The FinTech Hub
Source: Live Mint Multibagger stock: Electric Vehicle (EV) manufacturer Mercury EV-Tech Limited’s promoter group, Raghuvir International Pvt Ltd, raised its stake in the small-cap stock on Friday, January 6, according to a BSE filing. As per the filing data, the promoter acquired 14,75,000 pr 14.75 lakh equity shares carrying voting rights and 53,00,000 or 53…
Source: Live Mint In 2024, Indian equity markets faced significant volatility due to global economic uncertainties and geopolitical tensions, yet the Indian economy showed resilience fueled by strong domestic consumption, infrastructure spending, and supportive policies. This bolstered investor confidence and emphasised the need for portfolio diversification to manage risks effectively. The year witnessed a growing…
Source: Live Mint If you want to invest in a mutual fund scheme, there are primarily two options. The first is to invest in a regular mutual fund, while the second one is to invest in a direct scheme. In a direct plan, investors can invest directly in a mutual fund by creating an account…
Source: Live Mint Shares of RBL Bank ended higher at ₹166.80 apiece in trade on Monday, January 6, marking a 2.46% gain compared to the previous close as investors reacted positively to the bank’s December quarter business update, which was released over the weekend. With today’s rally, the stock has risen for the third day…
Source: Live Mint Atul Singh, CEO, LGT Wealth India talks about the shifts in investment strategies, the growing appeal of alternative investments, and the evolving landscape for global diversification. Edited excerpts: Can you start by telling us a bit about LGT Wealth India and your role there? LGT is a global leader in private banking…
Source: Live Mint I am a non-resident Indian (NRI). During 2023-24, I earned capital gains (switch in and switch out) on a mutual fund, which was not offered to tax in my original return. I received an email from the income tax department under e-campaign to address my mismatch in income as offered in my…
Source: Live Mint Indian stock market: On Monday, January 6, the Indian stock market experienced a sharp decline, with both the Sensex and Nifty 50 indices falling by more than 1.5 per cent each due to widespread selling. Investor concerns were triggered by reports of a new virus outbreak in China. The Nifty 50 dropped…
Source: Live Mint According to the Reserve Bank of India’s June 2024 Financial Stability Report, this rise is fuelled more by an increase in the number of borrowers than by larger loan sizes, highlighting how many households are struggling to balance their budgets or build adequate savings. Read this | Buy now, pay how? Inside…
Source: Live Mint Top Gainers and Losers Today : **Top Gainers and Losers Today** The Nifty index concluded the trading session at 24004.75, reflecting a decrease of 1.62%. Throughout the day, the index recorded a peak of 24089.95 and a trough of 23551.9. Similarly, the Sensex fluctuated between 79532.67 and 77781.62, ultimately closing down by…
Source: Live Mint As from January 1, 2025, one of the key regulations taken by the Reserve Bank of India will make it compulsory for lenders to update credit bureau records every 15 days. This may completely transform the way credit score is calculated and published, thus ensuring that the financial activity of the borrowers…
