The FinTech Hub
Source: Live Mint Intesa Sanpaolo, the Italy’s biggest bank has made its first proprietary Bitcoin purchase, buying roughly 1 million euros ($1 million) worth of the cryptocurrency. The lender bought 11 Bitcoin on Monday, the bank’s digital asset trading and investments head Niccolò Bardoscia said in an internal email that was posted on online forum…
Source: Live Mint To encourage demat holding of securities, Sebi on Tuesday proposed mandating listed companies to issue securities only in demat form following stock split, consolidation of face value of shares, and merger or demerger. In case an investor does not have a demat account, the issuer companies will be required to open a…
Source: Live Mint Zerodha’s Co-founder and Chief Executive Officer (CEO) Nithin Kamath revealed that asset management company (AMC) Zerodha Fund House has crossed the ₹4,000 crore-mark in asset under management (AUM) in its first year itself as India’s direct-only AMC. Kamath took to microblogging platform ‘X’ to share that this is their first year as…
Source: Live Mint Mumbai-based Shanti Gold International Limited has filed Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). The IPO, with an equity share face value of ₹10, consists entirely of a fresh issuance of up to 18 million equity…
Source: Live Mint Shares of Life Insurance Corporation (LIC), India’s largest life insurer, touched a new 52-week low of ₹806 apiece on Tuesday, January 14, breaking below its previous low of ₹820 apiece. However, the stock managed to close the session 2% higher at ₹825. The stock has been on a downward spiral since August,…
Source: Live Mint Some recovery in domestic equity markets after the release of macroeconomic numbers also supported the Indian currency even though it remained under pressure due to elevated crude oil prices and continuous outflow of foreign funds. At the interbank foreign exchange, the rupee opened at 86.57 and touched the intra-day high of 86.45…
Source: Live Mint Stock Market Today: Piramal Enterprises share price gained more than 8% during the the intraday trades on Tuesday. Piramal Enterprises announced that it will be receiving post $140 million deal with Life Molecular Imaging. Piramal Enterprises had entered agreement to divestment of one of its step-down subsidiaries (Piramal Imaging SA) to Alliance…
Source: Live Mint Budget 2025: Finance Minister Nirmala Sitharaman is scheduled to present the Union Budget for FY26 on February 1, 2025. Preparing the Union Budget is a delicate balancing act for the government, as it must navigate the challenging task of maintaining fiscal discipline while addressing the aspirations of millions of citizens and businesses…
Source: Live Mint Shares of Ola Electric Mobility, India’s leading two-wheeler electric vehicle manufacturer, staged a strong rebound in trade on Tuesday, January 14, ending their three-day losing streak. Ola Electric share price opened today’s session at ₹71.50 apiece and continued to surge, reaching a day’s high of ₹73.46—a 4.61% gain compared to the previous…
Source: Live Mint Union Multicap Fund Direct Growth performance review analysis for January: Union Multicap Fund Direct Growth, managed by the seasoned fund managers Harshad Patwardhan,Sanjay Bembalkar, remains a prominent player in the Multi-Cap. Union Multicap Fund boasts an impressive AUM of ₹1090.34 crore. Under the guidance of Harshad Patwardhan,Sanjay Bembalkar, the fund adheres to…
