The FinTech Hub
Source: Live Mint Indian stock markets have delivered an impressive 13 percent year-to-date (YTD) gain in 2024, with nearly all sectoral indices recording positive performance. The realty and pharma sectors stood out, posting gains of 39 percent and 32 percent, respectively. Meanwhile, indices like Nifty IT, Nifty PSU Bank, and Nifty Auto climbed over 20…
Source: Live Mint IPOs this week: India’s primary market will witness intense action as three new mainboard initial public offerings (IPOs) will open for bidding on Wednesday, December 11, 2024. Investors will be busy tracking the new issues for day-by-day subscription status, grey market premiums (GMPs), and the key dates to get the desired allotment….
Source: Live Mint Fintech major One MobiKwik System’s public issue is set to hit the market to open for subscription on December 11. Incorporated in March 2008, Mobikwik is a fintech company providing prepaid digital wallets and online payment services. MobiKwik provides a range of payment services, enabling consumers to pay utility bills, such as…
Source: Live Mint US stocks were mixed on Tuesday ahead of a key inflation data this week. At the opening bell, the Dow Jones Industrial Average fell 110.4 points, or 0.25 per cent, to 44,291.57. The S&P 500 rose 4.7 points, or 0.08 per cent, to 6,057.59, while the Nasdaq Composite rose 59.7 points, or…
Source: Live Mint The NSEL Investor Action Group (NIAG), which withdrew the consent after an emergency meeting on 6 December, accused 63 Moons of violating the foundation of the settlement talks by seeking permission to access ₹300 crore from attached assets without consulting the group. However, the NSEL Investors Forum (NIF) has claimed that it…
Source: Live Mint The subscription period for the Inventurus Knowledge Solutions IPO, backed by Rekha Jhunjhunwala, is set to start on Thursday, December 12, and will conclude on Monday, December 16. The allocation for anchor investors in the Inventurus Knowledge Solutions IPO is planned for Wednesday, December 11. The price band for the Inventurus Knowledge…
Source: Live Mint Indian stock market regulator, the Securities and Exchanges Board of India (SEBI) announced that the Optional T+0 settlement will now be available to the top 500 stocks, according to an official circular released on Tuesday, December 10. “Optional T+0 settlement cycle shall be made available to top 500 scrips in terms of…
Source: Live Mint LIC Shareholding: Life Insurance Corporation of India (LIC) raised its stake in blue-chip firm Asian Paints to 7 per cent, the insurer informed via an exchange filing on Tuesday, December 10. LIC, India’s biggest domestic institutional investor (DII), held a 6.6 per cent stake in the paints manufacturer at the end of…
Source: Live Mint Stock market today: Indian stock market benchmarks- the Sensex and the Nifty 50- ended flat on Tuesday, December 10, as gains in shares of select heavyweights, such as Infosys, ICICI Bank and SBI, were offset by losses in those of Reliance Industries, Bharti Airtel and Larsen and Toubro (L&T). The Sensex closed…
Source: Live Mint Shanti Educational Initiatives share price jumped nearly 5% on Tuesday after the company announced that its board will consider bonus issue of shares later this week. The smallcap stock, Shanti Educational Initiatives share price jumped as much as 4.83% to ₹185.45 apiece on the BSE. The meeting of the Board of Directors…
