Issue of 26th Aug-1st Sep 2024
LEAD ARTICLE
Forgotten Wealth of Ordinary Indians: Over Rs2 Lakh Crore Locked in Unclaimed Assets
A massive sum of over Rs2 lakh crore of people's unclaimed money lies trapped with the government, poorly accounted for and frustratingly difficult to reclaim, either by the original owners or, more often, by their heirs. These unclaimed funds represent the hard-earned savings of ordinary citizens, held in various forms such as bank deposits,... Read More
INVESTOR ISSUES
Last week, finance minister (FM) Nirmala Sitharaman asked public sector banks (PSBs) to make concerted efforts to mobilise deposits through special drives because deposits have been lagging behind loan growth. By July-end, deposits grew 10.6% year-on-year compared to a 13.7% growth in loans....
STOCKS
Indian textiles industry is dominated by unorganised small and medium enterprises. It is a highly fragmented industry where the typical size of a textile factory in India consists of just 100 machines. Incorporated in 2003, Swaraj Suiting (Swaraj) is into manufacturing denim fabric, non-denim...
Moneylife Digital Team
Electrosteel Castings Limited (ECL) is into manufacturing ductile iron (DI) pipes, DI fittings (DIF) and cast iron (CI) pipes. It has an installed capacity of 680,000MTPA (metric tonnes per annum) of DI pipes and 19,200MTPA of DI fittings. It also operates a blast furnace, a coke oven, a...
Moneylife Digital Team
The production volume global flexible packaging market is expected to grow from 34.67mn (million) tonnes in 2024 to 40.94mn tonnes by 2029, at a compounded annual growth rate (CAGR) of 3.38% during the forecast period. The Asia-Pacific flexible packaging market share is anticipated to exhibit...
Moneylife Digital Team
The Indian auto-component industry plays a key role in the automobile value chain. It is expected to emerge as the third-largest auto-component market globally by 2025, with a projected market size of around US$206bn (billion) by 2030. Uno Minda Limited stands as one of India's most diversified...
Moneylife Digital Team
IPO REVIEW
Baazar Style Retail Ltd (BSRL) is a value fashion retailer with a market share of 3.03% and 2.22% in the organised value retail market in the states of West Bengal and Odisha, respectively. The company was the fastest-growing value retailer between 2017 to 2024 in terms of store count and...
Moneylife Digital Team
ECOS (India) Mobility and Hospitality Ltd (ECOS) is the largest and most profitable chauffeur-driven mobility-provider to corporates in India, in terms of revenue from operations and profit after tax for FY22-23. It is engaged in the business of providing chauffeured car rentals (CCR) and...
Moneylife Digital Team
Premier Energy Ltd (PEL) is an integrated solar cells and solar modules manufacturer, with 29 years of experience in solar industry. Its business operations include: (i) Manufacturing solar photovoltaic (PV) cells, particularly bifacial mono-crystalline PERCs (passivated emitter and rear...
Moneylife Digital Team
CONSUMER ISSUES
A few days ago, I received a message on WhatsApp from Mandar, an old friend, informing me about the hacking of his mobile phone. He sent similar messages to his other contacts, requesting everyone not to respond to any message or send money. In a separate incident, a fraudster posed as DY...
STOCKGRADER
MONEY FACTS
MOBILE APPS
Free Helpline
Legal Credit
Feedback