Enterprise Financial News

Scotland is set to introduce pilot schemes that will let select civil servants to transition to a four-day workweek. The pilot programs are slated for various government departments and agencies and are aimed at exploring the feasibility and benefits of a reduced workweek. This initiative, outlined in the 2023-24 Programme for Government (PfG), details the government's plans for the upcoming year and aims to evaluate the potential benefits of reduced working hours. The pilot program's main objective, as stated in the document, is to assess the well-being, environmental impact, and productivity gains that could be achieved through the adoption of a four-day workweek in the public sector. The pilot is expected to run for approximately one year and may involve arm's-length bodies rather than ministerial departments. Certain government enterprise agencies, responsible for fostering economic development in Scottish regions, have expressed interest in participating in the trial. The United Kingdom conducted its largest-ever trial of the four-day workweek just last year. Nearly 3,000 employees across 61 organizations embraced a shorter workweek for six months. The majority of employers opted to retain the four-day workweek model when the experiment concluded. They attributed this decision to increased revenues, reduced staff turnover, and mitigated worker burnout as the key drivers of their choice.

Alibaba Group Holding Ltd’s former chief Daniel Zhang has decided to quit just months after agreeing to lead its cloud division, introducing another layer of uncertainty to China’s largest e-commerce company just as it’s navigating a complicated breakup.

nasscom foundation is one such organisation working towards creating an environment that supports entrepreneurial aspirations which are crucial for economic growth and social development. The foundation’s Women Entrepreneurship Program (WEP) is designed to enable women entrepreneurs — particularly those involved in agriculture, artistry and running micro, small and medium enterprises (MSMEs) in rural areas — access technology and digital skills for their business growth, says Nidhi Bhasin, CEO, nasscom foundation. In 2022, the foundation impacted over 6.4 lakh lives through 15 skilling projects, offering courses in foundational, emerging and advanced technologies. In an interaction with ET digital, Bhasin explains how the foundation is creating access to technology at the grassroots level via the (government’s) Aspirational Districts Programme.

Stock market today: Coffee Day shares have been under sell off heat since early morning deals. Coffee Day share price today opened downside and went on to hit intraday low of ₹43.35 apiece on NSE, logging more than 17 per cent dip within an hour of early morning deals.

Granular data from the Goods and Services Tax Netw... moreGranular data from the Goods and Services Tax Network (GSTN) provides valuable insights into business composition and tax contributions.

Mint reported earlier, the Adani Group promoter firm has increased its stake in two of the group’s listed companies as the conglomerate continues to work on a strategy to recover from the effects of the damaging reports. Shares of the group's flagship firm Adani Enterprises rose nearly 3 per cent, and those of Adani Ports, too, rose 3 per cent in early trade on BSE. Shares of Adani Power rose almost 4 per cent.

Reliance Industries/TCS/Tata Communications: US chipmaker Nvidia Corp on Friday announced separate partnerships with Reliance and Tata group companies to help them develop AI-powered supercomputers, AI clouds and generative AI applications. While Reliance’s telecom and technology subsidiary Jio Platforms Ltd will build a framework for local-language deployment of generative AI, Tata Communications Ltd will build an AI cloud for its clients.

₹4,203 crore worth of Indian equities and infused a total of ₹3,636 crore as of September 8.Wall Street stocks edged higher on Friday, but not by enough to keep Wall Street from closing out its first losing week in the last three amidst worries that the Fed will opt for rate hikes to put a tame on inflation.The Adani Group's promoter firm has recently bolstered its ownership in two of the conglomerate's publicly traded companies as part of its ongoing efforts to rebound from the adverse impact of critical reports.According to stock exchange disclosures made by the promoter group, they have raised their ownership in the flagship company, Adani Enterprises, from 69.87% to 71.93%. These additional shares were acquired through Kempas Trade and Investment Ltd and Infinite Trade and Investment Ltd.In a separate announcement filed with the stock exchange, the promoter group also revealed an uptick in their stake in Adani Ports and Special Economic Zone Ltd, moving from 63.06% to 65.23%.

Adani Enterprises, Adani PortsBillionaire Gautam Adani-led promoter group has increased stake in two of the group's listed companies — Adani Enterprises and Adani Ports — as the ports-to-energy conglomerate continues to work on a claw back strategy.IRB InfrastructureIRB Infrastructure Developers, IRB Infrastructure Trust, have collectively reported the toll revenue of Rs 417 crore for the month of August, showing growth of 24% year-on-year.SJVNSJVN, through its wholly owned subsidiary SJVN Green Energy Limited (SGEL), has signed a PPA with Bhakra Beas Management Board (BBMB) for 18 MW solar power.Read more: Here's the trade setup for today's sessionCoffee Day EnterprisesAn application has been filed against the company under Insolvency and Bankruptcy Code. The company said it is seeking appropriate legal advice and will take all appropriate steps to protect its interest.InsecticidesA fire accident occured at one of the plants in Dahej.

