• Sat, March 22, 2025

by: Moneycontrol

FOIR Calculation: Impact of FOIR on personal loan eligibility and tips to improve it

FOIR helps lenders assess your repayment capacity by measuring how much of your income goes toward fixed obligations. A lower FOIR increases your loan approval chances, while a higher FOIR may lead to rejection or higher interest rates.

by: Metro

How you can invest and save your money more ethically

Now more than ever, you might feel it is time to ensure your money is contributing to the future you wish to see. Do you want to see us transition to a fossil fuel-free world? Do you want to see the clean energy revolution come to life?

by: Fortune

Fired by Elon Musk's DOGE, then reinstated by a judge, thousands of federal workers are living in limbo

He had been worried for weeks that his job would be cut as part of the next round of President Donald Trump and Elon Musk's cuts to the federal workforce. The worker, who prefers to remain anonymous for fear of retribution, was constantly searching for updates on a Reddit forum for federal workers, and glued to a group chat with his coworkers.

by: Kiplinger

Planning Summer Travel? Use These Strategies

To save money on summer travel, book your tickets well ahead of time, use technology and avoid popular destinations.

by: YourStory

SheSparks 2025 brings together women at the forefront of innovation, leadership, advocacy

At SheSparks 2025, an extraordinary lineup of changemakers took the stage to address the challenges and triumphs that define women's participation in technology, entrepreneurship, healthcare, and advocacy.

by: Newspoint

Now the government employees of this state are happy, DA has increased, and will be implemented from April 1

The government's decision has brought joy to the government employees and salary earners of the state, who were waiting for the increase in the allowance. Earlier, Tripura Finance Minister Pranajit Singh Roy presented a budget of Rs 32,

by: Gigwise

Financial Habits of Rich People

Building wealth isn't about overnight success—it's the result of disciplined financial habits that create stability, growth, and security over time. Many self-made millionaires follow similar principles for earning,

by: AOL

The real estate world is fighting over secret listings and the future of how homes are sold

Major real estate players are butting heads over the future of a rule designed to reduce private home listings.

by: CNBC

Rich people live by these 5 rules, self-made millionaire says: 'It's not just about cost'

Ramit Sethi has been teaching people how to get rich for nearly two decades. Follow these rules to build your wealth.

by: Newsweek

Exclusive: Tesla Investor Calls for Board To Oust Elon Musk as CEO

A major Tesla investor told Newsweek the board is being "negligent" by not removing Musk as the company's CEO.

by: cnbctv18

Top 10@10 | Best week for D-St in 4 years, Welspun One bidding war, Ola Electric under fire & more

TV18's daily newsletter featuring the top 10 stories on markets, corporate updates, economic insights, and financial highlights — delivered at 10 pm.

by: MarketWatch

'He claims to be a nihilist': I told my friend to sell his Tesla shares. He did not appreciate my advice. Was I wrong?

Elon Musk told shareholders on Thursday to hold onto their stock, even as sales of the electric vehicles are falling.

by: Cryptopolitan

This $0.02 Altcoin Is Gaining Attention. Will It Follow Pi Network's Footsteps And Surge over 10x in The Next Few Weeks?

A new $0.02 altcoin is catching the eyes of investors, sparking speculation on whether it could follow Pi Network's path and surge over 10x in the coming weeks. Pi Network is trading at $1.18 and gained traction with its unique mining model,

by: CNET

What's the Future of FAFSA and Financial Aid if the Department of Education Closes?

President Trump wants to shift federal student aid to the Small Business Administration, but experts say it's not that simple.

by: Bloomberg

Trump plans his tariff 'liberation day' with more targeted push

President Donald Trump's coming wave of tariffs is poised to be more targeted than the barrage he has occasionally threatened, aides and allies say, a potential relief for markets gripped by

by: Reuters

Coty sells its stake in Kim Kardashian's beauty brand to SKIMS

Coty, which acquired a stake in Kardashian's beauty business, SKKN, in 2021, said it would use the proceeds from the sale to reduce debt and invest in innovations across its broader brand portfolio. Last month,

by: News18

NPS Vs UPS Vs OPS: Comparing Retirement Pension Plans For Employees; Key Differences Explained

Indian government introduces Unified Pension Scheme (UPS) for employees, starting April 2025, with assured post-retirement payouts. Compare OPS, NPS, and UPS differences.

by: TechRadar

Softbank set to buy Ampere Computing for $6.5 billion and could integrate it with Arm and Graphcore

SoftBank confirms $6.5 billion deal to acquire Arm-based chipmaker Ampere The deal could align Ampere with Arm and previously acquired Graphcore The acquisition could put Arm in direct competition with its chip partners We previously reported that Arm is considering making its own silicon,

by: Week99er

502M $TICS Sold, Quant's Interoperability, and Immutable X's Growth - Are These the Best Cryptos to Buy for March 2025?

