Enterprise Financial News
09.08 / 01:51
UPS
Aware
Action
Strategy
Enterprise
stage
Joint Venture
stake
Adani Group weighs stake sale in FMCG joint venture with Wilmar
Adani Group is in early stages of exploring a stake sale in its fast-moving consumer goods (FMCG) joint venture Adani Wilmar Ltd, said sources aware of the development. The move is in line with the conglomerate's recent efforts to focus on core business areas and derisk its balance sheets by way of stake sales and accelerated loan repayments. The 50:50 joint venture (JV) between Adani and Wilmar was set up in 1999.
09.08 / 01:11
UPS
Provident
Target
Enterprise
NIFTY
SENSEX
Day trading guide for today: Six buy or sell stocks for Wednesday —August 9
Day trading guide for today: Domestic equity benchmarks Sensex and Nifty ended lower during Tuesday’s session on weak global cues, even as the second-rung midcap and smallcap indices scored gains during the session. China's weak economic data weighed on the overall sentiment in a sign of sluggish post-COVID recovery. Sensex opened 95 points higher at 66,048.81 against the previous close of 65,953.48 but failed to hold altitude, falling about 201 points to hit the intraday low of 65,752.63.
08.08 / 22:43
Booking
Entertainment
Software
Enterprise
Take-Two
pop
MICRO
Stocks making the biggest moves after hours: Penn Entertainment, Super Micro Computer, Rivian and more
Check out the companies making headlines after hours.
08.08 / 19:31
MET
Enterprise
Metro
Vodafone
band
NOT
Vi, Adani data networks may not get exemptions over 5G rollout
Vodafone Idea (Vi) and Adani Data Networks are unlikely to be given any extension or exemption from meeting the minimum rollout obligations related to 5G airwaves in the mid band (3300-3600 MHz) and 26 GHz bands and may need to pay financial penalties for the circles that they don't meet the milestones. As per officials, the two firms had sought relaxations for meeting 5G minimum roll out norms.
08.08 / 17:21
UPS
FIVE
Enterprise
stage
Adani Enterprises weighs exiting $6 billion Wilmar venture
Adani Enterprises Ltd. is exploring selling its stake in its Mumbai-listed consumer-staple joint venture with Wilmar International Ltd., freeing up capital for their core business, according to people familiar with the matter. The conglomerate has been considering a potential sale of its 44% stake in Adani Wilmar Ltd.
08.08 / 15:23
IPO
Provident
Platform
Enterprise
band
show
Sangani Hospitals IPO subscribed 4.54 times on last day of issue, QIBs bid highest; check GMP and other details
Sangani Hospitals IPO: The initial public offering (IPO) of Sangani Hospitals was subscribed 4.54 times on the third and last day of its issue, according to subscription data on the stock exchanges. The Gujarat-based multi-specialty healthcare services provider's IPO opened for subscription on August 4 and closed on August 8. Sangani Hospitals IPO is an SME IPO that will list on NSE Emerge, a platform for small and medium enterprises (SME).
08.08 / 13:49
Blockchain
UPS
IPO
Booking
Enterprise
band
Yudiz Solutions IPO: GMP, subscription status on day 3, and other key details
₹162 to ₹165 per equity share and the Yudiz Solutions shares will be listed on the NSE SME exchange Thursday, 17 August. Yudiz Solutions IPO plans to raise raise ₹44.84 crore via the IPO. The blockchain, AI and gaming focused enterprise solutions technology company, will offload a public issue consisting of a fresh 27,17,600 equity shares of the face value of ₹10.
08.08 / 13:28
Enterprise
SPJIMR's autumn internship: Students receive 340 offers with a record average stipend of Rs 3.15 lakh
Bharatiya Vidya Bhavan's S.P. Jain Institute of Management and Research (SPJIMR)'s PGDM and PGDM(BM) 2024 cohort, comprising 295 students, have bagged autumn internship offers, with an average stipend of Rs 3.15 lakh for two months. The batch received 340 offers from 53 companies, with FMCG enterprises leading the way, closely followed by Consulting firms.
08.08 / 12:53
Provident
Art
Aware
Manufacturing
Enterprise
social
classical
Silk Lehengas: Embracing Sustainable Fashion Choices
Silk lehengas are one of the eco-friendly options that are gaining favour. This article delves into the eco-friendliness of silk fabric, its environmental benefits, the significance of supporting artisan communities, upcycling and circular fashion, ethical fashion brands, the trend of using vintage and second-hand silk lehengas, the allure of DIY and handcrafted pieces, and responsible shopping habits. Brides may help the environment and the communities involved in this business by wearing silk lehengas and practising conscious consumption.
08.08 / 12:29
Enterprise
NIFTY
SENSEX
Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index ended the session 26.45 points down at 19570.85, while BSE Sensex fell 106.98 points to 65846.5. In the Nifty index, Hero MotoCorp Ltd.(up 3.82 per cent), SBI Life Insurance Company Ltd.(up 3.59 per cent), Cipla Ltd.(up 3.50 per cent), Tech Mahindra Ltd.(up 1.84 per cent) and Wipro Ltd.(up 1.26 per cent) stood among the top gainers.
