The FinTech Hub
Source: Live Mint Assume Mr A is an NRI based in the US and his father wants to send him ₹10 lakh from India. A resident Indian can only send money to an NRI’s NRO account. It cannot go in the NRE account because even though NRE is a rupee-denominated account, funds deposited in it…
Source: Live Mint In an equities slump during the holiday-shortened last week, as many as eight of the top ten most valued Indian listed companies lost a cumulative ₹1,65,180.04 crore from market valuation, PTI reported. Among the top 10, banking sector majors HDFC Bank and State Bank of India (SBI) took the biggest hits. Overall,…
Source: Live Mint The US President holds substantial authority over immigration, making the outcome of the upcoming US presidential election crucial for the future of employment-based immigration policies. During his first term, former President Trump enacted Executive Order 13788, “Buy American and Hire American,” which increased restrictions on H-1B visas and led to a notable…
Source: Live Mint The US presidential election in 2024 could have a major impact on the outlook for Indian IT service providers. The outcome could lead to changes in trade policies, visa regulations, and the movement of the US dollar—all crucial factors for Indian IT players. Despite headwinds from a demand slowdown and high interest…
Source: Live Mint As the benchmark equity indices continued their losing streak for the fourth consecutive week, nine of the top ten most-valued firms lost a whopping ₹2,09,952.26 crore. Dull quarterly earnings and persistent FII selling added to the woes of investors worried about the bearish stock market. Hindustan Unilever and Reliance Industries Limited were…
Source: Live Mint Brokerage firm Choice Broking has released a report suggesting ten stocks to buy on the occasion of Diwali with an upside potential upto 70 per cent. Stocks to buy Bajaj Auto: Buy at ₹10,501 | Target Price: ₹12,483 | Potential Upside: 18.9% We remain optimistic about Bajaj Auto’s growth trajectory in the…
Source: Live Mint Tech Mahindra Ltd, which is undergoing a transformation, saw decent performance in the September quarter (Q2FY25). True, expectations were quite low. Still, a gradual revival in key verticals was welcome. Sequential constant-currency revenue grew 0.7% in Q2FY25 – beating the consensus estimate of 0.4% – led by the communication vertical, followed by…
Source: Live Mint Infosys Ltd’s September quarter (Q2FY25) results fell short of market expectations, leading to a nearly 5% drop in its share price on Friday. This was despite the IT major reporting a sequential constant currency (CC) revenue growth of 3.1%, exceeding consensus estimates. Excluding the retail sector, all other verticals grew quarter-on-quarter. As…
Source: Business Standard Reliance (Photo: Shutterstock) 3 min read Last Updated : Oct 13 2024 | 12:26 PM IST The combined market valuation of seven of the top-10 most valued firms eroded by Rs 1,22,107.11 crore last week, with Tata Consultancy Services and Reliance Industries emerging as the biggest laggards, in line with weak…
Source: Business Standard 4 min read Last Updated : Oct 11 2024 | 10:33 PM IST Shares of TCS fell 2.73 per cent to Rs 4,112.65 apiece on the BSE in Friday’s intraday deals after the information technology (IT) company reported modest earnings in the second quarter of the current financial year (Q2FY25). …
/cdn.vox-cdn.com/uploads/chorus_asset/file/24007866/acastro_STK109_microsoft_02.jpg?w=400&resize=400,250&ssl=1 "Microsoft pauses Windows 11 updates for PCs with some Ubisoft games installed")