The FinTech Hub
Source: Live Mint (Bloomberg) — A trio of biotech companies’ shares rose in their first trading sessions after they each sold more shares in their respective initial public offerings than they had planned. Bicara Therapeutics Inc. shares climbed 42% to $25.50 apiece as of 1:22 p.m. on Friday. The company had expanded its IPO to…
Source: Live Mint Oil headed for its first weekly advance in a month after Storm Francine disrupted crude production and risk-on sentiment bolstered across wider markets, helping ease a previously oversold crude market. West Texas Intermediate was little changed at around $69 a barrel, giving up its earlier gains after some operations restarted in the…
Source: Live Mint Non-bank financial institution Northern Arc Capital on Friday said it has collected ₹229 crore from anchor investors, days before the opening of its share-sale for public subscription. SBI General Insurance Company, SBI Life Insurance Company, Reliance General Insurance Company, Kotak Mahindra Life Insurance Company, Goldman Sachs (Singapore) Pte, Societe Generale, and Quant…
Source: Live Mint The US stock markets opened higher on Friday, September 13, as investors re-evaluated the possibility of a bigger rate cut from the United States Federal Reserve (FED), as per the news agency Reuters. At 9:30 am (EDT) the stock markets opened for the United States at a high. The Dow Jones Industrial…
Source: Live Mint India’s markets regulator has closed proceedings in the co-location case against the National Stock Exchange and its officials, citing a lack of evidence. Kamlesh Varshney, a whole-time member of the Securities and Exchange Board of India, on Friday held that due to the absence of sufficient material, the test of “preponderance of…
Source: Live Mint Top Gainers and Losers Today : **Top Gainers And Losers Today** The Nifty Index concluded at 25,388.9, representing a decline of 0.13%. Throughout the trading session, the Nifty reached a peak of 25,430.5 and a low of 25,292.45. Meanwhile, the Sensex fluctuated between 83,092.93 and 82,653.22, ultimately closing down 0.09% at 82,962.71,…
Source: Live Mint The initial public offering (IPO) of Envirotech Systems attracted strong demand from both retail and non-institutional investors on its first day of bidding. The IPO, which opened today and is scheduled to close on Wednesday, September 18, was fully subscribed just a few hours after the bidding commenced. As of 4:15 pm,…
Source: Live Mint Employees of India’s largest IT services company, Tata Consultancy Services (TCS), have received income tax notices about discrepancies in their tax deduction at source (TDS). Several employees received income tax notices due to discrepancies between the TDS credit in their Form 26AS, Annual Information Statement (AIS) and the amount they claimed while…
Source: Live Mint When you are on a lookout for bank fixed deposits (FD), one of the key things that you zero in on is the highest rate of interest offered by different banks. While the general thumb rule is that the banks tend to offer higher interest rates for long duration deposits and lower…
Source: Live Mint Deccan Transcon Leasing Limited IPO; The offer opened for subcription by investors on 13, September’2024. Check for Subscription status, GMP, key dates, all you need to know Deccan Transcon Leasing IPO; Subscription status The IPO of Deccan Transcon Leasing received 3.90 subscriptions. By September 13, 2024, 5:0 PM, the public issue had…
