Enterprise Financial News

China and brought blizzards in its wake, sending temperatures towards historic lows. 1)The temperature recorded at Beijing's Nanjiao weather station rose to above zero degrees Celsius on Sunday afternoon for the first time in days, state media Beijing Daily reported. 2)According to Beijing Daily, since the temperature first dropped to below zero degrees on December 11, the temperature has remained below that line for more than 300 hours.

snapped its longest weekly winning streak in six years, over profit booking at record high levels earlier in the week. On the weekly front, the BSE benchmark declined 376.79 points or 0.52 per cent and the Nifty dipped 107.25 points or 0.49 per cent - dragged by the fall in recent outperformers like financials and auto stocks.

RBI has closed a loophole in the discovery of dodgy loans by pulling bank lending out of investment pools that also feed the same borrowers. This is a genuine regulatory concern, voiced by Sebi, given the ballooning flow of capital through alternative investment funds (AIFs). RBI's directive to banks and NBFCs to liquidate their investments in AIFs that invest in their debtor companies is informed by previous instances of evergreening bad loans through shadow lending.

₹11,885 in July-September 2017 will be the equivalent of ₹15,806 by April-June 2023. Therefore, the actually observed average earnings of ₹13,347 in the later period is actually a decline of 15.5% in real terms.

Piramal Enterprises Ltd, said growth is being largely powered by public capital expenditure, which empirically has a very high multiplier effect on the rest of the economy. “However, some of the other engines of the economy need to pick up to ensure sustainability of this high growth. As far as September quarter data is concerned, private consumption, agriculture and services sectors seem to be slipping into a slow track.

The measure is aimed at framing norms for the purpose of imposition of penalties on enterprises and persons based on turnover or income of such enterprises and persons. «Turnover or income, as the case may be, includes the total value of sales or revenue or receipts, by whatever name called, and other operating income, as per the audited financial statements maintained by such enterprise.

MOSCOW (Reuters) -Russian President Vladimir Putin on Sunday signed a decree clearing the way for Rosbank to purchase stakes in leading Russian companies owned by Societe Generale (OTC:SCGLY).

Indian Institute of Entrepreneurship has been assigned the responsibility of establishing Entrepreneurship Development Centers in all the 104 government Industrial Training Institutes (ITI) and three National Skill Training Institutes (NSTI) of the Northeastern Region by the Ministry of Skill Development and Entrepreneurship under the Flagship Central Sector Scheme of Government of India “Skill Strengthening for Industrial Value Enhancement” (STRIVE). IIE will be implementing the project in all eight states of NER. The project is aimed at creating a pool of 107 trained mentors who shall operate from ITIs and NSTIs of the region and will be acting as the “Change Agents” to drive the entrepreneurial movement amongst the youth of ITIs and NSTIs. The project is targeting 29,500 enrolled students of ITIs and NSTIs from across all 8 states of NER, who will initially undergo ‘Two Days of Entrepreneurship Awareness Program’ (EAP) in the first stage.

The year started on a negative note as the equity bulls were nearly thrashed out by the bears. But the bulls picked themselves up from the ground and the run that they began in March was simply unstoppable. This tug-of-war between the bulls and the bears on Dalal Street was influenced by a zillion factors that unfolded during the course of the year. In this special year-ender 2023 section, ETMarkets has tried and wrapped all of those events. So, let’s do a recap of all of those movers and shakers on D-Street. January Just when investors were grappling with a high inflation and interest rate situation, US-based Hindenburg Research on January 25, threw a fireball on D-Street through a 106-page report filled with allegations against the Adani Group. The short seller accused the group of financial forgery, corporate misgovernance, stock price rigging, and highly leveraged balance sheets.

BSE Sensex snapped its longest weekly winning streak in six years, over profit booking at record high levels earlier in the week. On the stock-specific front, HFCL, Kiri Industries, Hindustan Copper, SVP Global, Arvind, Cyient, SpiceJet, Heritage Food, Thermax, Coffee Day Enterprises, INOX Borax, Sangam India, V-Mart Retail, MSTC, IIFL Securities, HCL Infosys, and others are among the smallcaps that logged a double-digit rise in their share prices last week.

