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Moneylife Digital Team 06 October 2022
On 6th October, Securities and Exchange Board of India (SEBI) issued winding up order against Brickwork Ratings citing "failure to exercise proper skill, care and diligence, while discharging its duties as a credit rating agency".   The market regulator has also asked them to...

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Sucheta Dalal Sucheta Dalal 06 October 2022
Sometimes, no news is good news. After seven long years of turmoil, the very fact that the National Stock Exchange (NSE) is not making headlines for the wrong reasons sounds good. But is that good enough? India’s premier exchange has been badly battered by the co-location (Colo) scam,...

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The Centre has told the Supreme Court that it would develop a model builder buyer for sale containing 'core' clauses in consonance with the mandatory provisions of the Real Estate (Regulation and Development) Act 2016, for the protection of home buyers.   A bench of Justices D.Y....

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The World Health Organization on Wednesday issued an alert for four "contaminated" India-made medicines, chiefly for paediatric use, identified in the west African nation of The Gambia and found to contain chemicals that are toxic and potentially fatal after 66 child deaths.   "WHO...

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Moneylife Digital Team 06 October 2022
Tightening liquidity conditions and ensuing volatility in asset prices could impact the entities having reliance on equity infusions through initial public offerings (IPOs), rights issues or monetisation of assets, says a research note.   In the report, India Ratings and Research...

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Moneylife Digital Team 06 October 2022
The listing of Paras Defence and Space Technologies (Paras) was nothing short of a dream debut. The IPO (initial public offering) turned out to be the second most subscribed issue of 2021. At listing, the share price nearly tripled from its issue price followed by a stunning rally for the...

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Moneylife Digital Team 06 October 2022
The finance ministry has issued a clarification on why the subscribers of the Employees’ Provident Fund (EPF) are not able to view the interest credit in their retirement savings account.   EPF subscribers will get an interest rate of 8.1% for finance year (FY)2021-22 in their...

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With the judge in the Twitter-Elon Musk case declaring that the micro-blogging platform could hunt for Musk's secret chats with whistleblower Peiter 'Mudge' Zatko, the Tesla CEO may have decided to make a turnaround and announce to go ahead with the $44 billion takeover deal he earlier...

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Fresh death threats were made on Wednesday to billionaire industrialist Mukesh Ambani and his family members, and to blow up the Sir H. N. Reliance Foundation Hospital in south Mumbai.   Calls were received at the HNRF Hospital's call centre at 12.57 p.m. and at 5.04 p.m. warning to...

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Moneylife Digital Team 06 October 2022
Capital market regulator Securities and Exchange Board of India (SEBI) has imposed penalties totalling Rs3.42 crore on 10 entities, including Birla Pacific Medspa and Yashovardhan Birla, for violating listing agreements as well as diverting proceeds from the initial public offer of Birla...

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Moneylife Digital Team 06 October 2022
The Securities and Exchange Board of India (SEBI) on Tuesday imposed a penalty of Rs10 crore on CG Power and Industrial Solutions  former chairman Gautam Thapar, and barred him from the securities market for five years, for unfair trade practices pertaining to the company. Former chief...

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Moneylife Digital Team 06 October 2022
More than 51 per cent of the total Bitcoin trading volume on various crypto exchanges this year is fake amid volatile global economic conditions, a new report has claimed.   Bitcoin is the blue chip of cryptocurrency and represents 40 per cent of the total crypto assets outstanding in...

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Prachi Arya (The Leaflet) 06 October 2022
To fire or not to fire? The framing of the moonlighting debate, affecting IT employees with multiple jobs, may be the biggest problem when one factors in the larger issue of inequality, exacerbated by neo-liberal economic policies and the COVID-19 crisis. ——– “WHEN inequality of...

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Moneylife Digital Team 06 October 2022
We had mentioned in Tuesday’s closing report that Nifty and Sensex may rally a bit more if overseas markets stay firm. On Thursday, the indices opened gap up, and ended with gain. On the Bombay Stock Exchange (BSE), 2,362 stocks advanced, 1,096 declined, and 125 remained unchanged with...

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India records 2,529 fresh COVID cases, 12 deaths in past 24 hours 06-10-2022 11:55 India reported 2,529 fresh Covid cases in the last 24 hours, against the previous day's 2,468 count, Union Health Ministry said on Thursday. In the same period, 12 more Covid related deaths took the...

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Moneylife Digital Team 04 October 2022
The phone tapping case in the National Stock Exchange (NSE) is taking curious turns. Ravi Narain, former managing director and chief executive officer (MD&CEO) of NSE, is the only one to have been granted bail. He is understood to be out on interim bail for two weeks since 30th September....

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R Balakrishnan R Balakrishnan 04 October 2022
“One of my favourite comedians, Eddie Izzard, has a rebuttal that I find most compelling. He points out that guns don’t kill people; people kill people, but so do monkeys if you give them guns. This is akin to my view of financial models. Give a monkey a value at risk (VaR) model or the...

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Moneylife Digital Team 04 October 2022
Competition Commission of India (CCI) on Tuesday approved the Sony-Zee merger based on several conditions. CCI has imposed limits to prevent Zee Sony from abusing its dominating market position.    In December 2021, Sony and Zee announced that they will integrate their television...

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Moneylife Digital Team 04 October 2022
The recent hike in natural gas prices by 40% will moderate India's city gas consumption volume growth to 8%-10% this fiscal year versus an earlier projection of 20%-25%, says a research report by CRISIL Ratings.    On 30 September 2022, the ministry of petroleum and natural gas...

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Top IT (information technology) and tech firms like Wipro, Infosys and Tech Mahindra have reportedly revoked offer letters given to students after delaying their joinings by nearly three-four months.   According to reports, hundreds of freshers were given offer letters but, first, the...

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