The FinTech Hub
Source: Live Mint Under what circumstances a tenant whose landlord is a non-resident Indian (NRI) can apply for a reduction in tax deducted at source (TDS) on rent and what are the documents needed to support the application? Tax must be deducted at the rate of 30% (plus applicable surcharge and cess) on the rent…
Source: Live Mint It has been a tumultuous year for India’s stock markets. After touching peaks, the markets experienced a significant correction in 2024. While recent declines have tempered early optimism, overvaluation concerns persist, particularly in certain sectors. The shift in global sentiment, with foreign investors turning to China, has added to the woes. However,…
Source: Live Mint Why is Pushpa locked away in a red sandalwood shipping container for 40 days with just a book (instead of Duolingo) in Japan? Why do Japanese goons have guns? Was that first fight at Yokohama port only staged so that Pushpa could say, ‘I’ve gone international’? Why is there no connection to…
Source: Live Mint IPO News Today Live Updates: Navigate the dynamic world of initial public offerings with our dedicated IPO News section. Here, we bring you the latest updates on companies stepping into the public market, offering insights into their financial strategies, valuation, and market reception. Whether you’re an investor looking for new opportunities or…
Source: Live Mint Understanding the MTF In an MTF arrangement, the broker essentially provides a loan to purchase securities. The investor pays an initial margin, a percentage of the transaction value, while the broker finances the remainder. The broker holds the units as security and charges interest. Taxability of MTF transaction gains The nature of…
Source: Live Mint Stock Market News: The domestic benchmark indices, Nifty 50 and Sensex, capped off their best week since June on Friday, primarily driven by gains in the financial sector. This surge came after the central bank’s decision to reduce the cash reserve ratio (CRR) that banks are mandated to maintain, which has effectively…
Source: Live Mint The Reserve Bank of India’s (RBI) on December 6 kept the benchmark repo rate unchanged at 6.5% for the eleventh straight meeting, and maintained the monetary policy stance ‘Neutral’. The six-member Monetary Policy Committee (MPC) led by RBI Governor Shaktikanta Das decided to remain unambiguously focused on a durable alignment of inflation…
Source: Live Mint The Indian stock market benchmark indices, Sensex and Nifty 50, extended their rally for the third consecutive week, ending December 6 with their largest weekly gains in six months. The uptrend was driven by positive momentum in global markets and an RBI policy announcement that aligned with market expectations. The Sensex jumped…
Source: Live Mint The Indian stock market’s sentiment turned positive after logging its best week in the last six months, driven by the Reserve Bank of India (RBI)’s liquidity boost and the return of foreign capital inflow just before year-end. In the second week of December, investors will closely monitor key market triggers, including domestic…
Source: Live Mint Small-cap stocks to buy under ₹100: Following the profit-booking trigger on Wall Street at record higher levels, the Indian stock market ended lower on Friday. The Nifty 50 index went off 30 points and closed at the 24,677 mark; the BSE Sensex shed 117 points and finished at 81,648, whereas the Nifty…
