Although securing a personal loan with a poor credit history can pose challenges, it is not an insurmountable task. Having either a poor credit score or no credit history can present considerable obstacles when seeking a personal loan with favourable terms. Challenges with a bad credit scoreThe following factors can present a formidable challenge for individuals with poor credit scores.
Open FlipThe Reserve Bank of India (RBI) on Monday asked IIFL Finance to stop the sanctioning and disbursement of gold loans, citing "material supervisory concerns" observed in the non-bank financier's gold loan portfolio. The central bank said the lapses, which comprised regulatory violations, adversely impact the interest of the customers.
Open FlipSBI moves SC seeking extension of time till June 30, 2024 to disclose details of electoral bonds encashed by political parties, including the date of encashment and the denomination of the electoral bonds. The deadline is currently March 6. Electoral bonds were issued as a financial instrument for making donations to political parties as first pronounced by the FM in the Union Budget 2017-18.
Open FlipIndia expects investment of about 410 billion rupees ($4.95 billion) from companies to build natural gas pipeline infrastructure in its northeastern states and northern federal territories of Kashmir and Ladakh, a minister said on Monday. India, one of the world’s biggest emitters of greenhouse gases, is seeking to boost the use of cleaner fuel to cut its carbon emissions.
Open FlipInvestors sold China Vanke stock and bonds on Monday, picking up from where they left off last week as concern over liquidity at the nation's No.2 property developer by sales trumped fundraising plans and assurance from a business partner. China Vanke's Hong Kong-listed shares fell 7.1%, having finished last week down 8.1%. The developer's Shenzhen-listed shares lost 4.7%.
Open FlipMutual funds capitalised on Tata Motors' recent upswing, pocketing a profit of around Rs 1,441 crore in January. They reduced their holdings from 34.58 crore shares in December to 32.80 crore shares, selling around 1.78 crore shares. SBI Mutual Fund led January's selling spree among mutual funds, offloading over 58 lakh shares worth Rs 476 crore.
Open FlipIndia’s Blue Star is targeting a 25% rise in air conditioner sales as hotter-than-usual summer is expected to drive strong demand during the season. "The indications are … the summer season will be good (for the AC segment)," Blue Star Managing Director B. Thiagarajan told Reuters on Monday. A brighter economy is also expected to boost AC sales, he added.
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Open FlipSwan Energy on Monday said its natural gas business arm Swan LNG Pvt Ltd has prepaid Rs 2,206 crore of loan taken from a consortium of lenders. Post-prepayment, Swan LNG’s debt has come down to Rs 1,611 crore and the firm will save around Rs 250 crore in interest cost annually, the company said in a statement without disclosing the lenders’ names.
Open FlipPE firms Advent International and Multiples on March 4 said they will invest Rs 1,930 crore ($230 million) in Ananya Birla-led Svatantra Microfin, marking the largest investment by private equity investors in the microfinance sector in India. The investment follows Svatantra’s recent acquisition of Chaitanya India Fin Credit Ltd.
Open FlipThe "Magnificent Seven" stocks aren't particularly known for being dividend payers. This group of companies includes the following tech leaders: Apple, Alphabet, Amazon, Meta Platforms, Microsoft (NASDAQ: MSFT), Nvidia, and Tesla. These corporations have generally produced excellent stock market returns. However, several of them don't even pay dividends.
Open FlipBigBear.ai (NYSE: BBAI) stock posted huge gains across February's trading. The company's share price closed out last month up 107.4%, according to data from S&P Global Market Intelligence.Artificial intelligence (AI) stocks enjoyed an explosive bullish run last month, and BigBear.ai participated in the rally. While there wasn't any business-specific news driving the company's share price higher.
Open FlipSea Ltd. shares advanced after the company reported a smaller-than-expected drop in quarterly earnings and predicted improving prospects for its e-commerce and gaming businesses. Most Read from BloombergChina Scraps Premier Li's Briefing, Breaking Years of ConventionWhat to Remember If the Stock Market Takes a DiveWall Street’s DEI Retreat Has Officially BegunYoung Hong Kongers.
Open FlipUS stock futures slipped on Monday to put a record-setting rally on pause, as investors girded for a week where Federal Reserve Chair Jerome Powell's testimony and the monthly jobs report could put equity gains to the test.S&P 500 (^GSPC) futures shed about 0.1% after ending Friday with its 16th weekly win in 18 weeks. Futures on the Dow Jones Industrial Average (^DJI) fell roughly 0.3%.
Open FlipThe green hydrogen plant (both renewable and gas) was built in collaboration with Hygenco Ltd under a long-term build-own-operate-transfer (BOOT) agreement. JSL will employ green hydrogen in its stainless steel manufacturing operations at the Hisar facility. On Monday, Union Minister Jyotiraditya M Scindia inaugurated the country's first green hydrogen project in the stainless steel sector.
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