ECOS (India) Mobility and Hospitality IPO price band: The ECOS (India) Mobility and Hospitality Limited IPO price band has been fixed in the range of ₹318 to ₹334 per equity share of the face value of ₹2. The ECOS (India) Mobility and Hospitality IPO date of subscription is scheduled for Wednesday, August 28, and will … Read more
When you make an investment in a mutual fund scheme, the return grows at a rate faster in the later years than in the earlier years. This happens primarily because of compounding. The compounding is so potent a tool that it is euphemistically known as ‘magic’ by some. From Ben Graham to Warren Buffett, all … Read more
Latest Market News Today Live Updates: Catch today’s market wrap-up! Track Nifty 50 and Sensex movements, along with top gainers and losers. See how Asian and US markets fared and which sectors led the charge (or declined). Summary: Follow Mint’s market blog for real-time updates on your favourite companies. This blog keeps you informed on … Read more
The deadline to file an income tax return (ITR) passed on July 31, 2024, following which eligible taxpayers received either a refund or an income tax (I-T) notice intimating them that there was something amiss in their income tax return (ITR). It could be because of a defective I-T return or a pending assessment. Let … Read more
Orient Technologies initial public offerings (IPO), which opened for subscription on August 21, was subscribed over 16.96 times on the second day of bidding. The issue received bids for 12,63,33,144 shares compared to the 74,49,846 equity shares available, within a price range of ₹195-206, according to stock exchange data. The retail portion and non-institutional investors … Read more
This financial tool offers a unique solution for elderly homeowners who may have significant home equity but few liquid assets. However, it also presents challenges and potential pitfalls that must be carefully considered before diving in. Let us explore the concept of reverse mortgages, their potential benefits and downsides in the context of the Indian … Read more
Former Infosys CFO Mohandas Pai has drawn the government’s attention to a new regulation by the Gujarat International Finance Tec-City (GIFT) regulator that prevents local family offices from setting up investment funds in the new finance hub. Mohandas Pai says this would hamper global investments. He shared his concern in a social media post on … Read more
Several banks have offered higher interest rates to encourage more people to save money in fixed deposits. Recently, IDBI Bank has hiked its fixed deposit interest rates for selected tenures under the Utsav Fixed Deposit scheme. IDBI Bank is providing interest rates up to 7.85% on fixed deposits for select tenures. This Fixed Deposit scheme … Read more
Zomato has stopped using AI-generated food images. Artists and several others have also come out against such images. While there might be a compelling case for AI-generated images in some instances, platforms have to ensure transparency. Mint explains: Why did Zomato ban AI food images? It was in response to customer complaints about artificial intelligence … Read more
Bond yields fell as a big downward revision of US payrolls reinforced bets the Federal Reserve will cut rates in September. Treasuries rose across the curve, with the move led by shorter maturities. Swap traders are pricing in about 100 basis points worth of easing in 2024. The implied rate on the contracts show traders … Read more