Enterprise Financial News

Piyush Goyal, speaking at the 23rd Apparel Export Promotion Council (AEPC) Excellence Honours, stated that the world recognises the need to engage more deeply with India due to its substantial demand. «The opportunities (in India) are huge.

Funding to Indian startups fell steeply in calendar year 2023 to $7 billion — less than one-third the estimated $25 billion received in the previous year, industry data showed. This marks a seven-year nadir for the sector since 2017, amid a worsening global macroeconomic environment buffeted by geopolitical conflicts.

John Lennon, a celebrated musician and frontman of the legendary British band 'The Beatles', died 43 years ago on December 8. He was shot dead outside his Dakota house in New York City on December 8, 1980. Here a look back at how his final hours unfolded on the fateful day.

Adani Group Chairman Gautam Adani on Friday said that Adani Total Gas Ltd is on target to install 75,000 electric vehicle (EV) charging stations by 2030. Taking to social media platform X (formerly Twitter), Adani said that the enterprise is carrying out ‘massive expansions’ with CNG and PNG and through its Greenmosphere initiative, has also planted 2,20,000 trees. «Adani Total Gas Ltd is on the move! Our massive expansion continues with CNG and PNG, compressed biogas, and e-mobility. We are on target for installing 75,000 EV charging stations by 2030,» Adani said, adding that all of the company's own 50 sites are now powered by rooftop solar panels.

GQG Partners on Friday bought close to 5% stake in GMR Airports Infrastructure in a deal worth Rs 1,672 crore through the open market. GQG Partners Emerging Markets Fund bought 92,636,787 shares, and Goldman Sachs GQG Partners International Opportunities Fund bought 19,02,45,637 shares, according to bulk deals data. The shares purchased represent a cumulative stake of 4.7%.

Max Healthcare Institute Ltd announced its complete acquisition of Starlit Medical Centre Pvt Ltd for an enterprise value of ₹940 crore, on Friday. This strategic move grants Max Healthcare ownership of the 550-bed Sahara Hospital located in Lucknow. The company has successfully finalized a binding share purchase agreement (SPA) to acquire a full 100% stake in Starlit Medical Centre Pvt Ltd.

Indonesia's biggest tech firm GoTo Gojek Tokopedia said on Friday it was in talks with short video app TikTok over a potential e-commerce partnership in the Southeast Asian country. No final deal has been reached, GoTo added in a statement. The company also said the discussions did not include a takeover plan or any sale of more than 50% of its shares to any party.

The NSE Nifty index closed 68.25 points up at 20969.4, while BSE Sensex ended up 303.91 points at 69825.6. On the other hand, Adani Enterprises Ltd.(down 2.25 per cent), ITC Ltd.(down 1.95 per cent), Adani Ports & Special Economic Zone Ltd.(down 1.61 per cent), Hero MotoCorp Ltd.(down 1.51 per cent) and Oil And Natural Gas Corporation Ltd.(down 1.48 per cent) were among the top losers of the day.

The NSE Nifty index ended the session 68.25 points up at 20969.4, while BSE Sensex rose 303.91 points to 69825.6. In the Nifty index, HCL Technologies Ltd.(up 2.72 per cent), LTIMindtree Ltd.(up 2.54 per cent), JSW Steel Ltd.(up 2.47 per cent), Apollo Hospitals Enterprise Ltd.(up 1.72 per cent) and Infosys Ltd.(up 1.72 per cent) stood among the top gainers.

From trade to human rights, the leaders of China and the European Union differed on a wide range of issues at a summit this week in the Chinese capital

The regulator has also decided to come out with a unified regulatory framework on connected lending for all the regulated entities to avoid gaps in regulation. «The extant guidelines on connected lending are limited in scope and are not applicable uniformly to all regulated entities,» RBI Governor Shaktikanta Das said Friday, while announcing the monetary policy. Connected lending or lending to persons who are in a position to control or influence the decision of a lender can be of concern, if the lender does not maintain an arm’s length relationship with such borrowers. Such lending can involve moral hazard leading to compromise in pricing and credit management, RBI said. It may be noted that ICICI Bank chief executive Chanda Kochhar had to step down in 2018 for charges of favouring Videocon Group for the loan.

