The FinTech Hub
Source: Live Mint The Fed’s aim is to get ahead of potential labour market challenges and stabilise the US economy amid looming uncertainties. While the cuts are focused on the US, their impact is already resonating across global markets and India is well-positioned to capitalise on them. The Fed’s decision could unlock new opportunities for…
Source: Live Mint The combined market capitalization of six of the top 10 most valuable companies surged by ₹1,97,734.77 crore last week, with ICICI Bank and HDFC Bank emerging as the top gainers, in line with positive trends in equities. The BSE benchmark rose by 1,653.37 points or 1.99 per cent over the week. On…
Source: Live Mint HDB Financial Services, a subsidiary of India’s biggest private lender, HDFC Bank, received the board’s nod for an initial public offering (IPO) of equity shares on Friday. The IPO will comprise a fresh issue of shares worth ₹2,500 crore and an offer for sale (OFS) by existing shareholders, HDFC Bank informed in…
Source: Live Mint Private lender ICICI Bank, on Wednesday, became the fourth Indian company to surpass a market capitalization of ₹9 lakh crore for the first time, following a share price increase of over 30 percent in 2024. On September 18, the stock reached an all-time high of ₹1,295 on the BSE, marking a 2…
Source: Live Mint US Fed meeting underway: The much-awaited event is here. After over four years, the US Federal Reserve is expected to start the rate-reduction cycle on Wednesday, September 18, as inflation has eased considerably in the US while the jobs market is showing signs of cooling off. Rate cuts are overall positive for…
Source: Business Standard 4 min read Last Updated : Sep 18 2024 | 12:28 PM IST ICICI Bank’s market capitalisation (market cap) touched Rs 9 trillion mark after its share hit a new high of Rs 1,280, up 1 per cent on the BSE, in Wednesday’s intra-day trade. In one week, the stock of the…
Source: Business Standard Illustration: Ajay Mohanty 4 min read Last Updated : Sep 17 2024 | 10:15 AM IST The Reserve Bank of India (RBI) has imposed a Rs 1 crore penalty on HDFC Bank for violating guidelines related to the engagement of recovery agents. The bank’s recovery agents were found to have contacted customers…
Source: Live Mint Stocks to buy for long term: Despite persisting concerns over sticky inflation, elevated rates, geopolitical tensions and stretched valuations, the Indian stock market benchmark, Nifty 50, has seen an impressive gain of about 17 per cent this year so far. Experts are positive about the Indian market’s medium—to long-term growth prospects due…
Source: Live Mint Nine of the top ten most valuable firms collectively added ₹2,01,552.69 crore to their market valuation last week, with Bharti Airtel leading the charge amid a positive investor sentiment in equities. During the same period, the BSE benchmark surged by 1,707.01 points, or 2.10 percent, reaching a record high of 83,116.19 on…
Source: Live Mint Have you ever faced a situation wherein you got your debit card linked to a portal for a monthly subscription to use a service such as Netflix or something else? And now you want to discontinue the service with immediate effect? There could be a number of reasons for this. Either you…
