The FinTech Hub
Source: Live Mint Hyundai IHyundai Motor India is set to launch its highly anticipated initial public offering (IPO) worth ₹27,870.16 crore on Tuesday, October 15. This IPO will be India’s largest to date, surpassing the previous record held by Life Insurance Corporation of India (LIC). Since FY09, Hyundai Motor India has maintained its position as…
Source: Live Mint Oil to telecom conglomerate Reliance Industries, on Monday, reported a decline in profit for the July-September quarter on Monday, primarily driven by weaker performance in its core oil-to-chemicals segment and its retail business. Investors will be paying close attention to the heavyweight stock on Tuesday, October 14, as the quarterly results are…
Source: Live Mint Hyundai Motor India (HMIL), on Monday, raised ₹8,315 crore from anchor investors on Monday, paving the way for the largest-ever initial public offering (IPO) in the country. The Indian subsidiary of South Korean automaker Hyundai Motor Company (HMC) allocated 42.4 million shares to 225 funds at ₹1,960 per share, the upper limit…
Source: Live Mint Most of the conversations around the proliferation of AI in the workplace revolve around the promise of increased efficiency and creativity. In these conversations, what gets lost is the potential of AI to foster a more equitable and inclusive workplace. The latest episode of Mint’s all-new series on AI, All About AI,…
Source: Live Mint Mota-Engil, Portugal’s biggest construction company, is undervalued and its shares should be worth twice their market value, its chief executive officer said. Mota-Engil is down 27% since it released results for the first half-year on Aug. 28 and short sellers ramped up bets against the stock. Muddy Waters Capital Domino Master Fund…
Source: Live Mint Boeing Co. shares slipped around 3 per cent in early trading session on Monday after the planemaker said it plans to lay off about 10 per cent of its global workforce in the coming months, about 17,000 people. On Friday, Boeing’s new Chief Executive Officer Kelly Ortberg told staff in a memo…
Source: Live Mint OPEC on Monday cut its forecast for global oil demand growth in 2024 reflecting data received so far this year and also lowered its projection for next year, marking the producer group’s third consecutive downward revision. The weaker outlook highlights the dilemma faced by OPEC , which comprises the Organization of the…
Source: Live Mint Top Gainers and Losers Today : **Top Gainers and Losers Today** The Nifty index concluded trading at 24,964.25, reflecting a gain of 0.66%. During the trading session, the index recorded a peak of 25,159.75 and a low of 25,017.5. The Sensex also demonstrated positive performance, oscillating between 82,072.17 and 81,541.2, ultimately closing…
Source: Live Mint US stocks were mixed on Monday ahead of earnings. As of 9:33 am Eastern time, the S&P 500 was 0.3 per cent higher, the Nasdaq Composite was up 0.6 per cent, and the Dow Jones Industrial Average was down 0.3 per cent. This week’s calendar includes September US retail sales and earnings…
Source: Live Mint Stock market today: Thanks to gains in shares of select banking and IT heavyweights, including HDFC Bank and Infosys, Indian stock market benchmarks- the Sensex and the Nifty 50- resumed their upward march on Monday, October 14. A fall in crude oil prices influenced market sentiment. Brent crude futures fell over 2…
