The FinTech Hub
Source: Live Mint ESOP 2024: Poonawalla Fincorp Limited on September 11 announced the grant of 300,000 stock options under its Employee Stock Option Plan-2024 – Scheme-II (ESOP-2024 – Scheme-II). The Nomination and Remuneration Committee of the Board approved this grant on September 10, 2024, with an exercise price set at ₹382.63 per option. The options…
Source: Live Mint Tolins Tyres’ Initial Public Offering (IPO) opened for subscription on September 9 and closed today, September 11. The company aims to raise approximately ₹230 crore through the offering, which will be listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) The IPO price band has been set between…
Source: Live Mint Shares of Century Textiles & Industries, the real estate venture of the Aditya Birla Group, surged 8.2 percent in intraday trading today, hitting a new all-time high of ₹2,689 per share. This followed a 5.6 percent rise in the previous session, bringing the total two-day gain to 14 percent. The surge was…
Source: Live Mint At 11 Sep 11:19 today, Ongc shares are trading at price ₹287.8, -2.66% down from the previous closing price. Sensex is trading at ₹82030.08, up by 0.13%. The stock has hit a high of ₹292.7 and a low of ₹287.3 during the day. On the technical front, the stock is trading above…
Source: Live Mint G42, a United Arab Emirates-based technology holding group, has started discussions with startups and tech companies in India to build generative AI solutions based on its Hindi large language model (LLM) NANDA, Manu Jain, CEO of its India arm, said in an exclusive interaction with Mint. With this foundational model, Hindi language speakers…
Source: Live Mint Gold and Silver Prices Today: Gold prices experienced a minor increase on Wednesday. The cost of 24 carat gold is Rs.7392.0 per gram, reflecting an increase of Rs.460.0. The cost of 22 carat gold is Rs.6886.0 per gram, which has risen by Rs.1510.0. The price change in 24 carat gold over the…
Source: Live Mint Kross Limited IPO; The Initial public issue that opened for subscription on 9 September closes today. The Kross IPO had been subscribed 2.73 times by Day 2 with retail portion having been subscribed 4.15 times. It had been subscribed 0.03 times in the QIB category, and 3.03 times in the NII category….
Source: Live Mint US Fed rate cut: The outcome of the September policy meeting of the Federal Open Market Committee (FOMC) could be the most significant catalyst for global markets—or perhaps not. Although no one knows what the US Federal Reserve will decide about policy rates on September 17-18, there is still prevailing certainty that…
Source: Live Mint Stock market today: On Tuesday, the Indian stock market extended its gains for the second consecutive trading session. The Nifty 50 rose by 0.42 percent, ending the day above the 25,000 mark at 25,041 points. The BSE Sensex also closed higher, climbing 0.43 percent to reach 81,912 points. Trade setup for Wednesday…
Source: Live Mint I’m planning to return to India after working abroad for 35 years. I have some FCNR deposits. I have been advised to convert them to RFC deposits upon my return. Like FCNR deposit interest, is RFC deposit interest also tax free?—Name withheld on request Returning Indians have the option to convert their…
