The FinTech Hub
Source: Live Mint Capital markets regulator Securities and Exchange Board of India (SEBI) tightened the rules for equity derivatives trading on Tuesday, October 1, raising the entry barrier and making it more costly to trade in the asset class, despite pushback from investors. SEBI lowered the number of weekly options contracts available to trade for…
Source: Live Mint A Cash Deposit Machine or Automated Deposit-cum- Withdrawal Machine (ADWM) — is an ATM-like machine that enables depositors to deposit cash into their accounts using the ATM-cum-debit card. One can use this machine to immediately credit their account without visiting the branch. The transaction receipt gives an updated account balance. Meanwhile, it…
Source: Live Mint How many Securities and Exchange Commission chairs can you name? Even in Washington it is hard to imagine a passer-by being able to come up with more than one. Perhaps the best known is Joe Kennedy, the sec’s first chairman, who took office during the Depression when Americans had lost faith in…
Source: Live Mint Certain life situations, such as employment gaps or emergencies like the COVID-19 pandemic, can create significant financial stress. This can be especially challenging for those motivated to pursue new ventures, such as starting a filmmaking project, only to be held back by financial concerns. Unexpected expenses can further complicate matters. When considering…
Source: Live Mint The allotment for Sahasra Electronics IPO is expected to be finalised today. Investors can check their allotment status through the registrar, Bigshare Services, or on the NSE website. The IPO, which was open for subscription from September 26 to September 30, saw a healthy response from investors, being oversubscribed by 122 times….
Source: Live Mint Right outside Fernandes’s home is a poster of a woman who passed away recently. It grabs his attention each time he opens his gate. His eyes are then drawn to one of his favourite possessions, his bicycle, long unused, which reminds him of happier days. Now, he can barely pick up his…
Source: Live Mint The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) fell to an eight-month low of 56.5 in September from 57.5 in August. A reading of 50 separates expansion from contraction. With manufacturing growth softening throughout the September quarter, the average PMI reading slipped to its lowest since the December quarter, said…
Source: Live Mint Your time is invaluable, and calculating your personal loan’s EMI shouldn’t consume it. Say goodbye to lengthy calculations and embrace the convenience of an EMI calculator. But what exactly is an EMI calculator? It’s an online tool designed to help you calculate your Equated Monthly Instalment (EMI) quickly and accurately. How does…
Source: Live Mint Union Finance Minister Nirmala Sitharaman announced income tax changes in the Union Budget 2024, with certain updates scheduled to take effect from October 1. These crucial proposals, approved in the Finance Bill, include revised TDS rates that will be implemented on that date. What is Tax Deducted at Source (TDS)? TDS is…
Source: Live Mint Bharat Forge Ltd’s growth engine appears to be chugging along, though not without a few bumps. While its defence business is on a good footing, the auto segments, particularly overseas, are fighting an uphill battle. Bharat Forge’s defence segment has an impressive order backlog of ₹5,400 crore in exports, offering earnings visibility…
