Enterprise Financial News

Apollo Hospitals Enterprise Ltd. slipped 0.63 per cent to Rs 5076.9 in Wednesday's trade as of 01:43PM (IST).

Zee Entertainment Enterprises Ltd. traded 0.55 per cent up at Rs 183.45 at around 12:25PM (IST) on Wednesday. The stock had closed at Rs 182.45 in the previous session.

asset management firm Rare Enterprises. After his death, Rekha Jhunjhunwala inherited the portfolio.

Hero Realty Pvt Ltd plans to launch real estate projects spanning around 4 million square feet in this financial year, with an estimated revenue potential of Rs 3,500 crore, said its CEO Dharmesh Shah. The company, backed by Sunil Kant Munjal's Hero Enterprise, is also considering an initial public offering (IPO) in the next three-four years, Shah told ET. With a focus on residential development, Hero Realty aims to invest Rs 1,000-1,200 crore in this fiscal, he said.

A heated pay dispute between the NRL and its players is expected to escalate this week after a final offer from Australian Rugby League Commission chairman Peter V’landys was rejected.

investment limit breaches and conflicted deals by larger private equity (PE), venture capital (VC) and domestic hedge funds, the capital markets regulator has called for a slew of details regarding their investments. The Securities & Exchange Board of India (Sebi) on Monday asked the custodians of these funds to state the names of investee companies, quantum of each investment, investible surplus on the day of the investment, and whether the investee company is an 'associate' of the fund, among other things.

Joe Biden said of the US Supreme Court, and he is right. The court's conservative supermajority has taken a hammer to everything liberal Americans hold sacred — most significantly, the affirmative action policies designed to correct the historic wrongs of slavery. In a 6-3 decision last week, the court essentially declared America colour-blind and no longer needing remedial measures.

small finance bank licences saying they «the applicants were not found suitable for granting of in-principle approval.» The central bank announced its decision on Tuesday. The rejected applicants were Akhil Kumar Gupta, vice chairman of Bharti Enterprise; Cosmea Financial Holdings, which is promoted by former Reliance Capital managing director Sam Ghosh; and West End Housing Finance.

NEW DELHI : Singapore’s Sembcorp Industries Ltd is in talks to acquire green energy projects totalling 1.1 gigawatts (GW) from ReNew Energy Global Plc, with the deal estimated to be valued at $1.2 billion at the enterprise level and around $450 million in terms of equity, two people familiar with the development said. Mint had earlier reported that Ahmedabad-based Torrent Power had submitted a non-binding offer for the same projects comprising solar and wind power assets of 350 megawatts and 750MW, respectively. Sembcorp and Torrent Power had been vying for the acquisition of India Infrastructure Fund II, a private equity firm owned by US’s Global Infrastructure Partners, to buy Vector Green Energy Private Ltd, which Sembcorp Green Infra Ltd eventually acquired for an equity value of S$474 million, or $345 million.

New Delhi: Hewlett Packard Enterprise has partnered with original design equipment maker VVDN to begin manufacturing high-volume servers in India under the revised production linked incentive or PLI scheme. The US-headquartered computing technology and solutions provider will make servers worth over $1 billion over next five years from VVDN’s plant in Manesar, Haryana, the company said on Tuesday.

Coffee Day Enterprises Ltd (CDEL) on Tuesday reported a total default of Rs 440.25 crore in the quarter ended on June 30, 2023. Its «total financial indebtedness of listed entity including short term and long term debt» is Rs 465.25 crore, the company stated in a regulatory filing to bourses.

