The FinTech Hub
Source: Business Standard 3 min read Last Updated : Oct 08 2024 | 10:54 PM IST Non-life insurers have reported a 6.53 per cent year-on-year (YoY) drop in premiums in September, owing to underperformance of state-owned general insurers, slowdown in auto sales impacting motor insurance segment, and weak performance in the crop insurance segment….
Source: Business Standard The dollar index, which measures the U.S. currency against major rivals, slipped 0.2% to 102.31. 4 min read Last Updated : Oct 08 2024 | 4:11 PM IST The dollar eased from near seven-week highs against major currencies on Tuesday after investors assessed the outlook for U.S. rate cuts, even as…
Source: Business Standard Photo Credit: Ruby Sharma 3 min read Last Updated : Oct 08 2024 | 8:49 PM IST The state-owned Life Insurance Corporation (LIC) of India has reduced the first-year agent commission from 35 per cent to 28 per cent following the revision of surrender value norms, sources familiar with the development…
Source: Business Standard 2 min read Last Updated : Oct 08 2024 | 8:05 PM IST A raft of regulatory measures by the Securities and Exchange Board of India (Sebi) is expected to hit the profitability of brokerages, particularly those operating the discount model. The estimated hit could be around 25 per cent…
Source: Business Standard Each unit will guarantee the obligations of the others, while covenants attached to the bond issue will be set on an aggregate basis, according to a note by Fitch Ratings. Image: Bloomberg 3 min read Last Updated : Oct 08 2024 | 9:13 PM IST Four subsidiaries of India’s Adani Green…
Source: Business Standard 3 min read Last Updated : Oct 08 2024 | 8:30 PM IST India’s benchmark indices closed higher on Tuesday after six consecutive sessions of decline. The recovery was propped up by index heavyweights HDFC Bank and Reliance Industries, while China’s highly anticipated stimulus measures also boosted sentiment. The stocks…
Source: Business Standard Illustration: Binay Sinha 3 min read Last Updated : Oct 08 2024 | 8:19 PM IST China-focused funds have surged between 27.8 and 61.4 per cent over the past month, attracting significant investor attention. Instead of being driven by FOMO (fear of missing out), investors must carefully evaluate the risks before…
Source: Business Standard Representative image. Photo: Bloomberg 2 min read Last Updated : Oct 08 2024 | 7:51 PM IST Hindenburg Research disclosed a short position in Roblox on Tuesday, alleging that the gaming platform popular among young children inflated metrics including user numbers. Roblox shares fell 9.2% in early trading after the…
Source: Business Standard 1 min read Last Updated : Oct 08 2024 | 7:26 PM IST Finance Minister Nirmala Sitharaman on Tuesday commended Indian financial sector regulators for doing a “world-class job” and bringing greater transparency into the system. Underlining that she is not against questioning or critiquing regulators, Sitharaman said there…
Source: Business Standard 3 min read Last Updated : Oct 08 2024 | 7:00 PM IST The Securities and Exchange Board of India (Sebi) on Tuesday issued fresh guidelines on due diligence for investors in alternative investment funds (AIFs) to prevent circumvention of norms and ever-greening of loans. The due diligence specifically applies…
