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Moneylife Digital Team 17 May 2024
In April 2024, Kotak Mahindra Bank and Reliance Industries were the most preferred stocks of Indian mutual funds. The net purchases of Kotak Mahindra Bank were Rs3,828 crore. Bajaj Finance and Jio Financial Services were the most sold stocks. The net sales of Bajaj Finance were Rs1,489 crore...

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Moneylife Digital Team 17 May 2024
INDIAN MARKET TRENDS From 10th May to 16 May 2024, ML Large-cap Index, ML Mid-cap Index and ML Mega-cap Index rose 3% each. ML Small-cap Index and the NIFTY rose 2% each. The Sensex rose 1%. ML Micro-cap Index ended flat.     FUND FLOWS Foreigners: Foreign institutional investors were...

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Dinesh Dalmia, the notorious founder of the DSQ Software group, is back to his old tricks. After spending significant time in jail for fraud, stock manipulation and other legal transgressions in India and the US, he is once again embroiled in allegations of fraud. This time, he has allegedly...

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Moneylife Digital Team 17 May 2024
In a landmark move, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has become India's first and only housing regulatory body to issue detailed regulations for retirement housing projects after model guidelines were issued by Union ministry of housing and urban affairs (MoHUA) in...

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Infrastructure Leasing and Financial Services Ltd (IL&FS), Dewan Housing Finance Corporation Ltd (DHFL), Reliance Capital Ltd and YES Bank, though a dozen more can be rightfully tagged to this ‘big-4’, cumulatively caused anywhere between Rs1 lakh crore and Rs1 lakh fifty thousand crore loss to...

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Moneylife Digital Team 17 May 2024
Nearly a third of participants who took Covaxin, the COVID-19 vaccine made by Bharat Biotech Ltd, reported adverse events of special interest (AESI), with women and those with allergies at higher risk, says a new study published on SpringerLink. The study conducted by Sankha Shubhra Chakrabarti...

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Neha Joshi (Bar  and   Bench) 17 May 2024
Justice Gautam Patel bid farewell to the Bombay High Court on April 25, leaving behind a legacy of eloquently written judgments which were sometimes witty, and sometimes, a bit theatrical.   In his ‘final act’ as a judge, during the first ever held full court reference for a farewell, the...

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KBS Sidhu 17 May 2024
Sushil Kumar Modi, the former deputy chief minister of Bihar, passed away on 13 May 2024 at the age of 72, after a prolonged battle with cancer. His departure marks the end of an era for Indian politics, particularly in Bihar, where he held numerous positions of significant influence over the...

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Last month, after his deepfake video went viral on the internet, criticising prime minister Narendra Modi over unemployment and inflation, Bollywood actor Ranveer Singh reacted by saying, ''Deepfake se bacho dostonnnn". He is not the lone victim of deepfakes – almost everybody from Sachin...

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Shirish Shanbhag 17 May 2024
Encroachment is a common problem in cooperative housing societies (CHS/Society), where some members illegally occupy common spaces of the Society near their apartment or flat. Such encroachment can be a shed, a garden, a parking spot, or even a shoe rack placed in the common lobby.   

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Beyond the many benefits that the corporate umbrella gives us, and which were outlined in a previous article , there are even more that one can list out, like:   Group insurance  It is a form of group insurance. The individual may perform poorly for some time, but the company goes on. The...

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Prashant Jha (Bar  and   Bench) 17 May 2024
A division bench of the Delhi high court (HC) on Friday set aside an order of the single-judge directing Spicejet to refund over Rs270 crore to Sun Group promoter Kalanithi Maran.   A division bench of justice Yashwant Varma and justice Ravinder Dudeja allowed the appeal filed by SpiceJet and...

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Moneylife Digital Team 17 May 2024
The trends of the major indices in the course of the week’s trading are given in the table below:   On Friday, the market ended flat, taking cues from the global markets. However, key Indian benchmark indices extended gains, defying the adverse market sentiment in the U.S. and Europe....

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Moneylife Digital Team 17 May 2024
Chemicals players have been facing multiple challenges, after a good pick-up in volume in the recent past, due to return of dumping from China. Unless the government starts imposing anti-dumping duty, since the Chinese are selling their products below cost, the headwinds will continue to impact...

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Moneylife Digital Team 17 May 2024
Inox Wind Limited (IWL) turned profitable at an operating level, after four years. It already has an order-book of 1.3GW (gigawatt) which is expected to increase further, with new capacity additions across India. It also benefits from lower cost, due to its partnership and collaboration with...

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Moneylife Digital Team 17 May 2024
The Reserve Bank of India (RBI) has imposed a total penalty of Rs7 lakh on Gujarat-based Sutex Cooperative Bank Ltd and Bapunagar Mahila Cooperative Bank Ltd for failing to follow directions issued by the banking regulator on cyber security framework, levying charges on inoperative accounts and...

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Moneylife Digital Team 17 May 2024
The booming market for pre-IPO placements, particularly in small and micro-cap companies, has been jolted by market regulator Securities and Exchange Board of India (SEBI), making merchant bankers and high net-worth individual (HNI) investors anxious. Referring to Section 42(2) of the Companies...

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Join the best chat app, a single app to chat on WhatsApp, SMS / RCS, Messenger and 10 other networks. You can see all your chats in just one inbox. And, you can find the chats you are looking for with multi-network search which makes it a breeze!   Beeper does store copies of your messages on...

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Moneylife Digital Team 16 May 2024
In a significant judgment, the Supreme Court held that the enforcement directorate (ED) and its officers cannot arrest an accused exercising powers under Section 19 of the Prevention of Money Laundering Act (PMLA) after the special court has taken cognisance of the complaint for money...

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Moneylife Digital Team 16 May 2024
Rejecting the Life Insurance Corporation of India (LIC)'s contention that the insured failed to disclose diabetes and an earlier operation for the removal of gall bladder, the national consumer disputes redressal commission (NCDRC) directed the insurer to pay Rs19.75 lakh, the entire death...

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