Enterprise Financial News

Zee Entertainment Enterprises (ZEEL) are facing hurdles in finalising their proposed merger due to a deadlock over leadership arrangements for the merged entity, as per a report in the Financial Express. Both parties want their respective chiefs – namely NP Singh, MD & CEO of Sony India, and Punit Goenka, MD & CEO of ZEEL, to helm the merged media company. The disagreement has stalled development even as the December 21 deadline looms.

Future Consumer(up 6.25%), Dodla Dairy(up 1.20%), TATA CONSUMER PRODUCTS(up 0.61%), Godrej Consumer Products(up 0.58%), Varun Beverages(up 0.47%), Marico(up 0.45%), Bikaji Foods International(up 0.42%), Hindustan Unilever(up 0.35%), Zydus Wellness(up 0.24%) and Gillette India(up 0.17%) were among the top gainers. Adani Wilmar(down 2.56%), P & G Hygiene(down 1.72%), Mrs Bectors Food Specialities(down 1.61%), Heritage Foods(down 1.45%), Patanjali Foods(down 1.11%), ADF Foods(down 0.86%), Umang Dairies(down 0.83%), Parag Milk(down 0.75%), Bajaj Consumer(down 0.67%) and Hindustan Foods(down 0.55%) were among the top losers.

IPO) market witnessed one of the busiest periods last week with five companies, including Tata Technologies, Ireda, Flair Writing Industries and Gandhar Oil Refinery, launching their issues, there has been a lot of discussion about grey market and grey market premium (GMP). ET looks at what these terms mean: What is the grey market? The grey market is an unofficial and unregulated market where shares are traded even before they are listed on the main exchanges. In this market, transactions happen in person, unlike exchange trades that see no human intervention.

Piramal Group has received a binding bid for the sale of Tridhaatu Realty from CFM ARC, ensuring a minimum recovery of 75% in the structured deal. CFM ARC offered to pay ₹450 crore for the ₹600-crore bad loan, in a 15:85 structure, with 15% in cash and the remaining in security receipts.

Crypto firm Paxos has secured two in-principle approvals from the Financial Services Regulatory Authority in the Abu Dhabi Global Market.

India Shelter Finance files for ₹1,800 crore IPO paper with Sebi Two additional companies that received approval from the regulator to launch their initial public offerings are Shiva Pharmachem, based in Vadodara, and Onest Ltd, a fast-moving consumer goods (FMCG) company. Five companies had submitted initial public offering (IPO) documents or draft papers to the regulator from July to August received observation letters between November 7 and 16, according to a Tuesday update from the Sebi. Also read: Shiva Pharmachem files DRHP to raise ₹900 crore via IPO In Sebi's terminology, securing observation letters implies approval to initiate the IPO.

Investing.com — The U.S. dollar stabilized in early European trade Wednesday, remaining near a three-month low amid growing expectations that the Federal Reserve has completed its series of rate hikes and could begin cutting rates early next year.

Zee Entertainment Enterprises Ltd. fell 2.58 per cent to Rs 249.1 in Wednesday's trade as of 02:09PM (IST) even as the benchmark Nifty ruled at 20065.05, up 175.35 points. The scrip had closed at Rs 255.7 in the previous session.

Mumbai, 29th November 2023: One of Asia’s largest integrated learning, skilling & workforce development majors upGrad moved to the widely accepted IndAS accounting standard in line with its longer-term listing plans. While Gross Revenue came in at INR 1530 Crore - adjusted for IndAS upGrad recorded a revenue of INR 1,194 Crore for FY23, a 96% jump from the previous financial year of INR 608 Crore.

The NSE Nifty index traded 118.3 points up at 20008.0, while BSE Sensex was up 391.05 points at 66565.25 as of 11:25AM(IST)on November 29. In the Nifty index, Hero MotoCorp Ltd.(up 2.93 per cent), Mahindra & Mahindra Ltd.(up 2.38 per cent), Tech Mahindra Ltd.(up 2.24 per cent), Wipro Ltd.(up 2.05 per cent) and Bharat Petroleum Corporation Ltd.(up 1.72 per cent) were among the top gainers.

