Enterprise Financial News

20.02 / 13:29

Man Aware Entertainment Enterprise Sony film reports NOT Zee clarifies company not involved in any negotiations with Sony over deal

Zee Entertainment Enterprises on Tuesday clarified that it has not indulged in any negotiations with Sony over the merger deal, the company said in an exchange filing. It said, «We would like to clarify that the company has not involved in any negotiations, or any other event as stated in the above-mentioned article, and we categorically confirm that the abovementioned news item is factually incorrect.» «We wish to clarify that the company is not aware of any information that has not been announced to the exchanges which could explain the aforesaid movement in the trading, and we are not in a position to determine the material impact of the above-mentioned article on the company,» it further stated.

20.02 / 13:29

markets Provident Digital Platform Enterprise country reports India's AI market projected to reach $17 billion by 2027: report

India’s AI market is growing at a CAGR of 25-35% and is projected to reach around $17 billion by 2027, according to a new report by BCG and IT industry apex body Nasscom. As the investments in AI continue to increase, the demand for AI talent in India is also expected to grow at 15% CAGR by 2027, the report, titled «AI Powered Tech Services: A Roadmap for Future Ready Firms; AI & GenAI's Role in Turbocharging the Industry” launched on the sidelines of the Nasscom Technology & Leadership Forum 2024 said.

20.02 / 12:09

markets UPS Enterprise Trade AGRO Updates Stock market update: Nifty Realty index advances 1.16%

Shares of Swan Energy Ltd.(up 3.14 per cent), Macrotech Developers Ltd.(up 2.25 per cent), DLF Ltd.(up 1.81 per cent), Phoenix Mills Ltd.(up 1.48 per cent) and Godrej Properties Ltd.(up 0.85 per cent) ended the day as top gainers in the pack.

20.02 / 09:47

Target BLOCK Digital security Enterprise country reports Kaspersky says blocked over 74 million local threats in India last year

Kaspersky on Tuesday said 34 per cent of users in India were targeted by local threats in 2023, and that its products detected and blocked 74.3 million local incidents. These statistics represent the malicious programmes found directly on users' computers or removable media connected to them (flash drives, camera memory cards, phones, external hard drives) or that initially made their way onto the computer in non-open form (that is, programmes in complex installers or encrypted files). According to the latest report of Kaspersky, 34 per cent of users in India were targeted by local threats in the year 2023.

20.02 / 08:32

markets Provident Sustainability Enterprise Trade Cycling recommendations Flexi-cap vs large-cap: Which mutual fund is better and why?

diversification and willing to navigate market fluctuations. Flexi-cap schemes offer the flexibility to adjust allocations based on current market conditions and emerging opportunities. “Unlike the constraints of single large, mid or small-cap schemes, which focus solely on respective companies, flexi-cap schemes provide the opportunity to adjust the allocation according to prevailing market conditions and opportunities.

20.02 / 07:33

markets FIVE Aviat Airlines Enterprise Highways reports Decoding the five businesses Adani Group plans to list by 2028

Adani Enterprises started as a commodity trading business in 1988, specialising in agricultural goods and textiles. By the early 1990s, the company broadened its scope to include the import and export of both raw materials and finished products. Then, in the late 1990s, the company began diversifying across various sectors such as infrastructure, logistics and energy.

20.02 / 05:57

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

Oriental Trimex Ltd.(up 7.76%), Ashapura Minechem Ltd.(up 3.16%), Aro Granite Industries Ltd.(up 2.86%), Madhav Marbles & Granites Ltd.(up 2.42%), Lexus Granito(India)Ltd.(up 1.40%), 20 Microns Ltd.(up 0.97%), The Orissa Minerals Development Company Ltd.(up 0.19%) and Gujarat Mineral Development Corporation Ltd.(up 0.05%) were among the top gainers.

