Enterprise Financial News

11.06 / 04:09

markets Citi Aviat Airlines Enterprise social reports stake Indigo Airlines share price down over 2% as Interglobe Enterprises plans to offload stake worth $394 million

₹4445.00 on June 11, at 9:25 am, on BSE. The company enjoys a market capitalisation of ₹1,76,105.16 crore as BSE.The sale's floor price is set at ₹4,266 per share, a 6.5 per cent discount from Interglobe Aviation's closing price of ₹4,562.55 on June 10.

10.06 / 16:47

Provident Enterprise country innovations Modi 3.0 Cabinet: Ex-chief ministers ML Khattar, Shivraj Chouhan among 4 appointed as Union Ministers. Details here

Modi 3.0 Cabinet LIVE updatesIn the Modi 3.0 Cabinet, two former Chief Ministers and BJP leaders, and former CMs from HAM and JD(S) were handed portfolios in the cabinet. The four Chief Ministers include – Shivraj Singh Chouhan, ML Khattar, Jitam Ram Manjhi, HD Kumaraswamy.

10.06 / 15:42

Progressive Enterprise Golf reports rights Videos Sporting PGA Tour reports 'progress' without details in meeting with Saudi wealth fund leaders

The PGA Tour is reporting progress without any details in its ongoing negotiations with the Public Investment Fund of Saudi Arabia

10.06 / 14:45

Provident Progressive Enterprise DELL Nano Arthan Finance raises Rs 50 crore from Incofin, Dell Foundation

Arthan Finance has raised Rs 50 crore in equity from Incofin India Progress Fund and the Michael & Susan Dell Foundation as growth capital, the company announced Monday. The Dell Foundation is a returning investor in the company. The fresh fund infusion will boost the company’s business expansion and technological progress, the company said.

10.06 / 11:59

markets UPS Enterprise Trade EXP Updates Stock market update: Nifty Realty index advances 1.32%

Shares of Prestige Estates Projects Ltd.(up 4.57 per cent), Sunteck Realty Ltd.(up 3.32 per cent), Phoenix Mills Ltd.(up 3.17 per cent), Macrotech Developers Ltd.(up 2.9 per cent) and Oberoi Realty Ltd.(up 0.52 per cent) ended the day as top gainers in the pack.

10.06 / 11:15

CEO Software Enterprise Cycling performer reports Schools Bootstrapped SaaS startup Kissflow culls 11% workforce

Kissflow on Monday said it has let go of about 45, or 11%, of its employees as part of an organisation-wide restructuring.

10.06 / 11:13

UPS Citi Digital Enterprise Metro trends show The spoilers that lie ahead: What ails India’s rosy growth story

Rural consumption was hit by inflation and low wage growth, and it was the urban consumers who kept the spending ship afloat. No wonder, the Reserve Bank of India’s consumer confidence index is back at pre-pandemic levels: it is based on an urban survey. But digging deeper into the data made some fault lines apparent.

10.06 / 05:25

markets Provident Enterprise Trade information Blackstone sells Mphasis tranche in early Monday trade

₹7,066 crore in the information technology services company.Mphasis shares were trading down 2.51% at ₹2,409.85 apiece at 9.40 am on Monday, a strong market day with the benchmark Sensex opening at a record 77,000 points.This is Blackstone's second move at selling Mphasis shares, this time through the open markets.Blackstone Capital Partners first acquired a 60.48% stake in Mphasis from Hewlett Packard Enterprises in 2016 for ₹5,466 crore (at the time, $827 million). After failing to sell its Mphasis shares through a private deal, Blackstone rolled over its stake in the company to a new fund in April 2021.

10.06 / 05:25

Digital Manufacturing Platform Software Enterprise innovations information The AI hype is real. Top 4 smallcap stocks poised for explosive growth

stocks involved with artificial intelligence (AI). From its ability to craft professional headshots to generating captivating content, AI's potential seems limitless. While some trends fizzle out over time, others, like AI, possess the power to transcend fleeting fancies.

09.06 / 20:41

UPS BLOCK Aware Racing Enterprise 2020 JSW, Torrent, Masdar among suitors for Enel's India assets

Masdar Energy of the UAE, Singapore's Sembcorp, JSW Energy, Torrent Power, Sekura Energy and ONGC, have submitted non-binding bids to acquire 760 MW of operational assets in India that have been put on the block by Italy's Enel Group, said people aware of the development.

09.06 / 12:19

CEO Enterprise Election WhatsApp President Updates International CFI elects Tata Projects MD & CEO Vinayak Pai as President of national council

Construction Federation of India (CFI) has elected Tata Projects MD & CEO Vinayak Pai as President of its national council. In a statement on Sunday, the CFI announced the formation of the National Council for a two-year term (FY25-FY26). The National Council elected Vinayak Pai, MD & CEO of Tata Projects Ltd, as President.

