Nithin Kamath (File photo) Nithin Kamath, co-founder and CEO of Zerodha, talked about the persisting the gap between Indian households’ gold wealth and the equity funding needs of Indian businesses. According to World Gold Council data, Indian households hold gold worth approximately $3 trillion, much of which remains idle in storage, offering minimal contribution to […]
US stocks hold near record highs: S&P 500 and Nasdaq edge up; focus shifts to Fed rate cut hopes
Stock markets in the US displayed minimal movement near their peak levels during the early trading session on Wall Street on Tuesday. The S&P 500 edged up 0.1%, following its recent record high and seven consecutive days of gains. The Dow Jones Industrial Average advanced 90 points, while the Nasdaq composite increased by 0.1%. Overseas […]
‘Ongoing continuously’: India-US in contact at various levels for trade deal; FTA talks also on with EU
Piyush Goyal talked about India-US trade talks progress NEW DELHI: Union Commerce and Industry Minister Piyush Goyal indicated on Tuesday that the government is maintaining contact with the United States at various levels concerning the proposed Bilateral Trade Agreement (BTA), suggesting potential progress towards the agreement.The minister, however, avoided specifying any timeline for completing the […]
Passenger vehicle sales jump 35% during Navratri: GST 2.0 fuels festive demand; auto retail sector set for record 42-day season
Passenger vehicle retail sales jumped 35 per cent year-on-year during this year’s nine-day Navratri period, according to the Federation of Automobile Dealers Associations (FADA). Overall vehicle registrations grew 6 per cent in September, as sales remained muted in the first three weeks before picking up following the implementation of new GST rates on September 22.Passenger […]
Tata Capital IPO: GMP crashes to just 3% – why is grey market premium down despite favourable brokerages outlook?
Tata Capital GMP: The conservative GMP indicates investor wariness regarding immediate returns. (AI image) Tata Capital IPO: The initial public offering of Tata Group’s flagship financial services arm Tata Capital got a big thumbsup from brkokerages, with several positive reviews. Yet, the Grey Market Premium (GMP) has crashed to just 3%. The GMP is usually […]
Global Fintech Fest: FM launches foreign currency settlement system; India accounts for ‘half of world’s real-time digital transactions’
Union finance minister Nirmala Sitharaman on Tuesday launched the foreign currency settlement system in GIFT city on Tuesday, at the sixth Global Fintech Fest in Mumbai. With this, the GIFT IFSC has joined a select group of international financial centres that can settle foreign currency transactions locally.At the event, the FM also highlighted that India […]
Payment revolution! Facial recognition, fingerprints to soon authenticate UPI payments, Aadhaar biometric data to be used: Report
The verification process will utilise biometric information through Aadhar identification system. (AI image) Facial recognition and fingerprint authentication – these are the two new features that may be launched for payments made through the Unified Payments Interface (UPI), according to a Reuters report.The National Payments Corporation of India, UPI’s operator, intends to display this biometric […]
No more love beyond borders? Trump’s H-1B visa move dampens Indians’ craze for NRI spouses; students drop American dreams
Tighter US immigration rules are making Indian families think twice before arranging marriages with relatives living in the United States, matchmakers and experts say.Sidhi Sharma, a 19-year-old medical student from Haryana, had hoped to marry an Indian citizen with a high-paying US job, but abandoned the idea after recent headlines about President Donald Trump’s immigration […]
LG Electronics India IPO opens today: Should you subscribe? Check GMP, price band & what brokerages have to say
LG Electronics India IPO: Experts consider the issue reasonably priced in comparison to industry competitors. (AI image) LG Electronics India IPO: South Korean electronics major LG Electronics India’s Rs 11,607 crore initial public offering (IPO) has opened for subscription on Tuesday, garnering robust analyst support and a substantial grey market premium (GMP) of 24%, indicating […]
Canara HSBC IPO: Insurance firm sets price band at Rs 100 to Rs 106; targets Rs 10,000 crore valuation
Canara HSBC Life Insurance Company Ltd on Tuesday announced the price band for its upcoming IPO, setting it at the range of Rs 100 to Rs 106 per share, targeting a valuation of about Rs 10,000 crore at the upper end.The insurer’s Rs 2,516-crore public offering will open for subscription on October 10 and close […]