The FinTech Hub
Source: Live Mint My 66-year-old aunt, who is still working at a private school, received ₹18 lakh last year from the sale of our ancestral property. She doesn’t need this amount for three to five years. Could you suggest the best investment options for her to ensure the growth and safety of her funds? -Name…
Source: Live Mint The subscription period for the Inventurus Knowledge Solutions IPO, backed by Rekha Jhunjhunwala, is set to start on Thursday, December 12, and will conclude on Monday, December 16. The allocation for anchor investors in the Inventurus Knowledge Solutions IPO is planned for Wednesday, December 11. The price band for the Inventurus Knowledge…
Source: Live Mint Premium credit cards are offered by banks to high net worth individuals and also to their old loyal customers. These credit cards offer exclusive and luxurious benefits unlike any other regular credit card. Although the joining fee as well as the annual fee of these credit cards is skyrocketing, theyprovide you with…
Source: Live Mint Indian stock market regulator, the Securities and Exchanges Board of India (SEBI) announced that the Optional T+0 settlement will now be available to the top 500 stocks, according to an official circular released on Tuesday, December 10. “Optional T+0 settlement cycle shall be made available to top 500 scrips in terms of…
Source: Live Mint Credit score is a three digit score which is given to you by credit bureaus which acts as a reflection of your credit profile and your creditworthiness to your creditors. Multiple loan inquiries to different creditors can negatively affect credit score. As a result, when you need the credit, you may not…
Source: Live Mint Financial freedom is extremely important in every individual’s life. Loans and credit cards are some of the popular options for people who are in need of quick cash to cover their finances for a while. However, both of these credit options have a mandatory application process which is first assessed by lenders…
Source: Live Mint LIC Shareholding: Life Insurance Corporation of India (LIC) raised its stake in blue-chip firm Asian Paints to 7 per cent, the insurer informed via an exchange filing on Tuesday, December 10. LIC, India’s biggest domestic institutional investor (DII), held a 6.6 per cent stake in the paints manufacturer at the end of…
Source: Live Mint The income tax department carefully monitors high-value cash transactions, so taxpayers should exercise caution when engaging in them. Section 269ST of the Income Tax Act prohibits receiving cash payments of ₹2 lakh or more in a single day for a single transaction or related transactions on a single occasion. If this limit…
Source: Live Mint We have been talking about the Reserve Bank of India (RBI) easing interest rates for quite some time. The question now is: what is the appropriate time for the RBI to initiate this? The latest meeting of the central bank’s Monetary Policy Committee (MPC) was on 6 December. Earlier, there were expectations…
Source: Live Mint Stock market today: Indian stock market benchmarks- the Sensex and the Nifty 50- ended flat on Tuesday, December 10, as gains in shares of select heavyweights, such as Infosys, ICICI Bank and SBI, were offset by losses in those of Reliance Industries, Bharti Airtel and Larsen and Toubro (L&T). The Sensex closed…
