The FinTech Hub
Source: Live Mint When you sell your old piece of jewellery to buy a new one, you are meant to pay capital gains tax on the sale. It is vital to note that the sale of gold, even for the purpose of buying a new ornament, is seen as the sale of an old asset….
Source: Live Mint In our rapidly evolving financial landscape, virtual credit cards have emerged as a convenient and secure payment option. They aim to simplify credit transactions while reducing the risks of theft and loss compared to traditional physical credit cards. What is a virtual credit card? A virtual credit card is the digital form…
Source: Live Mint Sport utility vehicles (SUVs) and compressed natural gas (CNG) variants of existing models are currently driving auto demand in India. Maruti Suzuki India Ltd’s September quarter (Q2FY25) results reflect this. The automaker reported a 20% on-year drop in passenger car sales in the quarter, but SUV sales rose 9%. Notably, rural customers…
Source: Live Mint Arvinder Singh (56), who runs a retail business (telecom equipment and electric two-wheelers) in Delhi, faced the same dilemma. A chance meeting with a financial professional at a get-together influenced him deeply. He decided to test the waters, that too when he was just turning 50. View Full Image Graphic by Pranay…
Source: Live Mint Have you received an expensive gift from someone this Diwali? It could be an expensive watch, a rare painting, a piece of jewellery, or even a pair of branded shoes. Although a gift is typically considered tax-free, when its value is more than ₹50,000, it is liable to income tax in the…
Source: Live Mint Diwali 2024 Muhurat trading: The Indian stock market is navigating through intriguing times. On one side, it’s facing headwinds from escalating geopolitical tensions and declining corporate earnings. But on the brighter side, tailwinds are blowing in with the onset of interest rate cuts and the promise of robust economic growth. The market,…
Source: Live Mint As World Savings Day is celebrated, a pressing concern comes to the forefront—household savings rates in India are declining amid tough economic realities. According to the National Account Statistics 2024 from the Ministry of Statistics and Programme Implementation (MoSPI), net household savings dropped a massive ₹9 trillion over the three years leading…
Source: Live Mint Stock Market Today: Deepak Fertilisers and Petrochemicals Corporation share price that has risen 9-10 % in last two trading sessions. Deepak Fertilisers is trading near 1 year high it scaled on Tuesday. The stock closed at ₹1216 on the BSE on Wednesday. Strong Q2 performance- The Q2 performance by remained strong as…
Source: Live Mint India’s household savings as a proportion of our GDP is declining. In its latest Financial Stability Report (June 2024), the Reserve Bank of India has also noted that while net financial savings have declined in 2022-23, financial liabilities have gone up thanks to retail loans for consumption and investment. Rise of personal…
Source: Live Mint If you are a new credit card user, you should ensure that your income is far more than your total bill. It is, incidentally, not uncommon for some credit card users to pile up high bills which are far more than their monthly income. As a result, they could fall into a…