Crypto enthusiasts and blockchain believers are closely monitoring the best cryptos to buy for March 2025. As the market evolves, the competition among digital assets is fierce, and three cryptocurrencies are taking center stage: Qubetics ($TICS),

by: TheStreet

Weekly Roundup March 16-22, 2025

Discover the states where property taxes are the highest, as revealed by the Tax Foundation. See how your state compares. Medicare funding, DOGE and more. In case you missed it, here's what Retirement Daily published on Medicare and Social Security this week.

by: nation

State to spend Sh3bn for 2025/26 budget hearings in 13 select counties

The National Treasury has apportioned Sh3 billion to finance public participation on the country's Sh4.3 trillion budget for the 2025/26 financial year across a select 13 counties. This means that Parliament will spend about Sh230.

by: Insider

Today's Mortgage Rates | Rates Are Down. But Will Affordability Actually Improve This Year?

These are today's mortgage and refinance rates. Mortgage rates are down slightly, but it's unclear if they'll drop much further in 2025.

by: Kiplinger

Kick the IRS to the Curb in Retirement

That 401(k) or traditional IRA you've filled with your hard-earned money could turn into a tax bomb. Before it blows, see if a Roth could help rescue you.

by: Insider

Almost half of all federal workers support Trump's return-to-office mandate, a new survey found

The Washington Post-Ipsos survey found that 49% of current civilian federal workers support Trump's RTO executive order, while 50% oppose it.

by: Metro

Ethical investments: How your ISA can save our planet (and it won't even you cost you anything)

If Isas allow investors to lend out money tax-free, and Manuel has chosen to lend to Salad Money, a lender that helps those with poorer credit scores to take out cheaper loans and ensures they also check for benefits they may be eligible for.

by: Kiplinger

Annuity Fees: Are You Paying Too Much?

Annuity fees include commissions, administrative costs, expense ratios and more. How much is too much and how do you know if you're overpaying?

by: Insider

ChatGPT is confident and Gemini avoids conflict. Here's what a workplace personality test reveals about leading AI models.

OpenAI's ChatGPT is confident and positive, but when pushed to the extreme, it can be manipulative. Google's Gemini is a good listener but might need a bit of encouragement to say what it really thinks.

by: Insider

Ex-Waymo CEO shares why he still thinks Tesla can't compete with Waymo's robotaxis

Former Waymo CEO John Krafcik told BI that Tesla has yet to demonstrate a single fully-autonomous ride that generates revenue.

by: Insider

Ukraine's combat drones are coming from all over the place. It's a good and bad thing.

Ukraine has hundreds of companies making drones, and the many different types make it harder for Russia to counter them. But there are downsides too.

by: Insider

Elon Musk's 9 p.m. all-hands Tesla meeting shows what he can get away with

Elon Musk's recent after-hours all-hands at Tesla shows he can often ask more of workers than other CEOs. Yet there might also be limits.

by: Insider

Here's what the DISC personality test reveals about leading AI models like ChatGPT and Gemini

OpenAI's ChatGPT is confident and positive, but when pushed to the extreme, it can be manipulative. Google's Gemini is a good listener but might need a bit of encouragement to say what it really thinks.

by: Insider

Google says a scam network made thousands of fake businesses on Google Maps to collect and sell user data

Google said in a new complaint that a network of scammers created fake businesses on Google Maps to collect and then sell users' personal data.

by: Insider

A business owner lost a year's income in one day after DOGE cuts: 'I still choke up on my free days'

As a business owner, Brown can't get unemployment. She's working two part-time jobs to pay her bills.

by: Insider

Accenture CEO says DOGE's cost-cutting drive is hitting business, as worry spreads among staff

Accenture is one of 10 major consulting firms whose government contracts are being reviewed as Elon Musk and DOGE look to cut federal spending.

by: Insider

Apple's AI promises are coming back to haunt it

A California law firm is pursuing a class action lawsuit against Apple, claiming it falsely advertised Apple Intelligence.
  • Sun, March 23, 2025

by: BusinessLIVE

US friction casts pall over local call centres

Meeting ambitious growth targets requires calm diplomatic waters, warns Business process outsourcing industry association

by: BusinessTech

The South African businessman in charge of the UK government's R23 billion investment pot

