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Having no CIBIL score, or a credit file with limited credit history, can lead to a number of consequences. Banks usually subject applicants with no credit history to additional layer of scrutiny. Alternatively, they can even ask for additional documentation to evaluate their creditworthiness. This tends to make the application process lengthier and cumbersome.

Also Read: 4 key reasons why clearing your credit card debt improves your CIBIL score The survey also revealed that approximately half of the respondents report monthly expenditures ranging between ₹25,000 to 75,000, showcasing the diverse spending patterns among Indian consumers. Moreover, nearly 60% of respondents prioritise rewards when choosing a new credit or debit card.

US prosecutors are seeking a 3-year prison term for Binance founder Changpeng Zhao, per a Tuesday court filing.

Changpeng Zhao, the founder of Binance, the world's largest cryptocurrency exchange, should serve 36 months in prison after pleading guilty to violating laws against money laundering, U.S. prosecutors said in a court filing on Tuesday. Zhao, who is expected to be sentenced on April 30 in Seattle, stepped down as Binance's chief last November, when he and the exchange admitted to the violations, and the firm agreed to a penalty of $4.32 billion.

Jio has now emerged as the world's largest mobile operator in data traffic consumption, surpassing China Mobile. The total traffic on the Jio network has reached 40.9 exabytes compared with China Mobile's 38 exabytes during the January-March quarter, according to global analytics firm Tefficient. Jio also holds the second largest 5G subscriber base globally at 108 million, with more than 28% of its total wireless data traffic now being consumed by 5G users, the company said in its analyst presentation. To be sure, Jio's average revenue per user (ARPU) also reflects the impact of subscriber additions of JioBharat phone users, who are value customers, and the unlimited 5G promotional plans. Analysts say Jio's strong pace of user additions and consequent market share gains will augur well for revenue conversion in near term, as and when tariff hikes are undertaken. They expect tariff hikes of 20-25% soon after the upcoming general elections, which end early June.

The Reserve Bank of India (RBI) has declared the early redemption price for Sovereign Gold Bonds (SGBs) from the 2017-18 Series IV and 2018-19 Series II tranches, due on April 23. The announcement aligns with the terms stated in the Government of India notifications on October 6, 2017, and October 8, 2018. These terms allow holders the option for early redemption after five years from the issue date, coinciding with the interest payment dates on these bonds.

ISRO) said on Monday an analysis of decades of satellite imagery has revealed that glaciers across the Indian Himalayas—often called the Third Pole because of extensive glaciers and snow cover—are melting at an unprecedented rate, resulting in significant expansion of the glacial lakes. “This retreat leads to the formation of new lakes and the enlargement of existing ones in the Himalayan region.

₹5,254 crore worth of Indian equities and the total outflow stands at ₹8,982 crore as of April 19, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL) data. The total debt outflows stand at ₹6,174 crore so far this month. ‘’FPIs sold equity worth ₹16,452 crore through exchanges.

The public portion of a Panamanian trial of more than two-dozen associates accused of helping some of the world’s richest people hide their wealth has come to an unexpectedly speedy conclusion

According to the data with the depositories, Foreign Portfolio Investors (FPIs) made a net outflow of Rs 5,254 crore in Indian equities this month (till April 19).

FPIs have turned net sellers not just in the Indian equity market but also in the debt market for the first time since March last year. «A major trend in FPI activity this month is that FPIs have turned sellers into debt after sustained buying for several months. In April through 20th, FPIs sold debt worth Rs 12,885 crore. This again is the consequence of the rising US bond yields and the concern regarding rupee depreciation,» said Dr. V K Vijayakumar of Geojit Financial Services.

₹20,000 crore in just four trading sessions. On Thursday, FPIs sold ₹4,260 crore, followed by ₹4,468 crore on Tuesday and ₹3,268 crore on Monday. Last Friday (April 12), they offloaded ₹8,027 crore, bringing the cumulative four-day sell-off to ₹20,023 crore, according to National Stock Exchange (NSE) data.

