The FinTech Hub
Source: Live Mint PMEA Solar Tech Solutions, a prominent Indian manufacturer of solar tracking and mounting products based in Mumbai, has submitted its draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) to raise capital through an initial public offering (IPO). The IPO, which has a face value of ₹10…
Source: Live Mint The KRN Heat Exchanger and Refrigeration IPO will open for subscription on September 25, 2024, and will close on September 27, 2024. Bidding for anchor investors is scheduled for September 24, 2024. The company has not yet announced the price band for the issue. According to the Red Herring Prospectus (RHP), the…
Source: Live Mint In the first half of 2024, India recorded the highest number of mainboard-listed companies, more than 5,450 globally, which is around 25 per cent of global IPO listings. The global IPO market reached its peak in 2021. However, India has been an outlier with listings in the last year due to solid…
Source: Live Mint Brent crude futures have lost nearly 25 per cent year-to-date (YTD) over softer demand and a low-risk premium so far in 2024. At its lowest in the last nine months, the crude oil benchmark declined to a 33-month low at under $70 per barrel due to continued weakness in Chinese economic growth…
Source: Live Mint Oil prices rose by a dollar a barrel on Tuesday as supply disruptions mounted and traders bet demand will grow if the U.S. Federal Reserve lowers borrowing costs this week, as is widely expected. U.S. crude oil futures gained $1.31, or 1.9%, to $71.40 by 12:03 p.m. ET (1603 GMT). Brent crude…
Source: Live Mint Union Labour Minister Mansukh Mandaviya said on Tuesday that subscribers of the Employees’ Provident Fund Organisation (EPFO), the government-run retirement savings manager, can now withdraw up to ₹1 lakh at once from their accounts for personal financial needs, an increase from the previous limit of ₹50,000, according to report by Hindustan Times….
Source: Live Mint Shares of Intel Corp. soared as much as 8 per cent on Tuesday after a chip-making deal with Amazon’s cloud business was announced. At 1:08 pm EDT, Intel shares were at $21.62, up $0.70 or 3.37 per cent. On Monday, Intel shares had gained 6.4 per cent. The deal provides some respite…
Source: Live Mint Microsoft Corp. announced a 10 per cent increase in its quarterly dividend and introduced a new $60 billion stock buyback program, matching the scale of its repurchase plan from three years ago. The company’s shares rose by up to 2.4 per cent following the news. In a statement late Monday, the tech…
Source: Live Mint Indian stock market: The Indian market saw another day of consolidation on Tuesday, with traders staying cautious ahead of the Federal Reserve’s upcoming policy meeting. On Wednesday, the Fed is anticipated to announce its first rate cut since 2020. The Nifty 50 closed the session with a 0.14% rise at 25,418 points,…
Source: Live Mint US stock indices gained on Tuesday after retail sales data as investors are focused on the Federal Reserve’s policy decision to be declared on Wednesday. At the opening bell, the Dow Jones Industrial Average rose 101.7 points, or 0.24%, to 41,723.78. The S&P 500 rose 22.4 points, or 0.40%, to 5,655.51, while…
