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Source: Live Mint Nike sales and profits slumped in its fiscal first quarter as the sportswear giant wrestles with shoppers’ sluggish demand for new sneaker models and other products. The lackluster results Tuesday came after Nike announced last month that its CEO, John Donahoe, is stepping down on Oct. 13. Company veteran Elliott Hill is…
Source: Live Mint The Securities and Exchange Board of India (Sebi) had first introduced new stress testing methodologies for determining credit exposure in CCs, including both hypothetical and historical scenarios to calculate potential losses when closing out client positions on October 16, 2023. CCs confirm, settle and ensure delivery of securities for trading on an…
Source: Live Mint Sales of two-wheelers have demonstrated robust growth in September, achieving double-digit increases, bolstered by a notable surge in electric two-wheeler sales and improvement in the exports. Leading brands like Hero MotorCorp, Bajaj, TVS Motor Co, and Honda Two-Wheelers all reported positive growth compared to their performance in September 2023. In contrast, passenger…
Source: Live Mint The government recently expanded the scope of its free public health insurance scheme, Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana (AB-PMJAY), to include all citizens above age 70 irrespective of their socio-economic status. This comes at a time when health insurance premiums for senior citizens have been soaring. But will it be a…
Source: Live Mint However, with most IPOs getting oversubscribed, securing an allotment has become increasingly challenging. To boost their chances, some investors are turning to IPO loan financing—a strategy that allows them to bid for a higher number of shares than their available capital would typically permit. Read this | Why you should approach the…
Source: Live Mint Paytm shares have demonstrated impressive resilience and strength in recent months, recovering from a challenging first half of the current year characterised by regulatory concerns. Over the last five months, the stock price has jumped 103% to ₹731 apiece. This resurgence is primarily driven by the company’s improving prospects across various business…
Source: Live Mint A recent study by the Securities and Exchange Board of India (Sebi) reveals that investors are increasingly driven by behavioural biases, with many choosing quick exits over long-term holds. The study analysed 144 IPOs listed between April 2021 and December 2023, uncovering a striking trend: 54% of IPO shares (by value) were…
Source: Live Mint KRN Heat Exchanger and Refrigeration IPO: KRN Heat Exchanger and Refrigeration share price will list on the NSE and BSE on Thursday, October 3 after receiving a strong subscription for its initial public offering (IPO). KRN Heat Exchanger IPO was subscribed 213.41 times. The public issue had received 96.74 times bids in…
Source: Live Mint When singer and actor Diljit Dosanjh announced the India leg of his tour on 4 September, his fans across the country immediately started scrambling for tickets. Along with the tickets came another important bit of information: HDFC Pixel Play credit card holders would get exclusive access to book the tickets ahead of…
Source: Live Mint If you are planning to apply for a credit card, and are keenly looking for one with good cashback offers, then be aware that there are many such options – some of which we have compiled here. Here, we list the credit cards offered by top banks, e.g., HDFC Bank, SBI, Axis…
