Enterprise Financial News

27.10 / 00:53

Booking Enterprise Experts Shriram Finance Q2 results: Net profit rises 13% to Rs 1,751 crore

Shriram Finance's net profit increased 13% year-on-year to ₹1,751 crore in the quarter ended September driven by strong demand for vehicle loans. Besides, net interest margin(NIM) improved during the quarter as the company reduced the excess liquidity on its books. Commercial vehicle loan disbursements increased 14%, construction equipment 22%, and micro medium and small enterprises (MSMEs) increased 30% year-on-year.

27.10 / 00:53

Digital Booking CEO Enterprise show performer reports Tech majors may reduce pay hikes by half as slump hurts

Indian IT firms could halve from a year ago as the $245-billion industry battles an unprecedented slowdown in tech spending globally, compelling some of the country’s top employers to look inward and boost margins instead of additions to the single-biggest P&L cost lineitem. In FY23, amidst the tail end of buoyancy, increments in the sector averaged around 12-18%. Those could drop to 6-10% this year.

26.10 / 18:49

Citi Provident FIVE Enterprise reports BNY Mellon signs largest co-working lease deal in Pune

BNY Mellon) has picked up over 162,000 sq ft workspace in Pune through a lease agreement with flexible office provider 315Work Avenue. The New York-headquartered company’s latest office is spread across five entire floors at Raheja Woods in one of Pune’s prime commercial zones Kalyani Nagar. In August, 315Work Avenue picked up these five floors in Raheja Woods through a long-term lease of five years. “This deal marks another milestone in the company’s expansion plans, solidifying its presence in key business hubs.

26.10 / 14:03

Enterprise PTC Experts reports PTC India to divest 100 pc equity in PTC Energy for Rs 2,021 cr enterprise value

PTC India on Thursday said the company will divest its 100 per cent equity stake in its arm PTC Energy to state-owned upstream firm ONGC for an enterprise value of Rs 2,021 crore. «Bid submitted by ONGC is an all-cash bid of Rs 925 crore for acquiring PTC's 100 per cent equity stake in PTC Energy Ltd, which corresponds to an enterprise value (i.e.

26.10 / 13:35

Citi Target Manufacturing Mobile Enterprise electronic reports Amber Enterprises: Should you buy the stock after Q2 earnings? Here's what brokerages say

Amber Enterprises following the company's September quarter results. In Q2 FY24, the consumer durable firm reported a net loss of ₹4 crore. This loss was primarily attributed to a significant increase in depreciation cost by 42% year-on-year (YoY) and a 50% YoY surge in finance cost.

26.10 / 06:11

UPS IPO Platform Enterprise week Cuscal talks up mid-teens growth, market share; IPO pricing next week

Cuscal is expected to fix pricing for its IPO next week, after the payments group’s executives and advisers zipped around the world to sell investors on the company and the coming “infrastructure-like” opportunity.

26.10 / 05:57

Target Reuters Software Enterprise Huawei electronic reports China rushes to swap Western tech with domestic options as US cracks down

China has stepped up spending to replace Western-made technology with domestic alternatives as Washington tightens curbs on high-tech exports to its rival, according to government tenders, research documents and four people familiar with the matter. Reuters is reporting for the first time details of tenders from the government, military and state-linked entities, which show an acceleration in domestic substitution since last year.

26.10 / 05:55

AXY economy Enterprise NIFTY performer Nifty 50 plummets 3.7% in October so far, biggest monthly drop since September 2022

Adani Enterprises (down 3.2%), Tech Mahindra (down 2.8%), Mahindra & Mahindra (down 2.6%), Bajaj Finserv (down 2.5%), Hindalco Industries (down 2.1%), Bajaj Finance (down 1.9%), LTIMindtree (down 1.7%), and Eicher Motors (down 1.7%) were the top losers in the pack. On the flip side, Axis Bank and HCL Technologies are trading in the green with a marginal gain of 0.8% and 0.1%, respectively. Among sectoral indices, Nifty Realty was the biggest laggard in today's trade, dropping as much as 3.17%, followed by Nifty Media (down 2.6%), and Nifty PSU Bank (down 2.31%).

26.10 / 05:55

UPS Lowe's Enterprise information reports Adani Group stocks under pressure as co's auditor EY under inquiry by NFRA

initiated an inquiry against one of the member firms of Adani Group's longtime auditors EY. The inquiry was started in recent weeks against S.R. Batliboi, one of EY's member firms in India, a report by Bloomberg informed.

26.10 / 01:33

Target Reuters Software Enterprise Huawei electronic reports China rushes to swap Western tech with domestic options as U.S. cracks down

BEIJING (Reuters) — China has stepped up spending to replace Western-made technology with domestic alternatives as Washington tightens curbs on high-tech exports to its rival, according to government tenders, research documents and four people familiar with the matter.

25.10 / 18:39

IPO Enterprise Covenant reports JSW infra in talks to buy SP Group arm Gopalpur Ports for Rs 3,000 crore

JSW Infrastructure is in talks to buy Shapoorji Pallonji's (SP) ports arm, Gopalpur Ports, at an estimated enterprise value of 3,000 crore that includes the company's debt, according to people familiar with the matter. The unit is being divested as part of commitments that SP's promoters, the Mistry family, have made to financiers in loan covenants entered into with them, according to the sources. As per the covenants, SP Group has committed to divest the unit by March 31 next year.

