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The raging controversy over Madhabi Puri Buch and turmoil at the market regulatory body, almost drowned out a stunning order by the Bombay High Court on 26 August 2024. A bench of justices GS Kulkarni and Firdosh P Pooniwalla had imposed a stiff penalty of Rs80 lakh on the Securities & Exchange...

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Investors worldwide are positioning themselves for a stock market surge, encouraged by signals from the US Federal Reserve that it will soon begin cutting interest rates. After all, the conventional belief is that stocks rise when the Fed cuts rates. Expectations of a 0.5% cut at this month's...

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Moneylife Digital Team 13 September 2024
Citing a report from Swiss media outlet Gotham City, US short-seller Hindenburg Research alleged that the Swiss authorities had frozen more than US$310mn (million) in funds across multiple bank accounts as part of a money laundering and securities forgery investigation into the Adani group,...

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Moneylife Digital Team 13 September 2024
Market regulator Securities and Exchange Board of India (SEBI) has disposed proceedings in the National Stock Exchange (NSE) colocation (colo) matter against Ravi Narain and Chitra Ramkrishna, both former managing directors and chief executive officers (MD&CEOs) of NSE, Anand Subramanian...

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Moneylife Digital Team 13 September 2024
Holding Star Health & Allied Insurance Company Ltd guilty for not providing privileged facilitation in medicare for a senior citizen, the national consumer disputes redressal commission (NCDRC) directed the insurer to reimburse Rs3.20 lakh with 10%pa (per annum) and Rs1 lakh litigation costs....

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Moneylife Digital Team 13 September 2024
PN Gadgil Jewellers Ltd (PNG), a Maharashtra-based jewellery chain, has come out with an initial public offering (IPO). One of the interesting aspects of the IPO is the exorbitant compensation to the management as a percentage of profit. The compensation of key managerial personnel (KMP) as a...

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Moneylife Digital Team 13 September 2024
In the latest development of the ICICI Securities delisting controversy, an appeal has been filed with the national company law appellate tribunal (NCLAT) challenging the order passed by the Mumbai bench of the national company law tribunal (NCLT) on 21 August 2024. The appeal, filed by Manu...

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Before 2010, many users of personal computers (PCs) and laptops complained about pop-ups while using the internet. In later years, with browsers embedding blockers in the software, these pop-ups disappeared. But in the digital space, nothing actually disappears. It may remain hidden, but...

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Moneylife Digital Team 13 September 2024
In August 2024, Tata Motors and Central Depository Services were the most preferred stocks of Indian mutual funds. The net purchases of Tata Motors were Rs4,657 crore. HDFC Bank and Bharti Airtel were the most sold stocks. The net sales of HDFC Bank were Rs2,565 crore and net sales of Bharti...

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Moneylife Digital Team 13 September 2024
The trends of the major indices in the course of the week's trading are given in the table below:     Indian equity markets concluded Friday's trading session with a marginal downturn on September 13. The BSE Sensex closed at 82,890.94, down by 71.77 points or 0.09%, while the NSE Nifty...

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Moneylife Digital Team 13 September 2024
As many as 13 non-banking finance companies (NBFCs) have surrendered their registration certificates to the Reserve Bank of India (RBI), while the regulator cancelled the registration of four NBFCs. This includes reasons such as exiting the business, being deemed unregistered core investment...

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Moneylife Digital Team 13 September 2024
INDIAN MARKET TRENDS From 6th September to 12 September 2024, the Sensex, the NIFTY and ML Mega-cap Index rose 2% each. ML Mid-cap Index, ML Small-cap Index and ML Large-cap Index rose 1% each. ML Micro-cap Index ended flat.                                   FUND FLOWS Foreigners:...

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Moneylife Digital Team 13 September 2024
While denying all allegations related to income earned from Agora Advisory Pvt Ltd, rental income from Carol Info Services Ltd, a company affiliated with Wockhardt Ltd and ICICI group-related matters, Madhabi Puri Buch, chairperson of the Securities & Exchange Board of India (SEBI) and her...

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Moneylife Digital Team 13 September 2024
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...

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Moneylife Digital Team 13 September 2024
Western Carriers (India) Ltd (WCIL) claims to be the largest private, multi-modal, rail-focused, asset-light logistics company in India in terms of container volumes handled/operated by private players in FY22-23. Its domestic and export-import (exim) market share, based on container volumes...

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Debayan Roy (Bar  and   Bench) 13 September 2024
Justice Ujjal Bhuyan of the Supreme Court on Friday opined that the arrest of Delhi Chief Minister (CM) Arvind Kejriwal by the Central Bureau of Investigation (CBI) in relation to the Delhi Excise Policy case was only to frustrate the bail granted to him in the case lodged by the Enforcement...

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Moneylife Digital Team 13 September 2024
It is in the business of water supply systems (WSP), wastewater scheme projects (WWSPs), electrical transmission & distribution (T&D), road and allied works. WWSPs include sewage treatment plants (STPs) along with setting up sewage network schemes and common effluent treatment plants (CETPs)...

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Moneylife Digital Team 12 September 2024
Mahua Moitra, a member of Parliament (MP) from Trinamool Congress, has filed a Lokpal complaint against Madhabi Puri Buch, chairperson of the Securities & Exchange Board of India (SEBI), for improper conduct and entering into quid pro quo arrangements, which, according to the MP, 'threaten...

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Moneylife Digital Team 12 September 2024
On Thursday, 2337 stocks advanced, 1609 declined and 123 remained unchanged, with an advance decline ratio 1.45 on the Bombay Stock Exchange (BSE), indicating positive closing of stocks in broader markets. The trend of the major indices on Thursday’s trading is given in the table below.   

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Recently, Maharashtra’s information commissioner, Makarand Ranade, disposed 2,500 complaints filed under the Right to Information (RTI) Act, all from one applicant, admonishing him for the overbearing number of applications.   Last week, on 6th September, central information commissioner...

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