The FinTech Hub
Source: Live Mint HDB Financial Services Ltd, owned by HDFC Bank Ltd, has received the capital markets regulator’s approval for a ₹12,500-crore initial public offering. The non-bank financier filed its draft red herring prospectus (DRHP) on 30 October, comprising a fresh issue of up to ₹2,500 crore and an offer for sale of up to…
Source: Live Mint HDB Financial Services IPO: HDB Financial Services (HDBFS) Ltd, a subsidiary unit of India’s largest private sector lender—HDFC Bank, has received the approval from capital markets regulator Securities and Exchange Board of India (SEBI) to raise ₹12,500 crore through an upcoming initial public offering (IPO). The parent firm HDFC Bank, which holds…
Source: Live Mint HDFC Bank has announced a slew of changes in its credit card transactions that include new charges on wallet loading using third party apps, online skill-based gaming transactions and utility payments beyond the specified limit. The revised charges will be applicable from July 1. “If you load third-party wallets with more than…
Source: Live Mint Despite a generally weak performance in the equity market, the combined market capitalisation of four out of the ten most valuable companies rose by ₹1,01,369.5 crore last week, with Life Insurance Corporation of India (LIC) leading the gains. The BSE benchmark index slipped by 270.07 points or 0.33% over the week. Among…
Source: Live Mint The Indian stock market benchmark indices, Sensex and Nifty 50, ended lower on Friday, weighed down by losses in auto, metal, and IT sectors. The market also posted mixed performance for the week, as the benchmark indices fell and broader markets rose. On Friday, the Sensex dropped 182.01 points, or 0.22%, to…
Source: Live Mint Money rule changes from 1 June 2025: A series of financial rules will be introduced from 1 June 2025, onwards, expected to impact individuals and businesses actively engaged in the financial sector. The introduction of the Employees’ Provident Fund Organisation (EPFO) 3.0 system, the TDS deadline, and Sebi’s new cut-off timings for…
Source: Live Mint HDB Financial Services Ltd. is close to securing the go-ahead from India’s securities regulator for its initial public offering, according to people familiar with the plan, which would allow the shadow lender to launch one of the country’s biggest listings this year. The Securities and Exchange Board of India’s approval is set…
Source: Live Mint New Delhi, May 25 (PTI): The combined market valuation of six of the top-10 most valued firms eroded by ₹78,166.08 crore last week, with Reliance Industries taking the biggest hit, in line with weak trends in equities. Last week, the BSE benchmark dropped 609.51 points or 0.74 per cent and the Nifty…
Source: Live Mint Nine out of the ten most valuable companies saw a combined increase of ₹3.35 lakh crore in their market capitalisation last week, reflecting an overall positive momentum in the stock market, with Reliance Industries leading the surge. Among the top 10 firms, HDFC Bank, Tata Consultancy Services (TCS), ICICI Bank, State Bank…
Source: Live Mint Eight of India’s ten most valuable companies collectively lost ₹1.60 lakh crore in market value last week, with Reliance Industries suffering the largest decline amid a broader market downturn. The BSE benchmark index fell by 1,047.52 points, or 1.30%, during the week. Reliance Industries, HDFC Bank, Tata Consultancy Services (TCS), Bharti Airtel,…
