WHAT IS CREDIT
Vigil over unsecured loans may weigh on credit growth: Binod Kumar, MD, Indian Bank
The Indian retail credit industry remains far from saturation due to several factors. The country continues to add many working-age citizens, particularly millennials and Gen Z, who have better incomes and changing spending habits. Increased global integration and upward social mobility have significantly influenced consumer behaviour, creating new demand for credit, says Indian Bank managing director Binod Kumar.
Why Mukul Dev suffered from years of hidden pain and sadness? Hansal Mehta, his friend and gym buddy, breaks silence
Actor Mukul Dev, known for his roles in both television and film, passed away at 54, leaving behind a legacy marked by talent and unfulfilled promise. In a heartfelt tribute, filmmaker and close friend Hansal Mehta reflected on Mukul’s quiet struggles, revealing how years of missed opportunities and personal disappointments slowly wore down his spirit. Despite his charisma and talent, Mukul battled loneliness and a sense of defeat, finding fleeting solace in alcohol. Mehta recalled their deep friendship, creative collaborations, and Mukul’s pride in contributing to the film Omerta.
In Trump's 'big, beautiful bill', what do the US taxpayers get? Check details
House Republicans have narrowly passed a comprehensive tax and spending package, a significant win for President Trump. The bill, approved by a 215-214 vote, includes extended tax cuts, stricter federal benefit eligibility, and a raised national debt ceiling. It introduces individual tax rate reductions, expanded small-business deductions, and an enhanced child tax credit, now moving to the Senate for consideration.
This multitalented South superstar once worked as a makeup artist in Sylvester Stallone's 'Rambo 3'
Before becoming one of Indian cinema's most versatile actors, Kamal Haasan briefly worked in Hollywood, notably as a makeup artist on Rambo III, starring Sylvester Stallone. Trained in prosthetic makeup by Oscar-winner Michael Westmore, Haasan used this experience to later revolutionize character transformations in Indian films. His time in Hollywood also included work on Star Trek, earning industry recognition.
ICICI Bank discontinues its PayLater credit line on UPI for all customers; The bank answers what happens with customers
ICICI Bank will discontinue its PayLater service, a credit line on UPI. Customers must repay outstanding amounts by the due date to avoid penalties. Auto Pay transactions linked to PayLater accounts will be disabled, requiring users to update their payment methods for uninterrupted services. Timely repayment ensures no negative impact on credit scores.
10 ways Trump's 'big beautiful bill' could affect your wallet
US House Republicans passed a tax and spending package. The bill includes tax cuts and changes to federal benefits. It increases the national debt ceiling. The Senate will now consider the bill. The bill impacts tax rates and child tax credits. It affects deductions for older people and gig workers. Changes are proposed for Medicaid, student loans, and food stamps.
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Vets in its branch: MSME lender Moneyboxx tries a different approach to lending
Deepak Aggarwal, Co-founder, Co-CEO, and CFO of Moneyboxx, says that the company aims to go beyond merely providing loans, focusing on financing farmers and planting fruit-bearing trees.
$78,000 salary, 30 credit cards, over 1 million points: How a 33-year-old social worker hacks finances with just his memory?
Florida native David Do, 33, has cracked the code to smart spending. Earning $78,000 annually, he’s leveraged credit card rewards to collect over a million points—fueling globe-trotting adventures across 33 countries. With minimal debt, strong savings, and a passion for travel hacking, Do is redefining financial independence, proving you can live big on a modest income.
Trump’s Big, Beautiful Bill just passed the House - here’s what it really means for taxpayers and businesses
Trump’s Big Beautiful Bill is making headlines after the House narrowly passed the sweeping tax and spending package. This 1,000-page proposal touches nearly every corner of American life—from lower tax rates and new “Trump accounts” to cuts in Medicaid and food aid. It promises major tax breaks for businesses, new savings options for families, and changes to energy and AI regulation. But critics warn of rising deficits and deep social cuts. With $3.3 trillion in projected deficits, and benefits tilted toward the wealthy, the bill’s future in the Senate remains uncertain. Here's what taxpayers and businesses need to know.
