Enterprise Financial News
12.07 / 04:59
UPS
Enterprise
NIFTY
SENSEX
Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index traded 37.2 points up at 19476.6, while BSE Sensex was up 127.67 points at 65745.51 as of 10:09AM(IST)on July 12. In the Nifty index, Oil And Natural Gas Corporation Ltd.(up 2.28 per cent), Housing Development Finance Corporation Ltd.(up 1.04 per cent), HDFC Bank Ltd.(up 1.03 per cent), Kotak Mahindra Bank Ltd.(up 1.00 per cent) and Titan Company Ltd.(up 0.94 per cent) were among the top gainers.
12.07 / 02:37
Provident
Software
Enterprise
stake
Bharti Airtel buys 20.6% stake in Lavelle Networks, total stake will reach 45.6%
THe company will acquire an additional 20.6% stake in Lavelle Networks in multiple tranches. “In furtherance to the earlier communication dated January 31, 2022 and in terms of terms of Regulation 30 of the SEBI Listing Regulations, we wish to inform you that the Company has entered into an agreement resulting in acquisition of aggregate 45.6% stake in Lavelle Networks Private Limited, in which the Company currently holds 25% stake," the company said in its stock filing.
12.07 / 02:33
Provident
Enterprise
Solomonic
RIO
Juukan Gorge owners moving to mine co-management with Fortescue
Traditional owners hit hard by Rio Tinto’s destruction of Juukan Gorge have signed an agreement with Fortescue Metals Group that opens the door to co-management of mine planning, closure and rehabilitation.
12.07 / 02:01
Provident
Target
Racing
Mobile
Enterprise
DISH
bob
Delta
Stocks to Watch: Maruti, Tata Motors, BoB, Delta Corp, ITC, Adani Enterprises
Maruti Suzuki/M&M/Tata Motors: The tweak in the definition of an SUV for attracting a cess over and above the GST rate will provide clarity on the taxation structure for utility vehicles, ensuring that the rate entry is more precise leaving little room for interpretation on the ambit of ground clearance, auto industry experts said on Tuesday. The Goods and Services Tax (GST) Council decided that the definition of an SUV will include only the length (4 metres and above), engine capacity (1,500 cc and more), and ground clearance (unladen ground clearance of 170 mm and more).
12.07 / 01:55
Manufacturing
Airlines
Enterprise
TCS
Stocks in news: TCS, HCL Tech, SpiceJet, Adani Enterprises, M&M
TCS, HCL TechShares of TCS and HCL Tech will be in focus as the companies will announce their first quarter earnings today.SpiceJetAviation watchdog DGCA has put SpiceJet under «enhanced surveillance» amid the budget airline facing multiple financial headwinds in recent months, PTI reported, but the carrier refuted any such development.Read more: What changed the market while you were sleepingAdani EnterprisesAdani Enterprises has raised Rs 1,250 crores by allotment of 125,000 secured, unrated, unlisted, redeemable, non-convertible debentures.M&MMahindra and Mahindra reported total sales of Rs 59,924 units for the month of June.
12.07 / 01:35
Enterprise
Sebi issues Rs 6-cr demand notices to 11 in Religare Finvest case
Sebi) has issued notices to 11 entities asking them to pay ₹6 crore within 15 days in a case concerning diversion of funds of Religare Finvest, an arm of Religare Enterprises. The 11 entities that received notices are — Torus Buildcon, Artifice Properties, Rosestar Marketing, Oscar Investments, Ad Advertising, Zolton Properties, Saubhagya Buildcon, Star Artworks, Vitoba Realtors, Devera Developers and Harpal Singh.
12.07 / 00:51
UPS
Enterprise
SENSEX
Adani Enterprises raises Rs 1,250 cr through NCDs
Adani Enterprises, the flagship company of the Adani Group, Tuesday said it has raised ₹1,250 crore through a private placement of non-convertible debentures (NCD). The company did not state the purpose of raising the funds in its stock exchange filing late evening. The ports-to-cooking oil conglomerate has lately been raising both equity and debt capital as the promoters look to develop a 'liquidity cushion' to help with expansion and loan servicing.
11.07 / 19:31
COST
UPS
Strategy
Enterprise
UBS
Selamat datang! Asian SOE seeks to spoil Incitec’s fertiliser spin-off
There’s nothing like a struggling demerger on the home front to pique the interest of a cashed-up offshore investor.
11.07 / 19:29
UPS
MAIL
Progressive
Aware
CEO
Enterprise
hospital
Asia Health in talks to acquire kidney care hospital AINU
Asian Institute of Nephrology and Urology (AINU), the largest single-specialty kidney care chain in India. AHH is likely to acquire about 70% stake in the hospital chain at a valuation of ₹500-520 crore, said two people aware of the development. Post transaction, the existing management will continue to run the business, said sources.
11.07 / 18:39
SUN
Enterprise
DISH
Probe diversion of Dish TV funds, say small investors
₹25 crore from Dish Infra Services Pvt. Ltd to Zee Entertainment Enterprises. It is crucial to note that Dish Infra Services Pvt.