20.02 / 05:57

markets UPS Enterprise WhatsApp Trade Updates Stock market update: Sugar stocks up as market rises

EID Parry(India)Ltd.(up 5.92%), Sakthi Sugars Ltd.(up 5.23%), KCP Sugar & Industries Corporation Ltd.(up 4.84%), Bajaj Hindusthan Sugar Ltd.(up 3.75%), Dalmia Bharat Sugar and Industries Ltd.(up 3.73%), Shree Renuka Sugars Ltd.(up 3.36%), Ponni Sugars(Erode)Ltd.(up 3.23%), Bannari Amman Sugars Ltd.(up 3.20%), Ugar Sugar Works Ltd.(up 3.15%) and Simbhaoli Sugars Ltd.(up 2.86%) were among the top gainers.

20.02 / 04:33

UPS Entertainment Software Enterprise Trade show Zee Ent. shares up 4.03% as Nifty falls

Zee Entertainment Enterprises Ltd. rose 4.03 per cent to Rs 185.85 in Tuesday's trade. It hit an intraday high of Rs 192.0 and low of Rs 185.1, respectively, during the day. The stock quoted a 52-week high price of Rs 299.5 and low of Rs 152.5.

20.02 / 04:33

Target Entertainment Enterprise Sony Opera reports gatherings Picture abhi baki hai! Zee shares rally 7% as Sony merger talks re-start

Zee Entertainment Enterprises Ltd (ZEEL) rallied over 7% to the day's high of Rs 192 on Tuesday as the media house re-initiated talks for a merger with Sony Group after the $10 billion deal was cancelled last month. In a fresh dramatic twist, which is no less than an unending soap opera, Zee has re-engaged with Sony Group Corp in a last-ditch attempt to revive their merger,ET reported earlier today. According to the report, representatives from the two sides have held meetings across locations in Mumbai and efforts to salvage the deal have gathered momentum over the last fortnight.

20.02 / 01:07

markets Enterprise Trade electronic hospital International Dividend stocks: SAIL, Coal India, Apollo Hospitals, MSTC among 14 stocks to trade ex-dividend today

Dividend stocks: Shares of Steel Authority of India Ltd (SAIL), Coal India Ltd, Apollo Hospitals Enterprise Ltd, MSTC Ltd, Power Finance Corporation Ltd, Aurobindo Pharma Ltd, Hindustan Aeronautics Ltd, Centum Electronics Ltd, Amrutanjan Health Care Ltd, Hikal Ltd, Majestic Auto Ltd, Precision Wires India Ltd, Refex Industries Limited, TCI Express Ltd, and Choice International Ltd will be in focus when the stock market opens on February 20 (Tuesday). The Board of Directors of these companies have declared interim dividend and bonus issue for their eligible shareholders. The record date by the 15 companies to ascertain the eligibility of shareholders for their respective issues have been fixed on February 20.

19.02 / 20:27

markets Provident security Strategy Enterprise Research MetLife PNB MetLife unveils PMLI Small Cap Fund in its ULIP segment; all you need to know

On February 19, 2024, PNB MetLife India Insurance Company introduced the PMLI Small Cap Fund, a fresh addition to its Unit Linked Insurance Plan (ULIP) category. This newly launched fund presents policyholders with the prospect of accumulating wealth throughout the policy's duration by engaging in a varied equity portfolio, with a specific emphasis on small-cap enterprises. The unit price for this new fund is set at ₹10 during the new fund offer (NFO) period, spanning from February 19, 2024, to February 29, 2024.

19.02 / 11:05

markets Provident Digital Platform Mobile Enterprise TVS Mobility forms JV with Mitsubishi Corp for comprehensive vehicle mobility ecosystem in India

TVS Mobility on Monday said it has formed a joint venture with the Japanese conglomerate Mitsubishi Corporation to establish a comprehensive vehicle mobility ecosystem in India. As part of the collaboration, Mitsubishi Corporation will initially invest Rs 300 crore with both parties committed to support the growth of the joint venture. This investment is intended to propel both the parties' vision in relation to vehicle ownership in passenger cars, commercial vehicles and material handling equipment (MHE), TVS Mobility said in a statement. The business model will have the potential to achieve USD 2 billion revenue in the next 3-5 years' time, it added.

