The FinTech Hub
Source: Live Mint Gold Rate and Silver Price Today on February 9, 2025: Gold prices experienced a modest increase on Sunday. The cost of 24 carat gold in India is Rs.8684.3 per gram, reflecting an increase of ₹ 170.0. The cost of 22 carat gold in India is 7962.3 per gram, a rise of ₹160.0….
Source: Live Mint Following the Bhartiya Janata Party’s (BJP) impressive win in the 2025 Delhi Assembly Elections, the Indian stock market is expected to respond positively when trading resumes on Monday. Market experts suggest that after the 2024 Lok Sabha Elections, some doubts had surfaced regarding ‘Brand Modi,’ but these concerns are likely to be…
Source: Live Mint There is no denying the fact that Unified Payment Interface (UPI) has become quite pervasive and it is relied upon for most sundry transactions. In the past few years, most youngsters have switched from debit and credit cards to digital payments via UPI. The latest NPCI data suggests that UPI achieved a…
Source: Live Mint After Cabinet cleared it, the new income tax bill is set to be tabled in Parliament next week. The new bill is expected to reduce the number of sections by 25-30 percent to make the law simpler and more concise, Business Standard reported quoting an official without naming him/her. Even the provisos…
Source: Live Mint The primary market to be back in action with nine new initial public offerings (IPO) set to open for subscription next week. Apart from new public issues, the market will also witness six new listings in the upcoming week. In the mainboard segment, Ajax Engineering IPO , Hexaware Technologies IPO, and Quality…
Source: Live Mint However, the relaxations have reduced the tax advantages of equity investments for small and medium investors, especially those with annual incomes of up to ₹24 lakh. Historically, investors often chose equity investments like arbitrage funds and hybrid funds like balanced advantage funds for their preferential tax treatment compared to regular income. The…
Source: Live Mint The Q3 FY25 earnings season, which kicked off in January, has nearly come to an end. However, around 108 companies are set to declare their financial results for the December quarter next week. Eicher Motors, Nykaa, Hindalco, Patanjali Foods, Varun Beverages, IRCTC, Lupin, Vodafone Idea, Ashok Leyland, Hindustan Aeronautics (HAL), Honasa Consumer,…
Source: Live Mint Travel tech unicorn OYO recorded a profit after tax (PAT) of ₹166 crore in the third quarter ended December, up nearly six times from ₹25 crore in the year-ago period, sources said. The company’s revenue in the third quarter rose to ₹1,695 crore, growing almost 31 per cent from ₹1,296 crore a…
Source: Live Mint As Reserve Bank of India (RBI) has cut down repo rate by 50 basis points on Friday, triggering a rate cut cycle. Now, there is an expectation that banks would bring down the fixed deposit (FD) interest rates sooner than later. So, this could be your last chance to lock your savings…
Source: Live Mint Private lending major HDFC Bank has increased its Marginal Cost of Funds-based Lending Rate (MCLR) for the overnight tenure by 5 bps from 9.15 per cent to 9.20 per cent. This is effective from February 7, 2025, according to the bank’s website. Rates for all other tenures are unchanged. Overall, HDFC Bank’s…
