The FinTech Hub
Source: Live Mint Ganesh Chaturthi marks the beginning of the festive season in India, a time associated with new beginnings and prosperity. It’s an auspicious period to reflect on your financial journey and make informed decisions that align with the blessings of Lord Ganesha. Market activity typically increases during this season, offering growth opportunities. Recent…
Source: Live Mint From time to time, you may get a message or email from your bank mentioning that you are eligible for an increase in the credit limit on your credit card. Some people who need a higher limit may accept the offer. Some people may ignore the message, thinking they are already using…
Source: Live Mint (ANI)- India’s digital payments industry is witnessing a huge surge, with transaction volumes growing by 42 per cent year-on-year (YoY) in FY 2023-24, according to a new report by PwC. The report projects that the industry will experience threefold growth, with transaction volumes set to rise from 159 billion in FY 2023-24…
Source: Live Mint Starting October 1, 2024, significant changes will be implemented in the taxation of share buybacks, shifting the tax burden from companies to shareholders. Companies are taxed at 23.296 per cent on buyback transactions, covering surcharges and cess, while shareholders face no tax on the buyback proceeds. Under the new rules, buyback proceeds…
Source: Live Mint Beta measures the volatility, or systemic risk, of a security or portfolio compared to the market. For instance, a company operating in a cyclical industry may carry some specific risks. The company’s stock, therefore, may be more volatile than the overall markets and hence have a high beta. The same may be…
Source: Live Mint Are you prompt in paying rents to your landlord? If you are consistent with rent payments and live in Mumbai, you would be able to avail loans on that basis alone soon. Regular payments would also earn rewards, a rent credit score and a Residence Card (R-Card) that would store all the…
Source: Live Mint Resourceful Automobile’s IPO, for instance, attracted ₹4,800 crore in bids for a ₹12 crore issue, and Travels & Rentals offer received ₹7,075 crore for a ₹12.4 crore issue. HOAC Foods India and Magenta Lifecare saw 1,963 and 1,002 times oversubscription, respectively, earlier this year, even as their issue size was just ₹5.10…
Source: Live Mint The new scheme is meant to be faster and easier than filing an appeal with the Commissioner of Income Tax (Appeals) – CIT(A) – but one particular condition makes it the less attractive option and begs the question: is this just another toothless provision from the tax department? What is e-DRS? Until…
Source: Live Mint I hear many claims are rejected due to non-disclosure of pre-existing diseases. What if I insist on the insurance company doing my medical check-up? Do they accept such a request? —Name withheld on request When it comes to health insurance, non-disclosure of pre-existing diseases is a leading cause of claim rejections. Understandably,…
Source: Live Mint Possessing a credit card is not only uncommon but somewhat close to financial necessity in current times. However, before you procure a credit card, be mindful of a number of thumb rules; for instance, the unpaid dues accrue a very high rate of interest — sometimes as high as 3-4 per cent…
