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Infrastructure company PNC Infratech on Friday said it has received approval from NHAI to transfer a 100 per cent stake held by it in its three subsidiaries (SPVs) for Uttar Pradesh road projects to Highways Infrastructure Trust. The company, in a regulatory filing, said the three highway projects are a part of the statutory process pursuant to the Rs 9,005 crore deal between PNC Infratech, PNC Infra Holdings (a subsidiary of PNC Infratech), and Highways Infrastructure Trust (HIT), an InvIT controlled by KKR & Co Inc, for 12 road assets. The three subsidiaries/SPVs, which got approval from the National Highways Authority of India (NHAI), are PNC Bithur Kanpur Highways Private Ltd, PNC Gomti Highways Private Ltd and PNC Aligarh Highways Private Ltd. The deal, signed in January 2024, involves the divestment of twelve road assets owned by PNC Infratech and PNC Infra Holdings for an enterprise value of Rs 9,005 crore.

nasscom foundation, in partnership with LEAD at Krea University, has unveiled a comprehensive report titled “Digital Dividends: Understanding the Use of Social Commerce by Women Entrepreneurs in Rural India.” The study provides a detailed analysis of the challenges and opportunities faced by rural women entrepreneurs (RWEs) in adopting digital tools and leveraging social commerce to expand their enterprises. It also offers actionable recommendations to enable sustainable growth and scalability for these businesses. The report highlights the transformative role of technology in empowering rural women-led ventures, with a focus on key sectors such as agriculture and allied services, handlooms and handicrafts, and manufacturing, processing, and retail.Through a survey of 792 women entrepreneurs aged 15 to 60 years, spanning 24 districts—including 18 aspirational districts—the study examines contemporary factors influencing women entrepreneurs. It provides insights into their socioeconomic backgrounds, digital readiness, financial inclusion, and the extent of their engagement with social commerce platforms. The findings underscore how digital and social commerce technologies can unlock significant opportunities for rural enterprises, driving economic participation and innovation among women in underserved regions.

ADF Foods Ltd.(up 3.03%), Sheetal Cool Products Ltd.(up 2.35%), Tata Consumer Products Ltd.(up 2.01%), JHS Svendgaard Laboratories Ltd.(up 1.50%), Parag Milk Foods Ltd.(up 1.38%), Heritage Foods Ltd.(up 1.34%), Prataap Snacks Ltd.(up 1.07%), Tasty Bite Eatables Ltd.(up 1.05%), Hatsun Agro Products Ltd.(up 0.99%) and Dangee Dums Ltd.(up 0.87%) were among the top gainers.

Adani Enterprises, Adani Green, JSW Energy, Afcons Infra, Tata Power among others will be in focus due to various news developments. Adani Enterprises, Adani Green Shares of Adani Enterprises, Adani Green and few other group stocks will be in focus following a sharp 20% fall on Thursday due to US indictment against Gautam Adani.

Subscribe to enjoy similar stories. Fear and uncertainty have gripped the Indian stock markets. The Nifty has recently slipped below the 23,300 level, reflecting the broader market's ongoing struggle amid unsettling news, including the recent Adani bribery reports.

stocks after a US court indicted Chairman Gautam Adani and several others in a $250 million bribery case. While the S&P BSE Sensex closed at 77,155.79, down by 422.59 points or 0.54%, the broader Nifty50 finished at 23,349.90, lower by 168.60 points or 0.72%. Here's how analysts read the market pulse: Commenting on the day's action, analyst Jatin Gedia, who is Technical Research Analyst at Sharekhan said that the daily charts suggest that the Nifty witnessed follow-through selling pressure from the previous trading session. «It has breached the low of 23350 and is now heading towards 23180. On the upside 23500 which is the 20-day moving average shall act as an immediate hurdle zone from a short term perspective,» Gedia said.

