Enterprise Financial News

17.07 / 15:29

Cooper Enterprise EUR 15% global minimum tax to come into effect next year: OECD

Global minimum tax of 15 per cent will come into effect from next year and by 2025 almost 90 per cent of MNCs having revenues of more 750 million euros will be subject to the levy in every country of operation, said OECD in its report to G20. «The implementation of the global minimum tax is now well underway and will come into effect from the beginning of next year,» the Organisation for Economic Cooperation and Development (OECD) said in a report to G20 finance ministers and central bank governors.

17.07 / 14:49

Digital Enterprise Time regulatory Trai gives more time for comments on discussion paper on boosting tech innovation via regulatory sandboxes

Telecom Regulatory Authority of India (Trai) has extended the deadline for stakeholder comments and counter-comments on its recent discussion paper on creating a holistic framework to drive cutting-edge tech innovation in digital communications via transparent and safe live testing environments, popularly known as regulatory sandboxes. Trai has now sought comments and counter-comments on the consultation paper by July 31 and August 16 respectively after stakeholders sought more time.

17.07 / 13:05

Enterprise Sleepwell parent to acquire Kurl-On and Furlenco brands to expand offerings and market share

Sheela Foam, which owns the popular 'Sleepwell' brand, on Monday announced that it will acquire a majority stake in Kurlon Enterprises that owns “Kurl-On” brand for Rs 2,035 crore. Besides, the company has also signed a deal to acquire a 35% stake in online furniture retailer Furlenco furniture for Rs 300 crore.

17.07 / 12:59

UPS BLOCK Enterprise BABA stake GQG Partners, others buy 5.96% stake in Patanjali Foods via OFS; check details

Patanjali Foods on Monday said Rajiv Jain-led GQG Partners and a few other investors bought 2.15 crore shares or 5.96% stake in the company on July 14. The stocks were bought through the stock exchange settlement process by the way of offer for sale (OFS).

17.07 / 12:59

UPS IPO Booking Platform Enterprise hospital Asarfi Hospital SME IPO: GMP, subscription status on day 1, and other key detail

₹51 to ₹52 per equity share and the share will be listed on the BSE SME exchange Thursday, July 27. The entire Asarfi Hospital IPO consists of a fresh offering of 51.80 lakh equity shares for a total of up to ₹26.94 crore. The company intends to use the issue's proceeds to meet the following goals, including partially paying the capital expenses for the cancer hospital in Ranguni, Jharkhand.

17.07 / 11:37

Aware Manufacturing CEO Enterprise Sheela Foam to acquire rival Kurlon and furniture maker Furlenco

Sheela Foam, India’s largest home mattress manufacturer, is set to acquire rival Kurlon Enterprise, the maker of Kurl-on mattress, and furniture rental company Furlenco said multiple people aware of the development. The announcement to buy stake in both companies is likely to be announced in the next few days. Sheela Foam will acquire Kurlon Enterprise at a valuation of Rs 2,200 crore while it would infuse a primary fund of Rs 350-400 crore to buy controlling stake in Furlenco at a valuation of Rs 1,200-1,500 crore, the people said on condition of anonymity.

17.07 / 11:03

Enterprise Indian Fitch affirms Indian Oil Corp at ‘BBB-’; outlook stable

New Delhi: Credit rating agency Fitch Ratings has affirmed Indian Oil Corp Ltd’s (IOC) long-term foreign-currency issuer default rating (IDR) at ‘BBB-’ with a stable outlook. The agency also maintained the senior unsecured rating and the ratings on the outstanding senior unsecured debt of IOC at ‘BBB-’. “The IDR and outlook are equalised with the largest shareholder, the state of India (BBB-/Stable), under our Government-Related Entities (GRE) Rating Criteria, reflecting a very strong likelihood of state support," Fitch Ratings said.

17.07 / 10:13

UPS Digital CEO Platform Mobile Enterprise stake Belgium's Proximus to acquire majority stake in Route Mobile for up to ₹8598 crore

₹5,922 crore through a 57.56% promoter stake acquisition, one of the largest ever cross-border deals in the communication platform space. Listed in September 2020, Route Mobile is primarily engaged in offering omnichannel communication solutions, including automated SMS, WhatsApp notifications, voice-based, and email solutions.

17.07 / 09:27

COST Citi FIVE Booking Gap Enterprise Net debt of top 8 listed realty firms dip 43 pc to Rs 23,000 cr in last 3 yrs: Anarock

The net debt of top eight realty firms fell 43 per cent to Rs 23,000 crore last fiscal, from around Rs 40,000 crore in 2019-20, as their cash flow improved on strong housing sales, according to Anarock. Real estate consultant Anarock noted that the unfettered demand for housing across the country has enabled the country’s leading large and listed developers to reduce their debt.

17.07 / 09:27

COST Citi Provident Booking Gap Enterprise Listed developers’ cost of debt shrinks to 9% in FY23 from 10.3% in FY20

The unfettered demand for housing across the country has enabled the country’s leading large and listed developers to reduce their debt, reveals an analysis of the financials declared by the top 8 developers engaged in the development of residential real estate.

