The FinTech Hub
Source: Live Mint Ernie Garcia II, the father of Carvana Co. Chief Executive Officer Ernest Garcia III, has cashed in $1.4 billion of the company’s stock since April — a stake that’s now worth $2.5 billion after a blistering rally in the online auto retailer’s shares. The elder Garcia has unloaded almost 10 million shares…
Source: Live Mint Indian stock market extended its slide to the second consecutive day on Friday, November 08, as sharp selloff in major large-cap stocks, including Reliance Industries, ICICI Bank, State Bank of India, and Trent, weighed heavily on the frontline indices, causing them to end the session in the red. The 25-basis point rate…
Source: Live Mint Gold prices retreated on Friday and were on track for their biggest weekly fall in over five months, as markets digested Donald Trump’s victory and its potential impact on the U.S. interest rate trajectory. Spot gold fell 0.7% to $2,687.48 per ounce as of 1224 GMT and was down 1.7% for the…
Source: Live Mint Before investing in a fixed deposit (FD), it is recommended to compare the interest rates offered by different banks. Typically, banks offer a higher rate of interest to the term deposit of a long tenure. Conversely, short tenure term deposits offer a relatively lower interest rate. Here, we list out the interest…
Source: Live Mint When every investor is chasing high-yielding funds, there are some who chase low-performing mutual funds to make the most of the current attractive valuations. Time and again, wealth advisors have advised that historical returns are not a guarantee for a scheme’s future returns. Therefore, just because a scheme has performed well in…
Source: Live Mint Top Gainers and Losers Today : **Top Gainers and Losers Today** The Nifty Index closed at 24,199.35, reflecting a decline of 0.21%. Throughout the trading day, the Nifty reached a high of 24,276.15 and a low of 24,066.65. The Sensex exhibited a trading range between 79,807.26 and 79,117.37, ultimately closing down 0.07%…
Source: Live Mint The IIMA-Aura Art Indian Art Index (IAIAI) has hit an all time high of 4,300 as investors take a fancy to artworks after a huge bull run in equity markets. The index, launched in November 2022 by the Indian Institute of Management at Ahmedabad in collaboration with Mumbai-based Aura Art, seeks to…
Source: Live Mint Shares of battery manufacturers Amara Raja Energy and Exide Industries have been on a consistent downward trajectory over the past five months, including November, as both stocks face persistent selling pressure. The companies’ recent financial results for the September quarter have failed to boost investor sentiment as both companies reported earnings that…
Source: Live Mint Ola Electric Mobility posted a consolidated net loss of ₹495 crore for the September 2024 quarter (Q2 FY25) on Friday, November 8. The loss declined from ₹524 crore posted in the same quarter last year. However, it was higher than ₹347 crore loss posted in the June 2024 quarter. The consolidated revenue…
Source: Live Mint IN JULY last year Henry Kissinger travelled to Beijing for the final time before his death. Among the messages he delivered to China’s ruler, Xi Jinping, was a warning about the catastrophic risks of artificial intelligence (AI). Since then American tech bosses and ex-government officials have quietly met their Chinese counterparts in…
/cdn.vox-cdn.com/uploads/chorus_asset/file/25229461/STK252_ebay_stock_CVirginia_2.jpg?w=400&resize=400,250&ssl=1 "eBay’s new acquisition could make it easy to buy a car from anywhere")