• Thu, December 12, 2024

by: The Hindu

One MobiKwik Systems IPO subscribed 7.3 times on first day of offer

The initial public offering (IPO) of fintech company One MobiKwik Systems got subscribed 7.3 times, receiving an overwhelming response from retail investors, on the first day of sale on Wednesday (December 11, 2024).

by: Cyprus Mail

Cyprus Business Now: tax agreement, reputation campaign, housing loan subsidy

The Cypriot government on Wednesday provided an update on its strategic campaign to improve the country's reputation on the global stage. This effort is being spearheaded by Invest Cyprus and the presidency of the Republic of Cyprus,

by: Beef Central

Nigel Kerin's 2024 trade: Using forward contracts and swaps on thousands of heifers

A prominent NSW cattle trader says buying and selling heifers in 2024 has created a bigger margin than in the boom years of 2021-22 - after he purchased 4500 head earlier this year. This is the first of a short series of case studies on interesting and creative cattle trades during the past 12

by: The Rolla Daily News

Business Finance Brokers vs. Banks: Which Option Is Best for Your Business?

Whether you're looking to expand operations, invest in new equipment, or manage cash flow, choosing the right funding source is crucial. While traditional banks have long been the go-to option for business loans,

by: India TV

EPFO Provident Fund withdrawals through ATMs: How does it work and what should you expect?

EPFO subscribers can withdraw their provident fund (PF) directly from ATMs. Know how this seamless feature works, its benefits, and the Ministry of Labour's plans to modernise social security in India.

by: Business Insider

20 books that Elon Musk, Jeff Bezos, and Bill Gates recommend you read

From biographies to business guides, here are 20 books Elon Musk, Jeff Bezos, and Bill Gates say shaped their views on entrepreneurship and the world.

by: Outlookindia

Leadership Success Story Of Venkata Reddy Thummala's Workday Finance Transformation

Discover how Venkata Reddy Thummala's strategic leadership transformed enterprise financial operations with Workday Finance security architecture implementation.

by: The Scotsman

'Surprises' ahead - How AI and Net Zero will transform three Scottish cities by 2050

There are likely to be some surprises for Scotland's three largest cities in the economic forecasts set out in our UK Cities DNA reports" - Alasdair Steele, head of Scotland commercial at Knight Frank,

by: Business Line

Zoho Finance and Operations suite sees 50% revenue growth in India

by: devdiscourse

IFC and HSBC Launch $1 Billion Risk-Sharing Facility to Boost Trade Finance in Emerging Markets

The initiative aims to support trade by enabling banks in 20 countries across Africa, Asia, Latin America, and the Middle East to increase their lending.

by: businesslive.co.za

G20 finance folk to focus on easier, cheaper cross-border payments in Africa

Sending remittances globally costs about 6.65% of the amount sent, and cutting prices by at least five percentage points could save $16bn

by: NOLA.com

St. Tammany property transfers for Nov. 19-25, 2024. See a list of home and other sales

PAILET FIRST SUBDIVISION, LOTS 1, 2, 31, 32, SQUARE 16: Frank B. Wood Interests LLC, Debra G. Garrett Levis and others to Brister Bros. LLC, $12,000. ABITA RIDGE SUBDIVISION, PHASE 3B, LOT 63: Florida Exteriors LLC to Christopher R. Turner and Bradley L. Albin, $459,000.

by: businesstech.co.za

Finance companies in South Africa slapped with R1.8 million in fines

The Financial Sector Conduct Authority has slapped two financial firms for failing to fully comply with provisions of the FIC Act.

by: CTV News

Quebec and Newfoundland and Labrador expected to sign Churchill Falls energy deal

Quebec Premier François Legault and Newfoundland and Labrador Premier Andrew Furey are scheduled to announce an energy agreement Thursday that could end decades of friction between the two provinces.

by: The New York Times

Remembering David Bonderman, a Private Equity Pioneer

A former lawyer, he cofounded the giant investment firm TPG and became known for complex deals that remade corporate America. He died on Wednesday at 82.

by: ProPakistani

Islamic Finance and Capital Markets Will Help Pakistan Achieve Stability: FM

Federal Minister for Finance and Revenue Muhammad Aurangzeb has said that Islamic finance and Islamic capital markets can play a pivotal role in helping

by: Arabian Business

Qatar approves 2025 budget with $54bn revenues and $57.7bn spending

Qatar has approved its budget for 2025 with an expected $54bn revenues and $57.7bn spending. Amir Sheikh Tamim bin Hamad Al-Thani issued Law No. (17) of 2024 approving the State's general budget for the fiscal year 2025. The law stipulated its implementation and enforcement as of January 1, 2025, and that it be published in the Official Gazette.

by: inc42

How TVS Capital Funds Is Reinventing Its Investment Playbook After Two Decades

Since its launch in 2007, TVS Capital Funds has deployed nearly INR 3,000 Cr from three growth focussed PE funds, fully exited its first two funds and deployed 96% of its third fund

by: Forbes

Trump's Cabinet And Key Jobs: Kari Lake, Jacob Helberg And Leandro Rizzuto Jr. Are Latest Picks

