Finance News

Muthoot, Manappuram Finance fall over 8% on RBI’s advisory on cash disbursal; here’s what it means for gold financiers

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Muthoot, Manappuram Finance fall over 8% on RBI's advisory on cash disbursal; here's what it means for gold financiers

Shares of gold financing companies – Muthoot Finance, and Manappuram Finance – were trading under pressure on Thursday after the Reserve Bank of India (RBI) sent the companies an advisory concerning cash disbursal of loans. The RBI has instructed Non-Banking Financial Companies (NBFCs) to strictly follow the provisions of the Income Tax Act regarding cash … Read more

Sebi releases master circular for RTAs. Key points explained here

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Sebi releases master circular for RTAs. Key points explained here

The Capital markets regulator Securities and Exchange Board of India (Sebi) has recently issued a master circular for all registered registrars to an issue and share transfer agents (RTAs). The circular stipulates numerous details ranging from registration to responsibilities, transfer related matters, investor grievance redressal, investor charter, cyber security, and role of RTAs with respect … Read more

Does a high CIBIL score guarantee loan approval? MintGenie answers

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Does a high CIBIL score guarantee loan approval? MintGenie answers

CIBIL scores reflect your creditworthiness based on your credit history. Banks use this score as one of the key factors in their decision-making process at the time of assessing your loan application. While a high CIBIL score shows that you have a good credit history and are likely to repay your loans on time, banks … Read more

Akshaya Tritiya 2024: Gold prices dip a bit ahead of festival — is this the right time to buy precious metal?

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Akshaya Tritiya 2024: Gold prices dip a bit ahead of festival — is this the right time to buy precious metal?

Gold prices on Wednesday saw a slight decline thanks to a strong dollar exerting pressure on prices. Investors remained cautious, awaiting US data to glean insights into potential rate cuts by the Federal Reserve. At 1335 GMT, spot gold experienced a slight decline of 0.19 per cent, reaching $2,309.29 per ounce. Simultaneously, US gold futures … Read more

How to prevent impact of frauds on your CIBIL score? Here are 5 steps

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How to prevent impact of frauds on your CIBIL score? Here are 5 steps

While CIBIL primarily deals with credit information of account holders, it does not directly handle disputes related to fraudulent charges. However, if anything of  this sort comes to the fore, it is recommended to place a fraud alert or credit freeze on your credit report with CIBIL.  This makes it quite cumbersome for fraudsters to … Read more

Catch the glitter: Silver up 11% YTD on import volume, likely to outshine gold in near-term; How should you invest?

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Catch the glitter: Silver up 11% YTD on import volume, likely to outshine gold in near-term; How should you invest?

Ahead of the auspicious Akshaya Tritiya, silver is shining bright among other precious metals in the commodity market and is likely to outperform gold in the longer period, according to domestic brokerage house Motilal Oswal Financial Services Limited. According to recent data, gold and silver have experienced notable year-to-date (YTD) gains of 13 per cent … Read more

How to strategically invest for your long-term financial goals?

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How to strategically invest for your long-term financial goals?

I am 34 years old, married and have a three-year-old daughter. I work in the IT sector and plan to buy a new home in five years for which I will need ₹20 lakh. At present, my wife and I save nearly ₹60,000 per month. We have close to ₹20 lakh in bank fixed deposits … Read more

TGIF Agribusiness IPO: Check GMP, subscription status on day 1, issue size, key details to know

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TGIF Agribusiness IPO: Check GMP, subscription status on day 1, issue size, key details to know

The company is essentially a horticultural business that engages in open farming of specific fruits and vegetables, as stated in the prospectus. The farmland owned by the corporation spans more than 110 acres and is located close to three villages: Ajari, Kasindra, and Kojra. These villages are all part of the Pindwara tehsil in the … Read more

Demat Account: Considering pledging shares? 5 things to keep in mind before going ahead

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Demat Account: Considering pledging shares? 5 things to keep in mind before going ahead

Share pledging has become a common practice in the stock market. In this, company shares serve as collateral for securing loans from banks and financial institutions. This method is commonly utilised by individuals and companies to raise capital for various purposes such as meeting capital requirements or settling existing debts. What is pledging of shares? … Read more