The FinTech Hub
Source: Live Mint Indian stock market: The domestic equity market indices, Sensex and Nifty 50, are expected to open on a tepid note on Thursday amid cautiousness on mixed global market cues. Asian markets traded mixed, while the US stock market ended higher overnight, with the benchmark S&P 500 hitting an intraday record high. On…
Source: Live Mint Buy or sell stocks: The Indian stock markets bounced back on Wednesday, January 22, recovering from a sell-off in the previous session. The Nifty 50 index closed 0.57 per cent higher at 23,155.35 points, compared to 23,024.65 points in the previous stock market session. The BSE Sensex index closed 0.75 per cent…
Source: Live Mint Denta Water and Infra Solutions Limited’s initial public offering (IPO), through a book-building process, offers an entire fresh issue of up to 75 lakh equity shares, which opened for subscription on January 22. According to the BSE data, the IPO was subscribed 17.07 times on the first day as investors subscribed for…
Source: Live Mint Stock market today: Jai Balaji Industries share price tanked nearly 4% to ₹147.55 apiece on Wednesday, January 22 following an update regarding the share pledge by the company. Shares of Jai Balaji Industries are pledged with Catalyst Trusteeship, which is acting as a security trustee on behalf of the lenders. Following the…
Source: Live Mint Servotech Power Systems announced on Tuesday, January 21, that the company’s promoter raised its stake in the firm by converting share warrants into equity shares of the electrical equipment maker, as per the NSE filing. Company promoter Raman Bhatia has decided to convert 5 lakh share warrants into 5 lakh equity shares…
Source: Live Mint Denta Water and Infra Solutions Limited raised ₹66.15 crore from anchor investors ahead of its public issue, according to an exchange filing by the company on Tuesday, January 21. The water and infrastructure solutions firm allocated 22.5 lakh equity shares to 10 anchor investors at an allocation price of ₹294 per share,…
Source: Live Mint Dalmia Bharat Q3 Results: Cement manufacturer Dalmia Bharat reported a 75% year-on-year (YoY) decline in its consolidated net profit to ₹66 for the third quarter of financial year 2024-25 (Q3 FY25) on Tuesday, January 21. The net profit stood at ₹266 crore in the same quarter last fiscal. Meanwhile, the revenue from…
Source: Live Mint Expert view: Deepak Ramaraju, Senior Fund Manager at Shriram AMC, believes a populist budget may strain the fiscal deficit and result in further rupee weakness. This will lead to lower rate cuts and delays in economic growth. Moreover, any miss on fiscal prudence or lower growth guidance may trigger a further selloff…
Source: Live Mint Jana Small Finance Bank released its December quarter performance on Tuesday, January 21, post-market hours. The lender reported a 17.91% drop in standalone net profit, reaching ₹110.6 crore in Q3FY25, compared to a net profit of ₹134.6 crore in the same period last year. The net profit showed a sequential improvement of…
Source: Live Mint Foreign Portfolio Investors (FPIs) have commenced 2025 on a negative note in the Indian stock market, reversing their buying trend from December 2024. In the first fortnight of January, FPIs sold Indian equities worth over ₹48,000 crore, marking a sharp contrast to the ₹15,447 crore of net inflows recorded in December. The…
