The FinTech Hub
Source: Live Mint Total expenses in the third quarter were lower at ₹3,165.37 crore as compared to ₹3,529 crore in the year-ago period, the company said. BFL said its board has declared an interim dividend of ₹2.5 per equity share of face value of ₹2 each at the rate of 125 per cent. The interim…
Source: Live Mint Recent high-frequency economic data highlights the persistent macroeconomic challenges in India, including subdued GST collection growth, fluctuating automobile sales, and currency volatility, according to InCred. These factors have contributed to cautious market sentiment, with the Nifty 50 index likely to remain in a consolidation phase due to prolonged risks to GDP and…
Source: Live Mint 2025 Market Outlook: Brokerage house B&K has outlined its market outlook for 2025, highlighting the challenges and opportunities as investors navigate through a period marked by macroeconomic uncertainty and a shifting global landscape. The brokerage noted that the second half of 2024 was particularly challenging, and the earlier part of 2025 may…
Source: Live Mint In the special Muhurat trading session held on Friday, November 1, the Nifty Auto index closed over 1 percent higher, buoyed by a recovery in auto sales reported for October 2024. The festive momentum was reflected across the market, with Nifty Auto rising as much as 1.24 percent to 23,805.60, outperforming the…
Source: Live Mint The auto sector has delivered a stellar performance over the past year. Since Samvat 2080, the Sensex has risen 23 per cent, while the BSE Auto index has surged 50 per cent. Year-to-date (YTD), the auto index has rallied 31 per cent, significantly outperforming the benchmark’s 11 per cent rise. Falling commodity…
Source: Live Mint Bharat Forge Ltd’s growth engine appears to be chugging along, though not without a few bumps. While its defence business is on a good footing, the auto segments, particularly overseas, are fighting an uphill battle. Bharat Forge’s defence segment has an impressive order backlog of ₹5,400 crore in exports, offering earnings visibility…
