The FinTech Hub
Source: Live Mint Foreign portfolio investors (FPIs) extended their robust selling streak in the Indian market, with the sell-off hitting a record high in October amid ongoing geopolitical tensions and cheaper valuations in the Chinese stock market. The FPI outflows recorded in October were the highest ever in a single month in Indian markets. Notably,…
Source: Live Mint Gold prices remained steady on Saturday. The cost of 24 carat gold is Rs.7964.3 per gram, while the cost of 22 carat gold is Rs.7302.3 per gram. The price change in 24 carat gold over the past week has been 2.34%, whereas in the last month it has decreased by 2.45%. The…
Source: Live Mint Taxpayers who are meant to get their accounts audited have only one week left to file their income tax return (ITR) for AY 2024-25. The last date to file income tax return for these taxpayers is November 15. The income tax department recently issued a statement that says that it’s the last…
Source: Live Mint Dividend Stocks: Shared of several major companies and public sector undertakings (PSUs) including Oil India, Power Grid Corporation Limited, Indian Railways Catering and Tourism Corp (IRCTC), among others will trade ex-dividend in the coming week, starting from Monday, November 11. According to BSE data, some companies have announced other corporate actions, such…
Source: Live Mint Swiggy IPO: The initial public offering (IPO) of Swiggy, the Bengaluru-based online food and grocery delivery platform, attracted mixed investor interest. The ₹11,327 crore issue, with a price band of ₹371 to ₹390 per share, opened for subscription on Wednesday, November 6, and concluded on Friday, November 8. The book-built issue saw…
Source: Live Mint Are you looking to invest in a safe financial instrument for a long term investment? Besides fixed deposit (FD), bonds or debt mutual funds, one can invest in a post office small savings scheme. Among all these options, one of the popular small savings scheme is public provident fund (PPF). Investment in…
Source: Live Mint International crude oil prices settled more than two per cent lower in the previous session as traders grew less fearful of prolonged supply disruptions from a hurricane in the US Gulf of Mexico, while China’s latest economic-stimulus packages failed to impress some oil traders. U.S. West Texas Intermediate futures led the decline…
Source: Live Mint Although the US Federal Reserve refrained from surprising markets and trimmed the benchmark interest rate by 25 bps to 4.50 – 4.75 per cent on November 7, markets seemed disappointed by Chair Jerome Powell’s tone, which suggested uncertainty about the future path of interest rates. In the September meeting, the US Fed…
Source: Live Mint Penny stock Srestha Finvest is likely to draw investor attention on Monday, November 11, after the company announced it held an extraordinary general meeting (EGM) on Friday, November 8, to approve a special resolution for raising capital through a QIP. In an exchange filing post-market hours on November 8, the NBFC firm…
Source: Live Mint Buy or sell stocks: Indian stock market benchmarks- the Sensex and the Nifty 50- closed with losses for the week ended November 8, primarily due to foreign capital outflow amid concerns over weak Q2 earnings and elevated valuations. A 25 bps rate cut by the US Fed offered no relief as the…
