Page 745 - Reuters

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

Q3 results: Titan posts surprise net profit fall, shares sink over 1%

The quarter witnessed a strong festive consumer demand, Titan Company Managing Director C K Venkataraman said

US layoffs hit two-year high in Jan as tech firms cut thousands of jobs

Retailers, second after tech, cut 13,000 positions in January, compared with virtually no layoffs a year earlier

Euro hits 10-month-high on dollar as central banks chart divergent courses

The euro sat at a 10-month high against the dollar on Thursday, ahead of a European Central Bank meeting

Oil prices steady as dollar slumps, Russian oil products ban looms

Oil prices were steady on Thursday after tumbling in the previous session as a weaker dollar boosted sentiment, though looming sanctions on Russian oil products added uncertainty over supply

Dabur India Q3 profit drops on dull rural demand; income dips to Rs 476 cr

In fact, the drop off in rural spending slowed the entire FMCG sector's growth in the last three months of 2022, compared with the previous quarter, market intelligence firm NielsenIQ said on Thursday

APL Apollo Tubes misses Q3 profit view on higher raw material costs

Apollo Z, the company's rust-proof structures segment and its second-biggest business, posted a 7% drop in sales volume

Bajaj Electricals Q3 profit rises 27%, amid high demand of consumer goods

India's Bajaj Electricals Ltd reported a near 27% surge in third-quarter profit on Thursday, aided by higher demand for consumer goods

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