Trump tapped Peter Lamelas, founder of Florida's largest urgent care system, MD Now Urgent Care, to serve as ambassador to Argentina, writing in a statement that "Peter and his family fled communist Cuba, and LEGALLY immigrated to the USA, starting with nothing, and achieving the American Dream."

by: Chattanooga Times Free Press

Tennessee Sen. Yager to refund campaign account for state-paid mileage 'oversight'

Tennessee Sen. Kenneth Yager's recent arrest while driving a campaign-funded car on a Georgia vacation sheds renewed light on the pitfalls of lawmakers' practice of dipping into campaign finances to lease or purchase vehicles.

by: The Royal Gazette

Senators pass controversial changes to Pati laws

Legislation to apply fees and time limits to public access to information requests was passed in the Upper House yesterday, but only after opposition senators forced a vote on the controversial

by: Crain's New York

Police investigate NYC 'wanted' posters of finance executives

The New York Police Department is investigating a number of 'WANTED' posters of senior executives that have been hung in parts of Manhattan. The posters included images of insurance leaders including UnitedHealth Group Inc.

by: Kiplinger

A Checklist for Retiring in 2025

If you're hyper-organized, you may have already ticked off most of the 10-year checklist for retirement planning tasks. But the lead-up to the last day requires a sharpened focus. What do you need to know about your finances?

by: Seeking Alpha

2 Ideal Buys From 50 'Safer' Dividends In 100 December Sustainables

The five lowest-priced top-yield Sustainable dogs for December were: NextEra; Franklin; Interpublic; Kraft Heinz; Avangrid, with prices ranging from $17.97 to $35.55. Five higher-priced Sustainable top-yield dogs as of December 9 were: Exelon; Eversource; Hasbro; Best Buy; Prudential, with prices ranging $37.44 to $122.56.

by: The Daily Star

ADB gives $100 million loan for Bangladesh infrastructure finance fund

The interim government has signed a $100 million loan agreement with the Asian Development Bank (ADB) to strengthen the Bangladesh Infrastructure Finance Fund Limited Project.

by: Kiplinger

Five Tax-Savvy Ways To Donate This Holiday Season

You can give Goats of Anarchy a one-time donation, sponsor your favorite animal, or even donate stock to support the animals at the sanctuary. If you're in the neighborhood, you can even volunteer to help out the team for a regular shift at least once a week.

by: Seeking Alpha

National Bank Of Canada: Soon To Be A Transformed Company

National Bank of Canada is set to expand nationwide with its acquisition of Canadian Western Bank, enhancing its presence outside Quebec and boosting

by: Forbes

Divorce And Business Ownership: Protecting Your Assets During Life's Transitions

Divorce is never easy, but a well-organized financial approach can reduce uncertainty and stress. With careful planning and a trusted team of advisors, you can protect your business, redefine your financial future and move confidently into the next chapter. Taking proactive steps now will position you and your business for continued success.

by: Arabian Business

Google reveals UAE search trends for 2024: Donald Trump, conflict, cricket and rain

Google has released the top trending searches of 2024 for the Middle East and North Africa. The annual lists reveal the most trending search queries that experienced a higher volume of search over a sustained period in 2024 compared to 2023. The lists included the top searched news, personalities, movies, TV series, tournaments, and sports moments.

by: Business Insider

Tesla stock is suddenly crushing the rest of the Magnificent 7. Here are 4 things going right for Elon Musk's carmaker.

From Musk's ties to Trump to a brighter outlook for sales growth, here's what investors see working in Tesla's favor heading into 2025.

by: Business Standard

Harish Shekar to take over as CFO of Siemens Energy Business from Jan 1

Siemens Ltd on Thursday announced the appointment of Harish Shekar as Chief Financial Officer of the company's energy business with effect from January 1, 2025.

by: businesstech.co.za

Trouble brewing at SA's borders, and big step forward for rail in Cape Town

Here's what is happening in and affecting South Africa today:

by: Arabian Business

Apple integrates ChatGPT feature in its new iOS and iPadOS updates

Apple is enabling ChatGPT access in Siri and Writing Tools experiences, allowing users to benefit from its expertise, as well as its image and document comprehension capabilities. Image: Apple Apple released iOS 18.2, iPadOS 18.2, and macOS Sequoia 15.2 on ...

by: Business Standard

Bajaj Housing Finance shares decline 6% as 3-month anchor lock-in ends

An anchor lock-in refers to the mandatory period during which anchor investors are restricted from selling the shares they purchase in an Initial Public Offering (IPO)

by: Forbes

Tenacity And Innovation Define 2024: The Top Companies Driving The Midas List Europe

AI and gaming have been bright spots for Europe's tech sector, driving growth in the challenging funding environment that has defined 2024.

