DAILY NEWS: OUR PICKS


Moneylife Digital Team 23 July 2021
Food delivery aggregator platform Zomato made a superhit, euphoric debut on the bourses on Friday, listing at Rs 116 per share (of face value Re 1) on the NSE, at a 52.63% premium over its issue price of Rs 76 per share. On listing day, Zomato entered the rarefied elite club of listed...

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The recent cases of intervention by the stock market regulator and stock exchanges in preferential allotment of listed companies such as PNB Housing, LIC Housing Finance and Barbeque Nation have brought to fore an important but fundamental point. It may be recalled that the articles of...

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Moneylife Digital Team 23 July 2021
The National Dairy Development Board (NDDB) founded by Dr Verghese Kurien in 1965, has been mired in controversy after controversy, mostly related with its subsidiaries, funding and management affairs. On Friday, the union government told the Rajya Sabha that it had given previous approval to...

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Drawboard PDF is a free app for Windows, available on Microsoft Store. You can read, edit, annotate, sign, add notes and do much more with this light and elegant tool. Additional professional tools are available as in-app subscriptions. But, for most users, the free app is more than...

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Prime minister (PM) Narendra Modi has often promised that he is determined to double farmer incomes.  He was supposed to do this by this year.    But then, like most promises made, even this is likely to be remembered in the breach than in its...

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Moneylife Digital Team 23 July 2021
The National Company Law Appellate Tribunal (NCLAT) has refused to grant a stay on the implementation on Piramal Capital and Housing Finance Ltd's resolution plan for troubled mortgage lender Dewan Housing Finance Ltd (DHFL). Mumbai-based financial services company 63 moons technologies Ltd...

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It is a wonderful season at the capital markets. Name familiarity and the lure of big and quick money are helping some wonderful things happen. Look at the initial public offerings (IPOs). No, it does not matter if the companies making the IPOs are loss-making. So many new ideas, so many...

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In a big setback for telecom companies, the Supreme Court on Friday dismissed their plea seeking correction of alleged errors in Adjusted Gross Revenue (AGR) calculation.   A bench headed by Justice L. Nageswara Rao said all applications dismissed. On Monday, the apex court already...

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Moneylife Digital Team 23 July 2021
UK's Cairn Energy and Devas Multimedia Ltd have filed lawsuits in the US to seize overseas assets of Air India to recover dues from the Indian government, minister of state for civil aviation Gen (retd) VK Singh informed the Lok Sabha.   In a written reply, the minister says, "Cairn...

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In major changes to e-commerce rules, the Ministry of Consumer Affairs has specified that an e-commerce marketplace entity shall not sell any goods owned or controlled by it on such e-commerce marketplace platform. All the sellers on the platform shall only be third party sellers, and no...

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Amitabha Banerjee Amitabha Banerjee 23 July 2021
The British Raj had ended nearly three decades ago, but Douglas Kenneth Archibald White had kept the Imperial torch burning. He was the manager of our Delhi branch, where profit was not of much importance, but “pucca”ness was.     The previous year the branch had indeed reported a...

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Moneylife Digital Team 23 July 2021
This is an interesting micro-cap company which has 40% of global market share in its niche business. T&I Global (TIGL) manufactures and exports customised processing equipment for CTC (crush, tear, curl), orthodox and green tea. TIGL also offers customised drying solutions for the food and...

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Moneylife Digital Team 22 July 2021
Welcoming a report presented by a four-member committee headed by former additional chief secretary Vijay Kumar, the Maharashtra Congress on Thursday says the findings of the committee prove allegations of corruption made by the party.    Sachin Sawant, general secretary and...

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Clinton Fernandes 22 July 2021
Nippon India Mutual Fund (NIMF) has launched a new open-ended equity scheme that will invest flexibly across market-capitalisation (m-cap) and sectors.    The Nippon India Flexi Cap scheme plans to consider large-cap stocks for stability and mid- and small-cap stocks for growth...

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Moneylife Digital Team 22 July 2021
Market regulator Securities and Exchange Board of India (SEBI) has proposed a swing-pricing mechanism to protect mutual fund (MF) investors in the  event market dislocation. Swing pricing mechanism shall be initially mandated only for all open-ended debt schemes that have high or very high...

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Moneylife Digital Team 22 July 2021
The global banking sector is clawing its way back to normalcy. Authorities' strong support for households and corporates over the course of COVID-19 has clearly helped banks. Lenders were also well-positioned going into the pandemic, after banks bolstered their capital, provisioning,...

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Moneylife Digital Team 22 July 2021
Tube Investments of India Limited (TII), a Murugappa group company, is one of India’s leading manufacturers of engineered products used by auto companies, railways, construction, mining, agriculture and others. We did an article on TII a year ago here; a lot has changed for the better since...

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Moneylife Digital Team 22 July 2021
Alleging tax evasion, the income-tax (I-T) department on Thursday conducted raids on offices of Dainik Bhaskar in multiple cities as well as the home of its promoter at Bhopal in Madhya Pradesh. Separately, the I-T department also reportedly conducting raids in Uttar Pradesh on Bharat...

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In the past couple of weeks, I have written about how the Securities and Exchange Board of India (SEBI) wants to permit new stock exchanges and depositories with disruptive technology and vastly liberalised entry norms. This hurried proposal, if implemented, would be one of the biggest market...

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Moneylife Digital Team 21 July 2021
The National Company Law Appellate Tribunal (NCLAT) has stayed Vedanta group's winning bid for debt-laden Videocon Industries Ltd after an appeal by dissenting creditors—Bank of Maharashtra,  and IFCI, which were unhappy with the paltry value realised through the resolution.   A...

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