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  Your credit score is more than just a number; it’s a financial passport that can either open doors to opportunities or constrain your financial journey. In the ever-evolving landscape of personal finance, a robust credit score is crucial for various aspects of your financial life. This blog post aims to guide you through the intricacies of building and comprehending your credit score, offering valuable insights and practical tips. Understanding the Basics The average credit score for Indians stood at 715 last year, according to a credit monitoring platform. While this may be considered decent, there is always room for improvement. Your credit score, ranging from 300 to 850, serves as a snapshot of your creditworthiness. A higher score indicates a lower credit risk, influencing your eligibility and the interest rates offered when applying for loans, credit cards, or mortgages. Charting the Course to Financial Success: A Deep Dive into Credit Scores Key Components of Your Credit Sc...

In the opening days of 2024, some of the world's tech behemoths, including Apple, Amazon.com, Alphabet (Google parent), Microsoft Group, Meta Platforms, Tesla, and Nvidia Corp – collectively known as the 'Magnificent 7' – are grappling with a challenging start as their shares face substantial losses on the stock market. The prolonged dip over the past four sessions constitutes their lengthiest losing streak in a month, according to a recent report by Bloomberg News. Shares of some of the biggest companies in the world are facing their biggest losing streak in a month. Understanding the Slide Shares of these tech giants, representing some of the most influential companies globally, have collectively fallen, wiping out a staggering $383 billion in market value. Apple, in particular, has led this broad-based slump, experiencing a 4.6% decline over the past four sessions. The Nasdaq 100 index has also witnessed a sharp downturn in the last four trading days. Steve Sosnick, chie...

Introduction: As the year came to a close, India's manufacturing sector faced headwinds, experiencing an 18-month low in growth during December 2023. The latest data, compiled by S&P Global in the HSBC India Manufacturing Purchasing Managers’ Index, sheds light on the challenges faced by the industry as it navigated a slowdown in new orders and output. India's manufacturing output hit an 18-month low in December. Decoding the Numbers: In December, the Manufacturing PMI dipped to 54.9, down from 56 in November. Despite this decline, the sector managed to stay above the crucial 50-mark, signifying expansion rather than contraction. Notably, the output rose at the slowest pace in 14 months, indicating a challenging landscape for manufacturing. Expert Insights: Pranjul Bhandari, Chief India Economist at HSBC, offered insights into the situation. "India's manufacturing sector continued to expand in December, although at a softer pace, following an uptick in the previous...