Latest news with #Compatibility
The Hindu
10-07-2025
- Business
- The Hindu
ITI may sell some land to repay bank loan of ₹1,500 crore
The Union government on Thursday reiterated its monetisation plan for land owned by ITI Ltd., set up in Bengaluru in 1948. 'We are working on a monetisation plan for ITI to raise money to fund the development and expansion activities of the PSU's digital technology and communication business,' Jyotiraditya M. Scindia, Union Minister for Communications and Development of North Eastern Region, told The Hindu. Details being worked out When asked how many acres of ITI campus would be part of the monetisation plan, the Minister, on the sidelines of his visit to ITI's 400-plus acre campus at Dooravani Nagar in Bengaluru, said such details were yet to be worked out. Earlier speaking to the media, Mr. Scindia said that ITI was an institution that had contributed tremendously in the telecom revolution of India. The PSU was able to adapt along with technological advancements from manufacturing of rotary and push-button dial phones into manufacturing of core telecom equipment, the radio access networks, the routers, PCB Boards etc. 'The shift has been tremendous and I look forward to ITI playing an even more fundamental role in technology as the telecom revolution sweeps our country,'' said the Minister. To a question whether the Ministry was supporting ITI in modernising its technology and manufacturing capabilities, Mr. Scindia said: 'Yes. I think the management of the ITI has to have that responsibility. The Ministry's responsibility is to make sure that it's sustainable. At this point, we are working on multiple strategies to ensure that ITI becomes much more financially sound. I am very confident that the whole government approach will be able to accomplish that,'' the Minister added. Internal resources Later, ITI chairman and managing director Rajesh Rai told The Hindu that the PSU currently has a bank loan of ₹1,500 crore and the company was exploring internal resources to repay it. 'We are in a financial restructuring mode. We require some working capital and we are currently working towards that,' said Mr. Rai, adding: 'Regarding monetisation, we are in preliminary discussion with National Land Monetisation Corporation. How much land will be monetised will be decided later.'' Land value ITI would be able to fetch ₹70 crore and above per acre of land, as per realty sources in Bengaluru, as the land parcel is situated on a high connectivity corridor. The campus currently comprises factory units, a data centre. 4G equipment, telecom HDPE pipes for various clients, EVMs, printed circuit boards upto 4 layers, Electromagnetic interfaces and Electromagnetic Compatibility Lab, Telecom testing labs, 3D Printing facility, various encryption products for defence and a start-up hub called Vinyaas. It also has a clubhouse, corporate office, guest houses, badminton court, cricket ground, parks, trees (including horticulture), and employee residences from A type to E type. It also has two schools, ITI Vidya Mandir and CBSE Central School in addition to ITI Hospital, post office, two fuel stations and two CNG stations, BSNL office and banks.
Yahoo
09-02-2025
- Business
- Yahoo
73% of Americans say salary matters when picking their Valentine — but these two financial factors matter even more
Compatibility may feel less like bonding over favorite movies and more like syncing up bank account balances. For today's romantics, love isn't just in the air — it's in the assets. According to BMO's The Price of Love survey, 73% of Americans say salary plays a role when choosing their Valentine. However, two financial factors top even that: 86% of singles prioritize a partner with a strong career trajectory, while 83% are drawn to someone with a good credit score. I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 5 of the easiest ways you can catch up (and fast) A near-record number of Americans are grappling with $1,000 car payments and many drivers can't keep up. Here are 3 ways to stay ahead Protect your retirement savings with these 5 essential money moves — most of which you can complete in just minutes One Reddit user put it bluntly, financial responsibility is way more attractive than the size of a paycheck. 'My advice is to find someone who is intelligent about finances rather than looking at their hourly wages. Don't be afraid to discuss money and personal finance with a potential partner,' they wrote on the AskWomenOver30 subreddit. As Valentine's Day approaches, it's clear that the modern love story has a new protagonist: financial security. While grand gestures and dinner dates will surely still hold their charm, many Americans are looking beyond romance to evaluate their long-term financial compatibility. Looks might catch someone's eye, but when it comes to finding the one, financial attractiveness may be just as important. A good credit score is a reflection of financial responsibility. It shows you can manage debt wisely, pay bills on time and maintain discipline with your money. As of September 2024, the average credit score in the U.S. held steady at 715. While that's in the midrange of 'good,' it's still considered a strong score. But don't assume everyone's hitting that mark — 46% of consumers have a score below 715. But it's not just about credit scores. Career trajectory is nearly as appealing, signaling ambition, security and a clear sense of direction. Singles often look for partners who are passionate about their work because it can reflect dedication and commitment — qualities that translate well into personal relationships. As one Reddit user put it, 'I want someone with financial stability and independence but that doesn't mean rich.' In an email to Moneywise, Paul Dilda, head of U.S. Consumer Strategy at BMO, says it's no surprise credit scores rank highly when considering long-term partners. 'A high-paying job can come and go, but a good credit score signals financial responsibility, which is the most attractive financial trait our survey found.' Financial attractiveness isn't about flashy salaries or luxury lifestyles. It's about showing that you're capable of managing your life with intention and purpose. After all, someone who doesn't ghost their loan payments is probably less likely to ghost their partner. Read more: Home prices in America could fly through the roof in 2025 — here's the big reason why and how to take full advantage (with as little as $10) While a strong credit score and a promising career are undeniably attractive, pulling out a spreadsheet on the first date isn't exactly the hallmark of romance. But, many people do want to have conversations about money earlier than you may think. Nearly four in ten Americans believe financial conversations should start as soon as the relationship becomes official, according to BMO, while 10% think it's perfectly fine to discuss finances after just a few dates. Even though people say they're ready for these talks, many aren't walking the walk. In fact, 11% of Americans in committed relationships rarely or never discuss finances beyond household expenses. It seems the desire for financial transparency is there — just not always the follow-through. 'It may sound like a recipe to create bickering, but bringing more financial transparency into your relationship may actually help increase your odds for happily ever after," Dilda said. If you're unsure how to navigate these kinds of conversations — regardless of the stage of your relationship — consider setting aside dedicated time with your partner. Then you can talk about goals, spending habits, any debts and plans for the future. And if things get tricky or you need some expert guidance, consider consulting a financial adviser together to help create a road map to keep both your hearts — and budgets in sync. Jamie Dimon issues a warning about the US stock market — says prices are 'kind of inflated.' Crashproof your portfolio with these 3 rock-solid strategies One dozen eggs in America now costs $4.15 — and $14.35 for a pound of sirloin steak. Both record highs. 3 simple ways to protect your wealth in 2025 Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Sign in to access your portfolio
