Since the Federal Reserve’s rate cut in September, Bitcoin has regained its upward momentum, reflecting patterns seen before its halving. This resurgence is driven not only by the Fed’s interest rate reductions but also by similar measures from central banks globally.
Navi Finserv, 3 other NBFCs barred from giving loans (18-10-2024)
The Reserve Bank of India (RBI) has barred four non-banking finance companies (NBFCs), including two microfinance institutions (MFIs), from sanctioning and disbursing loans for charging exorbitant interest rates to the borrowers. These four entities are Asirvad Microfinance, Arohan Financial Services (also an MFI), DMI Finance, which provides personal, consumption, and micro, small and medium enterprises loans, and Flipkart co-founder Sachin Bansal’s Navi Finserv, which offers home and personal loans. The ban will take effect on October 21 to “facilitate closure of transactions in the pipeline”, the regulator said in a statement.
Hindalco Industries Ltd gains for third straight session (18-10-2024)
Hindalco Industries Ltd is quoting at Rs 752.5, up 2.41% on the day as on 12:49 IST on the NSE. The stock is up 56.79% in last one year as compared to a 26.65% gain in NIFTY and a 43.44% gain in the Nifty Metal index.
What’s driving US markets amid political uncertainty? Mark Matthews answers (18-10-2024)
But there are several other data points that would confirm the strength of the economy. On the other hand, inflation is tame, as we saw in the most recent Consumer Price Index readings. And then the third quarter results, the banks are the first major sector to report and they did well.
RPP Infra secures water infrastructure projects worth ₹35.6 crore in Tamil Nadu, stock advances (18-10-2024)
RPP Infra also disclosed that it has secured additional contracts during the year, bringing its total work order value to ₹3,558.84 crore as of October 16, 2024
Granules India gets USFDA nod for antidepressant tablets (18-10-2024)
Granules Pharmaceuticals, Inc., a 100% foreign subsidiary of Granules India received the U.S. Food & Drug Administration (USFDA) approval for abbreviated new drug application (ANDA) of Bupropion hydrochloride extended-release tablets USP (SR).
HDFC AMC shares drop 0.31% as Sensex rises (18-10-2024)
A total of 10,838 shares changed hands on the counter till 01:03PM (IST)
Markets rebound as banks lead recovery; IT stocks split performance (18-10-2024)
Sensex and Nifty recover after declining for four consecutive sessions; Nifty Bank gains more than 500 pts; market breadth remains negative
RS Software – Will they pay investors too? (18-10-2024)
I found the below post about an investor having met RS Software management recently. Posting this since it is extremely difficult to get any information about RS Software. Please note that I am posting this “as is”. I do not know the poster nor have I ever followed him. I do not know if the information provided is authentic and correct.