Why Donald Trump is doubling down on India-Pak ceasefire claim
India-Pak Tensions: Trump insists he helped India and Pakistan ease tensions. India denies his claim. Trump links trade with geopolitics. He might seek trade concessions from India. Pakistan reportedly offered Trump family business deals. India asserts it resolves issues bilaterally. India protects its sovereignty. Trump's narrative faces skepticism. India rejects third-party intervention. The situation remains complex.
Get out of credit card reward mirage: Why it’s not the reward earning rate but actual rupee conversion matters
Credit cards entice users with reward points, but the true value lies in the reward point conversion rate. Very often, people don't realize that even credit cards with high point values may have high redemption restrictions and hidden charges that diminish their actual monetary savings. Smart users should prioritize redemption flexibility and low associated fees over sheer point accumulation.
Axis AMC announces final close of Axis Structured Credit AIF II at Rs 740 crore
Axis AMC has closed its Structured Credit AIF II fund, raising Rs 740 crore with strong backing from institutions and HNIs. The five-year fund targets diversified structured credit deals (Rs 50–65 crore each), capping exposure at 10% per deal, and aims to capitalize on tightening credit spreads.
Go Fintech eyes Australian expansion as global push for inclusive AI-driven finance accelerates
Go Fintech, a global financial technology firm, is set to expand into the Australian market, spearheaded by Executive Director Sadaf Roksana. The company plans to invest in early-stage fintech startups, focusing on AI-powered services and RegTech solutions. Go Fintech also aims to collaborate with financial institutions and regulatory bodies to implement AI-driven systems, enhancing financial inclusion for underserved communities.
ETtech Explainer: Why AI startup Builder. ai is filing for bankruptcy despite backing from Microsoft and QIA
Builder. ai, a UK-based AI startup backed by Microsoft and QIA, is filing for bankruptcy after lender Viola Credit withdrew $37 million, leaving the firm cash-strapped. Operating across multiple countries, the company cited past financial missteps and legacy issues. Most staff are being laid off amid restricted access to remaining funds.
India's middle class is bleeding quietly: Bengaluru CEO says, 'EMIs, inflation, no savings are crushing them'
Indian Middle Class Salary Crisis (Google Trends): A Bengaluru CEO's viral LinkedIn post has thrown fresh light on India’s middle-class crisis. Highlighting stagnant wages, rising living costs, and mounting debt, Ashish Singhal called middle-class salaries “the biggest scam no one talks about.” His post sparked strong reactions online—some backed his concerns, others questioned the data or urged accountability. As India’s middle class quietly bears economic shocks with no bailouts or safety nets, many wonder if the nation is ignoring the slow decline of its economic backbone.
Big prediction from Rich Dad Poor Dad author Robert Kiyosaki: Gold will go to $25,000
Rich Dad Poor Dad author Robert Kiyosaki has predicted gold will soar to $25,000, silver to $70, and Bitcoin to $500K–$1M, citing failed U.S. bond auctions, rising Treasury yields, and looming hyperinflation. Calling it the "end," Kiyosaki warns of a financial collapse driven by debt, downgrades, and Fed interventions, urging investors to turn to hard assets.
Ease in GST appeal: Now you can make pre-deposit payment for through input tax credit, rules Supreme Court, know who will benefit from it
In a significant win for GST registered taxpayers, the Supreme Court has dismissed the SLP that challenged the Gujarat High Court judgement of using input tax credit (ITC) for mandatory pre-deposit payments in appeal cases. The Gujarat High Court ruling, allows taxpayers to utilise their electronic credit ledger, easing working capital constraints. Read more to know which taxpayers can benefit from this.
RBI likely to go for deeper interest rate cuts amid slower growth, low inflation: Morgan Stanley
The Reserve Bank of India (RBI) is expected to go for deeper interest rate cuts as part of its policy response to slower economic growth and controlled inflation, according to a report by Morgan Stanley.
SC rejects finance ministry’s plea against input tax credits for commercial rentals
The Supreme Court has dismissed the finance ministry's plea to review its October judgement, which allowed real estate companies to claim input tax credits (ITC) on construction costs for commercial buildings meant for renting.
