The FinTech Hub
Source: Live Mint Small and medium real estate investment trust Property Shares, on Friday, filed its draft papers with markets regulator Securities and Exchange Board of India (SEBI) for ₹353 crore initial public offerings (IPO). The proceeds from the offer are planned to be used mainly for acquiring the Prestige Tech Platina asset by the…
Source: Live Mint Bombay Stock Exchange (BSE), on Friday, revised the transaction fees for Sensex and Bankex options contracts in the equity derivatives segment to ₹3,250 per crore of premium turnover. The revised rate will take effect from Tuesday, October 1. Meanwhile, the transaction charges for other contracts in the equity derivatives segment will remain…
Source: Live Mint Top Gainers and Losers Today : **Market Overview: Top Gainers and Losers Today** The Nifty index concluded the trading session at 26,216.05, reflecting a decrease of 0.14%. During the day, it reached a peak of 26,277.35 and a low of 26,151.4. Similarly, the Sensex fluctuated between 85,978.25 and 85,474.58, ultimately closing 0.31%…
Source: Live Mint State-run SJVN’s shares surged by almost 5 per cent on Friday following the company’s announcement to exchanges about securing two MoUs with the Maharashtra government for power project development. The estimated total investment for these projects is around ₹48,000 crore. The Navratna CPSE announced today that it has entered into two Memorandums…
Source: Live Mint No one doubts that artificial intelligence (AI) will change the world. But a doctrinal dispute continues to rage over the design of AI models, namely whether the software should be “closed-source” or “open-source”—in other words, whether code is proprietary, or public and open to modification by anyone. Some argue that open-source AI…
Source: Live Mint The Bombay High Court has recently held that employees cannot be penalised for employer’s failure to deposit tax deducted (TDS) from salary. “The object and purpose behind the provision is to the effect that when an obligation to deposit the tax as in the present case, is on the employer and if the…
Source: Live Mint A personal loan is a financial tool that allows individuals to borrow money from a bank or financial institution with the obligation to repay it within a specified timeframe. The borrowed amount is paid back in instalments, known as EMIs, along with the agreed-upon interest. Personal loans typically require no collateral and…
Source: Live Mint The capital markets regulator Securities and Exchange Board of India (Sebi) has cut down on the timeline for listing of debt securities and non-convertible redeemable preference shares (NCRPS) to T+3 working days from the current T+6 redeemable working days. Initially, it will be introduced as an option to issuers for a period of one…
Source: Live Mint The major e-commerce players have announced festive sales. It is that time of the year when you can get the biggest discount offers on most categories, along with other benefits. You can further enhance your benefits with your credit cards. When used correctly during the festive season, credit cards can give you…
Source: Live Mint Shares of Bharat Petroleum Corporation (BPCL) jumped approximately 7 percent, reaching a new all-time high of ₹370.50 on the NSE, fueled by strong trading activity. By midday, a total of three crore shares had been traded on both the BSE and NSE combined, significantly surpassing the one-month average trading volume of one…
