Enterprise Financial News

NMDC with a 'buy' rating, establishing a target price of ₹297 per share. Despite the company's shares already surging by 140% in just 10 months, this new target price suggests another 20% increase from the stock's previous closing price of ₹248 per share. Additionally, reaching this target would mark a 14-year high for the stock, with the last similar milestone achieved back in April 2010.

edtech platforms to upskill themselves in green technology and sustainability. Edtech firms like Coursera, Emeritus, UpGrad and Terra.do are seeing high enrolment rates for courses related to ESG reporting, climate technology, carbon accounting, lifecycle analyses, etc. There is also an increasing trend of engineers wanting to learn the tech stacks used in the climate tech industry, or product managers learning how to reduce emissions of their digital products.

Moderna is expected to announce a partnership Wednesday with artificial-intelligence heavyweight OpenAI, a deal that aims to automate nearly every business process at the biotechnology company and boost the ChatGPT maker’s reach into the enterprise. As part of the transaction, some 3,000 Moderna employees will have access to ChatGPT Enterprise, built on OpenAI’s most advanced language model, GPT-4, by the end of this week. Further integration of AI into more of its processes could help Moderna outpace its plan to roll out 15 new products within the next five years, the Cambridge, Mass., company said.

Shares of Prestige Estates Projects Ltd.(up 1.83 per cent), Brigade Enterprises Ltd.(up 1.82 per cent), Mahindra Lifespace Developers Ltd.(up 1.8 per cent), Macrotech Developers Ltd.(up 1.24 per cent) and DLF Ltd.(up 0.94 per cent) ended the day as top gainers in the pack.

Now more than ever, financial advisors are considering their independent freedom. That is, getting the freedom to run their practice how they want to. But doing so requires a lot of tools – and time.

Deepak Fertilisers & Petrochemicals Corporation Ltd.(up 9.80%), Chambal Fertilisers & Chemicals Ltd.(up 5.74%), Rashtriya Chemicals & Fertilizers Ltd.(up 5.71%), The Fertilisers and Chemicals Travancore Ltd.(up 5.61%), Gujarat State Fertilizer & Chemicals Ltd.(up 4.70%), Nagarjuna Fertilizers and Chemicals Ltd.(up 3.39%), Paradeep Phosphates Ltd.(up 3.00%), Southern Petrochemicals Industries Corporation Ltd.(up 2.91%), National Fertilizers Ltd.(up 2.84%) and Gujarat Narmada Valley Fertilizers & Chemicals Ltd.(up 2.51%) stood among the top gainers.

Mrs. Bectors Food Specialities Ltd.(up 5.80%), Godrej Consumer Products Ltd.(up 2.93%), Vadilal Industries Ltd.(up 2.44%), Colgate-Palmolive(India)Ltd.(up 2.15%), Nakoda Group Of Industries Ltd.(up 1.96%), Heritage Foods Ltd.(up 1.70%), Emami Ltd.(up 1.43%), Patanjali Foods Ltd.(up 1.43%), Tasty Bite Eatables Ltd.(up 1.41%) and Prataap Snacks Ltd.(up 1.24%) stood among the top gainers.

20 Microns Ltd.(up 5.87%), NMDC Ltd.(up 5.74%), Sandur Manganese & Iron Ores Ltd.(up 5.00%), Gujarat Mineral Development Corporation Ltd.(up 3.50%), MOIL Ltd.(up 2.51%), KIOCL Ltd.(up 2.34%), The Orissa Minerals Development Company Ltd.(up 1.53%), Oriental Trimex Ltd.(up 1.14%), Pokarna Ltd.(up 0.71%) and Coal India Ltd.(up 0.66%) stood among the top gainers.

startup LetsTransport has raised $22 million in a funding round led by Bertelsmann India Investments. The round also saw participation from Rebright Partners, NB Ventures, ALES Global, Stride Ventures, CAC Capital and others. The funds will be used for expanding market presence, scale adjacent business verticals and to achieve profitability.

