The FinTech Hub
Source: Live Mint Following the recent lifting of RBI restrictions on its gold loan business, global brokerage house HSBC upgraded IIFL Finance stock to ‘hold’ from ‘reduce.’ HSBC also raised the stock’s target price to ₹540 from ₹350 earlier, implying an 8 percent upside potential. HSBC also upgraded its FY25-27 EPS estimates by 6 percent…
Source: Live Mint There are two sides to investing, buying and selling. The most basic purpose of any investment is to make profits. Those profits are useful to you, only if you actually book them when you sell your investment. However, the danger with focusing too much on profit booking is that you don’t want…
Source: Live Mint Benchmark indices Sensex and Nifty hit new highs in the previous session on September 24. However, as of September 25, trading remains subdued, with muted movement across the markets. On September 24, Benchmark Sensex reached a record high of 85,163.23, crossing the 85,000 mark for the first time, while Nifty set a…
Source: Live Mint Domestic brokerage house Motilal Oswal Financial Services (MOFSL) reaffirmed its ‘buy’ rating on Adani Ports and Special Economic Zone (APSEZ) stock, maintaining a target price of ₹1,850, implying an upside potential of almost 29 per cent. The brokerage cited the company’s strategic positioning and continued investments in port and logistics infrastructure as…
Source: Live Mint Top News The National Payments Corporation of India (NPCI) has announced a significant change to its Unified Payments Interface (UPI) transaction limit. Effective from September 16, 2024, the UPI transaction cap has been raised to ₹5 lakh per transaction. This increase aims to further bolster India’s push toward a more robust digital…
Source: Live Mint Amitabh Bacchan was nicknamed the angry young man because he was fighting against the system in the movies, and despite the ghastly sound effects of ‘dishoom-dishoom’, you smiled because he had the chutzpah of calling the ambulance before he beat up the bad guys. Released on National Cinema Day celebrated in India…
Source: Live Mint Many investors do not take a disciplined approach to secure and grow their finances, due to certain biases. Such biases lead to mistakes like having inadequate or low life cover, avoiding or making low investments in equity-oriented investments, ignoring retirement planning and exposing to high-risk and unregulated investments. This article flags those…
Source: Live Mint The Public Provident Fund (PPF) is an excellent investment option with EEE (Exempt-Exempt-Exempt) status. This means it offers a tax deduction at the time of investment, the interest earned is tax-free, and the maturity proceeds are also exempt from tax. Currently, the interest rate for PPF is 7.10%. Moreover, PPF is fully…
Source: Live Mint Domestic brokerage house Centrum Broking has initiated coverage on the wealth management industry with two reduced calls on – 360 One WAM and Nuvama Wealth. The brokerage has a target price of ₹1,050 for 360 One, implying a downside of around 3 per cent, whereas for Nuvama, it has a target of…
Source: Live Mint Achieving financial stability and prosperity involves more than just earning a good salary or making high returns on investments. It requires cultivating effective habits that align with your financial goals and help you manage your money wisely. In this article, we’ll explore essential habits that can enhance your financial life and set…
