The FinTech Hub
Source: Live Mint The Nifty IT index continued its winning streak for the third consecutive trading session on Tuesday, December 3, rising by 0.5 per cent to close at 43,754. The index recovered 0.75 per cent from its intraday low, with a strong rally in Persistent Systems and HCL Tech helping keep the index in…
Source: Live Mint Bengaluru-based digital maps startup MapMyIndia’s parent company, C.E. Info Systems Ltd, announced in an exchange filing on November 29 that the company’s chief executive officer, Rohan Verma, would step down and start a new business-to-consumer (B2C) venture. C.E. Info Systems Ltd shares closed 8.92 per cent lower at ₹1,538.65 in Tuesday’s trading…
Source: Live Mint Emerald Tyre Manufacturers IPO will open for subscription on Thursday, December 5, and close on Monday, December 9. Emerald Tyre Manufacturers IPO price has been fixed in the range of ₹90 to ₹95 per equity share of face value of ₹10 each. Bids can be made for a minimum of 1,200 equity…
Source: Live Mint But first, a quick recap. Asian Paints, the bluest of blue chips, is not having the best of times in the Indian stock market. The stock is down almost 30% from its 52-week high at a time when the broader index is down just 4%. This means Asian Paints has lost seven times…
Source: Live Mint Share prices of cigarette makers ITC, Godfrey Phillips and VST Industries along with Varun Beverages declined on Tuesday after reports suggested that the tax slab on ‘sin goods’ is likely to be hiked. Varun Beverages share price plunged as much as 5.18%, ITC stock price declined 3%, Godfrey Phillips India shares declined…
Source: Live Mint Stock Market Today: Oil and Natural Gas Corporation , Oil India , Reliance Industries saw thair share price rise up to 3% in the intaday trades on Tuesday. The removal of Windfall tax by the government is likely to remove a major overhang over the stocks The ONGC share price that opened…
Source: Live Mint Swiggy, the popular food delivery aggregator and a direct competitor to Zomato, saw its shares spike 10 per cent in Tuesday’s trade (December 3), reaching a fresh high of ₹541.95 per share. The surge in shares comes just ahead of the company’s Q2FY25 results announcement, scheduled for today, marking Swiggy’s first earnings…
Source: Live Mint BEML Ltd’s recent order win of ₹3,658 crore from Chennai Metro Rail Ltd offsets the subdued September quarter (Q2FY25) when it received orders worth ₹444 crore only due to delay in order finalization in rail and metro. Its total order book now stands at ₹15,100 crore, or 3.7x its trailing 12-month revenue….
Source: Live Mint Mumbai (Maharashtra) [India], November 3 (ANI): The initial public offering (IPO) market of the country has seen a slowdown in subscriptions over the past two months, driven by weak market sentiment and disappointing listing performances, says a report by Axis Capital. The report highlighted that the investors appear to be exercising caution,…
Source: Live Mint Wipro share price traded marginally lower on Tuesday, December 3 as the IT stock turns ex-date for bonus issue. Wipro shares turns ex-date for bonus issue on Tuesday in the ratio of 1:1. The company has announced the Wipro bonus shares record date as on December 3. Investors holding the IT stock…