The regulator has also decided to come out with a unified regulatory framework on connected lending for all the regulated entities to avoid gaps in regulation. «The extant guidelines on connected lending are limited in scope and are not applicable uniformly to all regulated entities,» RBI Governor Shaktikanta Das said Friday, while announcing the monetary policy. Connected lending or lending to persons who are in a position to control or influence the decision of a lender can be of concern, if the lender does not maintain an arm’s length relationship with such borrowers. Such lending can involve moral hazard leading to compromise in pricing and credit management, RBI said. It may be noted that ICICI Bank chief executive Chanda Kochhar had to step down in 2018 for charges of favouring Videocon Group for the loan.

The Most Valuable Builder (MVB) accelerator program, which is a collaborative project between BNB Chain and Binance Labs, has been in the forefront of supporting Web3 builders and fostering the development of the BNB Chain ecosystem ever since it was first introduced in 2021. This forward-thinking program, which is well-known for its intense accelerator structure that lasts for ten weeks, has been instrumental in bringing early-stage businesses to the forefront of the blockchain and Web3 worlds.

cement sector even after Adani Group’s large acquisition of Holcim's 67.5 million tonnes (MT) cement assets. In the last week of November, Ultratech Cement, India's largest cement manufacturer, acquired 10.8 MT capacity of Kesoram Industries. It was the fourth major cement deal over the past one year.

The NSE Nifty index was trading 77.65 points up at 20978.8, while BSE Sensex was up 271.67 points at 69793.36 at the time of writing this report. In the Nifty index, JSW Steel Ltd.(up 3.51 per cent), NTPC Ltd.(up 1.92 per cent), HCL Technologies Ltd.(up 1.77 per cent), Coal India Ltd.(up 1.51 per cent) and Hindalco Industries Ltd.(up 1.38 per cent) were among the top gainers.

On the BSE, Dr. Lalchandani Labs(down 20.00 per cent), Money Masters(down 9.99 per cent), Akshar Spintex(down 9.52 per cent), Atharv Enterpr(down 9.36 per cent) and Navoday Enterprises(down 8.63 per cent) were among the stocks that plunged over 5 per cent during the session.

KKV Agro Powers Ltd.(up 5.33%), Karma Energy(up 4.95%), Indowind Energy(up 4.93%), Power & Instrumentation(Gujarat)(up 4.90%), Energy Development Company(up 4.39%), Alstom T&D India(up 4.24%), DPSC(up 2.84%), GE Power India Limited(up 2.11%), JSW Energy(up 1.97%) and Reliance Power(up 1.94%) were among the top gainers. Adani Energy Solutions(down 1.81%), ADANIGREEN(down 1.46%), SJVN(down 1.21%), CESC(down 1.11%), Torrent Power(down 1.11%), Gujarat Industries Power(down 0.61%), Kalpataru Projects International(down 0.32%), Adani Power(down 0.11%) and KPI Green Energy(down 0.02%) were among the top losers.

Zee Entertainment Enterprises Ltd. traded 3.4 per cent up at Rs 280.75 at around 10:00AM (IST) on Friday. The stock had closed at Rs 271.5 in the previous session.

Zomato, Maruti Suzuki, SpiceJet, IDFC First Bank, among others, will be in focus in today's trade.Balrampur Chini Mills, National Aluminium Company, Delta Corp, Indiabulls Housing Finance, India Cements, SAIL and Zee Entertainment Enterprises are in the F&O ban list for 8 December.GIFT Nifty futures were largely flat, with a gain of 3 points at 21,084, indicating a flat start for Indian indices.India's benchmark indices ended lower on Thursday, snapping seven sessions of gains amid weak cues from global peers.At close, Nifty was down 37 points at 20,901.15, the Sensex fell 132 points to 69,521.69.Asian stocks fell early Friday, shrugging off a rally on Wall Street, as traders ratchet up bets the Bank of Japan is nearing the end of its negative interest rate policy.Japanese shares slipped for a second day, while the yen rose more than 1% amid thin liquidity. Australian shares also fell while contracts for mainland China pointed to losses.

Zomato: Svf Growth (Singapore) Pte, part of Japan’s SoftBank Group, will sell a 1.1% stake in food-delivery company Zomato Ltd Friday for an estimated ₹1,127.5 crore, or $135 million, as per the term sheet of the block deal. The floor price of the deal is set at ₹120.5 per share, a discount of about 1.1% to Zomato’s Thursday closing price of ₹121.80 on the BSE.

After more than a half-century of making music together, Daryl Hall is suing John Oates over a proposed sale of his share of a Hall & Oates business partnership that Hall says he hasn’t approved