The FinTech Hub
Source: Live Mint Protean eGov Technologies OFS: NSE Investments is set to divest up to 20.3 per cent of its stake in Protean eGov Technologies, through an offer for sale (OFS). According to an announcement by the National Stock Exchange (NSE)’s unit on Thursday, November 21, the Mumbai-based e-governance solutions provider’s share sale has set…
Source: Live Mint Picture this: you’re browsing your favourite online store when you spot a great deal and make a quick purchase. Days later, a different product arrives. The platform assures you that the right product will be delivered soon, but weeks pass without an update. You reach out to the seller, but your emails…
Source: Live Mint Belrise Industries Limited has submitted its Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) on Tuesday, November 19. The company aims to raise ₹2,150 crore through a book-built initial public offering (IPO), which comprises a fresh issue of equity shares with a face value of ₹5…
Source: Live Mint The Indian market offers diverse avenues for portfolio diversification, including alternative investments such as portfolio management services (PMS) and alternate investment funds (AIFs). Equity investments, for instance, have delivered an impressive average annual return of 15% over the past five years, outperforming most major economies. Mutual funds also remain a popular choice,…
Source: Live Mint Aimed at the users in the high-income bracket, Yes Bank offers Marquee Credit Card with numerous features and benefits. Both salaried and self employed can apply for this card. The minimum net salary that one should earn is ₹3 lakh per month or a minimum income tax return of ₹24 lakhs. The…
Source: Live Mint IPO Update: Kolkata-based Crizac has refiled papers with market regulator Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The IPO, which has a face value of ₹2 per equity share, is entirely an offer for sale amounting to up to ₹1,000 crore by the selling shareholders who…
Source: Live Mint If I come down with a high fever while abroad, can I claim this under my travel insurance plan? What if I am not hospitalised and the entire treatment happens at an OPD (outpatient department)? Can I include X-rays, doctor consultation and medicines in my claim? – Name withheld on request Most…
Source: Live Mint C2C Advanced Systems IPO will open for subscription on Friday, November 22, and close on Tuesday, November 26. C2C Advanced Systems IPO price has been fixed in the range of ₹214 to ₹226 per equity share of face value of ₹10 each. Bids can be made for a minimum of 600 equity…
Source: Live Mint People often receive spam messages and calls from bank customer care services, but what should they do when they start receiving updates about an unknown bank account number on their phones? In such cases, the State Bank of India has advised people to contact the bank immediately and share the details of…
Source: Live Mint If you are planning to raise a floating rate loan such as home loan, it is vital to know the MCLR rates which the banks are currently charging. Banks typically link their rates to marginal cost of funds-based lending rates (or MCLR) which plays a key factor in determining interest rates for…
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