Enterprise Financial News

As the VCT industry marks its 30th anniversary this year, Albion's announcement comes as the top-up offer for the Albion Technology & General VCT, Albion Crown VCT and Albion Enterprise VCT goes live, with the potential for a £30m over-allotment.  Mobeus VCTs launch share offer to raise £90m The VCT manager said the move reflects «Albion's confidence in the UK's vibrant entrepreneurial ecosystem», and comes after the Labour government greenlit the extension of the Sunset Clause for VCTs and Enterprise Investment Schemes last year. Over the past three years, Albion has funnelled £16...

Subscribe to enjoy similar stories. More than a year after the Digital Personal Data Protection (DPDP) Act was passed, the government has released the draft rules that will enable this law’s implementation.

Adani Enterprises, EKA Mobility, JBM Ecolife, Greencell Mobility and Chartered Speed are among the frontrunners in the latest tender floated by state-run Convergence Energy Services Ltd (CESL) for supplying, operating and maintaining electric buses under the Pradhan Mantri e-Bus Sewa Scheme.

Subscribe to enjoy similar stories. New Delhi: In little more than a couple of years, quick commerce has turned into the great hope of India’s startup landscape. Zomato, Zepto and Swiggy dominate, even as Big Basket, Amazon and others are trying to muscle in.

Shares of Raymond Ltd.(up 4.93 per cent), Brigade Enterprises Ltd.(up 2.99 per cent), DLF Ltd.(up 1.33 per cent), Godrej Properties Ltd.(up 1.27 per cent) and Phoenix Mills Ltd.(up 0.87 per cent) ended the day as top gainers in the pack.

Raymond Ltd.(up 2.87 per cent), Phoenix Mills Ltd.(up 1.26 per cent), Brigade Enterprises Ltd.(up 0.82 per cent) and Mahindra Lifespace Developers Ltd.(up 0.16 per cent) were among the top gainers.

RailTel Corporation of India shares will remain in focus on Thursday after the company received a Rs 78.43-crore order from Bharat Coking Coal Ltd (BCCL). «This is to inform that RailTel Corporation of India Ltd has received the work order from Bharat Coking Coal Limited for Works amounting to Rs 78,43,30,164 (Including Tax),» RailTel said in an exchange filing.

Lexus Granito(India)Ltd.(up 8.18%), MOIL Ltd.(up 4.46%), Ashapura Minechem Ltd.(up 3.77%), Aro Granite Industries Ltd.(up 3.36%), KIOCL Ltd.(up 2.37%), The Orissa Minerals Development Company Ltd.(up 1.73%), Sandur Manganese & Iron Ores Ltd.(up 1.67%), Madhav Marbles & Granites Ltd.(up 0.96%), Gujarat Mineral Development Corporation Ltd.(up 0.63%) and Coal India Ltd.(up 0.59%) stood among the top gainers.

JHS Svendgaard Laboratories Ltd.(up 10.00%), Adani Wilmar Ltd.(up 6.71%), LT Foods Ltd.(up 3.14%), Sheetal Cool Products Ltd.(up 2.16%), Gillette India Ltd.(up 2.11%), Bajaj Consumer Care Ltd.(up 2.05%), Varun Beverages Ltd.(up 1.94%), Patanjali Foods Ltd.(up 1.56%), Emami Ltd.(up 1.30%) and Jyothy Labs Ltd.(up 0.97%) stood among the top gainers.

Dwarikesh Sugar Industries Ltd.(up 3.48%), KM Sugar Mills Ltd.(up 3.46%), Rajshree Sugars & Chemicals Ltd.(up 3.31%), Dhampur Sugar Mills Ltd.(up 3.15%), DCM Shriram Industries Ltd.(up 3.13%), Balrampur Chini Mills Ltd.(up 2.92%), EID Parry(India)Ltd.(up 2.89%), Simbhaoli Sugars Ltd.(up 2.83%), Bajaj Hindusthan Sugar Ltd.(up 2.74%) and Dalmia Bharat Sugar and Industries Ltd.(up 2.69%) stood among the top gainers.

