Welcome to the Finance news series. Here are the latest news and reports about Finance, Infra, business and economy.
Tata Trusts New Chairman
Noel Tata is now the new chairman of Tata Trusts. He was born in Mumbai India and the half brother of Ratan Sir. Now he is Irish citizen not Indian. Noel is currently the chairman of Trent, Tata International, Voltas, and Tata Investment Corporation. He is also vice chairman of Tata Steel and Titan Company Ltd.
Hyundai IPO
The 2nd largest carmaker of India to raise $3.3b via Hyundai IPO. IPO will be available for subscription on 15 to 17 October 2024. It will be the biggest IPO till now, recent big was LIC and Paytm. IPO will list on 22 October 2024. Hyundai IPO GMP on 14 oct is Rs 60.
UPI Lite Limit
RBI increased the UPI Lite and UPI 123 Limits. Wallet limit for UPI Lite has been raised from ₹2,000 to ₹5,000. Also transaction limits of UPI Lite raised from Rs 500 to Rs 1000. Also the UPI 123Pay limit increased from Rs 5000 to Rs 10000.
Inflation: What Will Be The Value Of Rs 1 Crore After 25 Years?
150K Startups
According to Startup India, Recognized startups numbers in India touched 150000 mark. India is one of the fastest growing startup hub and it may reach to top 2 place soon.
Star Health Share
Star Health share price drop 11% after data leak reports. Now according to Star health, hacker demands $68k. Inquiry against data leak is underway. The data samples were leak on telegram and other places.
