A gap is a change in price levels between the close and open of two consecutive days. Because of overnight news and traders sentiment, the stock will have a huge demand or supply the next day morning when market opens. So, we can say that Gaps are nothing but lack...
Keep a check on the company's revenue multiples on a quarter-on-quarter basis. If the multiples are low but the company is performing at the operational level, then that can be a hint that the company has significant upside potential.
The Financial Resolution and Deposit Insurance Bill, 2017, introduced in Parliament during the monsoon session, seeks to create a framework under which banks and other financial services providers would be allowed to use depositor's money to bail themselves out in cases of bankruptcy. The legislation, which was specifically introduced for...
It is required to link your Aadhar with various services as the last date to do aadhar linking is approaching. If your services will not be linked to your Aadhar, following services will be blocked after stipulated time. So if you haven’t done it yet, it’s time to get...
The University Grant Commission has ordered as many as 123 deemed-to-be universities to refrain from using the word ‘university’ in their name. Instead, the institutes may use the phrase “Deemed to be University” within parenthesis. In a letter dated November 10, University Grants Commission (UGC), the higher education authority, has...
New GST Tax Rates on Luxury Cars. Under the GST regime, cars attract the highest tax slab of 28 percent and on top of that, a cess is levied. An ordinance was promulgated last week to hike the cess from 15 percent to up to 25 percent. The Council on Saturday decided...
Secured Creditor cannot invoke Section 14 of SARFAESI Act. As per the recent ruling by Calcutta High Court under Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, the Court ruled that a secured creditor cannot maintain an application under Section 14 of SARFAESI Act 2002 after...
The CBI has taken over the probe into the Srijan scam in Bihar, in which government funds worth about Rs 1,000 crore were allegedly diverted to the accounts of a non-government organisation. The central probe agency has registered 10 FIRs in the case, which was being investigated by the Economic...
A recent Xiaomi Today report has tipped the alleged specifications of the Redmi Note 5. The Redmi lineup of smartphones is highly popular in the Asian markets as these devices are priced affordable and are well-specced too. These handsets give a tough competition to the others in the market...
The central bank has extended the scope of Banking Ombudsman Scheme. The Reserve bank said that under the amended scheme, a customer would also be able to lodge a complaint against the bank for its non-adherence to RBI instructions with regard to mobile banking/ electronic banking services in India....