The Employees' Provident Fund Organisation has observed various cases in which beneficiaries get relatively little money in the settlement of Employees Deposit Linked Insurance Scheme (EDLI) claims of deceased members. “It is mandated that specifically in EDLI cases where the amount payable to the beneficiary of a deceased member is less than the Rs 2.5 lakh minimum assurance benefit, it be ensured from MIS that the service rendered by the members under different MIDs, if any, have been transferred and taken into account for the computation of the payable benefit,” stated an EPFO circular issued on November 25, 2023.

ChatGPT but aimed specifically at businesses, at the re:Invent conference on Tuesday. The latest move by Amazon Web Services (AWS), the leader in cloud computing technology, comes at a time when rivals such as Microsoft and Google are already using their own generative AI technology in their products.

Aster DM Healthcare share price rallied over 14% to hit a fresh 52-week high on Wednesday after the company approved to sell its GCC (Gulf Cooperation Council) business for over $1 billion. Aster DM shares jumped as much as 14.83% to a new high of ₹382.00 apiece on the BSE. Hospital chain Aster DM Healthcare on Tuesday announced to separate its Gulf business and sell it to its Indian promoters (Moopen family) and a Dubai consortium for $1.001 billion.

biggest market cap rise since Hindenburg in the previous session (November 28), shares of Adani Group stocks continued their upward momentum in today's (November 29) deals as well. The rise comes after the Supreme Court reserved its order on multiple public interest litigation pleadings for an investigation into the allegations of manipulations and corporate malfeasance in the Adani-Hinderburg report. On 24 January, US-based Hindenburg Research published a report accusing the Adani Group of engaging in fraudulent activities to artificially inflate its stock prices.

Former Federal Reserve Bank of St. Louis James Bullard provides insight on the state of the economy on 'The Claman Countdown.'

Investing.com-- Most Asian stocks kept to a tight range on Wednesday as caution before key economic readings from China offset growing optimism over an early pivot by the Federal Reserve. 

Uttarkashi tunnel rescue LIVE The rat-hole miner added that he will never forget the respect they (trapped workers) gave to him. "I removed the last rock. I could see them.

Bitcoin climbed back above $38,000 on Tuesday amid optimism the US central bank may be closer to lowering borrowing costs if inflation continues to decline. The largest cryptocurrency by market value gained as much as 3.3% to $38,264 before trimming the increase. Bitcoin reached an 18-month high of $38,422 on Friday. Lower rates generally increase investors’ appetite for riskier assets such as digital tokens. “As rates reverse, investors will return to risk assets in search of better returns,” said Michael Safai, partner at quantitative trading firm Dexterity Capital. “This, coupled with the momentum that crypto has built in recent months with ETFs and putting FTX in the rear-view mirror, has traders feeling like the conditions for a new bull run are coming together.” Federal Reserve Governor Christopher Waller said he’s encouraged by a recent slowing of economic activity, which may indicate the central bank’s policy is tight enough. He made the comments as part of prepared remarks Tuesday for an event at the American Enterprise Institute in Washington.

Asian stocks briefly made one-week highs on Wednesday, bonds rallied and the dollar sank on new hints at U.S. interest rate cuts, while the New Zealand dollar jumped after its central bank said another hike may be necessary if inflation proves stubborn. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5% in early trade before weakness in Hong Kong tech shares dragged it back to flat. Japan's Nikkei fell 0.2%.

Russian media say a court in Moscow has extended the detention of Wall Street Journal reporter Evan Gershkovich, arrested on espionage charges, until Jan. 30

A key Federal Reserve official raised the possibility that the Fed could decide to cut its benchmark interest rate as early as spring if inflation keeps declining steadily