Enterprise Financial News

₹2,000 crore to set up a printed circuit board (PCB) manufacturing facility in the country, according to two people aware of the development.The likely investment follows its acquisition of a majority stake in Ascent Circuits, a printed circuit board assembly maker, as the group undertakes backward integration towards becoming a full-fledged electronics manufacturing services provider.“The investment is expected to take place within the next few months," said one of the persons cited above, asking not to be named. Queries sent to Amber Enterprises remained unanswered till press time.Amber Enterprises, which is transitioning from being primarily a residential air-conditioning manufacturer into a diversified business-to-business electronics goods maker, will ramp up backward integration, aided by its pact with South Korean firm Korea Circuit that has long been producing printed circuit boards.

Media is considered as the fourth pillar of democracy, but faces increasing pressure from the governing class- whether it’s legislature, executive, and even the corporates, said Subhash Chandra, chairman emeritus of Zee Entertainment Enterprises Limited in a press briefing Monday. Highlighting a recent incident which led to a legal tussle between the AAP government in Punjab and Zee, Chandra said he would urge all stakeholders, including Zee's viewers and regulatory bodies, to recognize and stand against the 'threats' to press freedom. «I and my team are ready to pay a price or face any consequences, to keep fulfilling our Dharma towards our readers and viewers,» Chandra said.

Media magnate Rupert Murdoch, who is 93, has married for the fifth time

Kothari Sugars & Chemicals Ltd.(up 10.49%), Bajaj Hindusthan Sugar Ltd.(up 6.18%), Simbhaoli Sugars Ltd.(up 3.75%), Rajshree Sugars & Chemicals Ltd.(up 3.52%), Balrampur Chini Mills Ltd.(up 3.40%), Sakthi Sugars Ltd.(up 3.30%), DCM Shriram Industries Ltd.(up 2.95%), Dalmia Bharat Sugar and Industries Ltd.(up 2.59%), Avadh Sugar & Energy Ltd.(up 2.58%) and Shree Renuka Sugars Ltd.(up 2.25%) stood among the top gainers.

Krishana Phoschem Ltd.(up 7.29%), Rashtriya Chemicals & Fertilizers Ltd.(up 5.07%), Gujarat Narmada Valley Fertilizers & Chemicals Ltd.(up 4.62%), Chambal Fertilisers & Chemicals Ltd.(up 4.62%), The Fertilisers and Chemicals Travancore Ltd.(up 4.05%), Gujarat State Fertilizer & Chemicals Ltd.(up 4.04%), National Fertilizers Ltd.(up 3.13%), Nagarjuna Fertilizers and Chemicals Ltd.(up 2.98%), Coromandel International Ltd.(up 2.60%) and Zuari Agro Chemicals Ltd.(up 2.53%) stood among the top gainers.

₹50 lakh, and projects in the non-farm service sector that cost up to ₹20 lakh. Under this scheme, a credit guarantee is provided to micro and small enterprises for loans up to ₹5 crore without collateral or a third-party guarantee, subject to certain limits. This programme aims to promote new enterprises, build capacity for existing MSMEs, and inculcate entrepreneurial culture.

Mint on the sidelines of the annual general meeting of the International Air Transport Association, a global airline body. On receiving the nod from NCLT, the airline hopes to take another 4-5 months to merge the air operator certificate of AIX Connect with Air India Express. The Tatas acquired both Air India and its subsidiary Air India Express in January 2022.

HealthCare Global Enterprises Limited (“HCG"),the leader in India in speciality healthcare services focused on oncology and fertility today announced its audited financial results for the quarter (“Q4")and full year ended FY24.Highlights for quarter endedMarch 31st, 2024INR million except earnings per sharePeriod ended Mar’24Q4-FY24Q4-FY23(1)Growth(y-o-y)4,9464,41712%94177821%19.0%17.6%92076321%18.6%17.3%282131115%5.7%3.0%21384154%4.3%1.9%1.50.6(1) Q4 FY23 includes Revenue & EBITDA from discontinued MSR operations, adjusted Revenue growth stands at 14% &EBITDA growth stands at 23%(2) Adjusted EBITDA excluding ESOPs and Onetime Expense(3) PAT after Minority InterestCommenting on the results,Dr. B.S. Ajaikumar, Executive Chairman, HealthCare Global Enterprises Ltd.said,“We experience a deep sense of fulfilment to report a consistent benchmark-beating performance across all fronts for the quarter and the fiscal year ending FY24. Year after year, HCG has achieved sustainable cancer care outcomes comparable to premier centers in the world, thanks to our unique value-based care model and focused factory approach providing patients with the right treatment at the right time, using best in class talent, knowledge, technology, and infrastructure.Given the mounting incidence of cancer in recent years, India has prudently enhanced its cancer diagnosis and treatment processes in the guiding light of visionary crusaders like HCG. We prioritize a deep engagement in academics and research alongside an unflinching focus on patient outcomes. In the past year, we have made significant triumphs, including the successful completion if comprehensive genomic profiling for over 1,000 cancer patients, executing complex surgeries, and launching

Adani Power Ltd.(up 14.19%), Power Grid Corporation of India Ltd.(up 10.10%), Gujarat Industries Power Company Ltd.(up 8.12%), Adani Energy Solutions Ltd.(up 8.04%), NTPC Ltd.(up 8.04%), JSW Energy Ltd.(up 5.85%), Transformers & Rectifiers(India)Ltd.(up 5.00%), RattanIndia Power Ltd.(up 4.97%), Power and Instrumentation(Gujarat)Ltd.(up 4.96%) and Suzlon Energy Ltd.(up 4.94%) were among the top gainers.

