The FinTech Hub
Source: Live Mint Wockhardt on Saturday, September 7, refuted all allegations levelled by Congress that it made rental payments to Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch through its affiliate Carol Info Service. The company also denied any connection with the orders passed by the capital market regulator in connection to…
Source: Live Mint Have you ever wondered what can you do if you want to open a fixed deposit account but do not have access to a large sum. Is this possible to accumulate the deposit money in tranches? Well, Bank of Baroda offers systematic deposit plan (SDP) to those depositors who want to start…
Source: Live Mint The internet provided not only the images, but also the resources for labelling them. Once search engines had delivered pictures of what they took to be dogs, cats, chairs or whatever, these images were inspected and annotated by humans recruited through Mechanical Turk, a crowdsourcing service provided by Amazon which allows people…
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…
