News

LATEST NEWS  – Have you ever been hounded by telemarketers urging you to apply for a loan? Calls, text messages, WhatsApp or even meeting you in person, representatives of financial companies leave no stone unturned when it comes to convincing you to take a loan. But how is the  LOAN ELIGIBILITY  application processed? Do lenders really bend over backwards to hand you the loan cheque? It does not quite work that way. Yes, sales personnel employed by financial institutions are aggressive in their attempts to lure you. They have to be; their commissions depend on it. And if one takes the bait and applies for a loan, the situation is likely to change by the time the application is processed. It is the borrower who is expected to satisfy the credit parameters and fulfil all the eligibility criteria for the Home Loan. Let’s get down to the basics. What do you think is the main eligibility criteria for taking a Home Loan? The simple answer is the borrower’s ability to repay the

WHY DO PEOPLE PREFER PERSONAL LOANS There are many factors that make Personal Loans more attractive. Easy to get:  Personal Loans are easier to obtain than many other types of loans. Flexible usage:  You can use the funds in a variety of ways. You can use it to pay for a vacation or a medical emergency. You can use it to fund a wedding, renovate a house, and more. Quick process:  It can take as little as three days to get approval for a Personal Loan. Just make sure you have all the necessary documentation. No collateral:  Personal Loans are unsecured loans. In other words, they are not backed by any collateral. This helps reduce the documents required for your loan application or even the duration of the vetting process. You can even apply for a  PERSONAL LOAN  from the convenience of your home. All you need to do is visit the lender’s website. An application for a Personal Loan from Bajaj Finserv , for instance, usually takes seconds for approval and you can get funds o

Pratap Simha, BJP MP from Mysuru, compared her to dreaded gangster Dawood   The campaign of   Gurmehar Kaur   a Kargil martyr’s daughter, against the Akhil Bharatiya Vidyarthi Parishad (ABVP) on Monday drew controversial reactions from Bharatiya Janata Party (BJP) leaders with Union minister Kiren Rijiju wondering who was “polluting” her mind and another comparing her with wanted gangster Dawood Ibrahim. Pratap Simha, BJP MP from Mysuru, tweeted, “At least Dawood did not use the crutches of his father’s name to justify his anti-national stand.”     His tweet came as Kaur’s campaign went viral online with her photograph in which she said, “Pakistan did not kill my father. War killed him.” To mock her, Simha also posted a photograph showing Dawood with the message, “I didn’t kill people in 1993. Bombs killed them.” Rijiju also took to Twitter to take a dig at her. “Who’s polluting this young girl’s mind? Strong armed forces prevent a war. India never attacked an

Price in India, other countries can fluctuate a little bit because of taxation and cost factors Finnish mobile device player Nokia is in reboot mode as it gets ready to bring to India its 17-year-old iconic   Nokia 3310   handset for about Rs 3,500, along with its Android smartphones, next quarter. "All the products that we have announced Nokia 3310, Nokia 6, Nokia 5 and Nokia 3 will be available in the second quarter of this year in India. Average global selling price for Nokia 3310 is 49 euros," HMD Global Oy Chief Marketing Officer Pekka Rantala said. HMD Global has licence to design and sell Nokia branded phones globally as well as use technologies developed by Nokia Corporation. Also Read :   Technology News, Latest Technologies, Products, Gadgets, Gizmos, Trends from India and the World "Now, we are celebrating the new era of Nokia brand that is the reason we are with HMD Global. Let me also be very clear that we would not license the Nokia brand to j

There was high drama when the award for best film was announced at the 89th Acacdemy Awards The 89th Academy Awards ceremony took place at Los Angeles earlier this morning. La La Land got 14 nominations, including thumbs up for Emma Stone, Ryan Gosling and Damien Chazelle. It bagged the   Oscars 2017   in 6 of these categories, narrowly missing out on the award for the the best film. It won the awards for best director, best actress, best original score and best original song for City of Stars. Here are the details: Best Director-Damien Chazelle Damien Chazelle, the Hollywood wunderkind behind this year's most loved movie "La La Land", became the youngest filmmaker to win best director trophy at the 89th Academy Awards today. Six years in the making, it was a dream project for 32-year-old Chazelle who wanted to pay tribute to old Hollywood musicals with his LA-set story of ambition and romance. In his speech, Chazelle recognised his fellow nominees and his stars

