The FinTech Hub
Source: Live Mint Gold prices in India fell by ₹1,300 to touch ₹81,100 per 10 grams in Delhi on Monday, November 4, after stockists and retailers made a fresh sale of the commodity, PTI reported quoting the All India Sarafa Association. The yellow metal of 99.9 per cent purity traded flat at ₹82,400 per 10…
Source: Live Mint The Securities and Exchange Board of India (Sebi) has permitted mutual funds (MFs) to invest in overseas mutual funds or unit trusts that invest a portion of their assets in Indian securities. Through this regulation, Sebi aims to ease investments in overseas mutual funds and bring transparency to investments. “In order to…
Source: Live Mint Bata India Limited announced its July to September quarter results on Monday, November 4. The company recorded a 52.89 per cent rise in net profits in the second quarter to ₹51.97 crore, compared to ₹33.99 crore in the same quarter the previous year, according to the company’s BSE filing on Monday. Bata…
Source: Live Mint The Securities and Exchange Board of India (SEBI) on Monday cautioned investors about virtual trading and gaming platforms that provide trading advice based on stock prices. “It has come to the notice of the Securities and Exchange Board of India that some apps/web applications/platforms are offering virtual trading services or paper trading…
Source: Live Mint ACME Solar Holdings IPO: ACME Solar IPO opens for subscription on Wednesday, November 6. The declining grey market premium indicates weakening investor interest towards the public issue. ACME Solar Holdings IPO GMP or grey market premium that stood at ₹30 on Friday has declined to Nil on Monday. This indicates that shares…
Source: Live Mint I have been a non-resident Indian (NRI) for many years and have invested in Indian stocks using income earned abroad, deposited in my NRE account. In FY25, I sold some shares and made capital gains, but my AD (authorized dealer) banker deducted TDS on the gains. I thought income from NRE accounts…
Source: Live Mint Ranked as the second most expensive country in the cost-of-living index, Iceland offers beauty at a premium. But with some strategic planning and clever spending, the Pune-based couple managed to turn their bucket-list trip into a reality without overshooting their budget. The couple travelled in the shoulder season, booked only Airbnbs so…
Source: Live Mint The US presidential election in 2024 could have a major impact on the outlook for Indian IT service providers. The outcome could lead to changes in trade policies, visa regulations, and the movement of the US dollar—all crucial factors for Indian IT players. Despite headwinds from a demand slowdown and high interest…
Source: Live Mint The proposal mandates asset management companies (AMCs) to allocate funds within 30 days of NFO closure, with a possible 30-day extension upon committee approval. The market regulator’s objective is to enhance transparency and safeguard investor interests by reducing fund idle time and ensuring alignment with stated asset allocations. Why Sebi is setting…
Source: Live Mint Top Gainers and Losers Today : **Top Gainers and Losers Today** The Nifty 50 index concluded the trading session at 24,304.35, reflecting a decline of 1.27%. Throughout the day, the index reached a high of 24,316.75 and fell to a low of 23,816.15. The Sensex experienced a trading range between 79,713.14 and…