HDFC Bank, the NSE Indices on Tuesday announced replacement against HDFC share price on its indices. On the mainboard Nifty 50, tech player LTI Mindtree will replace the housing finance giant with effect from July 13, 2023. Not just that, many other stocks will be replacing HDFC on several indices on NSE including Financial Services, Nifty 200, Nifty 500 and Services Sectors among others.  In a notification on Tuesday, NSE said, "The Index Maintenance Sub-Committee (Equity) of NSE Indices Limited has decided to make replacement of stock in various indices as listed hereunder on account of scheme of amalgamation of Housing Development Finance Corporation (HDFC) with HDFC Bank.

stock prices," Adani said recently. He also noted in the annual report of group's flagship Adani Enterprises that a Supreme Court -appointed panel of experts found no regulatory failure.

New Delhi: Hewlett Packard Enterprise (HPE) has partnered with original design equipment maker VVDN to begin manufacturing high-volume servers in India under the revised production linked incentive or PLI scheme. The US-headquartered computing technology and solutions provider will make servers worth over $1 billion over next five years from VVDN’s plant in Manesar, Haryana, the company said on Tuesday.

Q2 as compared to the last quarter, mentioned a latest report by Cushman & Wakefield. According to the report, the office realty sector continues to witness a positive demand momentum with the half-yearly gross leasing volume standing at 33.1 msf, accounting for 46% of full year volume recorded in 2022 that was a historic high. Anshul Jain, Head of APAC Tenant Representation and Managing Director, India & South East Asia, commented – “India’s office real estate market continues with its growth momentum. A significant reason for its ability to buck the global recessionary headwinds is the rise in domestic demand. The entry of new GCCs and the ongoing expansion of the manufacturing and flex space segments are also helping the office sector widen its demand base. We can expect the exuberance seen last few quarters in office real estate to continue, if the momentum holds.” According to the report, Delhi NCR recorded the highest leasing volume of 3.6 msf which is 24.8% higher than the Q1-23 volumes. Pune and Bengaluru also recorded healthy leasing volumes of 3.1 msf & 3.0 msf respectively. Hyderabad, meanwhile, witnessed an impressive 61.7% Q-o-Q growth with the total leasing volume standing at 2.6 msf,” the report mentioned. The IT-BPM sector is the biggest contributor with 31% share of the total leasing volumes i.e around 5.3 msf. The flexible space, as an emerging asset class has a special role to play, the report further highlights. In H1-23, this segment once again contributed 13-14% to India’s GLV. With close to 15,700 seats take-up by enterprises in Q2, H1-23 saw total absorption of 36,500 seats across top-8 cities.

Simpl, a one-tap checkout company has introduced Summer Internship Programme 2023 for engineering and management students from educational institutions across the country. The 2.5 month long internship programme aims to provide students with an opportunity to gain valuable insights and hands-on experience in solving problems statements of customers, enterprise and direct-to-consumer (D2C) merchants across the country, according to an official release.

By Dr (Prof) Nishakant Ojha

«I do not think that we would see a close below 44,500. In fact, 45,000 on an immediate basis is also good support and we see on an intraday basis Bank Nifty took support at 45,000 and has bounced back again,» says Jay Thakkar, Sharekhan.How are you witnessing the day's action so far? The chatter is getting louder, are we nearing a near-term top for the market? Do the charts indicate the same? Both Nifty and Bank Nifty actually came down pretty nicely in the first half of the session so far. I would say overall markets did see some profit booking up from the higher levels and that is fine. I would say that is healthy as well.

Zee Entertainment Enterprises Ltd. traded at Rs 184.45 on BSE at 12:45PM (IST) on Tuesday, up 2.05 per cent from previous close. The stock quoted a 52-week low price of Rs 172.25 and a high of Rs 286.9.

Chris Rokos and Deloitte have ended their legal battle over a £40m tax bill that the billionaire hedge fund manager blamed on bad advice from the Big Four firm by reaching a settlement, according to reports.

Apollo Hospitals Enterprise Ltd. traded 0.05 per cent down at Rs 5067.15 on Tuesday at around 10:25AM (IST), while the benchmark BSE Sensex advanced 57.81 points to 65262.86. As many as 2,718 shares changed hands on the counter with a total value of Rs 1.38 crore.