Business and Finance
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Business and Finance
Source : (remove) : Mint
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Sat, March 29, 2025

by: Mint

HDFC credit card EMI conversion: Everything you need to know about fees and rates

To manage large expenses on HDFC Bank credit cards, users can convert purchases to EMIs using SmartEMI. This method has associated fees and interest rates, and timely repayments can positively affect credit scores.

by: Mint

Lost Wife, Money and Opportunity: Former Analyst's unsolicited advice for Yuzvendra Chahal sparks massive backlash

Siddhant Garg, the founder of Corporate Stories, shared his analysis of how Yuzvendra Chahal would have earned more than ₹8 crore if he had invested his money in Nifty instead of marrying in 2020, according to a LinkedIn post.
Thu, March 27, 2025

by: Mint

What happens if you default on a personal loan? Key financial and legal consequences explained

Defaulting on a personal loan can severely impact your credit score, lead to legal action, attract challenging penalties, and reduce future loan eligibility. Learn how to avoid these financial pitfalls and protect your creditworthiness.
Wed, March 26, 2025

by: Mint

What is a pre-qualified personal loan? Benefits, limitations, and how it works

Personal loans provide quick access to funds, with pre-qualification offering an initial assessment of a borrower's eligibility. This process involves a soft credit inquiry, allowing borrowers to learn about potential loan terms without impacting their credit score.

by: Mint

Personal loans for business: 5 crucial considerations before borrowing

Using a personal loan for business offers smooth access to funds without collateral but comes with higher interest rates, lower loan limits, and potential credit score impacts. Understanding tax implications and repayment terms is crucial before borrowing.
Mon, March 24, 2025

by: Mint

How startups are using AI agents to scale quickly

In India's evolving startup landscape, AI is becoming a crucial partner, enabling companies to operate smarter and faster. Programs like AI Pitchfield offer support and mentorship, helping startups utilise AI to tackle significant challenges and drive innovation across various industries.
Sun, March 23, 2025

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.
Fri, March 21, 2025

by: Mint

Is pre-closing your personal loan a smart move? Pros and cons explained

Pre-closing a personal loan can save interest and improve credit scores, but it may involve pre-closure charges, liquidity issues, and opportunity costs. New RBI guidelines on floating-rate loan prepayment charges may offer relief going ahead.
Thu, March 20, 2025

by: Mint

PayU buys 43.5% stake in payment technology firm Mindgate Solutions for undisclosed sum

Mindgate provides end-to-end real-time payment infrastructure and expertise for several leading banks in India, processing over 8 billion transactions a month.

by: Mint

Co-branded credit cards vs. regular credit cards: Pros, cons, and which to choose

Choosing the right credit card can be challenging. Co-branded cards offer brand-specific benefits, while regular credit cards provide broader rewards. Understanding your spending habits and preferences is crucial in selecting a card that fits your lifestyle and financial goals.
Sun, March 16, 2025

by: Mint

Investing in China: The how and why of it

Even as Indian stock markets go through a rough patch, Chinese equities have rebounded after lagging for around a decade. Global investors are looking to ride this rally.
Fri, March 14, 2025

by: Mint

Former L&T Finance chief Sanjay Garyali appointed CEO of microfinance lender Fusion Finance

Fusion Finance appointed its new CEO, Sanjay Garyali, on March 14, who served as the Former L&T Finance chief and also has experience working with Kotak Mahindra Bank.

by: Mint

Bajaj Finserv Loan: Find the latest updates on gold loan

Access gold loan starting from Rs. 5,000 to Rs. 2 crore and benefit from quick disbursal, free insurance of gold, competitive interest rates, and more.
Tue, March 11, 2025

by: Mint

Term loans explained: Types, benefits, and key drawbacks you should know

Term loans provide individuals with necessary funding for immediate capital needs, large purchases, or expansion. They offer quick access to funds with minimal documentation but require strict repayment adherence,
Mon, March 10, 2025

by: Mint

Why do banks keep offering you credit cards? Here's the real reason

The Indian credit card market is booming, with banks leveraging technology to attract users. In this kind of environment consumers must consult financial advisers. While credit cards offer rewards and benefits,
Sun, March 9, 2025

by: Mint

The rise of 'agentic AI': Why data scientists and software developers should be worried

Agentic AI systems, capable of taking actions without human intervention, have the potential to replace roles traditionally performed by women and men. Going ahead, they will reshape hiring practices and workplace dynamics—the HR department will change,
Thu, March 6, 2025

by: Mint

When do you have to register for GST as a professional landlord?

While renting out residential properties remains tax-exempt, commercial leasing comes with specific GST rules that every professional landlord must understand and follow. Failing to do so could have severe financial and legal repercussions.
Wed, March 5, 2025

by: Mint

How Sebi's serial crackdown crimped F&O volumes and crashed broking-firm stocks

A series of new regulations introduced since July 2024 have shrunk the Indian derivatives market, causing the stocks of companies such as Motilal Oswal, IIFL Capital, and Angel One to plummet up to 60%.
Tue, March 4, 2025

by: Mint

How Shriram Finance streamlined its organization structure and outperformed the market

With a shift towards diversification, Shriram Finance is now the second-largest NBFC in India. What is fuelling the company's growth and helping it outpace the Nifty Financial Services index?
Mon, March 3, 2025

by: Mint

Women in India increasingly seeking credit, monitoring credit scores: Report

NITI Aayog CEO BVR Subrahmanyam today launched the report titled "From Borrowers to Builders: Women's Role in India's Financial Growth Story".

by: Mint

ITR filing 2025: How often can taxpayers switch between new and old income tax regimes?

