Author: Finance Khabar
For many, buying a home is a cornerstone of achieving financial stability and personal fulfillment. However, turning this aspiration into reality requires significant financial planning, especially when it comes to securing the funds necessary for purchase. With a plethora of financial institutions offering varied home loan rates, finding the most affordable option is crucial. Public Sector Banks: Leading the Charge In the realm of public sector banks, competitive interest rates make them a go-to choice for many prospective homeowners. These institutions offer a range of interest rates, catering to different loan amounts. For instance, starting rates can be as low…
Applying for a loan is a significant financial decision that can impact your credit score, a critical factor lenders consider when evaluating your loan application. Understanding how the application process affects your credit can help you make more informed decisions and maintain a healthy credit profile. Initial Credit Check: Hard Inquiry When you apply for a loan, the lender will perform a “hard inquiry” or “hard pull” on your credit report to assess your creditworthiness. This inquiry is recorded on your credit report and can cause a temporary dip in your credit score. Typically, a single hard inquiry might lower…
Inflation is a key economic factor that affects various financial products and investments, including fixed deposits (FDs). Understanding how inflation interacts with FDs is crucial for investors looking to preserve their wealth and ensure their savings maintain purchasing power over time. In simple terms, inflation refers to the rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling. The Basics of Fixed Deposits and Inflation Fixed deposits are a popular investment choice for those looking for a safe and predictable return. Banks and financial institutions offer FDs at a fixed…
In a bold move to streamline operations and enhance governance, India’s digital payments giant Paytm, along with its payments bank unit, has decided to terminate various inter-company agreements. This decision, aimed at reducing dependencies, marks a significant shift in the company’s strategy to ensure more autonomous operations. Paytm, officially known as One 97 Communications, hasn’t disclosed the specifics of the agreements ended but emphasizes the move’s importance in supporting the Paytm Payments Bank’s governance, independent of its shareholders. The company’s leadership structure has also seen adjustments, with CEO Vijay Shekhar Sharma owning a 51% stake in Paytm Payments Bank, while…
Family health insurance is more important than ever to protect health and ensure the well-being of your family. They guarantee that you and your loved ones have high-quality medical care without bothering about the financial burden of medical costs. But more than that, health insurance planning is required. Health insurance planning is an essential aspect of family planning. It results in the wise use of an insurance policy to ensure that you get the best medical treatment while keeping your out-of-pocket expenses to a minimum. In this article, you’ll learn how to use your family healthcare insurance plan wisely. Tips…
Embarking on the journey to homeownership is a milestone event filled with anticipation and aspirations. One of the fundamental steps in making this dream a reality is planning your finances for a home purchase. If you are looking at securing a home loan, then knowing the various nuances of a home loan application can be helpful in your journey. Home loan is a process that, while detailed, can be navigated smoothly with the right information and preparation. This article aims to illuminate the path to applying for a home loan, offering insights and guidance to help aspiring homeowners through each…
India, 27th February 2024: Truecaller, the leading global platform for verifying contacts and blocking unwanted communication, is proud to announce a prolonged and deepened partnership in India with Tanla, India’s leading CpaaS provider. In 2022, Truecaller and Tanla started their partnership with Truecaller’s Business Messaging platform that helps enterprises connect with their customers with rich, interactive messaging experiences.Now, with the extension of this partnership to form a master distributor model, Truecaller through Tanla is opening up access to the Truecaller Business Messaging product in India also to other cPaaS and communication focused companies so that they can leverage Truecaller’s trusted…
New Delhi: – Dabur, a pioneer in Ayurvedic wellness, proudly announces the launch of its latest campaign, “Exam Time, Dabur Chyawanprash Time,” aimed at addressing the physical and mental wellbeing required for students during exam preparations. “It is a known fact that the preparation for exams can often be overwhelming for Students, manifesting in physical exhaustion and mental stress. Anxiety can lead to confusion and a lack of concentration, hindering academic performance. In response to these challenges, Dabur Chyawanprash, a well-known Ayurvedic Health Supplement, provides a holistic solution. Formulated with a blend of traditional Ayurvedic herbs such as Amla, Guduchi…
Embarking on the journey of launching a startup is thrilling, yet the aspect of funding it can often seem daunting. In this article, we will explore various strategies to fund your startup. Personal Savings and Assets For many entrepreneurs, personal savings are the first go-to source for startup capital. Using your own money means you don’t have to give up equity or pay interest on loans. However, this option requires having substantial savings and the willingness to risk your own financial security. Bootstrapping Bootstrapping means starting and growing your business without external help, reinvesting initial profits back into the business.…
When companies decide to merge with or acquire another business, the process is complex and multifaceted. This is where investment banks step in, playing a pivotal role in ensuring these high-stake transactions are successful. Let’s break down their role. Advisory Services One of the primary roles of investment banks in M&A is offering expert advice. They guide their clients through the intricate process, advising on the transaction’s strategic aspects. This includes evaluating potential targets or suitors, providing valuation analyses, and suggesting optimal transaction structures. Their expertise ensures that companies make informed decisions, maximizing benefits and minimizing risks. Financing Solutions Mergers…
