INVESTOR INTEREST


Every day, thousands of customers across the Indian banking system find that they have lost access to their own money because the bank has unilaterally ‘frozen’ their account for delay in updating their know-your-customer (KYC) details. This is done under the anti-money laundering rules...

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Moneylife Digital Team 12 May 2023
The Reserve Bank of India (RBI) on Friday announced a ‘100 Days 100 Pays' campaign for banks to trace and settle the top-100 unclaimed deposits of every bank in every district of the country within 100 days.    "This measure will complement the ongoing efforts and initiatives by  RBI...

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Moneylife Digital Team 12 May 2023
Holding Deloitte Haskins & Sells LLP and CJ Goswami & Associates, the secretarial auditor of Sun Pharmaceutical Industries Ltd (Sun Pharma), responsible for not reporting related-party transactions of Sun Pharma with its sole distributor and promoter entity Aditya Medisales Ltd, the registrar...

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Many recent financial and corporate scandals have an inseparable component being the criminal laches of the accounting professionals whose certification was being trusted by the various stakeholders. In asserting the accountability of the auditors, the recent decision of the Supreme Court has...

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Moneylife Digital Team 12 May 2023
The trends of the major indices in the course of the week’s trading are given in the table below:     On Monday, 1998 stocks advanced, 1654 declined and 127 remained unchanged on the Bombay Stock Exchange (BSE), with an advance decline ratio of 1.20, indicating a positive...

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The Supreme Court on Friday indicated that it may grant three months more time to the Securities and Exchange Board of India (SEBI) to complete its probe into the controversy surrounding the Hindenburg Research report on the Adani group.   A bench headed by chief justice of India...

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Moneylife Digital Team 12 May 2023
In a surprising faux pas, Computer Age Management Services Ltd (CAMS) issued an erroneous mail regarding the change in the total expense ratio of the schemes of Aditya Birla Sun Life mutual fund (ABSLMF). The fund house then tweeted, "CAMS has initiated an unauthorised communication regarding...

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Moneylife Digital Team 12 May 2023
In its latest quarterly review, MSCI announced that two Adani group stocks, Adani Transmission and Adani Total Gas, will be dropped from the MSCI Global Standard Index effective 31 May 2023. As a result, all Adani group shares ended in the red with Adani Total Gas down by 4.29% and Adani...

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Moneylife Digital Team 12 May 2023
INDIAN MARKET TRENDS From 5th May to 11 May 2023, ML Micro-cap Index and ML Mid-cap Index rose 3% and 2%, respectively. ML Small-cap Index, ML Mega-cap Index, ML Large-cap Index, the NIFTY and the Sensex, rose 1% each.     FUND FLOWS Foreigners: Foreign...

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Moneylife Digital Team 12 May 2023
Guidelines    1. The Grader captures the three factors that determine investments: valuation, returns and price strength. Our grader captures these three parameters.   2. In this system, A is a higher rank than B and so on. Since, in valuation lower is better, we have ranked...

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Despite the volatility in the market, there were huge inflows into the mutual fund debt schemes in April 2023 as investors of systematic investment plan (SIP) continued to make investments, as gleaned from the data released by the Association of Mutual Funds in India (AMFI), said...

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Moneylife Digital Team 11 May 2023
The enforcement directorate (ED) conducted raids at the premises of KPMG arm BSR & Associates and Deloitte Haskins & Sells LLP in connection with a money-laundering probe into the alleged financial irregularities at Infrastructure Leasing & Financial Services Ltd (IL&FS). According to...

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Moneylife Digital Team 11 May 2023
Despite accelerated capex (capital expenditure) of Rs4,855 crore over FY18-19 to H1FY22-23, core operating earnings of Aarti Industries (Aarti) have been muted. During a recent investor meet, Aarti addressed investors' concerns and provided clarifications regarding their capex spending. The...

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Moneylife Digital Team 11 May 2023
Market regulator Securities and Exchange Board of India (SEBI) has cancelled the registration certificate of BRH Commodities Pvt Ltd (BRHCPL, formerly BMA Commodities Pvt Ltd),  for multiple offences, including misutilisation of client securities and funds.    In an order, Ananth...

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Moneylife Digital Team 11 May 2023
Securities and Exchange Board of India (SEBI) has banned Globex Money Research and its proprietor Palkesh Khandelwal from the market for six months for offering investment advisory to investors without obtaining registration from the market regulator. SEBI also asked Globex Money Research and...

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Moneylife Digital Team 10 May 2023
For a new-age company that got funding and high valuation on the back of rapid growth, net sales of CarTrade Tech Ltd (CarTrade) for Q4FY22-23 inched up 3% year-on-year (y-o-y) but declined by 1% quarter-on-quarter (q-o-q). It reported operating profit and net profit in Q4FY22-23 compared to...

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Moneylife Digital Team 10 May 2023
Gujarat Fluorochemicals Limited's (GFCL’s) profitability slipped a little sequentially, with price correction from the peak in key segments. GFCL is a specialty chemicals company and a leading producer of fluoropolymers, fluoro-specialities, refrigerants and chemicals. GFCL reported revenue...

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Moneylife Digital Team 10 May 2023
On Wednesday, 1757 stocks advanced, 1737 declined and 143 remained unchanged on the Bombay Stock Exchange (BSE), with an advance decline ratio of 1.01, indicating a positive closing of stocks in broader markets. The trend of the major indices on Wednesday’s trading is given in the table...

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Moneylife Digital Team 09 May 2023
Market regulator Securities and Exchange Board of India (SEBI), in an interim order-cum-show-cause notice, has barred Essel group company, Shirpur Gold Refinery Ltd, its promoter Amit Goenka, who is the son of the group chairman Subhash Chandra Goenka and six others, from selling, disposing...

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Moneylife Digital Team 09 May 2023
The Reserve Bank of India (RBI) has imposed a Rs1.73-crore penalty on Hongkong and Shanghai Banking Corporation Ltd (HSBC) for failing to update credit information companies (CICs) about expired credit cards with zero dues. RBI says its action is based on deficiencies by HSBC in regulatory...

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