Subscribe to enjoy similar stories. Nifty and Bank Nifty: The Indian stock market ended flat on 31 December, with the IT and financial services sectors dragging the market down. The Nifty 50 index closed almost unchanged at 23,644.80, while the BSE Sensex declined by 0.14%, closing at 78,139.10.

Subscribe to enjoy similar stories. Companies worldwide are expected to spend 50% more on adopting generative AI (GenAI) technologies in 2025 compared to last year, according to a report from an American technology research and IT advisory firm. This, even as analysts and management are divided on how the technology’s rise will impact India’s $254-billion IT services industry.

Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd, says 2025-2027 will be very beneficial for Adani Enterprise. The company is developing many businesses, and each one is getting close to being listed on its own. For instance, Adani Airports and Adani Roads, which are part of Adani Enterprise, are expected to become independent companies during this time. Additionally, the issues from last year regarding excessive debt have been managed effectively. Choksey believes this will lead to better cash flow, driving further growth for the company. Therefore, Adani Port will likely remain a strong partner alongside Adani Enterprise. Choksey also says that 2025 should be the year when Reliance would list the Jio platforms and that is where the earning opportunity should be. We have to watch out how the industrials and capex pick up. Ashoka Buildcon has managed to sell 11 SPVs and is going to get liquidity to the tune of around Rs 2400 crore. Any other infrastructure and EPC name that you have been tracking closely? Deven Choksey: Overall, the entire size of the opportunity is becoming big because the government is spending big time money on building the infrastructure. If the budget of Rs 11,000 crore has been completed, then further money has been allocated in this particular period. I guess the government will be distinctly comfortable allocating more money towards infrastructure building even in the current year. That is where the budget allocation would play a meaningful role.

Varun Beverages (VBL), PepsiCo's largest franchise bottler in India, set for outperformance, domestic brokerage firm Antique Broking has given a target price of Rs 710 on the stock while retaining their ‘buy’ rating on the same. This represents an upside of nearly 10% for the stock from its previous closing price.

Adani Wilmar shares will be in the spotlight on Tuesday as Adani Enterprises (AEL) is set to exit its 25-year-old joint venture with Wilmar International through a $2 billion deal. AEL plans to redirect the funds toward its core infrastructure platforms, including energy, utilities, transport, and logistics. Singapore-based Wilmar is seeking strategic investors to replace Adani in the venture.

Adani Power Ltd.(up 6.46%), GMR Power and Urban Infra Ltd.(up 5.00%), KEC International Ltd.(up 3.80%), JSW Energy Ltd.(up 2.83%), GE Vernova T&D India Ltd.(up 2.54%), Adani Energy Solutions Ltd.(up 2.52%), Adani Green Energy Ltd.(up 2.06%), Energy Development Company Ltd.(up 1.64%), Transformers & Rectifiers(India)Ltd.(up 0.83%) and KPI Green Energy Ltd.(up 0.74%) stood among the top gainers.

Madhya Bharat Agro Products Ltd.(up 5.52%), Bohra Industries Ltd.(up 4.85%), Deepak Fertilisers & Petrochemicals Corporation Ltd.(up 2.33%), Coromandel International Ltd.(up 1.24%), Aries Agro Ltd.(up 1.00%), Krishana Phoschem Ltd.(up 0.56%) and Khaitan Chemicals & Fertilizers Ltd.(up 0.39%) stood among the top gainers.

Stocks that rallied over 10% included, Tuticorin Alkali(13.51%), Coral India Finance(12.77%), Sundaram Brake(12.49%), Royale Manor(11.79%) and Ravileela Granites(10.90%).

Pokarna Ltd.(up 1.78%), Madhav Marbles & Granites Ltd.(up 1.52%), Ashapura Minechem Ltd.(up 0.52%), Lexus Granito(India)Ltd.(up 0.50%) and Aro Granite Industries Ltd.(up 0.28%) were among the top gainers.

Subscribe to enjoy similar stories. Building the right organizational strategy by getting all teams together and modifying the role of human employees is the biggest roadblock to adoption of artificial intelligence by businesses, Harrick Vin, global chief technology officer at Tata Consultancy Services (TCS), said in an exclusive interview with Mint.