Enterprise Financial News

economic policy trajectory whether Prime Minister Narendra Modi wins a third term in office or not, former central bank Governor Raghuram Rajan said. “There is a lot of continuity built into Indian policy," Rajan said in an interview Tuesday with Bloomberg TV’s David Ingles.

₹16,600 crore through qualified institutional placement (QIP) and other methods.The Board of Directors of Adani Enterprises, at its meeting held on May 28 has approved raising of funds by way of issuance of equity shares and other eligible securities or any combination thereof, for an aggregate amount of ₹16,600 crore by way of qualified institutional placement (QIP) or other permissible mode in one or more tranches, Adani Enterprises said in a regulatory filing.However, the fundraising will be subject to the receipt of the necessary approvals including approval of the members at the ensuing Annual General Meeting of the Company scheduled to be held on Monday, 24th June, 2024 and other regulatory and statutory approvals, the billionaire Gautam Adani-led company added.Also Read: NCLAT upholds Adani Goodhomes’ resolution plan for Radius EstatesOn Monday, another Adani Group firm, Adani Energy Solutions, had approved raising up to ₹12,500 crore via a QIP or other permissible methods.On Monday, another Adani Group firm, Adani Energy Solutions, had approved raising up to ₹12,500 crore via a QIP or other permissible methods.In 2023, the flagship Adani Group company Adani Enterprises came with a follow-on public offer (FPO) to raise ₹20,000 crore.

TRP game zone, where a tragic fire last week killed 27 people, an official told PTI on May 28.Dhaval Thakkar, the proprietor of Dhaval Corporation, which operated the TRP game zone alongside five partners of Raceway Enterprises, was apprehended in Abu Road, Rajasthan.

Stock to buy today: Ugro Capital share price has been in uptrend after ushering in the new financial year 2024-25. The NBFC stock bottomed out at around ₹215 per share level at the end of March 2024. After bottoming out and touching 52-week los of ₹210.25 ion 26th March 2024, Ugro Capital share price has rallied to the tune of ₹272 apiece level, recording nearly 25 percent rise from its 52-week low.

Adani Group goes back to growth mode post the Hindenburg crisis, the board of Adani Enterprises on Tuesday approved fundraising of Rs 16,600 crore via the QIP route. «We wish to inform you that the Board of Directors… has inter-alia approved raising of funds by way of issuance of such number of equity shares having face value of Re 1 each of the Company and/or other eligible securities or any combination thereof for an aggregate amount not exceeding Rs 16,600 crore or an equivalent amount thereof by way of qualified institutional placement (QIP) or other permissible mode in one or more tranches,» Adani Enterprises said in a regulatory filing.

Oberoi Realty Ltd.(up 0.57 per cent), Sunteck Realty Ltd.(up 0.37 per cent) and Macrotech Developers Ltd.(up 0.33 per cent) were among the top gainers.

Gujarat police have arrested one more partner of the Rajkot-based TRP game zone where a devastating fire last week killed 27 persons, an official said on Tuesday. Dhaval Thakkar, the proprietor of Dhaval Corporation, which ran the TRP game zone along with five partners of Raceway Enterprises, was arrested from Abu Road in neighbouring Rajasthan, Banaskantha Superintendent of Police Akshayraj Makwana said. With this, four persons have so far been arrested in connection with the fire incident at the game zone on Saturday. «Thakkar was arrested from Abu Road in a joint operation carried out by the Rajkot and Banaskantha police last night,» Makwana said.

China has set up the country's largest-ever semiconductor investment fund to propel development of the domestic chip industry, the latest effort from Beijing to achieve self-sufficiency as the US seeks to restrict its growth. The third phase of National Integrated Circuit Industry Investment Fund has amassed 344 billion yuan ($47.5 billion) from the central government and various state-owned banks and enterprises, including Industrial & Commercial Bank of China Ltd, according to Tianyancha, an online platform that aggregates official company registration information. The fund was incorporated on May 24.

commercial complex Godrej One to Godrej Industries for Rs 157 crore. Along with the office space spread over 8th and 9th floor of the North wing of the commercial tower, Godrej Industries will also get exclusive access to a total 75 car parking slots in the building. The buyer has paid stamp duty of Rs 9.42 crore for the registration of the transaction. The office space on the 9th floor has already been leased to managed flexible workspace provider Simpliwork Offices for a period of 60 months until March 31, 2026. This lease will also be transferred to Godrej industries as the new landlord, showed the documents accessed through Propstack.

Nazara Technologies share price rallied over 11.50 per cent on Monday to ₹685 per share, hitting 52-week high after the company said that the promoter Mitter Infotech sold 6.38 percent stake to Plutus Wealth Management through a block deal, on May 27. Plutus Wealth Management has been a pre-IPO investor in Nazara Technologies since 2020.“The Block Trade will provide liquidity for the promoters who have dedicated 25 years to the Company’s growth.

