Enterprise Financial News

ET MSME Awards 2023, which is in its fourth edition, will felicitate 26 outstanding MSMEs (micro, small and medium enterprises) of India on December 8. Small businesses will be recognised for their achievements under five broad categories: Overall Industry Awards, Awards by MSME Category, MSME Enabler Awards, Special Category Awards and Industry Focused Awards. The 26 categories fall under these five main categories. The programme is open to any Indian micro, small and medium scale enterprise, as defined by the Ministry of MSME.

Balrampur Chini, Bharat Heavy Electricals (BHEL), Hindustan Petroleum Corporation (HPCL), Hindustan Copper, Indiabulls Housing Finance, Granules India and Zee Entertainment Enterprises (ZEEL). India Cements, MCX and Manappuram Finance have moved out of the ban. The Future & Options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%. Traders who trade in index do not encounter a situation of security ban. The MWPL for Balrampur Chini stood at 87.8% on Friday with OI reported by Trendlyne at 5.9 million.

Air India completes two years under the Tata group’s ownership, its CEO Campbell Wilson has found that his job is mostly a balance between fighting the airline’s existing legacy issues and exploiting its tremendous future potential. In a recent interview, Wilson spoke to ET about the progress Air India is making in its long, arduous journey to regaining its long-lost status as a globally relevant airline. Edited excerpts: Q1) Let’s start with Air India’s transformation project. The first phase was taxi, which was focussed on legacy issues. The airline is six months into the next phase which is called takeoff, which is focused on developing the platforms, processes and systems needed to build a product of exellence. Where is Air India at right now and how do the next 100 days look like? Ans: We have a five-year roadmap called Vihaan, which has three phases.

NVIDIA MGX, a modular reference design, Netweb’s AI systems will target complex workloads of HPC, data science, large language models, edge computing, enterprise AI, and design and simulation. The product range will also support handling a wide range of simultaneous workloads such as AI training, inference, and 5G on a single system. At the same time, the designs ensure seamless upgrades for upcoming hardware generations.

Investing.com -- Zscaler lifted its annual guidance Monday after reporting fiscal first-quarter results that topped Wall Street estimates as demand for  was boosted by ongoing enterprise spending on cybersecurity. 

"Meet the old new boss. Same as the old boss." These are the ending lines of a song by The Who, written by Pete Townshend, titled We Won’t Get Fooled Again. The song is in many ways emblematic of what we have seen at OpenAI over the last few days.

MUMBAI : The insurance regulator has asked top executives of Care Health Insurance Ltd to explain the issue of stock options to non-executive chairperson Rashmi Saluja despite being told not to do so, two people aware of the matter said. On 22 November, officials of the Insurance Regulatory and Development Authority of India (Irdai) summoned Anuj Gulati and Anoop Singh of Care Health and questioned them about “excessive" stock options issued to Saluja and Gulati, the people said on the condition of anonymity. While Gulati is managing director and chief executive of Care Health, Singh is chief compliance officer.

BENGALURU : Founders of public companies naming their scions as senior executives or board members may find the going harder as the passing of baton comes under greater scrutiny from the world’s biggest public money managers, including Life Insurance Corp. of India (LIC), the country’s largest domestic institutional investor. LIC expressed its unhappiness over 12 proposals pertaining to the appointment or reappointment of the next generation of founders in 11 promoter-led firms between January 2022 and 30 September 2023, according to a Mint review of LIC data on voting records.

NEW DELHI : Generative artificial intelligence, the biggest buzzword in enterprise technology this year, will not be a factor helping India’s $245-billion information technology services industry return to revenue growth in the ongoing quarter or the next. In fact, gen AI’s contribution to the overall revenue of India’s top IT services firms is expected to be less than 1% despite an increasing number of pilots and partnerships in this emerging technology, say industry experts. This is not entirely unexpected.

private equity fund True North on Monday announced a foray into private credit, joining a slew of other entities which have started dabbling in this space. The firm said it had set up a fund in 2022, and has already raised over Rs 1,000 crore.

