The FinTech Hub
Source: Live Mint Domestic brokerage house Centrum Broking has initiated coverage on the wealth management industry with two reduced calls on – 360 One WAM and Nuvama Wealth. The brokerage has a target price of ₹1,050 for 360 One, implying a downside of around 3 per cent, whereas for Nuvama, it has a target of…
Source: Live Mint US stocks jumped on Thursday after the Federal Reserve kicked off its easing cycle with half-a-percentage point cut in interest rates. On Wednesday, the Federal Reserve slashed its interest rates by 50 basis points (bps), first time in more than four years. Chair Jerome Powell said that as the inflation has come…
Source: Business Standard 2 min read Last Updated : Sep 19 2024 | 8:28 PM IST The Securities and Exchange Board of India (Sebi) on Thursday modified its framework for the valuation of the investment portfolio of Alternative Investment Funds (AIFs) following suggestions from the industry. The market regulator stated that a change…
Source: Live Mint As geopolitical tensions escalate and stock market valuations reach lofty heights, global markets face an unsettling combination of risks. But India, buoyed by its robust growth engines, appears better positioned to weather the storm, according to Christopher Wood, global head of equity strategy at investment bank Jefferies. Speaking to a select group…
Source: Live Mint Kalana Ispat opened its SME IPO for subscription on September 19 and will close on September 23. The company aims to raise ₹32.59 crore through the offering and plans to list its shares on the NSE SME platform at ₹66 per share. Kalana Ispat IPO Subscription Status The IPO has been witnessing…
Source: Business Standard 2 min read Last Updated : Sep 18 2024 | 7:23 PM IST Quantum Mutual Fund has filed an appeal in the National Company Law Appellate Tribunal, Delhi (NCLAT), against the delisting of ICICI Securities Ltd. Dismissing objections raised by minority shareholders, the National Company Law Tribunal (NCLT) Mumbai had,…
Source: Live Mint US stock indices rose slightly on Wednesday, as investors widely expect the Federal Reserve to deliver its first interest rate cut in more than four years. At the opening bell, the Dow Jones Industrial Average rose 22.7 points, or 0.05%, to 41,628.91. The S&P 500 rose 7.1 points, or 0.13%, to 5,641.68,…
Source: Live Mint Responsive Industries announced that it anticipated substantial growth following a major government infrastructure initiative. Moreover, brokerage house Ventura Securities has initiated coverage with a buy call on the mid-cap stock with a target price of ₹436, implying an upside potential of 48 per cent in the next two years. Exchange Filing Responsive…
Source: Live Mint US stock indices gained on Tuesday after retail sales data as investors are focused on the Federal Reserve’s policy decision to be declared on Wednesday. At the opening bell, the Dow Jones Industrial Average rose 101.7 points, or 0.24%, to 41,723.78. The S&P 500 rose 22.4 points, or 0.40%, to 5,655.51, while…
Source: Live Mint F&O ban list: The National Stock Exchange (NSE) banned trading in ten stocks on Tuesday, September 17, in the futures and options (F&O) segment as they exceeded 95% of the market-wide position limit (MWPL). However, these stocks will be available for trading in the cash market. The NSE updates the list of…
