Credit card use is common among modern salaried and non-salaried people. Not just in Tier-1 cities, but people in Tier-II and Tier-III cities and small towns are also using credit cards regularly. Credit card use provides one with the facility to purchase a thing even if they don't have hard cash at that point in time. They can purchase a thing by making an entire payment or instalments.
Open FlipInvesting in cryptocurrencies can be daunting, especially for newcomers to the space. With thousands of cryptocurrencies available and constantly evolving technology, navigating the market can be overwhelming. However, I've found a valuable ally in my investment journey: ChatGPT.ChatGPT is an artificial intelligence language model that can understand and generate human-like text.
Open FlipCompare Investments_SPHD vs SCHD While investors have focused on high-flying Magnificent 7 stocks, Warren Buffett’s Berkshire Hathaway has quietly outperformed the SPDR S&P 500 ETF Trust (SPY), the stock market proxy and largest exchange-traded fund on the market. As a conglomerate that owns shares of 41 publicly traded companies, Berkshire possesses multiple ETF qualities.
Open FlipInfosys, a global leader in next-generation digital services and consulting, has announced a significant milestone. The company received the ISO 42001:2023 certification, the world’s first international standard for Artificial Intelligence Management Systems (AIMS), from TUV India, part of the TÜV Nord Group. Infosys stock closed at Rs 1,440.95 per share on the NSE, up by 1.06% on Tuesday.
Open FlipPrivate equity major Blackstone-backed Aadhar Housing Finance's initial public offering (IPO) is opening for public bidding on Wednesday, May 8, and will close on May 10. The anchor investor bidding will open for a day on May 7. Ahead of the IPO opening, shares of Aadhar Housing Finance are commanding a premium of ₹66 in the grey market today.
Open FlipLONDON: British house prices edged 0.1% higher in April to stand 1.1% up on a year earlier, figures from mortgage lender Halifax showed on Tuesday, a slight pick-up from March's 0.4% annual growth as interest rates remain high. Tuesday's data marks a return to monthly growth after prices fell 0.9% in March - the first decline since September.
Open FlipKPT Industries Limited has posted strong Quarterly Results in Q4FY24. The revenue of the company stood at Rs 39.19 crore which grew by 10.7% YoY. The operating profit of the company stood at Rs 6.56 crore which grew by 42.05% on a YoY basis, while the PAT of the company stood at Rs 3.65 crore, which increased by 108.58 per cent on a YoY basis. The stock also made a new 52-week high today.
Open FlipNity on Tuesday ended 140 points lower to form a long negative candle pattern with a minor lower shadow on the daily chart and found support around the 50-day exponential moving average at 22,240 levels. The lower tops and bottoms on the daily chart are intact and the present weakness could be in line with the new higher bottom formation of the pattern.
Open FlipThe Indian stock market is on the rise because of some good signs in the country’s economy and upcoming elections. When the GDP goes up, it usually means the economy is strong. Despite bullish sentiments, some analysts caution against expecting significant market gains, citing already high valuations. The market appears to have already priced, suggesting limited room for further growth.
Open FlipIn its first quarter earnings announcement last week, 3M (NYSE: MMM) revealed that it will be cutting its dividend -- and that's actually good news. Sure, some income-focused investors will inevitably be disappointed, but it's the right thing to do for the company's development and to help remove uncertainty around the stock. In addition, some other positives surfaced in the earnings report.
Open FlipUK new car registrations grew for the 21st consecutive month in April, rising by a modest 1.0% to reach 134,274 units, according to the Society of Motor Manufacturers and Traders (SMMT).As a result, this was the market’s best April since 2021, although uptake was still 16.6% below the pre-pandemic level in what is traditionally a low volume month following the March plate change.
Open FlipTBO Tek is launching its IPO for equity shares valued at Re 1 each. The IPO price range is set between Rs 875 and Rs 920 per equity share, resulting in a total issue size of Rs 1,550.81 crore at the upper price band. The IPO is scheduled to commence on May 08, 2024, and will conclude on May 10, 2024. The market lot size for the IPO is 16 shares, with the option to apply for multiples of this lot.
Open FlipThe SEC issuing Robinhood a Wells Notice is surprising, KBW said. The broker expects no change to the platform’s current U.S. crypto operations or asset listings. Robinhood has a higher likelihood of winning a case with the SEC than most of its U.S. competitors, the report said. Robinhood (HOOD) being issued a Wells Notice by the Securities and Exchange Commission is surprising given the company.
Open FlipIRB Infrastructure Developers Ltd on Tuesday (May 7) reported a 45.1% year-on-year (YoY) jump in net profit at ₹188.9 crore for the fourth quarter that ended March 31, 2024. In the corresponding quarter, IRB Infrastructure Developers posted a net profit of ₹130.2 crore, the company said in a regulatory filing. The company's revenue from operations increased 27.2% to ₹2,061.2 crore.
Open FlipThe Nifty 50 extended southward journey for the third consecutive session, though it managed to defend 22,300 on the closing basis and 50-day EMA on the intraday basis on May 7. The consistent increase in volatility also made the bulls uncomfortable and favoured bears. The Nifty 50 opened higher and made an attempt to touch 22,500, but could not sustain for long.
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