Enterprise Financial News

15.08 / 18:57

UPS FIVE Racing Enterprise Shell ONGC, four others vie for Fortum projects

NEW DELHI : Oil and Natural Gas Corp. Ltd (ONGC) is in the fray for Finnish state-run power utility Fortum Oyj’s Indian solar projects totalling 185 megawatts (MW), two people familiar with the matter said, adding that the deal may have an equity value of around $130 million. Others in the race include Malaysia’s state-run oil and gas company, Petronas unit Gentari Sdn Bhd, Singapore’s Sembcorp Industries Ltd, Edelweiss Infrastructure Yield Plus Fund’s Sekura Energy Ltd, and private equity firm Actis Llp.

15.08 / 18:53

Aware Enterprise Rare ARC seeks to aggregate Coffee Day Global loans

Coffee Day Global with the aim to emerge as majority lender, said people aware of the development. It is the unlisted company that operates Cafe Coffee Day (CCD) chain. The ARC has offered to make upfront payments of 60-65% of the outstanding dues, the people cited above said.

15.08 / 18:01

UPS CEO Action Entertainment Enterprise Sony week Goenka, Chandra may move SAT over Sebi ban this week

Zee Entertainment Enterprises Ltd, Punit Goenka, are gearing up to challenge an interim directive of the Securities and Exchange Board of India (Sebi). The Sebi directive restrains the duo from holding directorship positions in any publicly listed firm, over allegations of fund diversion. A petition against Sebi’s 14 August order is expected to be filed with the Securities Appellate Tribunal (SAT) either on 17 or 18 August, according to two people, seeking anonymity.

15.08 / 18:01

COST UPS Provident Target Enterprise ‘Hotel industry to contribute $1.5 tn to GDP by 2047’

Mint. It forecasts that the demand for hotels will increase over the next 25 years, however, the supply will grow in the same ratio if there remains a continuous development plan for the pipeline and new projects. The association anticipated the growth to be at 11%, 13%, and 15% in the short, mid, and long term for the overall hospitality industry.

15.08 / 16:57

UPS Entertainment Enterprise NIFTY SENSEX Granules, India Cements, 7 others placed under F&O ban on NSE for August 16; check details

Zee Entertainment Enterprises, Granules India Ltd, India Cements Ltd, Chambal Fertilizers and Chemicals, Gujarat Narmada Valley Fertilizers And Chemicals Limited, Manappuram Finance, Delta Corp, Balrampur Chini Mills, Indiabulls Housing Finance are the nine stocks that are a part of the F&O ban list by the stock exchange for Wednesday. The NSE updates the list of securities in F&O ban for trade everyday. The derivative contracts in the mentioned securities have crossed 95 per cent of the market-wide position limit and have been currently put in the ban period by the stock exchange, said NSE.

15.08 / 14:19

Waves Lowe's Enterprise band show Ahead of Market: 10 things that will decide stock action on Wednesday

Here's how analysts read the market pulse: «Following weak performances in Asian markets, the domestic indices commenced the day with a negative bias, prompted by discouraging domestic industrial data along with concerns over demand from China. However, the indices managed to recover from their initial losses, ending the day on a relatively neutral note. India's wholesale inflation persisted in negative territory, albeit moderating to -1.36%, as the decline in fuel prices was counterbalanced by higher food costs.

15.08 / 14:03

UPS Target Racing Enterprise Fulton social Trump Georgia hits Trump with racketeering charges in election subversion case

By Andy Sullivan, Jacqueline Thomsen and Joseph Ax

15.08 / 11:51

Target Enterprise NVIDIA 'No competition': Baird expects Nvidia to deliver 'a significant beat'

Baird analysts reiterated an Outperform rating and hiked the price target by nearly $100 to $570 per share on Nvidia (NASDAQ:NVDA) ahead of the company’s second-quarter results that are scheduled for release next week.

15.08 / 08:57

UPS Manufacturing Enterprise week India's first long-range revolver "Prabal" to be launched this week on August 18

long-range revolver, «Prabal,» is poised for launch on August 18. The revolver is manufactured by the state-owned enterprise Advanced Weapons and Equipment India (AWEIL), based in Kanpur. Distinguished by its .32 bore, the Prabal revolver boasts an impressive firing range of up to 50 meters, more than twice the reach of other rivolvers in India.

15.08 / 08:49

Remark Enterprise NIFTY SENSEX performer country independence day Sensex, Nifty rise 10% since last Independence Day; what's the road ahead?

equity market witnessed decent gains since the last Independence Day amid sticky inflation, continuous rate hikes and a deteriorating global macroeconomic scenario. Thanks to India's robust macro indicators, the domestic market has shown remarkable resilience. "Domestic equity market has underperformed since last Independence Day with just 9 per cent returns as compared to long-term average annual returns of around 15 per cent," said G.

