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.
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' Temporarily Paused. 10 Features to Compare Before Choosing a Loan App Before finalising a loan app, carefully evaluate these 10 features to ensure you make an informed decision. Also Read | 'Aakhri Sawaal' Teaser: Sanjay Dutt's Film Dives Into Fiery Academic Face-Off and Hidden Past (Watch Video). 1. Eligibility RequirementsLoan apps specify certain criteria to assess an applicant's creditworthiness. Before applying, verify the following:- Check age, income, and employment criteria.- Review the minimum work experience needed.- Look at credit score preferences.Checking your eligibility before applying prevents unnecessary rejections that might hurt your credit profile. 2. Loan Amount RangeThe loan amounts offered can vary significantly across apps. It is important to find a provider that meets your specific financial needs. Consider the following:- Find the minimum and maximum loan limits.- Compare options that match your exact borrowing needs.- Check if the platform offers instant cash loans for emergencies. Choosing an application with the right range ensures you do not borrow more or less than required. 3. Approval Speed and Processing TimeThe time an app takes from application to disbursal is a crucial factor, especially in emergencies. Consider the following aspects:- Review the time taken from application to approval.- Check for automated verification systems.- Look for minimal documentation requirements. For example, the Hero Digital Lending App by Hero FinCorp follows a paperless application process, requiring digital consent for online verification. Faster processing and minimal or no paperwork drastically improve the overall user experience. 4. App Interface and Application ProcessA user-friendly interface simplifies the loan application process and reduces the chances of errors. Assess the app's usability by checking:- Test the ease of navigation and form filling.- Check the simplicity of the verification process.- Look for clear loan tracking features. A simple interface helps you complete your application without frustration or errors. 5. Interest Rate ClarityThe interest rate directly impacts your monthly instalments and the total cost of the loan. To understand the rates clearly:- Ensure interest rates are clearly displayed before applying.- Compare rates across lending platforms.- Confirm whether rates are fixed or variable. Clear interest rate details help you estimate your monthly payments. 6. Fees and Charges In addition to the interest rate, various fees and charges can increase the overall cost of borrowing. It is crucial to identify all associated costs, such as:- Identify all processing fees.- Check for foreclosure or prepayment penalties.- Review penalty charges for delayed payments.Checking the full cost of borrowing helps you select an affordable Personal Loan option. 7. Repayment Options Flexible repayment terms can help you manage your finances more effectively. Before finalising a loan, examine the repayment structure for:- Look for flexibility in the repayment tenure.- Check the availability of prepayment or early closure.- Review the auto-debit setup process. Flexible repayment terms allow you to manage your monthly budget without stress. 8. Customer Support Access Reliable customer support is essential for resolving any issues that may arise before, during or after the loan process. Assess support quality by checking:- Assess the availability of support channels like chat, email, or phone.- Look for prompt response times.- Review the grievance redressal mechanism. Timely assistance ensures any issues are resolved quickly. 9. Data Security Measures Since you will be sharing sensitive personal and financial data, robust security measures are non-negotiable. Ensure the app has strong data protection protocols by looking for:- Verify the protection of personal and financial information.- Ensure the presence of secure login methods.- Check whether the platform complies with the Reserve Bank of India (RBI) guidelines and adheres to established BFSI norms. Strong security systems keep your sensitive data safe from unauthorised access. 10. User Reviews and Ratings Reviews from existing customers offer valuable insights into the lender's reliability and service quality. Investigate the app's reputation by checking: - Read feedback from existing users on app stores.- Identify consistent issues.- Look for positive experiences regarding disbursal speed.Checking user reviews gives you a realistic view of the service quality. Common Mistakes to Avoid When selecting a loan app, borrowers often make mistakes with long-term financial consequences. Being aware of these common pitfalls can help you navigate the process more effectively.- Not comparing multiple lenders: This can result in accepting a loan with higher interest rates and less favourable terms.- Ignoring additional charges: Overlooking the fine print, including processing fees and late payment charges, can lead to unexpected expenses.- Prioritising approval speed: Favouring speed over interest rates and repayment terms can result in a more expensive loan. Avoiding these errors is essential to securing a loan that meets your needs. ConclusionComparing features before selecting a Personal Loan app is a necessary step for every borrower. Making informed decisions when applying for credit helps protect your financial health. Evaluate the interest rates, fees, and security measures carefully. Choosing a reliable lender like Hero FinCorp ensures transparent terms and dependable support. Remember to assess your repayment capacity and read the loan agreement completely before you accept the loan offer. (ADVERTORIAL DISCLAIMER: The above press release has been provided by VMPL. ANI will not be responsible in any way for the content of the same.)
