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Bloomberg Quint
1w
209
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Converting Large Credit-Card Purchases Into EMIs? Interest Rates To Fees, Key Factors To Check
- Converting large credit purchases into EMIs has its benefits, but it can also come with certain disadvantages.
- Factors to consider when converting credit card purchases into EMIs include processing fees, interest rates and tenure, pre-closure charges, credit score impact, and reward points.
- Timely payments are crucial when opting for EMIs as defaults or delays negatively affect credit scores and limit future expenses.
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Bloomberg Quint
1w
142
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Newly Married? Take These 10 Steps To Manage Money Well With Your Partner
- Managing finances together is one of the smartest things you can do as a couple.
- Talk openly about money and share your financial details, goals, and debts from the beginning.
- Create a joint budget that tracks your incomes, expenses, and savings.
- Regularly communicate about your finances, update important documents, and seek advice from financial experts if needed.
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Bloomberg Quint
1w
234
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EPFO: How To Locate Your PF Account Number In Four Easy Ways
- Employees in India’s formal sector contribute to the Employees' Provident Fund (EPF) for building a retirement corpus.
- To track PF account details, employees can use their Universal Account Number (UAN) and log in to the EPFO website.
- The salary slip and the Umang app can also provide PF and UAN information.
- Employees have the option to visit their nearest EPF office and provide necessary details to get their account details.
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Bloomberg Quint
1w
255
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Credit Score: How Foreclosing A Loan Impacts Your Score
- Foreclosure results in a significant drop in the credit score, with its impact determined by various factors, such as the credit history before the process and other details.
- The foreclosure remains mentioned on the person's credit report for a period of seven years, making it difficult to qualify for new credit.
- Borrowers might face higher interest rates and other charges when applying for new credit or loans after foreclosure.
- A foreclosure can make it difficult for individuals to rent a new house, as property management firms often look into credit reports.
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Bloomberg Quint
1w
301
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Earthquake Of 5.8 Magnitude Hits Pakistan, Tremors Also Felt In Kashmir Valley
- An earthquake of 5.8 magnitude hits Pakistan, with tremors felt in the Kashmir Valley.
- Preliminary reports indicate no damages from the earthquake.
- The earthquake's epicenter was 60 km northwest of Rawalpindi.
- Tremors were also felt in India's Jammu & Kashmir region.
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Bloomberg Quint
1w
43
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UPI Faces Another Outage As Several Users Face Issue With Payments
- The Unified Payments Interface system has faced another outage, as several users were unable to process their payments on Saturday.
- Scores of Google Pay, PhonePe and Paytm users reportedly faced issues in accessing the UPI services.
- Around 79% of the users faced issued related to payments, whereas 19% were unable to transfer funds.
- The National Payments Corporation of India acknowledged the outage and stated that they are working to resolve the issue.
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Economic Times
1w
242
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Peter Thiel’s Founders Fund raises $4.6 billion to back growth-stage startups
- Peter Thiel’s venture capital firm, Founders Fund, has raised $4.6 billion for a new growth-stage vehicle.
- The fund, named Founders Fund Growth III, will focus on later-stage startups in sectors like AI, defense technologies, and advanced manufacturing.
- Thiel's investment philosophy prioritizes contrarian bets with geopolitical or technological significance, and the fund has previously backed companies like SpaceX and Facebook.
- The successful close of Growth Fund III establishes Founders Fund as a major player in the growth-stage venture landscape.
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Bloomberg Quint
1w
263
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Titan To Senco: Jewellers' Insights On India's Evolving Gold Consumption
- Consumers in India are increasingly viewing gold as both a symbol of adornment and an investment option, leading to changes in gold consumption trends.
- Rising sales of gold bars and coins pose challenges for jewellers in maintaining topline growth and margins.
- Titan, a leading gold retailer, reported significant growth in plain gold jewellery sales and gold coin sales, highlighting the growing inclination of Indian consumers to invest in gold.
- Senco Gold Ltd. also experienced robust results with a 23% YoY growth in retail operations and an 18.4% same-store sales growth, driven by strong wedding season demand.
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Bloomberg Quint
1w
389
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Delhi Dust Storm Leads To Chaos At Airport, Over 200 Flights Delayed
- A powerful dust storm in Delhi and neighboring regions led to chaos at Indira Gandhi International Airport, with over 200 flights delayed.
- At least 205 flights were experiencing delays and approximately 50 were forced to divert from their scheduled landings.
- The dust storm reduced visibility and caused physical damage across the city, including downed trees and power outages.
- The India Meteorological Department issued an 'orange' alert for further thunderstorms and lightning in Delhi.
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Bloomberg Quint
1w
184
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Nifty In Technical Charts: Trend Resets — Yes Or No?
- Nifty in technical charts: trend resets - Yes or No?
- April 7-11 was a tumultuous week for stock markets globally.
- Stock markets fell following the imposition of US tariffs but sharply rebounded when Trump announced a 90-day reprieve.
- Keep a close watch on stocks that offer trading and investing opportunities in the short term.
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Bloomberg Quint
1w
188
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S&P 500 Notches Its Best Week Since November 2023
- The S&P 500 saw its best week since 2023, rallying amid volatility in markets and concerns over trade tensions and economic uncertainty.
