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Part one of this article explained the various parts of the restructuring of the TVS holding companies, specifically in the context of TVS-E.   The unfinished agenda was for the promoters to hold 59.84% of the shares in TVS-E directly.   To avoid stuffing too many facts into one article,...

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Moneylife Digital Team 18 March 2025
Calling for a paradigm shift in grievance redressal through the adoption of artificial intelligence (AI), Reserve Bank of India (RBI) governor Sanjay Malhotra emphasised the importance of leveraging AI technology to streamline customer complaints and build consumer trust. He was speaking at the...

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Moneylife Digital Team 18 March 2025
On Tuesday, 2815 stocks advanced, 1221 declined and 123 remained unchanged, with an advance decline ratio of 2.30 on the Bombay Stock Exchange (BSE), 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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Moneylife Digital Team 18 March 2025
Despite the Indian government's stringent ban on surrogate advertising, a recent survey conducted by LocalCircles reveals that surrogate advertisements for liquor and tobacco brands continue to thrive across various media. An overwhelming 79% of consumers surveyed stated that they are still...

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Moneylife Digital Team 18 March 2025
Reserve Bank of India (RBI) has imposed a penalty of Rs9.50 lakh on five cooperative banks for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs5 lakh has been imposed on Baramulla Central Cooperative Bank Ltd from Jammu and Kashmir (J&K).   Other...

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Moneylife Digital Team 18 March 2025
Reserve Bank of India (RBI) has cancelled the certificates of registration (CoR) of 10 non-banking financial companies (NBFCs) from West Bengal. RBI has not provided any specific reason for cancelling the CoR of these NBFCs. Separately, following their exit from the non-banking financial...

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Moneylife Digital Team 17 March 2025
In a significant development regarding the ongoing IndusInd Bank crisis, the joint auditors of the Hinduja group-promoted bank have formally requested a forensic audit of its troubled derivatives portfolio, according to an Economic Times report. MP Chitale & Co and MSKA & Associates, the bank's...

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SN Thyagarajan (Bar  and   Bench) 17 March 2025
The National Company Law Appellate Tribunal (NCLAT) has ordered an enquiry by the Principal Bench of National Company Law Tribunal (NCLT) into the functioning of the NCLT's Chennai Bench after citing irregularities in an order passed by the NCLT in 2022.   The order was passed by a Bench of...

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Moneylife Digital Team 17 March 2025
On Monday, 1608 stocks advanced, 2503 declined and 130 remained unchanged on Bombay Stock Exchange with advance decline ratio of 0.64 indicating a negative closing in the broader market. The indices lack triggers and drifting aimlessly. The trend of the major indices on Monday’s trading is...

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Moneylife Digital Team 17 March 2025
Reserve Bank of India (RBI) has imposed penalties of Rs5.10 lakh on JM Financial Products Ltd, a non-banking financial company (NBFC), and Experian Credit Information Company of India Pvt Ltd (Experian India) for non-compliance with the directions issued by the banking regulator. The highest...

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Moneylife Digital Team 17 March 2025
The Securities and Exchange Board of India (SEBI) is in the process of finalising standard operating procedures (SOPs) to ensure uniformity in the application of settlement regulations amid a growing number of settlement cases. SEBI's whole-time member Kamlesh Chandra Varshney informed that the...

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Moneylife Digital Team 17 March 2025
Market regulator Securities and Exchange Board of India (SEBI) has levied a total penalty of Rs4 lakh on Milan Dalal, managing director (MD) and Moloy Saha, chief executive officer (CEO) of Foods and Inns Ltd (FIL), for failing to establish a compliant code of conduct as mandated under...

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Moneylife Digital Team 13 March 2025
IndusInd Bank has been at the centre of financial turmoil following the revelation of discrepancies in its derivative portfolio, leading to a 2.35% reduction in net worth. This triggered a sharp decline in its stock price on Tuesday. We have covered it here. The stock has been falling for a...

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The legal framework surrounding fair comment, influence-peddling, defamation and fraud in social media interactions is still evolving. As always, those exploiting social media’s vast reach for business gains are ahead of regulators tasked with preventing abuse. The situation is further...

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The unprecedented revelation of an accounting fluff by the fifth biggest private bank in the country is not a routine year-end journal entry to gloss over. Nor the niceties to be observed to await a full investigation report to air one's prima facie views!   Leaving aside many other alarming...

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Moneylife Digital Team 13 March 2025
The Reserve Bank of India (RBI) has widened its investigation into derivative exposures of multiple private and state-run banks following significant accounting discrepancies revealed by IndusInd Bank. This expanded probe comes after IndusInd Bank disclosed lapses in its derivatives accounting...

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Moneylife Digital Team 13 March 2025
Indian equity indices closed in negative territory on 13th March, with the NIFTY falling below 22,400. The Sensex dropped 200.85 points (0.27%) to 73,828.91, while the NIFTY declined 73.30 points (0.33%) to 22,397.20. Despite encouraging indicators like moderating inflation and improved GDP...

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Moneylife Digital Team 13 March 2025
INDIAN MARKET TRENDS From 7th March to 12 March 2025, the NIFTY and the Sensex ended flat. ML Mega-cap Index fell 1%. ML Micro-cap Index and ML Large-cap Index fell 3% and 4%, respectively. ML Mid-cap Index and ML Small-cap Index fell 5% each.                                          

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Moneylife Digital Team 13 March 2025
Amber Enterprise India (Amber) is into manufacturing and assembly of room air-conditioners (RAC) and key RAC components. Currently, it has 23 manufacturing plants across eight states and serves all the major RAC brands in India, such as Voltas, Blue Star, LG and Daikin, among others. Amber has...

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Moneylife Digital Team 13 March 2025
In February 2025, HDFC Bank and Axis Bank were the most preferred stocks of Indian mutual funds. The net purchases of HDFC Bank were Rs4,331 crore. Infosys and Sun Pharmaceutical  were the most sold stocks. The net sales of Infosys were Rs2,158 crore and net sales of Sun Pharmaceutical were...

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