Did you know that your equity investments could also be a key to saving on taxes? Yes, that’s right! By making smart moves before the fiscal year ends on March 31, you can optimize your tax savings, especially when it comes to your equity shares or equity-oriented mutual funds. Firstly, it’s important to understand that any long-term capital gains (LTCG) you earn from these investments are tax-exempt up to Rs 1 lakh. This is applicable only if you’ve held these investments for more than 12 months. But remember, this benefit resets every financial year, meaning you can’t carry it over…
Meerut – February 19, 2024 – CANDERE by Kalyan Jewellers, one of the leading online jewellery brands in India, is pleased to announce the opening of its new store in Meerut, Uttar Pradesh. The store is located at Garh road and will offer a wide range of exquisite diamond and gold jewellery collections for customers to choose from. The new store is part of CANDERE’s expansion plan to reach more customers across the country and provide them with a convenient and personalized shopping experience. Customers can browse, try, and buy jewellery from the store, or order online from CANDERE’s website…
The Permanent Account Number (PAN) is an indispensable identification document for taxpayers in India, applicable to individuals, companies, and firms alike. Obtaining a PAN card is a pivotal step in managing financial transactions and complying with tax regulations. This comprehensive guide explores the process of applying for a PAN card through the NSDL (National Securities Depository Limited), covering online and PAN Application Centre methods, tracking the application status, downloading the e-PAN, and reprinting the card if needed. About NSDL National Securities Depository Limited (NSDL) is a central securities depository based in India, playing a pivotal role in the country’s financial…
Learn what a Credit Pass is, how it works, and how it can help you improve and maintain your credit health. Imagine you’re planning to buy your dream car. You’ve saved enough for the down payment and are confident about getting a loan for the rest of the amount. You approach a bank and apply for a car loan. However, much to your dismay, your application is rejected. Why? Your credit score is too low. What is a credit score and why does it matter? How can you improve your credit score and avoid such situations going forward? Is there…
Navigating the maze of credit card applications can feel daunting. But fear not! With a few smart strategies, you can smooth the path to a quick credit card approval. Here’s how to fast-track your way to that coveted piece of plastic. Know Your Credit Score First things first, your credit score is like your financial fingerprint. Lenders use it to gauge how reliable you are with money. Generally, a score of 700 or above is considered good. You can check your score for free through many online services. Knowing where you stand can help you target the right cards. Aim…
New Delhi – Company is offering 5,14,88,00 Equity shares (Fresh Issue) of Rs. 10 Face value at an issue price range of Rs. 75-79 per share on NSE Emerge, SME Platform of NSE. Zenith Drugs IPO Details: ● Public issue opens for subscription from Monday 19th February, 2024 and closes on Thursday 22nd February , 2024● Minimum lot size for application is 1600 shares per lot.● Funds raised through the issue will be used for capital expenditure in its facilities, working capital requirements and general corporate purposes and Issue Expenses.● For the financial year ended 31 March FY 2023, company…
Kidney failure, Liver Failure, Cancer & Heart Problems Can Be Treated through Ayurveda and Natural Healing at HIIMS: Acharya Manish Meerut, February 17, 2024: Successful treatment of kidney failure, liver failure, cancer, and heart problems is possible with Ayurveda and Natural Healing, said Acharya Manish and Dr Biswaroop Roy Chowdhury (BRC) at a press meet held at HIIMS Meerut today. Dr. BRC released a groundbreaking study- Tailoring is the Healthiest Profession through his new book, Let Your 2nd Heart HELP. The study unveiled a surprising observation that tailors, despite their predominantly sedentary work, emerge as the healthiest group among us. The…
Muzaffarnagar, February 16, 2024: Leading agrochemical company Dhanuka Agritech Limited has introduced a new herbicide ‘Tizom’ that will help farmers in controlling weeds in sugarcane crop and enhance farm profitability from Sugarcane cultivation. Coinciding with introduction of Tizom, the company also launched 10 Mobile Audio-Video video vans which will move around in different parts of Uttar Pradesh to create awareness about benefits of using best agro-chemicals among sugarcane farmers in the state. Commenting on the introduction of Tizom, Mr. Rahul Dhanuka, Joint Managing Director, Dhanuka Agritech Limited said, “Tizom is a powerful addition to our already strong sugarcane solutions, and…
In a surprising turn of events, a recent investigation has revealed that insurance agents may have received an astonishing sum of over Rs 25,000 crore in extra commissions. This wasn’t through straightforward means, but rather through a complex network of intermediary companies, also known as ‘benami’ companies. Imagine you’re buying insurance, and the agent helps you choose the right plan. Normally, these agents get a commission, which is like a thank-you amount from the insurance company for selling their policy. However, there are rules on how much commission they can get. But some agents, with the help of over 60…
A part of Amway India’s Project Nari Shakti focused on promoting women’s empowerment and fostering economic sustainability for the less privileged women. New Delhi– In a steadfast commitment to community development, Amway India, one of the leading FMCG Direct Selling companies, championed the cause of women empowerment amongst less privileged with the introduction of ‘Pehal’ under its Nari Shakti Project in collaboration with its NGO partner, Deepalaya. Unleashing the potential of a collective endeavor, Pehal stands as a unique platform empowering less privileged women to initiate and establish sustainable enterprises for economic sustainability. Functioning as both a production center and…