17.07 / 09:19

Progressive Enterprise committee Sebi order on Goenka: ZEE board forms interim committee to run ops

Zee Entertainment Enterprises Ltd (ZEEL) has formed an interim committee of senior executives to run operations at the company after managing director and chief executive Punit Goenka failed to get relief from the Securities Appellate Tribunal (SAT) against an order by markets regulator that barred him from holding any key position in any listed company. A Zee spokesperson confirmed the development to Mint.

17.07 / 09:09

Manufacturing Enterprise Manufacturing sentiment positive in first quarter: Ficci survey

New Delhi: Despite global headwinds, Indian manufacturers maintained positive sentiment in the first quarter of fiscal year 2023-24 (Q1FY2024), according to a quarterly survey conducted by the Federation of Indian Chambers of Commerce and Industry (Ficci). The survey findings revealed that the growth momentum witnessed in the previous fiscal year has continued into subsequent quarters.

17.07 / 09:09

Progressive Enterprise committee ZEE board forms interim committee to run ops after Sebi bars Goenka

17.07 / 08:47

Microsoft Platform Software Enterprise open Open-source developers platform ToolJet raises funding from Microsoft's M12 Fund, GitHub

ToolJet has raised funding from M12, the venture arm of Microsoft, and cloud-based software development platform GitHub, the company said on Monday. The amount of investment has not been disclosed.

17.07 / 06:53

COST UPS Manufacturing Racing Enterprise Full Update on India's Top Green Hydrogen Stocks and How They're Faring in 2023

Hydrogen (H2) is an industrial fuel with multiple applications such as the production of ammonia, steel, electricity, and refineries. Currently, hydrogen is produced through natural gas and coal, leading to carbon dioxide emissions (CO2) into the atmosphere. The hydrogen produced through this method is known as grey hydrogen.

17.07 / 06:53

UPS Enterprise share price Adani Ports, Adani Ent share price gain over 2-3%; Check key reasons behind Adani Group stocks rally

Adani Enterprises share price rallying over 3%. Adani Wilmar, Adani Total Gas and Adani Power share price gained over 3% each, while Adani Ports & SEZ and Adani Transmission rose over 2% each.

17.07 / 06:29

UPS Enterprise Adani Enterprises shares jump over 3% on Dharavi project nod

Adani Enterprises rose over 3% to Rs 2,459 on the NSE in Monday's trade after the Maharashtra government gave nod for the Dharavi Redevelopment project to one of its group companies. The rub-off impact was seen on other Adani Group stocks as all 10 stocks were trading in the green, gaining up to 5%. Adani Ports and Special Economic Zone rose 1.63%, Adani Wilmar 2.38%, Adani Power 2.27%, Adani Transmission 2%, Adani Total Gas 2.19%, Adani Green 0.74%, ACC 1.41%, Ambuja Cements 0.29% and NDTV 5%.

17.07 / 04:57

Software LinkedIn Enterprise UBS Patterson Corporate Travel seeks fourth CFO in four years

Corporate Travel Management will employ its fourth chief financial officer in as many years, following the resignation of another top number cruncher from the $2.9 billion business travel specialist.

17.07 / 04:01

UPS Racing Strategy Enterprise Nano Bull run 2024 etmarkets ETMarkets Fund Manager Talk-This smallcase manager sees scope for the current bull run in equities lasting beyond 2024 elections

MUMBAI — After the stellar run by midcap and smallcap stocks in the recent months, a few sections in this segment do look a bit stretched, but one cannot say that the market is overheating, believes investment advisory firm Weekend Investing. “The large cap stocks and the more institutional invested portions of the markets are not heated at all.

17.07 / 02:21

UPS Provident FIVE Digital Platform Software Enterprise India's Think360 make top AI Fintech Companies List

Think Analytics India Pvt Ltd, also known as Think360 AI, was one of only five Asia-Pacific firms that were named in the 2023 edition of AIFINTECH100 list of 100 of the world's most innovative AI solution providers for the financial services industry. In its third year, the list is compiled by a panel of industry experts and analysts and is published by FinTech Global, an online platform providing information and media services focusing on the fintech industry.

16.07 / 20:11

UPS Provident Lowe's Fighting Enterprise Non-tax sops better for wooing investors: Revenue Secretary Sanjay Malhotra

NEW DELHI : The government is at an advanced stage of formulating a new piece of legislation to offer investors ready approvals for all requirements and replace the special economic zones (SEZ) Act and non-tax measures remain the preferred route for promoting new investments in the country, revenue secretary Sanjay Malhotra said in an interview. Finance minister Nirmala Sitharaman announced the Development of Enterprise and Service Hubs (DESH) Bill in February 2022. The proposed law will replace the existing one governing SEZs.

Enterprise Financial News

popular questions about Enterprise

What is Enterprise and why is it important?

Where can I find the latest updates on Enterprise?

How can I verify the accuracy of information on Enterprise?