The FinTech Hub
Source: Live Mint FMCG player Adani Wilmar is expected to draw attention on Friday, January 10, following the Thursday evening announcement that its founder plans to divest a stake in the company via an Offer For Sale (OFS). Adani Commodities, the promoter entity of Adani Wilmar under the Adani Group, plans to divest a 13.5…
Source: Live Mint IT major Tata Consultancy Services (TCS), reported a reduction of 5,370 employees in its workforce during the fiscal third quarter, ending a trend of headcount growth observed in the previous two quarters. Attrition for the quarter saw a slight increase, reaching 13 percent compared to 12.3 percent in the previous quarter. In…
Source: Live Mint Quadrant Future Tek IPO, which opened for subscription on Tuesday, January 7, was subscribed over 186.64 times on the last day of bidding. The issue closed for subscription on January 9. The issue received a stellar response from investors as it was fully subscribed within an hour of opening on the first…
Source: Live Mint Telecom Q3FY25 Results Preview: Telecom companies are expected to report firm revenue and EBITDA growth for the third quarter of the financial year 2024-25, suggests brokerages. Domestic brokerage JM Financial, in its latest note, forecasts Jio, Bharti Airtel (India wireless), Bharti Hexacom, and Vodafone Idea to achieve EBITDA growth of 4-6% QoQ,…
Source: Live Mint Reliance Industries, India’s most valuable company by market capitalization, on Thursday, January 9 declared the date for the release of its earnings for the third quarter of financial year 2024-25 (Q3 FY25). Reliance Industries will announce its Q3 FY25 results next week on Thursday, January 16. Read Full Article
Source: Live Mint Manappuram Finance Ltd stock rose 5.5% in early trade on Thursday after the Reserve Bank of India (RBI) lifted restrictions on its microfinance arm, Asirvad Micro Finance Ltd (AMFL), with immediate effect. However, the excitement fizzled out with the stock trading flat at ₹180. Removal of this ban is positive, but the…
Source: Live Mint Tata Group’s hospitality venture Indian Hotels, on Thursday, reported opening of 40 new hotels and 85 new signings in 2024 taking its portfolio to 360 hotels with an industry leading pipeline of 123 hotels. Indian Hotels share price closed 1.46 per cent lower on January 9, ending the trading session at ₹822.75….
Source: Live Mint Stock market today: Indian stock markets commenced trading on a downbeat note on Thursday, influenced by mixed signals from global markets. In the previous trading session on Wednesday, domestic stock markets bounced back from their lowest levels to end the day with minimal changes. At 14:16 IST, Sensex was down 513.02 points…
Source: Live Mint Ace Investor Mukul Agarwal has recently increased his stakes in multibagger stock Hind Rectifiers by 0.7 per cent. The investor currently holds 1.46 per cent stake in the company, valued at ₹33, as per data available on Bombay Stock Exchange (BSE). In March 2024, Agarwal acquired 213,026 shares of Hind Rectifiers ….
Source: Live Mint Stock market outlook: Global brokerage house HSBC has downgraded Indian equities to ‘Neutral’ from ‘Overweight,’ signalling a tempered outlook for the market’s performance. The downgrade comes amid concerns over high valuations and slowing growth momentum, which HSBC believes will cap near-term market gains. The brokerage has also revised its Sensex target for…
