Issue of 20th Nov-26th Nov 2023
Moneylife Online Magazine
Financial Frauds Caught in a Farcical Recovery Process: Sahara, Pancard & PACL
The manner in which the Indian government, across political formations, deals with large financial frauds is a wonderland that would stump Lewis Carroll himself. Take the example of Sahara and Pancard Club or even PACL. After the death of Sahara founder Subrata Roy on 14th November, the government has quickly begun to explore the possibility... Read More
On 14 November 2023, when the Sahara group founder, Subrata Roy died, hundreds of questions about this strange business group remained unanswered. The Sahara story consists of Mr Roy's grandiose dreams, shocking controversies and inflow of tens of thousands of crore rupees from crores of...
Goodluck India (Goodluck) reported a robust quarter, with double-digit sales growth and a significant expansion in net profit margins. While all segments experienced revenue growth, the auto tube segment was a standout performer. The company has an order-book visibility spanning the next...
Moneylife Digital Team
Yasho Industries Limited (Yasho) manufactures a variety of chemicals that can be broadly classified as food antioxidants, rubber accelerators, lubricant additives, aroma chemicals and specialty chemicals. Its products are used as intermediates in end-user industries of pharmaceuticals,...
Moneylife Digital Team
Genus Power (Genus) has two business divisions: metering division and engineering construction & contracts division offering solutions to the power sector. It is the only company in India which has been awarded the prestigious Bureau of Indian Standards (BIS) licence for gas meters. With a...
Moneylife Digital Team
Flair Writing Industries Ltd (Flair) is one of the leading entities in writing instruments industry in India. With revenue of ₹915.55 crore in FY22-23, it holds a market share of around 9% in the broader writing and creative instruments industry in India, as of 31 March 2023. According to...
Moneylife Digital Team
Fedbank Financial Services Ltd (Fedbank) is a retail-focused non-banking finance company (NBFC) promoted by The Federal Bank Ltd. Among the lenders to micro, small and medium enterprises (MSMEs) and those lending against gold, it has third lowest cost of borrowing. As of 31 March 2023,...
Moneylife Digital Team
Tata Technologies Ltd (TTL) is a global engineering services company which provides product development and digital solutions, including turnkey options, to worldwide original equipment manufacturers (OEMs) and their tier-1 suppliers. With domain expertise in the automotive industry, TTL...
Moneylife Digital Team
Indian Renewable Energy Development Agency (IREDA) is a wholly-owned government of India (GoI) enterprise under the administrative control of the ministry of new and renewable energy (MNRE) and was notified in 1995 as a ‘public financial institution’ (PFI) under Section 4A of the Companies...
Moneylife Digital Team
Incidents of cyber fraud and data breaches have increased at such an alarming pace that earlier this week, M Rajeshwar Rao, deputy governor of the Reserve Bank of India (RBI), asked banks to improve their customer grievance mechanism and provide the right support to those who are affected....
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