The FinTech Hub
Source: Live Mint I have been a non-resident Indian (NRI) for many years and have invested in Indian stocks using income earned abroad, deposited in my NRE account. In FY25, I sold some shares and made capital gains, but my AD (authorized dealer) banker deducted TDS on the gains. I thought income from NRE accounts…
Source: Live Mint The National Stock Exchange of India (NSE India) has launched its new mobile app NSEIndia which went live on Diwali (November 1) this year. In a press release, the exchange further said that it has also expanded its website to support a total of 11 regional languages, besides English. The regional languages…
Source: Live Mint Muhurat Trading 2024: As the festival of lights unfolds, India’s stock markets celebrate with Muhurat Trading, a symbolic one-hour session marked by optimism and tradition. Since its inception in 1957 at the Bombay Stock Exchange (BSE) and later embraced by the National Stock Exchange (NSE) in 1992, this unique trading window has…
Source: Live Mint Artificial intelligence (AI) chipmaker Nvidia Corp will soon be part of Wall Street’s oldest three main equity benchmark indices, displacing no less than Silicopn Valley giant Intel, Bloomberg reported. Nvidia, which is “at heart of the artificial intelligence boom”, will replace rival Intel Corp. in the 128-year-old Dow Jones Industrial Average from…
Source: Live Mint Muhurat Trading 2024: Indian markets ended higher in the special session on Friday, November 1, 2024, rising for the seventh straight Muhurat trading session. Indian markets ended higher in the special session on Friday, November 1, 2024, rising for the seventh straight Muhurat trading session. The Sensex ended 335.06 points higher or…
Source: Live Mint However, leveraging shares comes with conditions and risks that need careful consideration. How loan against shares works A loan against shares (LAS) allows borrowers to pledge their equity holdings as collateral for an overdraft facility, offering flexibility by charging interest only on the utilized amount. For example, if shares worth ₹10 lakh…
Source: Live Mint Every Diwali, the Indian stock market marks the occasion with a special one-hour evening trading session known as Muhurat trading. Observed as an auspicious time for investing, this tradition has become symbolic of prosperity, with investors often seeing it as an opportunity to bring wealth and success into their portfolios. This year,…
Source: Live Mint Ambuja Cements Ltd, an Adani Group company, is seeing results from its increased focus on inorganic growth. The company’s consolidated volume grew by 8.4% year-on-year to 14.2 million tonnes (mt) in the September quarter (Q2FY25). This outpaces the industry’s flat growth and sector leader UltraTech Cement Ltd’s 2.7% rise in domestic grey…
Source: Live Mint Multibagger penny stock: Paramount Communications has made headlines as a standout multibagger penny stock on Dalal Street. Once trading at sub- ₹10 levels, the stock has transformed into a valuable asset, delivering remarkable returns to its investors. Paramount’s meteoric rise serves as a testament to the high reward potential of penny stocks,…
Source: Live Mint Penny stock Mishtann Foods gained nearly 6 per cent in intra-day trading on Monday, October 28, following the company’s strong financial performance for the second quarter of FY25 (Q2FY25). The results, which highlighted substantial growth in both net profit and EBITDA, reflect Mishtann Foods’ position as a significant player in the Indian…
