Enterprise Financial News

Mahindra Lifespace Developers Ltd.(up 4.28 per cent), Sobha Ltd.(up 3.99 per cent), Godrej Properties Ltd.(up 1.12 per cent), Oberoi Realty Ltd.(up 1.05 per cent) and DLF Ltd.(up 0.92 per cent) were among the top gainers. Phoenix Mills Ltd.(down 2.79 per cent) and Brigade Enterprises Ltd.(down 0.4 per cent) were the top losers on the index.

Sikko Industries(up 1.57%), Aries Agro(up 1.36%), Deepak Fertilizers & Petrochemicals(up 1.27%), Coromandel International(up 1.06%), Gujarat Narmada Valley Fertilizers (up 0.99%), Chambal Fertilisers & Chemicals(up 0.97%), Agro Phos(up 0.82%), ZUARIAGRO(up 0.81%), Khaitan Chemicals & Fertilizers(up 0.77%) and Rashtriya Chemicals & Fertilizers(up 0.48%) were among the top gainers. Fertilizers & Chemicals Tranvancore(down 1.31%), KRISHANA(down 0.58%), Southern Petrochemicals Industries(down 0.54%), Paradeep Phosphates(down 0.42%), Madras Fertlizers(down 0.26%), Rama Phosphates(down 0.11%) and Madhya Bharat Agro Products(down 0.08%) were among the top losers.

EID Parry(up 0.64%), Rajshree Sugars & Chemicals(up 0.38%), Dhampur Sugar Mills(up 0.25%), Ugar Sugar Works(up 0.19%), BAJAJHIND(up 0.19%) and Bannari Amman Sugars(up 0.02%) were among the top gainers. Balrampur Chini Mills(down 1.69%), DCM Shriram Industries(down 1.48%), Rana Sugars(down 1.25%), MAGADHSUGAR(down 1.23%), Triveni Engineering & Industries(down 1.09%), Sakthi Sugars(down 1.06%), Ponni Sugars(Erode)(down 0.86%), K.M.Sugar Mills(down 0.85%), Kothari Sugars & Chemicals(down 0.71%) and AVADHSUGAR(down 0.69%) were among the top losers.

The NSE Nifty index was trading 64.85 points up at 19588.4, while BSE Sensex was up 177.58 points at 65685.9 at the time of writing this report. In the Nifty index, NTPC Ltd.(up 5.10 per cent), Hindalco Industries Ltd.(up 2.87 per cent), Dr.

Karma Energy(up 4.93%), DPSC(up 4.72%), NTPC(up 4.49%), NLC India(up 3.67%), Transformers and Rectifiers(India)(up 3.27%), JSW Energy(up 3.12%), Voltamp Transformers(up 2.22%), GE Power India Limited(up 1.99%), Tata Power Company(up 1.80%) and NHPC(up 1.73%) were among the top gainers. Orient Green Power Company(down 4.78%), Power & Instrumentation(Gujarat)(down 3.85%), Adani Energy Solutions(down 1.87%), ADANIGREEN(down 1.73%), RTNPOWER(down 1.45%), Jaiprakash Power Ventures(down 0.96%), Inox Wind Energy(down 0.76%), Power Grid Corporation of India(down 0.37%), Indowind Energy(down 0.37%) and Adani Power(down 0.24%) were among the top losers.

Temasek is paring its holding in Manipal Hospitals six months after it bought a controlling stake, but the Singapore sovereign wealth fund (SWF) will continue to hold 51% in the hospital chain, people aware of the development said. Temasek-owned Sheares Health is in advanced negotiations to sell 8-9% in Manipal Health Enterprises to Abu Dhabi fund Mubadala and Brunei Investment Authority (BIA), another SWF, at an enterprise valuation of $5 billion, or about ₹40,000 crore, they said. The valuation is the same as when Temasek acquired an additional 41% to take its holding in the Bengaluru-headquartered hospital chain to 59%.

IHC) said on Thursday it is selling its stake in Adani Green Energy and Adani Energy Solutions, less than 18 months after the strategic investment company invested ₹15,400 crore in three Adani group companies. While IHC did not disclose the name of the buyer and the value of the deal, people with knowledge of the matter said the investor could be exiting at a steep loss given that stocks of both Adani Green Energy and Adani Energy Solutions (formerly Adani Transmission) were trading much below the price at which it had invested in the companies last year. IHC said in a letter to the Abu Dhabi Securities Exchange that it has entered into a definitive agreement with a buyer to sell its investments in Adani Green Energy and Adani Energy Solutions as part of its portfolio rebalancing strategy. ET's queries emailed to Adani Group did not elicit a response till press time. IHC holds a 1.26% stake in Adani Green and 1.41% in Adani Energy Solutions, as of June 30. Its investment in the two companies was worth around ₹3,327 crore, as per prices at market closing on Thursday, 57% lower than ₹7,700 crore invested in May 2022. Value of Stake in Adani At that time IHC had invested Rs 15,400 crore (around $2 billion) in three Adani companies — Rs 3,850 crore each in Adani Green Energy and Adani Energy Solutions, and Rs 7,700 crore in Adani Enterprises.

