DAILY NEWS: OUR PICKS


The continuous denial of information on the licence renewal details of a private hospital in Delhi and the exorbitant expenditure documents of its patient, prompted the central information commissioner Vinod Kumar Tiwari to remark in his recent order, that the gradual privatisation of public...

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Moneylife Digital Team 20 January 2025
The employees' provident fund organisation (EPFO) has introduced simplified processes for both PF transfers and member profile updates, marking a significant step toward digital efficiency and member convenience.   The organisation has revolutionised its PF transfer system by eliminating the...

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Moneylife Digital Team 20 January 2025
In a move to enhance transparency and facilitate better decision-making for investors, the Securities and Exchange Board of India (SEBI) has directed asset management companies (AMCs) to disclose the information ratio (IR) of their equity-oriented mutual funds (MF) schemes.    The IR is a...

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Moneylife Digital Team 20 January 2025
Bajaj Finance Ltd (BFL), the country's largest private-sector non-banking financial company (NBFC), has partnered with Bharti Airtel Ltd, the country's second-largest telecom operator, to provide financial products through a digital platform to Airtel's 370mn (million)...

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SN Thyagarajan (Bar  and   Bench) 20 January 2025
The National Company Law Tribunal (NCLT) on Monday ordered the liquidation of budget air carrier Go First Airways.   A bench of NCLT comprising Judicial Member Mahendra Khandelwal and Technical Member Dr Sanjeev Ranjan allowed an application for liquidation filed by the Committee of Creditors...

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Moneylife Digital Team 20 January 2025
The Mumbai office of the directorate of enforcement (ED) has restituted immovable properties worth Rs289.54 crore to the competent authority appointed under the Maharashtra Protection of Interest of Depositors (MPID) Act by the Maharashtra government in the case of the Pen Cooperative Urban...

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Sahyaja MS (Bar  and   Bench) 20 January 2025
The Bombay High Court on Monday suggested that a criminal case should be registered against five police officers after a magisterial inquiry found that they need not have killed Badlapur sexual assault accused Akshay Shinde in an encounter.    The five Thane police officers were present with...

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Moneylife Digital Team 20 January 2025
To strengthen economic ties, Uzbekistan is offering Indian businesses land, tax benefits and access to affordable power to boost investment in the Central Asian nation. Speaking at the World Trade Center in Mumbai, Sardar Rustambaev, the ambassador of Uzbekistan to India, highlighted the...

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Moneylife Digital Team 20 January 2025
Reserve Bank of India (RBI) has imposed a penalty of Rs1.75 lakh on Mukkuperi Cooperative Urban Bank Ltd from Tamil Nadu for non-compliance with specific directions issued by RBI under the supervisory action framework (SAF), on loans and advances to directors, their relatives and firms or...

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Moneylife Digital Team 20 January 2025
Securities and Exchange Board of India (SEBI) has imposed a one-year ban on Tapas Das, proprietor of Thousand Keys, for providing illegal investment advisory services. SEBI has ordered Mr Das to refund Rs71.38 lakh, which he received from complainants and clients as fees for his unregistered...

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Last week, the CNX SmallCap 100 index cracked by 7.3%. On Monday, it crashed a further 4%. The last time the index fell more than this was way back in December 2022 (8.33%). This serious decline comes after months of churning, with the index trying, but unable, to head higher. With the benefit...

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An article on Justworks.com begins with a powerful statement, “Work-life balance isn’t just a buzzword — it’s a critical factor in attracting, retaining, and inspiring top talent around the world.   Apparently, this does hold sway at Larsen & Toubro (L&T). Its chairman, SN Subrahmanyan,...

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Sher Singh Yadav  and   Pratibha Kamath 17 January 2025
We discussed the top-10 multi-bagger stocks of the past decade in the first part of the Wealth Creators series, released last week. If you missed it, click here to read it. In this part, we analyse the sectors and companies (by their size) that delivered the highest returns. Also, we will touch...

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  Hitopadesha, is a Sanskrit text that contains fables, aphorisms and maxims to provide healthy advice and guidance to people in dealing with day-to-day predicaments and dilemmas.    There occurs an interesting couplet which lists out the enemies of a householder.    They are, a father,...

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Farouk Merwan Irani was a name to reckon with in the world of financial services for nearly four decades. He founded, in the company of Dr AC Muthiah, the first company in the domain of asset leasing in the country which was aptly christened ‘The First Leasing Company of India Ltd’...

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Moneylife Digital Team 17 January 2025
Seven former directors of One97 Communications Ltd (Paytm) and a former compliance officer and company secretary paid over Rs3.75 crore to settle a case of regulatory violations with market regulator Securities and Exchange Board of India (SEBI).    Those who paid the settlement amount...

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Moneylife Digital Team 17 January 2025
The Delhi zonal office of the directorate of enforcement (ED) has attached immovable properties worth Rs442.85 crore belonging to Kwality Ltd's erstwhile promoter, chairman and managing director (CMD) Sanjay Dhingra and non-executive director Siddhant Gupta in the company's Rs1,400.62 crore...

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While dealing with any sudden incident, almost all government authorities in India come up with knee-jerk reactions. Most of the time, their response is not just vague but provides no solution to the incident or issue. Take, for example, the ban on some Chinese apps to 'teach' a lesson to that...

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Moneylife Digital Team 17 January 2025
Reserve Bank of India (RBI) has imposed a penalty of Rs5 lakh on Parbhani District Central Cooperative Bank (DCC) Ltd from Maharashtra for contravention of provisions of Section 20 and Section 26A of the Banking Regulation Act (BR Act).   The statutory inspection of Parbhani DCC Bank was...

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Moneylife Digital Team 17 January 2025
Holding that prolonged restrictions on the right to travel cannot be justified in the absence of conclusive findings, the Delhi High Court (HC) suspended conditionally a lookout circular (LOC) issued against Punj Lloyd Ltd's promoter and director, Atul Punj. While permitting Mr Punj to travel...

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