New Delhi [India], December 2: The IVCA GreenReturns Summit 2024 commenced today in New Delhi, convening over 400 visionaries, investors, policymakers, and entrepreneurs to chart a transformative path for India's green economy. The Summit is dedicated to aligning India's climate goals with its trillion-dollar economic aspirations for a 'Viksit Bharat,' spotlighting high-impact investment opportunities, addressing funding gaps, and driving actionable solutions for net-zero and climate adaptation. Also Read | Mamata Banerjee Says West Bengal Yet To Get INR 14,000 Crore From Centre for Supply of ...Read More >
The Reserve Bank of India raised the interest rate caps on Foreign Currency Non-Resident Bank (FCNR-B) deposits to attract more capital inflows, amid pressures on the rupee. Starting December 6, banks can offer higher rates -- up to 400 basis points for 1-3 year deposits and 500 basis points for 3-5 year deposits -- until March 31, 2025. This move comes as the rupee faces volatility.The Reserve Bank of India on Friday announced a raise in the interest rate caps on the Indian diaspora's foreign cu ...Read More >
NEW DELHI (Reuters) - India's retail inflation eased in November as soaring vegetable prices moderated, boosting expectations of an interest rate cut by the central bank at its next policy review amid concerns around slowing growth. Retail inflation eased in November to 5.48%, lower than 6.21% in the previous month and below a 5.53% forecast by economists in a Reuters poll. Food inflation slowed down to 9.04% from 10.87% a month earlier. Food accounts for nearly half of the consumption basket. Vegetable prices rose 29.33% in November from a year earlier after rising 42.18% in October. Indi ...Read More >
Bengaluru (Karnataka) [India], December 13: IIFL Capital Services Limited (formerly IIFL Securities Limited) today announced the unveiling of its state-of-the-art office in Bengaluru, dedicated to wealth management services for High Networth Individuals (HNIs) and Ultra High Networth Individuals (UHNIs). IIFL Capital Services is one of the largest wealth managers in India, with about $30 billion (Rs 2.5 lac crore) worth of assets under management, advice and custody. Also Read | Big score is just around the corner for Steve Smith, Skipper Pat Cummins Backs Star Batter Ahead of IND vs AUS 3rd ...Read More >
The Reserve Bank of India (RBI) on Friday received the second bomb threat in less than a month. The Reserve Bank of India (RBI) on Friday received the second bomb threat in less than a month, which was reportedly delivered via email in Russian language to the bank's official website. Acting on the bank's complaint, the Mumbai Police launched an investigation and filed a case against an unknown individual at the Mata Ramabai Marg (MRA Marg) police station. The Zone 1 DCP of the Mumbai Police sa ...Read More >
New Delhi [India], January 8 (ANI): The upcoming union budget 2025-26 should focus on giving personal tax relief to common taxpayers by raising the basic exemption limit in the new tax regime from Rs 3 lakhs to Rs5 lakhs and reducing tax rates, suggests global consulting and professional services firm Ernst & Young India (EY India). EY India also asks for deferring tax deduction at source (TDS) on PF interest rate (above 2.5 lakhs) until the withdrawal stage to reduce compliance burden. In the previous budget TDS rate rationalization was undertaken to a certain extent. To further simplify th ...Read More >
Mumbai, Jun 5 (PTI) The rupee snapped its two-day losing streak and closed 8 paise higher at 85.79 against the US dollar on Thursday, supported by positive domestic equities and a rise in Asian currencies. Forex traders said overnight softening of crude oil prices favoured the rupee. However, a strong US dollar index capped sharp gains. Besides, market participants are now keenly awaiting the outcome of the Reserve Bank of India's (RBI's) monetary policy meeting for further cues, they said. At the interbank foreign exchange, the domestic unit witnessed a volatile trading session -- it opene ...Read More >
Guwahati, Jun 5 (PTI) The Assam Congress on Thursday demanded a CBI inquiry into alleged illegal stone mining in Karbi Anglong district in violation of a Supreme Court order. Addressing a press conference here, former Rajya Sabha member Ripun Bora also alleged that Karbi Anglong Autonomous Council Chief Executive Member Tuliram Ronghang was allowing illegal activities in the district in nexus with Chief Minister Himanta Biswa Sarma. "Large-scale illegal stone mining is taking place in the hills of Karbi Anglong in violation of the Supreme Court order. The SC had banned mining in and around K ...Read More >
