Enterprise Financial News

01.12 / 10:23

Career CEO Strategy Enterprise country Capgemini names Nive Bhagat as group CFO

Capgemini named Nivedita (Nive) Bhagat as group chief financial officer (CFO) and member of the group executive board, effective January 1, 2024. Bhagat who is of Indian origin succeeds Carole Ferrand — who was CFO since 2018 and plans to pursue other career opportunities. Ferrand will support the transition to Bhagat until the end of the year. “I welcome the appointment of Nive whose career, both prior to joining Capgemini and during the past 13 years within the group, has given her a broad and valuable experience of our industry. She is a trusted and outstanding leader, whose appointment has the full support of Capgemini’s board of directors,” Capgemini group CEO Aiman Ezzat said in a statement.

01.12 / 07:03

Target Cooper Progressive Enterprise Healthcare hospital stake Aster DM Healthcare GCC business stake sale unlocks value, say analysts; shares rally 11%

Aster DM Healthcare share price jumped over 11% to hit a fresh 52-week high of ₹424.00 apiece on Friday. In the past one week, Aster DM Healthcare shares have risen 20%. The rally in Aster DM Healthcare shares comes on the back of the company’s move to sell its GCC (Gulf Cooperation Council) business for over $1 billion.

01.12 / 05:24

Enterprise Experts Stock market update: Power stocks up as market rises

Adani Power(up 5.19%), Karma Energy(up 4.99%), NTPC(up 4.90%), Inox wind(up 3.71%), Inox Wind Energy(up 3.68%), Voltamp Transformers(up 3.40%), JSW Energy(up 3.34%), NHPC(up 3.31%), Tata Power Company(up 3.23%) and Power & Instrumentation(Gujarat)(up 2.30%) were among the top gainers. Suzlon Energy(down 2.70%), Alstom T&D India(down 1.41%), Jaiprakash Power Ventures(down 1.15%), DPSC(down 0.24%), GE Power India Limited(down 0.15%) and Gujarat Industries Power(down 0.03%) were among the top losers.

01.12 / 05:24

Booking Enterprise show reports Bandhan Bank seeks buyer for its Rs 775-crore distressed affordable home loan portfolio

The private lender's portfolio comprises 8,529 accounts given to affordable home buyers with average principal loans ranging between Rs 10 lakhs and 12 lakhs. The bank invited offers in cash by December 2, the people cited above said. Bandhan Bank did not respond to ET's request for comments. The sale of an affordable home loan portfolio by Bandhan Bank also resonates with the concerns expressed by the Reserve Bank of India's (RBI) growth of unsecured loans, which prompted the regulator to raise the risk weightings on such loans last month. «The rising delinquencies are partly because small ticket loans are given without the lender undertaking proper due diligence of the borrower.

01.12 / 05:01

Target Manufacturing economy Enterprise Experts country recommendations share price week UltraTech share price gains 1.68% to 52-week high on Kesoram acquisition. Analysts see more upside.

UltraTech Cement share price scaled all time high of ₹9152 on the BSE in the morning trades on Friday gaining almost 1.7% post Thursday's announcement on planned acquisition of Kesoram Industries Cement assets by UltraTech . Analyst see more upside looking at benefits the acquisition will accrue. UltraTech Cement Ltd planned acquisition of Kesoram Industries Cement capacities is intended to strengthen its presence and help gain market share in the South and Western region of the country.

01.12 / 03:36

Target Manufacturing economy Enterprise show track cover Chinese manufacturing activity unexpectedly rebounds in Nov- Caixin PMI

Investing.com-- Chinese manufacturing activity unexpectedly rose back into expansion in November, a private survey showed on Friday, as a mild increase in domestic demand helped offset a persistent decline in overseas orders.

01.12 / 01:29

Provident Manufacturing Enterprise PwC Southern President country UltraTech to buy Kesoram's cement unit

UltraTech will acquire the cement business of the BK Birla Group's Kesoram Industries in an all-stock deal at an estimated enterprise value of around ₹7,600 crore, which includes debt. The deal will give UltraTech access to two integrated cement manufacturing units in Karnataka and Telangana with a combined capacity of 10.75 million tonnes per annum (MTPA).