- US 10-year yields surged, easing off Friday's highs, while Wall Street experienced notable price swings during the week.
- Markets remain volatile with ongoing trade tensions and macroeconomic challenges, leading to uncertainty and turbulence.
- Federal Reserve official indicated readiness to stabilize markets if needed, reassuring investors.
- The S&P 500's large intraweek trading range and sharp price swings reflected market uncertainty and high volatility.
- Investors showed caution towards US assets, favoring Europe and other markets amidst trade war concerns and market turmoil.
- Economists maintained forecasts of a potential US economic slowdown and elevated recession risk despite tariff delays.
- Stock markets rallied despite economic concerns, as consumers showed unease and inflation expectations rose.
- Big banks reported mixed results, with JPMorgan posting record stock trading numbers and Wells Fargo missing net interest income estimates.
- Market outlook remains uncertain, with a focus on trade policies, corporate earnings, and Federal Reserve intervention.
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Bloomberg Quint
1w
117
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ICICI Lombard General Insurance Company Q4 Result: Date, Dividend News, Earnings Call Details And More
- ICICI Lombard General Insurance Company will announce its Q4 financial results on April 15.
- The company's Board of Directors will meet on April 15 to review and approve the financial results for the quarter and year ending March 31, 2025.
- Following the announcement, ICICI Lombard will hold an earnings call at 7:30 p.m. on April 15.
- The trading window for dealing in the company's securities will remain closed for designated persons from April 1 to April 17.
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Bloomberg Quint
1w
150
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US Treasury Yields See Biggest Weekly Jump Since 2001 As Cash Flees
- US Treasury yields experienced the most significant weekly surge since 2001 as investors withdrew from US assets amid a bond-market selloff triggered by President Donald Trump's trade war.
- The rapid increase in the 10-year Treasury yields, rising to 4.49%, raised concerns about heightened borrowing costs impacting the broader economy.
- Uncertainty stemming from Trump's trade policies and the US economic outlook prompted investors to shift towards other assets like the Swiss franc, gold, and the Japanese yen.
- The volatility in US government debt markets led to a loss of confidence in US policy and raised doubts about Treasuries as risk-free securities.
- The escalating trade tensions also affected the dollar, reflecting a reduction in overseas investment in the US.
- Investors turned to European debt markets amid the turmoil, leading to a significant divergence between German and US Treasury yields, with US 10-year rates surging over 50 basis points.
- The surge in yields contradicted the Trump administration's goal of lowering long-term interest rates, prompting calls for Federal Reserve intervention to stabilize markets.
- Several analysts, including those from JPMorgan Chase, Deutsche Bank, Jefferies, and Goldman Sachs, suggested potential Fed actions such as quantitative easing or liquidity injections to address the situation.
- The chaos in the bond market indicated a need for Fed intervention to prevent further market disruptions and ensure financial stability.
- The sharp rise in Treasury yields and the bond selloff reflected concerns about the US deficit expanding if the economy slows down and Trump implements tax cuts.
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Bloomberg Quint
1w
58
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Trump-Xi Truce Appears Elusive As China Prepares To Dig In
- Amid the escalating trade war, prospects for talks between President Trump and President Xi Jinping appear remote as both countries continue to impose steep tariffs on each other's goods.
- China has matched US tariff hikes, indicating a reluctance to negotiate with the Trump administration, with President Xi Jinping showing a willingness to endure economic and political hardships.
- Trump has expressed optimism about future talks with Xi, emphasizing a desire for a mutually beneficial deal, but the lack of consistent demands from the US complicates negotiations.
- Both sides have refrained from engaging in meaningful dialogue, with the Trump administration's erratic tariff messaging further clouding prospects for negotiation.
- Chinese scholars view US-China relations as a 'negative sum game' where both sides aim to suffer less, highlighting the competitive nature of the ongoing trade dispute.
- China is prepared to enhance its resilience against economic pressure by exploring stimulus measures, strengthening ties with other trading partners, and utilizing tools like the weakening of the yuan.
- Amid uncertainties and escalating tensions, paths back to the negotiating table for President Xi Jinping include exploring talks on specific issues like fentanyl and potential rewards for progress.
- The trade war has raised the possibility of a US-China decoupling, prompting China to focus on building a resilient industrial system to mitigate the impact of the ongoing dispute.
- Beijing's strategic approaches involve diversifying its trade relationships, imposing restrictions on Hollywood imports, and leveraging its economic leverage to exert pressure on the US economy.
- Overall, the future of US-China trade talks remains uncertain as both nations navigate through escalating tensions and economic ramifications of the trade dispute.
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Bloomberg Quint
1w
350
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Germany's New Government Plans Stronger Ties With India On Defence, Skilled Labour: Envoy Ackermann
- Germany's new government plans to enhance cooperation with India and strengthen bilateral ties, particularly in the areas of defence and skilled labour migration.
- The government shows a commitment to the proposed submarine deal and is eager to participate in India's Project-75I programme for the construction of conventional submarines.
- The German ambassador emphasizes the growing intensification of military ties between the two countries with a focus on the Indo-Pacific region.
- Germany ranks among India's top trading partners within the European Union, with significant trade collaborations in various sectors.
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