Enterprise Financial News

centralized dashboard for targeted policy intervention. Central team led by labour and employment secretary Sumita Dawra held discussions in this regard with five eastern states on Friday in Bhubaneswar. These included Odisha, Chhattisgarh, Jharkhand, West Bengal and Andhra Pradesh. This is the fourth meeting in a series of regional consultations being held by the ministry of labour and employment nationwide with the states and union territories (UTs) on key labour and employment issues.

HDFC Bank has given its in-principle approval to take its financial services unit HDB Financial Services public through an initial public offering (IPO). Under the IPO, the fresh equity sale will be Rs 2,500 crore. There will be an offer-for-sale component, where interested existing and eligible shareholders of the company may offer to tender their equity shares.

Indian investments and commodities in the Chinese market and also hopes that India will provide a «sound business environment» for Chinese firms in the country, Beijing's ambassador to India, Xu Feihong, said on Thursday. The comments signal a willingness from Beijing to forge deeper economic ties with New Delhi that have been strained since a deadly clash between their troops on a Himalayan frontier in 2020. India heightened scrutiny on Chinese investments after the clash and created new layers of red tape for Indian firms with Chinese stakeholders. But the Indian government is now looking to loosen some of these restrictions as its firms struggle to scale up manufacturing.

Sead specializes in writing factual and informative articles to help the public navigate the ever-changing world of crypto. He has extensive experience in the blockchain industry, where he has served...

Narendra Modi on Thursday said the government has undertaken many reforms in the last 10 years for the growth of the food processing sector and the effort is to ensure that India sets global benchmarks for innovation, sustainability and safety in the food sector. The Prime Minister's message was read at the third edition of World Food India 2024, which is being held in the national capital from September 19 to 22. The event will see participation from over 90 countries. «In the modern era, through progressive agricultural practices, strong administrative frameworks and cutting-edge technologies, our effort is to ensure that India sets global benchmarks for innovation, sustainability and safety in the food sector,» Modi said. During the last 10 years, he said the government has introduced wide-ranging reforms to transform the food processing sector.

Sunteck Realty Ltd.(up 3.0 per cent), Mahindra Lifespace Developers Ltd.(up 1.33 per cent), Phoenix Mills Ltd.(up 0.9 per cent) and Prestige Estates Projects Ltd.(up 0.59 per cent) were among the top gainers.

Subscribe to enjoy similar stories. Are we looking at the Indian micro, small and medium enterprise (MSME) sector through the wrong lens? According to government data, there were over 63 million MSMEs in 2015, of which over 60 million were micro enterprises. Of these micro enterprises, though, how many would be ‘nano’ businesses? The Annual Survey of Unincorporated Sector Enterprises (ASUSE) for 2023 offers a contemporary indication.

Kristina Khorram, Chief of Staff at Combs Enterprises, has been a key figure in Sean «Diddy» Combs' inner circle for years. While Diddy has publicly praised her as his “right hand,” a source close to the federal sex trafficking investigation against him described her as more of a “manipulator in chief.” The source suggested Khorram holds deep knowledge of the mogul’s activities, which has become critical as investigations unfold, as per the reports of the New York Post.

Subscribe to enjoy similar stories. Hot streaks at a few software-as-a-service (SaaS) startups are driving the measure of success out of reach for many others, undermining the also-rans’ prospects for the most lucrative exits. A few years ago, $100 million in annual recurring revenue was often enough to set cloud companies on the path to larger late-stage rounds at lofty valuations and perhaps even an initial public offering.

Deepika Padukone has purchased a premium apartment in Mumbai suburb Bandra West for Rs 17.8 crore. She has bought the apartment on the 15th floor of Sagar Resham co-operative society on Bandstand locality through her company KA Enterprises. The deal was registered on September 12, showed documents accessed through Zapkey.com

Subscribe to enjoy similar stories. When we talk about the largest and most influential companies in India, we often refer to Maharatna companies. These leading enterprises, closely associated with the national government, are considered the crown jewels of India's business world.

Subscribe to enjoy similar stories. Mumbai: Rising scrutiny on the flurry of small enterprises going public finally has Exhibit One: TrafikSol ITS Technologies Ltd. On Tuesday, BSE postponed the listing of TrafikSol shares after investor complaints reached the market regulator, a person aware of the matter said.

