The FinTech Hub
Source: Live Mint Bajaj Housing Finance, which opened for subscription on September 9, was subscribed over 7.51 times on the second day of bidding. The IPO will close on September 11. Since September 2015, Bajaj Housing Financing has been registered with the National Housing Bank as a non-deposit taking housing finance company. It offers financing…
Source: Live Mint Stock market today: Domestic equity benchmarks Sensex and Nifty 50 In the current market scenario, domestic brokerage firm SMC Global Securities has released its top four stock picks for this week. The brokerage has selected the following stocks based on technical and fundamental parameters. According to the brokerage, the stocks have robust…
Source: Live Mint Abhimanyu, the sixteen-year-old son of the mighty archer Arjuna, was displaying breathtaking bravery in the Mahabharata war. He not only killed a number of prominent warriors on the enemy side, but also managed to break the flagstaff of Bhishma, the supreme commander of the Kauravas, in a hugely symbolic moment. The energy…
Source: Live Mint The push for electric two-wheelers (2W) in India has been accelerating at an impressive rate, driven by a growing shift in consumer preferences from traditional internal combustion engine (ICE) vehicles to greener, more sustainable mobility options. This transition is driven by increasing environmental awareness, discounts on popular models, government incentives, and lower…
Source: Live Mint SBI Cards and Payment Services Ltd’s shares are up about 10% so far in September. While there is general optimism about wholesale funding costs peaking for non-banking financial companies (NBFCs), SBI Card got an additional boost from a rating upgrade from ‘sell’ to ‘buy’ by Goldman Sachs. The brokerage firm raised the…
Source: Live Mint The Indian stock market extended its upward trend for the second consecutive trading session on Tuesday, tracking a rally on Wall Street overnight amid hopes of potential Fed rate cuts next week. The surge was led by gains in IT and pharma stocks, with a 5% increase in Nifty IT stocks, fueled…
Source: Live Mint Axis Mutual Fund has announced the launch of its latest investment product, the Axis Nifty500 Value 50 ETF, on September 9. This open-ended exchange-traded fund (ETF) aims to replicate or track the performance of the Nifty500 Value 50 TRI, providing investors with a value-based investment strategy in a basket of 50 companies…
Source: Live Mint PN Gadgil Jewellers IPO: On day one of bidding, the initial public offering (IPO) of PN Gadgil Jewellers Limited received a strong response from Indian primary market investors. According to the PN Gadgil Jewellers IPO subscription status, the public issue has been booked more than the shares the jewellery brand offers. PN…
Source: Live Mint Shares of East West Freight Carriers were on focus on Tuesday, September 10, following the release of its FY24 annual report. The stock rose by 4.1 percent, reaching an intra-day high of ₹7.08. Despite today’s rally, the smallcap stock remains 38.3 percent below its 52-week high of ₹11.47, hit in December last…
Source: Live Mint Shares of Suzlon Energy, India’s largest renewable energy solutions provider, hit the 5 percent upper circuit limit today, reaching at ₹78.05 per share. This increase comes after global brokerage firm Morgan Stanley reaffirmed its ‘Overweight’ rating on Suzlon Energy, following the company’s recent acquisition of a 1.17 GW order from NTPC. Morgan…
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