The Nifty 50 index has gained nearly 3% in 2024 so far, but the broader markets have outperformed the benchmark as the Nifty Smallcap 100 rallied 6.8%, while the Nifty Midcap 100 index surged 7.7% YTD. During the last twelve months, the midcap and smallcap indices have gained 65% and 78%, respectively, while largecaps have … Read more
According to the latest RBI data, in February 2024, the total number of credit cards issued by banks in India crossed the 100 million milestone, registering an increase of 1.1 million cards from the previous month. While this highlights the increasing popularity of credit cards, it also suggests a potential uptick in credit card fraud … Read more
(Bloomberg) — WSP Global Inc. shares plunged after Spruce Point Capital Management LLC said it was shorting the Canadian engineering firm’s stock, slapping it with a “strong sell” recommendation. Spruce Point, a prominent US fund that previously targeted Canadian firms Lightspeed Commerce Inc. and Nuvei Corp., on Wednesday criticized WSP Global’s “opaque financial reporting.” WSP … Read more
Recently I was talking to my uncle who is in his late forties. And as always happens with me (being in the financial advisory space), the topic of investments came up. He said that his investments had done phenomenally well over the last few years. On enquiring further, I came to know that his mutual … Read more
Oil prices continued their upward trajectory amid investor apprehensions regarding potential disruptions in supply due to escalating geopolitical tensions, on Wednesday. However, some of these concerns were mitigated by an unexpected increase in U.S. crude oil inventories. Brent crude futures climbed by 84 cents, representing a 0.9% increase, reaching $89.76 per barrel by 11:38 a.m. … Read more
I am a 35-year-old professional earn ₹1.5 lakh out of which I can invest half every month. I have used my savings to buy a house and now I have around ₹6 lakh in the bank. I want to start my own business in 5 years and I will need ₹75 lakh for this. How … Read more
Tata Consultancy Services Ltd recently has notified to the exchanges that the company’s board of directors would meet on April, 12, 2024, to discuss and approve its audited standalone financial results for the year ending March 31, 2024, prepared in accordance with Indian Accounting Standards (Ind AS). TCS Board will further approve and take on … Read more
The rise in digital payments brings various challenges within complex payment systems. In such a scenario, numerous factors can contribute to online payment failures. Online payment failures can be exasperating for both customers and businesses. Here are five common reasons for online payment failures in India and ways to prevent them: 1)Scheduled Maintenance and Downtime … Read more
Investors can check the basis of allocation to see if and how many shares they have been allotted. The quantity of shares allotted is also displayed in the IPO allotment status. The refund process will begin for individuals who did not get shares. The allotted shares will be credited into their demat accounts. On Thursday, April … Read more
However, alongside the convenience, there’s also been an uptick in fraud cases associated with demat accounts over the past decade. This rise in fraudulent activities can be attributed to the influx of new investors entering the market without adequate knowledge of safeguarding their investments. While stock market regulators and brokerage firms continuously strive to implement … Read more
