Enterprise Financial News

PTI. Earlier on 21 February, Joshi (86) was admitted to Hinduja Hospital after suffering a cardiac arrest.

Chief Minister and senior Shiv Sena leader Manohar Joshi passed away on Friday morning after he suffered a cardiac arrest. Joshi (86), was admitted in the ICU of P D Hinduja Hospital on Wednesday and was severely ill, the hospital had said in a statement on Thursday. Joshi was the Chief Minister of Maharashtra from 1995 to 1999 and the Speaker of the Lok Sabha from 2002 to 2004.

F&O ban list: A total of 15 stocks have been banned for trade on Friday, February 23, 2024, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as it crossed 95 per cent of the market-wide position limit (MWPL), according to the NSE. However, the stocks will be available for trading in the cash market.

There is a large literature on the varieties of capitalism seen around the world. In their Introduction to the much-cited volume on Varieties of Capitalism (Oxford University Press, UK, 2001), Hall and Soskice classified capitalist countries into two broad groups: Liberal market economies (LMEs) such as the US, UK, Canada, Australia, New Zealand, and coordinated market economies (CMEs) such as Germany, France, Japan, Sweden and Austria. In LMEs, firms coordinate their interaction with each other and other stakeholders through hierarchies and the market.

The ceremonial commencement of Berger's manufacturing facility took place on February 15, 2024. Hon’ble Chief Minister Naveen Patnaik inaugurated the facility and participated in the groundbreaking ceremony alongside Government dignitaries and Berger Paints officials.

Mint in August last year, chairman and managing director (CMD) Rahul Munjal said that Hero Futures Energies will look at several options to raise funds over the next two-three years, including the launch of an IPO. He had added that the company will plan new fundraises, including private investments and accessing public markets. London-headquartered Hero Future Energies has a 3 gigawatt (GW) operational and under-construction portfolio across India, Ukraine and Vietnam, and an additional 2 GW pipeline.

₹814 per share during today's trading session, amid a strong surge in volumes, marks the end of the stock's two-day decline. By 10:15 a.m., a total of 3.2 lakh shares were traded on both the NSE and BSE.

₹1,054.40 apiece on Thursday after the company announced expansion plans in Chennai. The real estate developer Brigade Enterprises has signed a joint development agreement with PVP Ventures Limited to develop a 2.5 million square feet, high- rise residential project, spread across 16 acres in Perambur, Chennai.

The former wealth head of First Republic Bank, one of the casualties of last year’s regional banking crisis, has entered into a partnership with Boston-based private equity firm Summit Partners as he seeks to launch a new RIA.

Cisco Systems, which specializes in both networking and security solutions. Daisy Chittilapilly, India and SAARC president, Cisco told ET that as companies seek to monetize investments made in the 5G telecom infrastructure and harness the insatiable appetite for data to drive India’s announced ascent to the top three of the global economic leaderboard, the company expects New Delhi to become a top revenue-generating market for its suite of products and services.

Arun Mathew, a Silicon Valley-based partner at venture capital fund Accel, focuses on investments in the enterprise space, SaaS (software-as-a-service), cloud and security. Mathew, who is also involved in Accel’s Indian portfolio firms like Freshworks and BookMyShow, is bullish about the SaaS ecosystem, highlighting the engineering talent now available to join these companies along with the cost advantages of building global firms from here.

Nitrogen unveiled numerous upgrades to its fintech suite aimed at boosting the efficiency and growth of financial advisors and wealth firms.

ADIA, Stonepeak, DigitalBridge, KKR and Permira are among those tapped to acquire US buyout group Carlyle’s 24.04% stake in Bharti Airtel’s data centre arm, Nxtra Data Ltd (NDL), people aware of the matter said. The Carlyle Group, among the world’s largest investment firms, is looking to sell the stake for Rs 7,000-7,500 crore, valuing Airtel’s data centre unit at Rs 24,000-29,000 crore ($3-3.5 billion, inclusive of debt), the people cited said. Bharti Airtel owns 75.96% of Nxtra Data, a leading player in India’s data centre industry. Airtel has first right of refusal on the stake but is reckoned to have waived it, said the people cited.

Passive income from dividends has become the lifeblood of many investors, and is one of the many reasons why they keep faith in the stock market. Even the father of value investing Benjamin Graham agreed. In his words, “The true investor will do better if he forgets about the stock market and pays attention to his dividend returns and to the operation results of his companies." The assumption is that companies paying out a slice of their earnings to shareholders typically have a record of strong profits.

BENGALURU : Daniel Dines, co-founder of enterprise automation software company UiPath, who stepped down as co-CEO to become the company’s chief innovation officer, insists that while generative artificial intelligence (GenAI) models can increase business productivity manifold, the world will need a bigger breakthrough for these models to develop human-like reasoning capability. In an interview during his visit to Bengaluru where the company set up its first office outside Romania, he spoke about how robotic process automation (RPA) is being used with GenAI to enhance customer experience, and why entrepreneurs will find it hard to survive if they simply build chatbots atop large language models (LLMs). Edited excerpts: I was lucky to find a great CEO (Rob Enslin) to do the go-to-market and day-to-day operations.

₹2,000 crore in the accounts of the company. In a setback for Zee Entertainment Enterprises Ltd (ZEEL), capital market regulator Securities and Exchange Board of India (SEBI) has unearthed a financial discrepancy exceeding $240 million or around ₹2,000 crore in the accounts of the company, Bloomberg News reported.

₹2,000 crore in the accounts of Zee Entertainment Enterprises, Bloomberg reported. This comes as another setback for the beleaguered media firm, occurring within a month of the collapse of its merger with Sony Group Corp's India unit. As part of its investigation into Zee founders, SEBI has disclosed that approximately ₹2,000 crore ($241 million) may have been redirected from the company.

By Blake Brittain

₹321.6 crore for the quarter ended December. During the corresponding period of the last fiscal, the company had reported a net loss of ₹401.3 crore. Its total income during the quarter under review was ₹1,929 crore, nearly 20% higher than ₹1,607.7 crore earned during Q3 FY23.

Zee Entertainment Enterprises Ltd., dealing another blow to the embattled media firm less than a month after its merger with Sony Group Corp’s local unit collapsed. As part of its investigation into the Zee founders, the Securities and Exchange Board of India, or Sebi, found that about 20 billion rupees ($241 million) may have been diverted from the company, said people familiar with the matter who did not want to be identified as the information is not public yet. That’s roughly ten times more than initially estimated by Sebi investigators, the people said. The amount found missing is not final and may change after Sebi reviews the responses from the company executives, the people said. The regulator has been calling in senior officials at Zee including founders, Subhash Chandra, his son Punit Goenka and some board members to explain their stance, they added.

MOUNTAIN VIEW, CA, and NOIDA, India (Feb. 20, 2024) – HCLSoftware, an independent software division of HCLTech and a global leader in enterprise software solutions, is set to unveil its advanced artificial intelligence (AI) and sovereign cloud-fueled technology solutions showcasing innovations in delivering improved citizen-centric services at the Uttar Pradesh Groundbreaking Ceremony 4.0 (GBC 4.0) this week at the Indira Gandhi Pratishthan, Lucknow.