Enterprise Financial News

Dealmakers from Singapore’s Temasek appear to be accelerating hopes to offload the 40 per cent of gas and electricity distribution giant Jemena, meeting with prospective buyers this week, sources told Street Talk.

OpenAI says ChatGPT can now browse the internet to provide users with current information and that browsing is no longer limited to data before September 2021. «Browsing is available to Plus and Enterprise users today, and we'll expand to all users soon. To enable, choose Browse with Bing in the selector under GPT-4,» the company said in a post on X, formerly known as Twitter.

By Abigail Summerville

Kerala is pursuing an ambitious goal of helping 1000 small and medium enterprises (SMEs) scale up to an annual turnover of Rs 100 crore in three years with technology adoption. “This is part of Kerala’s Mission 1000 programme. The government will handhold these SMEs and help them modernise and adopt best global practices,” Kerala’s Industries, Law & Coir Minister P Rajeeve told ET.

India, September 27 2023: Tyke Technologies Private Limited, a pioneering fintech firm that has successfully made Startup Investment accessible to a broader audience through its platform called Tykeinvest.com, has witnessed over 120+ startups embracing its distinctive product called CSOP (Community Subscription Offer Plan), showcasing the increase in industry demand of Startup Investment and adoption of this innovative product by Consumers in India. The growing utilization of CSOP indicates that Tykeinvest, which has pioneered bringing retail investors to the angel investment table, has yet again found the pulse of the consumer and the business.

diamonds for two months starting from October 15 amid slowing global demand and rising inventories of domestic players. "...demand for loose polished diamonds and jewellery from large consuming economies such as the USA and China have been materially affected over the last many quarters, on the back of all-time highs of 2021 and 2022, with a visible slowdown in orders. «As a result, our country's exports have declined by 25 per cent during January-August, with a similar trend in September.

Oneclick Logistics India IPO: The initial public offering (IPO) of small- and medium-sized enterprise (SME) Oneclick Logistics India has opened for subscription today (Wednesday, September 27), and will close on Tuesday, October 3. The company is an integrated logistics services and solutions provider and offer customers a single-window solution - negating the need to approach multiple service providers at different levels in the chain of logistics services.

Tata Play has ventured out of India with a white label solution for global OTT aggregators, starting with a project collaboration with Philippines’ leading Pay-Tv provider Cignal TV. India’s leading content distribution platform today launched the Tata Play Binge PaaS for OTT aggregators across the globe, enabling Tata Play to provide end-to-end development and deployment opportunities. «Apart from providing the software architecture, our partner companies will also benefit from Tata Play’s learnings over the years in areas of forging commercial partnerships, recommendation engine, subscription management, analytics, and much more. With the launch of this enterprise solution, we have now created a unique OTT content aggregation and distribution ecosystem,” said Harit Nagpal, Managing Director & CEO of Tata Play. Coming from the house of conglomerate Tata group, Tata Play Binge is an OTT aggregation service that brings content from more than 26 apps in one app. The promoter company now focuses on tying up with various OTT partners and acquiring subscribers in the overseas market.

Click here!) Adani Enterprises, HDFC Bank, Axis Bank, ITC and Tata Consumer are the stocks that will see their weight up in the Nifty 50 index. On the other hand, the weight of Adani Ports, Wipro, JSW Steel, Reliance Industries and Infosys will go down in the Nifty 50 index, said Pagaria.

On the BSE, Ramchandra Leasing(down 20.00 per cent), O P Chains Ltd.(down 19.00 per cent), Goblin India(down 13.78 per cent), Sakuma Exports(down 12.68 per cent) and Williamson Magor(down 9.97 per cent) were among the stocks that plunged over 5 per cent during the session. In the Nifty pack, 14 stocks traded in the green, while 36 stocks traded in the red.

CVC Capital Partners is exploring selling its controlling stake in Indian cancer hospital chain HealthCare Global Enterprises Ltd., according to people familiar with the matter. The private equity firm is looking to identify buyers for its 60.4% in the Mumbai-listed company, said the people, who asked not to be identified as the information is private. CVC’s stake is worth about $358 million, according to data compiled by Bloomberg.

