The FinTech Hub
Source: Live Mint (Bloomberg) — Chile, home to the world’s biggest lithium reserves, is confident that investors will compete for licenses to drill new deposits even amid a worsening global glut that’s squeezing the battery-metal industry. “We’re convinced that there’s interest,” Mining Minister Aurora Williams said in an interview late Wednesday — a day before…
Source: Live Mint (Bloomberg) — European stocks closed at a record high, as corporate earnings kicked into high gear. The Stoxx Europe 600 Index gained 0.4% to close at 530.34, notching an all-time closing high. EQT AB rallied the most since 2023 after the Swedish private equity group reported increased exit activity and said private…
Source: Live Mint Puma lost more than a fifth of its market value on Thursday after the German sportswear brand reported lower than expected fourth-quarter sales and a drop in annual profit, raising questions about its ability to compete with bigger rivals Adidas and Nike. The poor results late on Wednesday came after Adidas reported…
Source: Live Mint Hindustan Petroleum Corporation Ltd (HPCL) on Thursday reported more than tripling of its December quarter net profit as marketing margins soared. Consolidated net profit stood at ₹2,543.65 crore in October-December 2024 – the third quarter of April 2024 to March 2025 fiscal year (FY25) – compared with ₹712.84 crore earning in the…
Source: Live Mint US stock indices moved in opposite directions on Thursday, as investors focused on corporate earnings and awaited President Donald Trump’s address to World Economic Forum (WEF) in Davos. At 09:49 a.m. ET the Dow Jones Industrial Average rose 77.68 points, or 0.18 per cent, to 44,234.41, the S&P 500 lost 3.29 points, or 0.05…
Source: Live Mint Expert view: Mohit Khanna, CFP, Fund Manager at Purnartha PMS, believes the Union Budget 2025 will focus on youth, women, the poor, and farmers. He expects higher spending on rural housing, irrigation, ELI (employment-linked incentives), Jan Dhan, etc. In an interview with Mint, Khanna also shared his views on the Indian stock…
Source: Live Mint (For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window) FTSE 100 down 0.1%, FTSE 250 down 0.2% Jan 23 (Reuters) – The UK’s FTSE 100 stalled on Thursday after touching a record high in the prior session as investors sought clarity…
Source: Live Mint Dr Reddy’s Labs Q3 Results: Pharma company Dr Reddy’s Laboratories on Thursday, January 23 announced a 2% year-on-year increase in consolidated profit after tax (PAT) to ₹1,413.3 crore for the quarter ended December 2024 (Q3). The PAT in Q3 of last year stood at ₹1,378.9 crore. The revenue from operations for the…
Source: Live Mint Cyient Q3 Results: IT major Cyient announced its October-December quarter results for fiscal 2024-25 (Q3FY25) on Thursday, January 23, reporting a drop of 31.7 per cent to ₹122.3 crore, compared to ₹179 crore in the preceding September quarter. The IT services company’s revenue from operations in the third quarter of current fiscal…
Source: Live Mint Jan 23 (Reuters) – Dutch and British wholesale gas prices rose on Thursday, as cold weather added to concerns about the difficulty of refilling fast-depleting gas stocks and offset the impact of signs of a restart at the U.S. Freeport export plant. The benchmark front-month contract at the Dutch TTF hub was…
