The FinTech Hub
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…
Source: Live Mint Gold and silver prices in India are currently trading near record highs amid the Diwali festive season. The MCX gold rate has surged close to ₹80,000 per 10 grams, while silver prices are approximately ₹99,000 per kilogram, after briefly crossing the ₹1,00,000 mark earlier this month. Gold has delivered a substantial return…
Source: Live Mint Credit card tokenisation is the process of replacing the 16-digit number on a card with a unique combination of numbers called a token. This approach enhances the security of credit card transactions by ensuring that personal details are not included in the token. Tokenisation is commonly used by online platforms such as…
Source: Live Mint Airline loyalty programs, also known as frequent flyer programs (FFPs), have gained popularity in the last few years. These programs allow the earning and redemption of loyalty points (airmiles) on flight bookings. Banks like Axis Bank, HDFC Bank, American Express, etc. allow their credit card users to transfer reward points to these…
Source: Live Mint Mutual funds bought sugar stocks worth $86 million in the first half of the fiscal, which is 2.4 times the $36 million purchased in all of FY24, according to a 17 October report by DAM Capital Advisors. The three sugar company stocks that dominated the purchases were Balrampur Chini Mills, Triveni Engineering…
