Enterprise Financial News

Also Read | ‘Concerned officers should be suspended’: Supreme Court raps U'khand govt for no action against Patanjali Catalyst Service had outsourced the samosa supply to another firm, Manohar Enterprises. The police revealed that Firoz Shaikh and Vicky Shaikh, who were employees of Manohar Enterprises, had allegedly stuffed condoms, gutka, and stones into the samosas.

Phoenix Mills Ltd.(up 3.82 per cent), Macrotech Developers Ltd.(up 1.38 per cent), Sobha Ltd.(up 1.16 per cent), Prestige Estates Projects Ltd.(up 0.54 per cent) and Mahindra Lifespace Developers Ltd.(up 0.46 per cent) were among the top gainers.

At this year’s China Development Forum (the highest-level annual meeting between senior Chinese policymakers and top CEOs, current and former policymakers, and academics like me), the discussion focused squarely on the risk of China falling into the dreaded ‘middle-income trap.’ After all, few emerging economies have successfully joined the ranks of high-income countries. Will China be an exception to this pattern? Following 30-plus years in which China achieved annual growth rates close to 10%, its economy has slowed sharply this decade. Even last year, with a strong rebound from the “zero-covid" era, officially measured growth was only 5.2%.

Reliance Industries share price has seen strong gains of more than 14% in 2024 and remains amongst top 10 Sensex stock gainers . Nevertheless if considered from closing lows in October 2023, the gains for Reliance Industries stock stand at phenomenal 31.6%. Morgan Stanley Research has maintained outperform ratings for Reliance Industries with target price of ₹3046 indicating more upside for the stock.

The NSE Nifty index ended the session 23.55 points down at 22642.75, while BSE Sensex fell 58.8 points to 74683.7.

RBC Wealth Management is adding another half a billion in assets to its enterprise as its Western US division drafts two multigenerational advisor teams that collectively managing $500 million in client assets.

Fintech provider Pontera has just announced the latest addition to its web of relationships with wealth firms with an agreement to expand access to its secure, client-permissioned platform for managing 401(k) plans to advisors with Ameritas.

MUMBAI : Mumbai: New-age lender Veritas Finance Pvt. Ltd is preparing to raise ₹2,000 crore from an initial public offering, and has appointed Kotak Mahindra Capital Co., Jefferies, HDFC Ltd and ICICI Securities to help it with the share issue, three people with knowledge of the development said. Last year, the Chennai-based non-banking financial company had raised ₹1,200 crore in equity funding from Multiples PE and International Finance Corporation, among others, to expand access to capital for India’s micro, small and medium enterprises (MSMEs).

Magadh Sugar & Energy Ltd.(up 1.25%), Triveni Engineering & Industries Ltd.(up 0.64%) and Dalmia Bharat Sugar and Industries Ltd.(up 0.18%) stood among the top gainers.

Zerodha's Nithin Kamath on Monday said the broker is doing everything in its capabilities to support non-profit organisations to raise funds from the public. A social stock exchange allows the listing of not-for-profit organisations on stock exchanges that provides an alternative fund-raising structure. So far, six non-profit organizations have raised money, and Zerodha is said to have supported them.

Lexus Granito(India)Ltd.(up 4.18%), Oriental Trimex Ltd.(up 2.04%), KIOCL Ltd.(up 2.03%), Sandur Manganese & Iron Ores Ltd.(up 1.26%), NMDC Ltd.(up 0.58%), 20 Microns Ltd.(up 0.36%) and Coal India Ltd.(up 0.11%) were among the top gainers.

Deepak Fertilisers & Petrochemicals Corporation Ltd.(up 0.68%) were among the top gainers.

Bandhan Bank, Hindustan Copper, Steel Authority of India (SAIL) and Zee Entertainment Enterprises (Zee). While Hindustan Copper, SAIL and Zee entered the ban list last week, Bandhan Bank is the latest entrant.

China's electric vehicle companies do not rely on subsidies to gain a competitive advantage and accusations by the U.S. and Europe of «overcapacity» are groundless, Commerce Minister Wang Wentao said on Sunday in Paris. Wang made the remarks at a roundtable meeting of Chinese firms in Paris, where he is set to discuss China's exports of EVs into the European market among other things.

Top Events of The Day: PM Modi to visit Telangana, Tamil Nadu and Karnataka, Total Solar Eclipse today. Meanwhile, SC will hear petition filed by the Shiv Sena-Uddhav Thackeray faction for April 8, NSE will introduce 4 new indices in capital market and F&O segment from April 8 and more PM Modi to visit Telangana, Tamil Nadu and Karnataka on April 8-9: Prime Minister Narendra Modi is scheduled to visit Telangana, Tamil Nadu, and Karnataka on April 8-9.

A senior government official told ET the plan is to roll out the labour codes from the beginning of the next fiscal year on April 1, 2025, to sync it with the business cycle. “However, it is important to come up with the rollout plan in advance so that enterprises get enough time to prepare for the changes that will come in with the codes,” the official said. The government has already begun working on possible challenges and is deliberating on how to monitor implementation.

Fintech provider Pontera has just announced the latest addition to its web of relationships with wealth firms with an agreement to expand access to its secure, client-permissioned platform for managing 401(k) plans to advisors with Ameritas.

artificial intelligence (AI) text-to-code tools such as IBM Codenet, Microsoft’s GitHub CoPilot, Amazon’s Code Whisperer as well as StarCoder by Service Now and Hugging Face etc, to enhance productivity. Some of these tools claim to increase efficiency by up to 50%. These Gen AI models can generate code from simple text prompts 55% faster and can even check code quality and reviews in almost every computer language, including C++, Java, Go, Python, COBOL, Pascal and Fortran. Small wonder then that they are sparking high levels of curiosity.

OpenAI is aiming to use its popular chatbot ChatGPT—it said 600,000 individuals pay for business versions of it—as a way to gain an entry into businesses and sell them its enterprise artificial-intelligence services. Those individuals are paying for ChatGPT Enterprise or ChatGPT Team, which make up what OpenAI calls its “business products," according to OpenAI Chief Operating Officer Brad Lightcap.

Singapore and India rose to USD 35.6 billion in 2022-23, a growth of 18.2 per cent on the year, a senior diplomat at the Indian High Commission here said on Saturday. Singapore is India's eighth largest trade partner (2022-23), with a share of 3.1 per cent of India's overall trade, T Prabakar, the First Secretary (Commerce) at the high commission said. He was addressing the Institute of Company Secretaries of India (ICSI) Third International Conference being held in Singapore from April 5-6. Trade between Singapore and India saw a growth of 18.2 per cent in the year and rose to USD 35.6 billion in 2022-23, Prabakar said.

Election Commission of India (ECI) has stepped up scrutiny of SMS and voice call campaigns by political parties, said people with knowledge of the matter. The poll panel is also in discussions with telcos to trace the trail of spending on these campaigns through telemarketers, aggregators and other participants in the value chain as it seeks to ensure that election expenditure limits aren't breached. Phone companies may need help to obtain all the information that's required. «We are trying to figure out how this could be implemented,» said one of the executives involved in the discussions. «The audit trail of all commercial messaging and calls can be tracked up to the last mile, thanks to the blockchain-based system that telecom companies have deployed for enterprise messaging. But for us to seek sensitive financial details of such deals from other participants, an official directive must come from ECI.» The telcos are conducting careful know-your-customer (KYC) verification of those who want to disseminate election-related information or advertisements.