The FinTech Hub
Source: Live Mint Meanwhile, Varmaji, plagued by FOMO (fear of missing out) and spurred on by his wife’s remarks about his “conservative” approach, dives into the stock market at its peak—and is left holding not just the baby, but the bathwater and the tub too. Now he’s forced into the role of a ‘long-term investor’—the…
Source: Live Mint Indian Railway Finance Corporation (IRFC) released its performance for the September 2024 quarter (Q2 FY25) on Monday, November 4, reporting revenue from operations of ₹6,898 crore. This reflects a 2% year-on-year (YoY) increase compared to ₹6,761 crore recorded in the same period last year. Net profit for the reporting quarter rose to…
Source: Live Mint New Delhi, Nov 4 (PTI) The National Stock Exchange (NSE) on Monday reported a 57 per cent year-on-year surge in consolidated net profit to ₹3,137 crore for the September quarter. The exchange posted a total income of ₹5,023 crore during the July-September period of the current financial year (FY25), up 25 per…
Source: Live Mint US stocks were mixed on Monday ahead of Tuesday’s presidential election and Federal Reserve’s expected rate cut decision later in the week. As of 1:57 pm Eastern time, the S&P 500 was slipping 0.1 per cent. The Dow Jones Industrial Average was down 0.5 per cent, and the Nasdaq Composite was 0.1…
Source: Live Mint (Bloomberg) — Groupe Dynamite Inc., a Canadian retailer of women’s clothing, has hired banks for an initial public offering that’s likely to be marketed in the coming weeks, according to people familiar with the matter. The company is working with major Canadian financial institutions and a US bank on the offering, the…
Source: Live Mint The bear hug embracing Indian markets got tighter on Monday, even as a buying spree at the day’s lows enabled the benchmark indices to trim losses while still closing in the red, leaving investors poorer by ₹6.18 trillion. Lead indicators like derivatives shorting by institutional investors and buying by retail, and a…
Source: Live Mint Pennsylvania is emerging as the jackpot in the hotly contested presidential race, drawing both Donald Trump and Kamala Harris in frenzied campaigning on the eve of the election, along with a surge in legal cases from both sides. Pennsylvania’s 19 Electoral College votes are the most of the seven swing states that…
Source: Live Mint Sagility India, the healthcare service provider firm, on Monday, said that it has raised around ₹945.4 crore from investors in its anchor round, ahead of the company’s proposed initial public offering (IPO), according to the company’s exchange filing. As per the exchange filing, the company has allocated 31,51,34,668 or 31.51 crore equity…
Source: Live Mint Gold prices in India fell by ₹1,300 to touch ₹81,100 per 10 grams in Delhi on Monday, November 4, after stockists and retailers made a fresh sale of the commodity, PTI reported quoting the All India Sarafa Association. The yellow metal of 99.9 per cent purity traded flat at ₹82,400 per 10…
Source: Live Mint The Securities and Exchange Board of India (Sebi) has permitted mutual funds (MFs) to invest in overseas mutual funds or unit trusts that invest a portion of their assets in Indian securities. Through this regulation, Sebi aims to ease investments in overseas mutual funds and bring transparency to investments. “In order to…