Eight years after 11 million leaked secret financial documents revealed how some of the world’s richest people hide their wealth, more than two dozen defendants are on trial in Panama for their alleged roles

Vodafone Idea FPO, which opened for subscription yesterday (Thursday, April 18), will close on Monday, April 22. Mostly led by qualified institutional buyers (QIBs) and non-institutional investors, the Vodafone Idea FPO subscription status was 26% on the first day of the share offering. According to BSE statistics, retail investors only bid for 6% of the shares set aside for them, while the QIB quota had 61% subscriptions at the end of the day and the non-institutional investor category got 28% subscriptions.

Many top altcoins build up their value in relative obscurity, with only savvy investors identifying them from the onset. Algotech (ALGT) coin presale results for early investors exhibit its potential to Solana (SOL) and NEAR Protocol (NEAR) holders who are adding it to their portfolios. Discover Algotech’s potential and why SOL and NEAR investors want it.

Indiabulls Housing Finance has sought a review of the Supreme Court's February order that allegedly gave wide powers to the Enforcement Directorate to even investigate cases where there exists no scheduled offence under the Prevention of Money Laundering Act (PMLA). A bench led by Justice Surya Kant asked the company to share a copy of its review petition with the Attorney General. Indiabulls in its review petition stated that the apex court on February 12 while disposing of the criminal appeals had «mistakenly enlarged the scope of the powers of the ED beyond the permissible mandate of the PMLA law, and that it is also in conflict with the well settled law in the Vijay Madanlal Choudhary vs Un-ion of India case.»

India Ratings and Research (Ind-Ra) has upgraded realty developer Sunteck Realty’s Long-term Issuer Rating to ‘IND AA’ from ‘IND AA-’. The Outlook is Stable. The ratings factor in the strong operational performance that the developer has displayed since 2020-21, and consequent improvement in the scale of operations.

₹450 crore of debt financing from Edelweiss Alternative Asset Advisors Limited, the asset management arm of financial services firm Edelweiss Group, a top company executive said. The Bengaluru-based developer will use around 40% of the funds to buy a 72-acre land parcel for a plotted residential project near the international airport at Devanahalli in north Bengaluru. It will use the rest of the money to repay existing debt and as working capital for new and existing projects.

Maruti Suzuki on Wednesday announced that it has received a ₹2.5 crore tax demand from the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Chandigarh. The carmaker said that it would be contesting the demand in the country's apex court. «Even on revised total demand of Rs. 25 million, the company will be filing appeal against the order before the Supreme Court. As per the company's view, the order will have no major impact on the financial, operation or other activities of the Company,» Maruti Suzuki said in an exchange filing.

Moscow, Apr 16, 2024 -Russian President Vladimir Putin warned that further escalation in the Middle East could have «catastrophic consequences,» during a phone call with his Iranian counterpart Ebrahim Raisi, the Kremlin said Tuesday. «Vladimir Putin expressed hope that all sides would show reasonable restraint and prevent a new round of confrontation fraught with catastrophic consequences for the entire region,» the Kremlin said in a readout of the call. The situation in the Middle East grew even tenser over the weekend when Iran and its allies launched a barrage of over 300 missiles, drones and rockets at Israel.

Hyderabad, a Lamborghini Gallardo, valued at nearly Rs 1 crore, was intentionally set ablaze. This shocking incident unfolded as a consequence of a heated business dispute between two car resellers. As per a TOI report, citing police sources, Neeraj, one of the involved resellers who had purchased the high-end vehicle from its original owner, lodged a complaint. The alleged perpetrator, identified as Ahmed, arranged a meeting with Neeraj on Saturday to resolve their differences. However, the altercation spiraled out of control, leading Ahmed to ignite the car, leaving it consumed by flames. Firefighters arrived at the scene, but the Lamborghini had already suffered extensive damage, captured in a circulating video on the internet. The vehicle in question, a Gallardo Spyder, despite being an older generation model commonly found in resale markets, boasted a formidable 5-liter NA V10 engine, generating 513 hp and 510 Nm of torque.