The FinTech Hub
Source: Live Mint MUMBAI : Foreign portfolio investors (FPIs) had amassed a record 153,404 short contracts on Nifty and Bank Nifty futures as of Tuesday, a day before the Reserve Bank of India’s Monetary Policy Committee (MPC) begins its three-day meeting (5-7 February). Markets widely expect a 25-basis-point rate cut. “These shorts are at a…
Source: Live Mint By Sergio Goncalves and Andrei Khalip LISBON, Feb 5 (Reuters) – Novo Banco’s planned initial public offering would be beneficial for the Portuguese banking sector, Bank of Portugal Governor Mario Centeno said on Wednesday, but he urged a cautious approach to any further acquisitions or consolidation. Novo Banco was created in 2014…
Source: Live Mint Taking a breather after recent rally, stock markets closed lower on Wednesday as investors turned cautious ahead of the RBI’s monetary policy decision later this week and trade war concerns. The 30-share BSE Sensex declined 312.53 points or 0.40 per cent to settle at 78,271.28 with 21 of constituents closing down and…
Source: Live Mint Asian currencies also slumped after the dollar rallied on Trump’s sweeping tariffs that impose a 25% levy on Mexican and Canadian imports into the U.S., while those from China will attract a 10% charge. The tariffs kick in on Tuesday. While intermittent dollar sales from state-run banks helped limit the rupee’s decline,…
Source: Live Mint Nissan looks set to step back from merger talks with rival Honda, two sources said on Wednesday, calling into question a $60 billion tie-up to create the world’s no.3 automaker and potentially leaving Nissan to drive its turnaround alone. Talks between the two Japanese automakers have been complicated by growing differences, according…
Source: Live Mint Uber Technologies Inc. reported weaker-than-expected fourth-quarter earnings and operating income, overshadowing steady bookings growth. Shares declined in premarket trading on Wednesday. Adjusted earnings before interest, taxes, depreciation and amortization were $1.84 billion, just shy of the $1.85 billion that Wall Street was projecting, Uber said in a statement on Wednesday. Income from…
Source: Live Mint For decades, India’s salaried class viewed themselves as a minority—sandwiched between the elite and what they believe is the world’s largest population of the “politically pampered”. And in most Budgets, they found the discourse to be dominated by farmers, the poor, women and other groups. Which is why the record ₹1 trillion…
Source: Live Mint Nestle India Ltd could be a beneficiary of the much-awaited boost to urban consumption from the budget as and when it starts to trickle in. The company derives around 75% of its sales from the urban market. In a recent meeting with analysts, the management displayed confidence about the long-term prospects given…
Source: Live Mint Sriharsha Majety, MD & Group CEO, Swiggy, said “We continued our focus on creating segmented offerings for the consumer during the festive quarter, which we believe will open up more consumption occasions. In recent months, we’ve introduced Bolt and Snacc (10-minute food delivery), expanded into new categories within Quick-Commerce, and plan to…
Source: Live Mint Symphony share price slumped over 10% on Wednesday’s session after the company reported a net loss of ₹10 crore for the fiscal’s third quarter ended December (Q3FY25) as against net profit of ₹41 crore in Q3FY24. The consumer durables manufacturer reported a net loss primarily attributed to a one-time loss of ₹46…
