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Hindenburg bet against India's Adani puzzles rival US short sellers

Typically, investors who want to bet that the company's stock will fall borrow shares in the market and sell them, hoping to buy them back at a lower price, in a practice called short selling

Dainik Bhaskar-owner DB Corp's Q3 profit slumps 44% on high newsprint costs

India's DB Corp reported a 44.2% fall in quarterly profit as the owner of India's largest Hindi daily was hit by high newsprint prices, sending shares down as much as 9.5%

Adani's market losses top $100 bn as shelved share sale spooks investors

The withdrawal of Adani Enterprises' share sale caps a dramatic setback for Gautam Adani, the school dropout-turned-billionaire whose fortunes rose rapidly in recent years

Cold weather hits India's gasoline, gasoil sales in Jan: Prelim data

Sales of gasoline and gasoil by Indian state-run retailers declined in January from the previous month as cold weather in parts of the country

Shares of India's Britannia Industries hit record high on Q3 profit surge

Shares of India's Britannia Industries surged to a record high on Thursday, a day after the maker of Good Day and Little Hearts biscuits reported its third-quarter profit more than doubled

Oil prices climb as dollar slumps, OPEC+ keeps output cut policy

Oil prices rebounded on Thursday after tumbling in the previous session as a weaker dollar brought back some appetite for risk assets and the OPEC+ decision

Rupee likely to open higher after Fed rate hike, local equities in focus

Rupee likely to open higher after Fed rate hike, local equities in focus

Fed opts for small rate hike, still expects to deliver 'ongoing increases'

The Federal Reserve raised its target interest rate by a quarter of a percentage point on Wednesday

Global stocks dip, dollar falls as US Fed monetary policy decision looms

Investors have viewed a weaker labor market as a key component to bring down stubbornly high inflation

Sooner or later, US Fed may need technical tweaks for rate control toolkit

The Fed is widely expected to raise the target rate to 4.5% to 4.75% at Wednesday's Federal Open Market Committee meeting

Global factory activity contracts again in Jan, highlights fragile recovery

The latest figures come as central bankers gear up for another round of interest rate increases to combat high inflation

Gillette India Q2 profit rises 6% on strong demand for grooming products

Shares of the company ended about 0.3% lower on Wednesday and about 4% in 2022

Govt in touch with Sebi on Adani Group-Hindenburg row, says report

Adani Group has denied allegations on the use of tax havens and concerns on high debt levels made by short seller Hindenburg Research

Mahindra Logistics Q3 profit down 21.5% as costs rise; revenue up 17%

Mahindra Logistics also flagged weakness in its freight forwarding service due to a sharp drop in freight rates

Biocon sells 9.96% stake in contract research firm Syngene via open market

Bengaluru-based Biocon had in September 2022 sold a 5.4% stake in the open market, as per an exchange filing

Budget 2023: Oil companies will spend Rs 1.06 trn in next financial year

Nearly half of overall expenditure would be for refineries expansion and upgrade while about 44% will be used for exploration and production of hydrocarbons, the data provided in the budget documents

Britannia Industries' Q3 net more than doubles to Rs 932 cr on price hikes

Consolidated total revenue from operations grew 17.4% to Rs 4,197 crore for the reported quarter

India to see challenges in meeting fiscal glide path, says Fitch analyst

The government is targeting a budget deficit of 5.9% of GDP for 2023/24, while the deficit was 6.4% in 2022/23, according to revised estimates

India earmarks $3.7 billion for state oil companies' energy transition

"This Budget builds on our focus on green growth," finance minister Nirmala Sitharaman said in her budget speech

Gold prices edge down as traders strap in for US Fed policy decision

Gold tends to appreciate on expectations of lower interest rates, which reduce the opportunity cost of holding non-yielding bullion