The FinTech Hub
Source: Live Mint Gold prices went up by ₹400 per 10 grams on Thursday in Delhi. The prices rose due to sustained buying by jewellers and strong global markets trends, reported PTI. Gold rose to a lifetime of ₹78,250 per 10 grams. “Maintaining its record-breaking run for the second day, gold spurted by ₹400 to…
Source: Live Mint Diffusion Engineers IPO: The initial public offering (IPO) of heavy welding consumable items maker Diffusion Engineers Limited was oversubscribed by over seven times on the first day of issue. The mainboard IPO of the Nagpur-based company opened for subscription on Thursday, September 26, 2024 and will close on September 30, 2024. Diffusion…
Source: Live Mint Nifty 50 September Rejig: Defence PSU stock Bharat Electronics Ltd (BEL) and Tata Group company Trent will enter the NSE’s benchmark Nifty 50 index in its September reshuffle, according to the estimates by Nuvama Alternative & Quantitative Research. On the contrary, LTIMindtree and Divi’s Laboratories are likely to be excluded from the…
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….
