Enterprise Financial News

03.08 / 16:43

Lowe's Enterprise NIFTY TCS SENSEX copper Hindustan Copper, 2 others placed under F&O ban on NSE for August 4; check details

Piramal Enterprises, Hindustan Copper, and Gujarat Narmada Valley Fertilizers And Chemicals Limited are the three stocks that are a part of the F&O ban list by the stock exchange for Friday. 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.

03.08 / 16:43

UPS Digital Strategy Mobile Enterprise Airtel Q1 profit below estimates; 5.6 million new 4G users sign up

MUMBAI : Bharti Airtel Ltd, India’s second largest telecom operator, reported a mixed set of first quarter numb-ers on Thursday, with revenue beating estimates even as profit came below expectations. The company reported a flat net profit of ₹1,612.5 crore in the first quarter of fiscal 2024 from ₹1,607 crore in the year ago. However, the company’s revenue from operations grew 14% to ₹37,440 crore compared to ₹32,804.6 crore in Q1 FY23.

03.08 / 15:45

Digital Citizens Aware CEO Enterprise Deloitte country Data protection bill will compel companies to review their current working ways, make investments in new processes: Experts

data protection bill will compel companies to review their current ways of working, make investments in new processes and sensitise workforce in handling of personal data, experts said on Thursday. The bill was introduced in Parliament on Thursday.

03.08 / 13:23

Digital Enterprise performer Q4 Airtel Q1 net profit flat on year; ARPU rises to Rs200 vs Rs193 in Q4

Airtel’s consolidated net profit for the fiscal first quarter rose around a modest 0.3% from a year earlier, supported by strong 4G user additions and data consumption growth, despite a currency devaluation in Nigeria. But net profit fell over 46% sequentially to Rs 1,612 crore, stung by losses suffered by Airtel’s Africa unit in the April-June period due to the Nigerian currency devaluation.

03.08 / 12:39

UPS Provident Digital Citizens Aware Enterprise country Explained: Digital Personal Data Protection bill tabled in Lok Sabha, here's what its all about

LiveMint, “The moment we have been waiting for the past few years has finally arrived! The much-anticipated privacy bill (referred to as Digital Personal Data Protection Bill, 2023), was tabled in the Parliament on Thursday, August 3rd, 2023. Once enacted, it will enable individuals (referred to as Data Principals) to govern their own personal (digital) data and will drive enterprises (referred to as Data Fiduciary) to process the personal data of individuals lawfully, for specific purposes only.

03.08 / 12:17

Enterprise Adani Enterprises Q1 results: Net profit grows 44% to ₹674 crore, revenue falls 38%

Adani Enterprises today announced its Q1 results with net profit growth of 44% year-on-year at ₹674 crore for the quarter ending June 2023. The company's revenue fell 38% YoY.

03.08 / 12:17

IPO Entertainment Enterprise band Sangani Hospitals IPO: Issue opens on August 4; Check price band, GMP, other key things to know

small and medium enterprises (SME). The IPO will remain open for public subscription till August 8. Check out key things to know about Sangani Hospitals IPO: Sangani Hospitals IPO Dates: Sangani Hospitals IPO opens for subscription on Friday, August 4, and will close on August 8, Tuesday.

03.08 / 11:49

UPS Remark Enterprise country Bharti Airtel's ARPU rises to Rs 200 in Q1FY24, up 9% YoY

Bharti Airtel says that it exited the quarter with an industry-high ARPU of Rs 200, compared to Rs 193 in Q4FY23 and Rs 183 in Q1FY23. «We continue to deliver industry leading ARPU along with growing average data usage per data customer at 21.1 GBs/month,» the company statement read.Bharti Enterprises chairman Sunil Mittal had earlier indicated that the average revenue per user (ARPU) needs to reach at least Rs 300, and prices are expected to increase with 5G but will still remain affordable.

03.08 / 11:05

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

The NSE Nifty index ended the session 144.9 points down at 19381.65, while BSE Sensex fell 542.1 points to 65240.68. In the Nifty index, Adani Enterprises Ltd.(up 2.39 per cent), Adani Ports & Special Economic Zone Ltd.(up 1.56 per cent), Eicher Motors Ltd.(up 1.41 per cent), Divi's Laboratories Ltd.(up 0.97 per cent) and Infosys Ltd.(up 0.55 per cent) stood among the top gainers.

03.08 / 10:39

COMPOSITE Enterprise NIFTY SENSEX Nestle Nikkei Top gainers, losers today: Infosys, Eicher Motors, Titan, ICICI Bank among most active stocks

BSE Sensex fell 0.82% to 65,240.68. Among the Nifty sectoral indices, only Nifty Media (up 0.93%), Nifty Pharma (up 0.98%), and Nifty Healthcare (up 0.60%) ended in green, while the others closed in red. Adani Enterprises Ltd, Adani Ports and Special Economic Zone Ltd, Eicher Motors Ltd, Divi's Laboratories Ltd, and Infosys Ltd were among the top gainers of Nifty.

03.08 / 09:35

Enterprise electronic Sanofi India, Bandhan Bank among 10 stocks with RSI trending down

Relative Strength Index (RSI), which helps investors gauge the momentum and strength of a stock's price movement. RSI is widely used by traders and analysts to identify potential entry or exit points in the market. Today, we delve into the significance of RSI and its application by examining the top 10 stocks that witnessed a decline in their RSI.

