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Source: Live Mint The changes could also have some implications for India-based employees of Switzerland-headquartered companies, freelancers working for Swiss companies, and people settled in India but earning a pension from Switzerland. Mint breaks down the impact of the development. Investors and employees with stock options Switzerland’s suspension of the MFN status for India will…
Source: Live Mint The FMCG sector faced a turbulent 2024, marked by considerable volatility. The year started on a weak note, with the sector declining by approximately 9% from January to March, as subdued rural demand and broader macroeconomic challenges weighed heavily on its performance. From mid-April to September, the index rebounded sharply, gaining around…
Source: Live Mint New Delhi, Dec 18 (PTI) Retirement fund body EPFO has extended time till January 31, 2025 for employers to upload wage details etc regarding 3.1 lakh pending applications for pension on higher wages. An online facility was made available by EPFO for submitting applications for validation of options/joint options for pension on…
Source: Live Mint Sanathan Textiles IPO: The initial public offering (IPO) of polyester yarn manufacturer Sanathan Textiles Ltd is set to hit Dalal Street on Thursday. The ₹550-crore worth Sanathan Textiles IPO will remain open for bidding till December 23. Sanathan Textiles’ business is divided into three separate yarn business verticals, consisting of polyester yarn…
Source: Live Mint The reliance of urban poor households on informal credit systems remains a significant challenge in the journey toward financial inclusion. Despite advancements in formal banking services, over 50% of urban poor households in India continue to rely on informal credit sources, contributing to an unorganised lending market estimated at nearly $100 billion….
Source: Live Mint Credit cards are dime a dozen these days with banks focusing on specific categories that include grocery, shopping, travel, dining, cashbacks and reward points to woo customers. How about credit cards for women? Banks are offering credit cards that are designed exclusively for women customers now. In addition to ‘HDFC Solitaire Credit…
Source: Live Mint In 2020, Yes Bank’s share price plummeted following an RBI crackdown on its mounting bad loans. The central bank intervened, took over the lender, and initiated its reconstruction. This sparked a series of major decisions that not only made the stock highly volatile but also a favourite among traders and short-term investors,…
Source: Live Mint If you fall short of funds and urgently need money for an unanticipated event, then one of the most feasible options is to avail a personal loan. Although most banks and financial institutions typically require borrowers to submit necessary documents before they give an approval on the case, some mobile lending apps…
Source: Live Mint IPO GMP: The initial public offering (IPO) of Inventurus Knowledge Solutions concluded on Monday, December 16, with a solid subscription of 52.68 times, with investors bidding for 54,61,01,853 shares against 1,03,66,780 shares offered. The retail investor portion was subscribed 14.55 times, the QIB portion was booked 80.64 times, and the segment reserved…
Source: Live Mint The National Payments Corporation of India (NPCI) has sounded the alarm about a growing threat to digital payment users: the “Digital Arrest” scam. This scheme involves cybercriminals impersonating government officials to intimidate individuals into transferring money or disclosing sensitive information. NPCI has provided detailed guidance on how to recognize and avoid falling…
