The FinTech Hub
Source: Live Mint Tepid steel prices in the domestic market dragged down Tata Steel’s standalone revenue and profit for the fourth fiscal quarter, even as volumes saw a marginal uptick. A weak show in its European operations further weighed on the profitability of Asia’s oldest steelmaker. The steelmaker will infuse $2.5 billion (about ₹21,411 crore)…
Source: Live Mint China’s expanding geopolitical ownership shows that the Asian nation owns a significant stake in Pakistan and Bangladesh’s stock exchanges by acquisition through the consortium method, official filings data show. In 2017, China acquired a 40 per cent stake in the Pakistan Stock Exchange (PSE), though a consortium of companies like the Shanghai…
Source: Live Mint Gold, silver prices in your city, May 12: Geopolitical tensions, banks rate decisions, trade talks between the United States and China, and currency fluctuations will impact prices of gold and silver this week. On May 12, the US-China trade talks pushed down prices below the ₹95,000 levels. With the ceasefire between India…
Source: Live Mint Gold prices in your city, May 11: Gold prices are expected to keep close to its all-time high this week amid geopolitical tensions, pending trade talks, and as investors seek out safe haven options to insulate their portfolios from global market shocks. Trade talks between the United States and China, appreciating Rupee…
Source: Live Mint Top News India’s Goods and Services Tax (GST) collections saw a significant rise in April, reaching ₹2.37 lakh crore—a 12.6% increase compared to the same month last year. This marks a new milestone in the country’s economic recovery and reflects growing business activity across sectors. The surge in collections isn’t just a…
Source: Live Mint Mumbai: Markets which had so far discounted a full-fledged war between India and Pakistan seem to have raised a note of caution in the last two-and-a-half hours of trade on Thursday, when news surfaced of India thwarting Pakistan’s missile attack on 15 of its military installations on the intervening night of 7-8…
Source: Live Mint The Indian government’s bold military response—Operation Sindoor—in response to the Pahalgam attack on April 22 has created understandable jitters in financial markets. However, history offers a reassuring narrative for long-term investors, especially mutual fund participants. The immediate impact of any political upheaval is seen instantly in the stock markets. However, mutual funds…
Source: Live Mint Several mutual funds have filed with the Securities and Exchange Board of India for quality strategy funds. Quality strategy involves investing in companies that have strong fundamentals and robust balance sheets. It prioritises stocks with high profitability, high return on equity and low levels of debt. Should those looking at diversifying their…
Source: Live Mint Q4 results on May 5: Mahindra & Mahindra, Indian Hotels Company, Coforge, J&K Bank, ZEE, Bombay Dyeing Co., Capri Global, CAMS, and Prataap Snacks are among at least 49 companies set to release their Q4FY25 results today. This week, see over 70 Indian companies announce their March quarter results during the Q4FY25…
Source: Live Mint Top News The Securities and Exchange Board of India (SEBI) has extended the deadline for Qualified Stock Brokers (QSBs) to implement the optional T+0 rolling settlement cycle in Equity Cash Markets from May 1, 2025, to November 1, 2025. This extension follows feedback from QSBs and discussions with market participants to ensure…
