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News Shots Bajaj Finserv incorporated an asset management company called Bajaj Finserv Asset Management on October 18. It will manage various mutual fund plans. Nestle India reported a 5.15 percent rise in net profit at Rs 617.37 crore for the third quarter ended September 2021, driven largely by a high single-digit volume and mix growth […]
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U.S. Stocks Rise after Quarterly Earnings Reports; Bitcoin Rises Bitcoin hit a six-month high and almost hit its all-time high as traders bet that the listing of the first exchange-traded fund (ETF) that tracks Bitcoin futures on the stock exchange would attract investment into cryptocurrency. The ProShares Bitcoin Strategy ETF on NYSE Arca, owned by […]

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Depositories are institutions that holds your shares/securities in electronic or dematerialized(DEMAT) form. Broadly speaking, a depository acts as a custodian. It may store any form of securities. One can store shares, ETFs, bonds, debentures, certificates of deposits, Government Securities(GSecs), and much more. There are two central depositories in India: National Securities Depository Limited(NSDL) Central Depository […]

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