Yesterday's big news was related to cab service providing company Ola Cabs. The government has asked the company to give customers the option to choose between bank account and coupon while giving refund.
The market cap of tech company Tata Consultancy Services (TCS) fell by Rs 35,638 crore to Rs 15.02 lakh crore after last one week's trading.
The next news was related to Pradhan Mantri Awas Yojana. In this, eligible persons get concession on home loan through CLSS. But many people do not know that the government can withdraw the subsidy if some conditions of the scheme are violated.
1. Market-cap of TCS fell by ₹ 35,638 crore: Value of 7 out of top-10 companies decreased by ₹ 1.22 lakh crore last week.
In terms of market capitalization, the value of 7 out of the top 10 companies of the country has combined reduced by Rs 1,22,107.11 crore last week. Tata Consultancy Services (TCS) was the top loser during this period. During the week's trading, the market cap of the company has decreased by Rs 35,638 crore to Rs 15.02 lakh crore.
Apart from TCS, Reliance Industries was the second big loser. The market cap of the company has fallen by Rs 21,351.71 crore to Rs 18.55 lakh crore in a week. Apart from these, the market cap of ITC, Hindustan Unilever, LIC, ICICI Bank and HDFC Bank has also decreased.
2. Ola will give refund option to customers: The customer will choose whether he wants refund in cash or coupon, more than 2000 complaints were received against the company this year.
Cab service providing company Ola Cabs will now have to give the consumer the option to choose between bank account or coupon while giving refund.
Currently, if any customer complains for a refund on the Ola app, the company gives him a coupon as a refund, which he can use only for the next ride on the Ola app.
3. Expected rise in stock market this week: From Hyundai IPO, retail-wholesale inflation to FII-DII flows; These factors will decide the movement of the market
There may be a rise in the stock market this week. The market will keep an eye on the second quarter results of companies, retail-wholesale inflation data, global economic data, oil prices, FII-DII flows and upcoming IPO.
4. Government can also withdraw the subsidy of PM Housing Scheme: Due to this, increased EMI will have to be paid, know what are the rules regarding this
The second phase of Pradhan Mantri Awas Yojana (PMAY) has been launched recently. In this, eligible persons get concession on home loan through Credit Linked Subsidy Scheme (CLSS). But many people do not know that the government can withdraw the subsidy if some conditions of the scheme are violated.
5. Method of dividing 'no-cost' shopping into interest-free EMI: But please see its terms and conditions, know the special things related to it here.
Credit cards have become the preferred payment option for many people. During the festive season, banks and e-commerce platforms are jointly offering attractive offers on credit card purchases. It is a win-win deal for everyone. Buyers get good deals. Sales of companies increase. Transactions of credit card companies also increase.
However, credit card users should always keep in mind that the payment is on time, so that interest and late penalty does not have to be paid. If you are unable to repay big expenses on time, then use No Cost EMI. In this, there is facility of interest free EMI on shopping.
Graphics Source: NavJivanIndia | VaskarAssets
