What portion of your salary should you spend on loan EMIs?
Most people buy a house or a car by taking a loan from the bank, but do you know what is the maximum portion of your salary that you should spend on EMI? What is the 40 percent EMI rule? What are the disadvantages of spending more on EMIs? Among home loan, personal loan, auto loan and credit card bills, which loan should you eliminate first?
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 36 points at the opening bell. Overseas, Asian stocks traded mixed on Friday as concerns about the economic growth outlook came to the fore. Investors await the Bank of Japan’s monetary policy statement. US stocks indices fell on Thursday as energy and technology stocks declined. Here is the list of top stocks that could be in focus on July 16.
Results today: HDFC AMC, Just Dial and L&T Finance Holdings are slated to announce their financial results on Friday.
Wipro: The IT firm on Thursday posted a 35.65% year-on-year rise in consolidated net profit at Rs 3,242.60 crore for the quarter ended June 30. It had posted a profit of Rs 2,390.40 crore in the same period last year.
Larsen & Toubro Infotech: The company reported 9% fall in consolidated net income to Rs 496.80 crore on 5.9% rise in revenue to Rs 3462.50 crore in Q1 June 2021 over Q4 March 2021.
Tata Elxsi: Tata Elxsi reported 1.6% fall in consolidated profit after tax to Rs 113.40 crore on 9.6% rise in total income to Rs 575.80 crore in Q1 June 2021 over Q4 March 2021.
Cyient: The company reported 3.9% rise in consolidated normalised profit after tax to Rs 115 crore on 3.2% fall in revenue to Rs 1058.20 crore in Q1 June 2021 over Q4 March 2021.
NMDC: NMDC proposes to offer up to 89 lakh shares to the eligible employees of the company at a price Rs 165.50 per share in an offer for sale from July 16 to July 18.
Xelpmoc Design and Tech: The company said its board of directors approved issue of 7.2 lakh shares at an issue price of Rs 375 per share aggregating upto Rs 27 crores to Newport Asia Advisors Fund, Newport Asia Growth & Income Fund, Newport Asia Institutional Fund and Newport Asia Partners Fund.