State Bank of India partnered GE Capital in 1998 for its credit card business.
The story of Sahara India Pariwar founder Subrata Roy, who died in Mumbai on November 14 aged 75, is the stuff of movies - of a spectacular rise and an equally spectacular fall. Born in Araria, Bihar, Roy was 30 when he set up Sahara in 1978. He started with a capital of about Rs 2,000, a peon, a clerk and his father's Lambretta scooter in Gorakhpur, eastern Uttar Pradesh, writes Tamal Bandyopadhyay in his 2014 book, Sahara: The Untold Story. Sahara was not his first venture.
Today pay-later services are available for practically anything under the sun. And these include small purchases like clothes, gadgets, movie tickets, and even food.
"Looking at the films come to life on set was a lot of fun. The lensing, the art direction and Prakash Sir's detailed eye. It felt like something special was brewing," says Naina Bhan.
Javadekar asserted that the first 50 days have shown that Modi government's second term will be more effective and will build on the success of its previous tenure.
Lenders in India, comprising banks and finance companies, anticipate robust growth in retail credit during the upcoming festival season, stretching from September to December 2023. This expectation is based on resilient demand, government initiatives, and elections in key states.
'I never fought with anyone.' 'I was not rude to anyone. 'I did not argue with anyone.' 'I did not misbehave with any girl.' 'The only person I did not get along was Abhishek.'
'The risk is in not being invested and missing out on an upmove.'
'My wife, family members as well as members of the workers will be trustees.' 'The trust will take all decisions -- no family member can individually take any decision.'
Ajay Banga is one of the nine members of the Commission on Enhancing National Cyber Security.
Making purchases on your credit card can turn out to be a better idea. Here's why.
The Bill allows stopping of transmission and intercepting messages in case of public emergency, in the interest of the public, to prevent incitement for committing offence.
In a move that will benefit a significantly large number of Indian technology professionals, the US is set to begin a pilot programme for domestic renewal of certain categories of H-1B visas in December. The H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise. Technology companies depend on it to hire tens of thousands of employees each year from countries like India and China.
Those who continue to think that the 2024 election will see the BJP pursuing a more militant line are being alarmist, argues Rajeev Mantri. The BJP, Mantri believes, is not about to shoot itself in the foot. If anything, he says, the BJP may be more inclined to push a harder secularism.
A revealing excerpt from Rahul Shivshankar and Siddhartha Talya's book, Modi & India: 2024 and the Battle for Bharat.
Christmas may be around the corner but will that stop an elimination from the Bigg Boss 16 house this weekend?
'The way fans have shown their love and affection it's something I need to do for them.'
Maya Warrier, 9, satisfies a little of her wanderlust when she journeys across the world to Vietnam, some 10 hours by flight from her home in London.
Instant approval, no due diligence, conversion to easy-to-pay EMIs, nominal processing fees are some of the reasons why credit card loans are better
CBDT recently lowered threshold for this to Rs 8,333 a month. If you don't furnish this, a higher tax will be deducted at source from your income.
'These frequent visits show the BJP fears that the Congress will retain power.'
Election Commission guidelines for voters.
The most important lesson is that you have to build your political proposition, and sell it yourself. You can't leave it to the courts, media, NGOs and civil society and expect them to play the role of the Opposition. That's precisely what Mr Modi's challengers have been doing and we know the results, notes Shekhar Gupta.
Here's the full text of President's Ram Nath Kovind's address to the joint sitting of both houses of Parliament on the first of Budget Session 2022.
The White House chief of staff has claimed that the absentee votes will not change Bush's lead.
Why did the company zero in on RBL Bank to understand the business of banking? While the M&M investors heaved a sigh of relief, one gentleman must have been all smiles after this, RBL Bank MD and CEO R Subramaniakumar, notes Tamal Bandyopadhyay.
The wife of alleged conman Kiran Patel, who was held in Jammu and Kashmir for posing as a top official in the Prime Minister's Office (PMO), was arrested on Tuesday for trying to usurp a senior citizen's bungalow in Ahmedabad, officials said.
Next time you swipe, ask yourself, do you really need it or do you just want it?
Amphibious drones for maritime inspection... devices that extract pure oxygen from water for patients in need... self-balancing electric bikes...
Gaurav Mohta, chief marketing officer, Home First Finance Company, answers home loan queries.
Plastic is shaping up to be the next chapter in the financial meltdown. What Americans need to know.
The actress's younger sister Gauahar Khan won Bigg Boss 7.
In the June quarter of FY24, 51 per cent of consumers who took small-ticket personal loans already had more than four credit products at the time of accessing yet another new loan, compared with just 17 per cent in the June quarter of FY20, points out Tamal Bandyopadhyay.
At the same time there were few complaints about the wrong reporting of credit information to the Credit Information Bureau (India) Ltd, which was taken up by the RBI with the concerned bank for redressal, minister of state for finance Namo Narain Meena told the house in a written reply.
The National Investigation Agency (NIA) conducted searches in Tamil Nadu, Kerala and Karnataka on Wednesday in connection with two cases of blasts in Coimbatore and Mangaluru, its official spokesperson said.
'I hope Jad has seen the footage and he knows what he has done to ruin my reputation or my bond with people outside.'
The finance ministry on Thursday sought to clarify that there was no distress in household savings and the data indicated that changing consumer preference for different financial products was the real reason for the change in the pattern of household savings. The clarification comes in the backdrop of Reserve Bank of India data showing that household net financial savings rate is at its lowest in decades, at 5.1 per cent of GDP in FY23 compared to 7.2 per cent of GDP in FY22. The divergence in the data for household gross financial assets and liabilities is not a cause for concern for the government, as the loans have largely been taken to buy real assets or automobiles, the finance ministry said.
No black dresses, compulsory attendance, suspension of classes between 10 am to 12 noon are among the guidelines issued by Delhi University colleges for the live telecast of the varsity's centenary celebrations to be attended by Prime Minister Narendra Modi.
As the world celebrated International Day of Persons with Disabilities (PwD) on December 3, corporate India has kept up with efforts to make workplaces more inclusive and accessible. Organisations across sectors are taking initiatives such as equipping offices with practical work tools like Braille-friendly and voice-enabled lifts and screen readers. While inclusion has gained pace, only 11.3 per cent (or 3.4 million out of 30 million) Indians with disabilities have jobs.
Housing is a highly illiquid and, by definition, high-risk market, and individuals, in general, do not have the skills to manage this risk.
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