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Moneylife Digital Team 05 February 2025
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs25 lakh on eight entities, including DB Realty Ltd (DBRL) (now known as Valor Estate) (noticee 1), the company promoters and key officials, following significant violations of financial disclosure...

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Moneylife Digital Team 05 February 2025
Market regulator Securities and Exchange Board of India (SEBI) has announced a new regulatory framework to ensure the safer participation of retail investors in algorithmic (algo) trading. The new rules, outlined in a circular issued on 4 February 2025, aim to establish proper checks &...

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Chandramouli Mohan 04 February 2025
In a world where financial emergencies can strike at any moment, one woman's desperate need for medical funds turned into a distressing ordeal. My friend's sister, a 72-year-old widow, faced urgent medical expenses and reached out to her brother for help. He promptly transferred money to her...

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Moneylife Digital Team 04 February 2025
On Tuesday, 2511 stocks advanced, 1406 declined and 156 remained unchanged on Bombay Stock Exchange with advance decline ratio of 1.79 indicating a positive closing in the broader market. The trend of the major indices on Tuesday’s trading is given in the table below.      On NSE, 34...

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Moneylife Digital Team 04 February 2025
The Indian government has announced that Rs2,025.75 crore has been disbursed to 1.16mn (million) depositors of the Sahara group of cooperative societies as of 28 January 2025. It includes depositors of Sahara Credit Cooperative Society Ltd, Saharayan Universal Multipurpose Society Ltd, Humara...

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Moneylife Digital Team 04 February 2025
The directorate of enforcement (ED) has conducted search operations at three locations in Chennai as part of its ongoing investigation into RKM Powergen Pvt Ltd (RKMPPL) under the Prevention of Money Laundering Act (PMLA), 2002. The searches targeted premises linked to Andal Arumugam, S...

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Dr Gopal Krishna 04 February 2025
The Aadhaar Act disallows an individual access to the biometric information that forms the core of her unique ID (Aadhaar). The lack of access is problematic for the following reasons: First, verification of whether the biometrics have been recorded correctly or not in the first place is not...

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Moneylife Digital Team 04 February 2025
Trade unions across the country are set to stage a nationwide protest on 5th February against what they describe as an 'anti-worker, anti-farmer and anti-people' Budget for the financial year (FY)25-2026. The demonstration, organised by 10 central trade unions and independent sectoral...

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Moneylife Digital Team 04 February 2025
Market regulator Securities and Exchange Board of India (SEBI) proposed mandating digital assurances of financial statements of top-100 listed companies to create greater transparency and trust in the financial disclosures made by the listed entities. Reporting on digital assurance will be...

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Moneylife Digital Team 04 February 2025
Information provided by the insurance regulatory and development authority of India (IRDAI) shows that, as of 31 March 2024, insurance companies have unclaimed insurance funds worth Rs21,718 crore which declined from Rs23,699 crore as of 31 March 2023. However, IRDAI does not maintain data...

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SN Thyagarajan (Bar  and   Bench) 04 February 2025
The Supreme Court on Monday ruled that consumer fora can interfere with the terms of builder-buyer agreements that are one-sided, as the same would amount to unfair trade practice under the Consumer Protection Act, 2019. (Godrej Project Development Ltd v. Anil Karlekar)   A Bench of Justices...

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Moneylife Digital Team 03 February 2025
While reiterating that insurance companies process the claims as per the terms and conditions of the policy, the Union government says that, during FY23-24, insurers rejected claims worth Rs26,037.65 crore. It includes claims worth Rs15,100.14 crore disallowed as per terms and conditions (T&C)...

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Bar  and   Bench 03 February 2025
The Karnataka government has ordered the establishment of medical boards in state hospitals to process requests for dignified deaths through execution of living wills of terminally ill patients, Indian Express reported.    This decision follows a 2023 Supreme Court ruling that recognized the...

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Moneylife Digital Team 03 February 2025
While holding Ramit Chaudhri, former design head of Infosys Ltd, and Keyur Maniar, former senior vice-president and global head for securities and capital markets of Wipro Ltd responsible for insider trading in Infosys scrip, Securities and Exchange Board of India (SEBI) has imposed a total...

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Moneylife Digital Team 03 February 2025
Holding chartered accountant (CA) Neeraj Bansal guilty of professional misconduct in the audit of Religare Finvest Ltd (RFL) for FY17-18, the national financial reporting authority (NFRA) has imposed a penalty of Rs5 lakh on the CA. CA Bansal, who was the engagement partner (EP), is also barred...

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Moneylife Digital Team 03 February 2025
As US President Donald Trump's massive tariffs on Canada, Mexico, and China rekindled worries of a global trade war, the Sensex and Nifty fell on 3 February 2024, reflecting volatility in global markets. The dollar index shot up. Small and mid cap stocks were under severe pressures, especially...

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Moneylife Digital Team 03 February 2025
Reserve Bank of India (RBI) has imposed penalties of Rs94.80 lakh on Equitas Small Finance Bank Ltd, India Post Payments Bank Ltd and Aptus Finance India Pvt Ltd, a non-banking financial company (NBFC), for non-compliance with the directions issued by the banking regulator. The highest penalty...

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Moneylife Digital Team 03 February 2025
Market regulator  Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs3.05 crore and banned 11 entities from participating in the market for a period ranging from one to five years for their involvement in a fraudulent scheme involving the scrip of Pressure Sensitive...

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Moneylife Digital Team 03 February 2025
India's energy sector relies heavily on imports, sourcing about 86.11% of its crude oil from abroad, due to insufficient domestic production capacity. This gap between output and consumption necessitates ongoing investment in exploration and extraction to enhance local production, especially as...

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Moneylife Digital Team 03 February 2025
Wise Travel India (Wise) is one of the three listed companies that are providing transportation services and chauffeured cab rental services (CCR), a business that is booming. We have covered the first one—Shree OSFM e-Mobility—here. This week, we will look at Wise. As of FY23-24, Wise had a...

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