The Sensex and Nifty are down more than 20% from their peak, which means we’re officially in a bear market. It’s that time when investors typically grab their tin hats, crawl under the desk and wait for the carnage to stop. Some others go looking for safe havens – stocks that ar...read more
In what appears to be the worst trading session in the Indian stock markets, the benchmark BSE Sensex fell over 3,100 points to trade below the 33,000-mark.
At 2.40 p.m., the index w...read more
State Bank of India said on Thursday its board has approved the purchase of 7.25 billion shares worth 72.50 billion rupees ($977.09 million) in Yes Bank as part of an initial phase of a rescue deal...read more
The government could hope to get much better valuation for its share in Bharat Petroleum Corporation (BPCL), if the current trend of low global oil prices continues well into 2020 as it will positi...read more
The Bank of England unexpectedly cut interest rates by half a percentage point to 0.25% on Wednesday to bolster Britain's economy against disruption from a coronavirus outbreak.
The c...read more
The Bank of England slashed interest rates by half a percentage point on Wednesday and announced support for bank lending just hours before the unveiling of a budget splurge designed to stave...read more
Airline major IndiGo on Wednesday said that it expects quarterly earnings to be materially impacted due to the outbreak of coronavirus.
It also pointed out that the rupee has also de...read more
The Central Bureau of Investigation and the Enforcement Directorate are studying the documents seized during the searches carried out at multiple locations in connection with the Yes Bank scam and ...read more
Shares of Reliance Industries Limited (RIL), India’s largest company by market capitalisation, may have been declining in a falling market but it remains top pick for brokerages Goldman...read more
Indian stocks on Monday recorded their worst single-day fall in more than four years, tracking global markets lower, as panic over the economic fallout of the coronavirus outbreak intensified and o...read more
Merchant fintech start-up BharatPe on Monday announced the appointment of Vijay Aggarwal as its Chief Technical Officer.
Prior to joining BharatPe, Aggarwal was a founding member at ...read more
Yes Bank: After restoring ATM cash withdrawal services and access to netbanking portal, private lender Yes Bank on Tuesday announced that it has partially restored its IMPS an...read more
Tata Group is making its biggest push yet towards clean vehicles with plans to make electric cars and batteries, set up charging stations and build a battery recycling plant, senior executive...read more
Infosys: Bengaluru based IT firm on Tuesday said it has completed the sale of its stake in Denmark-based startup UNSILO for $8,00,000 (approximately ₹5.7 crore). Infosys Ltd...read more
United Spirits Ltd’s shares zoomed nearly 14% on Tuesday, the highest single-day gain in more than two years, after the company reported 23.5% growth in adjusted pre-tax profit for the Decemb...read more
The government has sweetened the deal a fair bit for prospective bidders of Air India Ltd. It is now retaining a far greater share of the airline’s debt and has given up the condition of reta...read more
Infrastructure and engineering conglomerate Larsen & Toubro (L&T) on Wednesday reported a 16.48 per cent increase in its consolidated net profit for the quarter ended December at Rs 2,751.6...read more
Infrastructure and engineering conglomerate Larsen & Toubro (L&T) on Wednesday reported a 16.48 per cent increase in its consolidated net profit for the quarter ended December at Rs 2,751.6...read more
Engineering and construction major Larsen & Toubro Ltd on Wednesday reported a 15.2% year-on-year rise in its net profit to ₹2,352 crore for the December quarter, as against ₹2,041 cr...read more
Major business conglomerate Piramal Group will invest Rs 500 crore to expand its operations in Telangana over the next three years, the company announced on Wednesday.
The proposed i...read more
An income tax (I-T) officer has conducted searches on multi-national agro-chemical manufacturer United Phosphorus Limited (UPL), acting on complaints of tax evasion.
A senior Income ...read more
Agrochemicals maker Rallis India Ltd gained 20% in the last three trading sessions, adding ₹798 crore to its market capitalization. The Street was impressed with its December quarter show, which ...read more
Shares of HCL Technologies Ltd fell 1.6% on Monday even though the company reported better-than-expected earnings for the December quarter. The 2.1% sequential revenue growth in co...read more
The company reported standalone net loss during the quarter stood at Rs 137.15 crore as compared to net loss of Rs 77.66 crore in the previous year quarter. Net revenue of the company rose moderate...read more
Lower input prices and improving realizations have driven the Shree Cement Ltd stock into uncharted territory. It surged to an all-time high of ₹22,441, up about 34% in the past year.