Home loan interest rates less than 9%: 10 private banks offering lowest interest on home loan
Securing a home loan from private banks involves understanding interest rates, credit scores, and EMIs. Interest rates vary based on factors like credit score and loan tenure. Essential property documents such as the Sale Deed and Completion Certificate must be verified before purchase. Your salary influences the loan amount based on EMI/NMI ratio.
Listed fintechs feel the pinch of lenders going slow on unsecured lending
A slowdown in unsecured loan disbursals by banks and NBFCs has hit fintech firms like Paytm, MobiKwik, and Paisabazaar. These companies are shifting focus to secured lending and payments. Regulatory nudges and risk aversion have limited fintechs' role in underwriting, affecting growth and revenue from financial services in FY25.
Jamie Dimon issues chilling warning about Donald Trump’s scaled-back tariffs, says Wall Street is ignoring a looming economic shock
JPMorgan Chase CEO Jamie Dimon cautioned about the US tariff policy. He highlighted potential economic damage. Dimon noted rising tariffs and inflated asset prices. He also mentioned tougher borrowing conditions for businesses. Dimon suggested a possible stock market sell-off. He expressed concern about a credit crunch. Dimon warned about a permanent shift in the global economy.
Gold roars back — is a massive bull run just getting started amid Fed buzz and global market jitters?
Gold prices edged higher as investors reacted to a weaker U.S. dollar, upcoming Fed rate decisions, and growing interest in U.S. tariff policy and Russia-Ukraine peace talks. Spot gold rose to $3,236.94, while U.S. futures hit $3,239.40. Analysts say gold is holding strong above the $3,200 level despite Moody’s recent U.S. credit rating downgrade. Traders are watching global developments closely, with possible interest rate cuts and geopolitical shifts expected to steer markets further. With silver, platinum, and palladium also gaining, this could be a key moment for precious metal prices. Don’t miss the full breakdown and expert analysis.
Mortgage Rates Today in USA: Mortgage Rate predictions for 2025?
Mortgage Rates in the US rose today as the yield on benchmark U.S. 10-year notes move upward.
Ray Dalio, who warned of 2008 market crash, says U.S. Treasury risk greater than what Moody’s downgrade suggests
Ray Dalio warned that the true risks of holding U.S. government debt are more severe than Moody’s downgrade suggests. He argued that credit ratings ignore inflation risks caused by money printing, which erodes bondholders' real returns.
Supreme Court allows 10% GST appeal pre-deposit via credit ledger in major relief for businesses
The Supreme Court has supported a ruling regarding Goods and Services Tax law. Companies can now use Electronic Credit Ledger for mandatory pre-deposits. This decision helps businesses facing cash flow issues during disputes. Yasho Industries had challenged the rejection of credit ledger payment. The High Court ruled in favour of Yasho Industries.
Gold prices soar as Moody’s shocks markets with US credit downgrade — is this the start of a long-term safe-haven rally or just a short-term reaction to dollar weakness?
Gold prices surge after Moody’s downgraded the US credit rating, pushing investors toward safer assets. With the dollar weakening by 0.6%, gold jumped to $3,239.77 an ounce. This shift reflects growing concerns over the US budget deficit, Trump’s trade policies, and a lack of political action on fiscal reform. As global markets react, demand for precious metals climbs. Experts expect short-term volatility but believe long-term conditions favor continued gold investment. Want to know why gold is gaining and what it means for your money? This story breaks it down in simple, clear terms.
Moody's downgrade rating vs Donald Trump administration: US Stock market, Treasury yields are feeling the heat
Moody's cut the United States' sovereign credit rating to "Aa1" from "Aaa". The move had a negative impact on US stock market.
US Stock futures slide after Moody’s credit rating downgrade triggers market Jitters over $36 trillion debt, rising yields, and tech sell-off
US stock futures slide after Moody’s downgraded the country’s credit rating from “Aaa” to “Aa1,” raising alarm over America’s growing $36 trillion debt. This unexpected jolt hit Wall Street early Monday, sending Treasury yields higher and tech stocks like Tesla, Nvidia, and AMD sharply lower. The downgrade reflects rising concerns about the U.S. fiscal outlook and comes just as Trump’s stalled tax cut bill clears a key committee. With Fed officials speaking and big earnings ahead, investors are bracing for a volatile week. Read on to understand what this downgrade means and how it could shape markets ahead.
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