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UBS Group posted a $785 million loss in the third quarter, while signalling that its core wealth business is stabilising. The stock was up 4.3%, aiding a 1% rise in the financial services sector index.

UBS posted a larger-than-expected loss in the third quarter on Tuesday, the first quarterly drop since 2017 as it integrates Credit Suisse after taking over its fallen Swiss banking rival. Credit Suisse posted a positive inflow of net new money for the first time since the first quarter of 2022 at $3 billion.

The benchmark Nifty50 is expected to scale 21,000-mark by the next Diwali, according to over 56% of the 16 respondents who participated in the survey conducted by ETMarkets on what the new year for Dalal Street will look like.

"High inflation across industries and categories from a macro-economic perspective has led to a short-term impact on consumer sentiment and depressed consumer spending in the last few quarters," Chairman Ravi Kant Jaipuria said in a statement.

Revenue from operations grew 11% to Rs 593 crore in the reporting quarter as compared to Rs 532 crore in the corresponding quarter of the previous fiscal. The Board has declared an interim dividend of Rs 10 per share for the financial year 2023-24.

The textile major will issue up to Rs 3,300 crore non-convertible redeemable preference shares of face value Re 1 each in one or more tranches, on a private placement basis, it said in an exchange filing.

“.Specifically IT services companies are still not hiring. We did anticipate some level of mandate was supposed to come in by Q3. We are still not seeing that moment yet. It is fair to say that most of the IT staffing growth would come from GCCs and other non-tech platforms. For Q2, most of the hiring mandates for the IT services companies, have come specifically from manufacturing, retail and e-commerce. We are seeing a similar kind of trend continuing even in Q3.”

A total of 18,699 shares changed hands on the counter till 01:29PM (IST).

As of 30-Sep-2023, promoters held 0.0 per cent stake in the company, while FIIs held 22.37 per cent and domestic institutional investors had 15.54 per cent.

Bharat Forge Ltd. key Products/Revenue Segments include Steel Forgings, Scrap, Export Incentives, Job Work, Dies & Tools and Wind Mills for the year ending 31-Mar-2023.