The FinTech Hub
Source: Live Mint US Fed meeting: The US Federal Reserve prepares for its policy meeting this week, while anticipations are high that the central bank will propose a 25 bps rate cut. The rate reduction is anticipated to occur amid the backdrop of a presidential election year, adding a layer of complexity to the Fed’s…
Source: Live Mint Indian stock market frontline indices, Sensex and Nifty 50, are likely to open lower on Tuesday following mixed global market cues amid uncertainty over US Presidential Elections 2024. The trends on Gift Nifty also indicate a weak start for the Indian benchmark index. The Gift Nifty was trading around 24,080 level, a…
Source: Live Mint New Delhi, Nov 4 (PTI) The National Stock Exchange (NSE) on Monday reported a 57 per cent year-on-year surge in consolidated net profit to ₹3,137 crore for the September quarter. The exchange posted a total income of ₹5,023 crore during the July-September period of the current financial year (FY25), up 25 per…
Source: Live Mint Sagility India, the healthcare service provider firm, on Monday, said that it has raised around ₹945.4 crore from investors in its anchor round, ahead of the company’s proposed initial public offering (IPO), according to the company’s exchange filing. As per the exchange filing, the company has allocated 31,51,34,668 or 31.51 crore equity…
Source: Live Mint Bata India Limited announced its July to September quarter results on Monday, November 4. The company recorded a 52.89 per cent rise in net profits in the second quarter to ₹51.97 crore, compared to ₹33.99 crore in the same quarter the previous year, according to the company’s BSE filing on Monday. Bata…
Source: Live Mint The US presidential election in 2024 could have a major impact on the outlook for Indian IT service providers. The outcome could lead to changes in trade policies, visa regulations, and the movement of the US dollar—all crucial factors for Indian IT players. Despite headwinds from a demand slowdown and high interest…
Source: Live Mint At the onset of Samvat 2080, the market outlook was generally positive, albeit with mixed sentiments due to global uncertainties and a robust domestic economy. There was a concern that maybe the domestic economy and FIIs inflows could go slow based on global factors. Heightened global tensions, driven by conflicts in Ukraine…
Source: Live Mint ACME Solar Holdings Limited’s initial public offering (IPO) is set to open for public subscription on Wednesday, November 6, and close on Friday, November 8. The renewable energy producer set the price band for the IPO at the range of ₹275 to ₹289 per equity share with a face value of ₹2…
Source: Live Mint Sagility India Limited’s initial public offering (IPO) will open for public bidding on Tuesday, November 5, and will close on Thursday, November 7. The Indian arm of Sagility has fixed the price band at ₹28 to ₹30 per share. The healthcare-centric service provider focuses on the US health insurance companies (Payers) for…
Source: Live Mint Sagility BV, a subsidiary of EQT Private Capital Asia, raised ₹366 crore through the sale of a 2.61 per cent stakeholding in Sagility India Ltd, according to the company reported news portals on November 3. Nine institutional investors picked up a stake in Sagility India ahead of its initial public offering (IPO)…
