Enterprise Financial News

‘War crime’, ‘attempted genocide’: How some Jews around the world denounced Israel's Gaza bombardment This prompted the company's Pakistan-based arm to issue a statement in a bid to distance itself away from the Israeli branch's actions. “McDonald’s in Pakistan is a local enterprise, with full ownership and operation overseen by SIZA Foods Pvt. Ltd.

₹11,520 crore and 120 properties in the top seven cities including Mumbai, Pune, and Chennai. The Department of Investment and Public Asset Management (DIPAM) said, in response to the pre-bid queries from prospective asset valuers of IDBI Bank, that the bank has as many as 68 properties in Mumbai, 20 in Pune, nine in Chennai and seven in Ahmedabad. Besides, it has six properties in Kolkata and five each in Delhi and Hyderabad.

IDBI Bank that the lender has deferred tax assets of Rs 11,520 crore and 120 properties in the top seven cities including Mumbai, Pune, and Chennai. In response to the pre-bid queries from prospective asset valuers of IDBI Bank, the Department of Investment and Public Asset Management (DIPAM) said the bank has as many as 68 properties in Mumbai, 20 in Pune, nine in Chennai and seven in Ahmedabad. Besides, it has six properties in Kolkata and five each in Delhi and Hyderabad. “The intangible on the balance sheet of IDBI Bank primarily comprises deferred tax assets of around Rs 11,520 crore,” DIPAM said. Deferred tax asset commonly refers to overpayment of tax by an entity.

IPOs Next Week: The primary market witnessed some major listings in both main board and small- and medium-sized enterprise (SME) segments last month, which kept investors engaged with subscriptions and listings. Moving on, the second week of October sees strong market buzz - similarly packed with new listings and initial public offering (IPO) issues, that are available for subscription.

₹19,133.7 crore. A farmer's son and a college dropout, KP Ramasamy achieved success by establishing one of India's largest garment export enterprises. Founded in 1984, KPR Mill's business by was expanded Ramasamy in 2013 and diversified into sugar production.

Also read: Adani Group may bid in upcoming airport auctions "MIAL and NMIAL have received communications from the said Authority about the initiation of investigations of books of accounts and other books and papers in terms section 210(1) of the Companies Act, 2013," Adani Enterprises said on BSE filing. Billionaire Gautam Adani owns and operates seven airports across India.

New Delhi: Union minister of state for information technology Rajeev Chandrasekhar on Friday said that seven working committees submitted their official report on the Centre’s India AI strategy. The latter includes a multi-year road map to develop an India Datasets platform to collect, organize and build foundational artificial intelligence (AI) models using anonymized data, and also indigenously develop AI compute infrastructure in a public-private partnership (PPP) model.

Flutrr intends to deploy the newly acquired funds to expand its user base to 5 million and achieve a monthly revenue of Rs. 100 lakhs, positioning itself as a highly profitable enterprise. Small-town India, colloquially known as "Bharat", boasts around 500 million youth who lack English fluency.

Relative Strength Index (RSI). On October 12, ETMarkets observed 10 stocks with a declining RSI, indicating changing market dynamics. Let's delve into why RSI is a vital indicator for investors and explore these 10 stocks. The Relative Strength Index (RSI) is a versatile technical indicator that measures the magnitude of recent price changes.

The NSE Nifty index ended the session 42.95 points down at 19751.05, while BSE Sensex fell 125.65 points to 66282.74. In the Nifty index, Tata Motors Ltd.(up 4.73 per cent), IndusInd Bank Ltd.(up 2.77 per cent), HCL Technologies Ltd.(up 2.63 per cent), Tata Consumer Products Ltd.(up 2.35 per cent) and Nestle India Ltd.(up 2.08 per cent) stood among the top gainers.

NoBroker, a prop-tech unicorn, has launched CallZen.AI, a conversational intelligence tool that is set to transform the way businesses interact with their customers. CallZen.AI, an enterprise ready B2B product empowers businesses with conversational insights and can analyse millions of calls within minutes, uncovering valuable data-driven insights to improve customer service and drive business growth. Utilizing advanced machine learning models, CallZen accurately transcribes and extracts valuable insights from conversations conducted in multiple languages, including English, Hindi, Tamil, Telugu, Kannada, and Marathi. Notably, it offers features like speaker identification, sentiment analysis, and entity recognition, even in mono-channel scenarios, enabling a deeper understanding of customer interactions. Akhil Gupta, Co-founder & Chief product & Technology Officer, NoBroker, said, “We saw the vast potential of AI in transforming the real estate landscape of India and leaped right in.

