If the idea is so good and giving so many benefits, why is it that somebody else has already not done it? This is tough question faced by any innovator. A genuine answer to this question is required rather than saying, “There is no one as bright as me”. There is no point in trying… Read More »
With new developments under the Ministry for MSME (Micro, Small and Medium Enterprises), banks are given guarantee for their loans to the small and medium enterprises under the aegis of Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE). Hence the trend to give loans without collateral is picking up. the cover by CGTMSE… Read More »
These are high net worth Individuals who are ready to invest in start up companies. The typical investment cap is at Rs.1 crore starting from as low as Rs.10 lakhs to Rs.25 L. They expect equity from the promoters and exit typically by selling their equity in the next rounds of funding.
While no investment option can guarantee returns, over the past one year, top-performing gilt funds have managed to generate returns exceeding 20%. This is because in the recent times, RBI has introduced number of interest rate cuts. As there is an inverse relationship between the interest rates and the prices of bonds, reduction in interest… Read More »
SBI Card, the Joint venture from the State Bank of India and GE Capital, has launched mShop, a scheme to enable its customers shop from over 100 merchants across the country, using their mobile phones.
Asset allocation, as explained above, is a process wherein an investor takes a decision of how his portfolio will be diversified. Diversification is an important goal for an investor. Putting all the savings in equity market might not be a safe investment decision while investing in fixed income securities is also not advisable looking at… Read More »
There is no set upper limit to the amount you can pay as down payment – it all depends on how much cash you can manage to set aside. The more you are able to pay as down payment, the lesser is the amount of loan taken from a bank, resulting in easier monthly payments… Read More »
According to a company release, HDFC has launched a special home loan product at a fixed rate of 8.25 per cent a year valid up to March 31, 2012 and the applicable floating rate for the balance term, i.e after March 31, 2012, the interest rate will be changed to the then prevailing floating rate… Read More »
If one buys a 500 sq.ft flat in Navi Mumbai at a cost of Rs 3500 per sq ft, the total cost would be Rs 1750, 000. At an 8.5% interest for 15 years, the interest rate would be Rs. 13,51,940. If the prices go up to Rs 5500, the cost jumps by 57% to… Read More »
ICICI Bank has raised around Rs 3,500 crore through an overseas bond issue, the bank said in a press release. The “5.33 year” fixed-rate paper was issued through the bank’s Bahrain branch and saw a total subscription of over $3 billion from over 250 investors.