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Rs 15,000 sneakers, fancy holidays, expensive iPhones: Financial advisor shares why Gen Z is spending big on luxury itemsFinancial advisor Prem Soni says Gen Z’s spending on Rs 15,000 sneakers, expensive iPhones and foreign holidays may reflect the “Lipstick E...
RBI MPC: Home loan borrowers can breathe a sigh of relief, but how long their good days will last?RBI repo rate: The Reserve Bank of India has maintained its repo rate at 5.25%, providing ongoing relief for home loan borrowers. This deci...
Changes in EBLR & MCLR framework, interest rate charging mechanism and how reset dates are decided- RBI proposalRBI MPC policy: The Reserve Bank of India plans to simplify loan interest rate rules for all regulated entities. This initiative aims to ha...
Bengaluru housing problem: 28-year-old asks if paying Rs 65K home EMI makes more sense than Rs 44K rent? Internet explains the mathA 28-year-old Bengaluru software engineer earning around Rs 70 lakh per year has sparked a debate online after asking whether it makes more...
These 7 banking stocks have an upside potential of up to 25% in 1 year, according to analystsLet us assume FPI buying continues. That last month was not a one-off, but the start of a trend. If so, then sooner or later this money wil...
She invented a business, got $41,381 in PPP loans and still won't spend a day in prisonAn Illinois woman confessed to fraudulently obtaining government aid via a fake business, netting over forty thousand dollars from two Payc...
Techie earns Rs 25 LPA, 4 time more than his father, yet could not afford the same home his father bought. What changed?Noida’s rising property prices highlight the growing gap between salaries and home affordability. Social media user Ankit Pandey compared a...
Retiring with an EMI? Here's when it can make sense and when it could derail your retirementRetiring debt-free is an ideal goal, but not always achievable or necessary. Experts suggest focusing on EMI affordability rather than comp...
Mobikwik swings to Rs 7.6 crore net profit in Q1Mobikwik achieved 3.7% revenue growth and its third profit quarter. Lower costs and improved lending margins boosted the company's bottom l...
Listed fintech firms are widening revenue bets as core growth coolsIndia's fintechs are looking beyond their core businesses as growth normalises and investors seek more predictable revenue. Groww, Paytm, P...
The modern odyssey of studying abroad: Why parents need a CFO's mindsetIndian parents now manage multi-year budgets for overseas education expenses. They meticulously track currency exchange rates and various a...
Bank of Maharashtra slashes home loan rates to 7% with zero processing feesBank of Maharashtra has reduced its home loan interest rate to seven percent. This special offer includes a complete waiver of processing a...
Smartphone retailers urge brands to end zero-cost EMI schemes to make handsets more affordableThis is because zero-interest payment plans cost smartphone brands 17-19% of the product price which they bake directly into retail price o...
Home loan EMI, amortisation and prepayment- The mathematics every borrower in India must understandUnderstanding home loan mechanics helps borrowers reduce total borrowing costs. The reducing balance method ensures interest decreases as t...
These large- and mid-cap stocks can give more than 25% return in 1 year, according to analystsThe price of crude oil is down again despite the escalating tensions in the Gulf region. That augurs well for markets. This does not mean t...
Switching banks for your home loan? Here's what happens to your tax savings
Gold loan NPAs may rise as NBFCs shift to monthly installments, ICRA projects market growthGold loan NPAs may increase as lenders shift to monthly installments. The overall gold loan market is projected to grow over thirty percent...
Do you really need home loan insurance if you already have a term insurance plan?Home loan insurance is designed to pay off outstanding loans if the borrower passes away, while term insurance provides a one-time payment ...
These 7 private and public banking stocks have an upside of up to 29% in one year, according to analystsBroadly speaking, both private and PSU banks are impacted by what happens to the economy. There might be some difference because of the foc...
Bengaluru CA says buying a Rs 1 crore home without Rs 1.93 lakh monthly salary is a financial trapBengaluru CA Meenal Goel warned that buying a home without proper financial planning can turn into a burden. She explained the 20-30-40 rul...