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Prepaying a personal loan can reduce interest costs, but closing a loan early is not always beneficial. Mukesh Pandey said, "It pays to consider if the cost of closing the loan early is lower than the overall savings." Borrowers should check foreclosure charges and keep enough money for emergency needs.
The Deendayal Port Authority crossed the 70 MMT cargo mark on August 22, 2026. This milestone makes it the fastest major port in India to reach the target this financial year. The port showed a 23.02% growth compared to last year, as officials praised the team for their hard work.
Gold prices traded higher on August 24 as a weaker dollar boosted demand. COMEX gold futures rose 0.47 percent to $4,702.70 per ounce, while silver fell 0.69 percent to $69.05. Domestic MCX futures for October closed flat at Rs 1,62,440 per 10 grams. Future rates will depend on global economic data.
MCX gold October futures rose 0.65% to ₹1,63,500 per 10 grams on Monday, while silver September contracts fell 0.13% to ₹2,46,269 per kg. Gold prices got support from a stable dollar and lower oil prices. Many investors now wait for US inflation data and a speech by US Fed Chair Kevin Warsh.
Your oldest credit card helps your credit score, but you should not keep it forever. CIBIL says older accounts with good repayment records can be beneficial to keep open. Check if the card has high annual fees or if closing it makes your total credit utilisation rise before you decide.
Bihar Chief Minister Samrat Choudhary on Sunday announced a plan to develop a 126-kilometre Marine Drive along the Ganga with a ₹70,000 crore investment. The state government will provide ₹20,000 crore, while private entities will invest ₹50,000 crore. This project aims to expand infrastructure and create many new employment opportunities.
A young engineer quit a stable MNC job with a ₹4.5 LPA package to join a startup for ₹3 LPA. Despite facing parental anger and self-doubt, the professional chose passion over pay. They said, “I might have taken a wrong decision but I am finally doing what I love.”
Citigroup and Axis Bank teamed up to finance non-resident Indians investing in foreign-currency deposits. Axis Bank will provide standby letters of credit to support financing from Citigroup’s offshore operations. This arrangement helps the Reserve Bank of India bolster foreign-exchange reserves as deposits under the program surged past $52 billion recently.
Japan's SoftBank Group said on Monday it plans to issue 1 trillion yen ($6.29 billion) of seven-year corporate bonds aimed at individual investors. The firm set a provisional coupon range between 4.3% and 4.9% for this record issuance. SoftBank uses these funds to support its growing artificial intelligence investments.
Indian benchmark indices are likely to see a firm opening on August 24, tracking GIFT Nifty, which was trading higher at 24,337.50. Markets ended flat on August 21 as investors got cautious. While global cues remained mixed, the Sensex closed at 77,540.83 and the Nifty rose to 24,252.00 points.
Asian stocks edged lower as the artificial intelligence trade stayed in focus. MSCI’s Asia Pacific equities gauge slipped 0.2% on Monday, while oil fell 1.5% to $93 a barrel. Investors now watch for Nvidia’s upcoming earnings and Federal Reserve comments to see if the current tech rally has more room.
Macquarie and the RP Sanjiv Goenka Group are the final bidders for Welspun New Energy. The sale of the renewable energy arm entered its last phase, with the deal value expected at Rs 2,000 crore. Welspun currently has 45 MW of operational capacity and plans to grow significantly by 2030.