by: Yahoo Finance

Five Companies Honored with 2025 Catalyst Award for Driving Representation and Inclusion for Women

CIBC, JDE Peet's, KPMG, McCarthy Tétrault, and Sanofi are advancing women and inclusion through their best-in-class workplace initiatives. Catalyst, the global nonprofit promoting gender equity and workplace inclusion,

by: Yahoo Finance

Warner Bros Discovery to split TV and streaming businesses into two units

Shares rose about 3% in premarket trading after the company said the new corporate structure will "increase optionality to pursue further value creation opportunities for both divisions". Media companies are considering options for their cable TV businesses as a largescale shift by consumers toward streaming has slammed growth in traditional TV,

by: MSN

France's Political Impasse Amplifies Economic Challenges

France's economic outlook is deteriorating as government collapse and the scrapping of its 2025 budget add to months of political upheaval that has already hammered business confidence.

by: MSN

Vincom Retail named among Forbes Vietnam's top 25 leading brands

Vincom Retail Joint Stock Company ranked 8th in the list of Forbes Vietnam's top 25 leading brands and is the only enterprise in the retail real estate sector recognized.

by: MSN

The S&P 500 Is on Track to Do Something for Only the 4th Time in 100 Years. What Does This Mean for Investors in 2025?

The S&P 500 (SNPINDEX: ^GSPC) is up 27% in 2024, as of Dec. 9. Barring a catastrophic market crash in the final three weeks of the year, this will be a celebrated above-average year for the stock market.

by: MSN

MetLife, General Atlantic to launch reinsurance venture

MetLife and General Atlantic are forming a reinsurance venture, the companies' executives told Reuters on Wednesday, the latest in a growing trend of insurers and alternative money managers teaming up to boost returns from low-risk insurance assets.

by: MSN

Elon Musk's net worth now more than Jeff Bezos and Bill Gates' combined wealth

Elon Musk has scaled another peak as the world's richest person with a net worth exceeding $400 billion. This surge is due to a recent SpaceX transaction and Tesla's stock rise. Musk's wealth now surpasses that of Jeff Bezos and Bill Gates.

by: MSN

Elon Musk's net worth now more than Jeff Bezos and Bill Gates combined

Elon Musk has scaled another peak as the world's richest person with a net worth exceeding $400 billion. This surge is due to a recent SpaceX transaction and Tesla's stock rise. Musk's wealth now surpasses that of Jeff Bezos and Bill Gates.

by: MSN

Whisky Business: Johnson Reserve's record-breaking release

City AM's monthly look at the world of whisky. Whisky has become one of the hottest assets in the world over the past decade, but as the financial returns have stacked up for investors, quality has, in some cases,

by: MSN

Indian retailers state that introduction of a 35% GST slab and pricing-based rate structure will have adverse impact

The Indian Sellers Collective has urged the Finance minister and GST Council to reject the GoM's recommendations on GST rate rationalisation. They argue a new 35% slab and pricing-based structure will harm retailers,

by: MSN

Lonza to exit capsules and health ingredients business, focus on contract development

Swiss contract drug manufacturer Lonza announced on Thursday it plans to exit the capsules and health ingredients business. The Basel-based group will focus on its contract development and manufacturing organization (CDMO) business,

by: MSN

ICAI launches research centre in Hyderabad focusing on taxation and governance

ICAI has launched a research hub at its Hyderabad Centre of Excellence to drive studies on taxation, governance, and economic trends. Led by Dr Nupur Pavan Bang, the initiative aims to bolster innovation and policy insights.

by: MSN

San Bernardino's "Paintbrush Program" seeks to beautify storefronts and develop small business

Businesses can earn either $10k or $20k to improve their businesses' exterior appearance thanks to the "Paintbrush Program."

One MobiKwik Systems IPO subscribed 7.3 times on first day of offer

The initial public offering (IPO) of fintech company One MobiKwik Systems got subscribed 7.3 times, receiving an overwhelming response from retail investors, on the first day of sale on Wednesday (December 11, 2024).
The initial public offering (IPO) of One MobiKwik Systems, a digital financial services platform, was subscribed 7.3 times on its first day of bidding, December 11, 2023. The IPO received bids for 11.19 crore shares against the 1.53 crore shares offered. The retail investors' portion was subscribed 10.11 times, the non-institutional investors' (NII) portion 10.57 times, and the qualified institutional buyers' (QIB) portion 1.47 times. The IPO, which is set to close on December 13, 2023, aims to raise ₹700 crore at the upper end of the price band of ₹140-150 per share. The funds are intended for growth initiatives, including customer and merchant acquisition, expanding financial services, and investing in data, machine learning, and artificial intelligence. The company also plans to use part of the proceeds for general corporate purposes.

Read the Full The Hindu Article at:
https://www.thehindu.com/business/markets/one-mobikwik-systems-ipo-subscribed-73-times-on-first-day-of-offer/article68974638.ece

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