Enterprise Financial News

18.07 / 10:43

COST Manufacturing Software Enterprise UBS Warning Ansell shares plummet on glove glut, earnings warning

Gloves maker Ansell has warned a glut of unsold products following the coronavirus pandemic has now spread to surgical items, causing distributors to cut back on their orders.

18.07 / 10:25

Lowe's Target Man Enterprise Forbes share price Low Adani Ent share price gains 146%, other Adani stocks gain 6-130% each since Jan low

Also Read: Adani Power to Adani Enterprises: Adani Group shares zoom after Gautam Adani's speech at AGM 2023 Since hitting their lows in February and March after the Hindenburg report was released, shares of Adani group companies have seen decent recovery, but are still way below the pre-Hindenburg saga levels. Adani Enterprises shares have recovered around 146%, while Adani Ports & SEZ shares have rallied 90% from their respective 52-week lows.

18.07 / 09:53

Enterprise TCS TCS, Escorts Kubota among 10 overbought stocks with RSI above 70

On July 17, Monday, StockEdge reported 27 stocks in the overbought zone with a bearish or declining RSI trend, and from that list, ETMarkets has carefully selected 10 stocks that warrant attention. RSI readings above 70 indicate overbought conditions, suggesting that the stock may be due for a correction. Conversely, readings below 30 indicate oversold conditions, indicating the stock may be undervalued and due for a potential rebound.

18.07 / 09:13

UPS IPO Target Align Enterprise On Hindenburg, Adani evokes 'matrubhumi', flaunts spunk and success

Gautam Adani, the chairman of Adani Group, evoked the motherland while speaking at the AGM of the group. The centerpiece of Adani's speech was his emphasis on how the group has recovered from the Hindenburg attack due to its inherent resilience, transparency and strong fundamentals. He conflated the resilience of his group with the resilience of India: «Along this journey, if there is one characteristic that has continued to define us – it has been our resilience.

18.07 / 08:35

UPS Enterprise GQG Partners doubles down bet on Adani Enterprises; stock price zooms 35% in 3 months

Adani Group’s flagship company Adani Enterprises for the second straight quarter in April-June, even though Hindenburg-report-led concerns did not settle completely. The cumulative holdings of FIIs in the company increased to 19.34% as of June-end, from 17.75% a quarter ago. In two quarters, their ownership has gone up by a whopping 395 basis points, thanks to further investments made by GQG Partners in the last quarter.

18.07 / 08:13

Digital Google Mobile Align Enterprise boost India seeks to relax data storage rules in boost for business

India plans to further relax its approach to data storage, processing and transfer beyond its borders, a boon for global companies such as Alphabet Inc.’s Google as well as Indian firms seeking growth abroad. A draft version of a new privacy bill allows companies to export data to any country except those specifically named by New Delhi, people familiar with the matter said, asking not to be named as the bill isn’t yet public. A previous draft released publicly in November, conversely, restricted the export of data to all regions except those named by the government.

18.07 / 07:57

COST UPS Provident Target Enterprise Adani Enterprises jumps 4% post AGM. 4 takeaways from Gautam Adani's speech

Adani Enterprises shares jumped nearly 4% in intra-day trade on Tuesday following Gautam Adani's address to the shareholders during the company's Annual General Meeting (AGM). Barring ACC, 8 Adani Group stocks — Adani Ports & Special Economic Zone, Adani Power, Adani Green Energy, Adani Transmission, Adani Total, Adani Wilmar, Ambuja Cements were trading in the black and gained up to 1.54% around the time of the speech.

18.07 / 06:07

UPS IPO Target Aware Platform Enterprise Adani Group AGM 2023: Gautam Adani takes a dig at Hindenberg research report. Read full text here

Dear Shareholders, When I founded the Adani Group over three decades back, I had never imagined that the Adani Group would grow to become one of the largest conglomerates in the country. It was on the 12th of September 1994 that Adani Enterprises, then known as Adani Exports, launched its IPO. I had just turned 32.

18.07 / 06:07

Lowe's Target Gap Enterprise Power Adani Power to Adani Enterprises: Adani Group shares zoom after Gautam Adani's speech at AGM 2023

Republic Day 2023. While speaking at the Adani Group AGM 2023, the Indian billionaire said that Hindenburg Research report was a combination of targeted misinformation and discredited allegations, the majority of them dating from 2004 to 2015. After this strong counter attack by Gautam Adani against the US-based short seller, Adani group shares witnessed huge buying interest during early morning deals on Tuesday.

18.07 / 04:25

COST UPS Enterprise Southern Sheela Foam to raise ₹1.5K cr to fund Kurlon, Furlenco buy

₹1,500 crore through a mix of debt and equity to fund the twin stake purchases in rival mattress maker Kurlon Enterprises Ltd and House of Kieraya Pvt. Ltd, the owner of furniture rental startup Furlenco, said senior company executives. “We will fund the acquisitions through the mixture of equity, debt and internal accruals," Sheela Foam chairman and managing director Rahul Gautam said in an interview on Monday.

18.07 / 04:09

Gap Enterprise Sheela Foam shares jump after Kurl-on acquisition. Stock rises 22% in two days

Stock market today: After announcement of acquiring Kurl-On and Furlenco Furniture, Sheela Foam shares have been in huge uptrend for the last two trade sessions. In last two sessions, Sheela Foam share price has surged from ₹1121.25 apiece on NSE to ₹1369.95 apiece levels, logging around 22 per cent rise in this time. Sheela Foam share price today opened with an upside gap and went on to hit intraday high of ₹1369.95 apiece on NSE, logging around 15 per cent rise within few minutes of stock market opening on Tuesday.

