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Subhash Chandra Agrawal 12 October 2024
The RTI Act, implemented on 12 October 2005, did wonders in the initial years of its implementation not only by exposing scams and scandals, but also resulted in systematic reforms. However, RTI rules (and not the RTI Act) need important modifications mainly to prevent misuse of the Act and...

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Some 80,000 customer complaints a month about faulty scooters, and a customer frustrated enough to torch a showroom last month, is the kind of stuff that would put a company in fire-fighting mode, while its stock price plummeted. But we live in strange times where companies, even in such deep...

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Many people seem convinced that the India is on track to our becoming a developed nation. The untrammelled bullish case is that we have shed the vulnerabilities that were obvious until 2014 when the Indian economic renaissance burst forth. In this view, a steady gross domestic product (GDP)...

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Moneylife Digital Team 11 October 2024
Ratan Naval Tata, chairman emeritus of Tata Sons, the holding company of Tata group and chairman of Tata Trusts, passed away in Mumbai's Breach Candy Hospital late on Wednesday evening due to health-related issues. He was 86. Tata Sons chairman N Chandrasekaran, in a statement says, “It is with...

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Moneylife Digital Team 11 October 2024
Noel Tata, the half-brother of the late Ratan Tata, will be the next chairman of Tata Trusts. The 67-year-old Noel was chosen by trustees of various Tata Trusts that control the Tata group a joint meeting in Mumbai.   In a statement, Tata Trusts says, "The trustees of various trusts that...

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Moneylife Digital Team 11 October 2024
Ratan Naval Tata, a shy man who was so bored in his initial years with the Tatas that he almost went back to the US, was ignored and sidelined by the chieftains of the different Tata companies and had little opportunity to implement his vision and strategy until he was in his 50s.    From...

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Dr TV Gopalakrishnan 11 October 2024
Low inflation is the key to ensuring fast, equitable economic development and welfare for all.   Control high inflation, bring down the cost of living and cost of production, reduce inequality and realise the dream of the nation to be the most advanced economy by 2047. High inflation kills...

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Moneylife Digital Team 11 October 2024
Atal Setu, also known as the Mumbai Trans Harbour Link (MTHL), has become a key route for heavy vehicles. However, due to a heavy toll of Rs250 for a single journey and Rs375 for a return journey, the 21.8km longest sea bridge sees a substantially lower number of vehicles than what was...

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Chandramouli Mohan 11 October 2024
When was the last time you were hit with a late fee and thought, “Well, this seems fair”? Suppose you missed a loan payment or delayed submitting financial documents to your bank. In that case, you probably know the pain of penal interest—a little extra interest banks used to slap on for your...

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Moneylife Digital Team 11 October 2024
The trends of the major indices in the course of the week's trading are given in the table below:     On Friday, Indian equity markets concluded a volatile session with a downward trend, as the Sensex fell by 230.05 points or 0.28% to close at 81,381.36, and the Nifty declined by 34.20...

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Moneylife Digital Team 11 October 2024
India is the second-largest market for specialty and fine chemicals in the Asia-Pacific region, driven by strong domestic manufacturing capabilities and well-established end-use industries. Specialty chemicals are a vital segment of this, fuelled by increasing demand for value-added products...

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Moneylife Digital Team 11 October 2024
In September 2024, GE T&D India and Larsen & Toubro were the most preferred stocks of Indian mutual funds. The net purchases of GE T&D India were Rs3,803 crore. Tata Motors and Trent were the most sold stocks. The net sales of Tata Motors were Rs1,988 crore and net sales of Trent were Rs931...

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Moneylife Digital Team 11 October 2024
The Indian pharma market is a branded generic market which is serviced through a fragmented and complex supply chain. More than 3,000 pharma marketing companies serve the market through a network of over 65,000 distributors and 900,000 retailers supporting over 100,000 stock-keeping units...

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Moneylife Digital Team 11 October 2024
INDIAN MARKET TRENDS From 4th October to 10 October 2024, ML Mid-cap Index and ML Large-cap Index rose 1% each. ML Mega-cap Index, ML Small-cap Index, and ML Micro-cap Index, the NIFTY and the Sensex ended flat.                                    FUND FLOWS Foreigners: Foreign...

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Moneylife Digital Team 11 October 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 11 October 2024
The Mumbai zonal office of the directorate of enforcement (ED) has provisionally attached immovable assets worth around Rs1,002.79 crore in the case of Dnyanradha Multistate Co-operative Credit Society Ltd (DMCCSL), Suresh Kute and others under the provisions of the Prevention of Money...

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Ratna Singh (Bar  and   Bench) 11 October 2024
Mahesh Langa, a journalist with The Hindu, has approached the Gujarat High Court challenging a magistrate's decision to remand him to police custody for ten days, after his 8th October arrest in a case involving allegations of Goods and Services Tax (GST) fraud.   On Friday, the matter was...

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Moneylife Digital Team 11 October 2024
Market regulator Securities and Exchange Board of India (SEBI) extended the deadline to implement guidelines mandating the direct payout of securities to clients' demat accounts to 11th November from 14 October 2024. SEBI also revised the timing of the payout of securities to 3:30pm from 1:30pm...

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In today's digital era, artificial intelligence (AI) is transforming how businesses and consumers interact. From chatbots handling customer service inquiries to advanced AI agents facilitating banking transactions, conversational platforms are increasingly integrated into daily life. However,...

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Moneylife Digital Team 11 October 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs9 lakh on four cooperative banks for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs5 lakh has been imposed on Himachal Pradesh-based Parwanoo Urban Cooperative Bank Ltd.   Other banks...

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