The FinTech Hub
Source: Live Mint I’m planning to return to India after working abroad for 35 years. I have some FCNR deposits. I have been advised to convert them to RFC deposits upon my return. Like FCNR deposit interest, is RFC deposit interest also tax free?—Name withheld on request Returning Indians have the option to convert their…
Source: Live Mint Information technology (IT) services companies will likely report muted revenue growth at four to six per cent in the current fiscal year 2024-25 (FY25) for a second consecutive year. Despite the challenges, domestic credit rating agency ICRA projects the sector’s operating profit margin (OPM) to remain healthy at ~22 per cent in…
Source: Live Mint Action Construction Equipment Share Price Today: Shares of Action Construction Equipment Ltd snapped their four-day losing streak on Tuesday, September 10, after receiving new work orders from the Ministry of Defence. The midcap construction machinery manufacturing company’s stock price has risen nearly 76 per cent in the last one year on growth…
Source: Live Mint US stocks were mixed on Tuesday ahead of key inflation data later this week. The latest data could provide clues on the size of the expected interest rate cut by the Federal Reserve on September 18. As of 9:40 a.m. Eastern time, the Dow Jones Industrial Average was down less than 0.1…
Source: Live Mint Ventive Hospitality, a company specializing in luxury assets within both business and leisure segments, has submitted its draft red herring prospectus to the market regulator SEBI, seeking to raise funds through an IPO. The company’s IPO includes a fresh equity issuance of up to ₹2,000 crore, with a face value of ₹1….
Source: Live Mint The Toronto International Film Festival expects to generate seven times more sales of movies, television series and video-game projects within the next five years, after launching a market to facilitate such transactions. Unlike the Cannes and Berlin film festivals, which have programs and areas dedicated to selling new projects, the Toronto event…
Source: Live Mint Latest Market News Today Live Updates: Catch today’s market wrap-up! Track Nifty 50 and Sensex movements, along with top gainers and losers. See how Asian and US markets fared and which sectors led the charge (or declined). Summary: Follow Mint’s market blog for real-time updates on your favourite companies. This blog keeps…
Source: Live Mint Oracle Corp. shares reached an all-time high following the company’s announcement of profits and bookings that exceeded expectations, indicating that the growing demand for artificial intelligence is driving growth in its cloud computing sector. On Tuesday morning in New York, the shares surged up to 15 per cent, reaching a record intraday…
Source: Live Mint Reliance Industries, on Tuesday, announced that it has set September 20 as the last date for paying call money on partly paid shares, according to a report by CNBC-TV18. It was further reported that the failure to pay call money on partly paid shares by September 20 will result in forfeiture and…
Source: Live Mint Oil crashes to 33-month low after OPEC+ slashes demand forecasts, Brent sinks below $70 for first time since Dec 2021 Brent crude futures were down $2.33, or 3.24 per cent, at $69.51 a barrel. Source: Ding Jianzhou/Imaginechina via Bloomberg News First Published:10 Sep 2024, 09:43 PM IST Read Full Article
