India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
Managing loan repayment properly can really make a difference in your financial health. With so many choices available, it is essential to choose the right one that will meet your financial goals and circumstances. Let's understand the different kinds of loan repayment strategies, their advantages and disadvantages, and help you make better choices. Whether a novice or seasoned borrower, learning these tactics will expedite the payoff process and ensure financial stability. 1. Fixed-rate loans: These loans have a constant rate of interest during the term, meaning the payment becomes flat monthly and predictable. Therefore, fixed-rate loans make budgeting very easy, especially for clients who crave financial stability. 2. Floating-rate loans: The floating-rate loans have an interest rate that is determined by market conditions. Although they might start with lower interest rates, fluctuations can cause unpredictable monthly payments. These are best for borrowers who do not mind variable costs. 3. Balloon loans: Balloon loans involve a borrower paying small monthly payments during the term of the loan. A large "balloon" payment is paid at the end. That is a great option if you think you'll have substantial funds available later to reduce the balance. 4. Bullet repayment loans: Borrowers in this arrangement only pay interest during the period of the loan, while the principal is paid in full at the end. This may be useful for short-term borrowers who are expecting a lump sum at the end. 5. Amortising loans: These loans divide the repayment into set EMIs, which include both principal and interest. At the end of the term, the loan has been completely repaid, which brings clarity and structure. 6. Interest-only loans: Borrowers pay the interest of their loans throughout the term, keeping the principal undisturbed. One has to repay the major amount in a different term, at times all together, by the end of the term. 7. Partial loan payments: Partial payments enable loan clients to make further payments against the principal at any point, reducing the outstanding sum borrowed and therefore reducing the possible period of a loan.
Pune (Maharashtra) [India], August 14: Gold has always held a special place in Indian homes, treasured for both its beauty and its lasting value. Beyond its cultural significance, gold jewellery has been a trusted financial backup for generations, helping families in times of need. Now, with Bajaj Finserv Gold Loan, this age-old tradition meets modern convenience. Also Read | 'Ruin the Friendship' and 'CANCELLED!': Are These Taylor Swift's Alleged Diss Tracks Targeting Blake Lively? Fan Theories Go Viral Amid 12th Album 'The Life of a Showgirl' Announcement. During the Prime Loan Festival, i ...Read More >
VMPL New Delhi [India], April 2: Digital lending apps have made borrowing quicker and more convenient than before. However, comparing options before choosing a Personal Loan app is important to avoid high charges or inflexible repayment terms. Selecting a loan app without reviewing key features can lead to unexpected costs or poor customer support. This guide outlines key features to help you assess your options effectively, enabling you to choose a more secure and cost-effective borrowing option. 10 Features to Compare Before Choosing a Loan App Before finalising a loan app, carefully eval ...Read More >
New Delhi: The Delhi High Court has reaffirmed that the personal liberty of two consenting adults to marry and live together peacefully is protected under Article 21 of the Indian Constitution. In a recent ruling, the court emphasised that family opposition cannot override this autonomy. Justice Sanjeev Narula stated that the Supreme Court has consistently upheld this principle, directing law enforcement to protect couples from threats or coercion. In this case, the court ordered police protection for a young couple who feared harassment from the woman's family. The couple had solemnised the ...Read More >
New Delhi | June 7, 2025: Home loan borrowers have reason to rejoice. Following the Reserve Bank of India's (RBI) decision to cut the repo rate by 50 basis points -- from 6% to 5.5%, home loan EMIs are expected to drop significantly. Also Read: RBI Slashes Repo Rate by 50 bps to 5.5%: EMIs Set to Drop, Real Estate Gets a Boost For instance, a borrower with a ₹50 lakh home loan over 20 years at an interest rate of 8.5% currently pays an EMI of around ₹43,391. With a 50-basis-point drop in interest, the revised rate becomes 8%, reducing the EMI to approximately ₹41,822. This translates to a mo ...Read More >
VMPL New Delhi [India], July 11: Owning a home is a dream for many families, as it represents security and long-term stability. A home loan often helps to fulfil this dream by providing financial support to purchase property. A home loan is a financial product that helps an individual to purchase residential property by borrowing funds from a lender. Understanding the potential benefits of a home loan may allow an individual to make better decisions. This article details out some key benefits of home loans in India. 10 Benefits of a Home Loan in India Here is a breakdown of some of the sign ...Read More >
New Delhi [India], March 2 (ANI): The central government has retained an 8.25 per cent annual rate of interest to be credited on Employees' Provident Fund (EPF) accumulations in members' accounts for the financial year 2025-26, according to the Ministry of Labour and Employment of India. The interest rate would be officially notified by the Government of India, following which the Employees' Provident Fund Organisation (EPFO) would credit the rate of interest into the subscribers' accounts. This comes as Union Minister for Labour and Employment Mansukh Mandaviya on Monday chaired the 239th m ...Read More >
New Delhi [India], December 2: Repaying an Education Loan requires careful planning to avoid financial stress later on. Many students today take out loans to fund their higher studies, both in India and abroad, thanks to attractive interest rates and easy application processes. However, managing repayment is key to staying on top of your finances. In this guide, we'll explore effective ways to plan and manage your Education Loan repayment. Here's how you can manage your education loan repayment step-by-step: Also Read | Farmers Protest: Massive Congestion at Delhi-Noida Border as Police Set ...Read More >
