City Pacific Financial News

24.12 / 10:02

IPO Booking Experts band reports recommendations Muthoot Microfin shares to list on Tuesday. What GMP signals ahead of listing?

Muthoot Microfin listing: The shares of Muthoot Microfin will likely get listed on the exchanges on December 26. Ahead of the listing, the company's shares are commanding a premium of Rs 26 in the unlisted market. Considering the upper price band of Rs 291, the company's shares are expected to list with a mild premium of 9% on the exchanges. However, it is important to note that grey market premiums are just an indicator as to how the company's shares are stacked up in the unlisted market and are subject to change rapidly. The Rs 960-crore IPO of Muthoot Microfin was subscribed 11.52 times at close.

06.03 / 08:51

XRP Cardano solana Bitcoin Price Peter Schiff calls Trump’s crypto reserve push a ‘Pump and Dump’, demands congressional probe

Peter Schiff, Chief Economist and Global Strategist at Euro Pacific Capital, has accused U.S. President Donald Trump of orchestrating a massive “pump and dump” scheme involving cryptocurrencies. Schiff is now calling for a Congressional investigation into the matter, alleging that Trump’s recent statements on digital assets led to significant market manipulation. In a strongly worded post on X (formerly Twitter), Schiff claimed that Trump, whom he labeled as the “first crypto President,” played a role in what he described as the “biggest crypto rug pull of all time.”

05.09 / 02:22

Aware Career Platform Action security social Profiles Sebi's Madhabi Buch worked at ICICI and a PE firm between 2011 and 2013

ICICI Bank and continued to have worked until October 2013, according to an executive familiar with the developments at the bank. This is corroborated by ICICI Bank’s response to stock exchanges on 2 September, when it disclosed that Buch retired from ICICI Group on 31 October 2013. However, Buch’s profile on professional networking platform LinkedIn states she worked with Greater Pacific Capital, a Singapore-headquartered private equity firm, as head of business developments between 2011 and 2013.

13.07 / 04:19

markets COST UPS trends show reports Indians like to have a swig of premium beer

beer category by nearly three times in FY24, companies' reports and excise data showed. According to available data, premium beers (on average, beers priced above Rs 125 per pint) grew 25-30% by volume in FY24, compared to 8-10% growth of the overall beer category. At Bira91's recently opened Taproom pubs in Ludhiana, flavoured premium beers such as Citrus Wheat, IPA and Stouts are outselling stronger and regular lagers by about three times. «What is interesting to note is that there's this stereotype that people in Punjab drink strong beers. But this busts that stereotype — consumers there are actually drinking beers that are flavourful and milder,» said Ankur Jain, chief executive of B9 Beverages, which sells Bira91.

10.04 / 05:19

markets UPS Target CEO Interface show stake Paytm shares: FPIs, domestic investors, mutual funds raise stake in fintech major despite stock price erosion

One 97 Communications, the parent company of Paytm, shows that the holding of domestic investors has increased in the fourth quarter of FY24 driven by mutual funds along with new FPIs buying the stock. Mutual Funds have increased their stake in Paytm by 1.17% from 4.99% in the quarter ended December 2023 to 6.15% in the March 2024 quarter, led by investment from Mirae Mutual Fund and Nippon India Mutual Fund.

26.12 / 04:56

IPO Booking Experts reports Muthoot Microfin shares debut at 5% discount to issue price

Muthoot Microfin listed at a discount of 5% on the exchanges on Tuesday. The stock debuted at Rs 275.3 on NSE, down 5.4%, compared to the issue price of Rs 291.

18.12 / 04:37

IPO WhatsApp Experts reports recommendations Muthoot Microfin's Rs 960-crore IPO opens. Should you subscribe to this issue?

IPO) of Muthoot Microfin opened for subscription today and will be available for the public to bid till December 20. The company has bagged Rs 285 crore from 26 anchor investors ahead of the issue. The IPO comprises a fresh issue of Rs 760 crore and an offer-for-sale (OFS) of Rs 200 crore. Under the OFS, promoters Thomas John Muthoot, George Muthoot, Preethi John Muthoot, Remmy Thomas, and investor Greater Pacific Capital will offload shares. Muthoot Microfin is the fourth largest microfinance company in India in terms of gross loan portfolio. It is the third-largest in South India, with the largest in Kerala in terms of market share, and a key player in Tamil Nadu with an almost 16% share.

17.12 / 04:59

IPO WhatsApp Allianz Experts band recommendations Muthoot Microfin raises Rs 285 crore from anchor investors ahead of IPOmarkets IPO FPO

Muthoot Microfin has raised Rs 285 crore by selling part stake to anchor investors in the pre-IPO placement. The company has allocated 97,93,812 shares to 26 anchor investors. These include foreign portfolio investors like Morgan Stanley, Societe Generale, Copthall Mauritius Investment.

17.12 / 04:59

IPO Booking Experts band performer reports Muthoot Microfin IPO opens on Monday. 10 things to know before subscription

IPO) of Muthoot Microfin will open for subscription on December 18. The issue closes on December 20.

09.07 / 06:25

CEO Mobile 'Be like a potato': Sebi chief Madhabi Puri Buch's advice to IIM Ahmedabad students

Madhabi Puri Buch, chairperson of capital market regulator Sebit told the incoming students of IIM Ahmedabad at a recent event. Madhabi Puri Buch, an IIM Ahmedabad alunmus, took charge as chairperson, Securities and Exchange Board of India, last year. She had earlier served as whole time member of the market regulator and had handled Market Regulation Department, Market Intermediaries Regulation & Supervision Department, Integrated Surveillance Department, Investment Management Department, Department of Economic & Policy Analysis, Office of Investor Assistance & Education, National Institute of Securities Markets and Information Technology Department.

13.03 / 11:45

COST UPS CEO Action Fallout SVB NOT Bill Ackman says U.S. did the 'right thing' in protecting SVB depositors. Not everyone agrees

Billionaire investor Bill Ackman said the U.S. government's action to protect depositors after the implosion of Silicon Valley Bank is «not a bailout» and helps restore confidence in the banking system.

04.07 / 12:57

banking Bitcoin Peter Schiff Gets an Unexpected Lesson in the Benefits of Bitcoin as Banking Woes Bite

The arch-Bitcoin (BTC) skeptic Peter Schiff has experienced problems with the traditional international banking system – giving BTC advocates the opportunity to tell him that his struggles could have been avoided had he made use of bitcoin.

04.03 / 16:29

MARKET Gold Ukraine war Bitcoin debate Bitcoin vs Gold Debate Continues as Both Assets Rise Following Ukraine War

The never-ending debate around bitcoin (BTC) versus gold is once again in the spotlight, as both assets have risen after the onset of the Ukraine war -- and bitcoin’s properties as censorship-resistant money has come back into focus.

what's happening in city Pacific

What is the current situation in city Pacific?

In city Pacific, the spotlight is on local government initiatives that spark public discussion.

Where can I find reliable news about city Pacific?

We publish reliable reports about the situation in city Pacific, based on information from official representatives.

What shapes the media agenda in city Pacific?

The news landscape of city Pacific is shaped by major cultural and social events, reflecting its unique context.