Business

Consumers pulled back on spending in November, failing to keep up with even a muted level of inflation for the month, the Commerce Department reported Thursday.Retail sales for the month declined 0.6%, even worse than the Dow Jones estimate…

Wall Street's main stock indexes were set to open sharply lower on Thursday, as the Federal Reserve's guidance to stick to protracted policy tightening quelled hopes of the rate-hike cycle ending anytime soon. The U.S. central bank hiked…

DroneAcharya Aerial Innovations (Droneacharya AI), the Pune-headquartered drone start-up company, on Thursday said it received an overwhelming response from the bidders, clocking a subscription of 262 times on the last day of its public…

President of the European Central Bank Christine Lagarde attends a hearing of the Committee on Economic and Monetary Affairs in the European Parliament on November 28, 2022 in Brussels, Belgium.Thierry Monasse | Getty Images News | Getty…

Indegene Ltd, a healthcare tech firm focused on the global life sciences industry, has filed preliminary papers with capital markets regulator Sebi to raise as much as Rs 3,200 crore through an Initial Public Offering (IPO). The IPO…

Indian benchmarks Sensex and Nifty closed over 1 per cent lower each on Thursday, in line with weak global markets following the US Federal Reserve's interest rate hike and its hawkish stance.  Sensex tanked 878.88 points to end at…

Will Marshall, Co-Founder & CEO of Planet Inc., celebrates his company’s listing on the floor of the New York Stock Exchange (NYSE) in New York City, December 8, 2021.Brendan McDermid | ReutersSatellite imagery and data company Planet…

Shares of PSU banks have seen a decent run up of late, thanks to improved fundamentals and low valuations. PSU banks have turned profitable after 8-9 years as balance-sheet are cleaner and incremental credit costs are lower. In a detailed…

The correction in Indian IT stocks such as Wipro, Infosys and TCS this year has left investors confused about the positions they should take to achieve maximum returns from their portfolios. Among the three IT bellwethers, Wipro stock has…

Apollo Hospitals, Tata Steel, Titan Company and IndusInd Bank were among 28 Nifty stocks that increase in mutual fund exposure in November. ONGC, Hindustan Unilever (HUL), UltraTech Cement, Nestle India and Sun Pharma were among other Nifty…

Shares of Larsen & Toubro (L&T) were trading flat in the afternoon session today after the infra major said its hydrocarbon business (L&T Energy Hydrocarbon - LTEH) has won two prestigious orders for its Asset Management and…

Shares of IT firm eClerx fell over 1 per cent in Thursday's trade after its board approved a share buyback proposal. The meeting commenced at 11 am and concluded at 12.10 pm. The company board has okayed a final buyback price of R 1,750…

The initial public offering (IPO) of Abans Holdings was subscribed 110 per cent or 1.10 times on the fourth and final day of the bidding process today. The issue received bids for 1,40,20,930 shares against the issue size of 1,28,00,000…

The initial public offering (IPO) of Abans Holdings was subscribed 54 per cent on the fourth day of the bidding process today.  The issue received bids for 68,64,495 shares against the issue size of 1,28,00,000 shares. The quota reserved…

After Sula Vineyards, the grey market premium (GMP) of Landmark Cars has eroded fully, with the issue commanding a discount of Rs 5 over the upper end of the IPO price band at Rs 506. The Rs 552 crore IPO did not breach the half way mark…

The Rs 552 crore Landmark Cars IPO was subscribed 43 per cent on the Day 3 of the bidding process on Thursday, with the employee quota getting subscribed 2.32 times. The issue received bids for 34,34,992 shares against the issue size of…

Mutual fund managers were seen increasing stakes, though negligibly, in five of Adani group stocks namely Adani Power, Adani Green, Adani Total Gas, Adani Wilmar & Adani Transmission in November, monthly data available with PRIME…

Where do you put one-fourth of your money in the domestic equity market? The latest mutual fund data holds a cue for you. Asset management companies in India held shares worth over Rs 5.69 lakh crore in the top five listed companies— ICICI…

Kotak Institutional Equities has increased the target price for YES Bank but still maintained its 'sell' call. Motilal Oswal Securities has revised its price target on Union Bank to Rs 100 apiece, citing healthy performance over the past…

India has done reasonably well as an economy, as well as a market and hence valuations are certainly stretched, says Chirag Setalvad, Head of Equities, HDFC AMC.  “The stretch really is on the midcap side, where businesses have done well,…

U.S. Federal Reserve Board Chairman Jerome Powell holds a news conference after Federal Reserve raised its target interest rate by three-quarters of a percentage point in Washington, September 21, 2022.Kevin Lamarque | ReutersCall it a sign…

Shares of UCO Bank on Tuesday soared nearly 15 per cent, extending their gains for the eighth straight session. The stock zoomed 14.63 per cent to settle at Rs 33.30 over its previous close of Rs 29.05. The scrip hit an intraday high --…

The initial public offering (IPO) of Abans Holdings was subscribed 46 per cent on the third day of the bidding process today.  The issue received bids for 58,37,480 shares against the issue size of 1,28,00,000 shares. The quota reserved for…

Benchmark indices closed higher on Wednesday, extending the previous session's rally amid lower level of inflation on domestic front and better-than-expected inflation readings from the US. Sensex climbed 144.61 points or 0.23 per cent to…

Shares of Vodafone Idea jumped 10 per cent in late rally on Wednesday amid heavy volumes. The scrip rose 9.49 per cent to settle at Rs 8.65 apiece on NSE, snapping a seven-day fall. On BSE, the scrip rose 9.61 per cent to close at Rs 8.67.…

Shares of NCC Ltd jumped 7.43 per cent on Wednesday to hit a one-year high level of Rs 96.90, extending their gains for the third straight session. The stock eventually settled 2.16 per cent higher at Rs 92.15 over its previous close of Rs…

Shares of specialty chemicals firm Jubilant Ingrevia have surged 37% from their 52-week low this year. Jubilant Ingrevia shares hit a 52-week low of Rs 401.35 on March 8, 2022. Since then, the stock has gained 37.65% or Rs 151 till date.…

Shares of Alkyl Amines have taken a downward trajectory since August 2021, leaving investors guessing on how long they should hold on to the stock. Alkyl Amines stock, which closed at Rs 4,386.45 on July 30, 2021, has lost 1,586 points or…

The grey market premium (GMP) of Sula Vineyards has slipped into the red while that of Landmark Cars also fell, grey market trends suggest.  GMPs of Abans Holdings and DroneAcharya Aerial Innovations (an SME) were holding up well. Last…

Brexit has added more than £200 to the average U.K. household food bill, according to a new study from the London School of Economics.Nathan Stirk | Getty Images News | Getty ImagesLONDON — U.K. inflation came in slightly below expectations…