MUMBAI : Adani Power Ltd’s (APL) promoter group entities—Fortitude Trade and Investment Ltd and Emerging Market Investment DMCC—hiked stake in power generation firm by 2.21%. The Adani promoters purchased shares in the company from open market between 5 September and 25 September, according to regulatory filings. The value of the stake purchased is around ₹3,170 crore, according to volume weighted average price of Adani Power during said period.

This strategic change underscores the company's commitment to its new role as a comprehensive solutions provider in the energy and mobility sector, the battery maker said in a press release. Company Chairman and Managing Director Jayadev Galla said, «Over the past three years, we have made significant investments in our in-house R&D capabilities and have strategically partnered with companies at the forefront of new energy technologies.

Temasek is paring part of its controlling stake in Manipal Hospitals six months after it doubling down in the Bangalore headquartered hospital chain. Temasek owned Sheares Health, is in advanced negotiations to sell 8-9% of its 59% interest in Manipal Health Enterprises to Abu Dhabi' fund Mubadala and the sovereign wealth fund of Brunei, Brunei Investment Authority (BIA), said people in the know.

One thing Tesla’s lovers and haters might agree on is that its valuation doesn’t have much to do with making cars. What the electric-vehicle pioneer is worth is one of the hottest questions in the stock market. We know this because the daily trading volume in its shares exceeds that of any other U.S.

Cognizant Technology Solutions on Thursday announced the appointment of Wipro executive Jatin Dalal as Chief Financial Officer effective in December 2023. Dalal, who resigned from Wipro last week, will be serving his notice period as the CFO at the homegrown IT firm till the end of November.

(Reuters) -Agricultural machinery maker AGCO Corp said on Thursday it would acquire an 85% stake in GPS navigation products maker Trimble's agribusiness for $2.0 billion in cash.

₹3,170 crore, according to the volume-weighted average price of Adani Power during the said period. With the latest purchase, the overall promoter stake in Adani Power has increased to 69.09%. Fortitude Trade and Investment Ltd acquired 6.58 crore shares or 1.71% of the total equity between 5 September and 21 September 2023.

stock market is a dynamic landscape, and investors often rely on technical indicators to identify potential opportunities. The 200-day Simple Moving Average (SMA) is one such indicator, offering insights into long-term trends. On September 27, several major stocks demonstrated their strength by surpassing their 200-day SMA. Let's explore the performance of these stocks. (Data Source: StockEdge) 1. Godrej Consumer Products Godrej Consumer Products Limited is a leading consumer goods company known for its wide range of household and personal care products.

Zee Entertainment Enterprises Ltd. slipped 1.72 per cent to Rs 257.05 in Thursday's trade. It hit a high of Rs 263.5 and low of Rs 255.8 during the session.

₹300 crore ‘P&G Supply Chain Catalyst Fund’. Aimed at teaming up with third-party firms and startups, the fund’s objective is to co-develop solutions for a contemporary supply chain ecosystem. The investment focuses on multiple aspects, from supply chain optimization and digitization to capacity expansion and sustainability, as the company seeks to rejuvenate its supply chain, according to a company statement.

Also Read: GOP Debate: GOP Debate: Presidential candidate Vivek Ramaswamy says 'Transgenderism' a mental health issue. 5 Top Updates To illustrate his argument, Ramaswamy mentioned encountering two young women who later had regrets about their gender-affirming surgeries.

On the BSE, Diksat Transworld L(down 20.00 per cent), Cospower Engg (down 14.24 per cent), Gujarat Natural(down 11.47 per cent), Ganga Pharmaceutical(down 10.00 per cent) and Kush Industries (down 9.32 per cent) were among the stocks that plunged over 5 per cent during the session. In the Nifty pack, 22 stocks traded in the green, while 28 stocks traded in the red.

OpenAI temporarily disables ChatGPT's internet browsing feature: Here's why Notably, ChatGPT iOS users had received the update providing web browsing abilities as early as June but the company had to soon halt the feature after users started making use of the chatbot to access paywalled content. ChatGPT Plus and Enterprise can enable the Browse with Bing extension in the selector under GPT-4.

Investing.com – Tech stocks have suffered a bumpy ride in September as the road to higher rates for longer has rejuvenated the bears, but Wedbush argues, this weakness will prove to be a temporary joyride as the upcoming earnings season for big tech and fed cuts next year will trigger a rebound in growth across tech.