INVESTOR INTEREST


Moneylife Digital Team 20 May 2023
The justice AM Sapre expert committee appointed by the Supreme Court (SC) appears to have given a clean chit to the Securities and Exchange Board of India (SEBI) on the issue of regulatory failure while passing some strictures about the need for SEBI executives to take a constant stand on...

Read More



Moneylife Digital Team 20 May 2023
The Reserve Bank of India (RBI) has decided to withdraw the Rs2,000 denomination banknotes from circulation as part of its 'clean note policy'. The banknotes in Rs2,000 denomination will continue to be legal tender, it added.   In a release, RBI says, "...public may deposit Rs2,000...

Read More



Moneylife Digital Team 20 May 2023
The Supreme Court-appointed expert committee investigating the volatility in Adani group stocks has endorsed the need to create a Central Unclaimed Property Authority (CUPA) “to bring sharp focus to the area of unclaimed properties such as securities, dividends and bank deposits belonging to...

Read More



Moneylife Digital Team 20 May 2023
INDIAN MARKET TRENDS From 12th May to 19 May 2023, ML Mid-cap Index rose 1%. ML Small-cap Index, ML Large-cap Index, ML Micro-cap Index and the Sensex ended flat. The NIFTY and ML Mega-cap Index fell 1% each.       FUND FLOWS Foreigners: Foreign institutional...

Read More



Moneylife Digital Team 20 May 2023
In April 2023, Housing Development Finance Corporation and Infosys were the most preferred stocks of Indian mutual funds. The net purchases of Housing Development Finance Corporation were Rs2,095 crore. ICICI Bank and Axis Bank were the most sold stocks. The net sales of ICICI Bank were...

Read More



Moneylife Degital Team 20 May 2023
The main indices have been under pressure last week but there is no change in the weekly direction which is up. The trends of the major indices in the course of the week’s trading are given in the table below:     On Monday, 1939 stocks advanced, 1710 declined and 172...

Read More



The National Spot Exchange Limited (NSEL) on Friday said the special MPID Court has made India Infoline Commodities Ltd (IICL) director Nirmal Jain, Anand Rathi Commodities Ltd (ARCL) director Preeti Gupta and Geojit Comtrade Ltd (GCL) director Shiney George as accused in the NSEL payment...

Read More



The Reserve Bank of India may cancel the licences of a few asset reconstruction companies (ARC) who had been issued show-cause notices.   RBI had earlier sent show-cause notices to a few asset reconstruction companies (ARCs), seeking answers on why their licences should not be...

Read More



Moneylife Digital Team 19 May 2023
Despite facing volatility in raw materials and energy prices as well as disruptions in global supply chains, Deepak Nitrite maintained high capacity utilisation of its plants throughout FY22-23. However, the Nandesari plant experienced a setback with a 40-day shutdown due to a fire. Notably,...

Read More



Moneylife Digital Team 19 May 2023
BLS International Services Limited (BLS) posted its highest-ever annual revenues—a 78.40% y-o-y (year-on-year) jump in revenues to reach Rs1,516 crore in FY22-23. The strong results were due to robust traction in all of its business verticals. It is among the top-3 global players in visa...

Read More



Moneylife Digital Team 19 May 2023
Apar Industries (Apar) reported its highest-ever revenue in Q4FY22-23, driven by strong volume growth across all divisions and growth in export of cables and conductors. Export revenue was up by 85% y-o-y (year-on-year), driven by a y-o-y increase of 164% in the cable division and an 81%...

Read More



Moneylife Digital Team 19 May 2023
On Friday, 1629 stocks advanced, 1818 declined and 125 remained unchanged on the Bombay Stock Exchange (BSE), with an advance decline ratio of 0.89, indicating a negative closing of stocks in broader markets. However, the main indices were up. The trend of the major indices on Friday’s...

Read More



Moneylife Digital Team 18 May 2023
Recent data from the Insolvency and Bankruptcy Board of India (IBBI) March 2023 newsletter indicates a concerning trend for financial creditors (FCs) and operational creditors (OCs) in the corporate insolvency resolution process (CIRP). The realisation rate for FCs decreased to 34.2% in...

Read More



Moneylife Digital Team 18 May 2023
Market regulator Securities and Exchange Board of India (SEBI) has cancelled the registration certificate of Allied Financial Services Pvt Ltd (AFSPL), for granting disproportionate exposure and promising assured returns to clients, misreporting data, dealing with unregistered entities and...

Read More



Moneylife Digital Team 18 May 2023
Jindal Saw Limited (JSL), part of OP Jindal group, makes iron & steel pipes and pellets. It claims to be a total pipe solutions-provider across the globe. It was the first company in India to manufacture SAW (submerged arc welded) pipes. Its business is segmented into five major parts: SAW...

Read More



The SBI Funds Management Ltd has been allowed by central bank, the Reserve Bank of India (RBI) to acquire 9.99% stake in HDFC Bank Ltd by 15th November.   In a regulatory filing, the HDFC Bank said RBI has given its approval to SBI Funds Management for acquiring up to 9.99% of the...

Read More



Moneylife Digital Team 18 May 2023
On the back of strong growth in electric vehicle (EV) components and moderate growth in fastener business, Sterling Tools (Sterling) reported highest-ever consolidated quarterly sales. Consolidated sales went up 24.9% y-o-y (year-on-year) to Rs211.67 crore in Q4FY22-23. Gross profit margin...

Read More



Moneylife Digital Team 18 May 2023
Yesterday we have mentioned Nifty, Sensex was under pressure. On Thursday the market continued to fall as 1559 stocks advanced, 1922 declined and 125 remained unchanged on the Bombay Stock Exchange (BSE), with an advance decline ratio of 0.81. The trend of the major indices on Thursday’s...

Read More



Moneylife Digital Team 17 May 2023
While denying an extension till September, the Supreme Court on Wednesday asked the Securities and Exchange Board of India (SEBI) to submit an updated status report on 14 August 2023 about its probe into the Adani-Hindenburg controversy.   The apex court also directed that the copies...

Read More



Moneylife Digital Team 17 May 2023
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs1.9 crore on four former key officials of Karvy Stock Broking Ltd (KSBL) for several violations, including non-segregation of clients' funds and securities, misappropriation of clients' securities and...

Read More

Free Helpline
Legal Credit
Feedback