30.11 / 18:45

Citi Provident FIVE Booking Gap Enterprise social Shriram founder bats for a paradigm shift in business

MUMBAI : The Shriram Group will need to shift its focus from its mainstay lending business to insurance amid tighter regulation and rising competition from banks, said R. Thyagarajan, who founded the financial conglomerate as a chit fund nearly half a century ago. Thyagarajan’s prognosis isn’t uniformly shared across the group, though.

30.11 / 18:45

Mobile Enterprise Experts country cover reports end ‘130 mn 5G users in India by end-2023’

Reliance Jio Infocomm, claimed that the operator contributed to “85% of the overall 5G capacity in the country." Sunil Bharti Mittal, chairman of Airtel’s parent firm, Bharti Enterprises, added that the operator already covers “5,000 districts and 20,000 villages" across India, and aimed to cover all circles of the country by March next year. Vodafone-Idea, the third of three private telecom operators in the country, also announced at the time that it will “initiate significant investments in order to roll out 5G networks and further expand 4G coverage across the country." The expansion of 5G networks in India comes in line with global 5G network expansion.

30.11 / 18:33

Strategy Enterprise performer track information reports 5 famous investing mantras by Chuck Akre that explain his success in the stock market

Gaining knowledge from the most accomplished individuals enables you to thrive. This clarifies why many investors eagerly heed the insights of Chuck Akre, an American investor, financier, and businessman. As the founder of Akre Capital Management, Akre underscores how his perspectives are significantly shaped by the writings of Warren Buffett, particularly in relation to his understanding of creating shareholder value.

30.11 / 18:17

Target FIVE Aware Enterprise 2020 Actis unit BluPine buys Acme solar assets for enterprise value of Rs 1,700 cr

BluPine Energy, a unit of London-based private equity firm Actis, has bought solar power assets from Acme group for an enterprise value of ₹1,700 crore, said people familiar with the matter. The acquired assets are housed in 14 special purpose vehicles. «Binding agreements have been signed.

30.11 / 13:27

Waters Manufacturing Assurant Remark Enterprise performer reports HPCL, BHEL, MCX among 10 stocks that gained between 30% and 90% in November; check full list

Also Read: Nifty 50, Sensex jump 5% each in November; Investors earn over ₹24 lakh crore Several factors contributed to this impressive rally. The decline in crude oil prices, a reduction in US bond yields, a weakened US Dollar Index, robust Q2 earnings, and strong domestic liquidity played pivotal roles. Additionally, positive GDP estimates from S&P Global Ratings, projecting India to achieve a GDP growth rate of 6.4% for FY24, added to the optimistic sentiment.

30.11 / 13:27

CEO Align Enterprise Celebrity voice exclusive innovations Happy birthday ChatGPT! Unpacking how OpenAI's conversational AI simplified our lives this year

ChatGPT exactly one year ago. The tweet suggests that the team was likely putting the finishing touches on the innovative language model late into the night before its much-anticipated debut. Altman expressed amazement at the incredible journey that has unfolded since that pivotal moment, highlighting the eventful and transformative year ChatGPT has experienced.

30.11 / 11:41

Assurant Enterprise Experts Stock market update: Nifty Realty index advances 1.44%

Shares of Prestige Estates Projects Ltd.(up 5.28 per cent), Brigade Enterprises Ltd.(up 4.88 per cent), Macrotech Developers Ltd.(up 3.64 per cent), Sobha Ltd.(up 2.49 per cent) and Phoenix Mills Ltd.(up 2.2 per cent) ended the day as top gainers in the pack. On the other hand, DLF Ltd.(down 1.85 per cent) finished as the top losers of the day.