Life Insurance Corporation of India (LIC), which has stakes in seven Adani Group stocks, witnessed an erosion of Rs 8,683 crore in the overall holding value in a single session on Thursday after a US court indicted Chairman Gautam Adani and several others in a $250 million bribery case. LIC holds stakes in Adani Enterprises, Adani Ports and Special Economic Zone (APSEZ), Adani Green Energy, Adani Energy Solutions, Adani Total Gas, ACC and Ambuja Cements.

Adani Enterprises, which plunged 20% on Thursday after billionaire Gautam Adani and seven others faced charges in the United States in a multibillion-dollar bribery and fraud scheme, were among the top largecap picks of mutual funds last month. Mutual funds added around 46 lakh shares of Adani Enterprises in their portfolio in October as the number of shares went up from 2.5 crore in September to around 2.96 crore, according to a report by Nuvama Alternative & Quantitative Research. Adani Enterprises Quant Mutual Fund added around 66.61 lakh shares of this stock whereas Invesco Mutual Fund sold around 7.57 lakh shares of Adani Enterprises.

Subscribe to enjoy similar stories. BENGALURU : Enterprise e-commerce unicorn Moglix has acquired Uttarakhand-based Khatema Fibres Ltd, a manufacturer of eco-friendly paper products, for approximately ₹80 crore, as part of its strategy to bolster its sustainable packaging portfolio and cement its leadership in the industrial procurement space. The deal, announced by Moglix founder and CEO Rahul Garg, adds a suite of specialty packaging products—including high-strength kraft paper, food-grade packaging solutions, and machine-glazed papers—to its offerings.

Sensex and Nifty 50, opened in the red on Thursday, weighed down by declines in Adani stocks following the indictment of Adani Group’s billionaire chairman in New York, over his alleged involvement in a multibillion-dollar bribery and fraud scheme. The BSE Sensex was trading 765 points, or 1%, lower at 76,813. The Nifty50 was down 218 points, or 0.93%, trading at 23,299 around 9:42 am.

₹3,960 crore from anchor investors. On its first day, NTPC Green Energy, the clean energy division of NTPC, achieved a subscription rate of 33%, primarily driven by retail investors who subscribed to 1.33 times the available shares.The Non-Institutional Investors (NII) segment accounted for 16% of the shares available for subscription, whereas the qualified institutional buyers (QIBs) segment did not receive any bids on the initial day.

Anand Selvakesari (Selva) has been the chief operating officer of Citi since March 2023. He isn't popular with all his colleagues, but anyone celebrating his downfall might want to put the party hats away.

RPG Enterprises is scouting for strategic M&A opportunities to drive growth across group companies including Ceat, KEC International, RPG Life Sciences and Zensar Technologies, Anant Goenka, vice chairman of the $4.8-billion diversified conglomerate, told ET's Rica Bhattacharyya and George Smith Alexander in an interview. The RPG scion also talked about plans to double the group's market capitalisation in 3-5 years, grow Zensar into a $1-billion company, expand Ceat's global business, and strengthen KEC's position by executing premium and challenging infrastructure projects. Edited excerpts: It's been over a year since you took charge as vice chairman. What is your plan for the group? At a group level, we set forth a vision for ourselves some time back, which was more of values in terms of what we call as «unleash talent», «touch lives», «outperform» and «be happy». Recently we converted these mottos to define what they mean. So, 'touch lives' is about having an impact on the lives of customers and being number one in customer satisfaction. Whichever industry we are in, we should be in the top 10% of sustainable practices. By 'unleash talent' we're talking about being number one in terms of employee happiness. 'Outperform' is about beating industry in whichever businesses we run.

Subscribe to enjoy similar stories. Adani Data Networks, a subsidiary of Adani Enterprises, which bought 5G spectrum in the 26 GHz band in the 2022 auctions, is mulling surrendering the airwaves after more than two years of not putting them to use, said four people aware of the development. The company has not formally communicated its intent to surrender the airwaves but neither has it shared details of whether or how it intends to use the airwaves, according to two senior government officials.

