wayne

Coronavirus threatens to spoil airlines’ relationship with customers

wayne 1 day ago


Visiting California was on Amrita’s mind since she got her first job in 2020. She saved and planed a trip to Las Vegas and booked her tickets last December for a travel in April. Thanks to the coronavirus outbreak which forced India to cancel international flights, Amirta’s plan is stuck and so are her Rs 42,500 (ticket price).


Gulf major Etihad has refused to provide her refund and instead has given her a voucher of equivalent amount which can be used till 31 July 2021. With the virus spread becoming severe in US, Amrita is unsure of any international travel in near future and now spends at least 10 minutes daily in trying to get her refund.



“I called them and they were just robotic, repeating the same information, that Etihad has decided not to give refunds and offer a voucher,” said Amrita, 25. “They wouldn’t deviate from the repetition and wouldn’t pass me over to anyone else. Just said I could log a complaint but that wouldn’t get me a refund.”


The same story reverberates in domestic sectors as all Indian airlines are refusing to refund cash and

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Diversify your portfolio with these 5 alternative investments

wayne 1 day ago

As many will be well aware, diversifying your portfolio is an essential way to ensure the safety of your investments and reduce the inherent risks attached to purchasing stocks in companies across related industries.

However, the stock market isn’t the only source of lucrative investment opportunities, especially if you’re looking to diversify.

Investing beyond of the bourse on so-called “passion investments”—investing in collectible or rare physical assets which allow you to enjoy the money you have put into them—is one increasingly popular method of diversifying

As HSBC notes, passion investments provide “a physical store of worth…unlikely to entirely lose their value”, unlike traditional stocks and, indeed, have the potential to be valued far higher than their original price over time.

But what are the best investments with which to diversify your portfolio in the first place? Read on for our suggestions.

Fine wine

With its own stock exchange, the Liv-ex (London International Vintners Exchange), and a global network of traders, fine wine is one of the most reliable investment opportunities available. According to the Telegraph, fine wines increased in value by 20 per cent in the year ending July 2017, and beyond the stock market itself, fine wine has

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Microcredit crucial for low income households dealing with Covid-19 blow

wayne 2 days ago


We are confronted with unprecedented challenges and uncertainty posed by the Covid-19 pandemic and its impact on our lives — or deaths, for many. Besides the public health emergency, this is the economic tsunami of the highest order, with no end-date in sight yet. Surely, demands from large and visible sectors would be most vociferous, impact more quantifiable and redressal relatively easier to deliver. However, it is the invisible low-income households (LIH), who would be hardest hit and deserve most support. Given the demands on the already stretched resources, our immediate policy response should be to prioritise the needs of LIHs.


Over 90 per cent LIHs are self-employed or employed in the informal sector, earn less in absolute terms, have volatile cash-flows and lack the safety nets to deal with adversity. Majority seek income outside the traditional agriculture — in farms, livestock, services, construction, manufacturing, trade and depend of daily-weekly earnings to meet the basic needs. Like us, confronted with requirement of lumpsum amount, typically in the range of Rs 30,000 to Rs 1 lakh, they access credit. For over a decade, micro-credit has been a key channel for LIHs and today nearly 5.6 crore LIHs

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Flat or negative growth for IT sector in 2020 due to Covid-19: Infosys CFO

wayne 2 days ago


India’s information technology sector is expected to post either flat or negative growth in 2020 due to the impact of the Coronavirus pandemic globally, an IT industry veteran said onSaturday.


“Look at the economic activity (globally). Worse than what you have seen in 2008 (global financial crisis).


So, clients (of Indian IT companies) are not going to increase spending (on IT) or even maintain the current spending,” the former Chief Financial Officer of IT major, Infosys Ltd, V Balakrishnan told PTI.


There will be cut in spending, and could be pressure on pricing because all the major industries including retail and financial services have been adversely impacted, he said, also noting surging unemployment rate in the US.


ALSO READ: Experts cite dwindling steel demand for NMDC’s sharp cut in iron ore prices



“Economies are doing badly. Spending is not going to happen. I think this year is going to be tough for the IT industry,” Balakrishnan said.


The Coronavirus pandemic is like a force majeure, and no amount of business continuity planning will help in this situation, he claimed.


“They (Indian ITcompanies) have to

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5 books everyone should read before they start trading

wayne 2 days ago

It is of the utmost importance that you educate yourself before you start trading, regardless if your goal is to become a professional day trader or a long-term stock investor.

Having a great understanding of the market your trading on is essential and the more you know the better you will get. In the end, your knowledge or lack thereof is what will set you apart from everyone else.

Naturally, there are many ways that you can educate yourself about trading such as forums, websites, magazines like ours, and more. Although, the most effective and tested way to learn how to trade is through trading books.

Because of this, we asked the experts over at BullMarketz.com to help us put together a list of the five most important trading books that they think everyone should read before they start trading. If you haven’t read these titles yet, we advise you to do so as soon as you can.

Market Wizard / The New Market Wizard

Market Wizard and the New Market Wizard are two different versions of the same book, written by Jack Schwager. The first version is Market Wizard which was later updated under the name the New Market

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