The FinTech Hub
Source: Live Mint (Bloomberg) — Pony.ai Inc. is looking to raise as much as $195 million from its US initial public offering as automotive-related companies lead a modest pickup in Chinese listings. The autonomous driving startup set a price range of $11 to $13 for its American depositary shares, according to a regulatory filing Thursday….
Source: Live Mint The Securities and Exchange Board of India (Sebi) has proposed sweeping changes to the regulatory framework governing angel funds under Alternative Investment Funds (AIF), aiming to boost investor participation and provide more flexibility to fund managers. Among the key amendments, Sebi seeks to limit investments to accredited investors, reduce the minimum investment…
Source: Live Mint (Bloomberg) — Venture Global LNG Inc. is poised to join the upper echelon of US energy companies that includes Occidental Petroleum Corp. and PG&E Corp. with one of the world’s biggest IPO’s of the year. The Gulf Coast natural gas exporter’s plan to file for an initial public offering as soon as…
Source: Live Mint Mumbai: Recent regulatory curbs on options trading will actually give a fillip to BSE Ltd’s ongoing efforts to make the Sensex and Bankex options more mature products, enabling the exchange to potentially generate higher premium turnover and earn more in transaction charges, according to bourse’s MD and CEO Sundararaman Ramamurthy. “The intention…
Source: Live Mint The Port of Long Beach moved nearly 1 million containers in October, beating a record set just two months ago. The surge was driven in part by importers diverting cargo to Southern California to avoid risk of delays from a labor dispute that shut every major port on East and Gulf coast…
Source: Live Mint Lemon Tree Hotels Q2 Results: Lemon Tree Hotels Limited announced its July to September quarter results on Thursday, November 11. The company recorded a 33 per cent rise in net profits to ₹35 crore for the second quarter of the financial year 2024-25, compared to ₹26.38 crore in the same quarter the…
Source: Live Mint Walt Disney reported earnings that topped Wall Street’s estimates on Thursday, propelled by blockbuster ticket sales from the rude and irreverent summer Marvel film “Deadpool & Wolverine,” and provided an upbeat forecast for the coming year. The company projected adjusted earnings-per-share percentage growth in the high single digits in fiscal 2025, even…
Source: Live Mint Reliance Infrastructure Q2 Results: Reliance Infrastructure Ltd (RInfra) on Thursday reported a consolidated net profit of ₹4,082.53 crore in the July-September quarter of 2024-25 on lower expenses. It had clocked ₹294.04 crore net loss during the July-September period of the preceding 2023-24 fiscal, the company said in a regulatory filing. Exceptional gains…
Source: Live Mint Grasim Industries reported a 66% fall in its consolidated net profit at ₹390 crore in the second quarter, compared with ₹1,164 crore in the last year quarter. Revenue from operations, meanwhile, rose 11% YoY to ₹33,563 crore in the reporting period. Grasim’s standalone numbers exclude earnings of its units UltraTech Cement and…
Source: Live Mint US stock Indices edged higher on Thursday after producer prices data. At the opening bell, the Dow Jones Industrial Average rose 74.2 points, or 0.17%, to 44,032.38. The S&P 500 rose 4.3 points, or 0.07%, to 5,989.68, while the Nasdaq Composite rose 25.4 points, or 0.13%, to 19,256.09. Read Full Article
