Business
ITC shares rally nearly 5% to hit 52-week high after earnings
Shares of ITC rallied nearly 5 per cent in morning trade on Thursday after the company reported an 11.60 per cent rise in consolidated net profit for the fourth quarter ended in March 2022. The stock jumped 4.74 per cent to its 52-week high of Rs 279.15 on the BSE.
Investors poorer by over Rs 5L cr in early trade as markets tumble
Equity investors became poorer by over Rs 5 lakh crore in early trade on Thursday as domestic benchmark indices tumbled mirroring weak trends in global equities. The 30-share BSE benchmark sensex tanked 1,154.78 points to 53,053.75 in early deals tracking weak global markets, persistent foreign fund outflows and a spurt in crude oil prices.
Musk loses $12 billion in a day as he tweets politics, slams ESG
Musk, 50, remains the world's richest person, with a fortune of $209.9 billion, according to the Bloomberg Billionaires Index. He's shaved $60.4 billion off his wealth this year, trailing only Binance's Changpeng Zhao, who's down $81 billion, and Jeff Bezos's $62 billion drop.
Top executives may get 9% hike: Survey
Top executives in India are expected to receive an increment of 8. 9% this year, the highest in six years, according to a survey. The meatiest hikes are expected to be witnessed in sectors such as manufacturing, technology and ITeS, followed by life sciences and finance.
