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22.11 / 05:03

IPO Target Booking Gap Enterprise band reports services Financial Fedbank Financial Services IPO: 10 must-know points from RHP

₹600.77 crore via the issuance of fresh equity shares, whereas existing shareholders and promoters will offload 35,161,723 shares, aggregating to ₹492.26 crore. The total size of the IPO was ₹1,092.26 crore. The price band for the offer has been fixed at ₹133–140 per equity share with a face value of ₹10 each.

22.11 / 04:12

Strategy Align Experts performer electronic patient 2024 Financial New Year 2024: 4 personal financial advisors advise important money mantras

bank accounts and wallets, making money a commonly chosen topic for New Year resolutions. Many personal financial experts share how planning money mantras and adhering to them can help you develop a better relationship with money. Prioritize cultivating a positive mindset about money before charting out your financial goals and formulating corresponding money mantras.

22.11 / 04:12

IPO Provident FIVE Booking BAY band reports services NOT Financial Fedbank Financial Services IPO: GMP, review, other details. Apply or not?

Fedbank Financial Services IPO opens today: The initial public offering (IPO) of Fedbank Financial Services Ltd has hit primary market today and it will remain open for bidding till 24th November 2023. This means Fedbank Financial Services IPO opens today and it will remain open for bidders till Friday this week. The NBFC has fixed Fedbank Financial Services IPO price at ₹133 to ₹140 per equity share.

22.11 / 02:44

Provident Cooper Aware economy Death reports NOT Financial Use Sahara’s unclaimed funds for financial sector, not pre-election freebies

₹16,000 crore to markets watchdog Sebi to refund investors. Now with the death of its founder Subrata Roy, the Centre seems to be weighing the option of transferring the corpus to the Consolidated Fund of India. A report in The Economic Times on Monday said that the government was looking at the legality of transferring the funds to the consolidated fund with few investors coming forward to claim money even after a decade.

22.11 / 02:44

IPO FIVE Booking WhatsApp Allianz services Financial Fedfina IPO: Fedbank Financial Services raises ₹325 crore from anchor investors ahead of IPO

₹324.67 crore from anchor investors, a day before the opening of its initial public offering (IPO) on Tuesday, November 21. The company listed the names of the 22 investors who took part in the anchor book in a regulatory filing.

21.11 / 19:19

show Option Financial 54% of people choose mutual funds as preferred financial investment option, shows survey

Mutual funds and fixed deposits remain the top choices for financial investments among a majority of people, with 54% and 53% respectively favouring these options, according to the BankBazaar survey.

21.11 / 13:57

IPO FIVE Manufacturing Healthcare Experts band performer Financial How shares of Gandhar Oil, Flair Writing and Fedbank Financial stacked up in the grey market?

Gandhar Oil Refinery Gandhar Oil Refinery shares are commanding a premium of Rs 61 in the unlisted market, according to market analysts. The price band of this public issue is fixed at Rs 160-169. If the trends are sustained, the stock is expected to list at a healthy premium of 36%. The offer comprises a fresh equity issue of Rs 357 crore and an offer for sale (OFS) of Rs 143 crore.

21.11 / 12:32

CEO Tether USDT Strategy Bill Bitcoin reports Financial Tether’s $1 Billion Deposit With Britannia Financial Subsidary At Center of Legal Battle in London’s High Court

Tether’s deposit of over $1 billion with a financial services firm has come under scrutiny in London’s High Court.

21.11 / 12:21

Citi Provident CEO social Financial TruCap Finance aims to achieve gold loan AUM of Rs 700 crore in current financial year

TruCap Finance is aiming to achieve a gold loan AUM (asset under management) of Rs 700 crore in the current financial year through expanding its business in tier 3 and tier 4 cities, which are largely underserved by the formal credit channels. TruCap has witnessed the maximum growth in MSME gold loan business in tier 3 and tier 4 cities with women borrowers in the age group of 31-40 years being one of their biggest customers. The growth in disbursal has been 108 percent till June 2023 as compared to the same period last year with 42% addition in new borrowers. Underlining its commitment to nurturing talent, TruCap has implemented a fast-track talent development program.

