Enterprise Financial News

Mint Tuesday. “We are very eager to do it. Maybe by the year end, if we can." The acquisitions would be in the kitchen essentials space, he said, adding that more targets are available among regional companies.

Rajshree Sugars & Chemicals Ltd.(up 6.35%), Bajaj Hindusthan Sugar Ltd.(up 3.44%), Ponni Sugars(Erode)Ltd.(up 3.08%), Shree Renuka Sugars Ltd.(up 2.62%), Mawana Sugars Ltd.(up 2.40%), Rana Sugars Ltd.(up 2.37%), Balrampur Chini Mills Ltd.(up 2.17%), Triveni Engineering & Industries Ltd.(up 2.16%), KCP Sugar & Industries Corporation Ltd.(up 1.65%) and Sakthi Sugars Ltd.(up 1.53%) stood among the top gainers.

₹10 crore. These rates can escalate, just as they do on income earned. This will either curtail ostentatious consumption or increase revenue.

Adani Energy Solutions is expected to launch a qualified institutional placement (QIP) this week or next to raise up to $1 billion (₹8,400 crore), according to people with knowledge of the matter. The board of the Adani Group's power transmission unit had in May approved raising ₹12,500 crore through equity to fund expansion. «Adani Energy is set to launch its QIP after a month of roadshows with GQG Partners, Qatar Investment Authority, two US-based funds new to India, and domestic mutual funds showing interest,» said one of the persons cited. «The QIP is expected to be launched later this week or early next week to raise around $700-800 million, with the potential to increase it to $1 billion in case of demand.» The company has appointed ICICI Securities, SBI Capital Markets and Jefferies as advisers.

Star Trek: Strange New Worlds' at San Diego Comic-Con. The announcement includes a first-look clip, photos, and new cast members.

North Carolina state regulators now say a nonprofit run by the wife of North Carolina Lt. Gov. Mark Robinson must repay $132,000 for what they call disallowed expenses while carrying out a federally funded child care meal program

CRISIL Ratings reaffirmed its ‘CRISIL AAA/Stable’ rating on the corporate credit facility of DBS Bank India Ltd (DBIL). The rating on the certificate of deposits programme was also reaffirmed at ‘CRISIL A1+’.Recognised for its global leadership, DBS has been named “World’s Best Bank" by Global Finance, “World’s Best Bank" by Euromoney, and “Global Bank of the Year" by The Banker.

startups have reported to have generated more than 15.5 lakh direct jobs to date, as it detailed various initiatives taken by ministries and departments to help create even more jobs and nurture young entrepreneurs in years to come.

quarter earnings season in which IT majors managed to beat Street expectations led by significant improvements in the BFSI sector, mutual fund managers were smart enough to buy IT stocks even as FIIs sold. June quarter shareholding pattern shows that MFs raised stake in Infosys by 116 bps to 19.09%. The stock is up around 20% in the last one month.

Nirmala Sitharaman on Sunday said the budget proposals will spur job creation, encourage investments in startups, leave more money with the middle class, ease credit flow to small and medium businesses, and keep up the thrust on infrastructure creation to boost economic growth.

AI will likely be replacing low-wage jobs with expensive technologies and lack of reliability, as of now. “Unless there is RoI, companies will not invest. But we believe every business will be an AI business in future.

ICICI Bank, India's second largest private sector lender, beat Street expectations with a 14.6% rise in first-quarter net profit at Rs 11,059 crore, buoyed by strong treasury income. Analysts polled by Bloomberg had forecast on average a net profit of Rs 10,517 crore. The lender recorded a net profit of Rs 9,648.20 crore a year ago.

India and the government's budget boost for factory jobs might just be the catalyst to turn a swell into a wave.

Direct commerce as a channel for selling online in India has become 15% of the ecommerce market, Shiprocket cofounder and chief executive Saahil Goel said.

ITC Ltd is going to invest Rs 20,000 crore in the medium term across businesses, chairman and managing director Sanjiv Puri told shareholders on Friday.

Indian telecom market operates as an oligopoly, with a few major players offering similar services and greatly affecting pricing. When one company lowers prices the others typically follow suit, but the reverse is not always true. We saw an instance of this when Reliance Jio entered the market, prompting price cuts across the board.

IndiGo, IndusInd Bank, DLF, Tech Mahindra, Mankind Pharma, RBL Bank among others will be in focus due to news developments and first quarter earnings. IndiGo, IndusInd Bank, Cipla, Power Grid Shares of IndiGo, IndusInd Bank, Cipla and Power Grid will be in focus as the companies will announce their first quarter results today.

Mint, Ragavan Srinivasan, vice-president of product and the head of its Llama models at Meta, said that the company’s open-source approach to AI will define its approach to generative AI for enterprises, going forward. “Building AI models as open-source is good for developers, Meta and the world in general, as we’ve seen with our work on Pytorch and React. Rivals of the Llama foundational model are all proprietary, which means that enterprises have to develop their AI applications based on the terms defined by the companies making the models.

India’s cybersecurity market, worth about $6 billion in 2023, is set to see considerable growth in the near future with sub-sectors such as application security likely to spawn exciting firms, said Prayank Swaroop, partner at venture fund Accel.

Shares of Sobha Ltd.(up 2.09 per cent) and Brigade Enterprises Ltd.(up 1.98 per cent) ended the day as top gainers in the pack.

Stocks to buy or sell: Following weak global market cues after lacklustre earnings from US tech behemoths Tesla and Alphabet, the Indian stock market ended lower for the fourth straight session. The Nifty 50 index slipped 40 points and closed at the 24,438 mark, the BSE Sensex shed 280 points and closed at 80,148, while the Bank Nifty index finished 348 points at 51,429. According to Sumeet Bagadia, Executive Director at Choice Broking, the Nifty 50 index has made a crucial support at 24,000, and the index is facing a hurdle at 24,800 to 24,850.