Former Delhi Chief Minister Arvind Kejriwal announced several pre-election promises targeting auto drivers. These include a ₹10 lakh insurance policy, ₹1 lakh for daughters' marriages, a biannual ₹2,500 uniform allowance, free coaching for their children, and the relaunch of the 'PoochO' ride-booking app. Kejriwal and the AAP are campaigning to secure a third term in the upcoming February elections.Ahead of crucial Delhi assembly polls, Arvind Kejriwal promised several measures for auto dri ...Read More >
New Delhi, [India], December 11 (ANI): The Supreme Court has expressed concern over the growing tendency to misuse Section 498A of the Indian Penal Code (IPC), which penalises cruelty by husbands and their relatives against married women. While quashing a Section 498A IPC case against a husband and his parents, a bench of Justices BV Nagarathna and N Kotiswar Singh said that the Section became a tool for unleashing personal vendetta against the husband and his family by a wife. Also Read | RBI Will Remain Alert and Agile to Meet Challenges, Says New Governor Sanjay Malhotra (Watch Video). " ...Read More >
BusinessWire India Noida (Uttar Pradesh) [India], December 11: Comprehensive insurance policies are very helpful for two-wheeler owners as they protect them from financial losses incurred on their own vehicles and also cover third-party liability. Because of its all-round nature, many refer to them popularly as 'package' insurance. However, in India, many people do not opt for comprehensive two-wheeler insurance as the government has not made it compulsory. However, it is highly recommended that two-wheeler owners get one, and we have covered the reasons for this in this guide. How are Comp ...Read More >
New Delhi [India], December 12: The results for CLAT 2025, announced on December 7, 2024, have once again proven why Law Prep Tutorial is India's most trusted name in CLAT coaching. With an incredible 1310 National Law University (NLU) selections, including 38 students within AIR 100 and 5 in the Top 10 ranks, the institute has set a new benchmark in CLAT preparation. Also Read | What Is Mahila Samman Yojana, Announced by Arvind Kejriwal? Know Everything Including Eligibility, Benefits and How to Apply. These results highlight Law Prep Tutorial's unmatched commitment to excellence and its co ...Read More >
Tirupati (Andhra Pradesh) [India], January 28 (ANI): Ahead of the scheduled launch of the GSLV-F15 rocket on Wednesday, ISRO Chairman V. Narayanan visited the Chengalamma Parameshwari Temple in Tirupati and offered special prayers. The countdown for the 100th rocket launch from the Satish Dhawan Space Centre (SHAR) will begin on Wednesday at 2:53 am ahead of the scheduled launch of the GSLV-F15 rocket at 6:23 AM. Also Read | Hyderabad Murder Case: Ex-Serviceman Gurumurthy Who Killed Wife, Chopped, Boiled and Burnt Body Pieces Arrested. ISRO has completed all preparations to launch the NVS-0 ...Read More >
New Delhi [India], February 7 (ANI): The Delhi High Court on Friday ruled against the use of logos and images related to Ratan Tata and Tata Trusts, acknowledging that Tata is a well-known trademark and that the late Ratan Tata is a prominent figure deserving of name protection. Justice Mini Pushkarna's bench, while hearing a lawsuit filed by the Sir Ratan Tata Trust and Tata Sons Pvt Ltd issued an injunction against Rajat Srivastava, who had been planning to organize an award ceremony named the 'Ratan Tata Icon Award.' Also Read | Rahul Gandhi Claims More Voters in Maharashtra Than Total Ad ...Read More >
New Delhi [India], May 28 (ANI): The Union Cabinet on Wednesday approved the continuation of the interest subvention component under the Modified Interest Subvention Scheme (MISS) for farmers for the financial year 2025-26, and approved required fund arrangements. It is a Central Sector Scheme aimed at ensuring the availability of short-term credit to farmers at an affordable interest rate through Kisan Credit card (KCC). Also Read | Parcel Bomb Case: Odisha Court Convicts Accused Punjilal Meher, Sentences Him to Life Imprisonment. Under the Scheme: Farmers received short-term loans of up t ...Read More >
