The FinTech Hub
Source: Live Mint But first, what’s a portfolio investment scheme? It’s an arrangement introduced by the Reserve Bank of India to enable NRIs to invest in the stocks of Indian companies, and allows for both repatriation and non-repatriation of profits. But there are differences in PIS and non-PIS accounts that you need to consider before…
Source: Live Mint Buy or sell stocks: Following fears of a slowdown in the US labour market and US inflation, the Indian stock market ended lower for the third straight session on Friday. The Nifty 50 index lost 292 points and closed at 24,852, the BSE Sensex lost 1,017 points and closed at 81,183, whereas…
Source: Live Mint Unlike his competitors, Dikec eschewed any specialised equipment – such as noise-cancelling ear protectors, special lenses to enhance precision and prevent blurring, or even a hat. Yet, he and his teammate won silver, and took social media by storm. “SWAG. This man just explained the meaning of the term to us, “Anand…
Source: Live Mint HDFC Bank has revised its Marginal Cost of Lending-based interest rates (MCLR) with effect from Saturday i.e., September 7. Now, the MCLR based lending rates will be in the range of 9.10 to 9.45 percent per annum. However, only MCLR for 3-month tenure has been raised by 5 basis points. The rates…
Source: Live Mint The Ministry of Finance has issued updated guidelines for regularising irregular accounts across various National Small Savings Schemes. The guidelines cover a range of irregular accounts, including those under NSS-87, PPF for minors, and Sukanya Samriddhi schemes. All post offices and financial institutions must adhere to these new procedures to ensure proper…
Source: Live Mint Gala Precision Engineering IPO: The listing date of the initial public offering (IPO) of Gala Precision Engineering Limited has been declared. According to BSE, effective from Monday, September 9, 2024, the equity shares of Gala Precision Engineering Limited shall be listed and admitted to dealings on the Indian exchanges (BSE and NSE)…
Source: Live Mint Billionaire Elon Musk revived a lawsuit against OpenAI, giving rise to the six-year-old dispute that started with a power struggle at the San Francisco-based start-up, reported the New York Times on Monday, August 5. The new lawsuit, filed on Monday in a Northern Californian federal court, claimed that OpenAI and two of…
Source: Live Mint There are a number of learnings which we happen to imbibe from our mentors and they stay with us for many years to come. Even legends like Warren Buffett owe a major chunk of their success to their mentors and gurus. Buffett often says that his mentor and professor at Columbia University – Benjamin…
Source: Live Mint Shree Tirupati Balajee IPO: The initial public offer (IPO) of Shree Tirupati Balajee Agro Trading Company Limited hit the Indian primary market on 5th September 2024, i.e. on Thursday last week. According to the Shree Tirupati Balajee IPO subscription status, the public issue received a strong response from investors in the first…
Source: Live Mint Sam Altman’s OpenAI has raised concerns about the potential emotional attachment users may develop with its recently launched Voice Mode feature for ChatGPT. This warning was detailed in the company’s “System Card” for GPT-4o, a comprehensive document that examines the potential risks and safeguards associated with the AI model. Among the various…
