The FinTech Hub
Source: Live Mint IFCI Q3 Results: Industrial Finance Corporation of India, or IFCI Limited, announced its October to December quarter on Wednesday, February 12. The company’s net loss for the third quarter of the financial year 2024-25 jumped 486 per cent to ₹59 crore, compared to a net profit of ₹10.06 crore in the same…
Source: Live Mint Upcoming IPO: BD Security Limited (BDS), a security services provider and Telecom O&M has received approval has received in-principle approval from the National Stock Exchange (NSE) for its draft red herring prospectus (DRHP) to launch an initial public offering (IPO). The company’s IPO consists of a fresh issue of up to 44,56,000…
Source: Live Mint New Delhi, Feb 12 (PTI) FMCG firm Honasa Consumer Ltd on Wednesday reported a marginal rise in its consolidated net profit to ₹26.02 crore in the third quarter ended December 31, 2024. The company, which owns brands including Mamaearth, had posted a consolidated net profit of ₹25.9 crore in the October-December quarter…
Source: Live Mint Precision Camshafts Q3 Results: Precision Camshafts Limited announced its October to December quarter results on Wednesday, February 12. The company recorded a ₹6.35 crore net loss for the third quarter of the financial year 2024-25, compared to a ₹24.46 crore net profit in the same quarter of the previous financial year. Read…
Source: Live Mint India’s second-largest private bank, ICICI Bank Ltd, announced on Wednesday, February 12, that its UK-based joint venture partner, Prudential Plc, is evaluating the potential listing of the asset management arm, ICICI Prudential Asset Management Company Limited, as per the BSE filing. According to the exchange filing, Prudential Plc will partially divest (sell…
Source: Live Mint Nippon India, Kotak Mahindra Bank, Indo Thai Sec, Norben Tea Exp, among 55 stocks that hit 52-week high in intraday trade on Bombay Stock Exchange (BSE), despite market crash on Tuesday, February 11. Adhata Global Ltd, Blue Coast Hotels, Indobell Insulations, Balgopal Commercial, Jyothi Infraventures, Relic Technologies were among stocks that were…
Source: Live Mint Dividends are more than just a share of profits—they reflect a company’s commitment to shareholders and its approach to governance. Yet, balancing investor payouts with reinvestment for growth has always been a challenge. This debate has gained fresh relevance as India’s financial markets undergo a valuation correction amid sluggish economic growth. While…
Source: Live Mint Adani Group stocks hogged the limelight on Tuesday, February 11, rising by as much as 4% during early trading, following reports that several Congress members had written to the newly-appointed U.S. Attorney General, urging an investigation into the previous Department of Justice’s (DoJ) indictment of Adani Group officials. However, most Adani stocks…
Source: Live Mint The Indian stock market crashed on Tuesday, with the benchmark indices, Sensex and Nifty 50, slipping more than 1.5% each, amid heavy selling across the board. The rout was deeper in broader markets, as the Midcap 100 index and the Nifty Smallcap 100 indices slumped 4% each. All the sectors witnessed sharp…
Source: Live Mint The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to see a cautious opening despite positive global market cues. The trends on Gift Nifty indicate a flat-to-positive start for the Indian benchmark index. The Gift Nifty was trading around 23,480 level, a premium of nearly 20 points from the…
