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Business / Business Today

Union Bank, BOI, Syrma SGS: 3 stocks fall up to 12% today; here are share price targets

Bank of India plunged 12.35 per cent to hit a low of Rs 121.70 on BSE. Union Bank shares tanked 8.2 per cent to hit a low of Rs 130.40. Syrma SGS Technology Ltd tumbled 11.93 per cent to Rs 415.35 level.

13 May 2024 11:27 am
Indegene shares dive 20% from day's high after strong listing pop; here's what you should do

Indegene share price: The stock gave up a significant chunk of its gains as the session progressed. It slipped 20 per cent from its high price of Rs 659.70 to trade at Rs 527.80.

13 May 2024 11:23 am
BEML shares rise 10% in early deals amid market crash, here's why

BEML shares zoomed 9.83% to Rs 3525.45 against the previous close of Rs 3209.80 on BSE. BEMLs market cap rose to Rs 14,576 crore.

13 May 2024 11:03 am
'Market is going to shoot up after June 4': Amit Shah attributes volatility to 'rumours'

PhillipCapital in a note sees a strong rally if the BJP-led NDA hits the much-publicised 400-plus target. If a lower 300-330 seats for the NDA results in a knee-jerk market reaction (a fall), we would treat it as a buying opportunity.

13 May 2024 11:00 am
Elon going to be the biggest loser: Entrepreneur says picking China over India would rob Musk blind

Entrepreneur and academic Vivek Wadhwa said that he had asked Tesla CEO and billionaire Elon Musk to consider moving his manufacturing to India where he would have ruled the market by now.

13 May 2024 10:49 am
SpiceJet announces Delhi-Phuket non-stop service; stock up 2%

This new service will complement the airline's existing operations to Bangkok from Kolkata and Delhi, SpiceJet said.

13 May 2024 10:42 am
Sensex, Nifty: India VIX up 100% in 13 days; elections, FPI selloff weigh; what's next?

Sensex hit a sub-72,000 mark of 71,882.90 earlier today, losing 782 points in the process. Nifty slipped below the 22,000-mark, with India VIX rising another 13.10 per cent to 21.03.

13 May 2024 10:36 am
Tata Motors shares tank 9% after Q4 results; check revised target prices on Tata Group stock

Shares of Tata Motors plunged more than 9.22 per cent to Rs 950.30 on Monday, commanding a total market capitalization of more than 3.15 lakh crore.

13 May 2024 10:33 am
Market crash in numbers: Investors lose Rs 5 lakh crore as Sensex, Nifty tumble amid heavy FII selling

Auto, consumer durables and metal shares were the top losers in early trade. Nifty too slipped 194 pts to 21,861, reflecting weak investor sentiment on Dalal Street.

13 May 2024 10:13 am
Indegene IPO shares make decent debut amid weakness onD-St,list at 46% premium

Ahead of its listing, shares of Indegene were commanding a grey market premium of Rs 300-310 apiece over the issue price, suggesting a listing pop of up to 70 per cent.

13 May 2024 10:06 am
Market, elections & Budget: 100 days of next govt -- what to expect if BJP is re-elected

Budget 2024: Mirae Asset Capital Markets said all eyes will be on the July Budget to see if there are changes to direct or indirect taxation, MSP policy and MGNREGA payments.

13 May 2024 9:53 am
Metropolis Health gets notice for alleged anomalies in diagnostics tests conducted in Delhi mohalla clinics

The company has, on May 10, 2024, at around 3.56 pm, received a notice from the Anti-Corruption Branch, New Delhi, in respect of registration of enquiry for alleged anomalies in diagnostics test conducted in Aam Aadmi Mohalla Clinic, Metropolis said in a filing to the exchanges.

13 May 2024 9:42 am
Singapore PM finds 'Wokeness' problematic amid Ola boss' 'pronoun' fight with LinkedIn

In the West theyve got a movement called Wokeness where you are super sensitive about other peoples issues It leads to very extreme attitudes and social norms particularly in some academic institutions, universities.