New Delhi [India], December 3 (ANI): India's real estate sector is entering a "sweet spot," supported by a unique combination of favourable factors expected to drive growth over the next three to five years, according to a UBS report. The report highlights multiple tailwinds for the residential sector, including record-low inventory levels, strong affordability, supportive regulations, and increased consolidation among developers. Additionally, factors such as urbanization, rising incomes, and potentially lower interest rates further bolster the outlook. The Indian property sector has been a ...Read More >
New Delhi - Hero MotoCorp, the world's largest two-wheeler manufacturer, has unveiled its latest electric offering, the VIDA V2 series. This launch signifies a significant stride in the company's electric vehicle (EV) journey, promising to revolutionize sustainable urban mobility. A Trio of Electric Powerhouses The VIDA V2 series comprises three variants: Each variant boasts a sleek, modern design and is available in eye-catching colors like Matte Nexus Blue-Grey and Glossy Sports Red. Power and Performance Redefined The VIDA V2 comes equipped with IP-67-rated removable batteries in three ...Read More >
New Delhi [India], December 10: Hari Darshan, a leading incense brand from Delhi, has been awarded the coveted title of "Best Brand of Northern India" at the 9th edition of the Agarbatti and Perfume Expo. This esteemed event, organized by Incense Media, a prominent industry forum, took place in Hyderabad from November 21st to 23rd at Itech Exhibition Center. Also Read | BGT 2024-25: Harbhajan Singh Backs Rohit Sharma To Bat at Number Six, Predicts Changes for Brisbane Test. Goldy Nagdev, the dynamic entrepreneur and Managing Director of Hari Darshan Group, proudly received the award on behal ...Read More >
Guwahati (Assam) [India], December 13 (ANI): AIUDF MLA and Party General Secretary Dr Rafiqul Islam responded to the Union Cabinet's approval of the 'One Nation, One Election' and labelled the bill "very difficult and almost impossible" to implement effectively, questioning its sustainability given the country's vast and diverse political landscape. The AIUDF MLA claimed that the BJP lacks the majority to pass the bill in Parliament and suggested it might be referred to a Joint Parliamentary Committee (JPC). Also Read | Atul Subhash Suicide Case: Wife Nikita Singhania Absconds, Karnataka Pol ...Read More >
Mumbai: The RBI is likely to reduce the key interest rate by 25 basis points this week after keeping it on hold for two years, complementing the Union Budget initiatives to push consumption-led demand, though the sliding rupee continues to be a concern. As the retail inflation has remained within the Reserve Bank's comfort zone (less than 6 per cent) for most of the year, the central bank can take rate action to boost growth hit by sluggish consumption, opined experts. The Reserve Bank of India (RBI) has kept the repo rate (short-term lending rate) unchanged at 6.5 per cent since February 20 ...Read More >
Vodafone Idea has launched an AI-powered Spam SMS solution to protect users from unwanted messages and potential fraud. The technology uses machine learning to detect and flag spam in real-time, with over 24 million messages identified since its testing phase. The solution complements existing measures like a user-friendly mobile app for filing complaints and reporting spam. Vi is also working on reducing unwanted voice calls and uses customer feedback for further detection. This initiative aims to provide proactive protection and safeguard customers' digital experience. Vodafone Idea's stock ...Read More >
Bengaluru, Dec 12 (PTI) Ride-hailing app Uber on Thursday launched 'Uber Moto Women,' a first-of-its-kind service in Bengaluru offering women-only bike rides, the company said. In a statement, Uber said that this on-demand two-wheeler service connects female riders with female drivers and is designed to address women's safety and mobility needs while "empowering female drivers with flexible earning opportunities". "Developed based on feedback from women riders and drivers, Uber Moto Women offers a safe, affordable, and convenient commute option for women who prefer to ride with female driver ...Read More >
Markets opened on a cautiously optimistic note on Wednesday, with the Sensex and Nifty showing marginal gains, while investors closely monitored global economic indicators and upcoming domestic policy decisions. The Sensex opened higher at 81,036.22 from its previous close of 80,845.75 and is currently trading at 81,168.92 as of 9.45 am, up by 323.17 points or 0.40 per cent. Similarly, the Nifty opened at 24,488.75 compared to its previous close of 24,457.15 and is now at 24,558.20, rising by 101 ...Read More >
