The big news yesterday was about the taxi service company Ola Cabs. The government has asked the company to give customers the option to choose between a bank account and a voucher while making the repayment.
The market capitalization of technology company Tata Consultancy Services (TCS) fell by Rs 35,638 crore to Rs 15.02 lakh crore after last week’s trading.
The next news was about Pradhan Mantri Awas Yojana. In this, eligible people benefit from a concession on the home loan via the CLSS. But many people don’t know that the government can withdraw the subsidy if certain conditions of the program are not met.
Before the big news of tomorrow, the big events of the day to watch…
There could be a decline in the stock market today (Monday). Reliance Industries will report second quarter results. There is no change in the prices of petrol and diesel.
Now read tomorrow’s big news…
1. TCS market capitalization fell by ₹35,638 crore: The value of 7 of the top 10 companies declined by ₹1.22 lakh crore last week.
In terms of market capitalization, the value of 7 of the country’s 10 largest companies was reduced by Rs 1,22,107.11 crore last week. Tata Consultancy Services (TCS) was the big loser during this period. During the trading week, the company’s market capitalization declined from Rs 35,638 crore to Rs 15.02 lakh crore.
Apart from TCS, Reliance Industries was the second biggest loser. The company’s market capitalization fell from Rs 21,351.71 crore to Rs 18.55 lakh crore in a week. Apart from this, the market capitalization of ITC, Hindustan Unilever, LIC, ICICI Bank and HDFC Bank have also declined.
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2. Ola will offer a refund option to customers: The customer will choose whether they want a cash or coupon refund. More than 2,000 complaints have been received against the company this year.
Taxi service company Ola Cabs will now have to give the consumer the option to choose between a bank account or a voucher upon reimbursement.
Currently, if a customer requests a refund on the Ola app, the company gives them a refund coupon, which they can use only for the next ride on the Ola app.
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3. Expected Stock Market Rise This Week: From Hyundai IPO, Retail and Wholesale Inflation to FII-DII Flows; These factors will decide the market movement
There could be a rise in the stock market this week. The market will keep an eye on Q2 corporate earnings, retail and wholesale inflation data, global economic data, oil prices, FII-DII flows and IPO at come.
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4. The government can also withdraw the subsidy from PM Housing Scheme: Due to this, an increase in EMI will have to be paid, know what are the rules regarding this.
The second phase of Pradhan Mantri Awas Yojana (PMAY) was launched recently. In this context, eligible people benefit from a concession on the home loan thanks to the credit linked subsidy program (CLSS). But many people don’t know that the government can withdraw the subsidy if certain conditions of the program are not met.
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5. Method of splitting ‘No Cost’ purchases into Interest Free EMI: But please check its terms and conditions, know the particulars related to it here.
Credit cards have become the preferred payment option for many people. During the end-of-year holidays, banks and e-commerce platforms jointly offer attractive offers on bank card purchases. It’s a win-win deal for everyone. Buyers benefit from good deals. Business sales are increasing. Transactions from credit card companies are also increasing.
However, credit card users should always keep in mind that payment is made on time, so that there are no interest and late payment penalties to pay. If you are unable to repay large expenses on time, use No Cost EMI. In this, there is a possibility of interest-free EMI on purchases.
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The market was closed yesterday, so know the state of the stock market and gold and silver on Friday…
Know the latest price of gasoline, diesel and gas cylinders…