The FinTech Hub
Source: Live Mint Federal Reserve, BOJ, BoE rate decisions in focus this week Fed expected to cut by 25 bps on Wed, forgo January cut Bitcoin climbs to record $106,533 (Updates with midday trading) By Kevin Buckland and Greta Rosen Fondahn TOKYO/GDANSK, Dec 16 (Reuters) – The U.S. dollar hovered close to a three-week high…
Source: Live Mint The S&P 500 and the Nasdaq edged higher on Monday, while the Dow was flat, as investors eyed anticipated Federal Reserve interest rate cut later in the week. At the open, the Dow Jones Industrial Average fell 2.3 points, or 0.01%, to 43825.76. The S&P 500 rose 12.7 points, or 0.21%, to…
Source: Live Mint Donald Trump’s return to the White House is fueling a rise in currency trading volumes, according to JPMorgan Chase & Co., which sees his trade policies increasing attention on foreign-exchange markets. Stephen Jefferies, head of currencies and emerging markets trading at the US bank, said volumes handled by his team of 260…
Source: Live Mint (Repeats column published earlier. No change to text.) LAUNCESTON, Australia, Dec 16 (Reuters) – China’s crude oil imports in November hit a 14-month high, but much of the additional volume is likely to have ended up in storage as refinery processing remained subdued. China, the world’s biggest crude importer, had a surplus…
Source: Live Mint Rising losses from natural disasters see some insurers cut cover in catastrophe-hit states Homeowner premiums have soared, 50% rise not uncommon, broker says Lloyd’s of London insurance market has stepped in, has biggest market share By Carolyn Cohn and Noor Zainab Hussain LONDON, – International and domestic insurers are pushing into the…
Source: Live Mint The board of metals and mining major Vedanta Limited at its meeting held on Monday, December 16 approved an interim dividend of ₹8.5 per equity share. This is the fourth interim dividend by the company for the financial year 2024-25 (FY25). Board of Directors of Vedanta Limited, at its meeting held today…
Source: Live Mint Purple United Sales IPO Allotment: After the successful closure of the initial public offering (IPO) of the fashion brand Purple United, investor focus has shifted to the IPO allotment, expected to take place today, December 16. Investors can check Purple United Sales IPO share allotment status online through the NSE website, and…
Source: Live Mint Sai Life Sciences IPO allotment: With the bidding period for Sai Life Sciences’ initial public offering (IPO) now closed, investors’ focus has turned to the allotment announcement, expected today, December 16. The IPO, which ran from December 11 to December 13, received an overall subscription of 10.27 times. The qualified institutional buyers…
Source: Live Mint JTL Industries, a company specialising in the production of ERW pipes, GI pipes, MS black pipes, hollow sections, and solar structures, has received a ‘buy’ rating from Axis Securities. Axis Securities has set a target price of ₹111 per share, suggesting a 10 per cent upside from its current market price of…
Source: Live Mint Stock Market Today: Shares of Swiggy climbed over 6 per cent on Monday, December 16 after the brokerage house Axis Capital initiated coverage on the new-age stock with a ‘Buy’ rating and a target price of ₹640, citing a 27 per cent valuation discount to peer Zomato as justified. The target price…
