The FinTech Hub
Source: Live Mint The Securities and Exchange Board of India (Sebi) on Wednesday froze the promoter shareholding of jewellery firm Varyaa Creations Ltd (VCL) and barred the company from accessing the capital markets after it allegedly found large-scale diversion of initial public offering (IPO) proceeds on the day of listing. The promoters of Varyaa are…
Source: Live Mint Foreign portfolio investors (FPIs) leaned into India’s equity markets with a sharper eye for selective plays in the final quarter of FY25, showing bullish conviction despite heightened market volatility. A Mint analysis of FPI shareholding in 1,168 stocks that are part of BSE’s large-, mid- and small-cap indices reveals a strong tilt toward…
Source: Live Mint In India, the Nifty 50 plunged over 5% in four days post tariff announcement, while the India Volatility Index (VIX) shot up 65.7% to 22.8 on 7 April —its sharpest single-day spike since 2007. Though US President Donald Trump partially rolled back tariffs on 9 April, offering a 90-day pause for most…
Source: Live Mint In a week marked by global financial turbulence and mounting protectionist fears, Jefferies’ Chris Wood has doubled down on India. In the latest edition of his GREED & fear newsletter, the veteran strategist announced a two-percentage-point increase in India’s allocation within Jefferies’ Asia Pacific ex-Japan relative-return portfolio—raising the country to Overweight status…
Source: Live Mint Biocon’s share price surged 5.5 percent in intra-day trade on Friday, April 11, after the company’s subsidiary, Biocon Biologics, received approval from the US Food and Drug Administration (USFDA) for JOBEVNE, a biosimilar version of Bevacizumab for intravenous use. The development marks a key regulatory milestone for the company and reinforces investor…
Source: Live Mint The India Volatility Index surged 65.7% on Monday to 22.8—its highest spike since its inception in 2007. On Tuesday, the gauge dropped to 20.44, but was up by about 47% over five trading days as US President Donald Trump unleashed a global trade war last week. India VIX reflects the market’s expectation…
Source: Live Mint The Nifty gets a makeover twice a year and this time, Zomato and Jio FInancial are in, while BPCL and Britannia are out. A lot of regular investors think this is a chance to make easy money. A Mint analysis reveals that over the past decade, roughly 64% of retail investors chasing…
Source: Live Mint Shares of Indian Renewable Energy Development Agency (IREDA) climbed nearly 2 percent in intra-day trading on Monday, March 17, as investors anticipated the outcome of the company’s upcoming board meeting. The board is set to discuss a proposal for the enhancement of its borrowing plan for the financial year 2024-25. “This is…
Source: Live Mint Shares of Indian Railway Finance Corporation (IRFC) will be in focus today, March 11, 2025, after the company announced that its Board of Directors is scheduled to meet on March 17, 2025, to consider the declaration of a second Interim Dividend for the financial year 2024-25. Investors are closely watching this development…
Source: Live Mint On a day global stock indices were battered by rising international trade tensions induced by US President Donald Trump, Indian markets followed their slump, with all gauges dipping sharply. Japan’s Nikkei and China’s CSI 300 fell 2.88% and 1.97%, respectively, amid weak openings for Germany’s Dax and French CAC. Almost on cue,…