First, earmark the assets for your own use, and do not think of leaving everything behind as if it is your sacred duty. The hard-earned wealth accumulated over a lifetime is yours and you are entitled to it much more than your children. Shed the martyrdom, indulge yourself a bit, and forget about the naysayers.

Four years after taking Legend Corp off the ASX, private equity outfit Adamantem Capital is placing the electrical and industrial distribution platform play up for sale, bringing on Miles Advisory to pitch the restructured business to trade buyers.

Ripple has bought the Fortress Blockchain Technologies subsidiary for an undisclosed sum.Through its technology and licensing, Fortress Trust provides infrastructure to address the growing enterprise crypto market.

New Delhi: As artificial intelligence (AI) continues to exacerbate cyberattacks around the world, there is an increasing need to adopt global standards, if not regulations, to tackle how cyberattacks are lowering the threshold of warfare. In an interview, Philipp Rosler, who served as the federal minister of economic affairs and technology, as well as the vice-chancellor of Germany between 2011 and 2013, spoke about the state of cybersecurity in an increasingly fragmented world and how this affects global collaborations across sectors. Rosler, who is on the board of directors of $3.5-billion Swiss cybersecurity firm Acronis, also highlighted the increasing role of governments in modern-day cyber policies and why security companies will need to collaborate with, alongside adopting the right regulations.

Sheela Foam Ltd’s acquisition of Kurlon Enterprises Ltd, Godrej Consumer Products Ltd’s acquisition of Raymond Consumer Care Ltd, Dabur Ltd’s acquisition of Badshah Masala Pvt. Ltd, Nirma Ltd’s acquisition of Stericon Pharma Pvt. Ltd, and Hinduja’s proposed acquisition of Reliance Capital Ltd.

₹15,000 each as toolkit incentives through e-vouchers or eRUPI, apart from collateral free enterprise development loans at concessional rate of interest. Further, the artisans would also get an incentive of ₹1 per transaction for maximum of 100 transactions per month, showed a presentation prepared by the MSME ministry. The artisans would have to go through a skill verification phase followed by a five-day training session.

Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: a downgrade at Block, an upgrade for Chewy, an Underperform initiation for Cloudflare and an Overweight initiation for Surf Air Mobility

IPOs This 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 upcoming week sees strong market buzz for September, which is similarly packed with new listings and initial public offering (IPO) issues, that are available for subscription. ‘’There was decline in IPO activities in 2022 and expected to have a jump of 30 per cent in IPO issuance in 2023.

Akshata Murty, the daughter of Infosys founder Narayan Murthy and the wife of UK Prime Minister Rishi Sunak, is currently in Delhi for the G20 Summit. Her fashion selections during the summit have been more than just personal style; they've carried political undertones. On the first day of her visit, Murty opted for a combination of a pleated, crisp white shirt and a traditional floral Indian skirt.

African Union (AU) Saturday formally took its seat as a new member of the G20 at the invitation of summit host Prime Minister Narendra Modi. In his inaugural address at the summit, Modi also expressed solidarity with Morocco as it grapples with the aftermath of a devastating earthquake and extended all the support that Rabat needs. In 2015, India had played a key role in Morocco's reinduction into the AU. The current chair of the 55-member AU is the Comoros President, who was greeted by Modi following the announcement.

Dividend Stocks: Shares of several companies including Indian Railway Finance Corporation (IRFC), Jindal Stainless, Multi Commodity Exchange of India (MCX), Supriya Lifesciences, among many others will trade ex-dividend in the coming week, starting from Monday, September 11. The ex-dividend date is the day on which the equity share price adjusts to reflect the next dividend payout.

REC has signed an initial pact with PFC committing higher revenue from operations in FY24 and FY25, its CMD Vivek Kumar Dewangan said on Saturday. The memorandum of understanding has been signed as per the DPE (Department of Public Enterprises) Performance Evaluation System for FY24 and FY25 for Central Public Sector Enterprises, Dewangan told PTI. «As per the MoU, REC is committed to improving the revenue from operations from Rs 43,420 crore targeted in FY 2022-23 to Rs 46,935 crore in FY 2023-24 and Rs 56,322 crore in FY 2024-25,» he said. The Mou was signed on Friday between Dewangan and Parminder Chopra, CMD of Power Finance Corporation (PFC) in presence of other senior officials from of the companies, in Gurugram. REC, under Ministry of Power, is a leading infrastructure finance company with a net worth of over Rs 57,000 crore as on March 31, 2023.