13 May 2024 9:17 am
940% return in 5 years! Can multibagger stock Polycab India rise further?

Polycab India: In the absence of any communication from the tax authorities, the market has assumed that Polycab India does not face any material risk on the regulatory front, said Kotak Institutional Equities.

13 May 2024 9:16 am
Zomato Q4 results: Profit to rise QoQ; eyes on market share gain, cut in Blinkit losses

Zomato Q4 earnings: ICICI Securities sees Zomato's Q4 profit at Rs 249 crore against a profit of Rs 138 crore in Q3 and a loss of Rs 204 crore in the year-ago quarter. It sees sales at Rs 3,513 crore, up 71 per cent against Rs 2,056 crore YoY.

13 May 2024 8:31 am
India to sign pact with Iran to manage Chabahar Port for 10 years today: Report

India aims to make Chabahar Port a transit hub under the International North-South Transport Corridor (INSTC) to reach out to CIS (Commonwealth of Independent States) countries.

13 May 2024 8:29 am
Wipro may soon finalise settlement agreement with former top executives Jatin Dalal, Mohd Haque: Report

Wipro is seeking Rs 25 crore from Dalal for breach of contract as he joined Cognizant as CFO immediately after leaving Wipro on November 30. The company had filed a lawsuit against Dalal in a Bengaluru court last year.

13 May 2024 8:17 am
Stocks in news: Tata Motors, Zomato, Indegene, Eicher Motors, JSW Steel, Lupin and JSPL

Varun Beverages, Zomato, Jindal Steel & Power, Tube Investments of India, Aditya Birla Capital, UPL, Sanofi India, Chalet Hotels, Karur Vysya Bank and others will report their Q4 results later today.

13 May 2024 8:15 am
Cipla shares in news on Q4 earnings, dividend announcement

Net profit climbed to Rs 939 crore for the quarter ended March 2024 against Rs 525.6 crore in Q4 of FY23.

13 May 2024 8:14 am
Before global scrutiny, MDH faced many rejections in US over salmonella risks

The companies have said their products are safe and MDH added it does not use ethylene oxide at any stage of storing, processing, or packing of spices.

13 May 2024 8:01 am
Tata Motors Share Price LIVE: Stock up 12.83% in last one month; What you should know

Tata Motors Ltd Stock Price Live: The Tata Motors Ltd has been in focus today amid company-specific news and/or recent price action on the counter. Tata Motors Ltd shares settled the previous traded session at 940.45, down 1.81%. The stock has traded in a wide range of 1,065.60 and 400.45 in the last one year. At last count, the Tata Motors Ltd sector company commanded a market capitalisation of 3.13 Lakh Crore. Heres a deep dive Tata Motors Ltd stock performance, peer returns, historical detail

13 May 2024 8:00 am
Adani Enterprises shares in focus as Adani firm eyes Rs 80,000 capex in FY25

Adani Enterprises' net profit fell 38 per cent YoY to Rs 451 crore in March 2024 quarter on the back of exceptional expenditure and the rise in material costs and operating costs.

13 May 2024 7:35 am
Tata Motors shares up 97% in 1 year. Should you book profit post Q4 results?

Tata Motors share price target: Emkay Global said Tata Motors' Q4 earnings were muted, with limited margin expansion across businesses, despite higher volumes. It has a target of Rs 950 for Tata Motors.

13 May 2024 7:06 am
'I have neighbour like China, I have to learn to compete,' says Jaishankar on boosting India's manufacturing

Since the beginning of the last decade, bilateral trade between India and China recorded significant growth. From 2015 to 2022, India-China bilateral trade grew by 90.14 per cent, an average yearly growth of 12.87 per cent.

12 May 2024 7:33 pm
SBI to hire 12,000 freshers, 85% to be engineering graduates in banking's biggest tech spend

There is no bias towards onboarding engineers in the ranks, Khara said, stressing that this is not by design. Lately, the RBI has increased its focus on technology and penalised banks for shortcomings.

