Enterprise Financial News

10.08 / 04:01

UPS Digital Platform Action Enterprise electronic Early-stage VC fund Antler India launches ONDC-focused platform for founders with FIDE, Nandan Nilekani

Antler India on Wednesday announced a platform to support and fund founders working with the government-backed Open Network for Digital Commerce (ONDC). The platform, touted as the country’s first ONDC platform, was launched in partnership with ONDC, the Foundation for Interoperability in Digital Economy (FIDE), and Infosys chairman Nandan Nilekani.

10.08 / 04:01

UPS Target Cooper Software Enterprise country US President US president Joe Biden orders ban on certain US tech investments in China

Joe Biden on Wednesday signed an executive order that will prohibit some new US investment in China in sensitive technologies like computer chips and require government notification in other tech sectors. The long-awaited order authorizes the US Treasury secretary to prohibit or restrict US investments in Chinese entities in three sectors: semiconductors and microelectronics, quantum information technologies and certain artificial intelligence systems.

10.08 / 02:39

UPS Target Reuters Cooper Enterprise country Joe Biden announces ban on US investments in China's tech sectors

Joe Biden on Wednesday signed an executive order to ban some new US investments in China like computer chips, leading to the requirement of government notification in other tech sectors, according to a report published by Reuters. The long-awaited order has restricted the US investments in Chinese entities in three sectors — semiconductors and microelectronics, quantum information technologies and certain artificial intelligence systems.

09.08 / 18:31

Booking Platform Entertainment Software Enterprise Akamai Stocks making the biggest moves midday: Roblox, Penn Entertainment, Upstart and more

Check out the companies making headlines in midday trading.

09.08 / 18:21

UPS FIVE Platform Entertainment Enterprise show Zee Ent clocks Q1 net loss of ₹53 crore

Zee Entertainment Enterprises Ltd posted a net loss of ₹53 crore in the first quarter of FY24 compared to a profit of ₹107 crore a year ago. Consolidated revenue increased 7.6% year-on-year from ₹1,843 crore to ₹1,983 crore.

09.08 / 17:53

UPS Progressive CEO Strategy Enterprise performer Power Tata Power PAT up 29% in Q1

₹1,141 crore as compared to ₹884 crore during the same period last year. The company attributed its performance to sustained business growth across all clusters, but profits from its coal companies have reduced. “We have been able to get orders of 1,200 MW in Q1.

09.08 / 17:29

COST UPS Citi Provident Enterprise social Indigenous Opinion: Homeownership is critical to solving Indigenous housing crisis

Many Indigenous communities in Canada are in crisis because of a severe shortage of adequate housing. According to a forthcoming study by the Assembly of First Nations and Indigenous Services Canada, First Nations reserves require $135 billion to address this deficiency. And that doesn’t include housing shortfalls in Métis settlements and Inuit communities, which could push the total need much higher.

09.08 / 15:25

Digital Booking Platform Strategy Enterprise Paisabazaar operating revenue increases 59% in Q1 at Rs 134 crore

Paisabazaar, the credit arm of PB Fintech, on Wednesday said its operating revenue grew 59% on year to touch Rs 134 crore for the quarter ending June 30. This represented an 11% rise on a sequential basis, the company said.

09.08 / 15:01

COST UPS Provident Enterprise band Trans Indigenous stake Canada to sell Trans Mountain pipeline stake to Indigenous groups through special-purpose vehicle

Canada plans to sell a stake in the Trans Mountain oil pipeline to Indigenous groups through a special-purpose vehicle that will allow individual communities to buy into the enterprise.

09.08 / 13:05

COST UPS Entertainment Enterprise shootings Zee Enterprises Q1 Results: Firm posts Rs 53 crore-loss vs profit a year ago; revenue rises 8% YoY

Zee Entertainment Enterprises (ZEEL) on Wednesday reported a consolidated net loss of Rs 53.4 crore for the quarter ended June 2023, compared to a profit of Rs 107 crore a year ago. Consolidated revenue for the quarter increased 7.6% year-on-year (YoY) to Rs 1,984 crore. Sequentially though, the net loss narrowed from Rs 196 crore, while revenue declined 6%.

09.08 / 13:05

Waves Platform Action Software Enterprise Pinnacle Drag Edtech startup Saarthi, investors drag acquirer Classplus to court

Edtech startup Saarthi on Wednesday said it has taken legal action along with other investors against its acquirer Classplus on several charges including cheating, extortion, criminal breach of trust and misappropriation of funds. Classplus, a software-as-a-service (SaaS) platform for coaching institutes, had acquired Saarthi in late 2021, according to a statement. The deal went unannounced until now.

09.08 / 12:41

UPS Progressive CEO Strategy Enterprise performer Power Tata Power Q1 Results: Net profit rises 22.4% on year to ₹972.49 crore

Tata Power Ltd on Wednesday reported an 22.4% year-on-year rise in its consolidated net profit (profit attributable to owners of the company) for the fiscal's first quarter ended June (Q1FY24) to ₹972.49 crore. The company had reported a profit of ₹794.60 crore in the year-ago period. Sequentially, consolidated net profit was up 25% from ₹777.73 crore in Q4FY23.

