The FinTech Hub
Source: Live Mint Western Carriers India IPO: The initial public offering (IPO) of logistics company Western Carriers Ltd. received a tepid response from investors on the first day of subscription. On Friday, September 13, the mainboard IPO was subscribed 79 per cent, with only the retail portion booked fully, according to BSE data. Western Carriers…
Source: Live Mint Arkade Developers Limited, the real estate development firm, on Friday, said that it has raised around ₹122.40 crore from investors in its anchor round, ahead of the company’s proposed initial public offering (IPO), according to the company’s exchange filing. As per the exchange filing, the company has allocated 95,62,500 or 95.62 lakh…
Source: Live Mint European stocks gained, with the regional benchmark heading for its best week in a month. Danish stocks hit an all-time high, helped by the rally in Novo Nordisk A/S. The Stoxx 600 Index rose 0.5% as of 12:58 p.m. in London. The index is up 1.5% this week, recouping some of last…
Source: Live Mint NEW YORK — U.S. stocks closed out their best week of the year with more gains on Friday and climbed to the cusp of their records. The S&P 500 rose 0.5% for a fifth straight gain and is just 0.7% below its all-time high set in July. Rallies for Microsoft, Broadcom and…
Source: Live Mint European stocks rose on Friday, with the regional benchmark marking its best week in a month. Danish stocks hit an all-time high, helped by this year’s rally in Novo Nordisk A/S. The Stoxx 600 Index rose 0.8% at the close in London, rounding out a 1.9% advance for the week to recoup…
Source: Live Mint (Bloomberg) — A trio of biotech companies’ shares rose in their first trading sessions after they each sold more shares in their respective initial public offerings than they had planned. Bicara Therapeutics Inc. shares climbed 42% to $25.50 apiece as of 1:22 p.m. on Friday. The company had expanded its IPO to…
Source: Live Mint Oil headed for its first weekly advance in a month after Storm Francine disrupted crude production and risk-on sentiment bolstered across wider markets, helping ease a previously oversold crude market. West Texas Intermediate was little changed at around $69 a barrel, giving up its earlier gains after some operations restarted in the…
Source: Live Mint Non-bank financial institution Northern Arc Capital on Friday said it has collected ₹229 crore from anchor investors, days before the opening of its share-sale for public subscription. SBI General Insurance Company, SBI Life Insurance Company, Reliance General Insurance Company, Kotak Mahindra Life Insurance Company, Goldman Sachs (Singapore) Pte, Societe Generale, and Quant…
Source: Live Mint The US stock markets opened higher on Friday, September 13, as investors re-evaluated the possibility of a bigger rate cut from the United States Federal Reserve (FED), as per the news agency Reuters. At 9:30 am (EDT) the stock markets opened for the United States at a high. The Dow Jones Industrial…
Source: Live Mint India’s markets regulator has closed proceedings in the co-location case against the National Stock Exchange and its officials, citing a lack of evidence. Kamlesh Varshney, a whole-time member of the Securities and Exchange Board of India, on Friday held that due to the absence of sufficient material, the test of “preponderance of…