Hindustan Aeronautics (HAL) revenues are linked to service income to past product sales and recurring. Product business should rise faster as the government is encouraging domestic aircraft manufacturing. GE's tie-up shows the potential of moving up in the OEM status among global defence companies.

Adani Enterprises has become a dominant forcein the nation's infrastructure and energy sectors. It’s a diversified powerhouse with a strategic industrial ecosystem. Headquartered in Ahmedabad, this Adani group leader boasts a multifaceted portfolio.

₹104 to ₹110 per share, while the IPO lot size is 1,200 shares. The minimum investment amount required by retail investors is ₹132,000.

Also Read: Stocks to buy or sell: Sumeet Bagadia recommends 5 breakout stocks today“Over the medium to long-term, we anticipate the consolidation in favour of organised developers to gather steam. Moreover, rising capital intensity of the realty business, credit crunch and focus on execution are likely to aid developers with strong balance sheets and established brands. With the uptick in the housing space along with the comfort on the debt reduction front, developers have ramped up their business development activity, leading to the strengthening of launch pipelines and spurred pre-sales growth," the brokerage said in a report.

PTI.Rajkot Deputy Commissioner of Police (crime) Parthrajsinh Gohil confirmed that the police also arrested Yuvrajsinh Solanki, a partner in the Raceway Enterprise, which operated the TRP game zone.ALSO READ: Rajkot, Delhi Fire News LiveThe police also registered an FIR against Dhaval Corporation proprietor Dhaval Thakkar, Raceway Enterprise partners Ashoksinh Jadeja, Kiritsinh Jadeja, Prakashchand Hiran, Yuvrajsinh Solanki, and Rahul Rathod.All the accused have been booked under Indian Penal Code sections 304 (culpable homicide not amounting to murder), 308 (attempt to commit culpable homicide), 337 (causing hurt by an act that endangers life or personal safety of others), 338 (causing grievous hurt to a person by doing an act that endangers their life or personal safety) and 114 (someone present when the offence is committed), as per the FIR.ALSO READ: Rajkot gaming zone fire: Stock of petrol, one exit point and no fire NOC - What we know so farAccording to the FIR, the accused persons erected a 50-metre-wide and 60-metre-long structure using metal sheet fabrication, which reached a height of around two stories, to create a game zone.The FIR added that they did not have proper firefighting equipment and had not obtained the local fire department's no-objection certificate (NOC).Though two accused in the FIR have been arrested, the crime branch has formed four teams to capture the four absconding accused.

Tata Steel, LIC, IRCTC, Cummins India, Samvardhana Motherson International, Mazagon Dock Shipbuilders, Apollo Hospitals Enterprise, Bharat Dynamics, Aditya Birla Fashion and Retail, and National Aluminium Company, will be releasing their March quarter report cards this week. Here’s the list: May 27

GQG Partners' investment in Adani group stocks over the last year has surged nearly 172%, with half of the group stocks erasing all losses incurred since the US-based short-seller Hindenburg's adverse report on the group. The US-headquartered boutique investment firm invested ₹38,500 crore ($4.6 billion) in six Adani group stocks between March and October last year. As of Friday, the value of this investment stood at ₹96,431 crore ($11.62 billion).

Season 3 is coming and that too very soon as the filming and production phase of this upcoming season has been officially wrapped up, according to the latest report by 'Collider'. The highly anticipated series, set for a release soon revolves around Capt. Christopher Pike and the crew of USS Enterprise.

Tennessee’s attorney general says his office is looking into a company’s attempt to sell Elvis Presley’s home Graceland at a foreclosure auction, a move that was stopped by a judge after the king of rock n’ roll’s granddaughter filed a lawsuit claiming...

Gurugram (Haryana) [India], May 23: Benepik, a global leader in rewards and loyalty, proudly made in India announces the launch of its tech-enabled Corporate Gifting Hampers. Combining sophistication and thoughtful curation with its proprietary technology, these offerings are set to transform the way businesses build and strengthen relationships with clients, employees, and channel partners.Benepik, India’s largest Reward Gateway, has reported aggressive growth over the past two years. It works with more than 500+ enterprise customers including BFSI, Pharma, FMCG, Consumer Appliances, Market Research, Construction, EdTech, and PSUs.

Suryoday Small Finance Bank, said at Mint Digital Innovation Summit on Friday.Speaking about the implementation of AI and generative AI services responsibly in the all-important banking and financial services industry, Sharma said the adoption of standards for AI will define benchmarks for the quality of datasets, transparent audits of these datasets, referencing of data and, most importantly, building an understanding of AI models for the right implementation.“There are key themes when one is looking at mass adoption of AI, including whether the data is voluminous enough. If the answers to such questions is yes, you’ll have a checklist to move ahead in AI adoption. Be it AI or generative AI, they can only do as much as is provided.