The FinTech Hub
Source: Live Mint Oil prices rose by a dollar a barrel on Tuesday as supply disruptions mounted and traders bet demand will grow if the U.S. Federal Reserve lowers borrowing costs this week, as is widely expected. U.S. crude oil futures gained $1.31, or 1.9%, to $71.40 by 12:03 p.m. ET (1603 GMT). Brent crude…
Source: Live Mint Union Labour Minister Mansukh Mandaviya said on Tuesday that subscribers of the Employees’ Provident Fund Organisation (EPFO), the government-run retirement savings manager, can now withdraw up to ₹1 lakh at once from their accounts for personal financial needs, an increase from the previous limit of ₹50,000, according to report by Hindustan Times….
Source: Live Mint Shares of Intel Corp. soared as much as 8 per cent on Tuesday after a chip-making deal with Amazon’s cloud business was announced. At 1:08 pm EDT, Intel shares were at $21.62, up $0.70 or 3.37 per cent. On Monday, Intel shares had gained 6.4 per cent. The deal provides some respite…
Source: Live Mint Microsoft Corp. announced a 10 per cent increase in its quarterly dividend and introduced a new $60 billion stock buyback program, matching the scale of its repurchase plan from three years ago. The company’s shares rose by up to 2.4 per cent following the news. In a statement late Monday, the tech…
Source: Live Mint Indian stock market: The Indian market saw another day of consolidation on Tuesday, with traders staying cautious ahead of the Federal Reserve’s upcoming policy meeting. On Wednesday, the Fed is anticipated to announce its first rate cut since 2020. The Nifty 50 closed the session with a 0.14% rise at 25,418 points,…
Source: Live Mint US stock indices gained on Tuesday after retail sales data as investors are focused on the Federal Reserve’s policy decision to be declared on Wednesday. At the opening bell, the Dow Jones Industrial Average rose 101.7 points, or 0.24%, to 41,723.78. The S&P 500 rose 22.4 points, or 0.40%, to 5,655.51, while…
Source: Live Mint Stock market today: Domestic equity benchmarks Sensex and Nifty 50 In the current market scenario, domestic brokerage firm SMC Global Securities has released its top four stock picks for this week. The brokerage has selected the following stocks based on technical and fundamental parameters. According to the brokerage, the stocks have robust…
Source: Live Mint US Fed rate cut: Gold prices are hovering near all-time highs as excitement builds over a possible US Federal Reserve rate cut on Wednesday, September 18. The prospect of a weaker dollar, driven by anticipated rate reductions, has sparked renewed interest in gold, which thrives as a safe-haven asset during times of…
Source: Live Mint Ahluwalia Contracts India possesses a strong and diverse order book, providing a solid revenue outlook for the next 3-4 years. Additionally, the company is benefitting from positive government emphasis on infrastructure development and the resurgence of private investment, which bodes well for its future, according to Axis Securities in its latest report…
Source: Live Mint Credit cards are quite useful in managing your financial requirements. For individuals with a stable but fixed income, especially the salaried, credit cards are a handy tool as it allows you to meet expenses without spending your earnings immediately. The credit free period of 18-55 days offered by most issuers, which come…
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