The FinTech Hub
Source: Live Mint Life insurance policies that also promise guaranteed income entice people with claims such as: “Pay ₹1 lakh for 10 years and get ₹22 lakh lump sum after 20 years”, or “pay ₹1 lakh for 12 years and start getting ₹2 lakh from the 14th year onwards for the following 12 years”. A…
Source: Live Mint I am the promoter of a Belgian company, and I’ve been a Belgian citizen for many years now. I’m planning to retire in India next year. Before coming to India, the company’s operations will cease. I have been advised that for the first year, I will be treated as RNOR (resident but…
Source: Live Mint Expert View- Indian stock market valuations are considerably above their own historical average and versus Asian peers, said Abhiram Eleswarapu, Head of Equities, BNP Paribas talking to Mint. There is a high level of optimism as reflected in the strong domestic flows into equities and the interest in IPOs. Therefore Abhiram thinks…
Source: Live Mint On Monday, the Nifty Metal index increased by almost 2%, marking its seventh consecutive session of gains, driven by sharp uptick in global metal prices, particularly following China’s intended stimulus aimed at strengthening its economy. Metal stocks were skyrocketing in an otherwise volatile and sluggish market on Monday’s trade. At 12:30 IST,…
Source: Live Mint Are you interested in buying government securities and bonds? If yes, you can buy them on RBI Direct Retail app or portal. For the unversed, RBI direct retail scheme was launched in Nov 2021, which enables investment in government securities by individual investors. Under this scheme, investors can open a Gilt Securities Account —…
Source: Live Mint Indian auto stocks have made a strong comeback in recent sessions, following a period of significant underperformance throughout August and early September. The recent rally has been largely driven by two-wheeler stocks, buoyed by expectations of improvement in sales during the ongoing festive season and good rainfall across India. Amid the recent…
Source: Live Mint If you are staring at an urgent financial need at present, or have something urgent lined up in the near future, what you can do – among other things – is to raise a ‘personal loan’. For the uninitiated, a personal loan is an unsecured loan offered by a financial institution i.e.,…
Source: Live Mint Tax audit extension: The Central Board of Direct Taxes (CBDT) has extended the due date for submitting income tax audit reports for the Assessment Year 2024-25 by seven days to October 7, 2024, citing technical issues on the e-filing portal. CBDT announced the deadline extension on September 29, a day before the…
Source: Live Mint However, this “pain” is self-inflicted because, as of the latest reporting period, it holds nearly 17% of assets under management (AUM) as cash (money market). The only mutual fund with a higher cash allocation is Quant Mutual Fund, which holds 19% of the total AUM in cash. For PPFAS, the significant cash…
Source: Live Mint If you are planning to procure a credit card and are too overwhelmed with the countless number of calls and messages from the banks claiming that the card is free of charge — then you need to think again. The credit card could be free at the outset, but it is likely to…
