Enterprise Financial News

14.05 / 05:13

Provident Google CEO Enterprise Pride performer Features OpenAI launches revolutionary GPT-4o for free, CEO Sam Altman feels like ‘AI from movies’

ChatGPT. GPT-4o is an advanced version of the AI technology powering the widely used generative tool, ChatGPT. To be freely available to all users as OpenAI rolls it out globally, GPT-4o boasts improved performance and efficiency.

14.05 / 03:15

Citi Enterprise BASF Colgate-Palmolive GTL International Pharmaceuticals Q4 Results Today: Airtel, Siemens, BASF India, Apollo Tyres, PVR Inox among 97 companies to post earnings on May 14

Q4 Results Today: Bharti Airtel, Siemens, Colgate-Palmolive (India), BASF India, Apollo Tyres, and PVR Inox, among 97 companies expected to post their earnings on May 14 for the fourth quarter that ended on March 31, 2024. On May 13, the benchmark indices continued their upward trajectory.

13.05 / 15:23

markets IPO Maxim Racing Enterprise reports Warburg Pincus wins a heated race for Shriram Group’s housing finance biz

MUMBAI : US-based investment giant Warburg Pincus Llc has sealed a close contest among some of world’s top private equity players for Shriram Group’s housing finance subsidiary, in a deal valued at ₹4,630 crore. Warburg Pincus will acquire a controlling stake in Shriram Housing Finance Ltd (SHFL) from Shriram Finance Ltd (SFL) and other sellers through its affiliate Mango Crest Investment Ltd.

13.05 / 11:37

markets MET Enterprise Justice show Courts Capital gains tax applicable on gifted shares? Here’s what Bombay High Court ruling says

Setting a precedent, the Bombay High Court has ruled that shares transferred by way of gift cannot be subject to capital gains tax. In a case of transfer of shares pertaining to Mumbai-based Jai Trust, justices K R Shriram and Neela Gokhale held that capital gains tax cannot be claimed when there is no consideration in a transaction.

13.05 / 11:37

Enterprise country Updates MSME delayed payment: Check updated online process to file application against your buyer

Delay in recovering dues from businesses for goods and services sold is one of the biggest challenges MSMEs face in the country. According to the delayed payment monitoring portal by the government MSME Samadhaan, 1.89 lakh delayed payment applications have been filed by MSMEs involving Rs 43,160 crore since October 2017, of which only 36,074 cases involving Rs 6,235 crore have been disposed of by the facilitation councils.

13.05 / 06:17

Provident Manufacturing Enterprise trends information shock Interviews Why has official Indian data on informal enterprises been kept under wraps?

Measuring India’s manufacturing sector remains a data challenge,’ Mint, 15 May 2023). Speaking to The Economist recently, India’s former chief statistician Pronab Sen argued that the old GDP series (2004-05 base year) may have captured real growth rates more accurately. Sen had earlier suggested that India’s recent GDP figures were likely to be overestimated because of how informal-sector growth was accounted for.

13.05 / 05:57

markets SUN Enterprise Trade Updates Pharmaceuticals Stock market update: Sugar stocks down as market falls

Magadh Sugar & Energy Ltd.(up 1.15%) and Triveni Engineering & Industries Ltd.(up 0.66%) were among the top gainers.

13.05 / 03:21

markets UPS Enterprise performer reports recommendations Pharmaceuticals Stocks to watch: Tata Motors, ICICI Bank, Vedanta, Piramal Enterprises, Zomato

Tata Motors: The company reported a 222% surge in net profit to ₹17,407.2 crore in Q4FY24, driven by strong performance across all auto businesses. The company's total revenue rose 14.3% to ₹1.2 lakh crore. The board recommended a final dividend of ₹6 per ordinary share and ₹6.20 per ‘A’ ordinary share for FY24.

13.05 / 00:33

security Enterprise WhatsApp reports International IIHL seeks RBI approval to pledge 100% of RCap's shares

IIHL BFSI (India) has sought the banking regulator's approval to pledge 100% shares of Anil Ambani-promoted Reliance Capital, the company it acquired in a bankruptcy resolution, to raise ₹8,000 crore, people with knowledge of the matter told ET. IndusInd International Holdings (IIHL), a holding company of IIHL BFSI (India), received the NCLT nod to buy the financial services firm for ₹9,661 crore.

12.05 / 17:41

markets UPS economy Enterprise pandemic trends Post-Covid capex pumps PSU muscles

market capitalisation of listed PSUs coincides with GoI's efforts to revive the economy post-Covid through capex. For most of the decade leading up to the pandemic, PSUs were losing valuation, relative to their earnings, as investors chased fancier private companies. Two things changed after Covid.

12.05 / 16:09

CEO Gemini Enterprise Coherent Inside information Mint Primer | An OpenAI search engine? Decoding the growing buzz

Business Insider, prompting it to invest $16 million in French AI startup Mistral AI that rivals OpenAI. Microsoft is also building its own AI model, MAI-1, says The Information. This team is led by Mustafa Suleyman, former CEO of Google’s DeepMind and AI startup Inflection before Microsoft acquired Inflection for $650 million.

