The FinTech Hub
Source: Live Mint Swiggy Limited, the online food delivery and quick commerce firm, on Tuesday said it has raised around ₹5,085 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 13,03,85,211 or 13.03…
Source: Live Mint Trump Media & Technology Group Corp., the parent company of the former president’s Truth Social platform, jumped more than 15 per cent on Tuesday as voters head to the polls. The stock, which trades as the ticker symbol DJT, is notoriously volatile and is broadly considered a meme stock. The former president’s…
Source: Live Mint Oil prices edged up about 1% to a one-week high on Tuesday ahead of what is expected to be an exceptionally close U.S. presidential election, after rising more than 2% in the previous session as OPEC delayed plans to hike production in December. Brent futures were up 73 cents, or 1.0%, to…
Source: Live Mint Semiconductor design company Tessolve, owned by Hero Electronix, has acquired Germany’s Dream Chip Technologies for ₹400 crore, in a deal that would enable the Bengaluru-based technology firm design more complex processors and give it a competitive edge. The deal strengthens Tessolve’s design capabilities, besides giving it a much better access to European…
Source: Live Mint Hindustan Zinc FPO: The government will sell up to 2.5 per cent of its stake in Hindustan Zinc through an offer for sale (OFS) at a floor price of ₹505 per share. At the floor price, the stake sale would fetch over ₹5,000 crore via the OFS. The two-day OFS opens for…
Source: Live Mint US stocks rose on Tuesday, as investors awaited the outcome of the tightly contested presidential election and other potentially market-rattling events this week. At the opening bell, the Dow Jones Industrial Average rose 40.9 points, or 0.10 per cent, to 41835.49. The S&P 500 rose 9.7 points, or 0.17 per cent, to…
Source: Live Mint If you are planning to lock your savings in a fixed deposit (FD), it is reasonable to check the interest rates offered by different banks. Although most depositors prefer to open a term deposit account with a bank with which they share a long-term banking relationship, one can consider opting for a…
Source: Live Mint MUMBAI : Tata Power Co. Ltd’s shares have had a stellar run in the past year, soaring as much as 77% compared to the 25% returns of the Nifty50. One factor driving investor sentiment is the improved outlook on the back of the ramp-up in the solar module manufacturing plant and commissioning…
Source: Live Mint (Bloomberg) — US Treasuries fell and a gauge of bond volatility rose to the highest in a year as traders counted down to a presidential election that remains too close to call. The yield on 10-year Treasuries rose three basis points to 4.31%, nearing a three-month high, with strategists and investors warning…
Source: Live Mint Multibagger Stock: Shares of Gillette India have been on a steady upward trajectory in recent sessions following the company’s impressive financial results for the quarter ending September. Since the announcement of its Q2 results on October 28, the stock has experienced a remarkable run, finishing the subsequent seven trading sessions, including today’s,…
