Enterprise Financial News

19.07 / 18:51

Citi Digital Waters Enterprise Discover awards film New Dharavi will produce many millionaires, no slumdogs: Gautam Adani

Gautam Adani said he intends to not only transform Mumbai's Dharavi into a modern city centre but also preserve and promote the local micro enterprises and small industries. The Adani Group has recently been awarded the ambitious project to redevelop 645 acres of Dharavi — one of Asia's largest urban slum clusters in the heart of Mumbai city.

19.07 / 17:41

UPS Citi IPO Enterprise Parke awards Governments in China are Propping Up Hong Kong’s Ailing IPO Market

Chinese companies wanting to go public in Hong Kong have had a hard time getting international investors to buy their shares. Local governments in China are stepping up to help fill the void—and seeking more in return. Listings in Hong Kong raised just $2.6 billion this year, down 47% from the same period last year and far below 2021 levels, according to Dealogic.

19.07 / 17:41

COST UPS Strategy Enterprise performer Understanding the risks in AIFs and PMS investments

Mint that its fund generated a 6% annual return for its investors. ICICI AMC told Mint that it is looking to liquidate its remaining investment in the fund by next March, in line with AIF regulations. Market regulator Sebi allows one additional year post the expiration of the term to liquidate assets and make distributions to investors.

19.07 / 17:41

COST Citi Provident Digital Strategy Enterprise country Centre ‘Doubling data centre capacity’

New Delhi/Bengaluru NTT Ltd, which merged its data centre and information technology (IT) services divisions last October, is bullish on India, having announced a five-year, $2.5 billion investment in January to build data centres in Maharashtra. In a recent interview, Abhijit Dubey, global chief executive NTT, and NTT India CEO, Avinash Joshi, shared the company’s roadmap while explaining why India is NTT’s largest employee base outside its home turf of Japan, and how artificial intelligence (AI) will influence demand for data centres, among other things. Edited excerpts: What is the extent of operations for NTT in India? Dubey: We have about 40,000 employees in India, and it’s the largest outside NTT’s home base in Japan.

19.07 / 16:45

UPS Digital Enterprise Nano country social businesses Three small but effective ideas to help small businesses

The youth should aspire to be job givers, not just job seekers. Who gave this clarion call? Most would guess that it was our Prime Minister, during his electoral campaign of 2014. But it was not just him.

19.07 / 15:19

COST UPS Provident Digital Platform Enterprise Tata Communications Q1: Net profit down 30% YoY, revenue up 11%

Tata Communications reported a 29.8% dip in net profit on-year to Rs 382 crore for the first quarter led by cost pressures and change in business mix, the company said Wednesday. The pressure on profits was led by a higher mix of digital portfolio of services instead of core connectivity solutions, AS Lakshminarayanan, managing director at Tata Communications, told ET. Speaking about the general investment sentiments, Laxminarayan said that barring the India market, there is a level of caution across the board.

19.07 / 09:59

Digital Enterprise TCS Deal TCS wins deal from GE HealthCare

Tata Consultancy Services said on Wednesday that it has won a deal from GE HealthCare, extending a long partnership with the company to transform the latter’s IT operating model. Deal financials were not disclosed.

19.07 / 09:19

Provident AXY Enterprise Axis Bank, Britannia Industries among 10 Nifty50 stocks with Golden Crossover pattern. Know what it signifies?

Golden Crossover is, its significance in assessing stock movement, and analyze the ten selected stocks, providing valuable insights for potential investors. The Golden Crossover is a key technical pattern that occurs when a stock's short-term moving average crosses above its long-term moving average. The most commonly used moving averages in this context are the 50-day simple moving average (SMA) and the 200-day SMA.

19.07 / 08:29

UPS Target Gap Enterprise track India to stick to fiscal prudence despite threats from disinvestment and weather hindrances

budget deficit target for this fiscal year is very slim at the moment despite weather hindrances, divestment revenue risks and meek corporate tax collections, thanks to support from the central bank, economists said. “The government has clearly got a much better dividend from the Reserve Bank of India,” Upasna Bhardwaj, Senior Economist, Kotak Mahindra Bank, told ET Online.

19.07 / 07:53

UPS Provident Enterprise ANZ voice Takeover Brookfield Alinta cites ‘discrimination’ concerns in Brookfield/Origin takeover

Electricity generator and retailer Alinta Energy has told the competition regulator that the takeover of Origin Energy’s markets business by Canadian giant Brookfield could lead to discrimination against Origin’s competitors when negotiating to connect new renewable projects to the grid.

19.07 / 06:03

Lowe's Enterprise NIFTY Shares of Zee Ent. rise as Nifty drops

Zee Entertainment Enterprises Ltd. gained 0.18 per cent to Rs 224.45 in Wednesday's trade as of 11:18AM (IST). It hit a high of Rs 229.15 and low of Rs 223.8 during the session.

