The FinTech Hub
Source: Live Mint Concrete equipment manufacturer Ajax Engineering, backed by Kedaara Capital, mobilised more than ₹379 crore from anchor investors days before its initial share-sale opening for public subscription. The anchor investors who have been allocated the shares are SBI Mutual Fund (MF), Axis MF, HSBC MF, Edelweiss MF, ITI MF, Amundi Funds New Silk…
Source: Live Mint Amazon, one of Wall Street’s most influential companies, topped analysts’ expectations for earnings at the end of 2024, but its stock nevertheless fell 4%. Investors focused instead on its forecast for upcoming revenue, which fell short of analysts’ expectations. Amazon.com dipped 3.7% due to weakness in the retailer’s cloud computing unit, Amazon…
Source: Live Mint In Budget 2025, Finance Minister Nirmala Sitharaman revised the income slabs under the new tax regime, thus offering relief to the middle-class taxpayers. Now, there is no income tax payable for those earning up to ₹12 lakh. However, if you have seen the tax slabs, you must have noticed that there is…
Source: Live Mint State-owned hydro power giant NHPC on Friday reported a 47 per cent decline in consolidated net profit to ₹330.13 crore in the December quarter primarily due to higher expenses. The company had posted a profit of ₹623.28 crore in the year-ago period, a BSE filing showed. Total expenses rose to ₹2,217.51 crore…
Source: Live Mint You and I and everyone else is chronically online. Kittens and puppy videos are so basic, we share cringe content with our besties. So when Bollywood realises that the cop uniform on every actor is no longer working for anyone, they run Southwards. This time to Tamil cinema to borrow a love…
Source: Live Mint A FICO score is a credit risk measurement tool. It is developed by Fair Isaac Corporation. It is a tool which summarizes an individual’s repayment behavior and it is primarily based on their credit history. It is important to acknowledge that the FICO score is not used extensively in India like the…
Source: Live Mint The Monetary Policy Committee (MPC) of the Reserve Bank of India, led by Governor Sanjay Malhotra, has proposed a new repo rate of 6.25%. The new rate is likely to spur demand for retail loans, which should further boost liquidity in the economy, and therefore encourage consumption and boost economic growth. The…
Source: Live Mint Managing your spending through credit cards remains useful but you should regularly check transactions to dodge unnecessary fees. Among the terminology on your credit card account stands “unbilled amount.” Your unbilled expenses impact your total spending level even though you have not received a formal invoice for these items. They also affect…
Source: Live Mint Personal loans are opted for by those who want funds for diverse needs without the need for collateral. While getting a personal loan, borrowers mostly look for interest rates, EMI payments, and the tenure of the loan to estimate how it would impact their finances. Keeping these points in mind helps the…
Source: Live Mint The US Federal Reserve and the Office of the Comptroller of the Currency – the nation’s top banking regulators — will soon loosen their tough stance when it comes to digital assets now that President Trump has fully embraced the industry, On The Money has learned. Officials at the nation’s top banks,…