Shiv Sena is leading in 84 seats, BJP 80, while Congress 31 in BMC The ruling   Shiv Sena   appeared all set to retain control over the BrihanMumbai Municipal Corporation (BMC), India's biggest and richest civic body, election officials said on Thursday. The Bharatiya Janata Party (BJP) was pushed to a distant second slot in Mumbai in the civic body elections held across Maharashtra. Of the 227 BMC seats, the Sena led in 84, still short of the 114 needed for a simple majority. The BJP had won 80 seats while the Congress was at a distant third with 31 seats to its credit. The Maharashtra Navnirman Sena (MNS) was poised to win 10 seats, the Nationalist Congress Party (NCP) eight and the All Indian Majlis-e-Ittehadul Muslimeen four. Stunned by the outcome, Mumbai Congress president Sanjay Nirupam offered to resign from the post. Buoyed by its imminent victory in Mumbai, Shiv Sena supporters celebrated across Mumbai. The BMC had an annual budget of Rs 37,000 crore i

The growth of digital payment services is fueled by introduction of apps and services by the NPCI As India leaps toward a digital economy, the adoption of digital payment platforms is on the rise as well. Before the demonetisation drive, which started on November 8, 2016, there were a handful of digital wallet services -- PayTm, FreeCharge and MobiKwik. But, none of them offered comprehensive   digital payments   structure and had their own limitations. As the government shifts focus toward cashless society, it also pushed a bouquet of digital payment options in the form of apps and USSD services like BharatQR code, Unified Payments Interface (UPI), BHIM app, and National Unified USSD Platform. These services were introduced alongside existing banking services such as internet banking, mobile banking and immediate payment service (IMPS). Let’s take a look at these digital payment options and how they function: BharatQR code BharatQR code is a National Payments Corporation of In

Founders forego salary Once a success story of the burgeoning start-up ecosystem, Gurgaon-based online marketplace   Snapdeal   on Wednesday said it would cut more jobs, stop paying its founders and sell its digital wallet FreeCharge. Co-founder Kunal Bahl, in an email to employees on Wednesday, finally accepted tough decisions— including letting go of people and a full pay cut for him— are being taken. It has also put on sale FreeCharge and is in talks with Naspers, the South Africa-based internet group, to sell it for $300 million. “We are combining teams, reducing layers, eliminating non-core projects and strengthening the focus on profitable growth. Sadly, we will also be saying really painful goodbyes to some of our colleagues in this process. This is, by far, the hardest decision we have ever taken,” said Bahl. Though the company refused to divulge the exact number of people to be sacked, sources close to the development said 800 employees would be laid off over the n

Old telcos have sweetened their offerings considerably to take on the Reliance Jio challenge Reliance Jio   made a big announcement on Tuesday following which the road ahead doesn't look smooth for rivals Airtel, Idea Cellular, Vodafone, among others. Although the free services provided since its launch, including 1GB data at 4G speeds every day, unlimited voice calls and unlimited text messages will be over after 31 March, the operator has introduced a new plan called Jio Prime which will allow users to avail the facilities for another year at a nominal price. Here are the key points: Membership:   Jio Prime membership is limited to the 100 million existing Reliance Jio users as well as those who join the network before March 31, 2017. Cost:   All Jio members can enroll prime membership for a one time fee of Rs 99 (which is valid for one year). Additionally, to get the free mobile data and other benefits, users will need to pay another Rs. 303 per month for the next 12

He also wants to buy a house for his family IPL Auction 2017   : The Indian Premier League (IPL) 2017 auction spread smiles in a Hyderabad neighbourhood. There was a good reason too. Mohammed Siraj, the younger son of auto driver Mohammed Ghaus was picked up by Sunrisers Hyderabad for a staggering Rs 2.6 crore. As reporters made a beeline outside the cricketer's modest rented family house, he explained how he plans to use his money now."My father drove auto all these years but never let financial pressure of the family affect me or my elder brother. A bowling spikes costs a lot and he would just get the best for me. I want to buy a house for them now in a good locality," Siraj told The Quint. While Siraj wants his father to stop driving autos, his father wishes otherwise. "I will drive the auto as long as I have the strength. Why should I depend on sons?" Ghaus was quoted as saying by Mumbai Mirror. Interestingly, Siraj was often admonished by his mo

The buyback size works out to 2.85% of firm's paid up equity capital, at Rs 2,850 a share Tata Consultancy Services' (TCS')   board of directors has approved a proposal to buyback up to 5,61,40,351 equity shares of the company for an aggregate amount not exceeding Rs 16,000 crore, the company informed BSE in a filing. The buyback size works out to 2.85 per cent of the company's total paid up equity share capital, at Rs 2,850 per equity share. "The buyback is proposed to be made from the shareholders of the company on a proportionate basis under the tender offer route using the stock exchange mechanism in accordance with the provisions contained in the Sebi (Buy Back of Securities) Regulations, 1998, and the Companies Act, 2013, and rules made thereunder," the filing said. Further, the buyback size does not include any expenses incurred or to be incurred for the buyback like filing fees, advisory fees, public announcement publication expenses, print