25.10 / 17:19

COST economy Enterprise country stars NOT India’s growth must not be taken as inevitable

Global Market Intelligence, we will jump from our fifth spot to become the world’s third biggest by 2030, moving past Germany and Japan, with only China and the US ahead of us. At $7.3 trillion, our nominal GDP in 2030 would be more than double the $3.5 trillion figure for 2022. To a significant extent, S&P’s optimism stems from our young demographic profile and growing incomes, which make the country a vast market for businesses to serve.

25.10 / 17:19

Provident FIVE Enterprise Vodafone reports testing IoT Vi, C-DOT offer IoT lab for interoperability testing and certification

Vodafone Idea has partnered with the state-backed Centre for Development of Telematics (C-DOT) to offer a laboratory to promote standardization and interoperability in the IoT ecosystem. The lab will offer device testing and certification as per oneM2M standards and 3GPP standards for interoperability, which has been adopted as national standard for IoT solution design by the Bureau of Indian Standards (BIS). The lab is an initiative of Vi Business, the enterprise arm of Vodafone Idea, and is equipped to test more than 175 scenarios including network and functional testing, field testing, application testing, compatibility testing, oneM2M standard testing and more.

25.10 / 15:39

Waves Enterprise country Department medicines MacLachlans: Australia’s oldest farming families split massive portfolio after 135 years

Jumbuck Pastoral estate. Having established themselves as the third-largest landowner in the nation, this marks a monumental transition in the family's 135-year history. Recently disclosed through a staff newsletter, it's been revealed that the MacLachlan brothers, Jock and Callum, are departing the company as part of Jumbuck's strategic shift and succession blueprint. Their exit signifies the end of their tenure with one of the nation's top beef and sheep producers, marking a period where they dedicatedly «gave it their all.»

25.10 / 11:51

Enterprise NIFTY SENSEX Southern Nestle AGRO Stock market update: Fertilisers stocks down as market falls

Sikko Industries(up 4.37%), Fertilizers & Chemicals Tranvancore(up 2.12%), Deepak Fertilizers & Petrochemicals(up 2.06%), G S F C(up 1.71%), Coromandel International(up 0.69%), Madras Fertlizers(up 0.60%) and Krishana Phoschem(up 0.21%) stood among the top gainers. Aries Agro(down 3.76%), National Fertilizer(down 2.58%), ZUARIAGRO(down 1.79%), Agro Phos(down 1.55%), Rama Phosphates(down 1.45%), Paradeep Phosphates(down 1.43%), Mangalore Chemicals & Fertilizers(down 1.38%), Madhya Bharat Agro Products(down 1.21%), Southern Petrochemicals Industries(down 0.75%) and Gujarat Narmada Valley Fertilizers (down 0.67%) were among the top losers of the day.

25.10 / 11:51

FIVE AXY Enterprise NIFTY Experts Adani Ports, Axis Bank among 5 Nifty stocks with Golden Crossover pattern

Golden Crossover is and why it's an essential factor to consider when assessing stock movements. We will also spotlight five stocks that have recently experienced this pattern, offering investors a more informed perspective. The Golden Crossover is a critical indicator in technical analysis.

25.10 / 11:17

Blockchain Adoption Digital Gap Enterprise reports Triple-A Raises $10 Million in Series A to Bridge the Gap Between Traditional Finance and Blockchain Payments

Singapore-based digital currency payments firm Triple-A has completed a $10 million Series A funding round.

25.10 / 11:11

UPS Microsoft Google Racing Software Enterprise Microsoft surpasses Alphabet in cloud race with OpenAI bet, enterprise focus

By Aditya Soni

25.10 / 10:45

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

The NSE Nifty index ended the session 159.6 points down at 19122.15, while BSE Sensex fell 522.82 points to 64049.06. In the Nifty index, Coal India Ltd.(up 1.37 per cent), Tata Steel Ltd.(up 1.13 per cent), Hindalco Industries Ltd.(up 0.99 per cent), Tata Consumer Products Ltd.(up 0.78 per cent) and State Bank of India(up 0.59 per cent) stood among the top gainers.

25.10 / 08:43

NASDAQ economy Enterprise Kingstone isolate Analysis-China holds the key to Hong Kong's shrinking stock market

By Summer Zhen and Xie Yu

25.10 / 08:27

FIVE Enterprise reports 'Kanya bhojan' used as guise for child trafficking in Bhopal, two minor girls rescued

Navratri festival, in an apparent case of child trafficking orchestrated under the guise of 'Kanya Bhojan.' Prompted by this alarming occurrence, the Bhopal Police launched a swift and extensive investigation, reviewing over 200 CCTV camera footages spanning three days. This intensive operation led the police to the posh English Villas society in Bhopal's Kolar area. In a well-coordinated raid conducted on Tuesday, law enforcement successfully rescued the two abducted minor girls, identified as Kajal (8) and her 11-month-old sister Deepawali. The police have apprehended five individuals involved in this child trafficking operation: Archan Saini (36), her live-in partner Nishant (31), Suraj (19), and Muskan (20).

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