Enterprise Financial News

05.04 / 13:21

markets COST Target Entertainment Enterprise President performer Zee to cut 15% of workforce

NEW DELHI : ZEE Entertainment Enterprises Ltd will lay off an estimated 15% of its staff as managing director and chief Punit Goenka moves to implement a leaner and more streamlined management structure, aimed at reducing costs and achieving the company's targeted objectives. The move will impact an estimated 500 people. The company said on Friday that a proposed new structure, presented to the Board, seeks to establish a cost-efficient operational model.

05.04 / 11:59

Enterprise WhatsApp J&J Healthcare Trade reports Johnson & Johnson to buy Shockwave Medical for $12.5 bln

Shockwave Medical for $12.5 billion, in a deal that would help broaden its portfolio of medical devices used in treating heart diseases. The transaction — which is J&J's biggest since its $16.6 billion acquisition of heart pump maker Abiomed in 2022 — would give it access to a medical device that uses shockwaves to break down calcified plaque in heart vessels, similar to how kidney stones are treated.

05.04 / 07:23

markets COST Entertainment Enterprise Sony President International Zee sees another exit

NEW DELHI : Punit Misra, president of content and international markets at Zee Entertainment Enterprises Ltd (ZEEL), has quit the company. During his tenure, Misra was instrumental in managing content for Zee's linear television networks and its digital platform, ZEE5, catering to both domestic and international audiences. He also spearheaded the company's global business initiatives.

05.04 / 05:45

markets UPS Merit Enterprise Trade performer Why JSW Energy’s equity dilution move at the parent level makes sense

JSW Energy Ltd has decided to raise up to ₹5,000 crore from qualified institutional placement (QIP) of equity in one or more tranches at a floor price of ₹510. Assuming that the entire amount is raised at the floor price, it will lead to about 6% equity dilution. The company had the option of either raising funds in the parent company or in JSW Neo Energy, a wholly owned subsidiary having green energy generation projects.

04.04 / 20:30

Provident Twitter FIVE Enterprise President Diversity New Jersey's 3 nuclear power plants seek to extend licenses for another 20 years

The company that owns New Jersey’s three nuclear power plants says it will seek federal approval to operate them for another 20 years

04.04 / 18:03

UPS Provident Enterprise PINK Universities classical Features Best mosquito net tents under 2500: Indoor and outdoor solutions for protection against insect bites

04.04 / 13:01

UPS Enterprise love Experts reports International Prince Harry 'uncomfortable' with Meghan Markle's new business. Here's why

The Mirror's report citing royal expert Tom Quinn, Prince Harry, who although supports wife Meghan in her venture, is not very sure about a part of her new business. Quinn was quoted saying, "Harry thinks the new brand is a great idea because it's Meghan's idea he's still so loved up that she can do no wrong in his eyes" However, he said that Harry has grown up in the Royal family, one that would've looked down on a commercial enterprise like that of Meghan.

04.04 / 12:49

COST CEO Entertainment Enterprise Sony country reports NCLAT reserves order on IDBI, Axis Bank pleas against Zee-Sony merger

IDBI Bank and Axis Bank challenging the Zee-Sony merger which has been called off. The appellate tribunal will decide on 15 April whether the challenges to legal sanction of the Zee-Sony merger could be heard when the merger itself has been called off. IDBI Bank and Axis Bank had urged NCLAT to defer the pending case until the National Company Law Tribunal (NCLT) decides on Zee's plea to enforce the merger.

04.04 / 08:09

markets Target Enterprise Trade Universities performer reports Stocks to buy: Tech Mahindra, Coforge, Birlasoft among top IT stock picks by Nomura ahead of Q4 results

Tata Consultancy Services (TCS) to report the strongest revenue growth of +1.5% QoQ in CC terms and expect Tech Mahindra to post the weakest growth of -1.6% QoQ in CC terms. In midcaps, it expects the strongest growth of +3.7% from L&T Technology Services (LTTS). Read here: Q4 results preview: IT sector likely to report muted revenue growth with stable margins; all eyes on FY25 guidance EBIT margins across most companies is estimated to have improved sequentially with the exception of HCL Technologies, LTIMindtree and eClerx Services, which may report some decline due to salary hikes, weak seasonality and investments.

04.04 / 01:47

CEO Enterprise performer track Take the SIP route to join Trust MF's hunt for 'gorillas'

Trust Mutual Fund's first equity product offering may be better suited for investors looking to stagger their investments using the Systematic Investment Plan (SIP) route, said investment advisors. The asset manager is launching Trust Flexi Cap Fund whose new fund offer will be open between April 5 and 19. The fund, which will be managed by Mihir Vora and Akash Manghani, will manage a portfolio of 40-50 stocks. The fund managers will combine investment philosophies including growth at a reasonable value (GARV) and terminal value (TV) to pick stocks.

04.04 / 01:47

Provident Manufacturing CEO Action Enterprise Healthcare Schools Wipro Infra Engineering counting on AI tech boom, govt’s manufacturing push to reach $1 billion mark

Wipro Infrastructure Engineering (WIN), industrial engineering division of billionaire Azim Premji’s Wipro group, is betting on artificial intelligence (AI) and the government’s manufacturing push to drive its $1-billion growth plans as it plans to accelerate its automation business, top executives said. WIN has seen initial success in data analytics following the acquisition of Linecraft.ai about a year ago, which has helped its customers increase efficiencies in the 7%-15% range, Pratik Kumar, managing director and CEO of Wipro Enterprises, told ET.

