The FinTech Hub
Source: Business Standard 3 min read Last Updated : Sep 19 2024 | 12:10 PM IST The NSE Nifty 50 index today hit a fresh life-time high at 25,611.95 on the back of 50 basis points interest rate cut by the US Federal Reserve, a first in the last four years. Today’s market rally…
Source: Business Standard Credit Card(Photo: Shutterstock) 3 min read Last Updated : Sep 19 2024 | 2:51 PM IST IDFC FIRST Bank on Thursday launched the Ashva Credit Card, its newest offering for the modern, discerning user. Packed with luxury travel benefits like low forex charges and complimentary access to airport lounges, the metal…
Source: Business Standard 4 min read Last Updated : Sep 19 2024 | 2:19 PM IST Broader market indices– Nifty MidCap 100 and Smallcap 100— plunged over 1 per cent and nearly 2 per cent respectively in the afternoon deals. The fall comes after the US Federal Reserve cut 50 basis points (bps) interest rate…
Source: Business Standard Criminals are continually innovating, which means that fraud and its associated costs represent evolving threats that cannot be easily mitigated. Photo: Shutterstock 5 min read Last Updated : Sep 19 2024 | 5:58 PM IST About 200 young people, mainly from West Bengal, were rescued from a fake job racket in…
Source: Business Standard 2 min read Last Updated : Sep 19 2024 | 8:55 PM IST The Securities and Exchange Board of India (Sebi) on Thursday restrained Axis Capital (ACL) — a wholly owned subsidiary of Axis Bank — from taking any new assignment as a merchant banker, arranger or underwriter in the debt…
Source: Business Standard 3 min read Last Updated : Sep 19 2024 | 7:18 PM IST With banks finding it challenging to raise deposits amid strong loan offtake, they are taking the securitisation route to improve their liquidity position. Rating agency ICRA estimates Rs 45,000 crore to Rs 50,000 crore worth of securitisation and…
Source: Business Standard 2 min read Last Updated : Sep 19 2024 | 8:28 PM IST The Securities and Exchange Board of India (Sebi) on Thursday modified its framework for the valuation of the investment portfolio of Alternative Investment Funds (AIFs) following suggestions from the industry. The market regulator stated that a change…
Source: Business Standard 2 min read Last Updated : Sep 19 2024 | 8:05 PM IST Jana Small Finance Bank on Thursday announced a new deposit scheme offering 6.75 per cent for tenures ranging from seven to 180 days. The rate is applicable for the minimum deposit amount of Rs 10 lakh for retail…
Source: Business Standard 2 min read Last Updated : Sep 19 2024 | 8:06 PM IST Beauty and fashion platform Nykaa has ramped up its same and next-day deliveries to 110 cities, aiming to get closer to the consumer by growing its warehouse network. The company said that close to 60 per cent…
Source: Business Standard Illustration: Ajay Mohanty 4 min read Last Updated : Sep 19 2024 | 4:16 PM IST Nifty PSU Bank slips: The Nifty PSU Bank index, which monitors the performance of public sector banks, fell by as much as 1.80 per cent, hitting an intraday low of 6,556.25 on Thursday, September 19,…
