Thursday, December 19

Tag: investments

Should you prepay home loan or invest money? MintGenie explains
11Dec By adminNo Comments
Money

Should you prepay home loan or invest money? MintGenie explains

There is a strong possibility that the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) will maintain a hawkish position on the repo rate in December 2023. The existing fixed repo rate of 6.5 per cent in India has resulted in a standstill in home loan rates, posing a dilemma for numerous borrowers regarding whether to prepay their loans or persist with their investment strategies. The reason behind this is that with a long-term home loan, the interest paid over time often surpasses the principal amount, leading to a substantial repayment at the loan’s conclusion. One highly efficient ...
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CtrlS Datacenters firms up $2 billion investment to power ambitious expansion plans
12Oct By adminNo Comments
Business

CtrlS Datacenters firms up $2 billion investment to power ambitious expansion plans

HYDERABAD: CtrlS Datacenters Ltd, a Hyderabad-based Rated-4 data centre service provider, said it has firmed up plans to invest $2 billion over the next six years in scaling up operations to more than double the existing capacity.CtrlS said the plans to expand footprint within India and in select South-East Asian countries will also see it double its headcount by adding over 1,000 people by 2029.As part of its ambitious expansion, the datacentre player will add 350 MW of AI & Cloud-ready hyperscale data centers to cater to the surge in adoption of AI applications and Cloud technologies, it said on Thursday.Currently it has 12 datacentres with a 234 MW capacity spread across seven cities -- Mumbai, Hyderabad, Chennai, Bangalore, Noida, Lucknow, and Patna.The company said it will be inv...
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FPIs turn sellers after 6 mths of investment; pulls out Rs 14,767 cr in Sep
1Oct By adminNo Comments
Business

FPIs turn sellers after 6 mths of investment; pulls out Rs 14,767 cr in Sep

After sustained buying in the last six months, FPIs have turned net sellers and pulled out of over Rs 14,767 crore from Indian equities in September, primarily due to dollar appreciation, steady rise in the US bond yields, and a spike in crude oil prices. Going forward, the outlook for FPI flows in India is uncertain, as it will depend on the performance of the Indian economy, the RBI's October monetary policy, and the outcome of the September quarter earnings, Mayank Mehra, smallcase, manager and principal partner at Craving Alpha, said. According to data with the depositories, Foreign Portfolio Investors (FPIs) have sold shares to the tune of Rs 14,767 crore in September. The latest outflow came after FPI investment in equities had hit a four-month low of Rs ...
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Understanding Credit Scores: A Roadmap To Successful Loan Applications
5Sep By adminNo Comments
Business

Understanding Credit Scores: A Roadmap To Successful Loan Applications

Curated By: Business DeskLast Updated: September 04, 2023, 19:12 ISTCredit scores have become a vital part of the lending ecosystem.Before applying for loans in India, it's essential to consider key factors, including credit scores, and the country's four major credit bureaus play a significant role in evaluating creditworthiness. Applying for a loan, whether it’s for your dream home, launching a business, or furthering your education, can be a daunting process. In today’s financial landscape, banks and lending institutions have made loans and credit cards more accessible. However, there are several essential considerations to keep in mind before embarking on your loan journey.One crucial factor that often plays a pivotal role in loan applications is your credit score. Credit scores...
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This Hyderabad-based Company Doubles Investors’ Money On Market Debut
31Aug By adminNo Comments
Business

This Hyderabad-based Company Doubles Investors’ Money On Market Debut

Curated By: Business DeskLast Updated: August 31, 2023, 20:59 ISTBondada Engineering made a stellar stock market debut.This company has major exposure in the telecom sector and other telecom infrastructure-related services.Hyderabad-based infrastructure company, Bondada Engineering Limited made a strong market debut on August 30 and the shares continued its rally for the second day on Thursday. Its shares were listed with a premium of 90% at Rs 142.50 apiece on the BSE SME, as against the issue price of Rs 75 per share.Shares of Bondada Engineering closed 4.75% higher at Rs 149.62 apiece on BSE on its first day of trading. The stock continued its gaining streak for the second day and closed at Rs 156.15 per share, up 4.36% on BSE on Thursday.Bondada Engineering is an integrated infrastru...
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Amid tepid utilisation of funds, govt to review PLI scheme on Tuesday
26Jun By adminNo Comments
Business

Amid tepid utilisation of funds, govt to review PLI scheme on Tuesday

The Centre on Tuesday will review its ambitious production-linked incentive (PLI) scheme to sort out teething issues faced by beneficiaries of the scheme, and the focus will mainly be on sectors where the progress has been slower-than-expected. Commerce and industry minister Piyush Goyal will hold the first-of-its kind review meeting that will see officials from all the ministries responsible for rolling out the PLI scheme. The meeting will also see participation from the beneficiaries or the companies participating in the scheme. The Centre has allocated Rs 1.97 trillion towards PLI schemes for 14 key sectors, including telecom, textiles, automobiles, white goods and pharmaceutical drugs, among others. This scheme not only aims to boost domestic manufacturing, but al...
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