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With students of the Jawaharlal Nehru University (JNU) persisting with an exam boycott, the government is looking to break the impasse by promising to roll back service and utility charges for hostels and withdrawing cases against students, The Economic Times has reported. The report states that, in return, the students will be asked to hold discussions and not 'gherao' administrative blocks in future. In addition to that, the students will also be asked to make up for the lost study time and accept reasonable increases in some of the hostel charges, sources told the newspaper. Moneycontrol could not independently verify the report. The report states that the government has proposed that the JNU administration reaches out to the student community and end the atmosphere of "confrontation". Apart from the aforementioned rollback, the report states that the University Grants Commission (UGC) will also be asked to restore the university funding and that the hostel staff expenses can be … [Read more...] about JNU row: Govt ready to roll back fee hike, withdraw cases against students

Shabbir KayyumiRSI stands for Relative Strength Index. It is a momentum oscillator used to identify trend reversal. RSI was invented by Welles Wilder Junior. The default look-back period for RSI is 14, however, this can be lowered to increase sensitivity and vice versa. RSI calculates strength of stock trend and helps to predict their reversals.Why to Buy State Bank of India (SBIN)?Close There are a lot of trading strategies using RSI; below mentioned is one of the most popular among the trading community which involves buying after completing retracement for higher movement; however, the support of another momentum oscillator, stochastic, can give additional support.Shabbir KayyumiHead of Technical & Derivative Research|Narnolia Financial Advisors 'Nifty may move towards 12,200 in coming days; bet on these 3 stocks for double-digit returns'Inverse Head & Shoulder Pattern suggests buying PNBWith bullish bias to continue in medium term, bet on these 3 stocks for 15-18% returnIn … [Read more...] about RSI pullback in SBI suggests buying opportunity

Global brokerage house Morgan Stanley is bullish on top private-sector lenders ICICI Bank and HDFC Bank. In fact, both are its top picks in the space, though its base case is for a fairly weak financial sector in 2020.The research house feels loan growth will be slow and non-performing loans (NPL) formation will be elevated. "Banks and NBFCs will struggle to improve balance sheet and profitability," it said.It is underweight on Yes Bank, RBL Bank, IDFC First Bank, Federal Bank and state-owned banks (Ex-SBI) and among non-banks, it is underweight on Indiabulls Housing Finance and PNB Housing Finance.Close Morgan Stanley does expect ICICI Bank to return 48 percent (at Rs 775 per share) in next one or two years, as large lenders are at the start of a super-normal profit cycle. related news RSI pullback in SBI suggests buying opportunity No ‘intermediate top’ but traders could go short on Nifty this week: Experts Top buy and sell ideas by Ashwani … [Read more...] about Morgan Stanley bullish on ICICI Bank, Grasim among 5 stocks

To raise additional revenue, the Goods and Services Tax (GST) Council may raise the base rate to 9-10 percent from five percent, reports The Times of India.The GST Council will reportedly discuss the option of moving 243 items to the 18 percent slab and scrapping the 12 percent slab. If this fructifies, there will be three GST slabs: five percent, 18 percent and 28 percent.Rejigging the GST structure may help raise an additional Rs 1 lakh crore in revenue, the report said, adding that the increase in levies could raise the effective tax rate to 12.5-12.75 percent from the current 11.6 percent.Close Also read - The GDP rescue act: Monetary policy is at a dead end related news Government mulls tie-up with Amazon, Flipkart to help MSMEs boost sales: Report India took only five years to move from $2 to $3 trillion economy: Harsh Vardhan Shringla Moneycontrol could not independently verify the story.Officials are also considering taxing certain items that were … [Read more...] about GST Council may raise base rate to 10% from 5%, move 243 items to 18% slab

When beauty blogger Coco Park was dating her now-husband, who is Korean-American, she became fascinated by the gorgeously packaged products in his parents’ bathroom. Finally, one day, she stopped in a Korean beauty store in New Jersey. “Just sampling the products, I was like, ‘Wow, this is a whole new world,’” she says. “The formulations were so different, so nice.” She switched to a Korean skincare routine, which focuses on prevention and perfecting the skin—not just doing spot treatments to hide flaws, but on treating skin as a treasured possession to be nurtured with the best ingredients. Now, she uses 17 skincare products a day. advertisement advertisement Her skin went from dry, sensitive, and prone to breakouts to glowing—even without her previous staple, foundation. “Within two to three weeks, my red marks were fading, my skin was more hydrated. It wasn’t cracking or flaking. Within six months, my skin … [Read more...] about Inside The Booming Korean Skincare Market