The FinTech Hub
Source: Live Mint Now, that might sound like a lot, but let’s put it into perspective. India’s average savings rate is roughly 20%, which translates to about $500 billion saved annually. So, compared to the annual savings, the mutual fund AUM wasn’t as hefty as one might think. This indicated a significant growth opportunity. The…
Source: Live Mint Metal stocks: The recent surge in alumina prices has brought increased attention to metal stocks such as Vedanta, National Aluminium Company (NALCO), Hindalco Industries, Arfin India, Century Extrusions, Maan Aluminium, and MMP Industries. An increase in alumina prices usually translates into an increase in aluminium prices eating away the profits generated by…
Source: Live Mint Amber Enterprises’ shares soared 20 per cent on Monday, reaching a new high of ₹6,484.25 during intra-day trading on the BSE, ahead of the company’s Q2FY25 results scheduled for release on Tuesday, October 22. The household appliances stock has significantly outperformed the market, soaring 41 per cent in just one month, compared…
Source: Live Mint Wall Street stocks were mixed on Monday ahead of major earnings reports. As of 12:46 p.m. Eastern time, the S&P 500 was 0.4 per cent lower, the Dow Jones Industrial Average was down 0.8 per cent, and the Nasdaq Composite was 0.2 per cent lower. As of 10:10 am Eastern time, the…
Source: Live Mint The start of the Federal Reserve’s easing cycle was supposed to be the long-awaited catalyst to ignite a rally in Brazil’s stocks. Banco Santander’s local unit predicted the Ibovespa gauge would rally almost 20% this year. Analysts at Bradesco BBI saw similar gains. Bank of America favored Brazil over Mexico amid estimates…
Source: Live Mint HOUSTON -Oil prices rose nearly 2% on Monday, recouping some of last week’s more than 7% decline, with no let-up of fighting in the Middle East and expected Israeli retaliation on Iran worrying markets about supply from the region. Brent crude futures were up $1.44, or 1.97%, at $74.48 a barrel at…
Source: Live Mint Shah Capital Management, one of Veon Ltd.’s shareholders, has urged the wireless operator to list Ukraine’s largest mobile company Kyivstar and buy back shares to boost its stock performance. Shah Capital pushed for the listing of Kyivstar on the Nasdaq while citing the potential of “being the sole Ukrainian investment theme on…
Source: Live Mint Breakout stocks to buy or sell: Despite the US stock market climbing a new peak on Friday’s session last week, the Indian stock market ended lower on Monday as investors reacted to more Q2 results 2024. The Nifty 50 index ended 112 points lower at 24,741, the BSE Sensex shed 73 points…
Source: Live Mint Waaree Energies initial public offering (IPO) has opened for bidding today, October 21, and will remain available to investors until Wednesday, October 23. The company aims to raise ₹4,321.44 crore through this IPO, which comprises a fresh issue of 2.4 crore shares aggregating to ₹3,600.00 crore and an offer for sale of…
Source: Live Mint Waaree Energies initial public offering (IPO), which opened for subscription on October 21, was subscribed over 3.32 times on the first day of bidding. The public offer will remain open till October 23. By 5 PM on the first day of bidding, the public issue received 6,98,85,360 applications against offered 2,10,79,384 shares….
