Enterprise Financial News

F&O ban list: A total of thirteen stocks have been put under the ban for trade on Friday, January 12, 2024, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as it crossed 95 per cent of the market-wide position limit (MWPL), according to the NSE. However, the stocks will be available for trading in the cash market.

Chesapeake Energy Corporation (CHK) and Southwestern Energy Company (NYSE:SWN) announced today their boards approved a merger valued at $7.4 billion.

The latest survey from Morgan Stanley shows that the annual acceleration of IT budgets in 2024 is projected to be underpinned by the robust strength of secular trends, particularly in Generative AI (GenAI) and the Public Cloud.

₹ 500 crore, but now it applies to those with annual sales exceeding ₹ 5 crore. It is not required for retail sales to end consumers.

Zee Entertainment Enterprises Ltd. traded 1.34 per cent lower in Thursday's session at 12:23PM (IST). The stock opened at Rs 261.0 and has touched an intraday high and low of Rs 262.4 and Rs 255.05, respectively, during the session so far.

Small enterprises big on new firm registrations Additionally, 75% of Wholesale and Trader segment MSMEs remained bullish on consumer demand in the current calendar year. Among the Indian cities, Delhi appeared most optimistic where 87% of the surveyed MSMEs anticipated a surge in consumer spending. The survey analysed responses from nearly 3,000 MSMEs from more than 25 cities in India.

Sobha Ltd.(up 6.55 per cent), Oberoi Realty Ltd.(up 1.67 per cent), Swan Energy Ltd.(up 0.82 per cent), Godrej Properties Ltd.(up 0.78 per cent) and DLF Ltd.(up 0.73 per cent) were among the top gainers. Phoenix Mills Ltd.(down 3.07 per cent) were the top losers on the index.

Microsoft has launched its Copilot AI app, a comprehensive generative AI solution, for Android users. This free application, formerly known as Bing Chat, integrates the advanced GPT-4 AI model, offering a range of capabilities, including text generation and image creation with DALL-E 3. This release marks a notable step in Microsoft's AI endeavors, positioning Copilot as a strong competitor against paid alternatives and setting the stage for an anticipated iOS version​​​​.

Balrampur Chini, Bandhan Bank, Chambal Fertilizers, Escorts Kubota, Hindustan Copper, Indian Energy Exchange (IEX), The India Cements, Indus Towers, National Aluminium Company, Piramal Enterprises, PVR Inox and Steel Authority of India (SAIL). After moving out of the ban for a day, Zee Entertainment Enterprises (ZEEL) is back on the ban list. Delta Corp and Gujarat Narmada Valley Fertilizers (GNFC) have moved out of the ban. The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions limits or MWPL.

NEW DELHI : The Union ministry of food processing industries may get a lower allocation in the interim budget for FY2024-25 following lower expenditure in the ongoing financial year, a senior MoFPI official said. The ministry has spent about ₹2,912 crore so far in FY2023-24, against the budget estimate of ₹3,287 crore for the financial year.

UAE-India Business Summit, held under the theme of “Two Nations, One Vision”, took place on the side-lines of the Vibrant Gujarat Global Summit 2024. The event marked an important milestone in the UAE-India economic partnership, with the unveiling of a range of new initiatives aimed at further bolstering the strategic bilateral partnership. Among the key outcomes of the Summit, the ceremonial launch of the UAE-India CEPA Council (UICC) took place in the presence of Dr. Thani bin Ahmed Al Zeyoudi, the UAE Minister of State for Foreign Trade, and Piyush Goyal, the Indian Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution, and Textiles. Among its objectives, the UICC will encourage close partnerships and tangible cooperation across all levels of the UAE and Indian business communities, with a strong emphasis on critical industries such as start-ups, women entrepreneurs, micro, small, and medium-sized enterprises (MSMEs), and the services sectors.

Quiver Quantitative — The U.S. East Coast is grappling with significant power disruptions following a massive winter storm, affecting over half a million homes and businesses from Florida to Maine. According to PowerOutage.us, New York has been the hardest hit, with nearly 143,000 customers without electricity. This is closely followed by Pennsylvania, North Carolina, and New Jersey, experiencing approximately 105,000, 70,000, and 58,000 outages respectively. The primary power companies in these states include Con Edison (ED) in New York, FirstEnergy (NYSE:FE) in Pennsylvania, Duke Energy (NYSE:DUK) in North Carolina, and Public Service Electric and Gas in New Jersey, a subsidiary of Public Service Enterprise Group (NYSE:PEG).

