The FinTech Hub
Source: Live Mint Mint takes a close look at Sebi’s decisions and their implications for investors. Faster rights issue with flexibility of allotment to specific investors Sebi has drastically cut the timeline for rights issues to 23 working days from the date of approval by an issuer from the current average of 317 days….
Source: Live Mint Oil prices were little changed on Monday, but posted a 17% loss for the third quarter as fears that a widening conflict in the Middle East could curtail crude supply were overshadowed by waning global demand concerns. Brent crude futures for November delivery, which expired on Monday, fell 21 cents to settle…
Source: Live Mint Capital markets regulator Securities and Exchange Board of India (SEBI) has mandated a new framework for India’s booming equity derivates market and announced sweeping changes to curb the rush in futures and options (F&O) trading. SEBI changes the F&O Game The boring stuff: Options to be paid upfront Option premiums have to…
Source: Live Mint MGL stock check: Shares of city gas distributor (CGD) Mahanagar Gas Ltd (MGL) have rallied 31 per cent in the last three months and outperformed the 30-share BSE Sensex by nearly 22 per cent. In the last three months, MGL has provided 19.93 per cent returns to investors against Nifty 50’s 7.44…
Source: Live Mint Capital markets regulator Securities and Exchange Board of India (SEBI) tightened the rules for equity derivatives trading on Tuesday, October 1, raising the entry barrier and making it more costly to trade in the asset class, despite pushback from investors. SEBI lowered the number of weekly options contracts available to trade for…
Source: Live Mint A Cash Deposit Machine or Automated Deposit-cum- Withdrawal Machine (ADWM) — is an ATM-like machine that enables depositors to deposit cash into their accounts using the ATM-cum-debit card. One can use this machine to immediately credit their account without visiting the branch. The transaction receipt gives an updated account balance. Meanwhile, it…
Source: Live Mint How many Securities and Exchange Commission chairs can you name? Even in Washington it is hard to imagine a passer-by being able to come up with more than one. Perhaps the best known is Joe Kennedy, the sec’s first chairman, who took office during the Depression when Americans had lost faith in…
Source: Live Mint Certain life situations, such as employment gaps or emergencies like the COVID-19 pandemic, can create significant financial stress. This can be especially challenging for those motivated to pursue new ventures, such as starting a filmmaking project, only to be held back by financial concerns. Unexpected expenses can further complicate matters. When considering…
Source: Live Mint The allotment for Sahasra Electronics IPO is expected to be finalised today. Investors can check their allotment status through the registrar, Bigshare Services, or on the NSE website. The IPO, which was open for subscription from September 26 to September 30, saw a healthy response from investors, being oversubscribed by 122 times….
Source: Live Mint Right outside Fernandes’s home is a poster of a woman who passed away recently. It grabs his attention each time he opens his gate. His eyes are then drawn to one of his favourite possessions, his bicycle, long unused, which reminds him of happier days. Now, he can barely pick up his…