19.07 / 02:35

COST Microsoft Google Software Enterprise Microsoft to charge more for AI in office, secure Bing from leaks

Microsoft on Tuesday said it would charge at least 53% more to access new artificial intelligence features in its widely used office software, in a glimpse at the windfall it hopes to reap from the technology. The company also said it would make a more secure version of its Bing search engine available immediately to businesses, aiming to address their data-protection concerns, grow their interest in AI and compete more with Google. At its virtual Inspire conference, the company said customers would pay $30 per user, per month for its AI copilot in Microsoft 365, which promises to draft emails in Outlook, pen documents in Word and make virtually all an employee's data accessible via the prompt of a chatbot.

19.07 / 02:05

UPS Citi FIVE Manufacturing Platform Enterprise services Stocks to Watch: IndusInd Bank, Adani Transmission, Vedanta, L&T Tech Services, ICICI Lombard

IndusInd Bank: The private lender's net profit rose by 32.5% year-on-year to 21.24 billion rupees. IndusInd Bank witnessed a 22% year-on-year growth in advances, coupled with a 15% increase in deposits. The loan growth was supported by retail deposit growth of 21% YoY and overall deposit growth of 15%.

18.07 / 19:51

COST Lowe's Booking Assurant Enterprise Gautam Adani assures focus on governance at shareholder meet

MUMBAI : Billionaire Gautam Adani emphasized his group’s commitment to improving governance standards during Adani Enterprises Ltd’s (AEL’s) first shareholder meeting after allegations of stock manipulation and accounting fraud made by US-based short-seller Hindenburg Research earlier this year. “It is my commitment that we will continue to strive to keep improving these (governance standards) every single day," he told shareholders at AEL’s 31st annual general meeting (AGM) while sounding upbeat about the conglomerate’s growth prospects amid India’s ambitious infrastructure spending plan and economic resilience.

18.07 / 18:03

UPS Enterprise EU’s new subsidy rule could hit India’s PLI

India’s exports to the European Union (EU) and the country’s flagship production-linked incentive (PLI) scheme could attract a higher degree of scrutiny in the EU after the world’s largest trading bloc came out with a regulation prohibiting foreign subsidies that distort competition, the Global Trade Research Initiative (GTRI), a New Delhi-based think tank, said in a report. The new Foreign Subsidies Regulation is among a series of regulatory changes by the EU that may disrupt trade, and minimizing the impact of such regulation is crucial for India as the 27-member bloc is one of its largest export markets.

18.07 / 14:55

Enterprise boost Adani Ports aims to boost cargo volumes to 1 billion tonnes by 2030

₹1.57 trillion, will gradually build its port interests outside India, said Karan Adani. However, he noted that investments outside India are more likely to be in operational ports and with a limited equity exposure.

18.07 / 13:49

UPS FIVE VISA Enterprise index Henley Passport Index 2023: Singapore passport is world’s most powerful, replacing Japan

The updated 2023 Henley Passport Index Tuesday placed Singapore as the world's most powerful passport with visa-free access to 192 travel destinations out of 227 around the world. Three European countries Germany, Italy, and Spain move up one slot with 190 visa-free destinations and shared the second place. Japan has been knocked off the top spot for the first time in five years and slipped to third place as the number of destinations its passport can access without a visa fell to 189.

18.07 / 12:47

UPS Enterprise EUR EUs new subsidy regulation could hit India’s PLI scheme, exports: GTRI

New Delhi; India’s exports to the European Union (EU) and the flagship production linked incentive scheme could attract higher degree of scrutiny after the world's largest trading bloc came out with a regulation that prohibits foreign subsidies which distorts competition, Global Trade Research Initiative (GTRI) said in a report. The new "Foreign Subsidies Regulation" is among the barrage of regulatory changes enforced by the EU that is feared will disrupt trade.

18.07 / 12:43

COST Provident Oracle Enterprise NVIDIA Coherent generative AI McKinsey partners with startup Cohere to help clients adopt generative AI

McKinsey said it had struck a partnership with artificial intelligence startup Cohere in an effort to provide AI solutions to its enterprise clients. This is the first partnership with a large language model provider that McKinsey has announced as it joins other global consulting firms to tap into the global AI frenzy kicked off by the popular Microsoft-backed OpenAI's ChatGPT. «We are seeing our clients consider cost, IP protection and consumer privacy, and how the model is trained.

18.07 / 10:47

Blockchain Ethereum Provident Lowe's Platform Enterprise Bitcoin Top Alternatives to Bitcoin - Zilliqa (ZIL), Tradecurve (TCRV) and Chainlink (LINK)

In this story, we explore three top alternatives to Bitcoin: Zilliqa (ZIL), Chainlink (LINK), and Tradecurve (TCRV). These coins have captured attention with their unique features, strong fundamentals, and growth potential. Let's dive into the critical aspects of each coin and why they present exciting investment opportunities in the coming year.

18.07 / 10:47

Enterprise ITC, Bharti Airtel among 10 stocks with Golden Crossover pattern. Know what it signifies?

The Golden Crossover is a bullish technical pattern that occurs when a stock's short-term moving average crosses above its long-term moving average. In particular, it refers to the 50-day simple moving average (SMA) crossing above the 200-day SMA. This crossover signifies a shift in the stock's momentum from bearish to bullish, indicating potential upward price movement.

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