Hewlett Packard Enterprise is buying Juniper Networks in an all-cash deal valued at about $14 billion, which is anticipated to double HPE’s networking business

Velocity has earmarked Rs 300 crore (about $36 million) to meet the growth capital needs of business-to-business software-as-a-service (B2B SaaS) companies over the next 18 months. Abhiroop Medhekar, founder and CEO, told ET that the company aims to double its e-commerce disbursements to Rs 800 crore over the year, while expanding its cloud kitchen and allied restaurants portfolio.

Sandur Manganese & Iron Ores Ltd.(up 2.64%), Lexus Granito(India)Ltd.(up 1.99%), Ashapura Minechem Ltd.(up 0.66%), MOIL Ltd.(up 0.62%), Gujarat Mineral Development Corporation Ltd.(up 0.35%), Aro Granite Industries Ltd.(up 0.34%) and The Orissa Minerals Development Company Ltd.(up 0.34%) stood among the top gainers. Madhav Marbles & Granites Ltd.(down 3.96%), NMDC Ltd.(down 3.05%), KIOCL Ltd.(down 2.97%), Oriental Trimex Ltd.(down 1.95%), Coal India Ltd.(down 0.85%), Pokarna Ltd.(down 0.27%) and 20 Microns Ltd.(down 0.08%) were among the top losers of the day.

₹1,069 on Wednesday's trading session, spurred by an upgrade from BofA Securities to a "neutral" rating. The accompanying increase in the target price was driven by anticipations of a forthcoming tariff hike. The broking firm raised the target price of the telecom major to ₹1,145, an upside of 7% from the current levels.

Adani Enterprises, said, "Recent geopolitical events have reinforced the convergence of physical, informational, and cognitive tactics underpinned by intelligence, information processing capabilities, and the use of unmanned and cyber systems for dissemination of information and disinformation." "Intelligence, surveillance and reconnaissance platforms across land, air and naval borders are a key priority for Adani to serve the armed forces and place India on the global map for exports. We are proud to be able to serve the Indian Navy," he added.

China stocks dipped again on Wednesday to the lowest since February 2019, while Hong Kong shares logged a seven-day losing streak, as the absence of market catalysts kept investor sentiment low. ** The blue-chip CSI 300 Index and the Shanghai Composite Index fell 0.5% each. ** Hong Kong's Hang Seng Index fell 0.6% and the Hang Seng China Enterprises Index dropped 0.5%. ** In Asia, Japanese stocks hit a near 34-year high, while other Asian equities meandered around one-month lows ahead of U.S.

NEW DELHI : ONGC Videsh Ltd has incorporated a wholly owned subsidiary called OVL Overseas IFSC Ltd in Gujarat’s GIFT City that will function as a treasury hub catering to OVL and its 25 subsidiaries, including step-down subsidiaries, across 15 countries. “... OOIL expects to efficiently consolidate funds available with the group in various countries and raise additional funds needed to achieve the ambitious target of producing 40 million metric tonnes oil and oil equivalent (MMToe) by 2040 from overseas assets," ONGC Videsh said in a statement on Wednesday.

Zuari Agro Chemicals Ltd.(up 2.26%), Gujarat State Fertilizer & Chemicals Ltd.(up 1.83%), Madhya Bharat Agro Products Ltd.(up 1.20%), Paradeep Phosphates Ltd.(up 0.89%), Krishana Phoschem Ltd.(up 0.87%), The Fertilisers and Chemicals Travancore Ltd.(up 0.42%), Agro Phos India Ltd.(up 0.42%), Rama Phosphates Ltd.(up 0.21%) and Khaitan Chemicals & Fertilizers Ltd.(up 0.20%) were among the top gainers. Mangalore Chemicals & Fertilizers Ltd.(down 1.86%), Sikko Industries Ltd.(down 1.34%), Rashtriya Chemicals & Fertilizers Ltd.(down 0.98%), Nagarjuna Fertilizers and Chemicals Ltd.(down 0.72%), Madras Fertilizers Ltd.(down 0.67%), National Fertilizers Ltd.(down 0.54%), Southern Petrochemicals Industries Corporation Ltd.(down 0.48%), Deepak Fertilisers & Petrochemicals Corporation Ltd.(down 0.35%), Coromandel International Ltd.(down 0.29%) and Aries Agro Ltd.(down 0.19%) were among the top losers.

₹50 trillion for the first time. As of 30 November, it stood at ₹50.6 trillion. Retail lending comprises housing and vehicle loans, credit card receivables, loans against gold jewellery, personal loans, etc.