12 May 2024 5:02 pm
Sandeshkhali row: TMC files complaint with ECI against NCW Chief, BJP leader

The party condemned BJP's alleged involvement in perpetrating illegal and unconscionable acts in the letter and accused them of attempts to manipulate the democratic process through unlawful practices.

12 May 2024 4:06 pm
UP Lok Sabha polls 2024 phase 4: Check voting date, seats, candidates, full schedule

Lok Sabha elections 2024 phase 4: Voting will take place in Shahjahanpur (SC), Kheri, Dhaurahra, Sitapur, Hardoi (SC), Misrikh (SC), Unnao, Farrukhabad, Etawah (SC), Kannauj, Kanpur, Akbarpur and Bahraich (SC). In this phase, a total of 130 candidates are contesting for seats.

12 May 2024 3:57 pm
Air India Express slowly restoring flights; cabin crew union says all members joined duty

The Tata Group-owned airline, which operates around 380 services daily, has cancelled at least more than 20 flights on Sunday, the official in the know said and added that full normalcy is expected by May 14 morning, PTI reported.

12 May 2024 3:53 pm
M-cap of 6 of top-10 most valued firms declines by Rs 1.73 lakh crore; HDFC, LIC major laggards

HDFC and LIC took the maximum hit. The market valuation of India's largest private lender slumped by Rs 60,678.26 crore to Rs 10,93,026.58 crore, while LIC's valuation eroded by Rs 43,168.1 crore to Rs 5,76,049.17 crore.

12 May 2024 3:28 pm
Sensex, Nifty this week: Dalal Street to keep watch on CPI, WPI, US core inflation for cues

This week, Indias headline retail inflation data (CPI), Wholesale Price Index (WPI), bank loan and deposit growth, US Fed Chair Powells speech, and US core inflation rate are some of the major events that will keep the markets buzzing

12 May 2024 2:15 pm
IPL 2024 scenarios: What Chennai Super Kings, Rajasthan Royals, RCB, Delhi Capitals, SRH, LSG & Gujarat Titans need to qualify

For Chennai Super Kings: Must win both their remaining matches against RR and RCB to avoid elimination, with a little leeway given their NRR advantage over DC and LSG.

12 May 2024 1:19 pm
Gautam Adani is readying an Rs 80,000 cr cheque. Here's what he plans to spend it on

Adani Group has begun commercial production of wafer and ingots used for making solar cells and modules at its factory in Gujarat.

12 May 2024 12:27 pm
'RBI failed to do heavy lifting under Subbarao': Ex-finance secretary responds to former Governor

Subbarao, who served as Governor from September 2008 to September 2013, in his memoir, writes that the Finance Ministry under Pranab Mukherjee and Chidambaram used to pressurise the RBI to soften interest rates and present a rosier picture of growth to shore up sentiments.

12 May 2024 12:00 pm
IMD predicts relief from scorching heat; these state to see rainfall, thunderstorms

Widespread rainfall accompanied by thunderstorms, lightning, and gusty winds.is predicted in the northern regions of Jammu and Kashmir, Ladakh, Gilgit-Baltistan, Muzaffarabad, Himachal Pradesh, and Uttarakhand on May 12 and 13.

12 May 2024 11:22 am
Hindi-Chini buy-buy! China pips US to become India's largest trading partner

India's exports to China rose by 8.7 per cent to $16.67 billion in the last fiscal. The main sectors which recorded growth include iron ore, cotton yarn, handloom, spices, fruits and vegetables, plastic and linoleum.

12 May 2024 11:11 am
Kami Rita Sherpa climbs Mount Everest for 29th time; shatters own record

Kami Rita first climbed Mt Everest on May 13, 1994, at the age of 24. He now holds the record for the most ascents of the world's tallest peak in its 71-year climbing history.

12 May 2024 10:25 am
FIIs offloaded Rs 4,550 crore of IT stocks in 4 months. Should you press the sell button too?

Shares of IT majors such as Infosys and HCL Technologies declined 7% and 10%, respectively, YTD. Wipro, Tata Technologies, Birlasoft, Mphasis and LTIMindtree also retreated between 4% and 26%. On the other hand, Tata Consultancy Services (TCS) gained 4% during the same period.

