INVESTOR INTEREST


Chandramouli Mohan 14 June 2024
When you read this news, RBI Slaps Rs11.50 Lakh Penalty on 3 Cooperative Banks from Uttar Pradesh, you think the regulator penalises the banks that are non-compliant in transferring the unclaimed deposits to the depositor education and protection fund (DEAF) within the prescribed period.   It...

Read More



Moneylife Digital Team 14 June 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs1.45 crore on Central Bank of India for sanctioning a working capital demand loan to a corporation against receivable from government subsidies and failing to credit money to customer accounts in the unauthorised electronic...

Read More



Moneylife Digital Team 14 June 2024
The Telecom Regulatory Authority of India (TRAI) says reports about the regulator planning to charge subscriber with multiple SIMs or using more numbering resournces are completely false. "Such claims are unfounded and serve only to mislead the public."   In a statement, TRAI says on 6 June...

Read More



Moneylife Digital Team 14 June 2024
The trends of the major indices in the course of the week’s trading are given in the table below:     The Indian stock market ended the week on a positive note, with the Nifty hitting a fresh record high on June 14. The Sensex closed at 76,992.77, up 181.87 points or 0.24%, while the Nifty...

Read More



Moneylife Digital Team 14 June 2024
INDIAN MARKET TRENDS From 7th June to 13 June 2024, ML Small-cap Index and ML Mid-cap Index rose 5% each. ML Large-cap Index rose 4%. ML Micro-cap Index and ML Mega-cap Index rose 2% and 1%, respectively. The NIFTY and the Sensex ended flat.     FUND FLOWS Foreigners: Foreign...

Read More



Moneylife Digital Team 14 June 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs4.25 lakh on four cooperative banks for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs2 lakh has been imposed on Nandani Sahakari Bank Ltd from Maharashtra.   Other banks penalised by RBI are...

Read More



Moneylife Digital Team 14 June 2024
In May 2024, HDFC Bank and Infosys were the most preferred stocks of Indian mutual funds. The net purchases of HDFC Bank were Rs4,788 crore. Bajaj Finance and Hindustan Aeronautics were the most sold stocks. The net sales of Bajaj Finance were Rs1,926 crore and net sales of Hindustan...

Read More



Moneylife Digital Team 14 June 2024
The Reserve Bank of India (RBI) has restored functionality to its automated sweep-in and sweep-out (ASISO) system following a technical disruption.   The glitch, which occurred on RBI's ASISO facility within the e-Kuber platform, temporarily hindered Bank’s access on Wednesday. This platform...

Read More



Moneylife Digital Team 14 June 2024
Securities and Exchange Board of India (SEBI) has debarred background check company SecUR Credentials and its managing director (MD) Rahul Belwalkar from the securities market, for imposing significant restrictions due to alleged financial irregularities and corporate governance lapses. This...

Read More



Moneylife Digital Team 14 June 2024
The Indian government has announced a recycling policy for various products like metals and plastic packaging. Regulations have been introduced whereby all the brand owners and manufacturers are required to have 30% recycled contents in their plastic packaging from FY25-26 and this limit would...

Read More



Moneylife Digital Team 13 June 2024
On Thursday, 2353 stocks advanced, 1536 declined and 95 remained unchanged, with an advance decline ratio 1.53 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 below.   

Read More



Moneylife Digital Team 13 June 2024
Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs7 lakh on Majestic Auto Ltd for the company's failure to obtain approval from the audit committee and shareholders for related party transactions (RPTs) during FY18-19.   In an order last week, Amar Navlani, adjudicating...

Read More



Moneylife Digital Team 13 June 2024
Securities and Exchange Board of India (SEBI) has levied a fine of Rs2 lakh following an adjudication order scrutinising the trading practices of specific entities associated with Ascom Leasing and Investments Ltd (noticee). This order investigates explicitly the misclassification of Saffron...

Read More



Moneylife Digital Team 12 June 2024
The Securities and Exchange Board of India (SEBI) has imposed a fine of Rs1 crore each on Pradeep Pandya, former markets editor of CNBC Awaaz, and Alpesh Vasanji Furiya, a technical analyst, for engaging in fraudulent trading activities. The penalties follow a comprehensive investigation...

Read More



Moneylife Digital Team 12 June 2024
The Securities and Exchange Board of India (SEBI) has imposed a fine of Rs1 crore each on Pradeep Pandya, former markets editor of CNBC Awaaz, and Alpesh Vasanji Furiya, a technical analyst, for engaging in fraudulent trading activities. The penalties follow a comprehensive investigation...

Read More



Moneylife Digital Team 12 June 2024
Taking cognizance of corporate governance issues at PTC India Financial Services Ltd (PFS), market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs25 lakh on Pawan Singh, former managing director and chief executive officer (MD&CEO) and Rs10 lakh on Rajib...

Read More



Moneylife Digital Team 12 June 2024
Johnson & Johnson (J&J) has agreed to pay US$700mn (million) to settle an investigation by 42 US states and Washington DC into its marketing of baby powder and other talc-based products blamed for allegedly causing cancer, says a news report.   According to a report from Reuters, the...

Read More



Moneylife Digital Team 12 June 2024
Steel processing industry is set to grow with healthy demand from end-user industries like automobiles, construction, power and oil & gas. Government emphasis on electric vehicles (EVs), including buses, is visible with new orders. The government is focusing on Gati Shakti, Jal Jeevan programme...

Read More



Moneylife Digital Team 12 June 2024
Securities and Exchange Board of India (SEBI) has launched a free, voluntary online certification exam for investors. This initiative, developed in collaboration with the National Institute of Securities Markets (NISM), aims to help investors test and enhance their knowledge of markets and...

Read More



Moneylife Digital Team 12 June 2024
On Wednesday, 2554 stocks advanced, 1336 declined and 101 remained unchanged, on the Bombay Stock Exchange (BSE) with an advance decline ratio of 1.91, indicating positive closing of stocks in broader markets. The trend of the major indices on Wednesday’s trading is given in the table...

Read More

Free Helpline
Legal Credit
Feedback