The FinTech Hub
Source: Live Mint KRN Heat Exchanger IPO, worth ₹342 crore, comprises a fresh issue of 15,543,000 equity shares. There is no offer-for-sale component in the issue. The price band has been fixed at ₹209 to ₹220 per equity share with a face value of ₹10. The lot size is 65 equity shares; thereafter, it will…
Source: Live Mint US stocks edged higher on Thursday as Micron’s upbeat forecast revived the frenzy around artificial intelligence. At the opening bell, the Dow Jones Industrial Average rose 198.7 points, or 0.47%, to 42,113.42. The S&P 500 rose 40.0 points, or 0.70%, to 5,762.22, while the Nasdaq Composite rose 245.1 points, or 1.36%, to…
Source: Live Mint Investors in Crompton Greaves Consumer Electricals Ltd are losing their cool as the company faces a tepid September quarter (Q2FY25). Management cautioned analysts of near-term softness in demand for consumer products. Onam sales in Kerala, often seen as an indicator of demand trends, fell year-on-year this time. A hot summer and heat…
Source: Live Mint Accenture unveiled a $4.0 billion share buyback and reported better-than-expected fourth-quarter revenue driven by a high demand from companies looking to adopt generative artificial intelligence (AI) technology. Accenture hiked it’s annual revenue growth forecast to 3-6 per cent for 2025 after an improvement in macroeconomic indicators and US Federal Reserve’s supersized interest…
Source: Live Mint Rappid Valves SME IPO: The Initial Public offering closed for subscription on 25 September. On Thursday, September 26, 2024, the allocation for the Rappid Valves (India) IPO is anticipated to be completed. The tentative listing date for the Rappid Valves (India) IPO is set on Monday, September 30, 2024 on NSE SME….
Source: Live Mint WOL 3D IPO allotment status: Investors who participated in the highly anticipated WOL 3D initial public offering (IPO) are eagerly awaiting the allotment results, expected to be finalised today, September 26, 2024. The IPO, which closed on September 25 with an impressive 373.86 times oversubscription, has generated significant buzz in the market….
Source: Live Mint Upcoming IPOs: Indogulf Cropsciences Limited, a prominent manufacturer of crop protection products, plant nutrients, and biologicals in India, has taken a significant step towards going public. On September 25, the company filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), outlining its plans for an…
Source: Live Mint Global brokerage house Phillip Capital, in a recent note, observed that it has witnessed sectoral shifts within the Nifty and broader Indian equity markets, focusing on changes over both long and short terms. According to the report, investment-oriented sectors, including cement and building materials, gained considerable traction post the Covid-19 pandemic and…
Source: Live Mint Shares of Gensol Engineering surged over 7 percent in intra-day trading on Thursday, September 26, following the announcement that the company’s promoter and managing director, Anmol Singh Jaggi, purchased 12,000 shares from the open market. This acquisition increased his stake in the company to 21.17 percent. “This is for the information of…
Source: Live Mint Indian markets scaled a fresh all-time high for the sixth consecutive session on Thursday, September 26, driven by positive global sentiment and robust domestic inflows. During today’s intra-day trading, the Nifty climbed 84 points to hit a new peak of 26,087, while the Sensex surged 293 points to a record high of…
