INVESTOR INTEREST


Public interest and banks’ amalgamations   Compulsory amalgamations of failing banks are in the public interest. They are primarily intended to provide stability to the financial system, safeguard the depositors’ interests and, in the process, reinforce the credibility of the...

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Moneylife Digital Team 11 August 2022
Coming out in open on the alleged corruption taking place in National Company Law Tribunal (NCLT), a resolution professional (RP) has placed a petition before the appellate tribunal and chief justice of India, describing the sorry state of affairs where crucial orders were allegedly handed...

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Moneylife Digital Team 11 August 2022
Market regulator Securities and Exchange Board of India (SEBI) says its SEBI Complaints Redress System (SCORES) platform has 3,058 complaints pending, with eight complaints pending for more than three months (90 days).   This is against the average resolution time of 26 days taken for...

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Moneylife Digital Team 11 August 2022
Barbeque Nation (BBQ) reported the highest-ever revenue in the history of the company in Q1FY22-23. On a sequential basis, sales were up by 25.49% to Rs315 crore, driven by strong volume and average realisation. Also, profitability was good, despite an inflationary environment. Gross margin...

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Moneylife Digital Team 11 August 2022
Syrma SGS Technology Ltd (SSTL) is into turnkey electronics manufacturing services (EMS) specialising in precision manufacturing for industrial appliances, automotive, healthcare, consumer products and information technology (IT) industries. SSTL primarily follows a ‘high-mix / low-volume’...

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Moneylife Digital Team 11 August 2022
Gokaldas Exports Limited (Gokaldas) came out with a good set of quarterly results, despite the headwinds. We covered Gokaldas, one of the best vertically integrated fibre-to-fashion textiles players, in detail here. Gokaldas is one of India’s leading apparel exporters with an annual capacity...

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Moneylife Digital Team 11 August 2022
Apar Industries (Apar) reported yet another record quarter, with sales above the Rs3,000-crore mark. In Q1FY22-23, sales jumped 71% year-on-year (y-o-y) to Rs3,093 crore, driven by volume growth and price increases across segments. Export revenue was up 76% y-o-y contributing around 42% to...

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Moneylife Digital Team 11 August 2022
We had mentioned in Wednesday’s closing report that Nifty and Sensex at resistance zone. On Thursday, the indices opened gap up, and ended with gain.   On the National Stock Exchange (NSE), advance decline ratio was at 1.17 indicating positive sentiment across broader...

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Moneylife Digital Team 10 August 2022
Paying heed to concerns raised by borrowers on digital loans, like the rampant engagement of third parties, mis-selling, breach of data privacy, unfair business conduct, charging of exorbitant interest rates and unethical recovery practices, the Reserve Bank of India (RBI) has asked all...

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Moneylife Digital Team 10 August 2022
NIIT Ltd (NIIT) declared results for Q1FY22-23. We had covered NIIT in detail here earlier. NIIT is a skills and talent development company that builds a manpower pool for global business requirements. It has two main business segments: CLG (corporate learning group) and SNC (skills and...

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Moneylife Digital Team 10 August 2022
Schaeffler India Limited, covered in detail here, came out with good quarterly numbers. Schaeffler (erstwhile FAG Bearings) supplies critical components to the automotive and industrial sectors. It has a presence through three famous product brands—FAG (Fischer’s Aktien Gesselshaft), INA and...

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Moneylife Digital Team 10 August 2022
Despite a challenging macro-environment involving geo-political situation in Europe and lock-down in China, Sona BLW Precision Forgings (Sona) managed to clock highest quarterly revenue of Rs589 crore, registering a growth of 18% y-o-y (year-on-year). This is against the backdrop of global...

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Electric vehicle company Tesla CEO Elon Musk has sold 7.92 million shares of the company worth around $6.88 billion, media reports say.   Musk's transactions occurred between August 5 and August 9, the US Securities and Exchange Commission (SEC) filings revealed, following Tesla's...

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Moneylife Digital Team 10 August 2022
On Wednesday, the indices opened gap up and ended flat. On the National Stock Exchange (NSE), advance decline ratio was at 0.8, indicating more stock ending in negative after today’s trade. The trend of the major indices on Wednesday’s trading are given in the table below:  

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Moneylife Digital Team 09 August 2022
The shortage of judicial and technical members threatens to halt regular proceedings at the National Company Law Tribunal (NCLT), possibly derailing a big reform of the Narendra Modi government. The shortage of members is a fact and it seemed to be confirmed by an authentic-looking circular...

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Moneylife Digital Team 09 August 2022
National Stock Exchange of India Ltd (NSE) has asked all its members to re-verify and share documents required for know-your-customer (KYC) for all of their clients who have given Sikkim as correspondence or permanent address. According to the sources, this is being done to keep a tab on the...

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Moneylife Digital Team 09 August 2022
Ujjivan Small Finance Bank (USFB) is a subsidiary of Ujjivan Financial Services (UFS), a Bengaluru-based microfinance company registered as non-banking financial company-micro finance institution (NBFC-MFI) with the Reserve Bank of India (RBI). UFS had been operating in the micro finance...

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Moneylife Digital Team 09 August 2022
Century Ply (Century) reported gross quarterly revenue of Rs881 crore, down 1.56% quarter-on-quarter (q-o-q) but up 96.21% year-on-year (y-o-y). Operating profit was Rs145 crore—down 9.93% q-o-q but up 139.34% y-o-y and net profit was Rs96 crore up 5.49% q-o-q and 182% y-o-y. Even though raw...

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Dr KR Shyam Sundar (The Leaflet) 09 August 2022
Nearly a year is set to expire, yet the government has managed the registration of only a little less than three-fourths of the total estimated unorganised workforce of 380 million.  —– Three major labour laws govern the welfare of often overlapping segments of unorganised workers:

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Sucheta Dalal Sucheta Dalal 09 August 2022
It is over two weeks since Zee Business channel’s investigative report titled “Operation Demat Daka” sent a chill down the spine of investors. Managing editor Anil Singhvi aired conversations and clippings over several episodes to show how the trading accounts of a few investors had been...

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