The FinTech Hub
Source: Live Mint The young financial analyst bought these properties with his savings from salary and a loan that he has already repaid. Sonthalia’s net worth runs into several crores of rupees, including liquid savings of about ₹1 crore, in all of five years of his career. Here’s what made this possible. Sonthalia works in…
Source: Live Mint While many prefer to buy gold and precious jewellery from duty-free shops in the Middle East, this time, maybe save the purse for a trip to a local shop. Gold prices in India are cheaper than costs in Oman, Singapore, the United Arab Emirates and Qatar, according to a report by Business…
Source: Live Mint Q2 results have nearly come to an end. The outlook on Q2 results was muted, and the actual performance is marginally lower than the preview. This is leading to a downgrade in earnings. The Nifty50’s PAT was forecasted to grow by 8.4% YoY, but the current actual growth is around 6.6%, with…
Source: Live Mint India FD interest rates comparison: Public and private banks in India offer a varied range of fixed deposit (FD) interest rates, and it is thus recommended that you compare most options available before making an investment. At present, most banks offer a higher interest rate for term deposits with longer tenures, compared…
Source: Live Mint The Income-Tax (I-T) department has today (November 17) launched a new campaign warning taxpayers of ₹10 lakh penalty if they fail to disclose foreign held assets or income earned from abroad in their ITR, according to a PTI report. The “compliance-cum-awareness campaign” aims to ensure that taxpayers report all information in their…
Source: Live Mint This disparity, evident both globally and in India, demands urgent attention. Recent data from the 2023 OECD/INFE International Survey reveals that women globally score less than men in financial well-being and resilience. The S&P Global FinLit Survey states that worldwide, 35% of men and 30% of women are financially literate. In India,…
Source: Live Mint Gold’s future contract rates on the Multi Commodity Exchange of India (MCX) index fell 2.44 per cent to ₹75,386 as of 10:01 p.m. on November 11. The precious yellow metal closed at ₹77,272 at the previous market close. In the domestic markets, Gold prices slid ₹450 to ₹79,550 per 10 grams in…
Source: Live Mint After a strong four-month period demat account additions for October 2024 saw a decline amid volatility in the Indian stock markets, according to ANI citing an ICICI Securities report. Demat accounts additions exceeded 4 million in the preceding four months and saw a decline below the number in October 2024, it noted….
Source: Live Mint Sagility IPO: Sagility India’s public issue was oversubscribed 3.2 times on the final day. Retail investors lead the bidding round on the final bidding day of the public issue as the segment gets overbooked 4.07 times on Thursday, November 7. Further, the Non-Institutional Investors (NIIs) oversubscribed to the public offer 1.92 times….
Source: Live Mint Q2 results today on November 9: At least 88 companies are set to release their July-September quarter financial results today, on Friday, November 9, according to BSE data. Further, several major blue-chip firms and banks are scheduled to declare their Q2 results this week. The second quarter results (Q2FY25) season began last…
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