Business

Shares of Wipro climbed on Monday, halting their losing run of six straight sessions. The stock rose 0.48 per cent to settle at Rs 395.95 over its previous close of Rs 394.05. The scrip hit an intraday high of Rs 397.45 on BSE. A total of…

The Rs 960.35-crore  IPO by Sula Vineyards was subscribed 28 per cent on Day 1 of the bidding process. The issue received total bids of 52,34,670 shares against the issue size of 1,88,30,372 shares. The quota reserved for retail individual…

Sensex closed over 51 points lower on Monday while the Nifty settled flat amid a weak trend in global markets and continuous foreign fund outflows. Sensex fell 51.10 points or 0.08 per cent to end at 62,130.57. During the day, the 30 stock…

Shares of Macrotech Developers rose over 3% intraday after the real estate firm said it has raised Rs 3,547 crore through the Qualified Institutional Placement (QIP) issue.   The stock touched an intraday high of Rs 1092.5, rising 3.41 per…

At its FY22 annual analyst meet, Siemens indicated strong ordering momentum across business verticals, led by both public and private capex. While the public sector capex are expected in infrastructure investments, strong private sector…

Shares of Eicher Motors slipped 2 per cent in Monday's trade, with technical charts hinting at a weak trend in the short term. The stock declined 2.07 per cent to hit a day's low of Rs 3,287.50 on BSE over its previous day's closing of Rs…

Shares of Thomas Cook spurred 11 per cent in Monday's trade after a wholly-owned subsidiary Sterling Holiday Resorts launched its property, Sterling Arunai Anantha Tiruvannamalai, in Tamil Nadu. The stock surged 11 per cent to hit of  high…

The current week will see a flurry of macro-economic data, which will decide the direction of the Indian stock market. Market participants will be eyeing the data of Index of Industrial Production (IIP) and the data of Consumer Price Index…

Shares of Wipro have underperformed their peers Tata Consultancy Services and Infosys in terms of returns in 2022 and in the last one year. Wipro stock has slipped 45%, emerging as the top loser among the IT giants this year. Wipro shares…

The initial public offering (IPO) of automobile dealership chain Landmark Cars would open for subscription on Tuesday (December 13). The three-day issue would conclude on December 15. The company has fixed a price band of Rs 481-506 per…

Shares of YES Bank hit a fresh 52-week high of Rs 21.20 a level in Friday’s trade, breaching the 21 level that was seen as an immediate resistance for the stock in the near term. Analysts said the next target for the stock is Rs 24,…

Sula Vineyards, whose Rs 960.35-crore IPO is underway, could rally 60 per cent post listing in a bull case scenario said Ventura Securities in its latest IPO note. In a bear case however, it sees a 44 per cent potential downside over the…

Shares of Hindustan Oil Exploration jumped nearly 5 per cent on Monday, snapping their four-day losing run after the company said it has "resumed oil production from D-1 well in its B-80 field, located in western offshore, after arresting a…

Shares of One 97 Communications (Paytm) were trading lower in Monday's trade, even as the company reported a 150 per cent jump in October-November loan distribution at 6.8 million, with annualised run rate for the loan distribution business…

The Rs 960.35-crore IPO by Sula Vineyards, India’s largest wine producer and seller, will open for public subscription today. Ahead of the IPO, the company finalised allocation of 8,070,158 shares to anchor investors at Rs 357 a piece,…

  Domestic stocks are likely to see a cautious start to Monday's trade amid a rise in dollar and worries over rate hikes ahead of the US Fed rate decision on Wednesday. Asian markets were trading lower in early trade. At home, all eyes…

One 97 Communications Ltd, the operator of India's largest digital payments provider Paytm, cannot use proceeds of its mega initial public offering (IPO) for the proposed repurchase of its own shares, as rules prohibit such a move, sources…

Indian equity benchmarks ended the week on Friday with a cut of over 1% as US recession fears continued to hurt sentiments. Reserve Bank of India (RBI) raising the repo rate by 35 basis points (bps) to 6.25% has also dampened the…

Wholesale prices rose more than expected in November as food prices surged, dampening hopes that inflation could be headed lower, the Labor Department reported Friday.The producer price index, a measure of what companies get for their…

Jennifer Hyman, Rent the Runway Scott Mlyn | CNBCAs some shoppers think twice about purchases, Rent the Runway is getting a bump.The fashion rental and subscription company on Wednesday reported stronger quarterly revenue that beat…

People line up to enter a store during Black Friday shopping at Fashion Outlets of Chicago in Rosemont of Greater Chicago Area, Illinois, the United States, on Nov. 26, 2021.Joel Lerner | Xinhua News Agency | Getty ImagesLululemon on…

Indian benchmark indices saw profit-booking today led by losses in IT, capital goods and metal stocks. Sensex fell 389 points to end at 62181. Of 30 Sensex stocks, 18 ended in the red. Nifty too fell 112 points to end at 18,496, with 33 of…

Vadilal Industries stock zoomed over 10 per cent today after the company’s board on Thursday approved the purchase of the “Vadilal” brand from its promoter group entity Vadilal International.  The board also gave its approval for selling…

TSMC has bucked a slowdown in areas of the chip market in the face of rising prices, fears of a global recession and Covid disruptions in China.Rafael Henrique | Sopa Images | Lightrocket | Getty ImagesTSMC, the world's largest contract…

Shares of IT major Wipro have slipped 45%, emerging as top losers among the IT giants this year. Wipro stock which closed at Rs 715.20 on December 31, 2021 is trading at Rs 396.40 in the current session. On the other hand, Infosys stock has…

Shares of One 97 Communications Ltd, Paytm's parent, returned to positive territory in Friday's trade, snapping their four-day losing run. The stock climbed as much as 6.79 per cent to hit a day high of Rs 542.90 against its previous close…

Global brokerage firm Nomura is positive on select information technology (IT) majors from the largecaps and midcaps segment for 2023. The overseas firm said that IT sector valuation has moderated significantly and its premium to broader…

Shares of Sun Pharma rose today after falling for five consecutive sessions as the healthcare firm said the company would not revise its revenue guidance downwards for the current financial year due to USFDA's import alert at its Halol…

Shares of Yes Bank extended their gains for the second straight session on Friday. The stock jumped as much as 14.93 per cent to hit a day high -- also its 52-week high -- of Rs 20.40 as against its previous close of Rs 17.75. A total of…

Shares of Hindustan Unilever Limited hit their 52-week high of Rs 2,741 on BSE a day after the company announced its foray into the ‘Health & Wellbeing’ category through strategic investments in Zywie Ventures Private Limited (“OZiva”)…