The FinTech Hub
Source: Live Mint US stocks were mixed on Thursday after hot Producer Prices Index (PPI) data. US wholesale prices rose by 0.2 per cent in August, putting the index on an annual basis at 1.7 per cent, down from a revised 2.1 per cent. The PPI, excluding food and energy components, rose by 0.3 per…
Source: Live Mint Western Carriers, on Thursday, announced that the firm has raised ₹148 crore from anchor investors a day before its initial public offering (IPO) opens for bidding. According to the exchange filing, the company has allocated 85,96,743 shares at the upper price band of ₹172 to 15 anchor investors. “Western Carriers (India) Limited…
Source: Live Mint Gold prices surged over 1 per cent to reach an all-time high on Thursday, driven by growing expectations of an interest rate cut by the Federal Reserve next week following U.S. data indicating a slowing economy. As of 9:46 a.m. ET (1346 GMT), spot gold had risen 1.6 per cent to $2,551.19…
Source: Live Mint The initial public offering (IPO) of PN Gadgil Jewellers, which opened for subscription on September 10, was subscribed over 59.41x on the final day of bidding. As of January 2024, the company is the second-largest among major organized jewellery players in Maharashtra based on the number of stores, according to the RHP….
Source: Live Mint Suzlon Energy’s shares surged to a 5 per cent upper circuit for the third straight session, hitting a new 52-week high of ₹86 in Wednesday’s BSE trading. This boost was fueled by favorable investor sentiment after Morgan Stanley assigned an overweight rating to the renewable energy firm. The stock experienced significant trading…
Source: Live Mint If you are using UPI Lite for small-value transactions, then there is good news for you. Starting October 31, you will be able to use auto top-up option for reloading the amount of your choice in your UPI Lite account. By issuing a circular dated August 27, the National Payments Corporation of…
Source: Live Mint Expert view: Pramod Gubbi, the co-founder of Marcellus Investment Managers, believes the valuation of Nifty 50 is high but not out of balance. In an interview with Mint, Gubbi discussed the long-term opportunities and the impact of the US Fed rate cut on the Indian stock market. Edited excerpts: Does this market…
Source: Live Mint “Which mutual fund should I invest in?” It must have been the 20th time my sister had called to ask me this. As usual, I tried explaining the basics but was quickly interrupted this time. “Don’t waste my time, just tell me where most people are investing.” This was understandable. She had…
Source: Live Mint Zomato share price: Rising over 5 per cent in intraday trade, shares of Zomato hit its fresh all-time high of ₹285.95 in intraday trade on the BSE on Thursday, September 12. The stock finally closed 4.49 per cent higher at ₹283.90, extending its winning streak into the sixth consecutive session. The stock…
Source: Live Mint Do you have multiple loans to repay and worry that settling them all will take a long time? While there are several strategies for managing debt, one option is to use a new personal loan to pay off existing ones. Although this approach may seem risky, and some might warn against it…