18.07 / 03:15

Binance Digital SEC CEO coinbase Remark Enterprise us house Coinbase CEO to meet US House Democrats on Wednesday

Coinbase Chief Executive Brian Armstrong will meet privately with a group of U.S. House of Representatives Democrats on Wednesday morning and plans to make remarks on the future of digital asset legislation. The meeting comes as Coinbase and Binance — two of the world's largest crypto exchanges — are grappling with lawsuits brought by the U.S. Securities and Exchange Commission for allegedly failing to register their operations with the agency. At the meeting, Armstrong will also touch upon related issues, such as tax, national security, privacy, and climate, a New Democrat Coalition spokesperson said in an emailed statement. Coinbase did not immediately respond to a request for comment outside business hours.

18.07 / 01:59

BLOCK Enterprise NIFTY PRU Stocks in news: Sheela Foam, LTIMindtree, IndusInd Bank, ICICI Pru Life, Patanjali Foods

Nifty futures traded 1.5 points, or 0.01 per cent, lower at 19,778, signaling that Dalal Street was headed for a muted start on Tuesday. Here's a slew of stocks that will be in focus today for various reasons.Sheela FoamSheela Foam, which owns the popular “Sleepwell” brand, announced that it will acquire a majority stake in Kurlon Enterprises that owns “Kurl-On” brand for Rs 2,035 crore.LTIMindtreeLTIMindtree has reported consolidated net profit of Rs 1,151 crore for the quarter ended June, which is higher by 4% year-on-year.Read more: What changed the market while you were sleepingTata ElxsiTata Elxsi has posted a meagre 2% rise in net profit at Rs 189 crore for the first quarter ended June.

18.07 / 01:57

UPS IPO FIVE Enterprise SENSEX Stocks to Watch: LTI Mindtree, Reliance, Tata Elxsi, Sheela Foam, Amara Raja

LTIMindtree: The IT services firm reported a net profit of ₹1,151 crore, a 4% increase in the June quarter. Its operational revenue for the quarter stood at ₹8,702 crore, marking a 14% growth. The company recorded earnings before interest, tax, depreciation, and amortisation of ₹1,635 crore for the June quarter, reflecting a 9% year-on-year rise.

18.07 / 01:45

UPS Target AXY Enterprise NIFTY SENSEX Buy or sell: Vaishali Parekh recommends three stocks to buy today — 18th July

Buy or sell stocks for today: Following strong global market cues, Indian stock market ended higher on Monday. Nifty and Sensex scaled to a new peak of 19,731 and 66,656 respectively. Bank Nifty index finished 630 points higher at 45,449 mark.

17.07 / 19:19

UPS Target Digital Enterprise Deal Glow Capital inks first deal, buys hospitality outfit maker Cargo Crew

Glow Capital, the investment house run by former Quadrant Private Equity deal maker Justin Ryan, has closed its first deal after acquiring a controlling stake in Melbourne-headquartered clothing supplier Cargo Crew.

17.07 / 18:53

UPS Provident Platform Enterprise valuations Temasek doubles investments, ups diligence as valuations reset

Mumbai: Temasek Holdings Pvt. Ltd has doubled its pace of investments in India, amid the valuation reset in the tech ecosystem, and will increase its focus on due diligence and scrutiny for potential investment opportunities, senior executives Ravi Lambah and Mohit Bhandari said in an interview. Over the past 15 months, the Singapore state investor committed nearly $4 billion in capital, including its stake in Manipal Healthcare Enterprises.

17.07 / 18:43

CEO Enterprise Zee forms interim panel to run operations

Zee Entertainment Enterprises Limited (ZEEL) has formed an interim committee consisting of senior executives to oversee the company's operations after the Securities and Exchange Board of India's (SEBI) interim order against MD and CEO Punit Goenka and Chairman Emeritus Subhash Chandra Goenka was upheld by the Securities Appellate Tribunal (SAT). According to an interim order issued by the SEBI on June 12, the Goenkas have been prohibited from serving as directors or holding any key managerial position in any listed company or its subsidiaries until further directives due to the alleged siphoning and round-tripping of funds.

17.07 / 17:15

Platform Mobile Enterprise Will request GST Council to reconsider 28% tax on online gaming: MoS Rajeev Chandrasekhar

Rajeev Chandrasekhar has said he will “request the GST council for consideration on the new regulatory framework”. The GST Council on July 11 decided to impose a 28% GST on full face value for online gaming companies.Also read: Online gaming companies say only illegal platforms will gain from 28% GST Around 130 online gaming companies and industry associations, including Mobile Premier League (MPL), Nazara Technologies, Gameskraft Technologies and Winzo Games, have appealed to the GST Council to reverse the decision, saying that this would only benefit illegal platforms.

17.07 / 17:01

Racing Enterprise 28% GST on online gaming: Rajeev Chandrasekhar says will go back to GST Council to review

GST Council and ask for reconsideration of the decision to impose a 28% tax on funds that online gaming companies collect from their customers. “We will go back to the GST Council and may be request their consideration on the facts of the new regulatory framework," the minister said during an interaction at the CNN-News18 Town Hall event. The minister further said that the government is at the initial stage of creating predictable, sustainable online gaming framework.

17.07 / 15:51

IPO Provident Enterprise Matrix Renewables Matrix Gas and Renewables files for IPO, to be listed on NSE Emerge

small and medium enterprises (SMEs). The gas aggregator plans to use the proceeds from the issue primarily towards meeting the working capital requirements for sourcing natural gas, RLNG (regasified liquefied natural gas), and importing LNG (liquefied natural gas) cargoes.

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