Sunday, 26 June 2016
Shekhar's Tech -Nifty intraday Levels:27.06.16
Shekhar's Tech -Nifty intraday Levels:27.06.16
Buy at/above 8077.5 Targets: 8096.0 8118.5 8141.0 8163.6 8186.2
Stoploss Buy: 8055.1
Sell at/below: 8055.1 Targets: 8036.7 8014.3 7991.9 7969.5 7947.2
Stoploss Sell: 8077.5
1st trgt ...2nd trgt hitted ...
total points by single lot is 60 points = 60 points
total points by single lot is 60 points = 60 points
Brexit: UK is the place to holiday, study & buy your next dream home
Exchange rates to provide for 5-7% savings in package costs; consultants forecast higher property purchases by Indians; currency depreciation to make education cheaper
Britain could emerge a favourite destination for Indian holidaymakers and property-hunters, as value of the British pound drops against the rupee.
The currency depreciation will also make education in British universities a lot cheaper. But, on the flip side, immigration laws could get tougher following Brexit, making it difficult for students to secure work visas after education.
The British pound fell 10 per cent against the rupee on Friday and was expected to fall further as markets remain volatile.
Naveen Chopra, founder and chairman of The Chopras, an overseas education consultant, said students would benefit from cheaper fees in the short term. “While students will have an advantage from a cost perspective, it will get tougher for those who have an ambition to work there and take up jobs. Student traffic to the UK from India is expected to drop further due to this,” said Chopra.
The number of Indian students opting for Britain has been on the decline. Between August 2014 and June 2015, 18,320 Indian students went to Britain while 22,385 Indians enrolled there in 2012-13, according to the Higher Education Statistics Agency of Britain.
On an average, fee for students in UK can range from pound 10,000 - pound 30,000 every year, depending on the course and the institute. This could see some temporary relief as long as the pound depreciates.
On travel front, tour operators said demand for trips to London could see a boost with a weakening pound. Last year, UKVI issued more than 450,000 visas to Indian citizens. Britain is both a stand-alone destination for Indians and also part of European package tours longer than 12 days.
"With the peak leisure season behind us, we don’t foresee very discernible impact of Brexit on global travel to UK, at least till the next summer. However, for those planning a vacation in the immediate future, the exchange rates are expected to provide for 5-7 per cent savings in package costs,” said Rakshit Desai, managing director of FCM Travel Solutions. Also, as the British summer is still going strong, any traveller planning an international trip in the near future must consider UK as a destination, Desai said.
A Makemytrip spokesperson said the development was new and was yet to unfold and thus it wouldn’t be ideal to speculate on this right now. “However, with the pound dropping, there is a possibility that we will see an increased number of travellers from India to UK and EU nations. The long-term impact on business travel and trade relations remains to be seen.”
Real estate is yet another area where there’s optimism. Consultants have started forecasting higher property purchases in the UK by Indians. With the latest developments, Indians who have been traditionally buying properties in UK were expected to buy more as realty rates come down, said property consultants.
“We expect that the combination of lower prices and devaluation of the pound would draw Indian investors looking to acquire assets in the UK,” said Shishir Baijal, chairman of India unit of UK-based property consultant Knight Frank.
Anuj Puri, chairman of property consultancy JLL India, compared the UK situation to the earlier recession in the US, when Indians took leading position among investors to take advantage of falling property prices.
Puri said high net-worth individuals (HNIs) with business interests or families in the UK would certainly keep a close watch on the effect of Brexit on UK property prices, and it was likely that many more Indians would invest there.
“Until today, 2016 was looking seemingly positive for the real estate sector in terms of investment inflows (read PE or FDI inflows). But now that is somewhat at risk,” he said.
Meanwhile, indications are that the real estate sector here would continue recovering on the back of a resilient Indian economy and strong capital inflows. “Brexit will not disturb that recovery much, as India’s office market leasing is dependent only by 5-7 per cent on UK-headquartered companies, and investments and activity of PE Funds from EU countries is more in India than in the UK,” he added.
Saturday, 25 June 2016
Thursday, 23 June 2016
Finance & Economy with Data analysts earn more than IT engineers
Ddata analysts at the fresher level are drawing an average annual salary of Rs 7 lakh as against Rs 3.2 lakh for software engineers
Difficult screening and a higher cut-off benchmark explain why data analysts earn more than software engineers at a fresher level, according to a report.
"Data analysts are earning more than software engineers, which indicates that demand-supply gap is higher in the case of the former. Compared to roles in IT services, companies evaluate candidates for analytical roles through assessments that have higher difficulty and cut-off benchmarks," says the report put together by CoCubes Technologies.
CoCubes Technologies analysed results of 43,000 assessments conducted for top analytic companies in the country over the last 12 months and collated the report titled 'Guidebook for Hiring Entry Level Analytics Talent'.
It shows that data analysts at the fresher level are drawing an average annual salary of Rs 7 lakh as against Rs 3.2 lakh for software engineers.
And this figure can go up to Rs 10 lakh, depending on the job profile and fringe benefits being offered.
As per the report, companies are side-stepping tier 1 colleges and approaching tier 2 and 3 institutes to hire data analysts to ensure the new recruits stay with them longer.
According to the report, there are jobs in data analysis which don't require high cognitive abilities and client interaction and have more to do with data management and data warehousing.
"This is resulting in a re-look at hiring strategy as such roles see high attrition if candidates are from tier 1 colleges. Multiple companies have, therefore, started looking at tier 2 and 3 colleges to map the right talent for jobs which don't require a high cognitive ability," it added.
As per the report, companies are also adopting up-skilling strategy for the existing talent to meet their work necessities instead of hiring people from outside.
"Over the last one year, a re-skilling approach has emerged in which firms are looking at internal resources and up-skilling them for client and skill requirement rather than finding new resources with the existing knowledge," it said.
The analytics industry in India is expected to double its turnover to $2.3 billion by 2017-18, CoCubes Technologies Co-Founder and CEO Harpreet Singh Grover said.
"One of the key challenges in harnessing this opportunity is creation, development and retention of analytics talent," he emphasised.
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