly earnings on January 12 while Wipro is…

Domestic stocks rose on Monday, tracking firm global cues. They and snapped  three-day losing streak. The BSE Sensex surged 859 points, or 1.41 per cent, to settled at 60,747.31. Nifty50 advanced 241.75 points, or 1.35 per cent, at…

The S&P 500 index erased early gains to close nearly flat on Monday as expectations that the Federal Reserve will become less aggressive with its interest rate hikes were offset by lingering worries about inflation. The Dow ended…

The tech-heavy Nasdaq led gains among the main Wall Street indexes on Monday, boosted by shares of Amazon and Tesla, while signs of a cooling labor market supported bets of a slower pace of interest rate hikes by the Federal Reserve.…

People shop for goods at a Publix in Nashville, Tennessee, on December 22, 2022, ahead of winter storm Elliot. Seth Herald | AFP | Getty ImagesConsumers see the inflation burden easing while they expect to pull back considerably on their…

Capital markets regulator Sebi on Monday modified  standard operating procedure (SOP) for handling stock exchange outage amid instances of technical snags impacting the overall trading system.  Stock exchange has been mandated to inform…

Shares of online food aggregator Zomato settled higher on Monday, snapping their four-day losing run. The stock rose 1.26 per cent to settle at Rs 56 apiece on BSE. Technical analysts see strong support for the stock at Rs 45 level. They…

Shares of PI Industries have zoomed over 2,400 per cent in the last ten years. An investment of Rs 1 lakh in this multibagger stock in January 2013 would have turned to Rs 26 lakh today. PI Industries' share price which stood at Rs 127 on…

Sah Polymers, whose Rs 66.30 crore initial public offering (IPO) received a strong response from bidders, is likely to finalise basis of allotment today. The IPO was a hit among investors, as the issue by the polymer products player was…

Shares of Jaypee Group's flagship Jaiprakash Associates (JP Associates) plunged 7 per cent on Monday amid heavy volumes after defaulting on loan payments. The stock dived 7.14 per cent to hit an intraday low of Rs 9.49 over its previous…

Seasoned investor Ashish Kacholia picked up stakes in at least three companies in the December quarter. This includes Raghav Productivity Enhancers where he entered for the first time. Kacholia stayed put on Fineotex Chemicals, the latest…

Five Tier 1 IT biggies namely TCS, Wipro, HCL Technologies and Tech Mahindra added a total of Rs 79,000 crore to their combined market capitalisation (m-cap) ahead of the kick start of IT sector earnings later in the day. Ahead of its…

Investors on Dalal Street may move away from the uncertain returns of the equity market back to the certain returns of fixed deposits amid the rising interest rate scenario in 2023, said Siddhartha Bhaiya, MD, Aequitas Investment…

Shares of Filatex India soared nearly 12 per cent in Monday's trade, halting their losing run of three-straight sessions. The stock jumped 11.90 per cent to hit a day high of Rs 47.95 over its previous close of Rs 42.85 amid heavy volumes.…