The FinTech Hub
Source: Live Mint Manufacturing activity has slowed amid worries that India’s consumption story is fizzling out. The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) fell to 56.5 in November from 57.5 in October. A reading above 50 indicates expansion. A key highlight of the November PMI survey was that Indian goods producers increased…
Source: Live Mint Most exported to Europe at higher prices Production could go even higher in December UK was major player in the market HOUSTON, – U.S. LNG exports to Europe surged in November as the world’s largest producer of the superchilled gas sent more cargoes to the continent and fewer to Asia and Latin…
Source: Live Mint MUMBAI, – The drop in India’s benchmark bond yields and swap rates signals the central bank may address weaker-than-expected economic growth by easing monetary policy, which, traders say, will likely be via a lower cash reserve ratio than by interest rate cuts. The Reserve Bank of India’s monetary policy decision is due…
Source: Live Mint MILAN, – Carlos Tavares abruptly resigned on Sunday as CEO of Stellantis, two months after a profit warning, and the carmaker said it would seek to appoint a permanent successor in the first half of next year. The Stellantis board is considering the head of North American operations Antonio Filosa and procurement…
Source: Live Mint Indian Stock Market Today: The Indian stock market saw a significant recovery from its lows on Monday, December 2. Both benchmark indices ended the session with positive gains, marking the second consecutive day of rally. Investors appeared to have digested the weak Q2FY25 GDP data, which hit a seven-quarter low. The recovery…
Source: Live Mint US stock indices were mixed on Monday amid signs of strong Black Friday sales and after a report showed the US manufacturing sector is doing slightly better than feared. According to the Institute for Supply Management, manufacturing contracted again in November, but not by as much as expected, The week ahead is…
Source: Live Mint Upcoming IPO: Blackstone-owned International Gemological Institute (India) Limited, Ventive Hospitality, Concord Enviro Systems Limited, Carraro India Limited, Trualt Bioenergy Limited, Smartworks Coworking Spaces Limited, and Ecom Express Limited received the final approval from the Securities and Exchange Board of India (SEBI) for going ahead with their initial public offering (IPO), according to…
Source: Live Mint Healthcare services provider Suraksha Diagnostic Limited’s initial public offering (IPO) has so far received a muted response. Opened for public subscription on November 29, the IPO was subscribed 25 per cent on the second day of bidding as investors bid for 34,00,068 shares, compared to the 1,34,32,533 shares on offer. The public…
Source: Live Mint Abha Power and Steel IPO: The offer that closed for subscription on 29 November saw a strong good response being subscribed 18 times. The allotment for the Abha Power and Steel IPO is expected to be finalised today. Here are steps to check allotment status online, GMP as focus shifts to listing…
Source: Live Mint Top Gainers and Losers Today : **The Top Gainers and Losers Today**: The Nifty index closed at 24,131.1, reflecting an increase of 0.6%. Throughout the trading day, the Nifty reached a high of 24,301.7 and a low of 24,008.65. The Sensex operated within a range of 80,337.82 and 79,308.95, ultimately closing 0.56%…