09.08 / 12:01

UPS Enterprise NIFTY SENSEX Share market update: Most active stocks of the day in terms of traded value

The NSE Nifty index ended the session 61.7 points up at 19632.55, while BSE Sensex rose 149.31 points to 65995.81. In the Nifty index, Dr.

09.08 / 09:33

Enterprise Latin settlement These Latin American, African nations are next in line for India’s bilateral currency settlement drive

Also read: Will the rupee emerge as a global currency? During the Joint Trade Sub-Commission (JTSC) meeting held in New Delhi on August 8, India engaged in discussions regarding the possibility of establishing a bilateral currency trade settlement with Vietnam. Vietnam stands as India's fifth-largest trading partner within the Association of Southeast Asian Nations (ASEAN) region, contributing to 11.2 percent of India's overall trade with ASEAN in the fiscal year 2022-23.

09.08 / 05:49

Booking Enterprise Highways show International Ircon International shares jump 8% after Q1 profit rises 30% YoY

Ircon International jumped 8% to Rs 107.6 in Wednesday's trade on BSE after the firm reported a 29.6% year-on-year (YoY) rise in its consolidated net profit at Rs 187.4 crore for the first quarter ended June 30, 2023. In the corresponding quarter last year, Ircon International had posted a net profit of Rs 144.6 crore on a topline of Rs 2,001.9 crore. The infrastructure company reported a 35.7% on-year rise in its consolidated revenue from operations during the quarter to Rs 2,712.2 crore.

09.08 / 05:01

Entertainment Enterprise dividend Dividend stocks: Dreamfolks to declare dividend, Q1 results today

approve the proposal for dividend payment in its meeting scheduled today. In a BSE filing dated August 4, Dreamfolks informed that a meeting of the Board of Directors is scheduled to be held on 9th August 2023 to consider the proposal to declare an interim dividend to the equity shareholders."Pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, we hereby inform you that a meeting of the Board of Directors of Dreamfolks Services Limited ('the Company') is scheduled to be held on Wednesday, 9th August 2023 inter alia, to consider the proposal to declare an interim dividend to the equity shareholders." Dreamfolks Services will also announce its Q1 results today .

09.08 / 05:01

UPS Enterprise reports share price stake Adani Wilmar share price falls 5% amid reports of Adani Enterprises stake sale plan

Adani Wilmar share price fell almost 5 per cent while those of Adani Enterprises rose almost a per cent in early deals on BSE on Thursday amid reports that Gautam Adani-led Adani Enterprises is exploring selling its stake in Wilmar International Ltd. As per a Bloomberg report, Adani Enterprises has been considering a potential sale of its 44 per cent stake in Adani Wilmar for a few months. Gautam Adani and his family may retain a minority stake in a personal capacity following a sale, Bloomberg reported citing people.

09.08 / 04:57

Entertainment Strategy Enterprise show Zee Entertainment Enterprises: Bullish to sideways

By Sahil Swaroop The daily trend for Zee Entertainment Enterprises is bullish to sideways. The RSI for monthly is showing sideways momentum, however, the RSI for weekly and daily is showing bullish momentum.

09.08 / 03:43

Entertainment Enterprise AGRO Power Q1 results today: IRCTC, ZEE, Tata Power, Bharat Forge among stocks to declare Q1 results 2023

Zee Entertainment Enterprises, Tata Power Company, Bata India, Indian Railway Catering and Tourism Corporation, Berger Paints India, Bharat Forge, Trent, and Natco Pharma. Abbott India, Bajaj Consumer Care, Kalyan Jewellers India, Max Financial Services, PI Industries, Schneider Electric Infrastructure, Sula Vineyards, Sunteck Realty, Zuari Agro Chemicals, among others, will also declare their earnings for April-June 2023 quarter on Wednesday, August 9.

09.08 / 02:25

Enterprise International stake Gautam Adani's Adani Enterprises considers selling stake in Wilmar International: Report

Billionaire Gautam Adani-led Adani Enterprises is exploring selling its stake in Wilmar International Ltd, Bloomberg News reported.

09.08 / 02:25

UPS Enterprise Discover DISH Stocks to Watch: Coal India, Adani Ent, Happiest Minds, NTPC, Oberoi Hotels

Coal India: Coal India Limited posted a 10% year-on-year decline in net profit which stood at ₹7,941 crore during the quarter ending June 2023 down from ₹8,834 crore reported during the corresponding quarter last year. The net sales of the company grew marginally to ₹33,072.6 crore during the quarter under review from ₹32,497.9 during Q1FY23. Sequentially, Coal India's net profit jumped 43% from ₹5527.6 crore during the quarter ending March 2023.

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