The FinTech Hub
Source: Live Mint (Bloomberg) — Things are going from bad to worse for London’s IPO market, where less money has been raised this year than on some tiny frontier venues. Fundraising from London initial public offerings has declined about 9% this year to $1 billion, pushing the UK four spots lower to 20th place in a…
Source: Live Mint I am a NRI and PIO. On December 15, I purchased two residential properties, which were paid for through my NRE account. What are the tax implications when I sell these properties? How can I remit the money outside India in foreign exchange (dollars)? What is the rate at which I would…
Source: Live Mint Stock in focus: Shares of NTPC Green Energy Limited (NGEL) gained momentum after its subsidiary, NTPC Renewable Energy Limited (REL), secured a significant contract in an e-reverse auction conducted by the Solar Energy Corporation of India (SECI), the company announced in an exchange filing. The announcement positively impacted NGEL’s share price, which…
Source: Live Mint Indian taxpayers can now apply for a reprint of their PAN card for a nominal fee of ₹50, according to PAN 2.0 guidelines. The reprinted PAN card, which includes a QR code, will be dispatched to the applicant’s registered email address, and the physical copy will be sent to their address. This…
Source: Live Mint Asian Paints share price will be in focus on Wednesday after the state-run insurance giant Life Insurance Corporation of India (LIC) raised its stake in the company, LIC announced that it has increased its investment in Asian Paints to 7% through open market purchases, at an average cost of ₹2,891.25 per share…
Source: Live Mint Wipro Share Price Today Live Updates : On the last trading day, Wipro’s stock opened at ₹306.9 and closed at ₹304.15, reflecting a slight decline. The stock reached a high of ₹310.35 and a low of ₹303.4 during the day. With a market capitalization of ₹322,218.3 crore, Wipro’s shares traded a volume…
Source: Live Mint Mobikwik IPO: The initial public offering (IPO) of One Mobikwik Systems Limited has hit the Indian primary market today. Bidding for the public issue will begin from 10:00 AM today and remain open until 5:00 PM on 13th December 2024. The fintech company has fixed the Mobikwik IPO price band at ₹265…
Source: Live Mint Taxes can hurt, but one can be smart about them. One of the many ways to save taxes is to create a family unit and pool assets to form a Hindu Undivided Family (HUF). An HUF has its own permanent account number (PAN) and files tax returns independently of its members. “Think…
Source: Live Mint Nifty 50 on 10 December: Recap On 10 December, Indian stock market benchmarks, the Sensex and Nifty 50, ended the session flat, with limited overall gains. However, stock-specific action kept market participants engaged. The realty sector stood out, advancing over 1%, while IT and PSU banks also contributed to the gains. On…
Source: Live Mint Stock market today: In anticipation of key domestic and US inflation data set to be released later this week, the domestic benchmark indices, Sensex and Nifty 50, exhibited a mixed performance, trading flat to slightly negative. While early gains in IT and financial stocks showed promise, the overall index faced some challenges…
