The FinTech Hub
Source: Business Standard Finance Minister Nirmala Sitharaman launched the NPS (National Pension Scheme) Vatsalya Scheme on Wednesday that will allow parents to save for their children’s future by investing in a pension account. (Photo: PTI) 1 min read Last Updated : Sep 20 2024 | 9:48 PM IST About 9,700 minor subscribers have been…
Source: Business Standard 1 min read Last Updated : Sep 20 2024 | 8:45 PM IST FTSE All-World and FTSE All Cap indices underwent semiannual rebalancing on Friday, adding dozens of stocks to both indices. Equity inflows of $1 billion are expected to come to India due to this rebalancing exercise, according to IIFL…
Source: Business Standard Illustration: AJAY MOHANTY 3 min read Last Updated : Sep 20 2024 | 9:02 PM IST Non-Banking Financial Companies (NBFCs) have diversified funding sources and reduced their borrowing from banks after the Reserve Bank of India (RBI) increased risk weights on bank borrowings, as per the September Bulletin. In November…
Source: Business Standard 2 min read Last Updated : Sep 20 2024 | 8:09 PM IST Markets regulator Sebi on Friday proposed that listed entities should make all payments, such as dividends, interests and redemptions, through electronic mode only. The proposal is aimed at streamlining payment processes and enhance security, convenience and efficiency…
Source: Business Standard 3 min read Last Updated : Sep 20 2024 | 7:40 PM IST With the Reserve Bank of India (RBI) nudging non-banking financial companies (NBFCs) to reduce their dependence on banks, and mutual funds becoming conservative after the Franklin Templeton incident, NBFCs are increasingly turning to the bond market to raise…
Source: Business Standard Sebi Chairperson Madhabi Puri Buch (Photo: PTI) 3 min read Last Updated : Sep 20 2024 | 7:38 PM IST The cases where Sebi chairperson Madhabi Puri Buch recused herself due to potential conflict of interest is not “readily” available and collating them would “disproportionately divert” its resources, the securities market…
Source: Business Standard The domestic currency settled at 83.5625 on Friday, and gained nearly 0.4% week-on-week, its strongest weekly rise this year. 1 min read Last Updated : Sep 20 2024 | 5:32 PM IST India’s foreign exchange reserves extended their winning run for a fifth straight week to hit a record high of…
Source: Business Standard 2 min read Last Updated : Sep 20 2024 | 6:39 PM IST Sebi allows mutual funds to buy, sell credit default swaps New Delhi, Sep 20 (PTI) Markets regulator Sebi on Friday allowed mutual funds to both buy and sell Credit Default Swaps (CDS), a move aimed at increasing liquidity…
Source: Business Standard 4 min read Last Updated : Sep 20 2024 | 5:49 PM IST Pune, with its weekend getaways, proximity to the Western Ghats, moderate climate, and relaxed pace of life, has long appealed to homebuyers. Hence, it’s no surprise the city has seen a spike in property demand. According to…
Source: Business Standard 1 min read Last Updated : Sep 20 2024 | 5:01 PM IST The Securities Appellate Tribunal (SAT) dismissed an appeal filed by industrial gases and engineering firm Linde India against a valuation exercise being carried out by the National Stock Exchange (NSE) as per an order by the Securities and…
