The Monetary Policy Committee (MPC) on December 5 unanimously decided to keep the repo rate unchanged at 5.15 percent in its sixth bi-monthly policy meeting while retaining an accommodative stance.Even though the D-Street was expecting a 25 bps rate cut at the bare minimum, experts say that RBI's decision to maintain the repo rate at 5.1 percent is "not a big deal.""It is a surprise. But, the RBI has already given 135bps repo rate cut, and one policy waiting is not a big deal. We will see another 60-70 bps rate cut in 2020 as inflation will cool off," Kaushik Das, Chief Economist - Deutsche Bank, told CNBC-TV18.Close A rate cut generally augurs well for companies that are debt-laden (as it reduces interest cost), banks as well as, non-banking financial companies (NBFCs) as it brings down the cost of funds. For the real estate sector, a fall in interest rates means lower EMIs. related news Bulls to remain on driver's seat till Nifty trades above 11,700 RBI Credit Policy | … [Read more...] about Experts say RBI may cut repo rate by 60-70 bps in 2020; 15 rate-sensitive stocks to bet on
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When I started my software company, we received more job offers than what I could realistically handle. At the time, I thought that the best thing for me to do would be to say yes to them all and reframe the situation as a challenge to conquer. It worked for a while—but eventually, I got to the point where the only growth that I could pursue was scaling the business for more clients and more employees. advertisement advertisement That vision wasn’t particularly inspiring for me. I wanted my name associated with things that people used every day. I wanted to build things that created utility. But I couldn’t see any growth opportunities for myself in the future of this company. In other words, I’d hit a plateau. So I decided to take a step back and reinvent myself. During this time, I learned that when I always have my nose to the grindstone, I have no time to reflect and strategize long-term. Hitting a plateau allowed me to refresh my viewpoint, … [Read more...] about You’ve hit a plateau in your business or career. Now what?
Last week, top Indian drug maker Sun Pharma said the US regulator would lift the import ban on its Mohali manufacturing facility. Investors greeted the news and the development was a big relief for Sun Pharma, which is still fighting to resolve regulatory issues across several of its plants, including the ones acquired from Ranbaxy.There was similar good news for Cadila Healthcare, part of the Zydus Cadila group, which recently got the green light from the US Food and Drug Administration for its Moraiya plant in Gujarat.Dr. Reddy’s had a mixed bag. While the company got three “addressable” minor observations for its Miryalaguda plant in Telangana, its two-year remediation work at Vishakhapatnam went in vain as it received 13 observations.Close David Keeling is familiar with all these developments. As head of the global quality, compliance and remediation practice at management consulting firm McKinsey and Co, he has been working with these top drug makers … [Read more...] about ‘Even in US and Europe, we haven’t seen such orchestrated action by pharma cos’
In San Francisco, there’s a new normal—or rather, a new abnormal. California’s wildfire season is causing thick choking smoke to cover our city and turn our skies orange. Last year, fires sparked an air quality emergency and our air was rated the worst in the world. advertisement advertisement That a major American city suffered a 14-day air quality emergency, due to a wildfire that started almost 200 miles away, is hard for any city official to stomach. It’s even harder to accept that this is likely the Bay Area’s new normal as California wildfires burn hotter, spread faster, and occur with greater frequency—all because of climate change. This blanketing of smoke was previously unheard of in San Francisco. Now we must plan for it. And not only climate induced air quality emergencies but those due to rising seas and flooding as well. A recent U.S. Geological Survey study shows how vulnerable we are to our coastline disappearing under water. … [Read more...] about How San Francisco turned its waste problem into a climate solution
Your billing cycle will be sent to you every 25-31 daysWhen using a credit card, you need to be aware of several terms associated with it, one of which is the credit card billing cycle. Understanding the billing cycle of your credit card is important for financial planning. Once you know your credit card billing cycle, you can use your card to the best of your advantage. The billing cycle refers to the period for which your credit card bill is generated. All the transactions that happen during the billing cycle will reflect in your next statement. What is the billing cycle? Let us take an example to understand what billing cycle means. Let us say your credit card statement is generated on the 4th of every month. Your credit card billing cycle will start from the 5th of the previous month and continue till 4th of the current month. During this period, all transactions done on your credit card will show up in your monthly credit card statement. This would include all credit … [Read more...] about What is Credit Card billing cycle? How it works, due date and minimum payment