Leslie Maasdorp is the current CEO of British International Investment (BII), a development financial institution of the UK Government, after serving across South Africa's private and public sectors.

by: GOBankingRates

4 Pieces of Financial Advice From Warren Buffett That Have Stood the Test of Time

Famous businessman and investor Warren Buffett is one of the best people to turn to when you need financial advice. "The Oracle of Omaha" grew Berkshire Hathaway to over $1 trillion and is

by: Mint

Navigating GST registration hurdles: What freelancers and small businesses should know

Freelancers and small business owners may find GST registration more complex than anticipated. Requests for additional documents could complicate matters. Here's how you can navigate the GST maze and avoid costly delays.

by: MiBolsilloColombia

How taxes affect your salary and what you can do to pay less

Understanding the intricacies of federal, state, and local taxes can significantly impact your take-home pay. By exploring common deductions, credits, and strategic financial planning, you can effectively reduce your tax burden.

by: AOL

Texans could be 'hardest hit': The state could lose 370,000 jobs and $47 billion a year in GDP because of Trump's tariffs

While the short-term impact isn't good, the long-term consequences may be even worse. The Perryman Group estimates that Texas is going to lose around 370,000 jobs annually as a result of the tariffs, and around $46 or $47 billion in gross domestic product (GDP).

by: Moneycontrol

FPI outflows ebb amid easing global concerns, optimism over Russia-Ukraine conflict

Dovish commentary from the Fed -- hinting at the possibility of two rate cuts this year -- has encouraged FPIs to selectively re-enter Indian equities.

by: News18

Mcap Of Nine Of Top-10 Most-Valued Firms Surges Rs 3 Lakh Crore; ICICI Bank, Airtel Biggest Gainers

Reliance Industries remained the most valued domestic firm, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Hindustan Unilever, and ITC.

by: BusinessTech

35 South African businesses moved to new safe haven

Albertyn highlighted that over 35 South African-run businesses, including Nedbank, Standard Bank, and Derivco, operate in the Isle of Man or across both jurisdictions.

by: Moneycontrol

Mcap of nine of top-10 most-valued firms surges Rs 3 lakh cr; ICICI Bank, Airtel biggest gainers

The combined market valuation of nine of the top-10 most-valued firms surged Rs 3,06,243.74 crore last week, with ICICI Bank and Bharti Airtel emerging as the biggest gainers, in tandem with a bullish trend in equities.

by: Insider

Is Frank founder Charlie Javice a genius or a swindler? Jury in $175M JPMorgan fraud trial will soon decide.

At her $175M fraud trial this week, Charlie Javice's defense lawyers will tell a jury JPMorgan misunderstood two things: her data and Gen Z.

by: Insider

A Gen-Xer fell behind on savings, changed his investment strategy, and now plans to retire early. 2 books changed his mentality.

Like most Gen Xers, Brannon Potts didn't learn basic personal finance lessons in school, but two books helped turn his finances around.

by: Insider

I'm 58 and lost my 6-figure job. Over a year of applications later, I still haven't found anything.

Pete Petersen, 58, has been looking for work since last February after he was laid off from his corporate job, suspecting ageism.

FOIR Calculation: Impact of FOIR on personal loan eligibility and tips to improve it

FOIR helps lenders assess your repayment capacity by measuring how much of your income goes toward fixed obligations. A lower FOIR increases your loan approval chances, while a higher FOIR may lead to rejection or higher interest rates.
The article from Moneycontrol discusses the Fixed Obligations to Income Ratio (FOIR), a critical metric used by lenders to assess an individual's loan eligibility, particularly for personal loans. FOIR is calculated by dividing an individual's total fixed monthly obligations (like EMIs, rent, and other fixed payments) by their net monthly income. A lower FOIR indicates a better capacity to take on additional debt, thereby increasing loan eligibility. The article explains that lenders typically prefer a FOIR of 40-50% or less, though this can vary. It also provides insights on how FOIR impacts loan approval, with higher ratios potentially leading to loan rejections or higher interest rates due to perceived risk. To improve FOIR, the article suggests strategies like increasing income, reducing existing debts, or opting for longer loan tenures to lower monthly obligations. Additionally, it mentions the importance of maintaining a good credit score and managing finances wisely to enhance loan eligibility.

Read the Full Moneycontrol Article at:
https://www.moneycontrol.com/news/business/personal-finance/foir-calculation-impact-of-foir-on-personal-loan-eligibility-and-tips-to-improve-it-12970645.html

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