Enterprise Financial News

Promoting women’s empowerment is a crucial aspect of India’s socio-economic development. The government and numerous organizations are implementing initiatives to enhance the situation by implementing policies for social reforms and creating employment prospects.

Ashish Kacholia trimmed his stake in smallcap stock Xpro India by 42 bps during the September 2023 quarter, taking his holding in the company to 3.91%. Kacholia held a 4.33% stake in the company at the end of the June quarter. According to a July 9 filing on BSE, Kacholia trimmed his equity stake by 52 bps to 3.81% but later added 10 bps to bring it to 3.91% at the end of the September quarter. Xpro India is a diversified multi-divisional company with business interests in polymer processing.

More Chinese banks want to use digital yuan-powered smart contracts in their operations, and hope to use the CBDC in the financing of supply chains.

Jio Financial Services rose over 3 percent to ₹232 on BSE on Tuesday after the company's profit doubled in the quarter ended September 2023 (Q2FY24) in its first results report after being carved out from Mukesh Ambani-led Reliance Industries. Its consolidated net profit surged 101.3 percent to ₹668.18 crore in the quarter under review versus ₹331.92 crore in the previous quarter (Q1FY24) on the back of higher income from operations. Meanwhile, its total income rose 46.8 percent QoQ to ₹608 crore as against ₹414 crore in Q1FY24.

Melbourne-based fund manager Salter Brothers is eager to get in on the tech wreck.

Activist investor Sandon Capital says it will vote against the re-election of Magellan Financial Group director and former rugby union legend John Eales at the fund manager’s annual general meeting, citing the group’s pay policies.

Rise Growth Partners, Joe Duran’s effort to build the next generation of national advisory firms, has hired Terri Kallsen as managing partner and senior operating advisor, the firm announced Monday.

The B.C. government has introduced new legislation to regulate the rapidly expanding short-term rental market in an attempt to return homes to the long-term rental market.

Vocus Group, owned by Macquarie and Aware Super, has kicked off talks to put together a debt syndicate for its $6.3 billion bid to carve out ASX-listed TPG Telecom’s fibre assets.

New Delhi: Avinash Kumar runs Blumox Technologies, a Delhi-based company that develops websites, mobile apps and applications for enterprises. For five years, he used the services of Razorpay, a payments company, for his everyday transactions with customers online. However, a few months ago, he switched to PhonePe.

New Delhi (India), October 16: Online security threats continue to multiply and grow more complex each day, presenting an increasing challenge for IT security and risk management leaders. Securing data and infrastructure is not only vital for an enterprise but also for its customers and business partners.

Charles and Kathleen Moore are about to have their day in the Supreme Court over a $15,000 tax bill they believe is unconstitutional

₹58 crore in its Series B funding round led by EDFI ElectriFI (Electrification Financing Initiative), an EU-funded impact investment facility managed by EDFI Management Company. EDFI ElectriFI invested close to ₹24 crore in Freyr Energy. The rest was from Schneider Electric Energy Asia Fund (SEEAA), Lotus Capital LLC, Maybright Ventures and VT Capital, the company said in a statement.

₹860 apiece, valuing the stock at 4.5x on Sep’24 BVPS. Among the other stocks FIIs were bullish on in the last quarter was HDFC Bank. In Q2 FY24, FIIs increased their holdings in the bank to 52.1% from 33.4% in Q1 FY24.

₹17 apiece, which is around ₹4.70 per share higher from IFL Enterprises share price today. After the outbreak of this stock market news, IFL Enterprises share price witnessed heavy buying interest among Dalal Street bulls. IFL Enterprises share price today opened upside and went on to hit intraday high of ₹13.25 apiece on BSE, logging an intraday gain of near 17 per cent within few minutes of stock market's opening bell today.

Movin, a joint venture between UPS and InterGlobe Enterprises, on Monday, started operations by introducing the second fleet of Electric Vehicles (EV) for its first and last-mile deliveries in Bengaluru, said the brand through its press release. The first fleet was rolled out in Delhi NCR earlier this year. EVs will soon be deployed in Mumbai, Chennai, Hyderabad, Kolkata, and Pune by the end of 2023 as part of its plan to reduce carbon emissions and to align with its long-term sustainability goals, said the company in its statement.

He Jinbi, head of Maike Metal International Group, China’s top copper importer, has not been seen in public recently, and is believed to have been detained by Chinese authorities. By the standards of disappearances in China this year, He’s case seems relatively minor. Qin Yaqing appointed as China’s foreign minister in December last year disappeared in July, while defence minister Gen.

Dalmia Bharat share price rose up to 3.5% in morning trades on Monday post its September quarter performance that was reported over the weekend. Dalmia Bharat reported a healthy volume growth of 6.6% year-on-year to 6.3 million tonne (mt) amidst strong cement demand. With improving cement prices in the country, the Dalmia Bharat’s per tonne profitability at ₹950 per tonne improved over ₹875 seen in the previous quarter and ₹653 in the year-ago quarter, as per analyst’s calculations.

TCS: A nearly six-month-long probe into the bribes-for-jobs scandal at Tata Consultancy Services Ltd has resulted in crucial suggestions for hiring reforms, along with the sacking of the former head of its resource management group. On Sunday night, TCS disclosed to the exchanges that it had sacked 16 employees and blacklisted six staffing firms. E.S.

HDFC Bank, Grasim, Federal Bank, Bank of Maharashtra, ICICI Securities Shares of HDFC Bank, Grasim, Federal Bank, Bank of Maharashtra, and ICICI Securities will be in focus as the companies will announce second quarter results. DMart Avenue Supermarts reported a net profit of Rs 623 crore for the quarter ended September, which was down by over 9% year-on-year. Dalmia Bharat Dalmia Bharat has reported net profit of Rs 124 crore in the second quarter, while revenues stood at Rs 3,149 crore. Read more: Here's the trade setup for today's session Adani Enterprises Adani Enterprises said its two subsidiaries Mumbai International Airport and Navi Mumbai International Airport have received notices by the ministry of corporate affairs relating to initiation of investigation of books of accounts and other books and papers. Persistent Systems Persistent Systems has appointed Ayon Banerjee as the company’s chief strategy and growth officer with effect from October 13, 2023. Tata Motors Ahead of the IPO, parent Tata Motors will sell 9.9% stake in Tata Technologies for about Rs 1,614 crore. TPG Rise Climate will pick up about 9% stake in the transaction, which valued Tata Technologies at Rs 16,300 crore ($2 billion). Tata Steel Long Products Tata Steel Long Products has reported a net loss of Rs 136 crore in the second quarter.

Vivriti Asset Management has completed raising ₹1,700 crore to invest in bonds and loans. The credit asset manager has promised investors returns ranging between 10% to 15%.