The FinTech Hub
Source: Live Mint International Gemmological Institute Limited raised ₹1,900 crore from anchor investors ahead of its public issue, according to an exchange filing by the company on Thursday, December 12. The company has allocated 4,55,71,942 or 4.55 crore equity shares to the anchor investors at an allocation price of ₹417 per share, with a face…
Source: Live Mint Wall Street today: The US markets opened today with the S&P 500 and the Nasdaq losing points on Thursday, after closing higher at the previous market close. Stock market investors are eyeing some the last economic datasets ahead of the Federal Reserve’s meeting. At 9:37 a.m. (ET), the Dow Jones Industrial Average…
Source: Live Mint Much of collateral placed by investors is locked in opaque systems controlled by brokers, custodians and banks, Securities and Exchange Board of India’s (Sebi) Whole Time Member Ananth Narayan G said on Thursday, highlighting the inefficiencies within the system. Speaking at the India Fintech Forum 2024 in Mumbai, Narayan said that much…
Source: Live Mint Inventurus Knowledge Solutions IPO has reserved not less than 75% of the shares in the public issue for qualified institutional buyers (QIB), not more than 15% for non-institutional Institutional Investors (NII), and not more than 10% of the offer is reserved for retail investors. The employee portion has been reserved upto 65,000…
Source: Live Mint It seems there is fierce competition among stocks to claim the title of the most valuable. With each company pushing the boundaries of pricing and market value, investors are watching closely to see which stock will secure its position at the top. PropShare Platina REIT has now taken the crown as the…
Source: Live Mint BlueStone Jewellery and Lifestyle, which offers contemporary lifestyle diamond, gold, platinum, and studded jewellery under its flagship brand “BlueStone” has filed draft papers with markets regulator Sebi to raise funds through an initial public offering (IPO). The proposed IPO is a combination of a fresh issue of shares worth ₹1,000 crore and…
Source: Live Mint Although US CPI inflation recorded its sharpest increase in seven months, it aligned with forecasts and did not disrupt expectations of a 25 bps rate cut by the US Federal Reserve next week. However, the November inflation data highlighted that the Fed still faces significant challenges in bringing inflation below its 2…
Source: Live Mint Shares of National Aluminium Company (Nalco) cracked over 8 per cent in intra-day trade on Thursday, December 12, with the scrip settling the day over 7 per cent lower at ₹251.80. The stock has now ended in the red for the third day in a row. Analysts attributed the fall to multiple…
Source: Live Mint New Delhi [India], : Stock indices in India continued to remain in red throughout Thursday’s session. Sensex closed at 81,263.84 points, down 262.30 points or 0.32 per cent, while Nifty closed at 24,538.85 points, down 102.95 points or 0.42 per cent. Indian stock markets opened flat as consolidation continued. “The market continued…
Source: Live Mint Indian markets experienced a volatile session on Thursday, December 12, despite a strong handover from Wall Street, as investors exercised caution ahead of India’s key retail inflation data, scheduled for release later in the day. According to a Mint poll of 16 economists, retail inflation is expected to have eased to 5.5%…
