The FinTech Hub
Source: Live Mint The combined market capitalization of five of the top-10 most-valued companies fell by ₹1,85,952.31 crore last week, with HDFC Bank experiencing the largest decline, aligning with a weak trend in the domestic stock market. During the same period, the BSE Sensex dropped 1,844.2 points (2.32 per cent), while the Nifty index shed…
Source: Live Mint Top NewsSEBI outlines process for waiver or reduction of interest in recovery proceedings The Securities and Exchange Board of India (SEBI) has issued guidelines for seeking a waiver or reduction of interest levied during recovery proceedings for penalty defaults. The guidelines specify the eligibility criteria, application process, and exclusions for applicants. Entities…
Source: Live Mint Here’s a quick look at stocks likely to be in focus in today’s trade. TCS: Tata Consultancy Services (TCS), India’s largest IT company, has announced its second-highest dividend for FY25, bringing the total declared for the year to ₹96 per share. This is the highest annual dividend declared by the company, apart…
Source: Live Mint Ace Investor Mukul Agarwal has recently increased his stakes in multibagger stock Hind Rectifiers by 0.7 per cent. The investor currently holds 1.46 per cent stake in the company, valued at ₹33, as per data available on Bombay Stock Exchange (BSE). In March 2024, Agarwal acquired 213,026 shares of Hind Rectifiers ….
Source: Live Mint The National Stock Exchange of India Ltd (NSE) announced on Tuesday, January 7, that it will launch futures and options (F&O) contracts for six more securities starting January 31, 2025. This move aligns with the stock selection guidelines outlined by the Securities and Exchange Board of India (SEBI) in its circular dated…
Source: Live Mint Fresh virus fears rode on other weak signals to send the markets tumbling on Monday, wiping out ₹11 trillion of investor wealth in a day. Benchmarks BSE Sensex and NSE Nifty crashed more than 1.5% each, and fear gauge Vix rose the most in four months. News of two cases of the…
Source: Live Mint ITC Hotels Demerger Live Updates: ITC Hotels demerger record date is today and ITC shares will turn ex-date for the demerger today. The stock exchanges, BSE and NSE are holding a special trading session to discover the fair price of ITC Hotels stock. ITC shareholders whose names will appear in the company’s…
Source: Live Mint Top News India’s Goods and Services Tax (GST) collections in December 2024 reached an impressive ₹1.77 trillion, marking a 7.3% increase compared to December 2023. This steady rise highlights the resilience and growth of the Indian economy, as well as improved compliance and robust business activities. The uptick reflects the government’s ongoing…
Source: Live Mint The National Stock Exchange (NSE) announced on Friday that it set a record for the highest number of IPOs in Asia and the largest equity capital raised globally in the primary market during the calendar year 2024. The NSE facilitated 268 IPOs in 2024, comprising 90 on the mainboard and 178 in…
Source: Live Mint Reliance Power share price rallied over 5 per cent on January 1, 2025, after Sasan Power Limited, a subsidiary of Reliance Power, made a bullet payment of $150 million to IIFCL, UK, settling its debt obligation on December 31, 2024. Reliance Power’s stock gained by 5 per cent, reaching ₹44.68, compared to…
