The FinTech Hub
Source: Live Mint Top News SEBI Mandates Enhanced Transparency in Mutual Fund Disclosures Starting December 2024 In a recent regulatory update, the Securities and Exchange Board of India (SEBI) introduced new measures to enhance transparency in the mutual fund industry. Beginning December 5, 2024, fund houses are required to distinctly disclose expenses and returns for…
Source: Live Mint Indian stock market faced a sharp correction in October, driven by sustained selling from Foreign Portfolio Investors (FPIs), who shifted to more attractively valued markets like China amid weaker domestic corporate earnings. According to data from the National Securities Depository Ltd (NSDL), FPIs recorded net sales of ₹94,017 crore in Indian equities…
Source: Live Mint Breakout stocks to buy or sell: Indian stock market benchmarks, the Sensex and the Nifty 50, snapped their two-day winning run in the previous session on heavy profit booking across segments. The Sensex and the Nifty 50 both fell over a per cent, while the mid- and small-cap indices on the BSE…
Source: Live Mint Bharat Global Developers (BGDL) share price was locked in the 5% upper circuit limit on Thursday, November 7 after the company announced the receipt of an order from Reliance Industries Ltd (RIL). BGDL stock price was trading 5% higher at ₹903.40 apiece on the BSE. Bharat Global Developers said it has been…
Source: Live Mint Niva Bupa Health Insurance Limited’s initial public offering (IPO), through a book-building process, offers a fresh issue and an offer-for-sale (OFS) component, opened for subscription on Thursday, November 7. The public offer was subscribed 65 per cent on the first day as investors bid for 11.19 crore shares, compared to 17.28 crore…
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 The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open lower and remain volatile on Thursday amid mixed global market cues. The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 24,450 level, a discount of nearly…
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, opened for subscription on Wednesday, November 6. The public offer was subscribed 39 per cent on the first day as investors bid for 2.27 crore shares, compared to 5.82 crore shares…
Source: Live Mint Niva Bupa Health Insurance Company’s initial public offering (IPO) will open for public bidding on Thursday, November 7, and will close on Monday, November 11. The healthcare insurer has fixed the price band at ₹70-74 per share. The health insurance company, set up in 2008, is a joint venture between the Bupa…
Source: Live Mint Indian stock market’s benchmark indices, Sensex and Nifty 50, rallied over 1% on Wednesday in response to the US election results 2024, which indicate a likely victory for Republican candidate and former President Donald Trump over Democratic candidate Kamala Harris. On Wednesday, the Sensex surged 901.50 points, or 1.13%, to close at…
