Bharat Heavy Electricals (BHEL) share price was down more than 1 percent in the early trade on November 22 after CRISIL downgraded the company rating.CRISIL has downgraded the rating on the long-term bank facilities to ‘CRISIL AA’ from ‘CRISIL AA+.The agency, however, revised the outlook from ‘negative’ to ‘stable’. Also, the rating on the short-term bank facilities has been reaffirmed at ‘CRISIL A1+’.Close The revision in rating reflects the company's weaker-than-expected operating performance and the continued decline in net cash levels in the first half fiscal of 2020, the rating agency said. related news D-Street Buzz: Nifty IT underperforms dragged by Infosys; Zee Entertainment jumps 3% Suven Life Sciences share price jumps 4% Ujjivan Financial Services share price up 3% as Macquarie raises target price to Rs 325 At 0922 hours, Bharat Heavy Electricals was quoting at Rs 55, down Rs 0.40, or 0.72 percent, on the … [Read more...] about BHEL share price slips 1% after CRISIL downgrades rating
Buying health insurance is an essential item in a personal finance to-do list. If you have already bought one then you are supposed to renew it every year. Over a period of time, the quantum of health insurance required goes up, and so does the premium payable. Rising health insurance premium rates further inflate the bill. That makes many look for larger cover at relatively less price. Some end up buying super top-up policies. Of late, many insurance companies are offering restoration benefit that makes many believe that their existing covers are enough to take care of large hospitalisation expenses.Insurance industry officials tell us that these days some first time insurance-buyers typically want to buy policies with restoration benefit and want to settle for a sum-assured they otherwise would have thought inadequate. At the time of renewal, these insurance buyers may end up opting for the renewal of their base health insurance plan and not renew their super top-up insurance plan as … [Read more...] about Restoration benefit: Should you dump your super top-up policies?
The Central Government recently reduced the contribution under the Employee’s State Insurance(ESI) Act to 4 per cent from 6.5 per cent. This revision is effective from June 1, 2019 and is expected to benefit 3.6 crore employees and 12.85 lakh employers. The recent reduction in the rate of contribution does not reduce the benefits offered under the scheme. But, the burden on employers and employees gets reduced. Employers’ cost of labour goes down accordingly and employees also get higher take-home salaries.The contribution from employers is reduced to 3.25 per cent from 4.75 per cent, while that from employees is cut to 0.75 per cent from 1.75 per cent. Like the EPF(employee provident fund), ESIC also gets contributions from employers and employees.The Employee’s State Insurance Corporation (ESIC) comes under the purview of the Ministry of Labour and Employment. This was the first act by the government to offer a social security net to the expanding labour class … [Read more...] about Explainer | Reduced contribution towards ESIC to reduce costs for companies, increase take-home salaries for employees
The initial public offering (IPO) of Indian Railway Catering and Tourism Corporation (IRCTC), the tourism and catering arm of the Indian Railways, opened for subscription on September 30 and will close on October 3.The price band is fixed at Rs 315 to Rs 320 per share. The government hopes to raise up to Rs 645 crore through the offering.IRCTC is a central public sector enterprise owned by the government under the administrative control of the Ministry of Railways. After RITES, Rail Vikas Nigam and IRCON International, IRCTC is the fourth entity of the Indian Railways to be listed since 2018.Close Here is all you need to know related news These 26 stocks saw EPS downgrades in 4 quarters: time to book out? Market Headstart | Nifty may open flat over fears of delay in 'Phase one' US-China trade deal Trade Setup for Friday: Top 13 things to know before Opening Bell The IPO comprises of an offer for sale of two crore shares (representing 12.50 percent of total paid-up … [Read more...] about IRCTC IPO: Brokerages say buy, but risk remains part of equation
The US has extended its support to India's opposition to China's ambitious One Belt One Road (OBOR) initiative, saying it shares New Delhi's concern over the multi billion-dollar project while questioning the economic rationale behind it.India is the only major country in the world to have opposed the OBOR project on the grounds of territorial sovereignty, given that its flagship project, the China-Pakistan Economic Corridor (CPEC), passes through Pakistan-occupied Kashmir, which India has always maintained is its territory.The Belt and Road Initiative, a pet project of Chinese President Xi Jinping, focuses on improving connectivity and cooperation among Asian countries, Africa, China and Europe.Close India has been “crystal clear from the outset they saw the geopolitical elements of the One Belt One Road,” Principal Deputy Assistant Secretary of State for South and Central Asia Alice Wells said in response to a question at Woodrow Wilson International Centre for Scholars … [Read more...] about US shares India’s concerns on China’s One Belt One Road project: Wells