Vedanta: Moody's Investors Service downgraded Vedanta Resources' corporate family rating from Caa1 to Caa2 over elevated risks of debt restructuring over the next few months. With the current downgrade, the outlook remains negative for the parent company of Vedanta.. Infosys: The IT major is partnering Microsoft to enhance enterprise functions with AI-enabled solutions across multiple industries, according to a release.

The head of global fund giant Ares Management’s Australasian unit says he expects direct lending to local companies to double over the next three years as more buy-out funds turn to asset managers for financing.

Armitage Associates-backed IT services group Tecala will pay about $10 million to purchase automation consulting services company rapidMATION.

JPMorgan's British retail bank Chase will ban crypto transactions made by customers from October 16 due to an increase in fraud and scams, the company said on Tuesday. «We've seen an increase in the number of crypto scams targeting UK consumers, so we have taken the decision to prevent the purchase of crypto assets on a Chase debit card or by transferring money to a crypto site from a Chase account,» a spokesperson for the bank said. Chase has become the latest lender in the UK to restrict customers' access to crypto amid long-running concerns over its use in online scams run by criminals. JPMorgan has attracted more than 1.6 million customers to its Chase retail bank since launching the mobile app-based service in Britain two years ago, and plans to roll out the consumer bank in other international markets over time.

Barauni-Guwahati Pipeline will provide gas in Guwahati by the end of the year, and Assam will be linked with the National Gas Grid. Gas conclave a day-long brainstorming workshop on the prospects and challenges of the usage of natural gas, was organized by the Department of Industries, Commerce & Public Enterprises, Government of Assam on Tuesday in Guwahati. Minister, Industries, Commerce Bimal Bora while commending the pioneering role of Assam in the petroleum and natural gas sector in the country, noted how the Hydro-carbon Vision 2030 for North-East India of the Central Government has opened up several vistas of economic development through natural gas; and further noted how Assam has so much reserves of natural gas that it can fuel its economy based on this clean and green fuel. In this regard, he stressed on evolving synergy among the different stakeholders of the entire value chain of natural gas. GAIL India Limited representative announced that the Barauni-Guwahati Pipeline shall be able to provide gas in Guwahati by the end of the year, thereby marking a major milestone in the linkage of the State with the National Gas Grid.

Edited excerpts: ­What challenges do CIO and CTOs face when it comes to storage and data management? How will NetApp resolve issues of technology leaders in their digital transformation journey? CIOs and CTOs have been impacted by increasing cloud complexity, that potentially leads to poor IT performance, loss in revenues, and are barriers to business growth. This is where NetApp steps in to create harmonization across the cloud, help enterprises automate data, and build resilience across the cloud. We have partnered with hyperscalers such as Amazon, Microsoft, and Google to increase the speed of innovation, lower costs and improve consistency, flexibility and agility across on-premises and cloud environments—thereby helping them in digitization journey.

₹70 crore reflects the management’s intent to monetize non-core assets, something it has been talking about. The aim is to meet working capital requirements, fund near-term capital expenditure and repay debt. But this sale could well be a drop in the ocean for its deleveraging efforts, unless of course its operating metrics improve significantly.

Mainboard vs SME IPOs The mainboard typically demands a minimum of 1,000 subscribers or allottees for an IPO, with application amounts ranging from ₹13,000 to ₹15,000. These offerings undergo rigorous scrutiny as their Draft Red Herring Prospectuses (DRHP) are thoroughly vetted by Sebi. Moreover, companies aiming for the mainboard listing must have a post-issue paid-up capital exceeding ₹10 crore.

Infosys Topaz, Azure OpenAI Service and Azure Cognitive Services. “Both organizations are bringing together their respective artificial intelligence (AI) capabilities to enhance enterprise functions with AI-enabled solutions across multiple industries, Infosys said in a statement to the stock exchanges.

IBSFINtech, India's leading TreasuryTech Solution provider announces a significant addition to the company’s advisory board -- Mr Manoj Kohli. Mr.