The FinTech Hub
Source: Live Mint The Indian stock markets on Thursday saw their worst intraday fall in two months, wiping off nearly ₹9.78 trillion from investors’ wealth. The market capitalisation of all companies listed on the BSE tumbled to ₹465 trillion from ₹474 trillion on Tuesday. During the day, the overall market cap had slipped as much…
Source: Live Mint After markets regulator Sebi’s directive to limit weekly expiries to one per exchange, BSE announced on Thursday that it will discontinue the weekly contracts for both Sensex 50 from November 14 and Bankex from November 18. This means BSE will continue offering weekly derivative contracts for Sensex, its index of 30 blue-chip…
Source: Live Mint The onset of the festive season didn’t bring the cheer India’s stock market investors had hoped for. They turned poorer by ₹11 trillion on record foreign investor outflows amid a sharp bounce back in Chinese stocks following recent fiscal and monetary stimulus measures, escalating tensions in West Asia, and expensive share valuations….
Source: Live Mint Oil prices increased on Thursday as investors grew concerned that an escalating conflict in the Middle East could potentially disrupt crude oil shipments from the region. However, gains were limited by an improved global supply outlook. By 1211 GMT, Brent crude futures had risen by $1.52, or 2.06%, to $75.42 per barrel,…
Source: Live Mint Hyundai Motor India is expected to launch its ₹25,000-crore initial public offering (IPO) on October 14, PTI reported on Thursday. Hyundai’s proposed ₹25,000-crore IPO will become the largest in India, surpassing Life Insurance Corporation’s (LIC) public offering of ₹21,000 crore. The Indian arm of the South Korean automaker proposed an offer-for-sale (OFS)…
Source: Live Mint PwC India has announced a collaboration with Meta to enhance the adoption of open-source AI solutions utilizing Meta’s Llama models. This partnership aims to develop innovative applications for both enterprises and citizen services, focusing on the capabilities of Generative AI (GenAI). The timing of this collaboration aligns with the Indian government’s recent…
Source: Live Mint The share allocation for HVAX Technologies Ltd’s initial public offering (IPO) is set to be finalized today, October 3. The NSE SME issue experienced strong demand, attracting bids for more than 1.67 crore shares, while only 4.87 lakh shares were on offer. HVAX Technologies shares will be listed on National Stock Exchange…
Source: Live Mint Pharma company Amanta Healthcare has filed its draft red herring prospectus (DRHP) with markets regulator Securities and Exchange Board of India (SEBI) to raise funds through initial public offering (IPO). The issue size will be of up to 1,25,00,000 equity shares with a face value of ₹10 each, all of which will…
Source: Live Mint When you want to raise a personal loan for an immediate need, there are a number of banks and non-banking financial institutions (NBFC) which you can approach. But have you ever wondered what the monthly instalment will be that you need to pay to service the loan? For this, you need to…
Source: Live Mint When you are in need of money, what can you do? Borrow from someone or approach a bank or a financial institution. Among various types of loans, one can seek a personal loan from a bank or a financial institution. For the uninitiated, a personal loan is an unsecured loan that borrowers…
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