Global brokerage house CLSA retained its bullish view on Reliance Industries, the country's most valued company, and Lemon Tree Hotels, the largest mid-priced hotel chain in India.After tariff hike, the research house increased its target price on Reliance Industries to Rs 2,010 (from Rs 1,710 earlier), implying 30.6 percent potential upside from current levels following expectations of a good growth in telecom business with a strong subscriber base."Despite tariff hike, Jio is at a 7-20 percent discount to its competition," said the brokerage.Close Reliance Jio on December 4 unveiled tariffs for its new all-in-one plans to be effective December 6 and announced up to 35 percent hike in its tariff. The new plans will provide up to 300 percent more benefits compared to the earlier all-in-one plans. related news Nifty may head towards 12,350, 12,500; top 5 buying ideas which can return 12-17% Experts say RBI may cut repo rate by 60-70 bps in 2020; 15 rate-sensitive … [Read more...] about CLSA bullish on these 2 stocks, expects at least 25% return in a year
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Any reduction in GST rates for the remaining of the current fiscal year is unlikely, a senior government official said."The revenue situation is difficult. There's a possibility that the Centre may have to pay more in compensation to states," the official told Moneycontrol.In its last meeting held in September, the GST Council approved a cut in tax rates on hotel rooms with a tariff of Rs 7,500 and above to 18 percent and those with tariff below Rs 7,500 to 12 percent. GST on room tariff below Rs 1,000 has been scrapped.Close Many industries have been demanding a GST rate cut to boost a slowing economy. Passenger vehicle sales in the world's fourth-largest automobile market have slumped in the past year as lack of financing options, increase in ownership costs and an economic downturn have discouraged people from buying cars. related news Govt taking steps to check onion prices: FM Sitharaman Opposition-ruled states meet FM over delay in GST compensation Global … [Read more...] about Big-bang GST rate reduction unlikely for this fiscal year
Moneycontrol BureauThe Reserve Bank of India (RBI) left the repo rate unchanged in its December policy review while maintaining accommodative stance, as it expects past monetary easing and measures taken by the government to feed into the real economy gradually.All six members of Monetary Policy Committee (MPC) voted in favour of a pause, the central bank said in a statement on December 5.Close To catch all the action from the Monetary Policy Meet, click here related news RBI Credit Policy | To issue draft norms for cooperative banks to strengthen safety of deposits Households expect inflation to rise, businesses see weak demand: RBI survey RBI Credit Policy | Monetary Policy Committee raises consumer inflation target for October-March to 4.7-5.1% Following are the key takeaways from the monetary policy:On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (December 5, 2019) decided to:- … [Read more...] about RBI Monetary Policy: A quick read of the policy document
India ranked among the top five countries worst affected by climate change-induced extreme weather events in 2018.According to the Global Climate Risk Index by Germanwatch, an international environmental think tank, India ranks fifth in the list of countries worst affected by climate disasters in 2018, The Indian Express has reported. The list is topped by Japan, the Philippines and Germany.The index ranks the most vulnerable countries based on the number of casualties as well as economic losses caused by disasters. Last year, India was ranked 14th on the list of most-affected countries in 2017.Close In 2018, as many as 2,081 human lives were lost in India – the maximum for any country that year. While Japan lost 1,282 lives, Germany had 1,246 fatalities in climate-related incidents that year. related news What is the Citizenship (Amendment) Bill 2019 and why is it in the news? Rahul Gandhi lashes out at PM Modi, Amit Shah and Nirmala Sitharaman India’s economic … [Read more...] about Climate change is real: India fifth most vulnerable to extreme weather disasters, shows study
“This is a meditation, just with your body,” begins fitness instructor Taryn Toomey in her deep, gravelly voice, reminiscent of Kathleen Turner. “Feel what your mind is trying to tell you.” advertisement advertisement I am in The Class, billed as a “cathartic mind-body experience” by founder Toomey, who is leading the session in her Tribeca studio. The airy space is outfitted with marble counters, soothing neutral palettes, modern gold-plated fixtures, and wood floors embedded with a layer of rose quartz crystals. Tunes by Florence and the Machine and The XX set the pace of The Class’s routines. As instructed, I am squatting and breathing deeply as a chorus of Lululemon-clad attendees repeatedly shout, “Huh!” in unison. These affluent working women are using sound to (Toomey claims) harness and release energy, treating the class’s mix of cardio exercises, body conditioning, yoga, and meditation as a sort of therapy … [Read more...] about Is This Workout For Your Feelings What American Women Need Right Now?