Indian shares closed higher on Tuesday as crude prices slipped from their peaks, while investors remained cautious of any fresh escalation in U.S.-Iran standoff.
The Nifty 50 ended ...read more
India’s business and finance fraternity will kick off 2020 with two crucial legal battles: the top court will decide on the nation’s biggest corporate feud and, in an unprecedented acti...read more
NTPC : The state-owned company sought two-to-three-year extension of deadline to install emission-cutting equipment at some plants, according to a Reuters report. The request ...read more
Automobile major Hyundai Motor India will hike prices across models effective from January 2020.
According to the company, the price increase has been necessitated on account of rise...read more
IDBI Bank's Board on Tuesday gave "in-principle approval" to divest its stake in IDBI Capital Market Securities (ICMS) and IDBI Intech Limited (IIL).
According to...read more
Crude steel production of JSW Steel declined 7% year-on-year to 12.9 lakh tonne in November, the company said in a filing to the exchanges on Monday.
Sequentially, output grew 3%. The bla...read more
Maruti Suzuki India Ltd’s shares rose by just 1.6% after the company announced an increase in production after nine consecutive months of output cuts. Of course, just a 4.3% year-on-year prod...read more
Two-wheeler major Hero MotoCorp will raise ex-showroom prices of motorcycles and scooters from January 1, 2020.
According to the company, price increase across the two-wheeler range ...read more
Indian shares gave up early gains and ended lower on Friday, dragged down by state-owned banking stocks, as investor risk appetite waned after the central bank held interest rates in a surpri...read more
Internal communications of CG Power show that there was a deliberate attempt to not provide the documents and mails sought by ousted Chairman Gautam Thapar, who along with few others, is accused in...read more
Reliance Industries Limited (RIL), ICICI Bank, Kotak Mahindra Bank and Infosys were among the gainers. HDFC Bank, HUL, HDFC, ITC and State Bank of India (SBI) suffered losses in their m-cap in the ...read more
As odd as it may sound, Larsen and Toubro Ltd (L&T) is doing a better job of portraying the current economic woes of the country than mainline indices, Sensex and Nifty. Although economic indic...read more
Indian shares dropped from life highs to end lower on Tuesday, dragged down by losses in information technology and consumer stocks, even as global markets rose on optimism around the trade negotia...read more
Indian stocks are set to rise further over the coming year, according to a Reuters poll of equity strategists, but those gains will be limited as fiscal stimulus and easy monetary policy fail to re...read more
Investors shrugged off the cut in outlook by Moody’s Investors Service on UPL Corp. Ltd to stable from positive, sending the stock lower by 0.5% on Tuesday. UPL Corp. is a unit of UPL Ltd thr...read more
An Indian antitrust probe has found that units of Tata Steel Ltd, Sweden's AB SKF and Germany's Schaeffler AG colluded on the pricing of bearings, according to an investigation report seen ...read more
The company reported standalone net loss during the quarter stood at Rs 856.30 crore compared to net profit of Rs 7.96 crore in the previous year quarter. Net revenue of the company declined ...read more
Tokyo-headquartered Sony, which completed 25 years in India this month, has registered triple digit growth in its camera business in the country in just one year and has registered...read more
Country's largest power producer NTPC may make an aggressive bid of about Rs 10,000 crore to buy out the Centre's stake in two hydro power producing companies - NEEPCO and THDC, two persons...read more
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel ...read more
Indian shares inched higher on Tuesday, driven by banking and telecom stocks after two major mobile network service providers said they planned to raise tariffs from next month.
The NSE N...read more
The benchmark Sensex advanced by 135 points during the early trade on Monday led by PSU bank stocks.
It opened higher at 40,431.08,from its Friday's close of 40,...read more
Shares of both Blue Star Ltd and Voltas Ltd are up 20% and 25%, respectively, since August, beating the 8% rise in the benchmark Nifty 200 index.