Zee Entertainment Enterprises Ltd. gained 4.0 per cent to Rs 154.7 in Monday's trade. It hit a high of Rs 160.0 and low of Rs 151.55 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 215.04, while the 50-DMA was at Rs 143.74. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Adani Power rallied as much as 17.7 percent to its 52-week high of ₹890.40. Adani Green Energy soared 13.5 percent to its year-high of ₹2173.65.

ALSO READ: RBI Policy: Repo rate cut expectations pushed back to December quarterOn June 3 (Monday), data on the S&P flash US manufacturing PMI for May and ISM manufacturing for May will be released.TBA Auto sales data for May is also due on the same day.On June 4 (Tuesday), factory orders data for April will be declared.June 5 (Wednesday) will see the release of reports on ADP employment for May, ISM services for May, US productivity (final revision) for first quarter, US trade deficit for April, and S&P flash US services PMI for MayOn June 7 (Friday), a report on consumer credit for May and data on US employmenand unemployment for May will be released.Following companies are due to report quarterly earnings in the week ahead— GitLab, Science Applications, CrowdStrike, PVH, Hewlett Packard Enterprise, Bath & Body Works, Lululemon, Dollar Tree, Brown-Forman, Campbell Soup, and Five Below, Samsara, DocuSign, J.M. Smucker, and NIO.US stocks rallied on Friday after a report showed the Federal Reserve’s preferred inflation was flat.ALSO READ: OPEC to extend cuts till 2H; Crude oil seen at $70-$90 in 2024: Kaynat ChainwalaThe Dow Jones Industrial Average rose 574.84 points, or 1.51%, to 38,686.32, the S&P 500 gained 42.03 points, or 0.80%, to 5,277.51 and the Nasdaq Composite lost 2.06 points, or 0.01%, to 16,735.02.The yield on the 10-year Treasury fell to 4.50% from 4.55%.

Lok Sabha results scheduled to be announced on June 4, Industrialist Harsh Goenka has listed out his expectations from Prime Minister Narendra Modi's third term in office as predicted by the exit polls.

Dabur India chairman, Anand Burman, was offered a seat on the board of Religare Enterprises multiple times, but he declined the request each time, claimed the financial services company's chairperson Rashmi Saluja. Instead, the Burman family confidant, Arjun Lamba, wanted to join the board, she added.

Religare Enterprises has filed a defamation suit against shareholder advisory firm InGovern Research Services for publishing reports on the company without allegedly verifying facts and for not reaching out to its leadership for response. This is a rare case of a firm dragging a local shareholder advisory firm to court over its reports. InGovern confirmed receiving notices from Religare and said it has responded to them through its lawyers.

IAMAI) have written to the Ministry of Corporate Affairs, expressing divergent views from the association’s recent submission opposing ex-ante regulation proposed in the draft Digital Competition Bill (DCB). The companies — Bharat Matrimony, Match Group, Hoichoi and ShareChat — said the industry body’s submission was not reflective of the entire digital startup ecosystem or IAMAI’s diverse membership of over 540 companies, and urged the ministry to proceed with ex-ante regulations at the earliest to curb what they deemed the anti-competitive practices of Big Tech companies.

₹1.28 for Q4 which increased by 113.32% Y-o-Y. Healthcare Global Enterprises has delivered -0.28% return in the last 1 week, -3.16% return in the last 6 months and -2.05% YTD return.Currently, Healthcare Global Enterprises has a market cap of ₹4986.57 Cr and 52wk high/low of ₹401 & ₹306 respectively.

₹776.40 and hitting a new all-time high of ₹797 per share.Adani Total Gas followed closely as the second top performer, rising 9.6% to settle at ₹1,047 per share. Other group stocks, including Adani Enterprises, Adani Green Energy, Adani Ports & Special Economic Zone, Adani Wilmar, Adani Energy Solutions, ACC, Ambuja Cements, and NDTV, also saw gains ranging from 2.5% to 9%.Also Read: India Ratings upgrades Adani Green Energy to ‘IND AA-’ with stable outlookThis rally was attributed to the positive sentiment highlighted by global brokerage firm Jefferies, which noted that the conglomerate has recovered from the losses incurred during the Hindenburg episode and is now back on an "expansion spree," planning a USD 90 billion capex over the next decade.In January last year, U.S.

Spreadsheets remain a go-to application in today’s workplace, but depending on how they’re used, they can hamstring efforts to incorporate artificial intelligence into operations, chief information officers say. As enterprises remain under pressure to leverage generative AI, CIOs say it’s more important than ever to keep their enterprise data properly managed—and the continuing popularity of tools such as Microsoft Excel and Google Sheets isn’t making the task of managing corporate data any easier, they say.

The NSE Nifty index ended the session 42.05 points up at 22530.7, while BSE Sensex rose 75.71 points to 73961.31.

Oxyzo Financial Services, the lending arm of B2B commerce unicorn OfBusiness, has reported Rs 903 crore in operating revenue for FY24, up 59% from Rs 569 crore a year ago. The Gurugram-based company’s net profit rose 47% to Rs 290 crore, from Rs 197 crore in FY23.