The FinTech Hub
Source: Live Mint Indian stock market indices, Sensex and Nifty 50, are likely to open on a cautious note on Thursday tracking weak cues from global peers. The trends on Gift Nifty indicate a gap-up start for the Indian benchmark index. The Gift Nifty was trading around 24,540 level, a premium of nearly 60 points…
Source: Live Mint Diwali 2024 Stock Picks: The Indian stock market created history in Samvat 2080 by hitting several milestones. The Nifty 50 surpassed 26,250 and the BSE Sensex surpassed 85,900 in September 2024, with both indexes gaining around 25 per cent during Samvat 2080. On the broader front, the BSE Midcap and Smallcap Index…
Source: Live Mint Zomato Ltd’s September quarter (Q2FY25) result was decent. A key parameter – the gross order value (GOV) – of food delivery and Blinkit grew by 21% and 122% year-on-year, respectively. Growth rates are in line with management’s guidance. The company needs an average GOV of ₹7 lakh a day per store to…
Source: Live Mint Large multinational corporations (MNCs) are keen to explore initial public offerings (IPOs) in India despite Hyundai Motor India’s muted public-market debut on Tuesday, according to Rahul Saraf, India head of investment banking at Citi, which counts many such companies among its clients. “I think they’re actually encouraged by the listing of Hyundai…
Source: Live Mint Newmont Corp., the world’s top gold producer, posted its biggest quarterly profit in five years as the price of bullion surged. Still, shares fell after sales and earnings missed analysts’ estimates. The Denver-based company’s net income attributable to shareholders was $922 million in the third quarter, nearly six times more than the…
Source: Live Mint Brokerage firm Choice Broking has released a report suggesting ten stocks to buy on the occasion of Diwali with an upside potential upto 70 per cent. Stocks to buy Bajaj Auto: Buy at ₹10,501 | Target Price: ₹12,483 | Potential Upside: 18.9% We remain optimistic about Bajaj Auto’s growth trajectory in the…
Source: Live Mint Waaree Energies IPO: The initial public offering (IPO) of the solar PV module manufacturer Waaree Energies Limited was subscribed over 76 times on the third and last day of the issue. Notably, the Waaree Energies IPO made history on Wednesday, October 23, Receiving a record-breaking response from investors and the highest number…
Source: Live Mint Sebi chairperson Madhabi Puri Buch will appear before the Public Accounts Committee (PAC) of Parliament on Thursday, reported news agency PTI. The meeting comes after a Bharatiya Janata Party member accused the panel’s chairman and Congress MP KC Venugopal of guiding their actions by political motivations. The agenda for Thursday’s meeting includes…
Source: Live Mint The market regulator on Wednesday asked regulated entities—including recognized stock exchanges, clearing corporations, and depositories— to terminate any existing contracts with unregistered financial advisers like financial influencers within three months. The latest circular of the Securities and Exchange Board of India (Sebi) follows its decision of June 27 to bar association with…
Source: Live Mint Gold prices reached all-time highs on Wednesday, bucking the trend of a rising dollar, which put additional pressure on both the yen and the euro. Meanwhile, global stocks dipped as investors hesitated to make significant investments in light of the upcoming U.S. election. As of 0748 GMT, spot gold was trading at…
