The FinTech Hub
Source: Live Mint ACME Solar Holdings Limited’s initial public offering (IPO), through a book-building process, offers a fresh issue and an offer-for-sale (OFS) component, opened for subscription on Wednesday, November 6. The public offer was subscribed 39 per cent on the first day as investors bid for 2.27 crore shares, compared to 5.82 crore shares…
Source: Live Mint Mumbai: Former US president Donald Trump’s return to the White House fuelled a market rally in India on Wednesday, propelled by technology stocks, riding hopes that his pro-business stance will spur spending and growth in the world’s largest economy. Indian benchmark indices, which tracked global peers to rally by over 1% each…
Source: Live Mint With the Donald Trump-led Republican Party securing a thumping majority in the US Presidential Elections, cryptocurrencies have turned out to be a clear winner. Bitcoin (BTC) rose nearly 10 per cent to hit $75,000 during the day, and meme coin Dogecoin surged 17 per cent to hover around $0.1986. Intraday, Elon Musk-backed…
Source: Live Mint “President Donald Trump’s US election win is positive for India, whereas Trump’s America First approach means a more bilateral rather than a multilateral approach to foreign policy. In Asia, he is likely to maintain a hawkish stance towards China. Countries will be pressed to take sides, increasing polarization risks. If overall sentiments…
Source: Live Mint Niva Bupa Health Insurance Company’s initial public offering (IPO) will open for public bidding on Thursday, November 7, and will close on Monday, November 11. The healthcare insurer has fixed the price band at ₹70-74 per share. The health insurance company, set up in 2008, is a joint venture between the Bupa…
Source: Live Mint Indian stock market’s benchmark indices, Sensex and Nifty 50, rallied over 1% on Wednesday in response to the US election results 2024, which indicate a likely victory for Republican candidate and former President Donald Trump over Democratic candidate Kamala Harris. On Wednesday, the Sensex surged 901.50 points, or 1.13%, to close at…
Source: Live Mint Small-cap stock below ₹50: Lancer Container Lines share price surged 20 per cent to its upper circuit limit of ₹35.97 on the BSE on Wednesday, November 6 amid high volumes in the counter and as the board set date to declare the financial results for the September 2024 quarter (Q2 FY25). On…
Source: Live Mint The Iranian Rial fell on Wednesday, November 6, to an all-time low as former President Donald Trump raced for the U.S. presidency again, reported the news agency AP. The rial traded at 703,000 rials to the dollar. The last two times the Iranian Rial took a hit was in 2015. At the…
Source: Live Mint Berger Paints India Ltd’s results for the September quarter (Q2FY25) lacked a spark. Volumes grew just 3.6% year-on-year due to heavy rains in the key markets of Andhra Pradesh, Kerala, West Bengal, Gujarat and Maharashtra. Premium and luxury products saw double-digit volume growth while mass products (putty, primers and enamels) remained flat,…
Source: Live Mint The US Dollar Index, which measures the greenback’s strength against a basket of six major currencies, surged by 1.9% to 105.30 on Wednesday, November 6 to its highest level in almost four months. This rally was driven by early reports suggesting that Republican candidate Donald Trump is edging closer to securing a…
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