Wipro Executive Chairman Rishad Premji has voiced optimism about the potential impact of Donald Trump’s return to the US presidency on India’s IT services sector. Speaking at an event in Bengaluru on November 19, Premji stated that Trump’s policies, which he described as «pro-business and pro-growth,» would benefit the technology services industry both in India and globally. «The government is very pro-business and pro-growth, which helps all of our customers, ultimately benefiting partners here in India and worldwide,» Premji said, highlighting the potential for tax cuts and deregulation to positively influence business activities. This optimistic outlook follows a period of uncertainty for India’s IT companies, many of which have faced challenges as clients reduced spending on discretionary projects due to ongoing macroeconomic issues and inflationary pressures. Premji suggested that Trump's focus on corporate tax reductions and easing business regulations could help stimulate customer spending and contribute to growth in the sector.

Indian Hotels Company (IHCL) has unveiled its new ACCELERATE 2030 strategy under which it plans to expand its current portfolio of 350 hotels to over 700 by 2030, besides reaching an enterprise revenue mark of over Rs 30,000 crore from Rs 13,000 crore currently. Under the strategy, IHCL aims to take its number of operational hotels to 500 plus in 2030 from 232 currently, and is targeting consolidated revenues of over Rs 15,000 crore in 2030 from Rs 7,000 crore currently. It aims to take the ROCE (return on capital employed) ratio to 20% in 2030 from 15% currently, and wants to sustain its net cash positive position going forward. “Our vision is to be the most valued, responsible and profitable hospitality ecosystem. So the revenues should double, the portfolio should double. The ROCE should go to 20% plus, and the NPS stays at 70 plus,” said IHCL MD and CEO Puneet Chhatwal on Tuesday, while unveiling the new strategy.

TS Suites, Table Space's premium, flexible workspace solution, expects to achieve Rs 800 crore in standalone revenue by December 2025, driven by solid enterprise interest. The firm recorded Rs 200 crore in revenue from January to September 2024, and sectors like BFSI, IT/ITeS, and consulting are looking for more managed office spaces. «We started the year with just four centres, and by November, TS Suites has expanded to over 11 centres across seven cities, offering approximately 8,000–10,000 seats spanning 500,000 sq. ft.,» said Karan Chopra, a cofounder of Table Space. «This momentum, driven by BFSI and tech clients, has positioned us as a top choice for enterprises seeking high-quality, scalable workspace solutions.»

Subscribe to enjoy similar stories. BENGALURU : Lightspeed Venture Partners is in advanced discussions to lead a $30 million funding round in SolarSquare, a rooftop solar startup, alongside other investors, two people familiar with the matter told Mint. The investment signals Lightspeed’s deepening interest in climate-focused ventures as demand for clean energy accelerates.

As per the estimate by the PHD Chamber of Commerce and Industry (PHDCCI), production at over 3.4 million micro, small and medium enterprises in Punjab, Haryana and Delhi, employing about 7 million workers have taken a hit due to the smog. «In view of the same, the enforcement of Stage IV of the Graded Response Action Plan (GRAP) in the National Capital Region (NCR) has affected the transportation, halting all construction and demolition activities in the area, impacting the industrial activities, leading to rise in costs of production and delay in supply chains,» Hemant Jain, president, PHDCCI told ET.

Subscribe to enjoy similar stories. In October 2024, when the theme surrounding switchgear stocks was just picking up, we wrote about the top companies involved in the industry. We discussed growth prospects of key companies such as HPL Electric & Power Ltd, Voltamp Transformers Ld, among others, and what the future holds in store for them.

NTPC Green Energy is set to open for public subscription tomorrow, November 19, and will close on November 22. Ahead of the issue, the grey market premium (GMP) for NTPC Green Energy shares is around Rs 1-2, indicating a 1% premium over the issue price.