In India, taxpayers can switch between old and new income tax regimes annually, but business income earners have limited options. The new regime is now the default as per Budget 2023, with choices nee

by: Mint

Law changes on cards for quick CCI nod for distressed asset sales after SC order

The SC's judgement overruled a 2023 order of the National Company Law Appellate Tribunal that had said that while the approval of the CCI was mandatory under the proviso to section 31(4) of the Insolvency and Bankruptcy Code,
Wed, February 19, 2025

by: Mint

Samsung Galaxy S25 Ultra: What's new and what stands out

Available for ₹3,612 per month, the Samsung Galaxy S25 Ultra is designed for professionals needing efficiency and security in a high-performance smartphone.
Tue, February 18, 2025

by: Mint

Quality Power IPO Day 3 Highlights: Issue booked 1.29x. Check GMP, key dates, review, subscription status

Quality Power Electrical Equipments IPO price band is set at ₹401 to ₹425 per share. Subscription kicked off on February 14 and closes on February 18. Quality Power operates in the domain of energy transition technology and electrical solutions.
Tue, February 11, 2025

by: Mint

New Income Tax Bill 2025 Highlights: New I-T bill to be tabled in Lok Sabha on Thursday; How will it impact taxpayers?

The new direct tax code or the new income tax bill announced by Finance Minister Nirmala Sitharaman in the Union Budget, is expected to be presented in Parliament this week.

by: Mint

New Income Tax Bill 2025 LIVE Updates: New I-T bill to be tabled in Lok Sabha this week; How it will impact taxpayers?

The new direct tax code or the new income tax bill announced by Finance Minister Nirmala Sitharaman in the Union Budget, is expected to be presented in Parliament this week. It was approved by the Union Cabinet on February 7.
Sun, February 9, 2025

by: Mint

India vs England 2nd ODI LIVE SCORE: Rohit Sharma roars back to form with 100, India win by 4 wickets to seal series

Riding on Rohit Sharma's 119, India chased down England's 304 with 33 balls to spare and four wickets in hand. India thus win the three-match series with a game to spare. It was Gautam Gambhir's first ODI series win as a head coach.
Wed, February 5, 2025

by: Mint

ITC, IndiGo to Bajaj Finance: SBI Securities picks 5 stocks to buy after Budget 2025

The Union Budget 2025-26 emphasizes reform in taxation, urban development, and support for farmers and MSMEs. SBI Securities predicts it will boost consumption and benefit sectors like retail lending and aviation,
Sun, February 2, 2025

by: Mint

Income Tax Budget 2025 LIVE: How to save up to ?2.6 lakh under new tax rates?

Finance Minister Nirmala Sitharaman in Budget announced new tax slabs in the new tax regime 2025, making it so that there is no income tax for those drawing ₹12 lakh and less. We take a look at who is most likely to benefit from the changed income tax slab.

by: Mint

Union Budget 2025 Highlights: Nirmala Sitharaman will introduce IT bill next week, PM Modi congratulates FM

Budget 2025 LIVE updates: Abhishek Jain, Indirect Tax Head & Partner of KPMG, highlighted that the adjustments announced to customs duties in India are set to foster expansion and development in the nation.
Sat, February 1, 2025

by: Mint

Union Budget 2025 Highlights: From income tax bonanza to consumption boost, FM's roadmap for Viksit Bharat

Highlights: FM Nirmala Sitharaman's announcement on February 1 brings a gift for the Indian middle class with no tax payable up to ₹12 lakh income. The Union Budget also focused on boosting credit for

by: Mint

Budget 2025 | Tax clarity for AIFs as income will now be treated as capital gains

The amendment is significant given that, according to data from the Sebi, more than 1,400 AIFs in the country had raised a cumulative ₹5 trillion as of September 2024.

by: Mint

Budget 2025 | Tax relief for AIFs as income will now be treated as capital gains

The amendment is significant given that, according to data from the Sebi, more than 1,400 AIFs in the country had raised a cumulative ₹5 trillion as of September 2024.
Fri, January 31, 2025

by: Mint

Budget 2025 expectations LIVE: Income Tax expectations to allocations for key sectors - what India wants from the FM

Several industries and taxpayers are eagerly waiting for the second full-fledged budget of the Narendra Modi-led NDA government, which would be presented by Finance Minister Nirmala Sitharaman on February 1,
Wed, January 29, 2025

by: Mint

Budget 2025 Expectations Highlights: Taxpayers hope for income tax relief to boost money in hand, consumer demand

Taxpayers and India Inc. alike are hoping for income tax relief from Finance Minister Nirmala Sitharaman in Union Budget 2025 to boost money in hand and improve consumer demand, respectively.
Mon, January 27, 2025

by: Mint

IDFC First Bank Q3 results 2025 out. Should you buy IDFC First Bank shares?

