Q) What is the outlook for Nifty in the coming week? And, what are the important levels to watch out for?A) The Nifty heavyweight RIL will hold its 43rd annual general meeting (AGM) in the coming week on July 15, 2020. Going by past records, RIL’s AGM improves the sentiment of its stock price, and given its weight in the index, markets too are expected to remain upbeat with positive bias unless negative global cues spoil the RIL AGM party. … [Read more...] about RIL 43rd AGM eyed, deploy sell on rally for Bank Nifty
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4. Breakout rooms One of Zoom’s lesser-known features is the option to assign participants to breakout rooms. As the meeting host, you can divide your meeting into smaller groups of up to 50 prior to the beginning of your meeting. Participants can discuss privately within their separate groups, and ping the host if they need assistance. This tool is especially useful for businesses or educational lectures that require team-based activities. … [Read more...] about 5 Zoom tools you need to take your virtual meetings to the next level
According to its credit analyst Geeta Chugh, non-bank finance companies (NBFCs) will be more hit as compared to banks because of lending to weaker sections, reliance on wholesale funding, and liquidity difficulties because of a higher proportion of borrowers opting for default. … [Read more...] about Loan recasts to only defer problem, NPAs may zoom up to 14% due to COVID-19: S&P Global Ratings
After the US proclamation that banned non-immigrant visas such as H-1B at the back of COVID-19, Canadian immigration reported a huge spike. For instance, the country saw 11,000 immigrants in May compared to 4,000 in April with significant number of them from countries such as India, China, the Philippines, the US, and Nigeria. … [Read more...] about US visa ban | Is Canada really the next destination for thousands of Indian techies after the US?
Yes. And, that is why you need to be careful while opting for the moratorium. Use the flexibility only if you have no funds to pay your dues. Interest will compound during the moratorium period, adding to your burden. “In the case of credit cards, you have always had the option of paying the minimum amount due (5 per cent of the outstanding) in case of a financial crunch. The moratorium does not offer any great additional benefit,” says Pankaj Mathpal, Founder, Optima Money Managers. In case you pay only the minimum amount due, too, you must treat it as an interim measure and strive off to pay off the entire outstanding as soon as possible. It represents a tiny portion of your outstanding amount and the balance will continue to attract exorbitant interest. It’s best to meet the repayment schedule unless you are facing a financial distress. … [Read more...] about RBI Moratorium: Postponing credit card dues will mean paying exorbitant interest costs