Latest news with #SunainaaChadha
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Business Standard
21 hours ago
- Business
- Business Standard
At 17%, Navi Mumbai leads 2025 realty boom: Where prices are rising fastest
The analysis shows that Navi Mumbai is currently driving property market performance across India, with average property values increasing by a notable 17.4% so far this year alone. Sunainaa Chadha NEW DELHI The Indian real estate market continues its upward trajectory in 2025, led by a surge in Navi Mumbai, where home values jumped 17.4% in the first quarter of the year, according to eXp India's analysis of NHB Residex data. Residential real estate has emerged as a preferred long-term investment, particularly in Tier-1 and emerging Tier-2 cities. The Top Performers Among the cities clocking the highest growth this quarter: The analysis shows that Navi Mumbai is currently driving property market performance across India, with average property values increasing by a notable 17.4% so far this year alone. Strong infrastructure, economic development, and connectivity continue to drive demand in these markets. According to Sam Chopra, President of eXp India:The surge in cities like Navi Mumbai and Gurugram is no coincidence. These hubs are where residential demand is aligning with economic and infrastructural momentum.' Markets That Declined However, not all cities saw upward movement. A few regions recorded a dip in prices: While some regions like Raipur and Patna are experiencing short-term declines, the broader market shows resilience, with most regions seeing positive growth year-on-year. What it means for investors: With equities showing volatility and inflationary pressures continuing, property investments are once again gaining attention from Indian investors — especially in metro-adjacent regions that promise long-term growth and rental yield potential. Markets like Navi Mumbai, Noida, and Bhubaneswar offer potential for value appreciation, while cities showing decline may present an opportunity for bargain deals — provided long-term fundamentals hold strong. Navi Mumbai is currently driving property market performance across India, with average property values increasing by a notable 17.4% so far this year alone. Bhubaneswar has also posted impressive quarterly growth at 8.5%, followed by Gurugram and Noida with increases of 7.5% and 7.0%, respectively. Greater Noida rounds out the top five, showing a solid increase of 5.5% in Q1 2025. Raipur has seen the largest quarterly decline at -2.6%, followed by New Town Kolkata (-0.9%) and Faridabad (-0.6%).
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Business Standard
6 days ago
- Business
- Business Standard
₹8 Cr credit, 0 forex, VIP lounges-Inside Kotak's invite-only banking club
olitaire isn't something you apply for. You're invited, and that too based not merely on account balances, but on something Kotak calls Total Relationship Value Sunainaa Chadha NEW DELHI Kotak Mahindra Bank on Friday launched Kotak Solitaire—an invitation-only banking experience designed for India's truly affluent families. But unlike premium accounts you can walk in and open, Solitaire isn't for everyone. You don't apply. You're invited. A Banking Experience You Can't Buy Into—Only Belong To Solitaire is invitation-only, reserved for individuals and families with a deep, multi-dimensional financial relationship with Kotak. It's not about account balances—it's about Total Relationship Value across deposits, investments, loans, insurance, and demat holdings offered by the Bank and it is calculated at a family level. 'Solitaire recognizes success, respects ambition, and reimagines what banking should feel like,' said Rohit Bhasin, President - Head of Affluent, NRI, and Business Banking at Kotak Mahindra Bank. Why it matters for affluent families For India's fast-growing wealthy segment, standard banking no longer meets elevated expectations. Through in-depth research, Kotak found affluent customers felt largely invisible—underserved, with fragmented experiences across product lines and little personal recognition. Solitaire seeks to change that with features such as: ₹8 Crore Pre-Approved Credit Lines across home, personal, and credit card loans Family-First Banking, including shared privileges and credit limits Segment-Specific Offerings tailored to salaried professionals and entrepreneurs Dedicated Relationship Managers for high-touch service A unified platform across Kotak's banking, wealth, and insurance products Solitaire Credit Card: The Lifestyle Enabler The invite-only Solitaire Credit Card brings more than luxury—it delivers loyalty rewards and savings designed for families: Zero forex markup, making it ideal for international travel 10% Airmiles on travel spends, with a cap of ₹1 lakh Airmiles per statement cycle Unlimited lounge access, even for add-on cardholders and their guests No annual fee, and generous redemption options across airlines and hotels Fuel surcharge waived for transactions up to Rs 7500 'This card doesn't just reward you—it respects your journey,' said Frederick Dsouza, Business Head – Credit Cards. 'It's designed for those who've earned their place at the top—and want their family to enjoy the same level of service and recognition.' Solitaire is Kotak's way of saying, 'We see you'—not just your money. But it's not for everyone. You can't apply. You must be invited. And that exclusivity? That's exactly the point. Is it worth it? If you qualify, the benefits are compelling: preferential service, curated offers, significant credit access, and family-first design. For frequent fliers, business families, and those managing multi-asset portfolios, Solitaire may offer more value—and dignity—than legacy wealth programs. But the exclusivity comes at a cost: you can't apply. That means the average high-income earner—even with a seven-figure salary—might not be eligible without deep, multi-layered engagement with Kotak. Still, for India's truly affluent families, Solitaire may be one of the few banking programs that finally speaks their language—discreet, discerning, and deeply personal.
