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A higher credit score not only improves the chances of loan approval but also determines the interest rate and repayment terms offered by the lender. Lenders such as banks and NBFCs share repayment information with credit information companies, which calculate the score. This score significantly influences loan accessibility and affordability. It is, therefore, important to understand what a credit score is, how it is decided, and what you can do to improve it. How credit scores helpA credit score is beneficial not only to people seeking loans but also serves as an important tool for lending companies. It is an…
(Bloomberg) — Lawyers for Justin Sun and for the US Securities and Exchange Commission are seeking a stay in the regulatory proceedings against the crypto entrepreneur. Most Read from Bloomberg According to the Wednesday filing, “the Parties submit that it is in each of their interests to stay this matter while they consider a potential resolution and agree that no party or non-party would be prejudiced by a stay.” The request, which follows a similar pause in the case against Binance Holdings Ltd., is the latest example of a dramatic shift in the regulatory climate for digital assets in the…
BEIJING — U.S. chip giant Nvidia has flagged heightened competition from Huawei, despite U.S. restrictions on the Chinese telecommunications company.In an annual filing Wednesday, Nvidia listed Huawei among its current competitors, including it in the list for a second straight year. The company, blacklisted by the U.S. for national security reasons, did not feature among Nvidia’s competitors for at least three prior years.Nvidia listed Huawei among its competitors in four of five categories, including chips, cloud services, computing processing and networking products.”There’s a fair amount of competition in China,” Nvidia CEO Jensen Huang told CNBC’s Jon Fortt Wednesday.”Huawei, other companies,…
I bought an under-construction house in September 2023 and have made several payments toward it. Here is a breakdown of the expenses I have incurred so far:In 2023, I made an initial payment of ₹5.5 lakh as a token amount to the builder. I also paid ₹4 lakh to the government as stamp duty and other charges. I would like to understand whether any of these payments can be carried forward for tax exemption in financial year 2024-25, and if so, under which sections.Also read: How credit scores can make or break your chances of securing a loanMoving to 2024,…
Investors having demat accounts with the National Securities Depository Ltd (NSDL) and Central Depository Services Ltd (CDSL) can now access their holdings across the two platforms in one place.On 20 February, NSDL and CDSL, in collaboration with the Securities and Exchange Board of India (Sebi), launched apps that consolidate an investor’s financial data and offer a seamless and comprehensive view of their portfolios on a single interface.These unified platforms are meant to offer significant convenience to India’s millions of demat account holders. According to Sebi’s annual report for 2024, CDSL had 115.6 million demat accounts and NSDL had 35.8 million…
(Bloomberg) — With the so-called Trump bump fading across markets, Bitcoin options are showing that investors and traders are hedging against a decline in the cryptocurrency to levels last seen just after election day. Most Read from Bloomberg The open interest, or the number of outstanding contracts, for put options with a strike price of $70,000 is the second highest among all contracts expiring on Feb. 28, according to data from Deribit, the largest crypto options exchange. A total of $4.9 billion in open interest is set to expire on Friday. Bitcoin has tumbled roughly 20% from a record high…
The government is working on a universal pension scheme that will be offered to all citizens, including those in the unorganised sector, reported NDTV on Wednesday, citing Labour Ministry sources.Currently, workers in the unorganised sector do not have access to pension schemes such as the National Pension Scheme (NPS), but they can subscribe to Atal Pension Yojana (APY).Under the APY, subscribers receive a guaranteed minimum pension of ₹1,000, 2,000, 3,000, 4,000, or 5,000 per month after the age of 60 years until death, depending on their contributions.What is the new universal pension plan?The Labour Ministry is contemplating a universal pension…
On Wednesday, the global crypto market plunged to $2.7 trillion, as Bitcoin, Ether, Dogecoin, and other cryptocurrencies saw their worst performance in months. This sharp decline triggered liquidations exceeding $700 million, according to CoinGlass. “The cryptocurrency market has been under pressure for the past few days,” said Sergei Gorev, Head of Risk at YouHodler. Bitcoin’s price sank to $83,883 on Wednesday afternoon, while Ether dropped to $2,307. Bitcoin recently hit its lowest price since November 2024, while Ether reached its lowest value since September 2024. “Ethereum’s recent decline is primarily driven by broader market sentiment,” said Ruslan Lienkha, Chief of…
(Bloomberg) — It’s never been more expensive to go on vacation during spring break. This year the average trip from March 12-21—determined to be the peak period for school breaks—costs $8,306. That’s more than double what it cost in 2019 and 26% more than it did last year, according to Florida-based Squaremouth, a travel insurance comparison engine. To crunch those numbers, Squaremouth examined the value of 6,000 trips from Feb. 20 to April 15, 2025. (Cost of travel must be submitted when purchasing insurance.) The company also surveyed 8,000 US travelers about their plans, finding that at least 40% of…
Bitcoin tumbled below $84,000 on Wednesday, sliding more than 5% in the past 24 hours, as U.S. President Donald Trump announced plans to impose a 25% tariff on the European Union. Speaking during his first cabinet meeting, Trump said, “We have made a decision, and we’ll be announcing it very soon. It’ll be 25 per cent,” as reported by the Financial Times. The president also criticized the EU’s trade practices, claiming that “the EU was formed to screw the US.” Stocks turned lower on Wednesday, reversing earlier gains, with the S&P 500 heading for its fifth consecutive day of declines.…