DAILY NEWS: OUR PICKS


Amid confusion over the involvement of the goods train present at the accident site in Odisha's Balasore on Friday evening, the Railways on Saturday said that Coromandel Express that was going towards Chennai first derailed and collided with the stationery goods trains while some of its...

Read More



The death toll in the tragic train derailment in Odisha's Balasore district has increased to 261, with around 900 people injured, the South Eastern Railway said on Saturday. Union Railway Minister Ashwini Vaishnaw on Saturday morning visited the accident site and announced a detailed...

Read More



I wrote last week that the Supreme Court (SC)-appointed expert committee on the Adani-Hindenburg Research saga had ended up making a powerful legal case for why the Securities & Exchange Board of India (SEBI) would draw a blank (Adani Stock Saga: Clean Chit by SC Committee Raises Questions &...

Read More



The year was 1993; I was working at CRISIL Ltd. That year, we saw quite a few interesting ‘structured’ obligations that had come to us for rating. One, that was my favourite, was this:   Lokhandwala Construction Industries Ltd (LCIL), a reputed builder, announced a large housing project...

Read More



Shirish Shanbhag 02 June 2023
Using a 'gift deed' to transfer a flat or immovable property, either as a whole or in partial, has been common practice for owners, as it minimises the chances of dispute in property inheritance cases. Unlike a will, the gift deed is immediately executable and one does not require a court...

Read More



Forget about the organised and large-scale duping or cheating of people that emanates from scam clusters such as Jamtara or Mewat, cybercrime today is a sophisticated business that regularly updates itself and its tools. Using the latest malware or trojans, new-age cybercriminals manage to...

Read More



Naresh quit his assistant vice-president (AVP) position in Citibank to head up retail in a new bank being set up in Dubai.   On his first morning at work, he was greeted by the vice-chairman (VC), who was in charge of the bank project.   “Congratulations and welcome, Naresh. ...

Read More



(This was written ten years ago – but is still relevant at present).   I admire Kiran Karnik for his insightful views on people and affairs. He was the head of NASSCOM (National Association of Software and Services Companies), for some years. In a recent article, he suggested that...

Read More



Moneylife Digital Team 02 June 2023
Devyani International (Devyani) reported good numbers in Q4FY22-23 supported by KFC and CC (Costa Coffee) growth and rapid store expansion. The sentiment of consumers continued to be weak. It has on-boarded Pizza Hut (PH) on ONDC (open network for digital commerce) platform and is working...

Read More



The Reserve Bank of India (RBI) on Friday issued a draft master direction on cyber resilience and digital payment security controls for payment system operators.   The central bank has sought comments on the draft guidelines till June 30. These can be sent through email or post to the...

Read More



Moneylife Digital Team 02 June 2023
In FY22-23, the total value of defence production in India surpassed the Rs1trn (trillion) mark, registering a growth of 12% y-o-y (year-on-year). This significant achievement has been duly mirrored in the stock market, as companies operating in the defence sector experienced substantial...

Read More



Moneylife Digital Team 02 June 2023
Info Edge (India) Ltd, the owner of Naukri, has started a forensic audit of Broker Network (operated by 4B Networks Pvt Ltd) founded by Rahul Yadav for repeatedly failing to provide information on financial transactions and transactions with related parties, among other things. Allcheckdeals...

Read More



One of the women grapplers, who have levelled sexual harassment allegations against Wrestling Federation of India (WFI) chief Brij Bhushan Sharan Singh, has accused him of touching her inappropriately.   In the FIR filed by the Delhi Police, the wrestlers have given the details of the...

Read More



Moneylife Digital Team 01 June 2023
Here is some good news for customers who are unnecessarily forced to share their mobile numbers by shopkeepers while buying products from the shop. In an advisory, the Union ministry of consumer affairs has warned shopkeepers not to demand mobile numbers from customers.   In the...

Read More



Moneylife Digital Team 01 June 2023
Technical glitches on the income-tax (I-T) portal continue to give a hard time to taxpayers as well as tax professionals. Citing heavy traffic, the I-T department announced providing a couple of days for filing the statement of financial transactions (SFT), erstwhile annual information...

Read More



Irate villagers of Karjat-Hastpokhari in Maharashtra's Jalna district recently 'lifted up' a newly-laid road under the Prime Minister Rural Road Scheme, ostensibly to highlight the poor quality of construction of the village thoroughfare.   An undated video of the villagers accusing...

Read More



Moneylife Digital Team 01 June 2023
A rise in risk appetite among Indian banks highlights the importance of assessing individual banks' ability to withstand both expected and unexpected balance-sheet stress as part of an analysis of their intrinsic creditworthiness, says Fitch Ratings.   Indian banks' loan growth over...

Read More



Market regulator, the Securities and Exchange Board of India (SEBI) has cancelled the certificate of registration of Karvy Stock Broking (KSBL).   SEBI had received a preliminary report dated 22 November 2019, from the National Stock Exchange (NSE), containing its observations of the...

Read More



In response to the importance of swift disembarkation during emergencies, the directorate general of civil aviation (DGCA) has directed airline operators to incorporate comprehensive protocols in their operations, safety and emergency procedures manual.   A circular has been issued to...

Read More



Moneylife Digital Team 01 June 2023
Market regulator Securities and Exchange Board of India (SEBI) has imposed a fine of Rs30 lakh on Indore-based CapitalVia Global Research Ltd and two directors, Kiran Ravindra Kumar Choudhary and Rohit Gadia, for charging exorbitant fees from clients for investment products or services...

Read More

Free Helpline
Legal Credit
Feedback