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Business Standard
22-07-2025
- Business
- Business Standard
New PhonePe SBI Cards offer up to 10% back on groceries, bills, travel
With the new PhonePe SBI Card, customers can earn reward points on various everyday transactions, including groceries, bill payments, travel bookings, utility payments, insurance premium payments. Sunainaa Chadha NEW DELHI SBI Card, one of India's largest credit card issuers, has partnered with fintech giant PhonePe to launch two co-branded credit cards: PhonePe SBI Card PURPLE and PhonePe SBI Card SELECT BLACK. These cards offer generous rewards on everyday spends, exclusive benefits, and seamless app-based integration. The cards are available on RuPay and VISA networks, with RuPay cards also supporting UPI payments — a key feature for PhonePe's 63 crore users. What is in it for you? PhonePe SBI Credit Card SELECT BLACK Welcome Benefit: ₹1500 PhonePe e-gift voucher on joining fee payment Reward Benefits: Accelerated Rewards on PhonePe and Pincode Platform: Earn up to 10% value back as reward points on in-app transactions Accelerated Rewards on Online Spends: Earn up to 5% value back as reward points on online spends Base Rewards: Earn up to 1% value back as reward points on all other eligible spends Milestone Benefits: Enjoy a travel voucher worth ₹5,000 on achieving annual spends of ₹5,00,000 Spend Based Reversal Reversal of renewal fee on achieving spends of ₹3,00,000 in the previous year Fuel Surcharge waiver 1% fuel surcharge waiver on transactions between ₹500 to ₹4000. Maximum waiver of ₹250 in a statement cycle Lounge Benefits: 4 domestic lounge access in a year (1 per quarter) Complimentary Priority Pass membership for international lounge access PhonePe SBI Credit Card PURPLE Welcome Benefit: ₹500 PhonePe e-gift voucher on joining fee payment Reward Benefits: Accelerated Rewards on PhonePe and Pincode Platform: Earn up to 3% value back as reward points on in-app transactions Accelerated Rewards on Online Spends: Earn up to 2% value back as reward points on online spends Base Rewards: Earn up to 1% value back as reward points on all other eligible spends Milestone Benefits: Enjoy a travel voucher worth ₹3,000 on achieving annual spends of ₹3,00,000 Spend Based Reversal Reversal of renewal fee on achieving spends of ₹1,00,000 in the previous year Fuel Surcharge waiver 1% fuel surcharge waiver on transactions between ₹500 to ₹3000. Maximum waiver of ₹100 in a statement cycle All reward points can be used to pay credit card bills or redeemed for e-gift vouchers through the SBI Card redemption catalogue. The application, usage, and management of both cards are embedded directly within the PhonePe app, streamlining the credit experience from onboarding to repayments. If you frequently use PhonePe for utility bills, shopping, groceries, or travel bookings, these co-branded cards can bring you real savings through rewards, welcome vouchers, milestone benefits, and travel perks — especially if you spend strategically to meet thresholds. Before applying: Evaluate whether your spending patterns align with the card's reward structure. Choose the right variant (PURPLE vs. SELECT BLACK) based on expected annual spend. Note: Reward redemption is limited to SBI Card's catalogue or bill payments — not cash. "Digital payments in India are experiencing rapid growth, driven by increasing convenience and accessibility of digital platforms. Our strategic partnership with PhonePe is a significant step towards further popularising credit card usage, by combining SBI Card's deep domain expertise and PhonePe's extensive digital network," said Salila Pande, MD & CEO, SBI Card. The PhonePe SBI Card SELECT BLACK offers a ₹1,500 welcome e-gift voucher upon joining fee payment of ₹1,499. It provides up to 10% value back as reward points on PhonePe and Pincode app spends, up to 5% value back as reward points on all other online merchant spends, and 1% value back as reward points on all other eligible spends. The PhonePe SBI Card PURPLE offers a ₹500 welcome e-gift voucher upon joining fee payment of ₹499. It includes up to 3% value back as reward points on PhonePe and Pincode app spends, 2% value back as reward points on all other online transactions, and 1% value back as reward points on all other eligible spends. All these reward points can be redeemed to settle outstanding credit card bills or avail e-gift vouchers from SBI Card redemption catalogue. In addition to rewards, both credit cards feature significant milestones and travel benefits. PhonePe SBI Card SELECT BLACK cardholders will receive a ₹5,000 travel voucher upon reaching ₹5,00,000 in annual spends. Customers can also enjoy four complimentary domestic lounge visits per year (one per quarter), along with Complimentary Priority Pass membership for international lounge access. The PhonePe SBI Card PURPLE offers a ₹3,000 travel voucher on achieving ₹3,00,000 in annual spends. Both credit cards also include a 1% fuel surcharge waiver.
