Enterprise Financial News

20.08 / 11:49

Provident Lowe's Target Enterprise Expleo to double workforce in India, hire 5,000 people in 2.5 years

«The company aims to hire an additional more than 5,000 people over the next two-and-a-half years, including a focus on hiring fresh graduates. While other larger players are slowing down on hiring fresh graduates, the company believes it will provide future growth acceleration. The expectation is to double the current workforce of around 4,700 people, reaching a little over 9,700 employees,» he said.

19.08 / 17:23

Booking Manufacturing Enterprise resolution Dalmia Group submits revised debt resolution plan for Birla Tyres

Dalmia Group firms have submitted a revised debt resolution plan for ₹1,100 crore of bank loans of Birla Tyres, which is undergoing insolvency resolution, according to people in the know. A person familiar with the new plan told ET that group companies of Dalmia Bharat have offered to repay about ₹300 crore of the outstanding loans of Birla Tyres. This is said to be three times their original offer to creditors.

19.08 / 09:07

Target MET Platform Strategy Mobile Enterprise Financial TresVista aims to achieve $50 million milestone in current financial year

TresVista, a global enterprise in high-end outsourced services, is aiming to reach $50 million in the current fiscal year with over 300 clients. To meet its demands and revenue targets that would require over 5,000 employees in the next 4 years, the company has made significant investments to update existing infrastructure.

19.08 / 04:23

Provident CEO Enterprise Celebrity stage cover social Tamil Nadu: Two-day startup fest 'Thiruvizha 2023' to begin in Coimbatore today

startups and innovation, is hosting the "Tamil Nadu Startup Thiruvizha 2023" at the CODISSIA Trade Fair Complex in Coimbatore on August 19 and 20, stated an official release on August 17. This inaugural two-day event aims to celebrate entrepreneurship in Tamil Nadu and showcase the government's support for startups and aspiring entrepreneurs at various stages of growth, ANI reported.

18.08 / 18:59

Digital Platform coinbase Enterprise Bitcoin Inside folk Why Tyrone Ross remains optimistic amid the crypto winter

The ongoing bitcoin bear market has been difficult for cryptocurrency entrepreneurs like Tyrone Ross, but it hasn’t been enough to slow him down.

18.08 / 16:51

UPS AXY Enterprise electronic penalty stake CCI imposes ₹40 lakh penalty on Axis Bank over acquiring stake in CSC e-Governance

₹40 lakh on Axis Bank for failing to notify the regulator about its acquisition of a stake in CSC e-Governance. The watchdog said in an order that the transaction under consideration comprised acquisition of a 9.91 per cent stake in CSC e-Governance by Axis Bank and was completed in November 2020. The leading private sector lender was required to give a notice to the fair trade regulator as part of the transaction, however, it failed to do so, according to the order.

18.08 / 16:17

Provident AXY SUN Manufacturing Enterprise show stake Ace investor Ashish Kacholia sells part stake in SJS Enterprises for Rs 12 crore

Ashish Kacholia sold part of his stake in aesthetic solutions provider SJS Enterprises for Rs 11.6 crore through the open market on Friday. Kacholia sold 1,80,489 shares of the company, or 0.6% stake, at Rs 640.01 apiece, bulk deals data on the National Stock Exchange showed. He sold the shares at a premium of around 1% to Thursday’s closing price of the stock.

18.08 / 14:03

UPS Lowe's Target Ball Remark Enterprise Column-The ultimate 2023 consensus-buster - US grows faster than China?: McGeever

By Jamie McGeever

18.08 / 13:43

COST UPS FIVE Digital Enterprise country G20 trade and investment ministerial meeting to begin in Jaipur from 24 August

New Delhi: The G20 Trade and Investment Ministerial Meeting will be held in Jaipur on 24-25 August. The meeting will be preceded by the fourth and last Trade and Investment Working Group (TIWG) meeting under India’s G20 Presidency on 21-22 August, the ministry of commerce & industry said.

18.08 / 12:29

Citi Target CEO Enterprise Walmart Cisco analysts 5 big earnings hits: Analysts wary after Cisco's beat; retailers a mixed bag

Here is your Pro Recap of the biggest earnings reports you may have missed this week and how analysts responded: numbers out of Cisco, Walmart, Home Depot, and Applied Materials.

18.08 / 12:25

UPS Manufacturing Enterprise social Jewellery Malabar Gold & Diamonds launches its first state-of-the-art jewellery manufacturing facility in West Bengal

jewellery manufacturing facility in West Bengal. The manufacturing unit built with an investment of Rs 150 crore. The facility was inaugurated by Shashi Panja, minister of state Industries, commerce & enterprises, child development and Women Development & Social Welfare.