12.05 / 15:21

markets COST UPS Provident Manufacturing Enterprise Rooftop solar subsidy scheme a billion dollar opportunity for Tata Power

PM Surya Ghar Muft Bijli Yojana, established this February, looks to provide subsidies for rooftop solar installation to 10 million households. Sinha reckons the scheme could generate demand for 25-30 GW of solar modules over its duration. Tata Power wants to cater to 5-6 GW of this demand, he said.

12.05 / 06:19

UPS Target Enterprise Parke wellness country Adani Enterprises to invest ₹80,000 crore in FY25 in new energy, airports, roads, PVC biz and data centres

Gautam Adani-led group's flagship firm that has interests spanning from new energy to airports and data centres, plans to spend ₹80,000 crore across businesses in the current financial year, a senior company executive said. A bulk of the capital expenditure planned for 2024-25 (April 2024 to March 2025) fiscal will be on new energy businesses and airports, said Saurabh Shah, deputy chief financial officer, at an analyst call, transcript of which was released by the company.

12.05 / 00:45

Enterprise WhatsApp reports Courts International Hindujas get Irdai nod for buying Reliance Capital business; conditions apply

acquisition of Reliance Capital’s life, general and health insurance businesses on condition it will not pledge shares of the companies, said people with knowledge of the matter. The Hinduja Group is yet to receive the approval of the Reserve Bank of India (RBI) and the Competition Commission of India (CCI) for the deal to be concluded, the people said. IRDAI gave its approval on Friday evening, adding that “the shares of the insurer shall not be pledged or encumbered” without the regulator’s approval, according to one of the persons cited.

11.05 / 18:51

markets Action Enterprise Parke Trade rights Dividend Stocks: TCS, Coforge, others to trade ex dividend, Canara Bank to trade ex-split next week; Full list here

Dividend Stocks: Shares of several companies including Godrej Consumer Products, Tata Consultancy Services (TCS), Coforge, among several others will trade ex-dividend in the coming week starting from Monday, May 13. Along with these, some other stocks will also trade ex-split, ex-rights, and ex-bonus. Some companies have also announced other corporate actions including E.G.M, according to data on the BSE.

11.05 / 05:59

UPS Target Digital Progressive Enterprise reports IT sector FY25 outlook: Uncertain macros to weigh on growth, says Prabhudas Lilladher; likes HCL Tech, TCS, LTI Mindtree

Also Read: Will chatbots eat India's IT industry? The operating margin was flat QoQ for the IT sector at 19.7%. The deal TCV during the quarter was strong at $27 billion, up 33% QoQ.

11.05 / 04:55

markets UPS FIVE security Enterprise Food trends Q4 Results Today: APL Apollo Tubes, Jaiprakash Associates, Hi-Tech Pipes, among 29 companies to post earnings on May 11

3P Land Holdings, Advanced Enzyme Technologies, APL Apollo Tubes, ATV Projects India, Banswara Syntex, Bridge Securities, CCL Products (India), Control Print, Dharani Finance, DJ Mediaprint & Logistics, D-Link (India), Dolphin Offshore Enterprises (India), Gayatri Bioorganics, Gold Coin Health Foods, Gujarat Containers, Hi-Tech Pipes and India Tourism Development Corporation will release their Q4 results today. Jaiprakash Associates, Meghmani Organics, Panchmahal Steel, Progrex Ventures, RAS Resorts & Apart Hotels, Shalimar Agencies, Scan Steels, Sheetal Cool Products, Siyaram Silk Mills, Savita Oil Technologies, TVS Srichakra and Vishwaraj Sugar Industries are also among 29 companies scheduled to post their Q4FY24 earnings on May 11.

11.05 / 04:53

markets Software Enterprise Election Immunic Honeywell trends Election concerns weigh as only 11 smallcaps post double-digit weekly returns

trend in the week gone by as valuation concerns clouded the already uncertain outlook that was prevailing due to general elections. The downtrend was particularly visible in the broader market, where both the BSE mid- and small-cap indices lost nearly 4% each.

10.05 / 12:03

markets Enterprise President Diversity 2020 reports Schools Wipro elevates Vinay Firake to head APAC, India, Middle East and Africa

Wipro on Friday announced the appointment of Vinay Firake as the chief executive officer, APMEA (Asia Pacific, India, Middle East & Africa) strategic market Unit (SMU), effective immediately. “Vinay will report to Srini Pallia and will also join the Wipro Executive Board,” Wipro said in an exchange filing.

10.05 / 08:37

UPS FIVE Analysis Enterprise show performer Big stock movers of past year have brought fat returns

₹10 lakh at IRFC's lowest price each day and sold at the highest price (or short-sold at the highest price and bought back at the lowest), they could have made ₹1.17 crore in a year. Even capturing 20% of these gains would yield an annual return of over 200%. Intra-day movement is calculated as the difference between the daily high and low prices, divided by the low price.

10.05 / 08:37

markets IPO security Citigroup Enterprise Trade band Indegene IPO allotment out. Latest GMP, listing date, how to check status

Demat accounts by today, May 10, or tomorrow, May 11. The company will refund the application money to the investors whose bids were rejected. The refunds will also be made by today or tomorrow Investors can check Indegene IPO allotment status online through the official website of BSE or the portal of IPO registrar.

Enterprise Financial News

popular questions about Enterprise

What is Enterprise and why is it relevant?

Where can I find the latest updates on Enterprise?

How can I verify the accuracy of information on Enterprise?