Enterprise Financial News

Nifty Call options are at 19,500, which suggests the index has stiff resistance at this level. Stocks like Bajaj Finance, Hero Moto, IndusInd Bank, AB Capital, Bandhan Bank, Oberoi Realty and Shriram Finance can remain under pressure. Investors can start accumulating BPCL and ITC in the fall, said analysts.JATIN GEDIATECHNICAL RESEARCH ANALYST, SHAREKHANWhere is Nifty headed this week?Chart patterns suggest a zone of 19,570-19,600 for Nifty will act as a strong resistance.

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Blackstone has emerged the frontrunner to acquire Kims Healthcare Management (KHML), Kerala’s leading hospital chain, said two people aware of the development. The US private equity major is expected to acquire up to 75% holding in the hospital chain, valuing it at Rs 4,000 crore, they said. Initially, Blackstone is aiming to buy 55% stake held by existing investor True North along with 20% stake held by minority shareholders, they said. The deal is likely to be signed by mid-September. The management will remain the same, headed by founder Dr MI Sahadulla who along with his family holds about 25% stake in Kims, the sources said. Blackstone and Manipal Health Enterprises are the two contenders left in the race for Kims. Manipal was keen on acquiring up to 90% stake with Sahadulla to remain as a minority shareholder with 10% stake, people cited above said. Manipal Health Enterprises, Max Healthcare, Temasek-owned Sheares Healthcare, and global buyout funds Blackstone and CVC Capital were among half a dozen potential buyers in initial talks to acquire about 65-70% in Kims Health Management, ET first reported in December. Kims Health has four operational hospitals in Kerala — in Thiruvananthapuram, Kottayam, Kollam and Perinthalmanna — with a total capacity of 1,378 beds.

China's State Council issued guidelines on Sunday that it said would further optimize the country's foreign investment environment and attract more foreign investment. The State Council said in a document containing 24 guidelines that authorities should increase protection of the rights and interests of foreign investors, including strengthening enforcement of intellectual property rights.

European Union has raised data privacy concerns at the meta information portal that India has proposed for the micro, small and medium enterprises (MSME) of the G20 countries. The portal is sought to have details of MSMEs of every G20 member including the sectors and products they deal with. Establishing an online digital portal is crucial as it would offer integrated research, trade and business information for market research by the MSMEs. «Some members, including the EU, have raised data privacy concerns. They have asked how will the portal and data be managed,» said an official. Officials said that setting up the MSME portal is one of the three high-ambition goals, an outcome on which is being seen at the upcoming G20 Trade and Investment Ministerial meeting in Jaipur from August 24 to 25.

Zee Entertainment Enterprises, Granules India Ltd, India Cements Ltd, Chambal Fertilizers and Chemicals, Manappuram Finance, Delta Corp, Balrampur Chini Mills, Hindustan Copper, Indiabulls Housing Finance are the nine stocks that are a part of the F&O ban list by the stock exchange for Monday. 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.

air pollution mitigation, the use cases for AI in governance are endless. New Delhi plans to use AI to synchronise traffic signals so that there’s less congestion. Tamil Nadu expects to roll out a system of smart street monitoring to detect street light failures in real time.

₹10 lakh on a seemingly safe asset, i.e., invoice discounting. She has a finance background and is unlike most retail investors who do not understand the risks of exotic financial products. She had invested via an online platform towards discounting an invoice payable by a leading e-commerce company.

Star Trek: Strange New Worlds are eagerly awaiting the resolution of the intense cliffhanger that concluded the show's second season. The Enterprise crew, led by Pike, encountered the hostile Gorn aliens responsible for attacking a colony and destroying Pike's girlfriend's starship. The survivors, including Pike's girlfriend, were abducted by the Gorn. The fate of the crew and Pike's next move remained uncertain at the end of the season.

Droupadi Murmu at Garden Reach Shipbuilders and Engineers Limited in Kolkata this Thursday, the Ministry of Defence said in a release today. Vindhyagiri, named after the mountain range in Karnataka, is the sixth ship of the Project 17A Frigates. These warships are follow-ons of the Project 17 Class Frigates (Shivalik Class), with improved stealth features, advanced weapons and sensors and platform management systems.

COVID pandemic has slow down due to weak export demand from key trade partners and ongoing turmoil in its property market.

personal loans that had been tied to the stock price, but they sank further after IEP reported disappointing second-quarter earnings earlier this month and cut its dividend in half. Icahn, who has called Hindenburg’s report “misleading and self-serving," issued a rare mea culpa in a letter accompanying the results.

