The FinTech Hub
Source: Live Mint Shares of SBFC Finance surged over 19 percent, reaching a record high of ₹104.35 per share on September 23, following an upgrade by credit ratings agency ICRA, which gave its bank facilities a ‘stable’ outlook. The increase is also accompanied by a surge in trading volumes. Approximately 7 crore equity shares were…
Source: Live Mint Gurugram-based One Mobikwik Systems Limited has received final approval from the Securities and Exchange Board of India (SEBI) to raise ₹700 crore through an initial public offering (IPO). The company had refiled its IPO documents with SEBI on January 4 this year. The IPO, with a face value of ₹2 per share,…
Source: Live Mint NTPC Green Energy, the renewable energy subsidiary of the state-owned National Thermal Power Corporation (NTPC), is expected to launch its ₹10,000 crore initial public offering (IPO) in the first week of November 2024, CNBC-TV18 reported on Monday, September 23, citing people aware of the development. LiveMint couldn’t independently verify the news development….
Source: Live Mint Nine out of 10 individual traders lost money in the futures and options (F&O) segment of the stock market during FY24, a study by the regulator showed, underscoring its concerns over speculation by retail investors. The report released by the Securities and Exchange Board of India (Sebi) on Monday revealed that the…
Source: Live Mint US stocks rose on Monday as investors focused on comments from Federal Reserve policymakers and economic data due this week. Fed presidents Raphael Bostic, Neel Kashkari and Austan Goolsbee supported the last week’s rate cut and voiced support for more cuts in the rest of 2024. At 11:44 a.m. the Dow Jones…
Source: Live Mint Bitcoin stood out as it surged to one-month highs on Monday, continuing its rally following last week’s substantial rate cut by the Federal Reserve. Meanwhile, the yen fell further in markets that were quieter due to a Japanese holiday. By 12:27 pm IST, Bitcoin had climbed 1.3% to $63,703, and Ethereum had…
Source: Live Mint Diffusion Engineers initial public offering (IPO) is set to commence on September 26 and will conclude on September 30. This offering consists entirely of a new equity sale, comprising 94.05 lakh shares. The company has announced a price range of ₹159 to ₹168 per share for its public offering, which amounts to…
Source: Live Mint Reliance Power Ltd’s board of directors approved the issue of preferential shares to raise ₹1,524.60 crore, the company said in a filing on the Bombay Stock Exchange (BSE) on Monday, September 23. “We hereby inform you that the Board of Directors at its Meeting held today i.e., Monday, September 23, 2024, has…
Source: Live Mint Manba Finance initial public offering (IPO) opened for subscription on Monday, September 23. The IPO was subscribed 23.79 times on the first day of bidding. The issue will remain open till September 25. Manba Finance provides a range of financial services such as auto loans, used car loans, small business loans, and…
Source: Live Mint Waaree Energies Limited, an Indian manufacturer of solar PV modules, has received the final approval from the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO), according to a Securities and Exchange Board of India (SEBI) issues filing. SEBI issued the notice on Friday, September…
