Issue of 9th Aug-15th Aug 2019
LEAD ARTICLE
financial magazines online
Absence of Financial Sector Resolution Process Could Stymie IL&FS’s Asset Distribution: Rs50,000 Crore Recovery Anticipated
The anticipated recovery of nearly Rs50,000 crore from the resolution of the beleaguered Infrastructure Leasing & Financial Services (IL&FS) is unlikely to fix the problem over its default. In the absence of a clear financial sector resolution process, actual disbursement of the funds recovered could remain stuck in a legal quagmire, unless... Read More
STOCKS
As a software-services company, Larsen & Toubro Infotech Limited (LTI) divides its business into two clusters: industrials and services. The industrials cluster caters to energy & utilities, consumer packaged goods (CPG), retail, pharmaceuticals & others, hi-tech and manufacturing. The...
Moneylife Digital Team
MUTUAL FUNDS
Net inflows into equity mutual fund (MF) schemes continued to rise, at Rs8,112 crore in July 2019, according to the Association of Mutual Funds in India (AMFI). Gross inflows were Rs20,319 crore while redemptions were Rs12,207 crore.   There was a significant revival in inflows of...
Clinton Fernandes
FIXED INCOME
India Infoline Finance (IIFL Finance) plans to raise Rs1,000 crore from the public through the issue of secured and unsecured non-convertible debentures (NCDs). Subscriptions to tranche-2 of the issue of the NCDs commenced on 6 August 2019 and will end on 30 August 2019, or earlier, at the...
Moneylife Digital Team
LEGAL
On 14 June 2019, the National Consumer Disputes Resolution Commission (NCDRC) gave a stunning order which issued a stern warning to ICICI Prudential Life Insurance (ICICI Pru) and slapped a cost of Rs5 lakh on it for rejecting a legitimate claim based on a ‘suspicious medical certificate’...
MOBILE APPS
HEALTH
Eating more plant-based foods and less animal products lowers the risk of death due to cardiovascular diseases, a new study has concluded. Published in the Journal of the American Heart Association, this new research emphasises the importance of plant-based diet for better heart health and a...
Akshay Naik
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