08.08 / 10:55
COST
Provident
Platform
Enterprise
voice
Airtel exploring offering CPAAS platform in overseas markets
Bharti Airtel, India's second largest telco, is exploring offering its communication as a service (CPaaS) platform to telcos outside of India, in a bid to tap into the strong revenue potential of the growing business. Over the past few years, the telco has been building its own suite of CPaaS products and looks to disrupt sectors like banking, ecommerce, travel, and shopping in India, eyeing a share of the rapidly growing market. “Size of the prize on CPaaS is huge.
08.08 / 08:25
IPO
Target
Career
Platform
Enterprise
show
China’s stimulus plans won’t work – and that’s bad news for us
Analysts are slashing their forecasts for iron ore prices – Australia’s most lucrative export – as it becomes increasingly clear that Beijing is struggling to revitalise its frail economy.
08.08 / 07:51
Digital
Cooper
Citizens
Enterprise
country
boost
India to launch BRICS Startup Forum to boost startups, investors, incubators: Goyal
New Delhi: India is all set to initiate the BRICS Startup Forum in 2023 with the objective of promoting collaboration and knowledge sharing among startups, investors, incubators, and emerging entrepreneurs, said commerce and industry minister Piyush Goyal, during the virtual “7th BRICS Industry Ministers’ meeting," hosted by South Africa as the Chair. The minister while highlighting the transformation that has taken place in India, also commented on the expanding Startup India initiative that has led to the creation of nearly 100,000 startups in the country.
08.08 / 07:49
UPS
Provident
Platform
MasterCard
Enterprise
open
Open banking provides unique opportunities for small business
A new paradigm in financial services called open banking is improving the lives of small business owners and their customers. It is making it easier for small firms to win new customers, run their operations and manage their finances.
08.08 / 06:05
COST
UPS
Provident
Digital
Platform
Enterprise
country
Processing over Rs 18,000 cr in payables, how Cashflo used AI in one of the most stressful, error-prone business tasks
accounts payable (AP) function. Other than posing challenges for AP teams, this can also negatively impact decision-making processes at companies, which can have a bearing on their growth trajectory, says Ankur Bhageria, Founder-CEO, CashFlo. Bagheria’s CashFlo is among the companies working towards tackling these challenges and also helping them and their supply chains to grow faster by providing easy and fair access to liquidity.
08.08 / 04:05
Digital
PayPal
Platform
Enterprise
Bitcoin
rock
Backed
PayPal debuts US dollar-backed stablecoin for payments
PayPal on Monday launched a stablecoin digital currency backed by US dollars to be used for transactions at its global online payments platform. PayPal USD is issued by Paxos Trust Company and backed by dollar deposits and similar cash holdings, the online payments giant said in a release. It comes as the cryptocurrency industry is suffering hard times after the spectacular collapse of FTX and various legal cases against the sector's biggest players. As the biggest cryptocurrencies are famously volatile, entrepreneurs invented a theoretically more reliable alternative known as stablecoins.
08.08 / 03:21
UPS
Target
FIVE
Enterprise
NIFTY
band
Day trading guide for today: Five stocks to buy or sell on Tuesday — August 8
Day trading guide for today: Amid mixed global market cues, Indian stock market ended higher for second straight session on Monday. NSE Nifty added 80 points and closed at 19,597 levels while BSE Sensex shot up 232 points and ended at 65,953 mark. However, Bank Nifty shed 42 points and closed at 44,837 levels.
08.08 / 03:21
Enterprise
performer
sfb
Q1 results today: Adani Ports, Coal India to Utkarsh SFB — 87 companies to declare Q1 results 2023
Q1 results today: Amid trend reversal at Indian stock market, stock market experts are advising intraday traders and positional investors to remain vigilant about the quarterly earnings for the financial year 2023-24. They said that Q1 results 2023 would help an investor understand the fundamental status of the company with more clarity as companies declare their earnings expected for medium to long term as well while announcing their quarterly results. For such investors and traders, there is a piece of stock market news.
08.08 / 03:05
Aviat
Airlines
Enterprise
country
Deal
National
Pakistan to privatise loss-making national airline; govt plans to outsource airport operations in line with IMF deal
Pakistan plans to privatise its loss-making national carrier Pakistan International Airlines, the government said on Monday, as the country also seeks to outsource its airport operations in line with an IMF deal. The privatisation decision was taken at a meeting of the Cabinet Committee of Privatisation chaired by Finance Minister Ishaq Dar.
08.08 / 01:13
UPS
IPO
Enterprise
Metro
Matrix
star
Concord
Another Jhunjhunwala long bet blooms with Concord Biotech offer
Concord Biotech launched its IPO Friday, joining the ranks of the late billionaire's other private investment portfolio companies such as Star Health, Metro Brands and Nazara Technologies that have gone public in the past couple of years. The ace investor often called India's Warren Buffet, first invested in Concord in 2004 and later helped the company's founder in buying back the company from pharma major Mylan in 2009.
08.08 / 00:13
UPS
FIVE
Enterprise
L’Oréal
Deal
Zimmermann valued at $1.5b in Advent deal
Private equity firm Advent International is nearing a deal to acquire Zimmermann in a transaction valuing the Australian fashion brand at about $1 billion ($1.5 billion), people familiar with the matter said.
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