Enterprise Financial News

(Reuters) -Hewlett Packard Enterprise will buy networking gear maker Juniper Networks (NYSE:JNPR) for $14 billion, in an attempt to spruce up the company's artificial intelligence offerings.

F&O ban list: A total of twelve stocks have been put under the ban for trade under the futures and options (F&O) segment on Wednesday, January 10, by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as it crossed 95% of the market-wide position limit (MWPL), according to the NSE. However, the stocks will be available for trading in the cash market.

Zee Entertainment Enterprises over stalemate on who would lead the $10-billion merged entity. It reportedly no longer wants Zee’s current CEO Punit Goenka to helm the merged entity. Whether the Zee-Sony deal goes through or not, it would directly impact rivals Reliance and Disney, whose merger, meanwhile, would ensure they have the biggest pie of the TV ad market at 40-45%.

MUMBAI : The battle for Religare Enterprises Ltd (REL) has taken a new turn, with the Securities and Exchange Board of India (Sebi) beginning an inquiry into a sale of shares by chairperson Rashmi Saluja immediately before the Burman family announced an open offer for the financial services conglomerate. The Burmans, who lead consumer goods company Dabur Ltd, have called it an insider trade and sought regulatory action.

Hewlett Packard Enterprise (NYSE:HPE) is reportedly in advanced negotiations to acquire Juniper Networks (NYSE:JNPR) for approximately $13 billion, according to the WSJ.

DCM Shriram Industries Ltd.(up 9.98%), EID Parry(India)Ltd.(up 1.94%), Mawana Sugars Ltd.(up 0.62%), Bajaj Hindusthan Sugar Ltd.(up 0.53%), Ugar Sugar Works Ltd.(up 0.42%), Dalmia Bharat Sugar and Industries Ltd.(up 0.38%), Vishwaraj Sugar Industries Ltd.(up 0.29%), Dwarikesh Sugar Industries Ltd.(up 0.23%), Rana Sugars Ltd.(up 0.21%) and Shree Renuka Sugars Ltd.(up 0.21%) were among the top gainers. Rajshree Sugars & Chemicals Ltd.(down 1.02%), Uttam Sugar Mills Ltd.(down 0.69%), Bannari Amman Sugars Ltd.(down 0.69%), Magadh Sugar & Energy Ltd.(down 0.68%), Kothari Sugars & Chemicals Ltd.(down 0.63%), Simbhaoli Sugars Ltd.(down 0.34%), Avadh Sugar & Energy Ltd.(down 0.18%), Triveni Engineering & Industries Ltd.(down 0.10%), Ponni Sugars(Erode)Ltd.(down 0.03%) and Balrampur Chini Mills Ltd.(down 0.02%) were among the top losers.

Brigade Enterprises Ltd.(up 3.17 per cent), Godrej Properties Ltd.(up 2.75 per cent), Phoenix Mills Ltd.(up 1.56 per cent), DLF Ltd.(up 1.4 per cent) and Oberoi Realty Ltd.(up 1.15 per cent) were among the top gainers. Swan Energy Ltd.(down 0.95 per cent), Macrotech Developers Ltd.(down 0.46 per cent) and Sobha Ltd.(down 0.21 per cent) were the top losers on the index.

Stock market today: On account of weakness in the global market, the Indian stock market finished lower on Monday. The Nifty 50 index slipped 197 points and closed at 21,513 level, BSE Sensex nosedived 670 points and closed at the 71,355 mark whereas the Bank Nifty index crashed 708 points and finished at 47,450 level. The small-cap index fell 0.36%, outperforming the Nifty 50 index, even as the advance-decline ratio fell sharply to 0.64:1.

(Reuters) -Hewlett Packard Enterprise is in talks to buy Juniper Networks (NYSE:JNPR) in a deal valuing the network gear maker at about $13 billion, a person familiar with the matter told Reuters on Monday.

F&O ban list: A total of thirteen stocks have been put under the ban for trade on Tuesday, January 09, 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.

The electric vehicle unit of troubled Chinese property developer China Evergrande says its vice chairman has been detained by police on “suspicion of illegal crimes.”

