The benchmark indices fell for the third straight day on profit booking, following a rebound after India and Pakistan agreed to a ceasefire to end the four-day military conflict that stemmed from Operation Sindoor. On Tuesday, the Nifty 50 index fell 1.05% or 261.55 points to 24,683.9, while the Sensex 30 slipped 1.06%, its sharpest…
Online brokerage platform Zerodha’s Chief Executive Officer (CEO), Nithin Kamath, in a social media post, spoke about the discussions over rising retail investors from India’s Tier 2 and Tier 3 cities may be a “little misleading.” “There’s a lot of talk about a huge influx of traders from Tier 2 and 3 towns. This data…
SBI fundraising: State Bank of India (SBI) announced on Tuesday, May 20, that its board has approved raising up to $3 billion in long-term funds in fiscal 2025-26 (FY26). India’s largest public sector bank (PSB) said that it will raise funds in single or multiple tranches through a public offer or private placement of unsecured…
In India’s rapidly evolving financial landscape, clearly understanding what lenders foresee or find out from your credit score is crucial. As a general rule, currently a credit score of 750 or above is considered excellent. Such a high credit score and unblemished repayment history significantly influences loan approvals by making the entire process easier along…
When a borrower approaches a bank or NBFC for a loan, the bank invariably asks for the credit score. A credit score is a three-digit score given by a credit bureau which indicates a borrower’s creditworthiness i.e., whether the person is likely to repay the loan. This is, apparently, an urban concept where borrowers are…
Digital banking services continue to scale up and gain traction in the country. Following the same objectives of growing and scaling up, Federal Bank has streamlined the process of applying for its coveted Visa ‘Imperio’ credit card. This particular credit card caters to the evolving needs and aspirations of tech savvy customers. The main objective…
In an age where borders are porous but portfolios remain parochial,Mint Horizons came to Delhi with a bold proposition: it’s time Indian investors stopped thinking domestically and started planning globally. If you want Mint Horizons to come to your city, register here. The evening began with Neil Borate, Deputy Editor at Mint, setting the tone…
Q. My wife and I have been investing in debt mutual funds and Sensex tracking index mutual funds for the past 8 years. We now intend to diversify and invest in index funds tracking the Nifty 500 Momentum 50 Index. Can you please elaborate on the pros and cons of investing in such funds? Additionally,…
Delhivery Ltd shares have surged over 10% since its March quarter (Q4FY25) results were announced. The company posted its highest-ever quarterly profit, which means that FY25 was the first year in which all the quarters were net profit positive. Despite a seasonally soft period, Q4 Ebitda margin rose to 5.4%, up 320 basis points year-on-year,…
If you are a credit card user and a movie buff at the same time, you may consider securing a card that offers steep discounts on movie tickets. There are a number of cards which cater to the movie goers, especially the ones who love to watch the latest flick on the silver screen. Here,…