03.04 / 12:25

UPS Platform Enterprise Matrix reports Schools LogiNext cofounder Manisha Raisinghani's startup SiftHub raises $5.5 million from Matrix, Blume Ventures, others

SiftHub, an artificial intelligence-enabled platform for enterprise sales teams, on Wednesday said it has raised $5.5 million in a seed round of funding led by Matrix Partners India and Blume Ventures. The San Francisco-headquartered startup was founded by Manisha Raisinghani, cofounder and former chief technology officer of Tiger Global Management-backed software-as-a-service (SaaS) startup LogiNext Solutions. ET had first reported about the deal talks in June 2023.

03.04 / 07:27

markets UPS Enterprise Trade Updates Multibagger NALCO share price rises 5% to 52-week highs on strong business updates; achieves record production and sales

National Aluminium Co. Ltd. ) share price gained more than 5% during the intraday trades on Wednesday on strong business updates.

03.04 / 06:11

markets UPS Enterprise Trade Lexus Updates Stock market update: Mining stocks up as market rises

Lexus Granito(India)Ltd.(up 7.57%), Oriental Trimex Ltd.(up 4.95%), Aro Granite Industries Ltd.(up 4.93%), MOIL Ltd.(up 4.72%), Sandur Manganese & Iron Ores Ltd.(up 3.34%), Madhav Marbles & Granites Ltd.(up 2.96%), The Orissa Minerals Development Company Ltd.(up 1.90%), NMDC Ltd.(up 1.42%), 20 Microns Ltd.(up 1.05%) and Gujarat Mineral Development Corporation Ltd.(up 0.67%) were among the top gainers.

03.04 / 05:33

markets UPS Enterprise Trade AGRO Updates Stock market update: Fertilisers stocks up as market falls

Agro Phos India Ltd.(up 12.32%), Gujarat State Fertilizer & Chemicals Ltd.(up 6.43%), Nagarjuna Fertilizers and Chemicals Ltd.(up 4.60%), Madras Fertilizers Ltd.(up 4.19%), National Fertilizers Ltd.(up 3.72%), Gujarat Narmada Valley Fertilizers & Chemicals Ltd.(up 2.98%), Southern Petrochemicals Industries Corporation Ltd.(up 2.80%), The Fertilisers and Chemicals Travancore Ltd.(up 2.62%), Zuari Agro Chemicals Ltd.(up 2.46%) and Sikko Industries Ltd.(up 2.39%) were among the top gainers.

03.04 / 05:33

markets Enterprise Trade rock reports Updates Multimedia Stock market update: Nifty Realty index falls 1.31% in a weak market

Brigade Enterprises Ltd.(up 0.86 per cent), Phoenix Mills Ltd.(up 0.57 per cent), Prestige Estates Projects Ltd.(up 0.41 per cent), Mahindra Lifespace Developers Ltd.(up 0.22 per cent) and Swan Energy Ltd.(up 0.13 per cent) were among the top gainers.

03.04 / 03:41

markets UPS Platform security Enterprise President OneDigital snaps up Texas-based wealth and retirement practice

OneDigital has made another move to bolster its wealth management and retirement business with an addition to its RIA subsidiary in Texas.

03.04 / 02:49

Enterprise Election wellness Trade country Department The India-EFTA pact’s highlight is its investment aspect

In many ways, the recently concluded agreement between India and the European Free Trade Association (EFTA) is mainly a confidence building measure for India in the run-up to trade agreements likely to be pursued after general elections with the EU and UK. In most cases, the I-EFTA pact will have limited impact—India’s principal import from the four-nation group, gold, is not subject to pre-determined tariff reductions, while agricultural imports are excluded.

03.04 / 02:27

Progressive CEO Entertainment Enterprise trends performer reports Stocks to Watch: UltraTech Cement, ZEEL, Mahindra Finance, JSW Energy, Zomato

UltraTech Cement: The company has announced its plan to allocate ₹32,400 crore for capital expenditure over the coming three years, aiming to expand its operations. The firm intends to augment its capacity to approximately 200 million tonnes per annum (MTPA) in the near term. In addition, the company has reported the initiation of two new greenfield projects with an aggregate capacity of 5.4 MTPA.

02.04 / 16:29

Google security Enterprise hospital testing Schools Features Best fire alarms under 3000: Ensure affordable safety with top-rated options

List of the best fire alarms under 3000

02.04 / 13:59

Provident Target CEO Entertainment Enterprise reports ZEE MD & CEO Punit Goenka takes voluntary 20% pay cut in cost-cutting drive

ZEE Entertainment Enterprises (ZEE), MD & CEO, Punit Goenka on Tuesday announced his decision to implement a 20 per cent reduction in his remuneration. «Frugality, Optimization and a Sharp Focus on Quality Content are the three key tenets of the plan implemented by Punit Goenka, to drive the Company to the targeted goals; and the above mentioned voluntary decision, is in line with this approach,» Zee said in a statement. In FY23, Goenka received a remuneration of Rs 35 crore, including Rs 21 crore in salary and allowances, Rs 9 crore in variable pay, a one-time payment of Rs 5 crore, and a provident fund contribution of Rs 0.2 lakh, according to the company’s annual report.

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