MUMBAI: The Equated monthly instalments (EMIs) on your home, car, education and business loan is set to reduce further as the rate setting panel of the Reserve Bank of India (RBI) on Friday cut the benchmark repo rate by 50 basis points to 5.5 per cent. Repo rate is the rate at which the central bank lends short term money to commercial banks. A lower repo rate means banks can borrow funds at a lower cost from the central bank and are expected to pass on the lower cost to the borrowers. With this cut, the RBI MPC has reduced rates by a cumulative 100 basis points in 2025 to boost fragile econo ...Read More >
Mumbai: A new report by the Boston Consulting Group (BCG) warns that Indian banks must prepare for a period of heightened interest rate volatility after more than a decade of relatively stable and downward-trending rates. The study, Interest Rate Sensitivity in Indian Banking, highlights that the impact of policy rate changes on bank performance is neither immediate nor uniform, and that credit growth is more dependent on borrower sentiment and lender confidence than on rates alone.Empirical evidence underscores this point: credit growth remained weak during 2014-2016 and 2018-2020 despite dec ...Read More >
Pune (Maharashtra) [India], October 17: Dhanteras marks the beginning of Diwali, and it is celebrated across India to invite prosperity, health, and good fortune. It is also highly auspicious for fresh beginnings, including planning for a future home, as it attracts prosperity and positive energy. Lenders like Bajaj Housing Finance also extend festive offers during this period, including lower processing fees and attractive interest rates, making this the ideal time to use Diwali bonuses. Also Read | When Is Muhurat Trading 2025? Which Stocks To Pick During Diwali Muhurat Trading? List of 10 ...Read More >
Mumbai: The Reserve Bank of India (RBI) has revised its existing rules to make retail loans more flexible, widened the scope for lending against gold and silver collateral, and provide easier capital-raising avenues for banks besides improving credit information systems. Announced through seven directions and circulars on Monday evening, three of these changes will take effect from October 1, while four others have been released for public consultation until October 20, 2025. Draft proposals, meanwhile, would extend repayment terms, sharpen exposure limits and quicken credit reporting measures ...Read More >
New Delhi: A couple of days ahead of the announcement of Reserve Bank of India (RBI) Monetary Policy 2024, public sector lender Canara Bank has announced revision in its Fixed Deposit (FD) rates. Canara Bank has hiked FD interest rates under Rs 3 crore. Canara Bank's new FD rates are effective from 1 December 2024, according to the bank's official website. Following the modification in FD interest rates, Canara Bank will offer interest rates on callable deposits with maturities ranging from seven days to ten years that range from 4 percent to 7.4 percent for members of the general public and ...Read More >
Mumbai: Traditionally, banks were barred from lending for buying gold or silver or offering loans secured by primary gold or silver. But under new guidelines, a carve‑out allows scheduled commercial banks (SCBs) to extend working capital loans to jewellers and businesses that use gold as raw material. This change means that manufacturers who rely on gold inputs -- beyond jewelry makers -- can now access credit backed by gold. More Flexibility in Interest Spreads and Rate Resets Previously, banks could adjust the spread over benchmark rates (which account for borrower credit risk) only once e ...Read More >
MUMBAI: Home loan rates are set to drop to levels last seen before the global financial crisis in 2008, with the RBI's monetary policy committee reducing the repo rate by 25 basis points to 5.25%.Several banks -- Union Bank, Bank of India, Bank of Maharashtra and Indian Overseas Bank -- currently offer home loans at 7.35%. Borrowers at this rate will see their interest rate decline to 7.1%, which is also the deposit rate offered by some private banks. On a Rs 1 crore home loan for 15 years, a 0.25 percentage-point reduction in the rate reduces the EMI by roughly Rs 1,440 per month. Bankers say ...Read More >
New Delhi [India], July 9 (ANI): As Indian savers increasingly explore mutual funds, pensions, and direct investments, among others, banks will need to leverage data science to understand depositor behaviour and tailor their products, a Boston Consulting Group (BCG) study suggests. BCG conducted a study titled, 'Interest Rate Sensitivity in Indian Banking: An Empirical Look and its Strategic Implications', determining the effect of rate changes--specifically the repo rate and treasury bill rates--on key banking metrics- advances, deposits, and Net Interest Income (NII). Post the study, BCG s ...Read More >
NEW DELHI: The Central Board of Trustees (CBT) has recommended an 8.25% rate of interest on Employees' Provident Fund (EPF) deposits for the financial year 2025-26, offering continued relief and stable returns to over six crore subscribers amid global economic uncertainties. The decision was taken at the 239th meeting of the CBT chaired by Union Labour and Employment Minister Mansukh Mandaviya in New Delhi on Monday. The interest rate will be officially notified by the Government of India, following which the Employees' Provident Fund Organisation (EPFO) will credit the interest into members' ...Read More >
ITANAGAR, 6 Jun: More than 200 people without valid inner line permits (ILP) were externed from the Itanagar Capital Region on Friday, a senior police officer said. The violators were detected during an enforcement drive conducted by the Naharlagun police across Papu Hills, Naharlagun, Nirjuli, and Banderdewa, as part of the ongoing initiative to uphold the Bengal Eastern Frontier Regulation. Naharlagun Superintendent of Police (SP) Mihin Gambo said that all 219 individuals were found without valid ILPs during the operation. "Each case was verified and processed under non-FIR provisions, an ...Read More >
New Delhi [India], April 2: Digital lending apps have made borrowing quicker and more convenient than before. However, comparing options before choosing a Personal Loan app is important to avoid high charges or inflexible repayment terms. Selecting a loan app without reviewing key features can lead to unexpected costs or poor customer support. This guide outlines key features to help you assess your options effectively, enabling you to choose a more secure and cost-effective borrowing option. Also Read | Prabhas Departs for Italy Vacation: Filming for 'Kalki 2898 AD' Sequel and 'Spirit' Tempo ...Read More >