TheSpuzz Desk

Nifty IT index slides 14% YTD, sinks to 8-month low. What’s spooking India’s tech stocks? | Stock Market News

Nifty IT index slides 14% YTD, sinks to 8-month low. What’s spooking India’s tech stocks? | Stock Market News

Source: Live Mint Indian stock market: The pain in Indian technology stocks is deepening with each passing day as signs of a slowing U.S. economy—where Indian tech giants have significant revenue exposure—are unsettling investor sentiment, leading to a severe sell-off on Dalal Street. Additionally, diminishing expectations of multiple U.S. Fed rate cuts in 2025, coupled…

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Lost track of old mutual fund investments? Sebi’s ‘Mitra’ is here to help.

Lost track of old mutual fund investments? Sebi’s ‘Mitra’ is here to help.

Source: Live Mint The Mutual Fund Investment Tracing and Retrieval Assistant (Mitra), launched by the Securities and Exchange Board of India (Sebi), is designed to track down inactive and unclaimed mutual fund folios, helping investors reclaim money they may have forgotten. These days, accessing mutual fund investments is as simple as logging into an online…

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Jio Financial shares rise 4% on plans to acquire Jio Payments Bank shares worth  ₹105 crore from SBI | Stock Market News

Jio Financial shares rise 4% on plans to acquire Jio Payments Bank shares worth ₹105 crore from SBI | Stock Market News

Source: Live Mint Jio Financial Services Ltd will acquire 7.9 crore shares of Jio Payments Bank from State Bank of India (SBI) for ₹104.5 crore, making the payments bank its wholly owned subsidiary. Currently, Jio Fin holds an 82.17% stake in Jio Payments Bank, a joint venture between Reliance Industries-backed Jio Financial and SBI. Following…

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