Is buying a Rs 1 lakh iPhone on EMI a bad idea? Here's the math you should know
India Today
Easy EMI options offered by banks and online platforms have made it possible to buy these expensive devices with monthly payments that may appear manageable at first glance.
iPhones were once seen as luxury purchases in India. Today, they are far more common, helped by easy EMI options that allow buyers to spread the cost of a Rs 1 lakh phone over monthly instalments.
Walk into any electronics store or browse online shopping platforms and one thing is clear: expensive smartphones, especially iPhones, are in huge demand.
Easy EMI options offered by banks and online platforms have made it possible to buy these expensive devices with monthly payments that may appear manageable at first glance.
But financial planners say the ease of instalments can sometimes hide the real financial burden. For people who are already paying EMIs on cars, education loans or credit cards, adding another EMI for a phone could quietly stretch their finances.
Abhishek Kumar, Sebi RIA and founder of Sahaj Money, believes the growing trend of buying expensive smartphones on EMIs should make people pause and think.
“This trend is largely worrying as it encourages the consumption of high-depreciation assets using future earnings,” he said.
Quick commerce has become the go-to option for instant groceries and food deliveries. But with LPG prices rising and supply concerns growing, the cost pressure may be building behind the scenes. Could this soon make your quick commerce orders costlier? Let's have a look.
Sensex has declined over 6,000 points or roughly 7.5% in a little over two weeks as global tensions and rising oil prices triggered selling in equities.
Speaking in Parliament, Union Petroleum and Natural Gas Minister Hardeep Singh Puri said India has adequate fuel stocks, and there is no cause for concern over availability.
Industry sources told India Today TV that airline operators are now paying additional insurance charges for every aircraft flying into the Middle East, significantly increasing the cost of operations on these routes.
Under law, a domestic household is generally allowed to keep two LPG cylinders of 14.2 kg each at a time. This usually includes one cylinder connected for use and another spare cylinder kept as backup.
Early signals from GIFT Nifty suggest that the benchmark indices could open lower when trading begins. GIFT Nifty futures were trading at 23,784.50 at around 7:58 am. This indicates that the Nifty 50 may open below Wednesday's closing level of 23,866.85.
When markets fall sharply, fear often takes over investing decisions. But did you know continuing SIPs during market crashes has historically rewarded disciplined investors?
The move comes as global energy markets remain on edge due to escalating tensions linked to the conflict involving Iran, which has raised fears of disruptions to crude oil shipments from the Middle East.
India consumes roughly 5.3 to 5.5 million barrels of crude oil every day. However, domestic production is only about 0.6 million barrels per day. This means the country depends on imports for nearly 85% of its oil needs.
At around 10:47 am, the BSE Sensex was down 750.68 points or 0.96% at 77,455.30, while the Nifty 50 slipped 208.25 points or 0.86% to 24,053.35.
Air India said the fuel surcharge is due to the sharp rise in aviation turbine fuel (ATF) prices since early March 2026, triggered by supply disruptions in the Gulf region.
Rahul Bhatia expressed gratitude to employees who worked tirelessly to restore operations during that challenging period, praising their resilience and dedication.