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Women borrow more for home purchase than other assets : CRIF Highmark

Women borrow more for home purchase than other assets : CRIF Highmark

Finance
Indian women are focusing more on building hard assets than comforts. They are availing more credit in the form of home loans as compared to personal and auto loans, data from credit bureau CRIF Highmark shows. Women account for 29 per cent of the Rs 20 lakh crore worth home loans extended by Indian lenders as of December 2020. While their share in Rs 4.6 lakh crore auto loans and Rs 5.9 lakh crore personal loans is as at 16 per cent each, according to the credit bureau. But the pandemic seems to be forcing women to go for unsecured personal loans. Active personal loans to women borrowers have spiked by 23% year-on-year or y-o-y as of December 2020, while that for home loans has increased 5% y-o-y. Active auto loans to women borrowers have reduced by 4% during the period. A total of 1.8 cr...
EU clears Google’s purchase of Fitbit, with conditions

EU clears Google’s purchase of Fitbit, with conditions

Technology
EU regulators cleared Google’s plan to buy fitness tracking device maker Fitbit after the company promised to silo off user data and not use it for advertisingBy KELVIN CHAN AP Business WriterDecember 17, 2020, 8:49 PM• 3 min readShare to FacebookShare to TwitterEmail this articleLONDON -- The European Union on Thursday approved Google’s plan to buy fitness gadget maker Fitbit for $ 2.1 billion after it promised to restrict user data and ensure Android phones work with other wearable devices for at least 10 years.Human rights and consumer groups, which had called on authorities to block the deal over privacy and antitrust concerns, were unhappy with the decision. The deal also attracted scrutiny in Australia, where competition regulators are mulling a similar offer from Google.The ...

Considering a home purchase in retirement? Here’s how to get a mortgage

Finance
kali9 | E+ | Getty ImagesIf you're retired and are thinking about downsizing or relocating, and it involves buying a home, you might want to look into how you would finance it.You may discover that qualifying for a mortgage is different from the last time you bought a house. Not only have lenders tightened credit during the coronavirus pandemic, retirees generally have left a steady paycheck behind.It can be tricky for retirees to get a mortgage, said Al Bingham, a mortgage loan officer with Momentum Loans in Sandy, Utah."You can have a lot of money but show very little income and have difficulty qualifying for a mortgage," Bingham said. "It frustrates a lot of them."More from Personal Finance:Congress caps Medicare Part B premium spike for 2021Medicare beneficiaries may get $ 200 to help...
Morocco to purchase missiles, missile defense system from France

Morocco to purchase missiles, missile defense system from France

Business
May 20 (UPI) -- Morocco will acquire missiles and missile defense systems from the defense industry consortium MBDA France, the Moroccan defense ministry said on Wednesday. Government approval of the contract came after Morocco received a $ 211 million loan in February from the French banking group BNP Paribas. France supplies about 44 percent of Morocco's weapons needs -- the United States supplies most of the rest -- and relations between France and Morocco, a French colony until 1956, have long been cordial. The purchase from MDBA France is part of Morocco's five-year plan, begun in 2017, to establish regional military supremacy by modernizing its military forces. It has devoted $ 20 billion to the objective. Since 2008 the country has acquired a naval frigate, two spy satellites and ...
Report: Turkey nearing purchase of Russian Su-35 fighter planes

Report: Turkey nearing purchase of Russian Su-35 fighter planes

Business
Oct. 29 (UPI) -- Turkey is nearing the purchase of between 36 and 48 Su-35 fighter planes from Russia, Turkish government sources confirmed. The figure of 48 planes would comprise two squadrons of the plane, and would complement the S-400 missile defense system that Turkey, a NATO member, purchased from Russia earlier this year and delivered in August. The plane and missile system are part of a cooperative engagement capability in which the Su-35s would act as airborne radar to guide the S-400's missiles as they engage enemy aircraft or missiles. Data from the S-400's ground based radars could also serve an Su-35 pilot, since the S-400's strongest capability is networking with other systems, including fighter planes and the Russian-made Pantsir low-level air defense system. Turkey was su...