Enterprise Financial News

Zee Entertainment Enterprises Ltd., has announced the direct-to-digital release of Haddi directed by Akshat Ajay Sharma, and starring Nawazuddin Siddiqui and Anurag Kashyap in lead roles along with Ila Arun, Mohammed Zeeshan Ayyub, Saurabh Sachdeva, Shridhar Dubey, Rajesh Kumar, Vipin Sharma, and Saharsh Shukla in supporting roles. It has been produced by Zee Studios, Sanjay Saha and Radhika Nanda’s – Anandita Studios. “At ZEE5, we constantly strive to live up to our consumer's expectations.

Zee Entertainment Enterprises Ltd. The move paves way for the merger of two of India’s largest media and entertainment companies. With this, the two companies have received all the regulatory approvals needed for the merger.

Shoora Designs IPO: Shoora Designs IPO opens for subscription on Thursday, August 17, and closes on Monday, August 21. The small-to-medium enterprises (SME) IPO is a fixed price issue and the total issue size is ₹2.03 crore. Shoora Designs IPO is a fresh issue comprising 4,23,000 equity shares of the face value of ₹10, aggregating upto ₹2.03 crore.

Apollo Hospitals Enterprises on Friday reported a 47% year-on-year (YoY) decline in net profit to Rs 167 crore for Q1FY24. The net profit was pulled down by Apollo Healthco's digital health platform 24x7 that reported a loss of Rs 83 crore. Apollo said Healthco is on track for break even in Q4 FY24.

Coffee Day Enterprises Ltd (CDEL) after it was challenged by the promoter, Malavika Hedge, that default occurred during the «calm period» amid the global pandemic in March 2020 when lenders were barred from approaching the National Company Law Tribunal (NCLT) for default on loans. The government prohibited lenders from filing insolvency against companies for the default that occurred for a year starting from March 25, 2020, due to the spread of Covid-19. On July 20 2023, the Bangalore NCLT admitted CDEL for corporate insolvency on a petition filed by IndusInd Bank,as first reported by ET on July 24.

Within this context, identifying the top web development companies in India becomes a complex yet vital task. The criteria stretch beyond mere technical proficiency, encompassing factors such as customer satisfaction, creativity, adherence to deadlines, and the ability to adapt to ever-changing technological trends. In the continuous quest to navigate the intricate web of the development industry, the following names have emerged as the cream of the crop in India's web development scene.

Rajendra Singh Pawar, Chairman, NIIT Group, says the training industry has managed the hiring shock from the IT industry well. “The banking side is doing well. That is not as challenged as IT hiring is.

Deloitte Haskins & Sells LLP is likely to resign as the auditor of Adani Port & SEZ citing difference of opinion with the management relating to few transactions, said multiple people aware of the development. The formal announcement of resignation is expected in a few days, said a person familiar with the development on the basis of anonymity as talks are private. Deloitte Haskins has been auditing the company since FY18, when it took over from SRBC & Co LLP, an EY affiliate.

Golden Crossover is, its significance in assessing stock movements, and explore ten stocks that have recently witnessed this auspicious pattern. As the market evolves, understanding such patterns can provide investors with valuable insights for their decision-making process. The Golden Crossover is a technical pattern that occurs when a shorter-term moving average crosses above a longer-term moving average.

Adani Ports and SEZ and Adani Airport Holdings, the two Adani Group companies are in talks with merchant bankers to raise upto ₹1,500 crore each through local currency bonds, Reuters reported. These two companies are likely to be the first in Adani Group to tap the bond market as a part of the billionaire Gautam Adani led-ports-to-power conglomerate’s plan to raise ₹10,000 crore in FY24, the Reuters report added quoting a company official and bankers.

ITC Ltd on Friday said that a progressive policy environment coupled with favourable demographics has helped turn the spotlight on India. “The progressive policy environment together with favourable demographics and India’s growing stature on the world stage, has led to heightened interest in leveraging India as a global hub for manufacturing, services and exports.

IndusInd Bank, the financial creditor whose application the NCLT order was based on has also received notice at the same time. The interim order stay has been passed Friday morning. "Since, we have found that there are arguable points involved in this appeal, therefore, we issue a formal notice to the Respondents who is already on caveat, enabling it to file its reply.

BEIJING — Chinese tech giant Huawei on Friday reported 2.2% year-on-year growth in its consumer business revenue for the first half of the year.

Zee Entertainment Enterprises Ltd. traded at Rs 274.1 on BSE at 02:11PM (IST) on Friday, down 4.01 per cent from previous close. The scrip quoted a 52-week low price of Rs 172.25 and a high of Rs 288.9.

Adani group are in talks with merchant bankers to raise as much as Rs 1,500 crore ($181 million) each through local currency bonds as part of the ports-to-power conglomerate's aim to raise 100 billion rupees this financial year, a company official and three bankers said. The plans are part of the Adani group's tentative return to the local bond markets after a hiatus since January when U.S. short-seller Hindenberg Research raised governance concerns that led to a selloff in the group companies' stocks.

₹1,170 against the previous close of ₹1,134.60 and soon rose 4.6 per cent to the level of ₹1,186.70. The stock traded 3.11 per cent higher at ₹1,169.90 around 11:20 am.

Q1 results today: Indian stock market ended lower on Thursday after hawkish looking RBI MPC meeting outcome. Apart from this, US inflation data for the month of July 2023 went up but remained at moderate levels.

healthcare necessitated physical interactions between patients and clinicians. Over the years, the healthcare industry has evolved in leaps and bounds through cutting-edge innovations such as telemedicine, virtual reality (VR) enabled medical education, robotic surgeries, and so on. It is given that technology will continue to help healthcare push new frontiers, where the metaverse will play a key role in its transformation.

LICLife Insurance Corp's (LIC) standalone net profit rose multifold to Rs 9,544 crore for the quarter ended June.HeroHero MotoCorp reported a 32% growth in net profit for the quarter ended June to Rs 825 crore. Revenue from operations grew 4.5% YoY to Rs 8,767 crore.BioconBiocon reported net profit of Rs 101 crore in the June quarter.

LIC: State-run Life Insurance Corp of India (LIC) recorded a 14-fold year-on-year jump in net profit at ₹9,543.7 crore for the first quarter of FY24, even though the country's largest insurer has been witnessing a shrink in its market share in terms of new business premium. The super-normal growth in net profit is primarily attributed to a base effect and a change in accounting entry, involving a transfer of funds from non-participating policies to shareholders'' account as a part of accretion on the available solvency margin, according to a regulatory filing. Reliance Industries: The shares of the demerged Jio Financial Services (JFSL) have been credited to the demat account of eligible shareholders of billionaire Mukesh Ambani-led Reliance Industries Limited (RIL), reported Economic Times on 10 August.

automation software provider UiPath and the company is expanding the local team to meet business demand, said Rob Enslin, the US-based company’s co-CEO. In an exclusive interview with ET, Enslin said the company has seen demand for automation solutions remain consistent despite the larger uncertainty which has gripped technology investments. “Our workforce in India is quite large, with a significant amount of engineering taking place in the Bengaluru centre,” said Enslin.