September quarter’s (Q2 FY20) impro...read more
Softening its resolution plan for Jaypee Infratech (JIL), state-run construction major NBCC has offered 1,426 acres land, worth Rs 5,001 crore, of the bankrupt company to its finan...read more
The company reported standalone net profit of Rs 55.90 crore for the quarter ended September 30, 2019 as compared to Rs 35.39 crore in the same period last year, registering a year-on-year growth o...read more
Vodafone Idea on Thursday reported the biggest quarterly loss in India's corporate history after making provisions for outstanding government dues.
Vodafone Idea, made up ...read more
By Sethuraman N R
Indian shares edged lower on Thursday, after retail inflation breached the Reserve Bank of India's (RBI) medium-term target of 4% for the first time in 15 months, wh...read more
Tata Motors Ltd will raise $300 million through unsecured offshore debt financing, the company said in a filing to the stock exchanges late Wednesday.
The bonds will bear a coupon rate of...read more
The company reported standalone net profit of Rs 20.09 crore for the quarter ended September 30, 2019 as compared to Rs 15.71 crore in the same period last year, registering a year-on-year growth o...read more
The company reported standalone net profit during the quarter stood at Rs 162.60 crore compared to net loss of Rs 10.65 crore in the previous year quarter. Net revenue of the company declined moder...read more
The company reported standalone net profit of Rs 123.12 crore for the quarter ended September 30, 2019 as compared to Rs 92.91 crore in the same period last year, registering a year-on-year growth ...read more
Agrochemical company Insecticides India's profit after tax for the quarter ended September stood at Rs 49 crore, up by 13.6 per cent from the corresponding quarter of the previous year.
...read more
RITES on Wednesday recorded reported profits of Rs 237.21 crore for the September quarter as against a profit of Rs 111.87 crore in the corresponding quarter last year.
The company s...read more
Global software major Wipro has entered into an agreement with Telecom Infra Project (TIP) to drive its 5G adoption, the company said on Wednesday.
"Working within TIP, we will ...read more
Vedanta Limited has emerged as the highest bidder for the Jamkhani coal block in Sundargarh district, Odisha, in the 10th tranche of the captive coal block auction.
...read more
Sunil Munjal, chairman of Hero Corporate Services Ltd, and Hemendra Kothari, veteran investment banker and founder of DSP Group, have held separate talks with Yes Bank Ltd to purchase stakes of 5-1...read more
Nobody expected the moon from Coal India Ltd’s September quarter results. A key reason was that its production was hit last quarter by extended monsoon in certain regions, besides labour stri...read more
Automobile major Tata Motors Group on Tuesday reported a fall of 19 per cent in its global wholesales during October to 89,108 units, including the off-take for the Jaguar Land Rover (JLR).
...read more
The company reported standalone net profit of Rs 35.40 crore for the quarter ended September 30, 2019 as compared to Rs 28.09 crore in the same period last year, registering a year-on-year growth o...read more
The company reported standalone net loss during the quarter stood at Rs 73.17 crore as compared to net loss of Rs 2402.45 crore in the previous year quarter. Net revenue of the company declined mod...read more
The company reported standalone net loss during the quarter stood at Rs 36.00 crore as compared to net loss of Rs 275.10 crore in the previous year quarter. Net revenue of the company rose substant...read more
Management commentary, usually measured and aimed at boosting confidence among investors is changing amid the severe slowdown in the country. More than Bharat Forges' qua...read more
India's diesel demand is expected to recover in the next six months as a longer-than-usual monsoon season that affected transportation and industry has ended, the chairman of top domestic refin...read more
Private lender Lakshmi Vilas Bank on Saturday reported a net loss at ₹357.17 crore for the quarter ending September 30, 2019. The Tamil Nadu-based bank had clocked net loss at ₹132.30 crore dur...read more
Auto major Mahindra and Mahin...read more
The company reported standalo...read more
The company reported standalone net profit of Rs 35.48 crore for the quarter ended September 30, 2019 as compared to Rs 55.08 crore in the same period last year, registering a year-on-year decline ...read more
The company reported standalone net profit of Rs 80.28 crore for the quarter ended September 30, 2019 as compared to Rs 53.77 crore in the same period last year, registering a year-on-year growth o...read more
Car maker Nissan Motor India is buoyant about the export market and plans to ship out over 8,000 Datsun and 65,000 Sunny cars till next year, said a top official of Renault Nissan Alliance India Pv...read more
For the Pune-based manufacturing major Bharat Forge, the business environment in the past quarter has been the "toughest period witnessed by the company in the decade".