New Delhi: Ahead of Kalki 2898 AD's grand Japan release on January 3, 2025, director Nag Ashwin shared heartfelt gratitude for the immense love from Japanese fans. With overwhelming responses pouring in, excitement for the film's international debut is soaring. Nag Ashwin took to Instagram story section and shared a deeply moving post, featuring a picture of letters from Japanese fans, some of whom went the extra mile to write in Telugu script. Along with the image, he shared an emotional caption, that reads, "V rarely get overwhelmed... but Japanese love is like that. Diff level. They learn ...Read More >
Mumbai (Maharashtra) [India], December 10 (ANI): The stock market ended Tuesday's trading session on a subdued note, with the benchmark indices showing little movement. The Sensex edged up by 1.59 points, closing at 81,510.05, while the Nifty declined by 8.95 points to end at 24,610.05. Also Read | Parliament Winter Session 2024: Congress, INDIA Bloc Allies Move No-Trust Motion Against Rajya Sabha Chairman Jagdeep Dhankhar; Alleges 'Proceedings in Upper House Conducted in Partisan Manner'. In the Nifty pack, 23 stocks advanced, while 27 ended in the red. Among the top gainers were Shriram F ...Read More >
New Delhi [India], December 12 (ANI): The gross NPA ratio of public sector banks declined to 3.12 per cent in September 2024 from 4.97 per cent in March 2015 and a peak of 14.58 per cent in March 2018, the government stated on Thursday, reaffirming the robustness of the banking system. The government emphasised its proactive support for the banking ecosystem, addressing both business needs and employee welfare to ensure stability, transparency, and growth. Also Read | Places of Worship Act Validity: Supreme Court Restrains Courts in Country Not to Entertain, Pass Orders on Suits Related to R ...Read More >
Mumbai (Maharashtra) [India], February 3 (ANI): Monday kick-started on an exciting note for the fans of actor Prabhas as his first look as 'Rudra' was unveiled in the morning. The poster features him in the guise of a hermit, his matted hair flowing wildly, his forehead smeared with sacred chandan, gripping a crescent moon staff that hints at divine power and celestial energy. Sharing his look from the film, Prabhas on social media wrote, " (Om symbol) The Divine Guardian 'Rudra' (Om symbol) Unveiling my look as 'Rudra'. The embodiment of strength and wisdom as the unwavering protector in #K ...Read More >
New Delhi [India], June 2 (ANI): The Supreme Court on Monday declined to entertain a petition alleging that the Assam government has reportedly launched a "sweeping and indiscriminate drive" to deport persons suspected to be foreigners to Bangladesh. A vacation bench of Justices Sanjay Karol and Satish Chandra Sharma asked the All BTC Minority Students Union (ABMSU) to approach the Gauhati High Court for appropriate relief. Also Read | INR 2,000 Currency Notes Worth INR 6,181 Crore Still in Circulation After Withdrawal 2 Years Ago, Reveals RBI Data. The petitioner said that the state of Ass ...Read More >
Stock market today: The Indian stock market clocked healthy gains for the third consecutive session on Tuesday, December 3, led by gains in shares of select heavyweights, including Reliance Industries, HDFC Bank and Larsen and Toubro. Benchmark index Nifty 50 jumped 0.70 per cent to the level of 24,445.80, breaking above its 50 and 100-day exponential moving averages (DEMA). According to Trendlyne, an equity research platform, Nifty 50 is above its 100-day EMA of 24,306 and 50-day EMA of 24,364. However, the index is yet to breach its 50-day and 100-day simple moving averages (SMAs) of 24,643 ...Read More >
Mumbai (Maharashtra) [India], December 4 (ANI): Legendary cricketer Sachin Tendulkar announced on Wednesday that his daughter Sara Tendulkar has joined the Sachin Tendulkar Foundation (STF) as director. In a post on X, Sachin Tendulkar said he was "overjoyed" to share the news. Also Read | Newcastle United vs Liverpool Premier League 2024-25 Free Live Streaming Online: How To Watch EPL Match Live Telecast on TV & Football Score Updates in IST?. Sachin said that Sara embarked on this journey to empower the nation through sports, healthcare, and education. "I'm overjoyed to share that my dau ...Read More >