Enterprise Financial News

Top Gainers and Losers in the Nifty Index TodayThe top gainers in the Nifty index today were Adani Enterprises (up 6.80%), Adani Ports & Special Economic Zone (up 3.90%), Shriram Finance (up 2.23%), Coal India (up 1.88%), and Tata Steel (up 1.86%). On the other hand, the top losers in the Nifty index were Divis Laboratories (down 2.39%), Nestle India (down 2.08%), Tata Consultancy Services (down 1.74%), Maruti Suzuki India (down 1.58%), and LTI Mindtree (down 1.49%).The bank nifty ended at 48,682.35, with an intraday high of 49,122.55 and a low of 48,569.05.

The NSE Nifty index was trading 35.2 points up at 22523.85, while BSE Sensex was up 154.46 points at 74040.06 at the time of writing this report.

₹17.65, reflecting a 75.52% year-over-year increase.Despite the positive financial results, Apollo Hospitals Enterprise experienced a -3.41% return in the last week, while showing a 4.3% return in the last 6 months and a 1.09% year-to-date return.The company currently boasts a market capitalization of ₹82,912.71 Cr and has a 52-week high/low of ₹6,874.45 and ₹4,686 respectively.Analysts covering the company have mixed ratings, with 2 analysts giving a Sell rating, 1 analyst giving a Hold rating, 15 analysts giving a Buy rating, and 6 analysts giving a Strong Buy rating as of 31 May, 2024.The consensus recommendation as of the same date was to Buy.FAQsQuestion : What is the Q4 profit/Loss as per company?Ans : ₹253.8CrQuestion : What is Q4 revenue?Ans : ₹4943.9CrStay updated on quarterly results with our results calendarMilestone Alert! Livemint tops charts as the fastest growing news website in the world

Sun Pharmaceutical Industries: The pharmaceutical company has agreed to a preferential offer to acquire a 14.28% stake in the Indian Foundation for Quality Management for ₹12.5 crore. Meanwhile, the US FDA announced that a US-based unit of Sun Pharma is recalling 35,069 bottles of medication used to treat high pressure inside the eye due to glaucoma or other eye diseases.Apollo Hospitals Enterprises: The company reported a consolidated net profit of ₹253.8 crore for the quarter ended March, a 76% increase from the same period a year ago, driven by reduced losses in its pharmacy, health, and lifestyle segments.

U.S. stocks ended lower on Thursday, with the Nasdaq falling more than 1% and technology shares leading declines after a disappointing Salesforce forecast. Investors also digested data showing the economy had grown slower than previously expected in the first quarter. A separate report showed weekly jobless claims rose more than expected.

The U.S. Department of Justice (DOJ) announced on May 29 an international law enforcement operation to disrupt the 911 S5 botnet, a major cybercriminal enterprise, which resulted in the arrest of YunHe Wang, a Chinese national, for his role in deploying malware and operating a proxy service used for various cybercrimes.

Stocks that are trading heavily or have substantial price changes on Thursday: Salesforce, Agilent fall; HP, Foot Locker rise

Google plans to invest $2 billion in Malaysia, developing its first data center and a Google Cloud hub in the latest big foray by a U.S. tech giant in the Southeast Asian country

The importance of bed tables lies in their ability to transform ordinary spaces into multifunctional hubs where individuals can seamlessly transition between work, relaxation, and leisure activities without ever having to leave the comfort of their beds. In this list of the best bed tables under 300, affordability meets quality, ensuring that everyone can enjoy the benefits of a well-designed and practical bed table without exceeding their budget.

AI and clean energy: Prepare for the global economy that's emergingMoreover, the consumer electronics industry is set to contribute to this growth, driven by the steady rise in AI-specific chips used in personal computers. This trend is expected to continue over the next three years, the report said.Gartner's analysis indicates that 'AI PCs', including desktops and laptops equipped with dedicated chips for AI tasks, will account for just over one-fifth of all new desktop and laptop sales worldwide this year.“By the end of 2026, 100% of enterprise PC purchases will be an AI PC," the report said, highlighting the potential impact of Microsoft’s announcement on the launch of AI PCs earlier this month.On 20 May, Microsoft CEO Satya Nadella introduced 'Copilot+ PCs', a set of specifications mandating brands to incorporate chips with dedicated neural processors to enhance new features available on Microsoft’s Windows operating system.