Investing.com — Here is your Pro Recap of 4 head-turning deal dispatches you may have missed this week: Adobe Systems and Figma mutually agree to terminate merger, Nippon Steel to acquire U.S. Steel, Warner Bros. Discovery and Paramount in merger talks, and Aon to acquire NFP.

Adani Enterprises (down 27 per cent) and UPL (down 19 per cent) - in the red this year so far. Stocks such as Tata Motors and NTPC have surged 87 per cent and 82 per cent, respectively. As many as 27 Nifty 50 stocks have gained over 20 per cent while 40 stocks have gained over 10 per cent in the year so far.

NEW DELHI : Indirect taxes, trade discounts and intra-group sales will be excluded while computing the turnover of an entity for the purpose of imposing a penalty for any violation of competition law, the Competition Commission of India has proposed as part of its draft penalty regulations. CCI has sought public comments on a set of regulations called the CCI (Determination of Turnover or Income) Regulations, 2023 to implement the amended provisions of the Competition Act. The government had amended the law earlier this year.

decision to leave the Organization of the Petroleum Exporting Countries could open the way for Beijing to increase investment in the country's oil and other sectors, as part of a deepening of decades-old ties. Angola said on Thursday it was leaving OPEC, effective from Jan. 1, following a row with the producer group over the size of its output quota.

NEW DELHI: India’s government-backed quasi-sovereign wealth fund for infrastructure investments is now ready to welcome its new honcho. Sanjiv Aggarwal, who oversees global private equity firm Actis’s energy investments in Asia, is set to take over as the chief executive of National Investment & Infrastructure Fund (NIIF), two people aware of the matter said on condition of anonymity. “Sanjiv has been selected to head NIIF.

Paxos has announced an expansion of its stablecoin issuance to the Solana blockchain after securing regulatory approval from the New York Department of Financial Services.

Akanksha Power and Infrastructure IPO: The initial public offering (IPO) of small and medium-sized enterprises (SME) Akanksha Power and Infrastructure opens for subscription on Wednesday, on December 27, 2023 and closes on December 29, 2023. The public issue's price band is set at ₹52 to ₹55 per share.

agricultural pockets from north to south Bengal, West Bengal Food Processing Industries and Horticulture minister Arup Roy said at a conclave organized by Indian Chamber of Commerce (ICC). The West Bengal government has undertaken different activities to support its agricultural sector. “There are a lot of things that need to be developed across different agricultural pockets from north to south of Bengal. Malda is famous for its mangoes and lychee while the demand for oranges from Darjeeling moves upwards.

₹135.9 apiece, which was 4.3% lower than the IPO price of ₹142 per share. At current levels, the stock is still trading 1.40% below its issue price. However, according to recent projections from brokerage house Investec, there may be a potential reversal of this trend going forward, driven by the company's increasing market share.

Mileen Vasudeo, Senior Technical Research Analyst, Arihant Capital Markets, says “one recommendation is from the pharma pack itself. It is a buy on AstraZeneca, which is currently trading at Rs 1,570; strong consolidation breakout with huge volumes. Now if you keep a stop loss of Rs 1,450, on the higher side, we expect the stock to test Rs 1,810-1.920 levels. The second stock is Craftman Limited, currently trading at somewhere around Rs 5,480 or 5,490. Keep a stop loss of Rs 5,350 on the higher side as it can test the levels of Rs 5,790 and 6,000 in a couple of weeks’ time.” How does the trade look like on the Nifty and Bank Nifty after flushing out a lot of stop losses day before, people coming back yesterday? Mileen Vasudeo: The day before yesterday, we had a good fall in Nifty which flushed out many people over here. But then again if you see there was a strong support at lower levels and again we have bounced back. So our view is that unless and until the index that is Nifty does not breach 20,850 which was last week’s low, there is a fair chance Nifty is likely to head higher to test the levels of 21,500 to 21,800 levels.

Piramal Enterprises and Piramal Capital & Housing Finance in AIF units was ₹3,817 crore. In a regulatory filing, Piramal Enterprises said ₹653 crore of this pertains to funds that have no exposure to any debtor companies of Piramal Enterprises.