12 May 2024 8:50 am
Reliance Capital takeover: Hinduja's IIHL gets regulator nod for Rs 9,650-crore buy. Here's what happens next

IRDAI approval was crucial for the transfer of insurance businesses of Reliance Capital to IIHL. Reliance Capital is one of the promoters of Reliance General Insurance and Reliance Nippon Life Insurance.

12 May 2024 7:43 am
Aadhar Housing Finance IPO allotment status: Check application status, latest GMP and listing date

Bengaluru-based Aadhar Housing Finance offered shares in the fixed price band of Rs 300-315 per share with a lot size of 47 shares between May 8 and May 10.

12 May 2024 7:23 am
ITDC achieves record-breaking turnover of Rs 527 Crores in FY 2023-24

The Profit Before Tax (PBT) has surged to Rs. 110 crores, marking an impressive 34% rise over the preceding period.

11 May 2024 8:07 pm
Eicher Motors reports 18% surge in quarterly profits, driven by strong sales

The company's board has recommended a final dividend totalling Rs 1,396.41 crore at Rs 51 per share.

11 May 2024 6:14 pm
JioCinema Premium launches all-new Anime Slate for itssubscribers, watch the new season 4 of Demon Slayer

The platform will showcase top Anime shows with a dedicated Anime Hub, with thesimultaneous global broadcast of theSeason 4 of the highly anticipated Animetitle, Demon Slayer.

11 May 2024 3:44 pm
D-street ended the week in red as FPIs pressedsellbutton. What lies ahead?

The BSE Sensex declined by 1,214 points, or 1.64%, at 72,664.47 during the week. While Nifty lost 421 points, or 1.87%, to 22,055.2. Sector-wise, the BSE Oil & Gas index registered a decline of 4.5%followed by the BSE Metal index with a 3.3% fall.

11 May 2024 3:35 pm
Rs 8,300 crore worth blockdeals: Vodafone Idea, SBI,Zomatosaw major action last week

Fifteen companies in the large-cap segment witnessed significant block deals cumulatively worth Rs 5,731 crore, according to a report from brokerage firm Nuvama. The pack was led by Kotak Mahindra Bank with 24 block counts amountingRs1,500 crore in total.

11 May 2024 3:07 pm
Dazzling northern lights display across UK, US skywatchers await to witness the mesmerising Aurora

The NOAA had issued a rare alert on Thursday, forewarning of the solar storm's impact, which is expected to persist until the weekend. This unusual solar disturbance carries the potential to disrupt communication systems, GPS, and satellite transmissions.

11 May 2024 1:27 pm
CDSL tweaks transaction charges. Check details to know revisedrates

As per the new notification, the CSDL has slashed the transaction charges by 50 paise per debit across all existing slabs.

11 May 2024 12:29 pm
Jim Simons, the Cold War code-breaker who built the world's greatest moneymaking machine

A one-time code breaker for the US government, Simons never shared the secret of how he made more than four times the return of the S&P 500 Index in his most famous fund, Medallion.

11 May 2024 11:54 am
Cheer for crypto players: Binance may soon open shop in India, completes initial registration

Binances registration comes close on the heels of rival KuCoinsigning up in March after paying Rs 34.5 lakh in penalty imposed by the Financial Intelligence Unit-India (FIU-India), the national agency responsible for analysing suspicious financial transactions

11 May 2024 11:33 am
Hunting for smallcaps with robust earnings? These 30 firms posted over 100% jump in Q4 profits

Multi Commodity Exchange of India, Mahindra Logistics and Dolat Agrotech posted a 1,512%, 1,467% and 1,048% rise in net profit in Q4FY24.

11 May 2024 9:39 am
TBO Tek IPO allotment status: Check application status, latest GMP and listing date

New Delhi-based TBO Tek, whose IPO was open for bidding May 8 and May 10, offered its shares in the fixed price band of Rs 875-920 per share with a lot size of 16 shares

11 May 2024 8:21 am