03.08 / 08:59

Entertainment Remark Enterprise Mercantile film performer PVR Inox, Laurus Labs among 5 stocks which crossed 200-day SMA

stock market continues to witness intriguing movements as some stocks have demonstrated remarkable growth by crossing their 200-day Simple Moving Average (SMA) on 1st August 2023. Companies like attanIndia Enterprises, PVR Inox, Laurus Labs, Tamilnad Mercantile Bank, and MAS Financial Services showcasing strong performance in their respective sectors. Let's explore the performance of these stocks.

03.08 / 08:59

COST UPS Target Manufacturing Enterprise country open After Sanghi Industries, Ambuja keeping its options open on acquiring other cement companies: Karan Adani

Karan Adani, Director, Ambuja Cements, says: “ We keep looking at opportunities. If it comes at the right price which is very strategic, we will keep our options open.” Coming to Sanghi Industries, with its location advantage and unique marine infrastructure, Adani says “the idea is that we want to make its Kachchh plant the lowest cost clinker production plant in the country and the target is to manufacture clinker at around Rs 1,500-1,600 per tonne.”Ambuja Cements has acquired a majority stake in cement maker Sanghi Industries at an enterprise value of Rs 5,000 crore. Can you explain the logic behind this move?First of all, there are a lot of location advantages in this transaction.

03.08 / 08:57

UPS Target CEO Enterprise stake Temasek to invest ₹1,200 crore in Mahindra Electric to acquire up to 3% stake

₹1,200 crore in its electric vehicle subsidiary Mahindra Electric Automobile Ltd (MAEL). The Indian auto major M&M and Singapore-headquartered Temasek have executed a binding agreement for the investment in the four-wheeler (4W) passenger electric vehicles company. Temasek Holdings will invest the money in the form of Compulsorily Convertible Preference Shares (CCPS) at a valuation of up to ₹80,580 crore.

03.08 / 05:35

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

The NSE Nifty index traded 50.45 points down at 19476.1, while BSE Sensex was down 199.91 points at 65582.87 as of 10:40AM(IST)on August 03. In the Nifty index, Sun Pharmaceutical Industries Ltd.(up 2.63 per cent), NTPC Ltd.(up 1.37 per cent), Adani Enterprises Ltd.(up 1.27 per cent), Dr.

03.08 / 04:51

UPS Lowe's Entertainment Enterprise NIFTY Zee Ent. shares up 1.33% as Nifty drops

Zee Entertainment Enterprises Ltd. gained 1.33 per cent to Rs 229.65 in Thursday's trade. It hit a high of Rs 232.4 and low of Rs 226.65 during the session.

03.08 / 04:09

UPS Provident Digital Platform Enterprise country Kenya suspends Worldcoin crypto over privacy concerns

crypto project that relies on an eye scan to verify a user's identity, citing concerns about data protection. Worldcoin, set up by OpenAI chief executive Sam Altman, began operating in June in Germany and provides users with a private digital identity — a "World ID" — after they get their eye's unique iris pattern scanned. The project, according to its founders, aims to solve one of the main challenges facing the crypto industry that largely relies on pseudonyms to operate, leaving it vulnerable to spam bots and scams. Users who registered with the project in Kenya were offered 25 free Worldcoin tokens worth about 7,000 shillings ($45), drawing thousands of people to multiple sign-up points in the capital Nairobi.

03.08 / 03:59

COST Target Manufacturing Landmark Gap Enterprise acquires Adani group company Ambuja Cements acquires Sanghi Industries at enterprise value of ₹5,000 crore. Shares rise

Adani group news: Ambuja Cements Ltd (ACL), a flagship Adani Group company, today announced the acquisition of Sanghi Industries Ltd (SIL) at an enterprise value of ₹5,000 crore. ACL will acquire 56.74 per cent shares of SIL from its existing promoter group, Ravi Sanghi & family. The acquisition will be fully funded through internal accruals.

03.08 / 03:59

UPS SUN Enterprise Fitch performer Power Q1 results today: Adani Enterprises, Adani Power, Sun Pharma to Zomato — 63 companies to declare Q1 results 2023

Q1 results today: Amid falling stock market due to weak global market cues after Fitch downgraded US credit rating from AAA+ to AAA, stock market experts are suggesting stock specific approach to intraday trading members. For long term investors too, Q1 results 2023 is an important trigger as it would help them understand the fundamentals of the company to find out quality stock at discounted levels.

03.08 / 03:43

COST Aware Racing Enterprise Adani’s Ambuja-ACC reaches agreement to buy Sanghi Cements

Adani group’s Ambuja-ACC has reached an agreement to acquire Sanghi Cements after deal negotiations moved forward over the course of the past one week and the Adani group companies proposed better acquisition terms and speedy deal closure, according to people aware of the matter. Ambuja-ACC and JK Lakshmi Cement are leading the race to acquire Ahmedabad-based Sanghi Cement, ET had first reported on 25 July. As per sources aware of the matter, Adani group has come close to the expected enterprise value of Rs.

03.08 / 03:17

UPS Provident Digital Enterprise TCS Accenture 2024 Cognizant projects revenue above estimates, CFO to retire in 2024

Cognizant Technology Solutions forecast third-quarter revenue above estimates on Wednesday as more businesses turn to the IT services provider to digitize their operations, sending its shares up more than 6% after the bell. The company also said CFO Jan Siegmund would retire in early 2024.

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