The FinTech Hub
Source: Live Mint Time: 5.30 pm, early May Place: Pitampura, north-west Delhi People wait anxiously in front of a roadside food cart. The long, long queue spills over from the pavement onto the street, leaving bikes, cars, cows and canines jostling for space on the narrow road. A few paces ahead, half a dozen vloggers…
Source: Live Mint Blame it on geopolitical tensions, global economic weakness, or elevated interest rates, among other factors, but the Indian stock market saw significant volatility in the calendar year 2024. Sample this: Between March and June 2024, the equity benchmark Nifty 50 remained rangebound, fluctuating between 22,339 and 22,821 levels, advancing by barely 500…
Source: Live Mint Indian stock markets have delivered an impressive 13 percent year-to-date (YTD) gain in 2024, with nearly all sectoral indices recording positive performance. The realty and pharma sectors stood out, posting gains of 39 percent and 32 percent, respectively. Meanwhile, indices like Nifty IT, Nifty PSU Bank, and Nifty Auto climbed over 20…
Source: Live Mint With Samvat 2081 knocking on the door, Krishnan VR, Chief of Quantitative Research team at Marcellus advised investors to look for high-quality companies with clean accounts, returns on capital greater than the cost of capital, strong balance sheets, consistent profitability and reasonable valuations. He also suggested sticking to a long-term asset allocation…
Source: Live Mint Subsidiaries have become a significant source of growth for Indian companies, helping them de-risk a bit from their core business. According to a Mint analysis of 1,135 companies for which the past 15 years of data is available, India Inc now generates 30% of its consolidated revenue through subsidiaries, up from 20%…
Source: Business Standard Every aged bull-run needs a healthy correction and this war-triggered correction has only escalated that, say analysts | Photo: Shutterstock 4 min read Last Updated : Oct 03 2024 | 11:10 PM IST Stock market today, Stock market crash news: The ongoing correction in the Indian stock market may be nearing…
Source: Live Mint Global brokerage house Phillip Capital, in a recent note, observed that it has witnessed sectoral shifts within the Nifty and broader Indian equity markets, focusing on changes over both long and short terms. According to the report, investment-oriented sectors, including cement and building materials, gained considerable traction post the Covid-19 pandemic and…
Source: Business Standard 3 min read Last Updated : Sep 16 2024 | 10:34 AM IST Shilpa Medicare stock rises: Shares of pharmaceutical company Shilpa Medicare (SML) hit a new high of Rs 922, gaining 4 per cent on the BSE in Monday’s intra-day trade after the brokerage firm Antique Stock Broking initiated coverage on…
Source: Business Standard 4 min read Last Updated : Sep 10 2024 | 1:59 PM IST Shares of pharmaceutical companies as well as contract drug manufacturing companies (CDMOs) experienced significant gains in intraday trade on Tuesday, after a double dose of good news on the domestic as well US market front. On Monday the 54th…
