INVESTOR INTEREST


Chandramouli Mohan 20 April 2024
Have you ever received an SMS or email from your bank informing you that your account is frozen, for want of know-your-customer (KYC) or re-KYC? You are not alone. This has happened to the Moneylife Foundation also.   Mind you, the Reserve Bank of India (RBI) has never directed or suggested...

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Chandramouli Mohan 20 April 2024
Have you ever received an SMS or email from your bank informing you that your account is frozen, for want of know-your-customer (KYC) or re-KYC? You are not alone. This has happened to the Moneylife Foundation also.   Mind you, the Reserve Bank of India (RBI) has never directed or suggested...

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Moneylife Digital Team 20 April 2024
The refund process for Sahara investors, initiated by the Indian government early last year, has been facing tremendous delays, with a significant number of investors yet to receive any payout from the central registrar of cooperative societies (CRCS) online portal.    With great anticipation...

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Moneylife Digital Team 19 April 2024
INDIAN MARKET TRENDS From 12th April to 18 April 2024,  ML Mid-cap Index, ML Small-cap Index, ML Large-cap Index and ML Micro-cap Index fell 1% each. ML Mega-cap Index, Nifty and the Sensex fell 2% each.     FUND FLOWS Foreigners: Foreign institutional investors were net sellers of...

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Moneylife Digital Team 19 April 2024
The trends of the major indices in the course of the week’s trading are given in the table below:     After enduring a 4-day losing streak, Indian markets witnessed a significant bounce-back on Friday, driven by short covering and late buying in frontline banking stocks. This resurgence...

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Moneylife Digital Team 19 April 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs60.30 lakh on five cooperative banks for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs43.30 lakh has been imposed on Gujarat-based Rajkot Nagarik Sahakari Bank Ltd.   Other banks penalised...

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Moneylife Digital Team 19 April 2024
The Food Safety and Standards Authority of India (FSSAI) is examining the claim that Nestle added sugar to infant milk sold in the country. This follows a direction from the National Commission for Protection of Child Rights (NCPCR) to FSSAI to a comprehensive review of the sugar content in...

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Moneylife Digital Team 19 April 2024
Market regulator Securities and Exchange Board of India (SEBI) has barred Vivek Krishnamoorthy (noticee) of Trade Sharks for six months for providing illegal investment advisory services. While slapping a fine of Rs1 lakh, SEBI also asked Mr Krishnamoorthy to refund Rs99,800 collected as fees...

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Moneylife Digital Team 19 April 2024
A chemicals company has completed its greenfield expansion. This facility, which was supposed to cost Rs400 crore for phase-1, was completed for Rs470 crore. It was funded through bank loans and internal accruals. The expansion is expected to generate additional revenue of about Rs500...

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Moneylife Digital Team 19 April 2024
It is one of the largest laminate producers in India having an installed capacity of 14.3mn (million) sheets per year. It has two manufacturing facilities based in Haryana—Panchkula (4.5mn sheets capacity) and Manak Tabra (9.8mn sheets capacity). It sells high-pressure laminates, decorative...

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Moneylife Digital Team 18 April 2024
Coming down heavily on the managing director (MD), whole-time directors (WTDs), key management personnel (KMP) and members of the audit committee (AC) of LEEL Electricals Ltd (LEEL) for siphoning off significant funds and taking out proceeds from the sale of its consumer durable (CD) business,...

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Moneylife Digital Team 18 April 2024
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs14 lakh on Hira Automobiles Ltd (HAL) for not submitting quarterly compliance reports in time and the outcome of the delisting process. In two interim orders in 2013, SEBI directed HAL to submit the...

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Moneylife Digital Team 18 April 2024
On Thursday, 1864 stocks advanced, 1933 declined and 132 remained unchanged, with an advance decline ratio of 0.96 on the Bombay Stock Exchange (BSE), indicating positive closing of stocks in broader markets. The trend of the major indices on Thursday’s trading is given in the table...

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Abhimanyu Hazarika (Bar  and   Bench) 17 April 2024
The Supreme Court (SC) has asked Subhash Chandra and Dr Sadhna Shanker, two members of the national consumer disputes redressal commission (NCDRC), to explain why they issued non-bailable warrants against the directors of Ireo Grace Realtech Pvt Ltd, despite an interim order by the top court to...

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Moneylife Digital Team 17 April 2024
IRB Infrastructure Developers Ltd (IRB) focuses primarily on road and highway projects and is also involved in airport and real estate construction. It is India’s largest roads infrastructure player. IRB undertakes projects and concessions across three platforms: directly on an engineering,...

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Moneylife Digital Team 17 April 2024
In India, thermal power generation constitutes about 56.5% of the total installed capacity followed by renewable energy which is 21.2%. According to research by CRISIL, around 30GW (gigawatt) of coal-based capacity is expected to be added over the next four years largely led by state and...

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Moneylife Digital Team 17 April 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs3 lakh on Omkar Nagreeya Sahkari Bank Ltd from Kanpur in Uttar Pradesh (UP) for non-compliance with the directions issued by the banking regulator.   The Bank was penalised for non-compliance with the direction issued by RBI under the...

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Moneylife Digital Team 17 April 2024
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs3 lakh on Intensive Fiscal Services Pvt Ltd (IFSPL) and its chairman and managing director (CMD) and former compliance officer (CO) DK Surana for not possessing certification from the National Institute of...

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Moneylife Digital Team 16 April 2024
The Supreme Court on Tuesday personally interacted with Baba Ramdev and Acharya Balkrishna, the promoters of Patanjali Ayurved Ltd, to gauge the genuineness of their apology for running misleading advertisements that also disparaged modern medicine, says a report from Bar & Bench.   While...

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Moneylife Digital Team 16 April 2024
On Tuesday, 2251 stocks advanced, 1567 declined and 115 remained unchanged, on the Bombay Stock Exchange (BSE) with an advance decline ratio of 1.43 indicating positive closing of stocks in broader markets. The trend of the major indices on Tuesday’s trading is given in the table below.  

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