European Shares Seen Mostly Higher At Open

European stocks look set to open mostly higher on Wednesday, though the upside may remain capped due to escalating tensions in Gaza and ahead of a meeting between U.S. President Joe Biden and his Chinese counterpart Xi Jinping on the sidelines of the 21-member APEC summit in San Francisco. Meanwhile, the U.S. House of Representatives […]

IIHS Says Trucks, SUVs Are More Dangerous For Pedestrians

Trucks and SUVs with tall front ends are more dangerous for pedestrians, according to new research from the Insurance Institute for Highway Safety. An IIHS study of nearly 18,000 pedestrian crashes found that SUVs and vans with a hood height greater than 40 inches are about 45 percent more likely to cause fatalities in pedestrian […]

‘Challenge for us is resource management’

‘The fact still remains that we will have to deliver, so the pressure is now on us to make sure we get our resources, our supplies lined up at acceptable costs.’ Larsen & Toubro (L&T) has reported a new high in terms of order book and order inflows for the September quarter. R Shankar Raman, […]

Will Tata Steel’s global stride with new deal aid profitability?

It was August 2007. Tata Steel was turning 100. Jamshedpur, its hometown, had an air of celebration. The line-up for the special event included the launch of Air Deccan’s commercial flight connecting Kol­kata and Jamshedpur, and release of Russi Lala’s new book, Romance of Tata Steel. There was also the screening of The Spirit of […]

Loss At Byju’s May Only Be Tip Of Iceberg

‘Byju’s financials only reflect the core business. At a group level, they are experiencing substantial losses.’ Beleaguered edtech giant Byju’s is grappling with the need to significantly reduce its losses in order to establish a sustainable business for the long term, according to industry insiders and analysts. The company is currently facing a multitude of […]

Wall Street Might Open Broadly Up

The Consumer Sentiment for November might be the highlight on Friday. Early signs from the U.S. Futures Index suggest that Wall Street might open mostly down. Gold edged down on the strength of the dollar, while oil prices are gaining. As of 6.55 am ET, the Dow futures were up 28.00 points, the S&P 500 […]

Small but mighty: SME IPOs break 2018 record; one every 1.38 days

In the current calendar year, small and medium enterprises (SMEs) have witnessed an impressive surge in initial public offerings (IPOs), surpassing the 2018 record. Over 150 SME IPOs have been introduced to the market, breaking the previous record of 141 set in 2018. According to data from PRIME Database, a primary market tracking firm, 147 […]

DHL Group Q3 Results Down, Cuts Outlook; Stock Up

German logistics major DHL Group Wednesday reported lower earnings and revenues in its third quarter. Further, the company trimmed its earnings outlook for fiscal 2023 as well as fiscal 2025. However, the shares were gaining around 4 percent in the morning trading in Germany. CEO Tobias Meyer said, “Global trade has continued to normalize after […]

How Will Assembly Polls Impact Markets?

‘The outcome of the state polls may lead to some strategy-related permutations and combinations and the markets may extrapolate it to the likely outcome in the general elections.’ The assembly elections across five states — Chhattisgarh, Madhya Pradesh, Rajasthan, Telangana and Mizoram — that begin on November 7 and are a lead-in to the general […]

Explained: How South Korea’s ban on short-selling may impact India

South Korea’s move to ban stock short-selling may further delay its quest to bag an ‘upgrade’ to ‘developed market’ status from global index provider MSCI, said analysts. South Korea will prohibit stock short-selling until June 2024 to allow its regulators to “actively” improve rules and systems. South Korea is currently classified as an ‘emerging market […]