Enterprise Financial News

₹87, which is 30% higher than the issue price of ₹67. Premier Roadlines IPO subscription period ran from Friday, May 10, until Tuesday, May 14. Premier Roadlines IPO price band was set between ₹63 and ₹67, with a face value of ₹10.

Rajshree Sugars & Chemicals Ltd.(up 3.99%), Triveni Engineering & Industries Ltd.(up 3.36%), Dhampur Sugar Mills Ltd.(up 2.33%), Bajaj Hindusthan Sugar Ltd.(up 2.19%), Kothari Sugars & Chemicals Ltd.(up 1.37%), Sakthi Sugars Ltd.(up 1.34%), Shree Renuka Sugars Ltd.(up 1.20%), DCM Shriram Industries Ltd.(up 1.14%), Simbhaoli Sugars Ltd.(up 1.08%) and Uttam Sugar Mills Ltd.(up 1.04%) were among the top gainers.

NTPC Green Energy to bid for National Investment and Infrastructure Fund-owned Ayana Renewable Power, according to people aware of the matter. They said ONGC and NTPC Green Energy may explore a joint offer or the former could bid solo. Ayana’s enterprise value has been pegged at about $2 billion. JSW Neo Energy, Sekura Energy, Masdar, Macquarie and Sembcorp have submitted non-binding offers to acquire a controlling stake in the Bengaluru-headquartered renewable energy company, ET had first reported on May 4. NIIF will draw up a shortlist of bidders over the next few weeks after which they will be allowed to conduct detailed due diligence on the company and submit binding offers, ET had reported. ONGC formed a new company in February to house its green energy investments. ONGC Green will invest in wind and solar power plants as well as green hydrogen and green ammonia. NTPC Green, which was carved out of listed NTPC two years ago, has announced plans for an initial public offering (IPO).

Shares of Oberoi Realty Ltd.(up 8.71 per cent), Sunteck Realty Ltd.(up 4.45 per cent), Brigade Enterprises Ltd.(up 1.93 per cent), DLF Ltd.(up 1.92 per cent) and Phoenix Mills Ltd.(up 1.44 per cent) ended the day as top gainers in the pack.

Shares of Chinese property developers surged on rising expectations that government entities in China are moving to help buy up excess housing in a bid to revive the struggling real-estate sector. The Hang Seng Mainland Properties Index, which tracks Chinese property developers listed in Hong Kong, was up 5.6% in afternoon trading Thursday.

ALSO READ: Unwanted promotional calls to attract hefty fines; new guidelines as early as this month Taking to X, Nandy wrote, “I’m sorry but I am no longer taking calls from unknown numbers. Almost every call I get is a marketing call, coming from different cities and even overseas, despite my DND status. I know this may inconvenience some who need my urgent attention but I am tired of this undeclared war on my privacy." Nandy's tweet garnered over 99.2k views and 151 comments.

Hero MotoCorp and state-run Bharat Heavy Electricals (BHEL) and NHPC could move to the largecap category from midcap in the upcoming Amfi Semi-Annual Categorisation for second half of 2024 when the official list is released in July. The other stocks which could make a cut are Zydus Lifesciences, JSW Energy, Bosch and Cummins India, said Nuvama. BHEL, Bosch and Cummins India are borderline stocks, the note said.

Saudi Arabia. The facility is strategically located at Al Jubail, off the Dammam-Abu Hadriyah Highway. L&T Valves is one of the largest suppliers of on-off valves to Saudi Arabia, the company said in a statement.

Indian regulators are pro-actively driving a dynamic and multifaceted transformation within the real estate sector. A wave of progressive regulatory reforms including implementation of the RERA Act (2016) for enhancing developer responsibility, GST for streamlining taxation, REIT regulations (2014) for paving a new asset class have all helped in fostering accessibility, transparency and stability for discerning investors.

Bikaji Foods International Ltd.(up 5.26%), Vadilal Industries Ltd.(up 4.51%), LT Foods Ltd.(up 4.15%), Sheetal Cool Products Ltd.(up 2.31%), Jyothy Labs Ltd.(up 2.06%), Parag Milk Foods Ltd.(up 1.78%), Marico Ltd.(up 1.32%), Hatsun Agro Products Ltd.(up 1.06%), Umang Dairies Ltd.(up 1.05%) and Adani Wilmar Ltd.(up 0.89%) were among the top gainers.

F&O ban list: Twelve stocks have been banned for trade on Thursday, May 16, 2024, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as they crossed 95% of the market-wide position limit (MWPL), according to the NSE. However, these stocks will be available for trading in the cash market.

₹321.6 crore in the December quarter, against a net loss of ₹401.3 crore a year earlier. With its ambitious expansion plans across the green energy ecosystem, ReNew has been looking at options to raise funds both through asset sale and debt financing. In February, Mint reported that ReNew Energy Global Plc is in talks with Singapore’s Sembcorp Industries Ltd to sell solar energy projects totalling 350 megawatts (MW), with the deal estimated to be valued at around $241 million at the enterprise level and around $121 million in terms of equity.

he started Fractal. All the co-founders pooled in about ₹2 lakh each. “I got my ₹2 lakh from my mother.

In the landscape of finance, a radical shift is ongoing, it challenges the traditional investment landscape for financial gains. This transformation is vainly guarded by Social Stock Exchanges (SSEs); it prioritizes investing in social and environmental causes along with monetary returns. As the world is facing numerous challenges, climate change, poverty, social injustice, and inequality, SSEs provide an opportunity for investors to align financial objectives with societal development.

Shares of Brigade Enterprises Ltd.(up 7.9 per cent), Sobha Ltd.(up 4.95 per cent), Prestige Estates Projects Ltd.(up 3.68 per cent), Oberoi Realty Ltd.(up 3.62 per cent) and Macrotech Developers Ltd.(up 2.17 per cent) ended the day as top gainers in the pack.

considering discussing generative AI and making enterprise-wide changes on them. This comes on the back of more than half the respondents stating that GenAI’s impact on their business model will be greater than that of previous disruptive technologies like the internet and smartphones. Also Read: AI asymmetry: Can our IT service firms close their gap with GenAI rivals? At least 54% of senior executives who have responded believe that their company is a long way from fully leveraging Al, with the primary barrier being the quality and availability of enterprise data.

F&O ban list: Nine stocks have been banned for trade on Wednesday, May 15, 2024, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as they crossed 95% of the market-wide position limit (MWPL), according to the NSE.

Modi Enterprises plans to take cosmetics firm Colorbar public within three years, betting on robust prospects of the Indian beauty and personal care market. Speaking to ET, managing director Samir K Modi said Colorbar will touch Rs 1,000-crore revenue next fiscal and expand in international markets. The company currently owns and operates Colorbar, 24Seven, and Modicare brands.

The NSE Nifty index ended the session 113.8 points up at 22217.85, while BSE Sensex rose 328.48 points to 73104.61.

Swedish financial technology company Klarna said Tuesday that nearly 9 out of 10 employees in its 5,000-strong workforce are now using generative artificial intelligence tools in their daily work.

nation's GDP and approximately 45% to India’s total exports. With the government's pro-SME policies, including easier loans through the Mudra Scheme, tax benefits, and initiatives like ODOP & PLI scheme, the future looks even brighter. This presents accredited investors with an opportunity to make exponential gains by investing in SME companies.