Money

Before answering the question as to where are interest rates headed, let us first try and understand what determines interest rates and how it affects us. Well as we know that interest rates are determined by RBI, with help of tools like…

This is something I had been waiting for - getting to know your credit score online. In the west, it is really really easy. There are hundreds of websites offering your credit score. Many times your bank keeps a track of your credit score…

In last few years, Online advertising has been growing at much better pace than any other traditional advertising medium - According to recent report put together by Magna Global, online advertising spends will touch 71 Billion dollars this…

Not all of us are informed and aware of the terms that are used in a home loan or how a home loan will affect our lives in the future. People who are not from a finance background may not even understand some of the most basic home loan…

A credit card may be your gateway to online shopping, reward points, cash back, impulsive buying, spending when you don't have cash and a lot more. But have you thought for a moment that your credit card can be subject to fraud or misuse?…

Delhi recently hosted the first international formula 1 championships in India. In the middle of the hype and excitement, I was wondering if there was any benefit to the Industry and society from such an expensive sport. It’s not cheap to…

Inflation is currently the worst nightmare for the Indian finance ministry and despite interest rate hikes, things don’t look very good. Even during the 2008 recession, when the developed countries were struggling with a bleeding economy,…

RBI has deregulated savings bank deposit rates with effect from October 25, 2011. The clear implication as of now is - increased funding costs for the banking fraternity and party time for the depositors with idle funds in their savings…

The RBI has pulled the gauntlet with yet another 25 basis points hike in repo and reverse repo rates to 8.5% and 7.5% respectively. As a matter of practice, reverse repo rate is usually determined with a spread of 100 basis points below the…

Despite the stupendous growth of banking sector in India in the last 10 years and the development of a highly competitive marketplace comprised of both domestic and foreign based banking entities in India, access to various banking services…

Looks like Indian Paypal users have to take another big blow - According to article appearing on Labnol, Paypal India is set to reverse all the payments above USD 500 that have already been made to Indian paypal users since March 2011.…

The global economic recession in later part of 2008 hit all economies negatively and there was nothing positive to write home about. However, if there was one positive that emerged from the crisis it was the emergence of Asia as a economic…

Update: Within an hour of writing this, PayPal seems to have notified the Indian users about the changes. Here is the Mail I just recd. from PayPal.…

A combination of factors such as macroeconomic problems in euro zone, high trade deficit, slowing FII and FDI inflows, and renewed RBI policy of not interfering in the forex market, saw Rupee tumbling down to 2-year lows of Rs.48 per US…

Ok - so its not only the Government websites that are getting hacked. According to a blog post published by Zsecure - A serious vulnerability was discovered in HDFC Bank’s online platform, that potentially allowed hackers to gain private…

No longer are credit cards limited to the high income bracket population in India. The Indian population is now amassing credit card debts and 'reward point' strategies of banks. If you have a credit card debt in India, here are a few tips…

The Minister of State for Finance Namo Narain Meena on Friday said that the government is going to introduce polymer bank notes on a trial basis. Introducing polymer bank notes, or in simple words, plastic bank notes had been on the Reserve…

The last time RBI had issued banking licenses was 2004; Kotak Mahindra Bank and Yes Bank were established. We have seen the kind of wealth creation that they were able to create in just six years. However, RBI seems to have a concern on…

The unthinkable has happened! Mukesh Ambani led Reliance has been upstaged as India's largest company by market capitalization and the one who has managed to achieve this feat is by no means a veteran in the Stock Market. Coal India,…

If you have read the Business Page of Times of India today – you must have come across a title saying “Now, Lease a Merc, pay 50% cost”. It probably is dream come true for many as you can have pleasure of having a Mercedes car at half the…