15.08 / 07:53

UPS Enterprise reports Coffee Day Enterprises Q1 Results: Firm swings to black, reports Rs 23 crore profit

Coffee Day Enterprises Ltd (CDEL) has reported a consolidated net profit of Rs 22.51 crore for the first quarter ended June 2023. It had reported a loss of Rs 18 crore in April-June period a year ago, CDEL said in a BSE filing.

15.08 / 07:27

UPS Lowe's FIVE Enterprise NIFTY performer independence day Independence Day 2023: ITC, Adani Ent shares among top best and worst performing stocks since last independence day

Narendra Modi said India will become the world’s third largest economy in five years. Looking at the year gone by, Indian stock market investors may have a reason for cheer. The benchmark index Nifty has rallied 9.81 since last year’s Independence day, or since 15th August 2022.

15.08 / 05:29

UPS MET Booking Man Enterprise country independence day Independence Day: How the Tatas struck back at the British empire

“Do you mean to say that Tatas propose to make steel rails to British specifications? Why, I will undertake to eat every pound of steel rail they succeed in making.” This was a retort by Sir Frederick Upcott, chief commissioner of Indian Railways in the early 1900s, when Dorabji Tata, son of Sir Jamsetji Nusserwanji Tata, announced plans to make steel in India. Upcott believed that Indians were good enough to make steel like the British wanted. Only British Steel supplied the steel good enough for making rails.A century of determinationIn October 2006, business magnate Ratan Tata put pen to paper as Tata Steel completed the most prominent foreign takeover by an Indian company as it acquired European steel giant Corus Group.

15.08 / 05:29

UPS Citi Platform Enterprise SENSEX beautiful week Grab independence day Independence Day Sale! 107 stocks down up to 84% from 52-week highs; should you grab any?

As many as 107 stocks in the BSE 500 index are trading atleast 20% down from their 52-week highs. Eight stocks have corrected more than 50% from their respective 52-week highs, and three of the biggest losers in this list are Adani Group firms — Adani Green Energy, Adani Energy Solutions, and Adani Total Gas. These stocks were down 62-84% from their 52-week highs.

15.08 / 05:15

COST UPS Lowe's Enterprise country Ruble Russia's ruble hits its lowest level since early in the war. The central bank plans to step in

The Russian ruble has reached its lowest value since the early weeks of the war in Ukraine as Moscow increases military spending and Western sanctions weigh on its energy exports

15.08 / 03:31

FIVE Entertainment Enterprise Sony Subhash Chandra, Punit Goenka can't hold director position in group cos: Sebi

Securities and Exchange Board of India (Sebi) Monday said Essel Group founder Subhash Chandra Goenka and his son Punit Goenka cannot hold the position of a director in various group companies, including Zee Entertainment Enterprises (Zee), Zee Media Corp and the proposed merged entity between Zee and Sony Pictures Networks India (Sony), until the regulator concludes its investigation in the alleged fund diversion case against them. Sebi will complete its probe within eight months from Monday, it said.

15.08 / 02:45

Enterprise Wildfires Northwest Territories Yellowknife declares state of local emergency due to wildfires in Northwest Territories

The City of Yellowknife declared a state of local emergency due to surrounding wildfires on Monday night.

15.08 / 01:35

Citi Digital Enterprise CNY electronic ‘Green Finance’ Options Emerge for China’s Digital Yuan

More Chinese firms are using the digital yuan, the nation’s central bank digital currency (CBDC), to access funding for “green” business projects.

15.08 / 00:35

UPS Citi Manufacturing Apple Enterprise electronic Tech giants turn to untapped talent in tier 2 & 3 cities in new twist

Apple are expanding their workforce in India and are recruiting for talent in places like Hubbali, Dharwad. Apple is not alone, there are many other large multinationals which are hiring in tier-2 and tier-3 cities in India. Focus on new areas such as electric vehicles and electronics manufacturing are driving job opportunities in these regions, staffing firms said.

14.08 / 20:21

SEC Platform coinbase Enterprise Amicus blues Schools Legal Experts from Top U.S. Law Schools Critique SEC's Approach in Coinbase Lawsuit

A consortium of legal experts from top U.S. law schools are backing Coinbase in its lawsuit with the Securities and Exchange Commission (SEC), arguing that the latter has the wrong interpretation of what constitutes an “investment contract.”

14.08 / 19:37

FIVE Progressive Entertainment Enterprise Sony Goenka can’t take key roles as Sebi upholds Jun order

Mumbai: The Securities and Exchange Board of India (Sebi) on Monday upheld its 12 June interim order restraining Punit Goenka and his father, Subhash Chandra, from holding key positions in publicly traded companies till further notice. Sebi’s order barred them from holding key positions in an alleged funds diversion case.

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