The FinTech Hub
Source: Live Mint Six months ago, Abhishek Kumar received a complaint against his company on SCORES, the online grievance redressal facilitation platform provided by the Securities and Exchange Board of India (Sebi). Strangely, the complaint was against Abhishek Chouhan. Kumar, a registered investment advisor, wrote to Sebi through the SCORES platform that “this complaint is…
Source: Live Mint Indian stock market: A day after posting a robust gain of nearly 2 percent, India’s stock market indices, the Sensex and Nifty 50, experienced sharp declines on Friday, January 3, driven by profit-taking amid a strengthening US dollar. The Sensex opened at 80,072.99, higher than its previous close of 79,943.71, but dropped…
Source: Live Mint Even with personal money, convenience is the order of the day in today’s fast-paced world. Traditional personal loans are characterized by lengthy processes and reams of paperwork, which leads to frustration and delays. Introducing fast personal loans without documentation, a revolutionary way of quickly and efficiently accessing finance. What are instant personal…
Source: Live Mint Top Gainers and Losers Today : The financial markets experienced notable fluctuations today, with the Nifty closing at 24,188.65, representing a decrease of 0.76%. Throughout the trading session, the Nifty reached a high of 24,196.45 and a low of 23,976.00. The Sensex traded within a range of 80,072.99 to 79,109.73, ultimately closing…
Source: Live Mint Getting the money may not be that easy, particularly when you don’t have collateral to pledge to them. Conventional loans demand collateral, for example, in the form of equipment or real estate, for a guarantee that the loan would be repaid. Fortunately, there are unsecured business loans, and here we will teach…
Source: Live Mint As the New Year 2025 has commenced, it is the time to do some stock taking and analyse the performance of mutual funds across categories. Here, we list out the returns posted by equity mutual funds across market capitalisations i.e., large cap, mid cap and small caps. Although mutual fund schemes in the mid…
Source: Live Mint MUMBAI, Jan 3 (Reuters) – The Indian rupee ended at a record closing low on Friday, pressured by a decline in the Chinese yuan, and logged a ninth straight week of losses due to the relentless rise in the U.S. dollar. The rupee ended at 85.77 to the dollar, compared to its…
Source: Live Mint ROME, Jan 3 (Reuters) – The United Nations’ world food price index dipped in December against November levels, led lower by a drop in international sugar quotations, but still showed a robust gain year-on-year, data showed on Friday. The index, compiled by the U.N. Food and Agriculture Organization (FAO) to track the…
Source: Live Mint Punjab National Bank (PNB) has revised its interest rates starting Jan 1, 2025. The latest rates now offer interest up to 8.05 per cent per annum. The interest rates range between 6.85 percent to 7.3 for regular citizens. Senior citizens are offered an extra 50 basis points and super senior citizens are…
Source: Live Mint The jumped deposit scam is a new cyber scam targeting unified payments interface (UPI) users. Fraudsters first lure victims by making an unsolicited small deposit in their bank accounts. How does it work? A fraudster sends a small amount to the victim’s bank account through UPI. Then, they immediately request a withdrawal…