Circle has initiated 'Circle Research', a new venture aimed at propelling technical advancements in the realms of cryptocurrency, blockchain, and Web3 through open-source investigation. The launching of Circle Research is seen as a step forward in hastening and broadening the scope of innovation in these domains by opening up research outcomes to the worldwide community. The primary open-source offering from Circle Research comes in the form of the Perimeter Protocol, which lays down a novel framework for the establishment of on-chain credit markets.

Union Ministry of Finance, spearheaded two crucial meetings on October 12, aimed at expediting the implementation of the Pradhan Mantri Vishwakarma Scheme. The meetings took place at the Regional Office of the National Bank for Agriculture and Rural Development (NABARD) in Chandigarh and included officials from the states of Punjab, Haryana, and the Union Territory of Chandigarh, read the Ministry of Finance press release. These discussions revolved around the imperative need to ensure a seamless and efficient implementation of the Pradhan Mantri Vishwakarma Scheme to extend its benefits to artisans and craftsmen engaged in traditional trades. The scheme seeks to provide comprehensive support to individuals involved in 18 identified trades. This support includes access to skill training, collateral-free credit, modern tools, market linkage assistance, and incentives for digital transactions.

₹143.75 apiece in early Friday trade after the company in an exchange filing on Thursday said it was awarded 'Navratna' status by the Department of Public Enterprises. This makes IRCON the 15th Navratna company among the Central Public Sector Enterprises (CPSEs), as per the company's exchange filing. Furthermore, the Department of Public Enterprises also granted the 'Navratna' status to another PSU, RITES, making it the 16th Central Public Sector Enterprise (CPSE) to receive this prestigious recognition.

The NSE Nifty index was trading 114.75 points down at 19679.25, while BSE Sensex was down 401.02 points at 66007.37 at the time of writing this report. In the Nifty index, Tata Consumer Products Ltd.(up 1.99 per cent), IndusInd Bank Ltd.(up 1.69 per cent), HCL Technologies Ltd.(up 1.56 per cent), Cipla Ltd.(up 0.66 per cent) and Coal India Ltd.(up 0.60 per cent) were among the top gainers.

Indowind Energy(up 4.84%), Voltamp Transformers(up 3.16%), JSW Energy(up 2.81%), SJVN(up 2.40%), KPI Green Energy(up 2.03%), KEC International(up 1.18%), Orient Green Power Company(up 1.10%), Transformers and Rectifiers(India)(up 0.23%) and Hitachi Energy India(up 0.01%) were among the top gainers. Karma Energy(down 3.66%), Energy Development Company(down 2.44%), Alstom T&D India(down 2.04%), Torrent Power(down 1.82%), Power & Instrumentation(Gujarat)(down 1.73%), Adani Power(down 1.43%), Jaiprakash Power Ventures(down 1.03%), GE Power India Limited(down 0.99%), Indo Tech Transformers(down 0.94%) and Adani Energy Solutions(down 0.91%) were among the top losers.

Balrampur Chini Mills(up 0.23%), Kothari Sugars & Chemicals(up 0.19%) and Mawana Sugars(up 0.14%) were among the top gainers. MAGADHSUGAR(down 1.58%), Triveni Engineering & Industries(down 1.52%), BAJAJHIND(down 1.18%), Dalmia Bharat Sugar & Industries(down 1.14%), Dhampur Sugar Mills(down 1.09%), Simbhaoli Sugars(down 0.99%), Sakthi Sugars(down 0.96%), AVADHSUGAR(down 0.94%), EID Parry(down 0.78%) and Bannari Amman Sugars(down 0.53%) were among the top losers.

monetisation opportunities for operators such as Bharti Airtel and Reliance Jio as they complete one year of service launch this month, said Qualcomm India president Savi Soin. He told ET that the first year of 5G has been a great success, with prices of smartphones coming down and operators rolling out networks at a fast pace. “It’s a great success. The original equipment manufacturers (OEMs) and operators are bringing new use cases.

The Chinese tech titan Tencent, the WeChat operator, will launch a digital yuan smart contract offering for small and medium-sized enterprises (SMEs).

MUMBAI: India Post Payments Bank (IPPB) and Small Industries Development Bank (Sidbi) have tied up to accelerate formal financial services in rural India and among smaller companies. The agreement is to leverage India Post’s deep connect with rural India and Sidbi’s lending and credit risk assessment models that could help millions get formal credit.

The mergers and acquisitions marketplace for registered investment advisors saw a summer surge this year, according to a report by Echelon Partners, a boutique investment bank focused on the investment management and wealth management industries.