The FinTech Hub
Source: Live Mint Trump Media & Technology Group Corp. applied to trademark brands for six investment products with themes that closely track President Donald Trump’s priorities in office. The money-losing social media company is looking to debut the “Truth.Fi Made in America ETF,” “Truth.Fi U.S. Energy Independence ETF” and “Truth.Fi Bitcoin Plus ETF,” along with…
Source: Live Mint Diversified entity ITC Ltd on Thursday reported a 7.27 per cent decline in consolidated net profit to ₹5,013.16 crore for the December quarter on account of subdued demand and sharp escalation in input costs. The company had posted a consolidated net profit of ₹5,406.52 crore in the year-ago period, according to a…
Source: Live Mint Jewellery brand Shringar House of Mangalsutra Ltd has filed draft papers with capital markets regulator Sebi to raise funds through an Initial Public Offering (IPO). The Mumbai-based company’s IPO is entirely a fresh issue of 2.43 crore equity shares with no Offer For Sale (OFS) component. It includes a reservation for a…
Source: Live Mint Two-wheeler manufacturer Hero MotoCorp, on Thursday, reported a 12% year-on-year increase in its standalone net profit for the December quarter, reaching ₹1,203 crore compared to ₹1,073 crore in the same period last year. The figure surpassed market expectations of ₹1,122 crore. Additionally, the company declared an interim dividend of ₹100 per equity…
Source: Live Mint Britannia Q3 Results: Britannia Industries Ltd announced its October to December results on Thursday, February 6. The company announced a 5 per cent year-on-year (YoY) rise in net profit to ₹582 crore for the third quarter of the financial year 2024-25, compared to ₹556 crore in the same quarter a year ago. …
Source: Live Mint Bharti Airtel Q3 Results: Telecom-major Bharti Airtel Limited announced its October to December quarter results on Thursday, February 6. The company announced that the net profit for the third quarter skyrocketed approximately 460% to ₹16,135 crore in the financial year 2024-25, compared to ₹2,876 crore in the same quarter a year ago. …
Source: Live Mint The share price of State Bank of India (SBI) witnessed 1.58 per cent decline to close at ₹753.95 on Thursday’s trading session even after the public sector bank robust results for the December quarter. SBI, on February 6, posted 84 per cent year-on-year (YoY) jump in its net profit for the quarter…
Source: Live Mint Top Gainers and Losers Today : **Top Gainers and Losers Today**: The Nifty index concluded the trading session at 23696.3, reflecting a decline of 0.39%. Throughout the day, the Nifty reached a high of 23773.55 and a low of 23556.25. Meanwhile, the Sensex fluctuated between 78551.66 and 77843.99, ultimately closing down by…
Source: Live Mint In a recent note, brokerage house Motilal Oswal Financial Services (MOSL) stated that a slowdown in consumption and commodity weakness have weighed on corporate earnings, even as sectors such as BFSI, Healthcare, Capital Goods, and Technology delivered strong performances. However, the government’s shift from capital expenditure to consumption in its latest budget…
Source: Live Mint Paytm, Coforge, Federal Bank are among the top contenders to be included in the MSCI India Standard Index in its upcoming rebalancing. MSCI rebalancing announcement is scheduled for February 11 after market hours and will be effective from March 3. According to brokerage firm JM Financial, there is high-probability for inclusion of…
