BONDS, CURRENCIES & COMMODITIES


Moneylife Digital Team 22 September 2023
In a major development, JP Morgan Chase & Co has decided to include Indian government bonds in its global diversified index-emerging markets (GBI-EM GD) from June 2024 which will, likely, attract more foreign flows into the domestic debt market.    In a release, JP Morgan says, "India...

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Definitions first:   Cash cow = a fully paid investment which keeps producing a steady cash flow without any further outgo of money.   Invisible = remittances from abroad, i.e. payments with no goods or services involved.   Let me explain.   An average...

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IANS 06 September 2023
Domestic sugar prices have risen by 3% in the past 15 days to their highest levels in six years, according to industry sources.   Due to shortfall in rains in the sugarcane growing regions, the prices have risen even as the festival season is round the corner, when consumption of...

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Moneylife Digital Team 24 August 2023
While modifying the order of the state commission, the national consumer disputes redressal commission (NCDRC) directed IDBI Bank Ltd to pay Rs1 lakh, the full value of its deep discount bond series-I (issued in 1992), with 9% interest to a bondholder, who did not receive the call notice...

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Amid speculations at emergence of bank notes having a star (*) symbol in the number panel, the Reserve Bank of India (RBI) on Thursday clarified that these are the same as any other legal tender, with the only difference being that in the number panel, a star symbol is added between the...

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In order to ensure adequate availability of non-Basmati white rice in domestic markets and prevent its prices rising, the Centre on Thursday prohibited its export with immediate effect.   However, there is no change in export policy of non-Basmati rice (parboiled rice) and Basmati...

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Moneylife Digital Team 03 July 2023
Almost 76% of the Rs2,000 currency notes withdrawn from circulation by the Reserve Bank of India (RBI) in May have been returned by the public.    According to RBI, out of the total banknotes in Rs2,000 denomination received back from circulation, about 87% is in the form of deposits....

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Moneylife Digital Team 19 June 2023
Market regulator Securities and Exchange Board of India (SEBI) has asked online bond platforms (OBPs) not to sell unlisted securities from their platforms. At the same time, SEBI, while revising Clause 5.2 of the OBP circular, decided to include a few new product categories, such as...

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Moneylife Digital Team 19 June 2023
Market regulator Securities Exchange Board of India (SEBI) has imposed a penalty of Rs87 lakh on 15 for manipulating the price of Kapil Raj Finance Ltd (KRFL) scrip.    In an order, G Ramar, adjudicating officer (A0) of SEBI says, "...the investors have been induced by the misleading...

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Two lawsuits filed this week by the US market regulator—the Securities and Exchange Commission (SEC)—could potentially determine the future of cryptocurrency.   Binance.com, the world's largest crypto exchange, related entities and founder Changpeng Zhao were the target of the first...

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Reserve Bank of India (RBI) has said that in 2022-23 the domestic financial market movements remained orderly, notwithstanding persisting impact of global spillovers during the year.   "Relentless strengthening of the US dollar and aggressive tightening of monetary policy by the US...

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Cybercriminals have stolen about $4,00,000 using Tor Browser malware, affecting more than 15,000 users across 52 countries in 2023, a new report showed on Monday.   According to cybersecurity firm Kaspersky, the Tor Browser malware operates by replacing a portion of the entered...

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Leading blockchain and cryptocurrency platform Binance on Friday announced that it has temporarily suspended all spot trading on its platform as it works to resolve an issue.   "We are aware of an issue impacting spot trading on Binance. All spot trading is currently temporarily...

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In December 2021, DS Ranga Rao, a retired government officer and his wife visited a State Bank of India (SBI) branch at Thane in Maharashtra. He fell from a shaky, unstable ladder in the locker room, causing him to sustain major injuries needing surgery. SBI refused to acknowledge any...

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Moneylife Digital Team 17 March 2023
Gautam Adani-led Adani group on Thursday clarified that, as per the applicable Indian regulations, Vinod Adani, elder brother of the group head, is part of the promoter group of various listed entities within the group.   In a regulatory filing, Adani Enterprises Ltd, the group...

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Rajesh Gopinathan, Chief Executive Officer and Managing Director of Tata Consultancy Services (TCS) has tendered his resignation, which will be effective from September 15, 2023.   The Board of Directors, at its meeting held on March 16, appointed K. Krithivasan as the Chief Executive...

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In a shock for crypto investors, top cryptocurrency exchanges Binance and Coinbase on Saturday temporarily suspended USDC stablecoin conversions after the collapse of Silicon Valley Bank (SVB), as Circle, the firm behind USDC, held some of cash reserves at the beleaguered...

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Any participation in transactions involving virtual digital assets or cryptocurrency, would come under the Prevention of Money Laundering Act or PMLA, the Centre has said.   This was announced through a gazette notification, issued on March 7.   The step has been taken to...

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Updated at 7pm on 1 March 2023 to add response from Mr Gupta's PR agency... We take great pride in the fact that many successful Indians are occupying corner offices at the world’s largest and most powerful corporate houses and every action of theirs makes news in India. The flip side is...

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Moneylife Digital Team 28 February 2023
Despite a challenging domestic environment, PI Industries (PII) reported strong growth in Q3FY22-23. Revenue was up by 19% y-o-y (year-on-year) to Rs1,613 crore, led primarily by CSM (custom synthesis manufacturing) business. CSM business grew by 23% y-o-y to Rs1,329 crore, supported by...

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