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Sony Group Corp. is planning to call off the merger pact of its India unit with Zee Entertainment Enterprises Ltd., said people familiar with the matter, capping two years of drama and delay in creating a $10 billion media giant. The Japanese conglomerate is looking to cancel the deal due to a standoff over whether Zee’s Chief Executive Officer Punit Goenka, also its founder’s son, would lead the merged entity, the people said, asking not to be named as the information is not public. While the agreement signed in 2021 was that Goenka would lead the new company, Sony no longer wants him as CEO amid a regulatory probe, the people said. 

₹425.96 crore. This buyout, funded entirely by internal accruals, brings ACC's ownership of ACCPL to 100%, with the total enterprise value of the acquisition at ₹775 crore, inclusive of ₹35 crore in cash and equivalent, the company said said in a filing with the stock exchanges. This acquisition aligns with ACC's growth strategy and commitment to creating value for stakeholders, said Ajay Kapur, chief executive, ACC Ltd.

Enforcement Directorate said on Saturday that it conducted searches on several premises linked to Religare Finvest Ltd (RFL), in connection with an ongoing probe into alleged misappropriation of more than ₹2,000 crore by the former promoters of the financing company's parent, Religare Enterprises Ltd. The ED, which is investigating the money-laundering aspect of the case, said it searched nine locations in the National Capital Region on Friday and Saturday, covering the corporate offices of RFL, M3M India Holdings, RHC Holding Pvt Ltd, Hillgrow Infrastructure Pvt Ltd, Dion Global Solutions and Prius commercial. In a regulatory filing, Religare Enterprises said RFL had made a request to the ED to expedite the probe. RFL has also promised its lenders that it would make «all possible efforts» to recover the siphoned off funds, a Religare Enterprises spokesperson told ET, adding that RFL had commissioned a forensic audit to trace the assets and money trail. The Enforcement Directorate's money laundering case against erstwhile Religare promoters Malvinder and Shivinder Mohan Singh, and its former chairman and managing director Sunil Godhwani, is based on a case registered by the Delhi Police's Economic Offences Wing. The ED had arrested the Singh brothers and Godhwani in October 2019.

₹2,000 crore from Religare Finvest Ltd (RFL), people familiar with the development said on Saturday. The searches, ED officials said, continued into the early hours of Saturday, with several incriminating documents recovered and large scale “proceeds of crime" identified. Religare, however, said that these raids were initiated following a complaint by the company itself.

₹1 lakh for farm-sector registrations, ₹27 lakh for new manufacturing units and ₹4.2 lakh on average for services firms, indicating the small size of the new firms. More than 13,300 firms were formed in November, the shares of which were sold to investors for ₹1,232 crore, showed the ministry’s data.

central public sector enterprises (CPSEs) are likely to cross ₹50,000 crore during the current fiscal for the third year in a row. It has already exceeded the Budget Estimate (BE) during the current fiscal year, reported Business Line. However, disinvestment proceeds from CPSEs are likely to remain below the Budget Estimate.

Shares of Swan Energy Ltd.(up 6.83 per cent), Phoenix Mills Ltd.(up 5.25 per cent), Brigade Enterprises Ltd.(up 2.04 per cent), Godrej Properties Ltd.(up 1.27 per cent) and Mahindra Lifespace Developers Ltd.(up 0.68 per cent) ended the day as top gainers in the pack. On the other hand, Sobha Ltd.(down 2.01 per cent), Prestige Estates Projects Ltd.(down 1.89 per cent), DLF Ltd.(down 1.1 per cent), Oberoi Realty Ltd.(down 0.95 per cent) and Macrotech Developers Ltd.(down 0.59 per cent) finished as the top losers of the day.

BEIJING (Reuters) — A court in China's capital Beijing on Friday accepted Zhongzhi Enterprise Group's application for bankruptcy liquidation, as the wealth manager grapples with a deepening property market downturn.

quality norms for electrical accessories such as switch-socket-outlets and cable trunking to curb the import of sub-standard goods and boost domestic manufacturing of these goods. The Electrical Accessories (Quality Control) Order, 2023 was issued in this regard by Department for Promotion of Industry and Internal Trade (DPIIT) on January 1 this year. Under this order, items cannot be produced, sold, traded, imported and stocked unless they bear the Bureau of Indian Standards (BIS) mark.