Credit cards are a double-edged sword. They offer unmatched convenience, rewards, and a way to build credit history, but if mismanaged, they can quickly lead to high-interest debt. Here’s a guide to using your credit card wisely to ensure financial security and maximize its benefits. 1. Understand Your Credit Card Terms Thoroughly * Interest … Read more
India's coal production from captive and commercial mines has exceeded 100 million tonnes (MT) in the current fiscal (as of November 8) which is a 33 per cent year-on-year growth, the government said on Saturday. This time, the feat was achieved nearly 100 days earlier than the previous financial year, which was achieved in … Read more
Selecting the right home loan is a pivotal step in the journey to homeownership in India. A well-informed decision can lead to significant financial benefits, while missteps may result in long-term challenges. This comprehensive guide aims to assist prospective homeowners in navigating the complexities of home loans and highlights common pitfalls to avoid. * Understanding … Read more
The market outlook for next week will be guided by key macroeconomic data and the last round of Q2 earnings. India is set to release Consumer Price Index (CPI) and Index of Industrial Production (IIP) data on November 12, with Wholesale Price Index (WPI) data expected on November 14. Globally, the US inflation report on … Read more
Indian shares are set to open little changed on Monday, after logging five weeks of losses in six on Friday, as concerns over dull earnings and sustained foreign outflows continued to pressure domestic equities. The Gift Nifty futures were trading at 24,125.5, as of 08:02 a.m. IST, indicating that the benchmark Nifty 50 will open … Read more
The Indian rupee may slip to an all-time low at open on Monday, as lingering worries over the impact of Donald Trump's win pressure Asian currencies. The local currency will rely on intervention by the Reserve Bank of India (RBI) for support, traders said. The 1-month non-deliverable forward indicated that the rupee will open at … Read more
Gold prices fell for a second straight session on Monday, while investors prepared for U.S. economic data and comments from Federal Reserve officials this week for more clarity on the future direction of U.S. interest rates. Spot gold dropped 0.5% to $2,669.22 per ounce, as of 0306 GMT. U.S. gold futures fell 0.7% to $2,675.90. … Read more
Oil prices extended declines on Monday as the threat of a supply disruption from a U.S. storm eased and after China's stimulus plan disappointed investors seeking fuel demand growth in the world's No. 2 oil consumer. Brent crude futures dropped 19 cents, or 0.3%, to $73.68 a barrel by 0104 GMT while U.S. West Texas … Read more
Hong Kong stocks led declines in Asia on Monday after Beijing's latest stimulus fell short of investor expectations, overshadowing Wall Street's record highs from Friday and futures pointing to further strength at the reopen. Bitcoin climbed to an all-time high as Donald Trump's victory in the U.S. presidential election along with pro-crypto candidates being voted … Read more
Oil prices settled more than 2% lower on Friday as traders grew less fearful of prolonged supply disruptions from a hurricane in the U.S. Gulf of Mexico, while China's latest economic-stimulus packages failed to impress some oil traders. U.S. West Texas Intermediate futures led the decline and settled at $70.38 per barrel, down by 2.7%, … Read more