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Muthoottu Mini Financiers NCD IPO October 2024 Public Issue Detail

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Muthoottu Mini Financiers Limited operates as a non-deposit-taking NBFC-ML specializing in gold loans, providing loans secured by household gold jewelry. The company serves clients across Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, Haryana, Maharashtra, Gujarat, Delhi, Uttar Pradesh, Goa, and the Union Territory of Puducherry. In addition to gold loans, the company offers microfinance services, … Read more

Indel Money NCD IPO October 2024

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Incorporated in 1986, Indel Money Limited is a non-deposit-taking non-banking financial company (NBFC) regulated by the Reserve Bank of India (RBI). The company primarily offers loans against household gold jewelry, along with property, business, and personal loans. Indel Money NCD IPO provides an opportunity for investors to participate in the company’s public issue. Indel Money … Read more

UGRO Capital NCD IPO October 2024

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UGRO Capital NCD IPO

Established in 1993, UGRO Capital Limited is a systemically important, non-deposit-taking NBFC (Non-Banking Financial Company) registered with the Reserve Bank of India (RBI). UGRO Capital NCD IPO reflects the company’s focus on lending, particularly targeting the MSME (Micro, Small, and Medium Enterprises) sector in India. UGRO Capital offers various loan products tailored for SMEs and … Read more

Muthoot Fincorp NCD Tranche II October 2024

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Founded in 1997, Muthoot Fincorp Limited is a non-banking financial company (NBFC) that does not accept deposits. It offers Muthoot Fincorp NCD along with personal and business loans secured by gold jewelry and ornaments. These gold-backed loans are designed to address short-term liquidity needs for both individuals and businesses. As of June 30, 2024, Muthoot … Read more

Edelweiss Financial Services NCD IPO October 2024 Public Issue Detail

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Edelweiss Financial Services Limited (EFSL), originally established as Edelweiss Capital Limited in November 1995, is an investment banking and merchant banking firm headquartered in Mumbai. Through its subsidiaries, Edelweiss offers a wide range of services, including retail and corporate lending, asset management (encompassing mutual funds and alternative investments), asset reconstruction, life and general insurance, and … Read more

What is a Ponzi Scheme and How Does It Work

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Ponzi Scheme

When individuals invest their money, they anticipate it being directed toward a legitimate business that provides a genuine product or service, aiming to generate profits. Unfortunately, some fraudsters mislead investors by diverting their funds into fake companies or fraudulent schemes with the intention of stealing the money. This form of deception is called a Ponzi … Read more

Nido Home Finance NCD IPO September 2024 Public Issue Detail

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Nido Home Finance NCD IPO

Founded in 2008, Nido Home Finance Limited (formerly Edelweiss Housing Finance Limited) is a non-deposit-taking housing finance company offering credit for various loans. As part of the Edelweiss Group, a leading diversified financial services provider in India, Nido Home Finance is currently launching the Nido Home Finance NCD IPO to raise funds for its operations. … Read more

How to Get International Driving License in India

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International Driving License

How to get International Driving License in India? When traveling abroad, some people opt for public transportation like buses, while others prefer exploring new places by bike or car. In India, you can navigate every corner with an Indian driving license. However, to drive on foreign streets and highways, an International Driving License is required. … Read more

What is IRDA: Meaning, Functions, and Role Explained 2024

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what is IRDA

What is IRDA (Insurance Regulatory and Development Authority)? The Insurance Regulatory and Development Authority of India (IRDA) supervises both life and general insurance companies across the country. With India’s large population, the insurance sector holds substantial opportunities for growth and development. To simplify the role of an insurance regulator, consider the example of a traditional … Read more

Consequential Damages – What are the Consequential Damages in Insurance

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Consequential Damages

What is Consequential Damage in Insurance? The concept of Consequential Damages often confuses many, leading to frustration during claims due to its unclear nature. Let’s revisit the basics: What exactly are Consequential Damages? In simple terms, consequential damage refers to when an unexpected event triggers a chain reaction of other events, resulting in damage that … Read more

What is Depreciation in insurance: Meaning and Calculation Guide 2024

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Depreciation in Insurance

Depreciation in Insurance Depreciation in insurance reflects how everything loses value over time, including your most prized possessions. When we buy something new, it quickly becomes familiar, losing its novelty. The monetary worth of items decreases with age, usage, and condition. The more something is used, the less financial value it retains. What is Depreciation … Read more

Understanding Deductible in Insurance: Types and Benefits 2024

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Deductible in Insurance

What is an Insurance Deductible? A deductible in insurance refers to the out-of-pocket amount a policyholder must pay for repairs in case of damage or loss. Once this is paid, the insurer covers the remaining costs within the policy limits. In simpler terms, the deductible is the policyholder’s share of the claim. It is one … Read more

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