The FinTech Hub
Source: Live Mint Gold prices reached a new all-time high of ₹78,900 per 10 grams in the national capital on Wednesday, rising by ₹250 due to continued demand from jewellers, as reported by the All India Sarafa Association. The precious metal had settled at ₹78,650 per 10 grams in the previous session on Tuesday. Similarly,…
Source: Live Mint Bitcoin price today: Bitcoin extended last week’s gains as the crypto bulls are setting their sights on the record highs reached in March. Optimism is building around riskier assets and the looming US presidential elections. The original cryptocurrency gained as much as 2.9 per cent to $68,376 on Wednesday, October 16, before…
Source: Live Mint Reliance bonus issue: Billionaire Mukesh Ambani-led Reliance Industries Ltd (RIL)’s board passed the issue of bonus shares with a majority in e-voting and also fixed the record date. The oil-to-telecom conglomerate said in a regulatory filing to the stock exchanges on Wednesday, October 16 that it has fixed Monday, October 28, 2024…
Source: Live Mint Indian stock market: Indian stock market benchmarks, the Sensex and Nifty 50, declined for the second straight session on Wednesday, October 16, due to weak global signals. The Sensex dropped 319 points, or 0.39 per cent, to 81,501.36, while the Nifty 50 closed at 24,971.30, down 86 points, or 0.34 per cent….
Source: Live Mint Despite the high valuations of benchmark indices, there is no significant risk of a major correction soon, Rahul Singh, Chief Investment Officer (equities) of Tata Mutual Fund, says in an emailed interview with MintGenie. He also speaks about the sectors that are likely to do well in the near future. While sharing…
Source: Live Mint Earlier this year, Axis Bank and HDFC Bank had also introduced minimum quarterly spending caps of ₹50,000 and ₹1 lakh, respectively, on select cards to unlock lounge access on them. A senior bank official of a leading bank informed Mint that the lounge is increasingly becoming a loss-making feature given the increase in…
Source: Live Mint RsHyundai Motor India IPO: The much-awaited mainboard initial public offering (IPO) of leading auto major Hyundai Motor India will open for subscription in India’s primary market on Tuesday, October 15, 2024. Shares of the auto major will hit D-Street on October 22, 2024. The public issue will remain open for bidding for…
Source: Live Mint Sterlite Technologies (STL) has announced its entry into the AI-driven data centre market with a showcase of its integrated offerings at the India Mobile Congress 2024. The portfolio, which includes optical cables, connectivity, and interconnect solutions, was inaugurated by Shri Jyotiraditya Scindia, India’s Honourable Telecom Minister. This development marks a significant leap…
Source: Live Mint MUMBAI : Investment strategies can be aligned with specific factors such as value, quality, momentum, low volatility, alpha, or a combination of these. Value and quality are often viewed as opposing strategies, as they target different characteristics of a company. Value investing seeks stocks that are trading below their intrinsic value, offering…
Source: Live Mint Direct Tax Vivad Se Vishwas Scheme, 2024, was enacted to resolve disputes regarding pending income tax litigation. The scheme aims to give taxpayers peace of mind by settling legal disputes. This scheme was notified on October 1, 2024. After this, several queries were received from the stakeholders seeking guidance in respect of…
