The FinTech Hub
Source: Live Mint ACME Solar Holdings Limited’s initial public offering (IPO), through a book-building process, offers a fresh issue and an offer-for-sale (OFS) component. The IPO completed its second day of public bidding on November 7. The public offer was subscribed 70 per cent on the second day as investors bid for 4.05 crore shares,…
Source: Live Mint Multibagger IPO: KRN Heat Exchanger and Refrigeration shares have jumped 40% in five days after Q2 results 2024. The share price has more than doubled over the issue price giving Multibagger returns to IPO investors. The KRN Heat Exchanger share price gained more than 12 % during intraday trades on Thursday. The…
Source: Live Mint If you stay invested in a mutual fund for a long period of time, the returns tend to grow multifold for what is known as ‘compounding’. The gains earned in the first few years are added to the corpus, thus making it grow considerably over a period of time. Here, we share…
Source: Live Mint An insurance distributor has suggested that I pay the premium to them instead of the insurance company. They are offering attractive premiums. What measures can I take to ensure I am not cheated? – Name changed on request Under the law, insurance premiums can only be paid to insurers. It’s illegal for…
Source: Live Mint Swan Energy shares surged 14.68 per cent to reach an intraday high of ₹569.45 on Thursday, November 7, after the company disclosed that it has no assets or business operations in Myanmar. Swan Energy also said it has no association or affiliation with Asia Sun Trading Company, which is owned or controlled…
Source: Live Mint A recent government notification, however, stumped him. The government said it would stop paying interest on NSS accounts from October 1. For the period from 1 March 2003 to 30 September 2024, the NSS interest rate was 7.5% per annum. The government’s decision left Shah and other investors in the small savings…
Source: Live Mint Top Gainers and Losers Today : The Top Gainers And Losers Today: The Nifty index closed at 24,484.05, reflecting a decrease of 1.16%. During the trading session, the Nifty reached a high of 24,503.35 and a low of 24,179.05. Meanwhile, the Sensex fluctuated between 80,563.42 and 79,419.34, ultimately closing 1.04% lower at…
Source: Live Mint HDFC Bank on Thursday raised its marginal cost of lending based rates (MCLR) by 5 basis points across three tenors. These tenures are overnight, one month and 3 years. As per the latest rates which came into force on Nov 7, the MCLR rate for overnight now stands at 9.15 percent, which…
Source: Live Mint Amara Raja Energy and Mobility Ltd’s weak margin performance in the September quarter overshadowed its 12% year-on-year jump in standalone revenue. The revenue, which was in line with analysts’ expectations, was driven by increased traction in three segments: two-wheeler and four-wheeler aftermarket, two-wheeler original equipment makers, and exports. But rising input costs,…
Source: Live Mint Have you started using a credit card recently? If yes, you should be mindful of the fact that a credit card is not only meant to offer a life on credit, but also a life full of luxury and comfort. Well, it sounds strange but true! Thanks to the regular use of…
