The FinTech Hub
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…
Source: Live Mint Domestic equity benchmarks Sensex and Nifty snapped their two-day rally and closed lower on Tuesday, November 26, in line with weak global market trends amid concerns over US President-elect Donald Trump’s tariff threats. Investors are worried about the potential impact on global trade relations due to Trump’s policies, prompting them to book…
Source: Live Mint Delhivery Ltd’s shares are hovering near their 52-week lows of ₹325.50 apiece seen on 18 November. Investor sentiment remains subdued given the uninspiring September quarter (Q2FY25) results amid rapid growth in quick commerce and stiff competition in e-commerce. Further, the rise of in-house delivery fleets by e-commerce giants such as Meesho has…
Source: Live Mint Top Gainers and Losers Today : The Top Gainers And Losers Today: The Nifty Index concluded at 24,221.9, reflecting a decline of 0.11%. Throughout the trading session, the Nifty reached a high of 24,343.3 and a low of 24,125.4. The Sensex experienced fluctuations within the range of 80,482.36 and 79,798.67, ultimately closing…
Source: Live Mint SME stock Hi-Tech Pipes have given exceptional to its investors in the long term. Investors who had invested ₹1.5 lakh in its IPO in February 2016 would have turned ₹51 lakh till now. Stock Split and IPO details Hi-Tech Pipes announced a stock split in January 2023, reducing the face value of…
