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Moneylife Digital Team 09 September 2021
We had mentioned in previous week’s closing report that Nifty, Sensex were headed higher. The major indices rallied this week but ended with minor gains. The trend of the major indices in the week is given in the table:     On Monday, the indices opened higher and closed with...

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Moneylife Digital Team/ IANS 09 September 2021
American automotive major Ford Motor Company on Thursday announced it has decided stop manufacturing at its two Indian plants, owned by its subsidiary Ford India Private Ltd, due to losses.   In a statement, Ford India said it would expand its city-based Ford Business Solutions team...

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Moneylife Digital Team 09 September 2021
Onions, a staple in most Indian households, are likely to make consumers cry again, with erratic monsoon leading to an eventual delay in harvest. Delay in arrival of the Kharif crop and shorter shelf life of the buffer stock because of Cyclone Tauktae are likely to fuel a rise in prices, says...

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Moneylife Digital Team 09 September 2021
On several occasions, questions have been raised in various fora about the action of the committee of creditors (CoC) being detrimental to objectives of the Insolvency and Bankruptcy Code (IBC). Due to this, there is an urgent need to devise an appropriate mechanism to effectively guide the...

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Moneylife Digital Team 09 September 2021
The Supreme Court (SC) on Thursday stayed all proceedings before the Delhi High Court (HC) on Amazon’s petition seeking enforcement emergency award passed by Singapore International Arbitration Centre (SIAC), which restrained Future Retail Ltd (FRL) from going ahead with its Rs24,731 crore...

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Moneylife Digital Team 09 September 2021
Just as fast-moving consumer goods (FMCG) created enormous value for investors, the market thinks that now fast-moving electrical goods (FMEG) will do the same. FMEG comprise household electrical and lighting products. One of the leading FMEG companies is Crompton Greaves Consumer Electricals...

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Clinton Fernandes 09 September 2021
Kotak Mahindra Asset Management Company (Kotak AMC), the asset manager to Kotak Mutual Fund, has launched an open-ended equity-oriented multi-cap scheme. The Kotak Multicap Fund will invest minimum 25% of its portfolio in large-, mid- and small-cap stocks.   This will be the second...

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Walter Vieira Walter Vieira 09 September 2021
In the days gone by, companies died slowly. It took a long time. It also took a long time to establish companies, especially those that would create a global impact. Thus, you have companies that have been around for a hundred years. There is a company in Japan, which is a thousand years...

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Moneylife Digital Team 09 September 2021
The Banks Board Bureau ((BBB), an autonomous body of the Indian government, has recommended Atul Kumar Goel for the position of managing director (MD) and chief executive officer (CEO) of Punjab National Bank (PNB). Ajay Kumar Srivastava is the candidate on the reserve list for these posts,...

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IANS 09 September 2021
The much-awaited relief package for the telecom sector may bring about a moratorium of around four years on the payment of Adjusted Gross Revenue (AGR).   The moratorium may also be applicable on spectrum payments, sources said.   The measures, if implemented, would be most...

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IANS 09 September 2021
The Reserve Bank of India (RBI) has taken out UCO Bank from the Prompt Corrective Action (PCA) framework and lifted the restrictions.   The decision, however, is subject to certain conditions and continuous monitoring.   In a statement on Wednesday, the RBI said that...

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Moneylife Digital Team 09 September 2021
In a significant order, the Supreme Court, while holding the Railways liable to pay compensation for delays and late arrivals of trains, has asked the North Western Railway to pay Rs30,000 to an aggrieved passenger. In its order, the apex court stated, "These are the days of competition and...

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IANS 08 September 2021
The mutual fund (MF) industry witnessed a big upturn in investor preference for schemes with inflows into equity-linked MF schemes falling sharply from Rs22,583 crore in July 2021 to around Rs8,677 crore in August, the latest monthly data released by the Association of Mutual Funds of India...

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Moneylife Digital Team 08 September 2021
We had mentioned in Tuesday’s closing report that Nifty, Sensex may give up some gains. On Wednesday, the indices were volatile and ended flat. On the NSE, there were 1,062 advances, 918 declines and 1 unchanged.   The trend of the major indices on Wednesday’s trading are given in the...

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IANS 08 September 2021
The Union Cabinet on Wednesday approved the much-anticipated production linked incentive (PLI) scheme for the textiles sector.   Under the scheme incentives worth Rs 10,683 crore will be provided over five years.   According to the government, the move will especially...

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Moneylife Digital Team 08 September 2021
A subscriber of Moneylife forwarded to us an email sent by the office of the banking ombudsman, Delhi with a link to an online survey to evaluate the customer satisfaction level with respect to the complaint resolution process of the ombudsman.    Manish Kapoor (name changed) had...

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Moneylife Digital Team 08 September 2021
After a six-year-long battle, a farmer in Andhra Pradesh finally got justice. In a plea filed by 62-year-old Savithramma from SPS Nellore district, the Andhra Pradesh High Court (HC) sentenced to jail term or penalty, five officers from the Indian Administrative Service (IAS) for not...

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Moneylife Digital Team 08 September 2021
While maintaining a stable outlook on the overall banking sector for the rest of FY21-22, India Ratings and Research (Ind-Ra) says, heightened stress in the retail segment and micro, small and medium enterprises (MSME) would push inflexion point.    In a research report, the ratings...

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IANS 08 September 2021
For easing the process of authentication of electronic records in faceless assessment proceedings, the Centre has amended Income Tax Rules, 1962, to provide that records submitted through account of the taxpayers in the Income Tax Department's portal shall be deemed to have been authenticated...

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IANS 08 September 2021
The Principal Economic Adviser to the Finance Ministry, Sanjeev Sanyal, on Tuesday took to Twitter to say that he has been receiving harassing calls from the Vodafone Idea customer care service to pay his dues after porting his number to some other operator, although all dues have already...

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