The FinTech Hub
Source: Live Mint On the special occasion of Ganesh Chaturthi, Sumeet Bagadia of Choice Broking has suggested Asian Paints stock to buy with a target price of ₹3562/ 3725. “Asian Paints (ASIANPAINT) is currently trading at ₹3244 and has formed a symmetrical triangle pattern on the monthly chart with significant volume, indicating a strong bullish…
Source: Live Mint Mumbai-based Hexaware Technologies has filed draft papers with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO) in which promoters will sell shares worth ₹9,950 crore. If successful, Hexaware’s IPO would be the largest in the country’s information technology services space since Tata Consultancy Services’ ₹4,713-crore initial…
Source: Live Mint The S&P 500 was 1.6% lower in midday trading and heading for its worst week since March 2023. The Dow Jones Industrial Average was down 367 points, or 0.9%, as of 11:55 a.m. Eastern time, after flipping an early gain of 250 points. The Nasdaq composite sank 2.4% as Broadcom, Nvidia and…
Source: Live Mint Bajaj Housing Finance IPO: Bajaj Housing Finance has raised ₹1,758 crore from anchor investors ahead of its IPO subscription opening for bidding. The non-banking financial company (NBFC)’s initial public offering (IPO) is all set to hit the D-Street for its three-day subscription on Monday, September 9, and will close on September 11….
Source: Live Mint Tolins Tyres Ltd, on Friday, said that it has secured ₹69 crore from anchor investors before its initial public offering opens for public subscription. The anchor investors who have been allocated shares include BofA Securities Europe SA, NAV Capital VCC, Chhatisgarh Investments, Ashika Global Securities, Moneywise Financial Services, Vikasa India EIF I…
Source: Live Mint Kross Ltd also known as Kross Manufacturers (India) Private Limited, the automotive parts manufacturer, on Friday, said it has raised around ₹150 crore ( ₹149.99 crore) from investors in its anchor round, ahead of the company’s proposed initial public offering (IPO), according to the company press release. As per the exchange filing,…
Source: Live Mint Indian stocks plunged on Friday, as nervous investors took money off the table before the release of tepid US jobs data for August. The US Federal Reserve is expected to rely on key hiring data to decide the quantum of rate cuts in the world’s largest economy later this month. Breaking a…
Source: Live Mint Mumbai: In a fresh salvo against Madhabhi Puri Buch, the Congress party has alleged that the chair of the Securities and Exchange Board of India earned rental income from an associate firm of Wockhardt Ltd that was investigated for insider trading last year. The principal opposition party claimed that Buch received about…
Source: Live Mint The Indian Marlboro cigarette maker Godfrey Phillips India Limited announced that the company’s Board of Directors will meet on September 20 to discuss and consider a bonus issue of shares, according to the company’s Bombay Stock Exchange (BSE) filing on Friday, September 6. “We wish to inform that a meeting of the…
Source: Live Mint Shares of Wockhardt Pharma Ltd dropped by more than 5 per cent on , following allegations by Congress that Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch had a conflict of interest with the pharmaceutical company. During a press conference today, Khera accused Buch of corruption and insider trading….