19.02 / 10:59

markets Enterprise Research trends Trade Experts Stock market today: Nifty 50, Sensex rise for 5th straight day; ICICI Bank, RIL among top contributors

BSE Midcap index closed with a gain of 0.29 per cent while the Smallcap index jumped 0.77 per cent. Also Read: Indian stock market: Why Nifty 50 index may touch record high this week — explained with 5 reasons The overall market capitalisation of the firms listed on the BSE rose to nearly ₹391.7 lakh crore from nearly ₹389.5 lakh crore in the previous session, making investors richer by about ₹2.2 lakh crore in a day.

19.02 / 09:25

Target CEO Enterprise stage Schools Pure EV raises $8 million in funding

Electric two-wheeler firm Pure EV on Monday said it has raised USD 8 million (around Rs 66 crore) from a consortium of investors. The funding was led by Bennett Coleman and Company Ltd, Hindustan Times Media Ventures, alongside Ushodaya Enterprises Pvt Ltd, existing investors and high net-worth individuals, Pure EV said in a statement. The Hyderabad-based company said it is currently in the final stage of concluding its Series A1 funding round, amounting to USD 25 million with the participation of a foreign institutional investor.

19.02 / 03:11

Provident Booking Manufacturing Action Enterprise reports Department Stocks to Watch: Quess Corp, Hero MotoCorp, Chalet Hotels, LIC, Paytm, RVNL

Quess Corp: The recruitment firm has said it will be demerged into three listed entities– Quess Corp Ltd, Digitide Solutions Ltd, and Bluspring Enterprises Ltd. The new Quess Corp will handle workforce management; Digitide Solutions will provide business process management solutions and insurtech; and Bluspring Enterprises will offer facility management, industrial services and investments. The demerger is expected to attract investment, improve capital allocation and boost growth.

19.02 / 00:15

markets Enterprise Healthcare performer hospital reports International stake EQT, TPG and KKR eye majority stake in HCG

EQT (formerly Baring PE AsiaEQT), TPG Capital and KKR are among those evaluating the acquisition of a controlling stake held by CVC Capital in Bengaluru-based specialty cancer hospital chain Healthcare Global Enterprises (HCG), sources told ET. A rising middle-class and an aging population have boosted demand for private medical services across Asia, which in turn, is seeing massive consolidation and heightened deal activity in the healthcare sector. Luxembourgbased CVC manages €188 billion of assets and is also owner of the Gujarat Titans’ IPL franchise, international rugby union, Women’s Tennis Association and top football properties such as Spain's La Liga or consumer brands like Lipton Teas, Peruvian cash management company Hermes, among others.

18.02 / 18:27

UPS Platform Entertainment Enterprise film audience Struggle in streaming throws up some surprise fighters

Zee Entertainment Enterprises, both are reviewing OTT (over the top or streaming) budgets. Amazon Prime Video takes long to approve projects, and has cancelled some of the 40 titles it had announced in April 2022, while Netflix is bullish on acquiring only big-budget theatrical films. Disney, on the other hand, has slowed ahead of a possible merger with Reliance Industries Ltd.

18.02 / 18:19

Provident Target Enterprise NVIDIA Cycling Videos 5 big analyst AI moves: Nvidia gets new Street-high PT; OpenAI launches new model

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

18.02 / 07:05

markets Provident Digital Gap Enterprise Research innovations Embracing the future: A new era of job readiness

By Ajay Kela

17.02 / 08:15

COST UPS Citi Enterprise Metro 2020 Affordable housing needs government push, say realtors

With affordable housing losing its sheen in the past couple of years, top property realtors believe that intervention from government, in terms of subsidy schemes for borrowers or reduction in interest cost for land acquisition is the only way to revive interest in it.

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