Markets slump over 1%; Sensex tanks 1,282 points

Stock markets tumbled on Tuesday with benchmark Sensex falling by 1,282 points due to profit-taking in IT and FMCG shares a day after a record rally. Photograph: Francis Mascarenhas/Reuters The 30-share BSE barometer tanked 1,281.68 points or 1.55 per cent

S&P 500 is little changed as stocks look to extend Monday’s big rally

US Stock Market Live: US stock futures are trading marginally in the red after a strong rally on Monday, marking their best single-day gain since April 9, which was the day US President Donald Trump announced a pause to his

Bharti Hexacom Q4 Results: Net profit more than doubles by 110% to ₹468 crore, revenue up 22% YoY; Dividend declared

Bharti Hexacom Q4 Results: Bharti Hexacom announced its January-March quarter results for fiscal 2024-25 (Q4FY25) on Tuesday, May 13, reporting a surge of 432 per cent, almost more than double the consolidated net profit to ₹468.4 crore, compared to ₹222.6

Consistently healthy performance behind Marico’s high stock valuation

Marico reported consolidated revenue growth of 20 per cent year-on-year (Y-o-Y) during the January-March quarter (Q4) of FY25. Photograph: Kind courtesy, Marico Domestic revenue surged 23 per cent Y-o-Y, while volume growth was 7 per cent. International growth stood at

Tax dept notifies all 7 ITR forms for assessment year 2025-26

The income tax department has notified all seven income tax return forms for assessment year 2025-26. Illustration: Dominic Xavier/Rediff While ITR forms 1 and 4, which are filed by small and medium taxpayers, were notified on April 29; ITR-7, filed

Trump’s drug price cut plan may put pressure on India

US President Donald Trump’s plan to sign an executive order to cut prescription drug prices by 30-80 per cent could lead to a global price adjustment with pharma firms pushing lower-cost countries like India to raise prices, according to the

Stock markets log biggest single-day rise; Sensex ends up 2975 points

Benchmark stock indices Sensex and Nifty recorded their biggest single-day gains in absolute terms on Monday, skyrocketing nearly 4 per cent, after India and Pakistan reached an understanding to stop military actions and US and China announced a deal to

Tata Steel Q4 Results: Profit, revenue in line with estimates; ₹3.60 dividend declared

Tata Steel reported a consolidated net profit of ₹1,201 crore for the quarter ended March 2025, significantly higher than CNBC-TV18’s estimate of ₹1,080 crore and more than double last year’s ₹555 crore. The growth was supported by stronger other income

Wall Street today: Nasdaq rallies 4.2%, S&P 500 jumps 2.6%, Dow Jones gains 1.6% on US-China trade deal

Wall Street key stock indices opened sharply higher on Monday as the United States and China reached a deal to reduce tariffs. China and the United States announced a 90-day truce in their trade war, agreeing to cut most of

Defence stocks on growth warpath as order blitz fuels bullish outlook

Defence stocks have been on a tear, with the Nifty India Defence index hitting all-time highs. Over the past week, the index jumped around 7 per cent, far outpacing the flat performance of the Nifty 50. Photograph: ANI Photo Over