IDFC First Bank reported a net profit of ₹339 crore, down 53 per cent YoY, while net interest income grew 14 per cent YoY, and the asset quality is stable.
Sun, January 26, 2025

by: Mint

Budget 2025 Expectations Live Updates: Companies seek tax reforms, lower GST rates and capex allocation from FM

Corporate India is seeking tax reforms, lower GST rates and anticipating various capex allocation announcements from Finance Minister Nirmala Sitharaman in her 8th Budget speech.

by: Mint

Motilal Oswal group evaluates sale of home finance arm

The affordable housing finance lender started operations in 2014 as Aspire Home Finance Corp. and has a loan book of ₹4,098 crore

by: Mint

Republic Day 2025 LIVE: Parade to start at 10:30 am in Delhi; India prepares for grand 'unity in diversity' celebration

LIVE: India is set to showcase its military prowess and rich cultural heritage and display a symbolic confluence of 'virasat' and 'vikas' on Sunday. Indonesian President Prabowo Subianto will be the c
Wed, January 22, 2025

by: Mint

Ally Offloads Credit-Card Business, $2.3 Billion Loan Portfolio

Ally Financial Inc. reached a deal to offload its credit-card unit to CardWorks Inc., bowing out of a business it entered just over three years ago.

by: Mint

Union Budget 2025 Expectations Live Updates: Finance Minister Nirmala Sitharaman's 8th speech highly anticipated

Industry watchers are awaiting a host of measures from Finance Minister Nirmala Sitharaman — from income tax slabs, GST rationalisation, infrastructure allocation, and regulatory updates, to address economic distress and consumer sentiment.
Mon, January 20, 2025

by: Mint

5 worst performing stocks in the Nifty 100 in 2024

The Nifty 100 is a benchmark stock market index in India that tracks the performance of the top 100 companies listed on the National Stock Exchange (NSE).
Sun, January 19, 2025

by: Mint

Your guide to investing in the US and global stocks through the Liberalized Remittance Scheme

Under the Liberalized Remittance Scheme, Indian residents are allowed to remit up to $250,000 annually. Platforms like Vested Finance, INDmoney, and Appreciate have leveraged this provision to simplify US stock and ETF investments.
Mon, January 6, 2025

by: Mint

Stocks to Watch: IndiGo, ICICI Securities, Power Grip, Capilin Point, and more

Here's a quick look at stocks likely to be in focus in today's trade. IndiGo: India's largest airline, IndiGo, disclosed receiving an order from the Principal Commissioner of Customs, Air Cargo Complex (Import),

by: Mint

Why q-commerce is driving more new-age brands to tap alternative financiers

From beauty to fashion, consumer startups are seeking easy debt to expand inventory and facilitate marketing for quick commerce.
Fri, January 3, 2025

by: Mint

Davin Sons Retail IPO Day 2: Subscription status, GMP, price band and other details about SME issue

The Davin Sons Retail IPO opened on January 2 and closes on January 6. The company plans to raise over 8 crore via the issue and use the funds for capital expenditure and working capital.
Fri, December 27, 2024

by: Mint

Transrail Lighting Share Price Updates: Stock closes 6% below listing price, but up 28% against IPO price

Transrail Lighting shares witnessed some profit-taking after a solid stock market debut. They ended the session 6% below their listing price but were still up 28% against IPO price.
Thu, December 26, 2024

by: Mint

Can you use personal loans for wealth creation? Here are 5 different ways to do it

If you fall short of money to meet any urgent expense, you can raise a personal loan, which is typically unsecured. However, it is not common knowledge that a loan can be used to consolidate current debts as well.

HDFC credit card EMI conversion: Everything you need to know about fees and rates

To manage large expenses on HDFC Bank credit cards, users can convert purchases to EMIs using SmartEMI. This method has associated fees and interest rates, and timely repayments can positively affect credit scores.

The article from MSN Money discusses the HDFC Bank Credit Card EMI (Equated Monthly Installment) conversion process, detailing the fees, interest rates, and benefits associated with it. It explains that HDFC Bank allows cardholders to convert their large purchases or cash withdrawals into easy, interest-free EMIs, which can help manage finances better by spreading the cost over time. The conversion can be done for transactions above a certain threshold, typically Rs. 2,500, with a processing fee that varies based on the tenure of the EMI. Interest rates for EMI conversion are competitive, but they depend on the duration of the EMI plan chosen, with longer tenures generally attracting higher interest. The article also covers how to convert transactions into EMIs, either at the point of sale or post-purchase through the bank's online portal or customer service, and highlights the importance of understanding the terms like foreclosure charges if one decides to pay off the EMI early. Additionally, it mentions the convenience of managing EMIs through the HDFC Bank mobile app, providing cardholders with tools to track and manage their payments effectively.

Read the Full Mint Article at:
https://www.msn.com/en-in/money/news/hdfc-credit-card-emi-conversion-everything-you-need-to-know-about-fees-and-rates/ar-AA1BPPPZ