DAILY NEWS: OUR PICKS


Moneylife Digital Team 12 February 2025
Wadia Group company National Peroxide Ltd paid Rs9.42 lakh to settle a case with the Securities and Exchange Board of India (SEBI) over alleged disclosure lapses.     SEBI had initiated an investigation into the company for violating Clause 5 of Para A of Part II of the master circular on...

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Moneylife Digital Team 12 February 2025
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs1 lakh on Link Intime India Pvt Ltd for cybersecurity violations committed by TSR Consultants Pvt Ltd (TSR) before their amalgamation. The violations were linked to delayed reporting of the closure of...

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The Leaflet 12 February 2025
Last week, a two-judge Bench of the Supreme Court comprising Justices Abhay S. Oka and N. Kotiswar Singh handed down an important decision regarding the furnishing of grounds of arrest to accused.    The Bench observed that informing the detained person of the grounds of arrest is not a...

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Bar  and   Bench 12 February 2025
United States President Donald J Trump on February 10 signed an executive order today suspending the enforcement of the Foreign Corrupt Practices Act (FCPA) of 1977 in a move to enhance American business competitiveness and national security.   The move offers relief to Adani Group...

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There is a lot of chatter about how India can become prosperous, ever since the current regime decided to offer one more slogan for us to live by: Viksit Bharat or a developed India by 2047. How countries become rich is a huge topic of debate, not just in India, but all over the world. That is...

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Moneylife Digital Team 11 February 2025
The Securities and Exchange Board of India (SEBI) has issued an interim order against LS Industries Ltd (LSIL) and five associated entities after uncovering a shocking share transfer scheme and stock manipulation. A 12.12% stake in LSIL, nominally valued at Rs10.28 crore, was sold to a...

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Moneylife Digital Team 11 February 2025
In a shocking turn of events, C2C Advanced Systems (C2C), which made headlines with its spectacular stock market debut, is now under intense scrutiny following recent findings by National Stock Exchange ([NSE)-appointed independent reviewer BDO]. The defence electronics solutions-provider,...

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Tax and fiscal practitioners, who have observed the annual Budget presentations over half a century, recognise the fact that the euphoria emanating from the event evaporates into ether in a matter of about 36-48 hours, almost the same time it takes for the excitement that comes with the Indian...

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Moneylife Digital Team 11 February 2025
Financial creditors have recovered Rs3.58 lakh crore through 1,119 cases under the liquidation process of the national company law tribunal (NCLT) since the implementation of the Insolvency and Bankruptcy Code (IBC) on 1 June 2016, the Union government informed the Rajya Sabha. However, the...

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Moneylife Digital Team 11 February 2025
Hexaware Technologies Ltd (Hexaware) is a global digital and technology services company with artificial intelligence (AI) at its core, according to its claims. It claims to leverage technology to deliver solutions that assist its customers in their digital transformation journey and subsequent...

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Bhavini Srivastava (Bar  and   Bench) 11 February 2025
The Delhi High Court on Tuesday asked Right to Information (RTI) activist Neeraj Sharma whether any public interest was involved in his request under the RTI Act for records of students who had cleared the Bachelor of Arts (BA) course from Delhi University (DU) in 1978, the year in which Prime...

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Moneylife Digital Team 11 February 2025
The Kolkata zonal office of the directorate of enforcement (ED) has provisionally attached immovable properties worth Rs210.07 crore under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, in connection with the money laundering case against Concast Steel & Power Ltd and...

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Moneylife Digital Team 11 February 2025
Market regulator Securities and Exchange Board of India (SEBI) has imposed a ban on Kalahridhaan Trendz Ltd (KTL), a small and medium enterprise (SME) listed on the National Stock Exchange (NSE) 's Emerge platform, and the company promoters for violating disclosure regulations.   Along with...

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Moneylife Digital Team 10 February 2025
Gold loan non-performing assets (NPAs) in commercial banks have surged by 62%, rising from Rs1,513 crore in March 2024 to Rs2,445 crore in June 2024, says the Union government. Responding to a question in the Lok Sabha, Union finance minister (FM) Nirmala Sitharaman says the overall gross NPAs...

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SN Thyagarajan (Bar  and   Bench) 10 February 2025
The Supreme Court on Friday directed Danny Gaekwad, who has made a competing offer to buy Religare Enterprises Limited (REL), to deposit Rs600 crore by 12 February 2025 to establish his bona fides.    As a consequence of this, the offer made by Burman Family Holdings (Dabur's holding company)...

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Moneylife Digital Team 10 February 2025
Ajax Engineering Ltd (Ajax) is a concrete equipment manufacturer offering concrete equipment, services, and solutions. As of 30 September 2024, it has developed over 141 concrete equipment variants catering to the concrete application value chain. Over the past 10 years, it has sold over 29,800...

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Moneylife Digital Team 10 February 2025
Medplus Health Services (Medplus ) reported its Q3FY24-25 results on 31 January 2025. We have covered its business in detail here. Net sales grew 8% year-on-year (y-o-y) but declined by 1% quarter-on-quarter (q-o-q). The company grew its operating profit 44% y-o-y and 6% q-o-q, due to expansion...

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Moneylife Digital Team 10 February 2025
In its ongoing efforts to combat insider trading and improve market transparency, the Securities and Exchange Board of India (SEBI) has proposed to extend the automated closure of the trading window before the declaration of financial results to the immediate relatives of designated persons of...

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Meera Emmanuel (Bar  and   Bench) 10 February 2025
The Supreme Court on Monday sought the assistance of Attorney General (AG) R Venkataramani on a plea seeking a permanent ban on those convicted of criminal offences from contesting elections to the parliament and State assemblies.    The Court was hearing an interim application (IA) filed by...

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Moneylife Digital Team 10 February 2025
Amidst rumblings within the state Bharatiya Janata Party (BJP) seeking a change of leadership in strife-torn Manipur, N Biren Singh resigned as the chief minister (CM) on Sunday. He submittied his resignation letter to Manipur governor Ajay Kumar Bhalla at the Raj Bhavan in Imphal. The...

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