The FinTech Hub
Source: Live Mint KRN Heat Exchanger IPO, worth ₹342 crore, comprises a fresh issue of 15,543,000 equity shares. There is no offer-for-sale component in the issue. The price band has been fixed at ₹209 to ₹220 per equity share with a face value of ₹10. The lot size is 65 equity shares; thereafter, it will…
Source: Live Mint US stocks edged higher on Thursday as Micron’s upbeat forecast revived the frenzy around artificial intelligence. At the opening bell, the Dow Jones Industrial Average rose 198.7 points, or 0.47%, to 42,113.42. The S&P 500 rose 40.0 points, or 0.70%, to 5,762.22, while the Nasdaq Composite rose 245.1 points, or 1.36%, to…
Source: Live Mint Investors in Crompton Greaves Consumer Electricals Ltd are losing their cool as the company faces a tepid September quarter (Q2FY25). Management cautioned analysts of near-term softness in demand for consumer products. Onam sales in Kerala, often seen as an indicator of demand trends, fell year-on-year this time. A hot summer and heat…
Source: Live Mint As India’s economy grows, the banking sector faces a pressing question: is the sluggish growth in Current Accounts & Savings Accounts (CASA) and deposits just a temporary dip, or the beginning of a deeper, long-term trend? With the country’s credit demand rising, the slowdown raises red flags for profitability and financial stability. …
Source: Live Mint Accenture unveiled a $4.0 billion share buyback and reported better-than-expected fourth-quarter revenue driven by a high demand from companies looking to adopt generative artificial intelligence (AI) technology. Accenture hiked it’s annual revenue growth forecast to 3-6 per cent for 2025 after an improvement in macroeconomic indicators and US Federal Reserve’s supersized interest…
Source: Live Mint I bought a policy in December 2023 for ₹10 lakh. My wife was diagnosed with stage 4 cancer in March and underwent treatment in June. The insurer denied cashless hospitalization. What is my recourse? Would it be advisable for me to port the policy? – Name withheld on request Standard individual health…
Source: Live Mint Rappid Valves SME IPO: The Initial Public offering closed for subscription on 25 September. On Thursday, September 26, 2024, the allocation for the Rappid Valves (India) IPO is anticipated to be completed. The tentative listing date for the Rappid Valves (India) IPO is set on Monday, September 30, 2024 on NSE SME….
Source: Live Mint In today’s fast-paced world, financial crises can hit unexpectedly. Whether it’s a medical emergency, sudden job loss, or unexpected home repairs, having access to funds can make all the difference. Many individuals are turning to personal loans as a viable solution to navigate through tough times. But how effective are they in…
Source: Live Mint The fund house is betting big on exchange traded funds (ETF) and believes it has the strongest back-end to be the best in this space. In an interview with Mint, Swarup Mohanty, vice chairman & CEO, Mirae Asset Investment Managers (India) discussed upcoming RBI policy, GDP growth, changing risk profile of investors,…
Source: Live Mint WOL 3D IPO allotment status: Investors who participated in the highly anticipated WOL 3D initial public offering (IPO) are eagerly awaiting the allotment results, expected to be finalised today, September 26, 2024. The IPO, which closed on September 25 with an impressive 373.86 times oversubscription, has generated significant buzz in the market….
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