Netweb Technologies on Sunday reported a profit after tax of Rs 5.1 crore for the June quarter of the financial year 2023-24. This is a decline of 9.2% from Rs 5.6 crore clocked in the corresponding quarter of last year. On a quarter-to-quarter (QoQ) basis, Netweb Technologies posted a 51.6% decline in profit after tax at Rs 5.1 crore in Q1 FY24 compared to Rs 10.5 crore in Q4 FY23.

open for subscription on 18 August with a fixed price band of ₹151-166 per share with a bid for a minimum of 90 shares in a lot. The anchor investor allocation will be conducted for a day on 17 August. The packaging company is aiming to raise around ₹139 crore to ₹150 crore through a fresh issue of 55 lakh shares and an offer-for-sale of 32.7 lakh shares.

corporate actions scheduled for this week. Coal India, ONGC, IRCTC, Jindal Steel & Power, Eicher Motors, and Hindalco will trade ex-dividend, while Avantel and Shree Oswal Seeds and Chemicals will ex-split this week.

The jobs portal saw a 58% year-on-year increase in the number of registrations from such women in the first quarter. It also recorded a 65% increase in total registrations from tier II-III towns during the period. A combination of reasons such as several flexible work options, dedicated returnee programmes and recruitment drives by companies, and a proactive engagement by enterprises with talent from this cohort, is encouraging this trend, said experts.

₹10 to ₹2. EFC Ltd will also declare a stock split on August 18 from ₹10 to ₹2. CL Educate will declare buyback of shares on August 14 and Control Prints will declare the same on August 18.

₹343 crore during Q1 from ₹297.6 crore during the corresponding quarter last fiscal. The revenue from operations of the RVNL jumped 20% year-on-year to ₹4,640.7 crore from ₹5,571.5 crore during Q1FY23. Sequentially, the net profit of the company plunged 4% at it stood ₹359.3 crore during the quarter ending March 2023.

Pakistan after the Partition, suddenly came to form nearly one-third of the city's population. From Shahjahanabad of Mughal influence, Delhi became a city of Punjabis. Brij Krishnan Chandiwala, a noted Congressman, once wrote to Jawaharlal Nehru about the growing Punjabi population in New Delhi after the Partition, and his concern regarding these outsiders outnumbering the natives of the city, mentions architect and urban designer Prerna Chatterjee in a research paper. “The people of Delhi are living a life of helplessness… They have on their own wiped out their exclusive identity forever… The Delhi residents have become strangers in their own house,” Chandiwala wrote. Nehru wrote back: “Some of the complaints you make are the unfortunate consequences of the Partition…. But Delhi has also become a cosmopolitan city with a large number of foreigners here…” Chandiwalla reacted to this statement, considering the uncertain future these foreign intermixes may call for: “… In this city everyone who resides has come from somewhere else. And over the years they became part of this city. I believe even these people (Punjabi refugees) will one day start identifying their selves as belonging to the city.” Punjabi refugees from Pakistan not only ended up identifying themselves with Delhi but also made Delhi identify with them. The names of many colonies in Delhi such as Kohat Enclave, Mianwali Nagar and Gujranwala Town bear Pakistani imprint, the names of their birthplaces the refugees brought with them. More than Delhi shaping them, they shaped Delhi, because much of the Delhi you notice today is the result of the sweat and spirit of refugee entrepreneurs.

FTX founder Sam Bankman-Fried left a federal courtroom in handcuffs Friday when a judge revoked his bail after concluding that the fallen cryptocurrency wiz had repeatedly tried to influence witnesses against him. Bankman-Fried drooped his head as Judge Lewis A. Kaplan explained at length why he believed the California man had repeatedly pushed the boundaries of his $250 million bail package to a point that Kaplan could no longer ensure the protection of the community, including prosecutors' witnesses, unless the 31-year-old was behind bars. After the hearing ended, Bankman-Fried took off his suit jacket and tie and turned his watch and other personal belongings over to his lawyers. The clanging of handcuffs could be heard as his hands were cuffed in front of him. He was then led out of the courtroom by U.S. marshals. It was a spectacular fall for a man who prosecutors say portrayed himself as «a savior of the cryptocurrency industry» as he testified before Congress and hired celebrities including Larry David, Tom Brady and Stephen Curry to promote his businesses.

Central Bank Digital Currencies (CBDCs).Understanding CBDCs CBDCs are digital representations of a nation's fiat currency and are issued and regulated by the central bank. Unlike decentralized crypto assets like Bitcoin, CBDCs are under the direct control of the issuing authority. This allows them to maintain their role in monetary policy, currency stability, and financial regulation. Governments have various motivations for exploring CBDCs. One significant reason is the modernization of payment systems. Traditional cash transactions are giving way to digital alternatives, and CBDCs offer a secure and efficient means for central banks to oversee these transactions, thereby reducing reliance on physical cash.