11.07 / 18:19
UPS
Target
Enterprise
Matrix
Escape from the four phases of the death valley curve
startups fail. So, how do successful companies navigate the crucial — but tricky — initial phase, known as the 'death valley curve'?... We have identified four phases of the death valley curve and created a matrix on which entrepreneurs can place their business to identify the key challenges going forward.
11.07 / 17:25
Aware
Enterprise
Adani Enterprises raises ₹1,250 crore via allotment of NCDs; check details
Adani Enterprises announced on July 11 that it has raised ₹1,250 crore through the allotment of non-convertible debentures (NCDs). “We would like to inform that the company has raised Rs. 1,250 crore today i.e.
11.07 / 17:25
UPS
IPO
Software
Enterprise
Initial public offering
Netweb Technologies to launch initial public offering on 17 July; 10 key pointers here
₹206 crore and an offer for sale (OFS) of up to 85 lakh equity shares. It needs to be noted that as per the red herring prospectus, the company said, in consultation with the BRLMs, undertook a Pre-IPO Placement of 1,020,000 equity shares at an issue price of ₹500 per equity share (including a premium of ₹ 498 per equity share) aggregating ₹ 51 crore (Pre-IPO Placement). Hence, the size of the fresh issue is reduced by ₹51 crore from the earlier ₹257 crore.
11.07 / 17:05
Provident
Aviat
Merit
Enterprise
IBC
NCLT dismisses plea seeking insolvency proceedings against Religare Enterprises
National Company Law Tribunal (NCLT) on Tuesday dismissed a plea to initiate insolvency proceedings against Religare Enterprises Ltd observing that it was a financial service provider and does not come under the ambit of the Insolvency & Bankruptcy Code (IBC). A principal bench headed by NCLT President Justice Ramalingam Sudhakar and Atul Chaturvedi held that the petition filed by Ligare Aviation Ltd against Religare Enterprises was «not maintainable» and does not fall under the definition of «Corporate Debtor», which means a corporate person who owes a debt to any person.
11.07 / 16:07
UPS
Enterprise
NIFTY
SENSEX
Delta
Indiabulls HF, Delta Corp, 6 others placed under F&O ban on NSE for July 12
Bharat Heavy Electricals Ltd (BHEL), Delta Corp, Granules India, India Cements, Indiabulls Housing Finance, Punjab National Bank, Manappuram Finance, and Zee Entertainment Enterprises Ltd are the eight stocks that are a part of the F&O ban list by the stock exchange for Wednesday. The NSE updates the list of securities in F&O ban for trade everyday.
11.07 / 15:35
11.07 / 14:45
UPS
Waves
Reuters
Software
Enterprise
BURST
Sapphire Venture plans to invest over $1 billion in enterprise AI startups
Sapphire Venture plans to invest over $1 billion in AI enterprise startups, doubling down on the technology's adoption by companies across the world, its president Jai Das said at the Reuters Momentum conference in Austin on Tuesday. The $1 billion capital will come from Sapphire's exiting funds, which have $10 billion capital under management and about $3 billion capital waiting to the deployed.
11.07 / 14:45
COST
UPS
Provident
Enterprise
Govt floats tender to set up 4.5 lakh tonne green hydrogen production facility in India
Solar Energy Corporation of India (SECI) has floated a tender for setting up a production facility of 4.5 lakh tonne of green hydrogen in India under the Strategic Interventions for Green Hydrogen Transition (SIGHT) scheme. SECI is a Government of India enterprise under the administrative control of Ministry of New & Renewable Energy (MNRE). It is a nodal agency for implementing various schemes for renewable energy in the country.
11.07 / 14:11
COST
UPS
Microsoft
Software
Enterprise
Salesforce to raise prices of some cloud products from August
Salesforce will raise prices for some of its cloud and marketing tools by an average 9% from August, the maker of software for customer relations management said, sending its shares up nearly 4% in early trading on Tuesday. Its first price hike in seven years comes at a time when Salesforce and several other technology companies are increasing their spending to include generative artificial intelligence (AI) to their products and services.
11.07 / 13:35
Provident
Digital
CEO
Platform
Align
Enterprise
Avanti Finance Partners with Credit Saison India to Accelerate Credit Access and Co-lending in Rural India
a leading tech-led financial inclusion platform, and Credit Saison India, a prominent neo-lending conglomerate, have formed a strategic partnership to launch a co-lending program aimed at providing credit access to underserved borrowers in rural India. The partnership aims to enable financial inclusion at the grassroots level.The program, following a successful pilot phase, has already financed 12,000 borrowers, with 90 percent of them being women.
11.07 / 11:11
UPS
SUN
Enterprise
NIFTY
SENSEX
Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index ended the session 83.5 points up at 19439.4, while BSE Sensex rose 273.67 points to 65617.84. In the Nifty index, Sun Pharmaceutical Industries Ltd.(up 2.61 per cent), Eicher Motors Ltd.(up 2.49 per cent), Apollo Hospitals Enterprise Ltd.(up 1.91 per cent), Tata Consumer Products Ltd.(up 1.77 per cent) and Maruti Suzuki India Ltd.(up 1.68 per cent) stood among the top gainers.
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