The FinTech Hub
Source: Live Mint French Prime Minister Michel Barnier said the country faces “storm” in financial markets if an “unlikely but possible” alliance of lawmakers across the political spectrum rejects his government’s budget proposals and votes it out of power. “There will probably be a rather serious storm and serious turbulences in financial markets” in case…
Source: Live Mint Life Insurance Corporation of India (LIC) has increased its stakeholding to 5.02 per cent in the edible oil refiner Patanjali Foods through the purchase of shares via open market operations, according to an exchange filing on Tuesday, November 26. The stakeholding of the government-owned insurer rose 0.034 per cent to 5.02 per…
Source: Live Mint French Prime Minister Michel Barnier said the country faces a “storm” in financial markets if an “unlikely but possible” alliance of lawmakers across the political spectrum rejects his government’s budget proposals and votes it out of power. The premier’s political survival hangs on whether French far-right leader Marine Le Pen’s will back…
Source: Live Mint Latest Market News Today Live Updates: Catch today’s market wrap-up! Track Nifty 50 and Sensex movements, along with top gainers and losers. See how Asian and US markets fared and which sectors led the charge (or declined). Summary: Follow Mint’s market blog for real-time updates on your favourite companies. This blog keeps…
Source: Live Mint US stocks showed a mixed performance on Tuesday as attention turned to President-elect Donald Trump’s proposed trade tariffs on Mexico and Canada. At 9:42 am ET, the Dow Jones Industrial Average dropped 197.32 points (0.44 per cent) to 44,539.25. Meanwhile, the S&P 500 rose 11.76 points (0.20 per cent) to 5,999.13, and…
Source: Live Mint Goldman Sachs expects Brent prices to average around $80 per barrel this year, despite a 2024 deficit and geopolitical uncertainty, citing an anticipated 0.4 mb/d surplus next year, the bank said in a note on Thursday. “Our base case is that Brent stays in a $70-85 range, with high spare capacity limiting…
Source: Live Mint Siemens on Tuesday posted a 45 per cent jump in its net profit to ₹775 crore in the July-September quarter compared to the year-ago period on higher revenues. The company had reported a net profit of ₹534 crore in the quarter ended on September 2023, a company statement said. Revenue rose by…
Source: Live Mint Enviro Infra Engineers IPO: On the third day of public subscription, the IPO was oversubscribed 89.90 times. The QIB portion was booked the most, with 157.05 times the shares on offer. The NII quota followed suit, garnering 153.80 times bids. The retail portion was subscribed 24.48 times on the third and final…
Source: Live Mint Stocks to Buy: With India’s wedding season underway, expectations are high for increased spending in the world’s second-largest wedding market, providing an opportunity for stock market investors to capitalise on this trend. According to a study by the Confederation of All India Traders (CAIT), 48 lakh weddings are expected to take place…
Source: Live Mint Mumbai: Microfinance Institutions Network (MFIN), the self-regulatory organization for the sector, expects the current bad loan stress that microlenders face to stabilize by January next year with new rules in place. On Monday, the MFIN tightened the guidelines around microlending, after it first came out with the norms in July. The sector’s…