09.06 / 12:19

Aviat Progressive Enterprise President information Courts NCP's Praful Patel given 'demotion' in Modi Cabinet, says remedial measures being undertaken

National Congress Party (Ajit) member Praful Patel on Sunday expressed his reservations over being offered a Minister of State with independent charge position in the to-be- formed NDA cabinet under BJP leader Narendra Modi.

09.06 / 09:56

Provident Action Enterprise stage country innovations reports Commerce Ministry may seek more funds for startups in forthcoming Budget

commerce and industry ministry may seek more funds for startups in the forthcoming Budget, to be announced by the new government, to promote innovation in the country, an official has said. The new government may announce the Budget for 2024-25 in July.

09.06 / 06:01

markets IPO security Strategy Enterprise band travelers Upcoming IPOs: 2 new public issues and 4 new listings to keep primary market busy next week

Week Ahead: Inflation data, US Fed policy, global cues among key market triggers as Nifty 50 eyes 23,500 this weekLunawat further added, “We believe that companies with good fundamentals will go public & attract large amounts of capital from street. The upcoming Union Budget will be a crucial trigger for understanding the new government’s strategy for the economy."The primary market will take a breather as only two new public issues are set to open in the coming week.

07.06 / 18:39

UPS Provident BLOCK Digital Enterprise information stake Blackstone may sell up to 15% stake in IT major Mphasis for Rs 6,697 crore

private equity fund Blackstone may sell up to a 15% stake in the IT major Mphasis for an estimated value of Rs 6,697 crore ($803 million) through a block deal on Monday, according to deal term sheet reviewed by ET. This would be the second-largest block deal this year after British American Tobacco garnered nearly Rs 17,000 crore by selling a 3.5% stake in ITC. Blackstone holds 55.45% in the Bengaluru-based company as of the end of March 2024 under the name of BCP TOPCO IX PTE, according to a BSE filing. Post the block deal, Blackstone's stake will drop to 40.4%, and will remain the largest shareholder in the company. The firm declined to comment on the stake sale.

07.06 / 07:17

Target Google Platform Strategy Enterprise Election track Gopalan Enterprises targets Rs 500 crore rental income over 4-5 years

Real estate developer, Gopalan Enterprises, part of Gopalan Group, aims to increase its office rental income to Rs 500 crore annually and could list its assets as a real estate investment trust (REIT) in the next four-five years, a senior company executive said.

07.06 / 05:11

markets UPS Enterprise Trade AGRO Updates Stock market update: Stocks that hit 52-week highs on NSE

Benchmark NSE Nifty index rose 111.55 points to 22932.95 amid buying in frontline bluechip stocks.

07.06 / 03:31

markets security Enterprise awards reports Department rights Stocks to watch: ITC, Bajaj Finance, IRB, Dixon, RVNL

ITC: Shareholders of ITC have approved the demerger of the company’s hotel business, paving the way for the listing of ITC Hotels. The decision was made during a virtual meeting, with 99.6% of shareholders voting in favor.

07.06 / 03:31

markets Digital Platform Enterprise trends inclusion innovations Fintechs and NBFCs can solve credit issues for SMEs and MSMEs, says Vikas Singh of Sugmya Finance

MintGenie, Singh said that fintechs and NBFCs can play a considerable role in solving the credit accessibility and creditworthiness of SMEs and MSMEs.India’s micro, small, and medium enterprises (MSME) sector, the second largest in the world after China, is poised for significant growth in the future. The landscape for MSMEs is being shaped by various key trends in 2024, presenting both opportunities and challenges in a rapidly evolving business environment.

06.06 / 16:39

markets Google Enterprise Election WhatsApp reports Deal activity dips 3 pc to USD 5 bn in May

deal activity declined by 3 per cent to USD 5.023 billion in May compared to USD 5.192 billion in the preceding month of April, a report said on Thursday. The merger and acquisitions plummeted 58 per cent to USD 1.05 billion during the month compared to USD 2.526 billion in April, while a 49 per cent increase in the private equity deal values to USD 3.973 billion from April USD 2.666 billion helped the overall number.

06.06 / 12:21

markets Provident Digital Software Enterprise Workday Cycling Will cloud software be ready for its AI moment?

It is too early to determine winners of the artificial intelligence boom, but so far, those companies haven’t been cloud software vendors like Salesforce and Workday. Salesforce’s recent earnings miss, which disappointed investors looking for software-as-a-service companies to benefit from the generative AI hype, may be tied to the fact that the AI investment cycle is still unfolding.

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