The FinTech Hub
Source: Live Mint Aditya Birla Group-owned UltraTech Cement’s board of directors on Tuesday, February 25, announced that the company has approved the demerger of Kesoram Industries Limited and a ₹1,800-crore capex investment, according to an exchange filing. The cement maker’s board has agreed to issue one equity share of ₹10 each for every 52 equity…
Source: Live Mint Investment word of the day: Tracking your investments is essential for understanding how your money performs over time. Skipping this practice will make it difficult to know if you’re on the right track to meet your financial goals. One effective way to measure investment growth is CAGR. What is CAGR? The Compound…
Source: Live Mint The Securities and Exchange Board of India (Sebi) on Tuesday granted permission to Associations of Persons (AoP) to open demat accounts in their own name. Through demat accounts, AoPs can hold mutual fund units, corporate bonds, and government securities. However, such demat accounts cannot be used for holding equity shares. The new…
Source: Live Mint New Delhi: The Central Board of Direct Taxes (CBDT) has amended its rules to improve accuracy and transparency in reporting of income distributed to unit holders by trusts –vehicles used to pool in investments. The Income-tax (Fifth Amendment) Rules, 2025, notified on Monday, mandate reporting by entities such as real estate and…
Source: Live Mint If you have recently applied for a personal loan, or planning to apply for one, remember that your actual EMI could be slightly larger than the principal and interest amount. Although this is not something you would have expected – you are disbursed slightly lower amount than the loan amount. Each bank…
Source: Live Mint Stock to buy for short-term: Indian brokerage firm Anand Rathi Investment Services has picked healthcare sector stock, Narayana Hrudayalaya, as its stock pick for the month of February 2025 with a potential upside of 11.11 per cent. According to the brokerage firm’s stock report, Narayana Hrudayalaya’s shares are trading higher despite a…
Source: Live Mint These funds primarily attract foreign and NRI investors; however, their widespread adoption is limited by the high minimum investment requirement. Retail funds, which can accept investments as low as $100, are yet to be launched. In the previous Union budget, the government extended favourable tax treatment to retail funds in Gift City,…
Source: Live Mint (Repeats with no change to text) LAUNCESTON, Australia, Feb 25 (Reuters) – The term gamechanger is often over used enough to be rendered meaningless, but the huge Simandou mine in the West African country of Guinea is going to be just that as its start up is set to rock the seaborne…
Source: Live Mint To be sure, most brokers in India offer a margin trading facility (MTF), positioning it as a “buy now, pay later” option. In this option, investors can use brokers’ funds to buy more stocks if they don’t have adequate capital. Zerodha, the country’s largest broker in terms of active clients, was among…
Source: Live Mint The National Payments Corporation of India (NPCI) has been expanding UPI’s global footprint since its first international collaboration with Singapore in 2020. Countries that now accept UPI payments include Singapore, the United Arab Emirates, Sri Lanka, Mauritius, Bhutan, Nepal and France. Arun Panicker, a 56-year-old traveler from India, recently experienced this firsthand…
