The FinTech Hub
Source: Live Mint Swiggy Ltd’s food-delivery business saw a sequential rise in its average monthly transacting users to 14.9 million in Q3FY25 from 14.7 million. This compares with the quarter-on-quarter (q-o-q) drop in Zomato Ltd’s user base to 20.5 million from 20.7 million. While it is hard to identify specific reasons for the divergent trends…
Source: Live Mint Budget 2025: Shares of Zomato and Swiggy increased by 9-10% following Finance Minister Nirmala Sitharaman’s declaration of an income tax exemption for individuals with an annual income of up to ₹12 lakh in the Union Budget 2025. Experts think this initiative may stimulate spending in light of indications of waning urban demand….
Source: Live Mint Mumbai: Donald Trump’s sabre-rattling before and after his swearing-in sent the Indian markets scurrying for cover on Tuesday, with benchmarks Nifty 50 and S&P BSE Sensex tumbling to their respective seven-month lows. Investors were already in a sombre mood, thanks to sluggish corporate earnings, foreign investor sell-offs, and pre-budget jitters. The uncertainty…
Source: Live Mint Stocks to watch next week: The Indian stock market is experiencing high volatility due to persisting concerns over weak earnings, heavy foreign capital outflows, and uncertainty surrounding Donald Trump’s trade policies. Moreover, caution ahead of the Union Budget 2024 keeps market sentiment fragile. At this juncture, experts suggest observing stock-specific movements before…
Source: Live Mint Q3 results coming week: Indian corporates’ December quarter (Q3FY25) earnings have been mixed so far. Major IT companies such as TCS, Infosys, HCL Tech, Tech Mahindra and Wipro have announced their Q3 scorecards and now focus is on the banking heavyweights such as HDFC Bank and ICICI Bank, which will disclose their…
Source: Live Mint Multibagger stocks: Indian markets are set to end 2024 on a positive note, marking the ninth consecutive year of gains for the frontline indices. However, a strong sell-off in the last three months has dampened the possibility of beating the previous year’s performance. In the first half of 2024, the Nifty 50…
Source: Live Mint Zomato share price will be in focus on Monday, December 23, as the food delivery giant will now be included in the benchmark BSE Sensex index. Zomato will be the first new-age tech stock to enter the prestigious 30-share index. In the half-year rebalancing of Sensex, Zomato will replace JSW Steel w.e.f…
Source: Live Mint Here’s a quick look at stocks likely to be in focus in today’s trade. Vedanta: The board of Anil Agarwal-owned Vedanta has approved its fourth interim dividend of ₹8.5 per share. The announcement was made after market hours on Monday, December 16. Earlier, on December 12, Vedanta had notified the stock exchanges…
Source: Live Mint Stock Market Today: Shares of Swiggy climbed over 6 per cent on Monday, December 16 after the brokerage house Axis Capital initiated coverage on the new-age stock with a ‘Buy’ rating and a target price of ₹640, citing a 27 per cent valuation discount to peer Zomato as justified. The target price…
Source: Live Mint Online food delivery platform Zomato, in a regulatory filing on Thursday said that it has received a tax demand of ₹803.4 crore, including interest and penalty from the GST department in Thane. The demand order has been received in respect of non-payment of GST on delivery charges with interest and penalty thereon,…