The company reported standalone net profit of Rs 18.40 crore for the quarter ended September 30, 2019 as compared to Rs 21.55 crore in the same period last year, registering a year-on-year decline ...read more
The company reported standalone net profit of Rs 136.84 crore for the quarter ended September 30, 2019 as compared to Rs 144.11 crore in the same period last year, registering a year-on-year declin...read more
Despite weak demand conditions, Dabur Ltd’s Q2 volume growth surpassed market expectations. That optimism is being reflected in its shares, which surged 4.9% immediately on the results being ...read more
It is a tried and tested method to seek refuge in stocks that seem to stand tall during times of stress. Bajaj Finance Ltd was an obvious choice when other non-banking financial companies (NBFCs) f...read more
Global software major Infosys has terminated the services of non-performing employees at multiple levels as part of its involuntary attrition, a company source said on Tuesday.
...read more
Indian shares slipped in early trade on Wednesday, dragged by financial and consumer discretionary stocks, and tracking weakness in broader Asia.
The broader NSE Nifty inched 0.37% lower ...read more
The country's largest public sector refiner and retailer, Indian Oil Corporation (IOC), may consider bidding for the Centre's stake in Bharat Petroleum Corporation Ltd (BPCL) if such a need...read more
Godrej Consumer Products Ltd’s (GCPL’s) September quarter results are not spectacular on the revenue front to begin with. Nonetheless, there are some encouraging signs. For instance, th...read more
India added over 1,300 start-ups, including 7 unicorns in 2019, making the country the third biggest start-up ecosystem in the world behind China and the US, according to a new report from in...read more
IL&FS Financial Services has defaulted on its payment obligations on loans and interest payments as low as Rs 4 lakh from October 31 to November 4.
In a regulato...read more
The company reported standalone net profit of Rs 17.56 crore for the quarter ended September 30, 2019 as compared to Rs 26.39 crore in the same period last year, registering a year-on-year decline ...read more
New Delhi: State-run telecom firm MTNL has rolled out a voluntary retirement scheme (VRS) for its employees, days after the government approving a revival package for the stru...read more
New Delhi: State-run telecom firm MTNL has rolled out a voluntary retirement scheme (VRS) for its employees, days after the government approving a revival package for the stru...read more
The company reported standalone net profit of Rs 325.54 crore for the quarter ended September 30, 2019 as compared to Rs 307.26 crore in the same period last year, registering a year-on-year growth...read more
The company reported standalone net profit of Rs 325.54 crore for the quarter ended September 30, 2019 as compared to Rs 307.26 crore in the same period last year, registering a year-on-year growth...read more
The bank reported standalone net profit during the quarter stood at Rs 507.05 crore compared to net loss of Rs 4532.35 crore in the previous year quarter. Interest income of the bank rose by 7.83 p...read more
The company reported standalone net profit of Rs 80.04 crore for the quarter ended September 30, 2019 as compared to Rs 125.65 crore in the same period last year, registering a year-on-year decline...read more
The company reported standalone net profit of Rs 99.75 crore for the quarter ended September 30, 2019 as compared to Rs 146.84 crore in the same period last year, registering a year-on-year decline...read more
The company reported standalone net profit of Rs 22.72 crore for the quar...read more
The company reported standalone net profit of Rs 136.84 crore for the quarter ended September 30, 2019 as compared to Rs 144.11 crore in the same period last year, registering a year-on-year declin...read more
The company reported standalone net profit of Rs 36.99 crore for the quarter ended September 30, 2019 as compared to Rs 46.40 crore in the same period last year, registering a year-on-year decline ...read more
India's largest airline IndiGo and Qatar Airways will make a strategic business announcement on November 7, the two companies said in a statement on Tuesday, sending shares of the budget ...read more
Maruti Suzuki India Ltd (MSIL) on Friday reported a 4.5% year-on-year (YoY) growth in domestic wholesales for October at 144,277 units, indicating a spike in demand during the festival season.
...read more
Shares of Yes Bank rocketed 24 per cent on Thursday as the lender received a binding offer from a global investor for an investment of $1.2 billion.
On the BSE, the ...read more
By Chandini Monnappa
Indian shares extended gains seen through the week on Friday, as a raft of strong earnings raised expectations of a better December quarter.
Broader Asian s...read more
