Benchmark shares indices dropped over 1% on Tuesday to end near their two-month closing lows with metal shares leading the decline amid growth concerns in China, the world's largest consumer of metalsSensex closed with a loss of 296 points, down 1.1%
Infosys may have kicked off the earnings season with a generous Diwali bonus, but the stock is unlikely to be re-rated yet because the company has maintained its revenue guidance of 7-9% for the fiscal. The company surprised the Street with a 3..
The US Congress seems to have gone on the offensive against 14 generic drug manufacturers, including three top Indian firms — Sun Pharmaceutical Industries, Dr Reddy’s Laboratories and Cadila Healthcare — following an abnormal rise in
Benchmark shares indices ended lower for the third straight week amid selling by foreign funds on worries that the US Federal Reserve may soon end its monetary stimulus while weak economic data from Germany and China also dampened market sentiment.
Benchmark share indices ended lower for the fourth consecutive week amid worries over how the global economic growth would affect India and the possibility of higher interest rates in the US leading to capital outflows from emerging economies.
Tata Power reported a consolidated net loss of Rs 260 crore in the last financial year, its second highest in the last 10 years. Also its consolidated debt at Rs 40,173 crore, 3.24 times its net worth, was the highest in more than a decade.
Benchmark shares indices ended lower, amid choppy trades, for the third straight session with IT shares declining the most led by Infosys amid reports of downgrade by global financial services major Citigroup.