Enterprise Financial News

The NSE Nifty index closed 345.55 points down at 23085.95, while BSE Sensex ended 1048.9 points at 76330.01.

MOIL Ltd.(up 2.87%), Lexus Granito(India)Ltd.(up 1.24%), Ashapura Minechem Ltd.(up 0.31%), Aro Granite Industries Ltd.(up 0.23%) and Coal India Ltd.(up 0.05%) were among the top gainers.

On the BSE, Betex India(down 12.24 per cent), Goblin India(down 12.00 per cent), Sangam Renewables(down 11.67 per cent), Vishvprabha Ventures(down 11.23 per cent) and Purple Entertainment(down 10.21 per cent) were among the stocks that plunged over 5 per cent during the session.

Sundararaman Ramamurthy, MD & CEO, BSE, says as the nation grows, so does its economy, leading to the expansion of individual enterprises. Entrepreneurs are investing their life savings into their ventures, and I believe that small and medium-sized enterprises (SMEs) will thrive, with many advancing to the main board. Once listed, these companies may pursue multiple exchange listings, enhancing liquidity, credibility, and access to financing, which will support greater capital formation and benefit the economy. What is your view on how the SME listings for BSE would move for this year? Sundararaman Ramamurthy: Let me give you a macro picture and then let me come to the BSE picture. From a macro level, we are talking about 6.2, 6.3 crores of SMEs in the country. Today we are talking about the total listing of some 1,000 plus companies across exchanges. All the 6.2 crore companies may not be big enough to come for listing or may not be requiring a listing as well.

Prashant Pitti, co-founder of EaseMyTrip, recently shared a significant milestone on LinkedIn: his 'Founder's Office' job listing for his fintech startup, Optimo, has received an overwhelming 4,344 applications. In his post, Pitti expressed his surprise, writing, «Overwhelming to see 4344 folks have applied so far to work directly with me to change India's MSME lending landscape.» While Pitti is widely known for his role in the travel industry with EaseMyTrip, this job listing is for his latest venture, Optimo, a fintech startup focused on reshaping small and medium enterprise (SME) lending. Unlike his travel company, this startup is centered around providing innovative digital solutions for MSMEs, especially through its digital property-loan product. Pitti, along with investors Blume Ventures and Omnivore VC, is committed to developing the company’s growth. The listing for Optimo’s 'Founder’s Office' positions is for their office based in HSR Bangalore, where they are actively seeking ambitious individuals with a knack for deep thinking and multiple-project management. «You will get to see & learn on how large-scale companies are built directly, while working on multiple projects at the same time,» Pitti wrote in the job description. Optimo is aiming to build an industry-changing platform, with plans to expand rapidly across India.

Subscribe to enjoy similar stories. New Delhi: The government is working on revamping the framework for revival and rehabilitation (FRR) of debt-ridden micro, small, and medium enterprises (MSMEs) in order to make it easier for small businesses to restructure the loans they have taken out, said two people in the know of the development. The framework would be known as FRR 2.0.

SN Subrahmanyan: pay employees who work over 40 hours a week. Taking to X on Saturday, Nirmalya Kajuri, an IIT professor, wrote, “ If India strictly implements overtime pay for 40+ hours of work per week, all the corporate bosses who are now advocating that employees work 70-90 hours a week will become the biggest champions of work-life balance.”

Data centres have gone far beyond being simple storage facilities; they have become powerful hubs driving innovation and enabling the rapid growth of global businesses and economies. This transformation is driven by the massive increase in data, and as AI becomes integral to modern operations, enterprises must evaluate whether their current data centre infrastructure can handle the complex demands of AI-driven workloads. One question that’s often asked is: How do hyperscale data centres differ from traditional data centres? While both are digital infrastructures, the difference lies in scale, efficiency and purpose.

Subscribe to enjoy similar stories. When Howie Buffett first bought a front-end loader, he didn’t know how to start it. When he ran to be a county commissioner of Douglas County, Neb., he didn’t know what the board did.

Adani Wilmar as part of a strategy to exit non-core activities to focus on main infrastructure business. The conglomerate, which last month announced its exit from Adani Wilmar by selling the bulk of its stake to a joint venture partner, had on Thursday announced sale of 17.54 crore shares (13.50 per cent equity) in the company on January 10 (to non-retail investors) and on January 13 (to retail investors) at a floor or minimum price of Rs 275 apiece. The offer for sale (OFS) included an option to additionally sell up to 8.44 crore shares, or 6.50 per cent equity.

The NSE Nifty index closed 95.0 points down at 23431.5, while BSE Sensex ended 241.3 points at 77378.91.

markets, including through equity and debt instruments, is estimated to jump by nearly 21 per cent to Rs 14.27 lakh crore in FY25 from the Rs 11.8 lakh crore in FY24, Sebi chief Madhabi Puri Buch said on Friday. Buch said in the past nine months of the current fiscal, entities have mobilised Rs 3.3 lakh crore in equity and Rs 7.3 lakh crore from the debt markets, with the overall mop-up reaching Rs 10.7 lakh crore. «If we project for the next quarter (Q4), we will probably end somewhere like over Rs 14 lakh crore raised for the year in terms of capital, both equity and debt,» Buch said addressing a NISM-organised conference here.

Subscribe to enjoy similar stories. The residential realty market is in an upcycle, yet real estate companies' December quarter (Q3FY25) results would bring selective cheer. With approval-related challenges slowly receding, sequential improvement in pre-sales or bookings is likely for most listed companies in Q3FY25.

Subscribe to enjoy similar stories. Bengaluru/Mumbai: Stick to your knitting. This is the adage many large companies are reverting to as several divestments and demergers play out in the corporate arena.

The NSE Nifty index closed 18.96 points down at 23688.95, while BSE Sensex ended 50.62 points at 78148.49.

Shares of Raymond Ltd.(up 2.92 per cent), Oberoi Realty Ltd.(up 2.67 per cent), Sobha Ltd.(up 2.27 per cent), Phoenix Mills Ltd.(up 1.66 per cent) and Godrej Properties Ltd.(up 1.38 per cent) ended the day as top gainers in the pack.

Quant Small Cap Fund, the largest fund managed by Quant Mutual Fund, reduced its stake in five stocks in December, including Mazagon Dock Shipbuilders, Aadhar Housing Finance, eClerx Services, India Shelter Finance Corporation, and Om Infra.

Adani Group has partnered with Thailand's Indorama Resources to foray into refinery, petrochemical and chemical business. Adani Enterprises Limited's subsidiary Adani Petrochemicals Ltd and Indorama have formed a joint venture with equal shareholding, the company said in a regulatory filing on Monday.

global institutional investors to raise capital for its infrastructure trust in India, said people aware of the matter.

At a general meeting held today (6 January), an overwhelming majority of votes (94.2%) were cast in favour of the voluntary liquidation of the trust. As a result, FRP Advisory Trading's Gareth Rutt Morris and Jonathan Dunn have been appointed joint liquidators of the trust. This morning, as part of the winding down process, Dunedin Enterprise was suspended from trading on the London Stock Exchange. London Stock Exchange suffers lowest IPO volume on record in 2024 However, as shareholders voted for voluntary liquidation, the trust will not seek to cancel its listing on the LSE on...

Subscribe to enjoy similar stories. New Delhi: The government is likely to announce a policy in the upcoming budget for greening the operations of micro, small and medium enterprises (MSME) and lowering their carbon emissions.