The FinTech Hub
Source: Live Mint There is a fundamental difference between financial investment products and other conventional products we consume. Investments have no ‘product’ with a look and feel. You are sacrificing your current consumption, expecting to get back a higher amount in future. An investment ‘product’ is created by a manufacturer through the brochure/other literature, and…
Source: Live Mint PIB Fact Check: The government’s Press Information Bureau (PIB) has warned unsuspecting customers to be aware of a ‘SBI Rewards’ scam being used by fraudsters. In a post on social media platform X (formerly known as Twitter), the PIB Fact Check account warned users “never to download unknown files or click on…
Source: Live Mint The combined market capitalisation of six of the top-10 most-valued companies soared by more than ₹1 lakh crore last week, which saw a special Diwali Muhurat Trading session on November 1. Last week, the benchmark BSE Sensex rose 321.83 points, or 0.40%. Despite last week’s gains, the Sensex and Nifty 50 are…
Source: Live Mint If you are an active investor and often earn gains on the sale of your securities, bonds or mutual funds, you should be mindful of the tax rate that applies on these transactions. The gains accruing on the sale of assets is taxed under what is known as capital gains tax regime….
Source: Live Mint Buy or sell: The Nifty 50 index wrapped up the week at 24,304, reflecting notable volatility as traders navigated through market dynamics. As the monthly expiry approached, a short covering rally provided a brief respite, enabling the index to bounce nearly 500 points and reaching nearby resistance levels around the 24,700-24,800 zone….
Source: Live Mint Gold And Silver Prices Today: Gold prices observed a slight decrease on Sunday. The cost of 24 carat gold is Rs.8057.3 per gm, down by Rs.150.0. The cost of 22 carat gold is Rs.7382.3 per gm, down by Rs.190.0. The price change in 24 carat gold over the past week has been…
Source: Live Mint Swiggy IPO: Food and grocery delivery giant Swiggy is set to make its stock market debut next week with the launch of its initial public offering (IPO). Swiggy IPO is set to hit the Street on November 6 and the SoftBank-backed company plans to raise more than ₹11,000 crore from the primary…
Source: Live Mint A credit card is a financial instrument that helps you streamline your financial health by consolidating expenses and debt and clearing them before a fixed date without having to pay any interest on it. It can help you manage your expenses in an organised manner. You can seek rewards, cash backs, get…
Source: Live Mint Stock Market News: The domestic benchmark indices, Nifty 50 and Sensex, experienced gains during a special one-hour muhurat trading session on Friday, November 1, celebrating the Diwali festival, with the rise primarily driven by auto stocks following encouraging monthly sales figures. The Nifty 50 advanced by 0.41% to 24,304.35, while the Sensex…
Source: Live Mint The Indian stock market faced selling pressure throughout October as bears tightened their grip on D-Street amid weak global cues and rising volatility. The challenges compelled the frontline indices to enter the bear market just a few days before Diwali 2024. However, the Muhurat Trading session, which kicked off Vikram Samvat 2081,…