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Business Standard
12-06-2025
- Business
- Business Standard
India's first credit card with UPI and Visa in one - and zero forex fees
If you're someone who juggles multiple cards, UPI apps, and travel booking platforms, Scapia's latest offering might be the one card to rule them all Sunainaa Chadha NEW DELHI Scapia, India's fast-growing travel-first fintech platform, in collaboration with Federal Bank, on Thursday launched a game-changing credit card, which blends RuPay + Visa networks, combines UPI payments with credit, and offers strong travel perks — all packed into a single card. What makes this credit card different? This is not your regular card. It's a dual-network credit card that works across: One statement: You get a single bill for all your transactions — no confusion, no clutter Think of it like this: You can swipe at a cafe in Paris, scan UPI at a kirana store in Pune, book a flight to Bangkok, and all of it gets tracked in one single credit statement. "Designed to replace the clutter of multiple cards, wallets, and apps, the Scapia Federal Credit Card delivers a smarter, unified way to spend — whether for everyday essentials or vacations. With this launch, Scapia and Federal Bank are not just introducing a card —they are reimagining how India pays by blending the power of credit, UPI, and travel into a single, future-ready solution," read the release. Key Benefits of Scapia Federal Credit Card: One credit limit. One statement. Total control: Manage all cards and UPI spends (via RuPay) in one place, with a single statement. Dual-network convenience: Use Visa and RuPay together — unlocking acceptance for online, offline, international, and UPI transactions. Zero forex markup on all international transactions. Unlimited domestic lounge access and complimentary dining, shopping and spa across all airport outlets. Earn rewards on every eligible transaction and redeem for travel on the Scapia app - for flights, stays, buses, trains or more. Map-based Stay Search: Find hotels near the beach or the bazaar visually Smart Train Bookings: Get route suggestions to beat long waitlists Special Fares: Tailored pricing for students and senior citizen Who Should Consider This Card? Frequent travelers looking for lounge access and zero forex markup UPI lovers who don't want to use debit but want credit on UPI Tech-savvy users who book flights, trains, and hotels online Busy professionals/students who want one card for everything What's new in the Scapia App? Scapia has rolled out a summer upgrade: Train ticketing that suggests confirmed alternatives Map-based hotel search near landmarks Student and senior citizen fares for flights Redesigned rewards interface to track and redeem Scapia Coins easily "By bringing together the reach of Visa, the innovation of RuPay on UPI, and the trust of Federal Bank, we have built a product that's frictionless, borderless, and future-ready. Whether you are paying for your next coffee or your trip to the next continent, this card does it all — seamlessly, securely, and with unmatched rewards," said said Anil Goteti, Founder and CEO of Scapia.
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Business Standard
06-06-2025
- Business
- Business Standard
New to investing? BSE's free Nivesh Mitra app helps you learn without risk
BSE Nivesh Mitra allows users to simulate market participation in equity and mutual funds using actual historical data, as per SEBI guidelines. Sunainaa Chadha NEW DELHI Thinking about investing in stocks or mutual funds but don't know where to start? You're not alone — and now you don't have to jump in blind. BSE, India's oldest stock exchange, has launched BSE Nivesh Mitra, a free, easy-to-use learning app for anyone who wants to understand how the markets work — without actually spending real money. And the best part? It's backed by market regulator SEBI, which means it's completely educational, unbiased, and safe. What can you do with the app? Step-by-step guidance on how to open a demat/trading account Simulated investing in stocks & mutual funds using virtual money Personalised risk profile with suggestions on how to balance your portfolio Short, clear videos on how mutual funds and markets work A user-friendly dashboard to track your "investments" and practice decisions The app aims to democratize financial literacy by providing aspiring investors with a risk-free, simulation-based learning environment that mirrors real equity and mutual fund markets using virtual currency. Unlike typical investment platforms, BSE Nivesh Mitra is purely educational, offering no investment advice or promotional content. The app allows users to learn how to open a trading or demat account, assess their personal risk profile, and simulate investments using historical market data. Users can explore equity and mutual funds with guided support, interactive dashboards, and a growing library of explanatory videos — all without needing an actual trading account or prior investment experience. 'Investor education is a key mandate for SEBI and this app forms part of a broader mission to build a financially informed population and promote responsible investing. With BSE Nivesh Mitra, we now have a practical tool that is free and accessible to all that introduces new investors to the realities of market participation without the attached risk.' said Shashi Kumar Valsakumar, Executive Director, SEBI. The app is available for free on both the Apple App Store (Nivesh Mitra on the App Store) and Google Play Store (Nivesh Mitra (Beta) – Apps on Google Play). Plans are underway to expand the platform by including other exchange-traded products in future updates. "Investor awareness and education are prime areas of focus for BSE, and BSE Nivesh Mitra is setting a benchmark on how exchanges can play a proactive role in investor education. By equipping individuals with the knowledge and confidence to navigate financial markets, the app is a contribution from the exchange in creation of a more inclusive and robust investment ecosystem," said Sundararaman Ramamurthy, MD & CEO, BSE.
