The FinTech Hub
Source: Live Mint In an unfavourable turn of events, inflation measured by the Consumer Price Index (CPI) rose to 3.7% year-on-year in August, up from 3.6% in July, and surpassing Mint’s consensus estimate of 3.5%. Given the generous rainfall seen in August, expectations were that retail inflation would moderate as vegetable prices ease. The unexpected…
Source: Live Mint Can banks charge you a joining fee even before your credit card is activated? They cannot as the credit card account will not be created unless the card is activated. With complaints about banks charging a joining fee even before the card is activated, unsolicited cards being issued and the undue delay…
Source: Live Mint Zomato share price hit its record high level of ₹286.50 apiece in early deals on Friday, extending gains for the seventh straight session. However, Zomato shares cooled off from the high levels and declined over 2%. Zomato stock price has rallied over 7% in one week and has surged more than 50%…
Source: Live Mint Zee Entertainment Enterprises Ltd. (ZEEL) share price rallied over 3% on Friday after the company said it received regulatory approval for the recall of merger with Culver Max Entertainment Pvt Ltd (formerly Sony Pictures Networks India) and Bangla Entertainment Pvt Ltd (BEPL). ZEE shares gained as much as 3.26% to ₹139.15 apiece…
Source: Live Mint Gold prices witnessed significant gains in the morning trade in the domestic futures market on Friday, September 13, tracking positive global cues and weakness in the US dollar. The yellow metal jumped to record highs in international markets as the dollar lost steam driven by optimism for a US Fed interest rate…
Source: Live Mint OpenAI has released a new series of models codenamed o1 with ‘reasoning’ capabilities that are designed to spend more time before responding to users’ queries. The new model is immediately available for use and is said to have the ability to perform more complex tasks that were thought possible by previous models. …
Source: Live Mint Here’s a quick look at stocks likely to be in focus in today’s trade. IRCTC: Life Insurance Corporation of India (LIC) has raised its shareholding in Indian Railway Catering and Tourism Corporation (IRCTC) to approximately 9.3 percent, as revealed in a regulatory filing on Thursday. LIC’s stake in the railway sector ‘miniratna’…
Source: Live Mint Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open higher on Friday amid positive global market cues. The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 25,390 level, a premium of nearly 56 points from the…
Source: Live Mint Why are health insurance policies sold by banks, or the likes of Paytm and PhonePe, much cheaper? How do these plans work? Are there any potential drawbacks one should be aware of? —Name withheld on request Health insurance plans offered by banks or mobile apps are often cheaper because they are typically…
Source: Live Mint F&O ban list:The National Stock Exchange (NSE) banned trading in eight stocks on Friday, September 13, in the futures and options (F&O) segment as they exceeded 95% of the market-wide position limit (MWPL). However, these stocks will be available for trading in the cash market. The NSE updates the list of securities…