30.11 / 10:58

Enterprise Experts Sensex rises! But these stocks fell 5% or more in Thursday's session

On the BSE, PM Telelinks(down 11.03 per cent), Wagend Infra(down 9.88 per cent), DAPS Advertising(down 9.42 per cent), Leading Leasing Fin(down 8.63 per cent) and Vivaa Tradecom(down 8.57 per cent) stood among the top losers in today's trade. In the Nifty pack, 32 stocks closed in the green, while 18 stocks ended in the red.

30.11 / 10:46

Enterprise Experts hospital Share market update: Most active stocks of the day in terms of traded value

The NSE Nifty index ended the session 36.55 points up at 20133.15, while BSE Sensex rose 86.53 points to 66988.44. In the Nifty index, UltraTech Cement Ltd.(up 3.10 per cent), HDFC Life Insurance Company Ltd.(up 2.23 per cent), Eicher Motors Ltd.(up 2.22 per cent), Apollo Hospitals Enterprise Ltd.(up 1.97 per cent) and Sun Pharmaceutical Industries Ltd.(up 1.97 per cent) stood among the top gainers.

30.11 / 09:23

CEO Mobile Enterprise innovations reports Karnataka New EV Policy 2023-28: EV stakeholders eye buyers-centric subsidies

Karnataka Government is ready with the final new EV Policy and doing touch-ups before the release, which is scheduled for two weeks, according to a report by the Economic Times. "This proposed policy aims to transform Karnataka into a pioneering force in the field of electric mobility, embracing sustainable practices and equitable growth while fostering innovation and creating a robust ecosystem for EVs throughout the state," Minister for large and medium industries and infrastructure development, M B Patil, said while addressing the ideation session of the Policy, as reported by PTI.

30.11 / 05:33

Digital Manufacturing Platform Adobe Remark Enterprise innovations generative AI Why generative AI is significant for businesses to gain a competitive edge

generative AI lags behind consumer demand and employee usage, a new survey from Adobe suggests. Only 47% of respondents in India said the company they work for currently uses generative AI tools. A remarkable 94% of Indian employees said they had already used generative AI in marketing and customer experience campaigns in the workplace; 52% have employed large language models and 50% have used text-to-image generators to create promotional brand materials and content.

30.11 / 05:33

Enterprise Experts hospital reports Share market update: Most active stocks on D-Street today in terms of volume

The NSE Nifty index was trading 9.0 points down at 20087.6, while BSE Sensex was down 79.7 points at 66822.21 at the time of writing this report. In the Nifty index, Hero MotoCorp Ltd.(up 2.48 per cent), SBI Life Insurance Company Ltd.(up 1.92 per cent), Eicher Motors Ltd.(up 1.83 per cent), Apollo Hospitals Enterprise Ltd.(up 1.59 per cent) and Tata Consumer Products Ltd.(up 1.41 per cent) were among the top gainers.

30.11 / 05:00

Enterprise Experts KPI hospital Stock market update: Power stocks down as market falls

Karma Energy(up 4.97%), NLC India(up 1.20%), Kalpataru Projects International(up 0.42%) and Power Grid Corporation of India(up 0.17%) were among the top gainers. Transformers and Rectifiers(India)(down 3.95%), Orient Green Power Company(down 3.89%), RTNPOWER(down 3.83%), Jaiprakash Power Ventures(down 3.80%), Adani Power(down 3.15%), KPI Green Energy(down 2.96%), Tata Power Company(down 2.72%), SJVN(down 2.61%), Adani Energy Solutions(down 2.56%) and ADANIGREEN(down 2.53%) were among the top losers.

30.11 / 04:47

IPO FIVE Enterprise Experts band 2020 reports services Financial Fedbank Financial Services share sees a weak debut. Lists 1.61% lower at Rs137.75

₹133.55, 4.61% lower than the issue price and 3.15% lower than the listing price. Fedbank Financial Services IPO had opened for subscription from Wednesday, November 22, and closed on Friday, November 24. Fedbank Financial Services IPO price band had been fixed in the range of ₹133 to ₹140 per equity share of face value of ₹10.

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