Reliance Industries Limited (RIL) has been named one of the World's Most Influential Companies by TIME magazine, making its second appearance on the prestigious TIME 100 list. This recognition places Reliance in the 'Titans' category, highlighting its transformative impact across various sectors in India and beyond. According to a press release, Reliance now holds the unique distinction of being the only Indian company to have been included twice in this elite list. This recognition comes after Jio Platforms, a subsidiary of Reliance, was included in the inaugural TIME 100 Most Influential Companies List of 2021. This distinction makes Reliance the only Indian company to receive this recognition twice, showcasing its continued impact and influence on a global scale.

Adani Green Energy Limited (AGEL) from 'IND A+' to 'IND AA-', with a Stable outlook. This significant upgrade underscores AGEL's robust operational performance, enhanced execution capabilities, and improved financial health, on May 30.The upgrade reflects AGEL’s strong operational asset performance, increased annual capacity additions, and healthy counterparty diversification.

Prestige Estates Projects Ltd.(up 1.48 per cent), Macrotech Developers Ltd.(up 0.96 per cent) and Mahindra Lifespace Developers Ltd.(up 0.59 per cent) were among the top gainers.

Sikko Industries Ltd.(up 2.03%) were among the top gainers.

shares of Awfis Space Solutions listed on the exchanges on Thursday with a premium of 13.6%. The stock debuted at Rs 435 on NSE as against an issue price of Rs 383 per share. Ahead of the listing, the company's shares traded with a GMP of Rs 125 in the unlisted market.

stocks are under the F&O trade ban on Thursday viz. ABFRL, GMR Airports Infrastructure, Hindustan Copper and Vodafone Idea. Piramal Enterprises managed to get out of the ban while GMR Airports Infrastructure is a new entrant for the day.

Bloomberg reported.Also Read |Awfis Space Solutions IPO listing date today. GMP, experts signal strong debut of sharesIn a letter titled “What Glass Lewis Got Wrong About Tesla", the electric vehicle maker accused the adviser of omitting key considerations, using faulty logic, and relying on speculation and hypotheticals.

Q4 FY2024 Earnings: The Indian equity market is expected to buzz on May 30, 2024, as 908 companies will post their earnings for the fourth quarter that ended March 31, 2024. Among these companies, ten notable ones are Apollo Hospitals Enterprise, Bharat Dynamics, Black Box, Gateway Distriparks, Godfrey Phillips India, Hindustan Adhesives, Muthoot Finance, Reliance Capital, Reliance Infrastructure, and Welspun Corp.First Custodian Fund (India), Fourth Generation Information Systems, Aanchal Ispat, Aarey Drugs & Pharmaceuticals, Aartech Solonics, Aashka Hospitals, Aayush Food and Herbs, Abhishek Infraventures, Arunjyoti Bio Ventures, Ace Software Exports, Amrapali Capital and Finance Services, ACS Technologies, Active Clothing Co, Adarsh Mercantile, Aditya Ispat, Archidply Decor, ADS Diagnostic, Aditya Forge, Advait Infratech, Advik Laboratories, Advance Lifestyles, Artemis Electricals and Projects, Affordable Robotic & Automation, Ambassador Intra Holdings, Authum Investment & Infrastructure, Ajanta Soya, Ajel, AJR Infra And Tolling, AKM Creations, A.K.

Turno, an electric vehicle distribution and financing startup, has raised $6 million from impact investor British International Investment (BII) and venture capital firms Quona Capital, Stellaris Venture Partners and B Capital. Founded in April 2022 by former Zoomcar C-suite executives Hemanth Aluru and Sudhindra Reddy, the Bengaluru-based startup offers financing solutions to small and mid-size enterprises as well as individuals who plan to buy commercial three-wheeler (3W) electric vehicles.

fiscal deficit could come in marginally lower than the downwardly revised estimate of 5.8% of GDP on the back of robust revenues and lower subsidy outgo, officials said. Tax revenues could exceed the upwardly revised estimate of ₹26.99 lakh crore by ₹27,000 crore. «Fiscal deficit is marginally narrower than even the revised estimates — both in percentage as well as absolute terms,» a senior official told ET. FY24 fiscal deficit in absolute terms was pegged at ₹ 17.3 lakh crore. The government would announce its final accounts for FY24 on May 31. For the next financial year (FY25), the Centre has fixed the fiscal deficit target at 5.1% of the GDP.

ConocoPhillips agreed to acquire Marathon Oil Corp in an all-stock deal valuing the company at about $17 billion, extending a major buying spree among the largest players in the oil and gas industry in the United States. The move expands ConocoPhillips' footprint in domestic shale fields from Texas to North Dakota and hands the company reserves as far afield as Equatorial Guinea. It adds to a wave of recent megadeals as producers seek new drilling sites on a bet that oil and gas demand will remain robust for years to come.