₹18,951 crore, while revenues saw an 11% increase to over ₹2.4 trillion. Its core oil-to-chemicals business faced a few headwinds downstream, while a surge in offshore-gas output shored up hydrocarbons upstream, where oil was subject to global flux, even as Reliance Retail and telecom under Jio fared fairly well, turning in double- or near-double-digit growth on both counts. As far as numbers go, the annual results drew wider attention—as usual, for a whole new proportion of operations achieved over the year.

Jio has now emerged as the world's largest mobile operator in data traffic consumption, surpassing China Mobile. The total traffic on the Jio network has reached 40.9 exabytes compared with China Mobile's 38 exabytes during the January-March quarter, according to global analytics firm Tefficient. Jio also holds the second largest 5G subscriber base globally at 108 million, with more than 28% of its total wireless data traffic now being consumed by 5G users, the company said in its analyst presentation. To be sure, Jio's average revenue per user (ARPU) also reflects the impact of subscriber additions of JioBharat phone users, who are value customers, and the unlimited 5G promotional plans. Analysts say Jio's strong pace of user additions and consequent market share gains will augur well for revenue conversion in near term, as and when tariff hikes are undertaken. They expect tariff hikes of 20-25% soon after the upcoming general elections, which end early June.

Advisor360, a prominent software provider for wealth management enterprises, has announced succession in its leadership as it taps a distinguished industry veteran.

₹50,000 crore corpus, out of which ₹10,006 crore would come from the Centre and the rest from private capital or venture capital funds. The ministry of MSMEs last month tweeted saying that about ₹7,593 crore investment has been ploughed into 425 MSMEs in the past three years. In addition, 51 daughter funds – an alternative investment fund -- have been empanelled under the NSIC Venture Capital Funds (NVCFL).

TBO Tek received regulatory nod from Sebi to raise funds through an IPO. The issue includes fresh equity of Rs 400 crore and an offer for sale of up to 1.56 crore shares. The company had filed a draft prospectus in November last year.

₹179 apiece. This increase was fueled by investor enthusiasm following the company's impressive financial performance in Q4FY24 and for the full fiscal year of FY24.

Medical marijuana can now be legally purchased in North Carolina with the Eastern Band of Cherokee Indians opening its long-planned dispensary this weekend on tribal land

InterGlobe Enterprises and technology industry veteran C P Gurnani have come together to launch an artificial intelligence business venture AIonOS. The joint venture was announced by Rahul Bhatia, Group Managing Director of InterGlobe and Gurnani, Executive Vice Chairman of AIonOS in the national capital on Tuesday. InterGlobe is a diversified group with focus on travel, transportation, logistics and hospitality. The country's largest airline IndiGo is part of it.

Zee Entertainment Enterprises Ltd. traded 0.14 per cent up at Rs 142.65 at around 11:51AM (IST) on Monday. The stock had closed at Rs 142.85 in the previous session. Equity benchmark Sensex traded 429.03 points higher at 73517.36 around the same time.

Vishweshwar Reddy, the BJP candidate from Chevella Lok Sabha constituency in Telangana, has surfaced as one of the wealthiest contestants in the state. His family assets, disclosed in an affidavit submitted to the election authorities, total a staggering Rs 4568 crore. Reddy submitted his nomination on Monday, revealing details of his movable and immovable assets, and liabilities. The politician possesses 17.77 lakh shares of Apollo Hospital Enterprises Ltd valued at Rs 973.22 crore, while his wife Sangita Reddy holds 24.32 lakh shares worth Rs 1500.85 crore. Sangita Reddy, who serves as the Joint Managing Director of Apollo Hospitals Group, established by her father Dr C Prathap Reddy, boasts assets worth Rs 3209.41 crore. Reddy himself holds assets amounting to Rs 1250 crore, with the remainder being owned by their son.

Wipro saw a fall in their combined workforce by almost 64,000 in FY24. While data points to improving demand, companies remain cautious on hiring. Wipro is fulfilling its previous hiring commitments.

AI offers a wealth of opportunities, from streamlining operations to driving innovation and delivering personalised customer experiences. Failure to embrace AI integration means missing out on the efficiency gains, insights, and strategic advantages that AI brings to the table. One of the primary areas where AI is making significant strides is automation.