The FinTech Hub
Source: Live Mint The Leela luxury hotel chain’s parent Schloss Bangalore has filed draft red herring papers (DRHP) for a ₹5,000 crore ($599 million) initial public offering (IPO) on September 20, data on the exchanges showed. As per the exchange filing, Schloss is eyeing fresh issue of shares worth ₹3,000 crore, and shareholder Project Ballet…
Source: Live Mint This month China’s central bank revealed that its digital currency, the e-CNY, had been used for 7trn-yuan-worth of transactions in its short life—an amount equivalent to almost $1trn. China is not alone. Over 130 countries are exploring digital currencies, according to the Atlantic Council, a think-tank. Proponents of official digital currencies believe…
Source: Live Mint Have you ever wondered who will be held responsible if a group of investors are unable to buy or redeem securities because of a technical glitch faced in the software or IT system of a stock market or a depository? As per the current Securities and Exchange Board of India (Sebi) rules,…
Source: Live Mint The Indian stock market’s initial public offering (IPO) surge is poised to make September the busiest month for public listings in 14 years, according to the Reserve Bank of India (RBI) bulletin data released on September 20. than 28 companies have entered Dalal Street in September so far, both in the mainboard…
Source: Live Mint New-age tech stocks such as Paytm, Zomato, Nykaa, among others, witnessed rapid changes in their respective stock prices this week when domestic equity benchmarks Sensex and Nifty 50 logged record highs on strong global cues. Some of the top new-age tech stocks snapped their winning streaks, while others outperformed the frontline benchmarks…
Source: Live Mint Dividend Stocks: Shares of several major companies, including Bajaj Healthcare Ltd, Bharat Dynamics Ltd, Ceigall India Ltd, Cochin Shipyard Ltd, Rail Vikas Nigam Ltd, La Opala RG Ltd, Gujarat Apollo Industries Ltd, Panorama Studios International Ltd, and Bajaj Holdings & Investment Ltd among others, will trade ex-dividend from Monday, September 23, according…
Source: Live Mint Foreign portfolio investors (FPIs) made a remarkable comeback to Indian markets in September, snapping their previous moderation, driven by domestic and global factors. FPIs were consistent buyers in June and July after election-related jitters faded and stability returned to Indian markets. However, FPIs halted their buying streak with the onset of the…
Source: Live Mint – StoxBox recommends buying ACC Ltd. at ₹2490, targeting ₹2700 with a stop loss at ₹2400. The stock is rebounding from a demand zone and has regained key moving averages. With a 32% capacity expansion and new limestone reserves, ACC is well-positioned to benefit from rising demand in housing and infrastructure. –…
Source: Live Mint A Littlle Humour He added that the second problem with sitting on part cash is — “What do you pray for every morning”. “Second problem with sitting on part cash: What do you pray every morning? That markets go down because you have some cash or that the markets go up because…
Source: Live Mint The Securities and Exchange Board of India (SEBI), in a right-to-information (RTI) response, said on Friday, September 20, that the cases where SEBI Chairperson Madhabi Puri Buch recused herself due to potential conflict of interest are not “readily” available and collating them would be a “disproportionately divert” of its resources, according to…
