The FinTech Hub
Source: Live Mint The Indian stock market has recently demonstrated remarkable resilience, exhibiting a bounce back from periods of consolidation led by uncertainty by economic slowdown and premium valuations. This recovery is a testament to the market’s inherent strength. One of the catalysts for the recent market relief has been the easing of geopolitical tensions….
Source: Coin Tegraph El Salvador’s unrealized gains of more than $300 million on its Bitcoin purchases came as BTC broke through the $100,000 milestone price. Read Full Article
Source: Live Mint The bill, passed by the Lok Sabha on 3 December, says that nominees are only custodians and safekeepers representing the beneficiaries (if there is a testamentary document, e.g., Will/Trust deed) and heirs (in the absence of a testamentary document). They are not owners. However, nomination is important as it aids the process…
Source: Live Mint New Delhi, Dec 8 (PTI) The IPO market is set to be bustling next week, with 11 companies like Vishal Mega Mart, TPG Capital-backed Sai Life Sciences and fintech firm One Mobikwik Systems gearing up to launch their initial share sales, collectively aiming to raise nearly ₹18,500 crore. Other mainboard IPOs to…
Source: Bitcoinist Popular stablecoins, or digital assets designed to have a “relatively stable price,” are getting noticed by policymakers. While these crypto units are more stable than their counterparts, a recent Financial Services Oversight Council (FSOC) report suggests they can pose risks to the financial markets. Specifically, the FSOC 2024 Annual Report argues that issuers…
Source: Live Mint Buy or Sell: The Indian stock market benchmark indices, Sensex and Nifty 50, rallied over 2% each last week, posting their largest weekly gains in six months. The domestic equity market displayed notable activity following the Reserve Bank of India (RBI)’s monetary policy decision. The RBI’s Monetary Policy Committee (MPC) led by…
Source: Live Mint Fintech company One Mobikwik Systems is set to launch its initial public offering (IPO) next week to raise ₹572 crore from the primary market. One Mobikwik Systems is a fintech platform providing services to customers and merchants. Mobikwik IPO will open for public subscription on Wednesday, December 11, and close on Friday,…
Source: Bitcoinist The recent Bitcoin price surge, which surpassed $100,000 for the first time, is creating ripples in the long-struggling crypto lending sector, particularly through decentralized finance (DeFi) applications. According to a Bloomberg report, the speculative excitement surrounding Bitcoin has not only invigorated its trading but is also spilling over into lending platforms, signaling a…
Source: Coin Tegraph Pudgy Penguins recorded $25 million in sales, while CryptoPunks had a weekly volume of $16.5 million. Read Full Article
Source: Live Mint The combined market valuation of six out of the top 10 most-valued Indian companies soared by ₹2,03,116.81 crore last week, reflecting an optimistic sentiment on Dalal Street. Tata Consultancy Services (TCS) and HDFC Bank emerged as the biggest gainers, riding the wave of a bullish trend that saw the BSE Sensex climbing…