21.11 / 11:25

Reuters tenor recommendations services Financial Jio Financial Services in talks for maiden bond issue – bankers

India’s Jio Financial Services is in early talks with merchant bankers for its maiden bond issue, four bankers told Reuters on Monday.The company may look to raise 50 billion rupees ($600.6 million) to 100 billion rupees through the issue and may tap the market in the last quarter of this financial year, the bankers added.Jio Financial, which was carved out of Reliance Industries, is in the process of getting its credit rating and other necessary approvals, they said.

21.11 / 10:05

Inside Financial Inside Hamas’s sprawling financial empire

21.11 / 10:05

IPO Booking WhatsApp band services Financial Fedfina IPO: Fedbank Financial Services raises ₹329.99 crore in pre-IPO placement

₹329.99 crore, today. Fedbank Financial Services Limited, in consultation with the Book Running Lead Managers (BRLMs), initiated a Pre-IPO placement of 23,571,428 equity shares at the upper end of the price band of ₹140 per equity share, and received board approval, the company said in an exchange filing.

21.11 / 07:56

Provident Digital Aware CEO Platform innovations information Financial AI-powered financial technology revolutionising lending

Leading and emerging banks, fintech companies and some of Australia’s most iconic consumer brands are implementing AI-powered technology to revolutionise their customer engagement and lending offerings. Upon pairing this technology with human nous, explainable AI helps deliver great customer service and meet regulatory obligations while providing a competitive edge.

21.11 / 03:47

FIVE CEO Platform Pool performer information guidelines services Financial NFO Alert: DSP Mutual Fund launches DSP Banking & Financial Services Fund; all you need to know

DSP Mutual Fund announced the launch of the DSP Banking & Financial Services Fund. The scheme opened for public subscription on November 20, 2023, and will close on December 04, 2023. The scheme re-opens for continuous sale and repurchase within five days from the date of allotment.

20.11 / 19:09

Citizens Dreams Hartford Conns country reports donates Financial After trying to buck trend, newspaper founded with Ralph Nader's help succumbs to financial woes

A small Connecticut newspaper founded earlier this year with Ralph Nader's help has succumbed to financial problems and will be shutting down

20.11 / 19:03

Digital economy President country innovations prevention Financial Chinese financial watchdog warns of risks as Premier Li takes helm

BEIJING (Reuters) — China's Central Financial Commission (CFC), with Premier Li Qiang in place as its head, urged stronger supervision of risks in the multi-trillion dollar financial sector as China steps up the pace towards becoming a «major financial power».

20.11 / 16:53

Digital Platform Pride innovations Financial Small town ‘mom and pop’ firm switches $220M practice to LPL Financial

A 26-year-old firm from the small town of Uncasville, Connecticut, has joined LPL Financial’s broker-dealer, RIA and custodial platforms, having grown a $220 million AUM practice.

20.11 / 16:53

Enterprise Costs Financial Advice Financial Increasing costs hitting financial advice industry

Rising costs of acquisitions, higher salaries for employees, and competitive recruiting bonuses for financial advisors, along with the record spike in interest rates, are making it more costly to run large wealth management enterprises.

20.11 / 13:29

Provident Platform Strategy Experts show information testing Financial Here's How to Analyze Stocks Without Being Overwhelmed by Complex Financial Data

Navigating the stock market can seem daunting, especially with the sea of financial data available. However, a basic understanding can transform this complexity into valuable insights and enhance your investment strategy.

20.11 / 10:47

Target FIVE Reuters tenor reports recommendations services Financial Jio Financial Services considering maiden bond issue, plans to raise ₹5,000-10,000 crore: Report

Jio Financial Services (JFS), which was recently carved out from Reliance Industries Ltd (RIL), is considering its maiden bond issue with a plan to raise up to ₹10,000 crore, a report said on November 20. The financial services arm of RIL is in talks with merchant bankers, and is planning to launch the issue in the January-March quarter of fiscal year 2023-24, the Reuters report said, citing four bankers who are privy to the development. The company may target raising ₹5,000 crore to ₹10,000 crore through the bond issue, the bankers reportedly added.

20.11 / 09:11

CEO Platform Pool information services Financial New Fund Offer: DSP Mutual Fund launches Banking and Financial Services Fund. Check details

DSP Mutual Fund has announced the launch of DSP Banking & Financial Services Fund (DSP BFSF), which is an open-ended scheme that offers investors an opportunity to partake in the long term structural opportunity in the banking and financial services space.

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