The FinTech Hub
Source: Live Mint Bitcoin prices hovered around $98,608 on Saturday in international exchanges, buoyed by the euphoria over Donald Trump-led Republican party reclaiming the White House. With its total market cap touching more than two trillion dollars, the oldest cryptocurrency has witnessed a spike of 51 per cent in the past one month. There is…
Source: Live Mint Multibase India, a multibagger small-cap stock, has grabbed attention with its latest dividend declaration. The company announced an interim dividend of ₹53 per share for the financial year 2024-25, representing a substantial 530% of its face value of ₹10 per share. Historic Dividend Announcement In an exchange filing dated November 13, Multibase…
Source: Live Mint Onyx Biotec IPO allotment: The allotment of Onyx Biotec’s initial public offering (IPO) will be finalised soon, after overwhelming interest and robust subscriptions for the share sale issue. The SME IPO, valued at ₹29.34 crore, opened for bidding on November 13 and closed on November 18. The price band was set in…
Source: Live Mint Titan Company is currently navigating a challenging period, with its stock down 17% over the past two months, driven by weaker-than-expected Q2 earnings and shrinking profit margins. However, the upcoming wedding season could provide a potential catalyst for recovery in Titan’s jewellery segment, helping to drive margin recovery and bolster overall profitability….
Source: Live Mint In its latest earnings review, Motilal Oswal Financial Services (MOSL) observed that earnings performance for the MOFSL Universe was in line with expectations, showing a 1 per cent year-on-year (YoY) decline. Despite the subdued overall growth, the Nifty 50 index managed a 4 per cent YoY increase, surpassing MOSL’s estimate of 3…
Source: Live Mint While many prefer to buy gold and precious jewellery from duty-free shops in the Middle East, this time, maybe save the purse for a trip to a local shop. Gold prices in India are cheaper than costs in Oman, Singapore, the United Arab Emirates and Qatar, according to a report by Business…
Source: Live Mint In an equities slump during the holiday-shortened last week, as many as eight of the top ten most valued Indian listed companies lost a cumulative ₹1,65,180.04 crore from market valuation, PTI reported. Among the top 10, banking sector majors HDFC Bank and State Bank of India (SBI) took the biggest hits. Overall,…
Source: Live Mint Top News The Securities and Exchange Board of India, in its recent circular, has introduced an abridged Common Application Form (CAF) for certain Foreign Portfolio Investors (FPIs). SEBI has simplified the registration process for certain FPIs by introducing an abridged CAF. This applies to FPIs linked to already registered investment managers, sub-funds,…
Source: Live Mint Benchmark indices have fallen over 10 percent from their peak, retail investors have started feeling pangs of the market correction. This is enough to dissuade scores of retail investors from continuing to invest. Nifty has fallen over 10 per cent from its record high of 26,277, while the Sensex slid over 8,500 points…
Source: Live Mint Gold Financier Muthoot finance announced its results for the quarter ending September 2024 on Thursday, November 14. The Company’s consolidated net profit came in at ₹1321 crore in Q1FY25, up 20.6 percent as against ₹1095 crore in the same period last year. Meanwhile, it total revenue from operations increased almost 37 percent…