18.08 / 09:19

UPS Enterprise NIFTY Seven Adani stocks gain 2%-9%, Adani Enterprises, Adani Port among top gainers on Nifty

Adani Enterprises Ltd, and Adani Ports & Special Economic Zone Ltd rose over 3% each and were among top gainers on Nifty 50. Adani Group stocks have been in spotlight following news reports that Abu Dhabi National Energy Company PJSC (TAQA) is considering investing up to $2.5 billion in the group's power industry.

18.08 / 06:01

Lowe's Enterprise NIFTY SENSEX Sensex falls! These stocks are down 5% or more on BSE

On the BSE, Kuberan Global Edu(down 17.31 per cent), Abhinav Capital(down 10.00 per cent), Noida Toll Brid(down 9.91 per cent), GCM Sec(down 9.77 per cent) and Gujarat Lease(down 9.55 per cent) were among the stocks that plunged over 5 per cent during the session. In the Nifty pack, 10 stocks traded in the green, while 39 stocks traded in the red.

18.08 / 05:11

UPS BLOCK Enterprise Power TAQA considers $2.5 billion investment in Gautam Adani's power business: Report

Gautam Adani's power business, according to a report published by Economic Times. TAQA is the second-largest stock on Abu Dhabi Securities Exchange (ADX). On Wednesday, US-based boutique investment firm GQG Partners also invested USD 1.1 billion in Adani Power to pick up an 8.1% stake in the company.

18.08 / 04:49

Entertainment Enterprise Confidence Booster? Adani Ports among top 10 cos to see highest promoter buying in Q1

The 10 companies that saw highest buying by promoters from the open market in the last quarter, has Adani Group’s cash cow Adani Ports and Special Economic Zone at the top of the list. Promoter and promoter group entities bought Adani Ports shares worth Rs 2,807 crore in the June quarter, according to Prime Database. The purchase value has been calculated by multiplying the difference in the March and June shareholding of promoters by the average closing price of the stock during the quarter.

18.08 / 03:39

Entertainment Enterprise NIFTY SENSEX copper F&O Ban: Hindustan Copper, SAIL among 10 stocks under ban on Friday

Delta Corp, Gujarat, Narmada Valley Fertilizers & Chemicals, Granules India, Hindustan Copper, Indiabulls Housing Finance, India Cements, Manappuram Finance, Steel Authority of India (SAIL) and Zee Entertainment Enterprises (ZEEL). Balrampur Chini has moved out of the ban. The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL.

17.08 / 23:43

Booking Waters Enterprise cover QIC’s PE team wins $500m mandate for European buyouts

Queensland-headquartered private markets investor QIC should have its eye (and chequebook) out for mid-market European buyouts in the coming years as it adds a new client to its books.

17.08 / 19:45

Provident CEO Strategy Enterprise performer tenor private credit Returns Private credit funds turn innovative to deliver high returns

Davidson Kemper, Ares SSG, and Varde Partners. Going beyond consortium loans with a fixed coupon and tenor, advisors are cobbling together lenders to fund borrowers at different rates and with different tenors to create more grades in the seniority of claimants in repayment schedule.

17.08 / 18:05

Racing Enterprise Emami Group aims to complete AMRI Hospitals sale to Manipal Group this month: report

Emami Group aims to complete the sale of AMRI Hospitals this month to Manipal Group for about ₹2,400 crore, said a report by Economic Times on Thursday. The report citing industry executives said that about ₹1,650 crore of the proceeds of the deal will be utilised for servicing the existing debt of AMRI Hospitals.

17.08 / 18:05

CEO Enterprise Southern Citibank track Indian RBI approves appointment of PR Seshadri as Managing Director and CEO of South Indian Bank

South Indian Bank for a period of three years with effect from October 1, 2023. According to statement by the South Indian Bank, PR Seshadri is an accomplished banker with experiences spanning multiple businesses, functional lines and geographies.

17.08 / 17:31

Citi CEO Enterprise Southern Citibank Indian RBI approves appointment of P R Seshadri as MD & CEO of South Indian Bank

Reserve Bank of India on Thursday approved for the appointment of P R Seshadri as Managing Director & CEO of South Indian Bank for a period of three years with effect from October 1, 2023. He has significant experiences in enterprise level management and in the management of all key commercial banking business lines and he has substantial experience in successfully managing investors, boards and regulatory relationships in multiple geographies, said the company's notification to Bombay Stock Exchange.

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