Mutual funds raise stake in Paytm during Q2FY25; stock surges 70% in July-Sept quarter
During the second quarter of FY25 (Q2FY25), mutual funds increased their stake by 15 per cent in One97 Communications, the parent company of Paytm, reflecting growing institutional confidence in the digital payments company. The period between July and September saw a notable shift, as mutual funds ramped up their holdings with the stock delivering an impressive 70 per cent return.
Warren Buffett's company website looks like a relic from the 1990s — but that's on purpose
- Warren Buffett is the billionaire boss of one of America’s biggest companies.
- Yet Berkshire Hathaway’s website looks like it was built in the 1990s and hasn’t been updated since.
- The antiquated website reflects Buffett’s values of simplicity, efficiency, and frugality.
Russia pitches trading centers in a widening plan to move away from the US-dominated global financial order
- Russia is proposing alternative payment systems and commodity centers.
- The proposal aims to strengthen BRICS economies’ sovereignty and reduce dollar reliance.
- Challenges include entrenched dollar dominance and existing global trading systems’ liquidity.
The Ultimate Electric Vehicle Stock to Buy With $1,000 Right Now
Tesla (NASDAQ: TSLA) investors have had a lot to think about this year. Increasing competition wasn’t unexpected, but a notable slowdown in electric vehicle (EV) demand has surprised many industry players and followers.
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Read MoreMortgage rates were supposed to come down. Instead, they're rising — here's why
You might expect that mortgage rates would be falling right now after the Federal Reserve cut interest rates by a half-point last month.
Instead, mortgage rates jumped higher. The latest data from Freddie Mac showed that the average 30-year mortgage rate had increased to 6.4%,
» Read more about: Mortgage rates were supposed to come down. Instead, they're rising — here's why »
Read MoreThe Burst
The Ivy
Ridiculous Growth Potential for This Dividend Aristocrat
A conservative utility stock that is fast-growing sounds like an anomaly. A clean energy stock with a reliable dividend seems like a unicorn. But NextEra Energy (NEE) ticks all those boxes. NextEra is a unique electric power and energy infrastructure company that continues to report impressive financial strength.
» Read more about: Ridiculous Growth Potential for This Dividend Aristocrat »
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