Enterprise Financial News

Investing.com — Here are the biggest analyst moves in the area of artificial intelligence (AI) for this week.

spam. Again. Last month, it recommended that all network operators should implement caller name display service on mobile phones and that all smartphone makers should enable this feature within a stipulated period. Battling unwanted calls and messages is nothing new to Trai, which has deployed every advanced weapon, from blockchain to artificial intelligence. But nimble-footed spammers have always been a step or two ahead of it, and unwanted messages and calls continue to flood the phones. In 2018, Trai introduced a novel blockchain-based architecture called distributed ledger technology (DLT), to ensure consent-based calling and messaging as well as to create business opportunities for enterprises and telcos.

Zee Entertainment Enterprises MD & CEO Punit Goenka has taken the first step to streamline the organisation by implementing strategic changes in the revenue vertical of the broadcast business. Under this new structure, Goenka will be directly working with the revenue teams. Ashish Sehgal, the company’s chief growth officer for ad revenue, will report directly to Goenka after Rahul Johri resigned as revenue and monetisation vertical head. In line with the new lateral structure being implemented, Sehgal will now work closely with Goenka to maximise value for the advertisers. All other reportees of Johri will report to the office of Goenka. “I also look forward to working closely with Ashish and team, with an aim to drive higher growth in the advertisement revenue segment as the linear business landscape unlocks more growth opportunities,” Goenka said in a statement.

Canada Pension Plan Investment Board has agreed to acquire a minority stake in Telecom Italia SpA’s landline network.

Wedbush raised its price target for Palantir (NYSE:PLTR) to $35 from $30 in a note Friday, maintaining an Outperform rating on the stock.

Investing.com — U.S. futures steadied Friday, as investors awaited the release of the key monthly jobs report for clues as to when interest rate cuts are likely to occur.

International Women's Day: On the occasion of International Women’s Day, Bank of Baroda has announced attractive offers and benefits for its women accountholders on the opening of either a bob Mahila Shakti Savings Account or a bob Women Power Current Account – accounts designed specifically for women. This offer is applicable for accounts opened till June 30, 2024 and loan facilities availed till December 31, 2024.

By Max A. Cherney and Arsheeya Bajwa

BMF chronicles the narrative of Demetrius “Big Meech” Flenory and Terry “Southwest T” Flenory, the masterminds behind the Black Mafia Family, a significant crime syndicate originating in Detroit during the 1980s. Season three progresses the storyline into the 1990s as the brothers venture into Atlanta to broaden their enterprise.

telecom regulator shall soon issue a mandate to demarcate separate numbering series for transactional versus marketing calls made by businesses for commercial purposes. Currently, only 140 number series are allocated for all kinds of commercial purposes. These could in future be classified into (140) marketing and (160 or 161) for service calls to easily identify the purpose of the caller. The move is complementary to Trai's (telecom regulatory authority of India) recent recommendations for network operators as well as mobile device makers to enable display of caller's name, both for personal phone numbers as well as enterprise callers. «The DoT has approved our recommendation to allocate separate series which have been tested for both purposes...Trai shall soon issue a direction in this regard,» a senior Trai official told ET.

MUMBAI : Mumbai: Gaming firm Nazara Technologies seeks to acquire Smaaash Entertainment Pvt. Ltd through the insolvency and bankruptcy process, two people aware of the matter said. As part of the corporate insolvency resolution process, Nazara will submit its resolution plan by 9 March to revive the bankrupt firm.

Wealth tech provider Advyzon is looking to kick-start its next chapter of growth as it welcomes two prominent names in the industry to its leadership team.

Fortis Healthcare , Max Healthcare Institute, Healthcare Global (Medanta) , Apollo Hospitals Enterprise ltd share price have declined up to 13.5% in last one month. The Supreme court directive to homogenize prices across hospitals has led to increased concerns on the regulatory risks.

Mallya emphasized the significant water requirement by tech hubs, estimating that even a tech hub with 5,000 employees would require approximately 1 lakh litres of water daily, equivalent to 10-12 tanker loads. He stressed the necessity for industries to adapt and problem-solve. While IT firms may not face immediate production cuts due to the nature of their work, Mallya noted that other industries are struggling to meet their commitments. He underscored the importance of honoring manufacturing obligations, citing examples such as original equipment manufacturers (OEMs) supplying to the automobile sector, who cannot afford to use water shortage as an excuse for delays.

Anil Agarwal took to social media site X (formerly known as Twitter), to express that he is optimistic about India's growing electric vehicles segment enabling job creation in the country. In a post on March 7, the industrialist noted that EVs use up to six times more minerals compared to conventional vehicles and if played out correctly, the need for these resources could drive up jobs in the local mining sector. He further added that a "explore, mine and make in India" mantra by startups and small and medium enterprises (SMEs) will be an important factor in tapping the "massive potential" for job creation in the country.

Tata Motors: On March 6, global rating agency, Moody's, confirmed the BA3 ratings of Tata Motors, maintaining a positive outlook, reported PTI. In addition, Moody's Investors Service stated that it has also confirmed the Ba3 senior unsecured instrument ratings of Tata Motors Ltd (TML). According to Moody's obligations, 'Ba' ratings are considered to have speculative elements and carry a significant credit risk.

Strategic Investment Plans (SIPs) of nine states, including Rajasthan, West Bengal and Gujarat, that seek to bring down the cost of compliance and improve access to credit for micro, small and medium enterprises there, a government official told ET. «A total of Rs 713 crore has been approved for these nine SIPs,» the official added. SIPs of Meghalaya, Chandigarh, Tripura, Nagaland, Uttarakhand and Himachal Pradesh also received go-ahead on Wednesday. So far, 25 states and union territories have submitted SIPs to the ministry of micro, small and medium enterprises since the roll out of the scheme in 2022. Tamil Nadu, Karnataka and Maharashtra were the early states to submit SIPs, while Arunachal Pradesh, Chhattisgarh, Jharkhand and Manipur are yet to submit their SIPs.

Adani Enterprises announced that its Dubai-based arm, Ospree International FZCO, has successfully acquired 100% stake in France-based Le Marche Duty Free SAS (LMDF) for a sum of 5,000 euros. This strategic move aims to bolster the company's presence and growth within the duty-free industry. Adani Enterprises emphasized the significance of this acquisition in a filing to the exchange, highlighting its alignment with the expansion goals of Mumbai Travel Retail Private Limited.

NEW DELHI : The Competition Commission of India (CCI) on Wednesday gave effect to two schemes under which it will offer negotiated settlements in antitrust cases and accept commitments from businesses for change in their behaviour in order to avoid an investigation. The sought after commitment and settlement schemes were added to the Competition Act last year itself by way of legislative amendments.

Shree Karni Fabcom IPO: Small and medium enterprise (SME) Shree Karni Fabcom initial public offerings (IPO) opened for subscription on March 6 and will on March 11. Shree Karni Fancom Limited produces customized knitted and woven fabrics for industries such as luggage, medical arch support, chairs, shoes, and apparel. They specialize in Woven Fabrics, Knitted Fabrics, Coated Fabrics, and polyester, and source yarn, resin, acrylic, and coating chemicals to produce specialized technical textiles.