GrowXCD Finance has raised Rs 50 crore in a series A funding round from Lok Capital, of which the first tranche of Rs 30 crore has been closed. The Chennai-based firm, which focuses on micro, small and medium enterprises (MSME), plans to use the funds to set up its initial team, develop technologies and expand its footprint over the next 12-18 months.

Xi Jinping Thought in the New Era of Socialism with Chinese Characteristics." A billboard-sized image of Mr Xi, China’s leader, waves to visitors as they enter the lobby. In a nearby factory NHI’s tunnel-boring machines, used for digging metro lines, rise four storeys into the air. The company was founded by the state many decades ago.

Ramaswamy Narayanan, CMD, GIC RE, says, “our business has been doing well. We have managed to post very good results for 2022-2023 and we are continuing that forward in the current year for the last two quarters as well. Further, we have also got a credit rating boost from US credit rating agency, AM Best, since we are an international company doing business in over 150 countries we need a credit rating from an international agency. In our case, it is AM Best and they have boosted our credit rating as well.” There is a massive re-rating going on in the entire insurance space. It was started by private sector insurance companies in the last two, three days. Even the public sector enterprises, insurance and reinsurance companies are getting completely re-rated. The view in the market and the industry is that there could be policy making plus some impetus coming in which could improve volumes. What are your thoughts on the way business momentum is at your end? We are doing well. I guess maybe the interest coming forward now is based on the fact that the insurance industry is doing well now as well as maybe the understanding of what this industry is all about is also happening in the market. From GIC's perspective, our business has been doing well. We have managed to post very good results for 2022-2023 and we are continuing that forward in the current year for the last two quarters as well.

Adani-owned Adani group was no longer part of the Tajpur port project, West Bengal minister for industries, commerce and enterprises Sashi Panja on Sunday said the project is very much on track and talks are underway with Adani. "The project is very much on the cards and talks are on with the party concerned, i.e. Adani group," she said.

MicroStrategy, the enterprise business firm known for its bullish stance on   Bitcoin (BTC) , has seen its stock soar to a two-year high.

By Shibu Paul

Repo rate, also known as the repurchase rate, is the rate at which the central bank lends money to commercial banks. Repo rate is crucial in altering the economic landscape in the intricate network of financial systems. Fluctuations in this rate have far-reaching implications, altering the cost of credit and borrowing across the economy. Here’s how.

BSE) has introduced new guidelines for small and medium enterprises (SMEs) seeking to move to the main board from the SMEs platform. As per the latest guidelines, an applicant firm will be required to have a net worth of at least ₹15 crore for the preceding two financial years to migrate to the main board.

BSE has put in place fresh guidelines for small and medium enterprises looking to migrate from its SME platform to the main board, whereby the applicant will be required to have a net worth of at least Rs 15 crore for the preceding two financial years. Under the guidelines, the applicant firm needs to be listed on the SME platform for at least three years. Besides, they need to have 250 public shareholders before shifting to the main board.

This echoes a sentiment familiar to investors in the stock market. Investors often fixate on the end result i.e. returns while neglecting the critical factors that are within their control namely risk, cost, time, and emotion. In both cricket and investing, the tricky part is feeling like you're in charge when, in reality, some things are beyond your control. Cricket teams make plans, but things like weather and how well the opponent plays can change everything. Similarly, investors can study stocks, but the ups and downs of the market, global events, and economic changes are not something they can control. Now, let's take a closer look at the usually overlooked factors of risk, cost, time, and emotion, and see how they can affect the results of your investments. Finding the Right Balance between Risks and Returns: Investing in the stock market is like walking a tightrope; you need to balance making money with being careful not to lose it all. Central to this balancing act is the concept of position sizing, which involves determining the appropriate number of shares or the amount of investment in a specific security. With a motive to earn higher returns, investors frequently overlook diversification and position sizing. For example, an investor has Rs. 1,00,000 and focuses on an investment that is expected to generate 20% returns within a month. By focusing on returns, he will tend to invest the majority of his funds in that scrip thereby increasing his risk appetite. In essence, the wisdom lies not only in seeking gains but in creating a defensive playbook against market volatility.

Daryl Hall has sued his longtime music partner John Oates, arguing that his plan to sell off his share of a joint venture would violate a business agreement the duo had