Women empowerment, technology, employment and balanced regional development have been the focus areas for the Micro, small and Medium Enterprises (MSME) ministry in the first 100 days of Modi 3.0 government, according to Jitan Ram Manjhi, Minister of MSME. Highlighting the ministry's achievements, Manjhi said, “We are encouraging women entrepreneurs to expand their enterprises and also for those who haven’t started their enterprises, to start one.” Guarantee coverage under the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme for women has been increased to 90% from 85%, expected to benefit 4.5 lakh women-owned micro and small enterprises.

technology budgets soon as Europe has started reducing interest rates and the US is expected to follow suit. While industry analysts foresee this as a tailwind along with the ongoing digital adoption by enterprises, they said the impact on the industry may be felt only by the fourth quarter of this fiscal ending March 2025. «We think the first change will reflect in the management commentary turning more optimistic and references to green shoots in discretionary demand pickup,» said Kumar Rakesh, associate director at BNP Paribas, who closely tracks the IT sector. «Impact on earnings will likely take a little longer and we think it will start reflecting in CY2025.»

Piyush Goyal will be the guest of honour at a star-studded ceremony to celebrate the winners of the tenth edition of The Economic Times Startup Awards on Saturday, October 5, the country's most coveted recognition in entrepreneurial excellence. The event in Bengaluru will host a galaxy of business leaders and policymakers, as ETSA 2024 marks a decade of celebrating India's brightest entrepreneurs and startups. Goyal's first interaction with startup industry leaders at the ceremony post removal of the so-called 'Angel Tax' is expected to provide insights into the government's push to further support the new-age economy which has seen several companies go public this year.

E2E Networks, an artificial intelligence cloud service provider, is getting a lot of attention that the National Stock Exchange-listed company has probably not seen in the 15 years since its inception. The company started offering graphics processing units (GPUs) for cloud computing in 2018, when nobody else was in the market in India. The bet is now paying off, with a customer list of 2,500-3,000 companies, mostly startups and small and medium enterprises (SMEs) and also some big companies. Its stock has yielded almost 280% year-to-date, which according to Bloomberg data makes it one of the top-performing IT stocks of 2024. Delhi-based E2E is well-positioned to participate in the India AI Mission’s tender to procure 10,000 GPUs as part of a consortium.

Subscribe to enjoy similar stories. When I write about Generative Artificial Intelligence (GenAI) in IT Matters, it is usually about its latest advances and the nuances of its seemingly relentless march. I try to discuss both its triumphs and its travails, especially technological aspects that aren’t readily apparent to most.

Subscribe to enjoy similar stories. Nikhil Pradhan was roasting coffee when I called him last winter. Pradhan and his wife Dolka Densapa run Bermiok, a tea estate and coffee farm in Sikkim.

Adani Green Energy Ltd (AGEL) on Saturday said its board has approved the appointment of Saurabh Shah as the company's Chief Financial Officer. Phuntsok Wangyal, the current Chief Financial Officer, will relinquish his position in view of his resignation, effective on September 30, 2024, the company said in a stock exchange filing. According to the filing, the board in its meeting held on Saturday approved that Shah, presently serving as Deputy Chief Financial Officer at Adani Enterprises Limited, will assume the role of Chief Financial Officer of AGEL with effect from October 1, 2024. Shaminder Singh Jamwal will assume the role of Head — Security, effective from October 1, the company said.

NCLT) has withdrawn its approval for the merger scheme between Zee Entertainment Enterprises and Sony Group Corporation's India media entities, Culver Max Entertainment and Bangla Entertainment. The order passed by the Mumbai bench of the NCLT on September 5 brings the curtain down on the failed merger deal that could have created India's second-largest media and entertainment company, rivalling the proposed Star India-Viacom18 combined entity. Zee had filed an application with the Mumbai bench of the NCLT on August 29, seeking recall of the NCLT order dated August 10, 2023, sanctioning the scheme of arrangement.

Piyush Goyal, minister for commerce and industry, on Friday launched two digital initiatives to resolve issues faced by exporters, bring transparency, and make exports more convenient. The Jansunwai Portal provides exporters with necessary information, clarifications, concerns, find the status of complaints and a video-conferencing facility to directly speak to officials of the various departments concerned with exports. «There wouldn't be need for running behind officials, the intention of the government is that nobody ever is required to come to commerce department's various wings,» Goyal said on the sideline of the Board of Trade Meeting in Mumbai.