The FinTech Hub
Source: Live Mint If you are planning to raise a floating rate loan such as home loan, it is vital to know the MCLR rates which the banks are currently charging. Banks typically link their rates to marginal cost of funds-based lending rates (or MCLR) which plays a key factor in determining interest rates for…
Source: Live Mint Adani Group Stocks: Life Insurance Corporation of India (LIC), the country’s largest domestic institutional investor, saw its holdings in seven Adani stocks drop by nearly ₹12,000 crore in a single trading session on Thursday, November 21, following a sharp decline in group shares. The shares of the Gautam Adani-led conglomerate plummeted by…
Source: Live Mint When tragedy strikes, the complexities of inheritance laws add another layer of hardship. This unexpected reality, often rooted in religious laws, underscores the importance of estate planning. For instance, a young Muslim widow may be left with just a fraction of her husband’s estate under Muslim inheritance law (Muslim Personal Law (Shariat)…
Source: Live Mint Several top-performing mutual funds in India, focusing on large-cap blue-chip stocks, have surpassed their respective benchmarks. The Nippon India Large Cap Fund is one of the top performers, exceeding the BSE 100 Total Return Index with a return of 19.22% compared to 17.16%. With an outstanding return of 19.47%, the ICICI Prudential…
Source: Live Mint The half-year ended (H1FY25) earnings of recently listed Waaree Energies Ltd, the largest solar module manufacturer in India, came as a rude shock to investors. The stock fell 10.5% since results were announced on 18 November. Its maiden result, post listing, showed that in H1FY25, consolidated revenue grew a mere 2% year-on-year…
Source: Live Mint City Gas Distribution (CGD) stocks—including Indraprastha Gas (IGL), Mahanagar Gas (MAHGL), and Gujarat Gas—have dropped between 23% and 43% over the past three months due to several challenges. These issues include a significant reduction in the availability of the cheapest gas under the domestic administered price mechanism (APM), regulatory plans for third-party…
Source: Live Mint The Reserve Bank of India (RBI) had extended the transaction limit from ₹5,000 to ₹10,000 for UPI 123Pay on October 9. As a follow up, National Payments Corporation of India (NPCI) has issued a circular telling the members (including banks and service providers) to ensure that the new limits are adhered to….
Source: Live Mint Visitors to the ongoing International Trade Fair 2024 at Delhi’s Pragati Maidan can use several beneficial Income tax services at the Taxpayers’ Lounge, specifically designed to offer professional support for various tax-related concerns. To assist taxpayers in navigating their obligations and addressing their problems, the following services are offered: Aadhaar-PAN linking, PAN-related…
Source: Live Mint Stock market today: Indian stock market benchmarks- the Sensex and the Nifty 50- plunged by a per cent each in morning trade on Thursday, November 21, amid weak global cues. The domestic market witnessed a broad selloff as mid and small-cap segments also suffered losses. The overall market capitalisation (m-cap) of BSE-listed…
Source: Live Mint Microsoft-backed OpenAI is no stranger to lawsuits. The soaring reach of its large language model (LLM)-based chatbot, ChatGPT, has continually rattled media houses, artists, and content creators across the world, prompting them to initiate legal action for copyright infringement. They argue that OpenAI is illegally scraping their high-quality and original data to…
