DAILY NEWS: OUR PICKS


Despite two explicit judgements by the Supreme Court, the Central Information Commission (CIC) could not decide upon directing central public information officers (CPIOs) of the Reserve Bank of India (RBI) to furnish information on inspection reports of banks and financial institutions (FIs)....

Read More



As the country prepares for the 5G era, India dropped four spots in rank globally for overall median fixed broadband speeds -- from 72nd to 76th spot in the month of April, a new report showed on Wednesday.   Overall median fixed download speeds in India saw a slight decrease from...

Read More



Moneylife Digital Team 18 May 2022
Tube Investments of India Limited (TII), covered in detail here, came out with their quarterly numbers last week. TII operates three main verticals, viz., engineering, metal formed products and mobility, which are used in major industries such as automotive, railways, construction, mining,...

Read More



Moneylife Digital Team 17 May 2022
The Reserve Bank of India (RBI) on Tuesday rejected all four applications it received for ‘on-tap’ licensing of universal banks (UBs). UAE Exchange and Financial Services Ltd and the Repatriates Cooperative Finance and Development Bank Ltd (REPCO Bank) are the two prominent names whose...

Read More



Moneylife Digital Team 17 May 2022
As the temperature almost hit 50 degrees Celsius in many parts of India, power outages continue for three in five households for over a month of the heatwave, and people are now demanding solutions. Households cite poorly governed and managed power departments, poor supply infrastructure and...

Read More



Moneylife Digital Team 17 May 2022
For the first time, market regulator Securities and Exchange Board of India (SEBI) has asked Urja Global Ltd—which is found guilty of price manipulation and false statements—to get a 'certificate of authenticity' for its disclosures to the exchange. In the 'humiliating action', the company...

Read More



Moneylife Digital Team 17 May 2022
Paradeep Phosphates Ltd (PPL) makes a variety of complex fertilisers, such as diammonium phosphate (DAP); three grades of nitrogen-phosphorus-potassium (NPK) fertilisers: NPK-10, NPK-12 and NP-20; zypmite, phospho-gypsum and hydrofluorosilicic acid (HFSA). It is also engaged in trading,...

Read More



Moneylife Digital Team 17 May 2022
Incorporated in 2007, Ethos Ltd (Ethos) is India’s largest luxury and premium watch retailer; it had a 13% share of the total retail sales in premium and luxury segment and 20% share in exclusively luxury segment in FY19-20. Ethos operates 50 stores spread across 17 cities of New Delhi,...

Read More



Moneylife Digital Team 17 May 2022
Chemplast Sanmar (Chemplast), India’s leading producer of suspension poly vinyl chloride (S-PVC) and paste PVC resin, announced its Q4FY21-22 results. We had earlier covered Chemplast in detail here. For Sanmar, Q4FY21-22 was similar to Q3FY21-22, with revenue rising and operating margins...

Read More



Anjeanette Damon (ProPublica) 17 May 2022
This story was originally published by ProPublica.   State and local officials across Nevada signed agreements with Northshore Clinical Labs, a COVID testing laboratory run by men with local political connections. There was only one problem: Its tests didn’t work.   Last...

Read More



Moneylife Digital Team 16 May 2022
The Supreme Court (SC) has finally put to rest the uncertainty around the applicability of state legislations on non-banking financial companies (NBFCs) by underscoring the importance of the Reserve Bank of India (RBI) as the regulator and supervisor of NBFCs in India, with oversight on the...

Read More



Moneylife Digital Team 16 May 2022
Over the past two fiscals, the COVID-19 pandemic has changed the dynamics of many an industry. The passenger vehicles segment is one such. During the past fiscal, passenger cars priced Rs10 lakh (Rs1 million) and above sold five times faster than the cars in the lower price segment, says a...

Read More



The pandemic has been a flourishing time for the brokerage business. India’s investor population nearly doubled, as people from the age of 9 years to 90 years turned into traders after a quick online class. Brokers used this boom during the lock-down to lure and loot people with well-laid...

Read More



Moneylife Digital Team 13 May 2022
Market regulator Securities and Exchange Board of India (SEBI), in its letter dated 22 November 2021, had written to Man Industries (India) Ltd, informing that a forensic auditor was appointed to investigate the accounts of the company for a period of seven years from the accounting year...

Read More



Gauri Atre  and   Aniket Bhatkhande 13 May 2022
An increase of 1,540sqkm (square kilometre) of 'forest cover' in the recently published Indian State of Forest Report (ISFR) 2021 started the year on a 'green' note. This continues the trend of recent ISFR that consistently manage to announce increased forest cover by cleverly tweaking the...

Read More



Moneylife Digital Team 13 May 2022
Requesting adequate weightage and empathy for the major handicaps that stock market investors face, Moneylife Foundation has urged an ad-hoc committee headed by G Mahalingam, a former whole-time member (WTM) of the Securities and Exchange Board of India (SEBI), to hold exchanges accountable...

Read More



I reached office at 8.30 one morning to find my head peon waiting for me at the door. This was most unusual, because he was not on duty until 10.30. Besides, he had a very worried look.   “Bahut gadbad ho gaya, Saab” (a big mess has happened, Sir) he said and told me the...

Read More



Technology is a boon and a great leveller because it does not differentiate between users. However, fraudsters and cheaters are way ahead of ordinary people when it comes to using technology for fraud. This week, we will see how Instagram/ Facebook messages followed by nude video calls are...

Read More



With over one lakh second appeals or complaints under Right to Information (RTI) Act, haunting the Maharashtra State Information Commission (SCIC) and the delay in filling up vacancies of information commissioners being habitual, the fate of dissemination of information, blocked earlier by...

Read More



Moneylife Digital Team 13 May 2022
Ramkrishna Forgings Ltd (RKLF) came out with a very good set of numbers and the management gave a robust guidance for FY22-23. We had covered the company here earlier. RKLF is India’s second-largest manufacturer and exporter of commercial vehicle (CV) forgings. The company, founded in 1981,...

Read More

Free Helpline
Legal Credit
Feedback