The FinTech Hub
Source: Live Mint In India, the Nifty 50 plunged over 5% in four days post tariff announcement, while the India Volatility Index (VIX) shot up 65.7% to 22.8 on 7 April —its sharpest single-day spike since 2007. Though US President Donald Trump partially rolled back tariffs on 9 April, offering a 90-day pause for most…
Source: Live Mint Infosys Q4 Results: Infosys shares will be in focus after the IT major announced its January-March quarter results for fiscal 2024-25 on Thursday, April 17. The company recorded an 11.75 per cent fall in its consolidated net profits to ₹7,033 crore in the fourth quarter, compared to ₹7,969 crore in the same…
Source: Live Mint Indian technology (IT) stocks remained under selling pressure for the second consecutive session on Friday, with the Nifty IT index declining over 3.5%. Significant losses in leading IT stocks such as Tata Consultancy Services (TCS), Infosys, Wipro, HCL Technologies, and Coforge shares contributed to the index reaching its lowest level in nine…
Source: Live Mint Top-tier IT services provider Wipro Ltd bagged a mega deal worth 500 million pounds from Phoenix Group—the UK’s largest long-term savings and retirement business. The 10-year strategic project is designed to deliver life and pension business administration for the ReAssure business and accelerate Phoenix Group’s operational transformation. In the IT industry, mega…
Source: Live Mint Foreign Portfolio Investors (FPIs) continued their selling streak in the Indian equity markets for the third consecutive month in March 2025. Following net outflows of ₹78,027 crore in January and ₹34,574 crore in February, FPIs offloaded Indian equities worth ₹30,015 crore in the first half of March, according to data from the…
Source: Live Mint The real estate market in India’s IT hub Bengaluru has slowed down, a Reddit user claims, citing reasons such as layoffs, less hiring, boost of AI and ‘silent recession.’ The user highlighted that the Bengaluru real estate market majorly depends on the IT industry. Even though people from other professions are buying…
Source: Live Mint India is structurally strong and cyclically slow, which led to a slowdown in corporate earnings from 8% to 10% from 15-20%. High interest rates, India’s general elections, and global political shifts contributed to the slowdown. The equity market trades at 19x, close to the Covid Feb 2020 lows of 18.3x. Also Read…
Source: Live Mint On Saturday, finance minister Nirmala Sitharaman announced a fiscal outlay of ₹2,000 crore ($230 million) for the Mission. The move succeeded the Ministry of Electronics and Information Technology (Meity) announcing last Thursday that a repository of 18,693 graphic processing units (GPUs), provided by private sector companies, was ready to be used as…
Source: Live Mint As the world prepares for Donald Trump’s second term as US President, there are growing apprehensions that his policies on trade, immigration, and climate change could profoundly impact the global economic landscape. Donald Trump is set to take office on Monday, January 20. The United States, as the world’s largest economy and…
Source: Live Mint The year 2025 will have to face multiple challenges, including elevated valuations, reduced liquidity, and slower earnings growth. However, the stock market remains a viable investment opportunity, underpinned by the robust performance of the economy. Both the world & domestic economies are expected to do well in 2025 with no signs of…
