Sunday, November 24
The pace of unsecured credit disbursal from banks and credit card companies may have dropped in the past one year due to the central bank’s tighter norms, but the share of credit-linked consumption has gone up by 4-5 percentage points on a modest base, as per multiple industry executives.As per mobile phone sales tracker Counterpoint Research, 33% of all smartphones sold during the festive season last month were sold on credit as compared to around 29% a year back, while for premium smartphones (priced Rs 30,000-plus) the share is up from 52% to 56%. For white goods, the share has inched up from 35% to 40%, as per industry executives.Even for e-commerce, credit linked sales surged during September and October. Amazon India said equated monthly installment (EMI) adoption has surged 25% ye
WASHINGTON: President-elect Donald Trump said Saturday that former Republican presidential contender Nikki Haley and former Secretary of State Mike Pompeo will not be asked to join his administration. "I will not be inviting former Ambassador Nikki Haley, or former Secretary of State Mike Pompeo, to join the Trump Administration, which is currently in formation," Trump posted on social media. "I very much enjoyed and appreciated working with them previously, and would like to thank them for their service to our country." Trump is meeting with potential candidates to serve in his administration before his Jan. 20 inauguration as president. Reuters reported Friday that Trump met with prominent investor Scott Bessent, who is a potential U.S. Treasury Secretary nominee. Haley, a former South C
England opener Phil Salt tied with Pakistan's Babar Azam to become the player with the third-highest number of centuries in T20I cricket. Salt reached this accomplishment during the first T20I against West Indies at Barbados. During the match, England was assigned a task to chase down 183 runs. Salt almost single-handedly did it by himself, scoring 103* in just 54 balls. His innings was laced with nine fours and six sixes. His strike rate was 190.74. This is Salt's third T20I hundred, tying him with Pakistan star Babar, who also has three T20I tons. Only Indian stars Suryakumar Yadav (4 centuries) and Rohit Sharma (5 centuries) and Australian hitter Glenn Maxwell (5 centuries) are above Salt. All of Salt's three T20 centuries have come against West Indies, making him the only second player
Bitcoin rallied past $80,000 for the first time, boosted by President-elect Donald Trump’s embrace of digital assets and the prospect of a Congress featuring pro-crypto lawmakers.The cryptocurrency climbed as much as 4.7% to an unprecedented $80,092 on Sunday.Trump vowed on the campaign trail to put the US at the center of the digital-asset industry, including creating a strategic Bitcoin stockpile and appointing regulators enamored with digital assets. He emerged from Tuesday’s election in a stronger position than expected — his Republican Party has control of the Senate and is on the verge of holding a narrow majority in the House.“With the dust from Trump’s victory still settling down, it was only a matter of time before a run-up of some sort occurred given the perception of T
