The FinTech Hub
Source: Live Mint Shares of DCX Systems rose 5 percent, reaching the upper circuit limit of ₹345 on September 17, following the announcement that its subsidiary received an industrial license from the Cochin Special Economic Zone (CSEZ) to manufacture and test microwave submodules, as well as avionics and defense electronic equipment. The newly obtained license…
Source: Live Mint Multibagger Stock: Investing in the stock market can yield substantial rewards when the right stocks are chosen, but it can also lead to disappointing outcomes if investments are made unwisely. Fortunately, shareholders of Refex Industries have reasons to celebrate, as the shares of this company delivered phenomenal returns. Recently, the stock has…
Source: Live Mint PMEA Solar Tech Solutions, a prominent Indian manufacturer of solar tracking and mounting products based in Mumbai, has submitted its draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) to raise capital through an initial public offering (IPO). The IPO, which has a face value of ₹10…
Source: Live Mint The KRN Heat Exchanger and Refrigeration IPO will open for subscription on September 25, 2024, and will close on September 27, 2024. Bidding for anchor investors is scheduled for September 24, 2024. The company has not yet announced the price band for the issue. According to the Red Herring Prospectus (RHP), the…
Source: Live Mint In the first half of 2024, India recorded the highest number of mainboard-listed companies, more than 5,450 globally, which is around 25 per cent of global IPO listings. The global IPO market reached its peak in 2021. However, India has been an outlier with listings in the last year due to solid…
Source: Live Mint Brent crude futures have lost nearly 25 per cent year-to-date (YTD) over softer demand and a low-risk premium so far in 2024. At its lowest in the last nine months, the crude oil benchmark declined to a 33-month low at under $70 per barrel due to continued weakness in Chinese economic growth…
Source: Live Mint Oil prices rose by a dollar a barrel on Tuesday as supply disruptions mounted and traders bet demand will grow if the U.S. Federal Reserve lowers borrowing costs this week, as is widely expected. U.S. crude oil futures gained $1.31, or 1.9%, to $71.40 by 12:03 p.m. ET (1603 GMT). Brent crude…
Source: Live Mint Shares of Intel Corp. soared as much as 8 per cent on Tuesday after a chip-making deal with Amazon’s cloud business was announced. At 1:08 pm EDT, Intel shares were at $21.62, up $0.70 or 3.37 per cent. On Monday, Intel shares had gained 6.4 per cent. The deal provides some respite…
Source: Live Mint Microsoft Corp. announced a 10 per cent increase in its quarterly dividend and introduced a new $60 billion stock buyback program, matching the scale of its repurchase plan from three years ago. The company’s shares rose by up to 2.4 per cent following the news. In a statement late Monday, the tech…
Source: Live Mint Indian stock market: The Indian market saw another day of consolidation on Tuesday, with traders staying cautious ahead of the Federal Reserve’s upcoming policy meeting. On Wednesday, the Fed is anticipated to announce its first rate cut since 2020. The Nifty 50 closed the session with a 0.14% rise at 25,418 points,…
