DAILY NEWS: OUR PICKS


On 15 October 2023, Tata Consultancy Services Ltd (TCS) intimated to the stock exchanges about the closure of the investigation undertaken by the company, in regard to the allegations that emerged in June 2023 about a scandal in the resources management function (RMG).   When the...

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Moneylife Digital Team 30 November 2023
Charles (Charlie) Thomas Munger, an American businessman, a legend of the investing world, philanthropist, and vice chairman of Berkshire Hathaway, died on 28th November at the age of 99. Warren Buffet, who controlled the Berkshire Hathaway conglomerate, described Mr Munger as his closest...

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Moneylife Digital Team 30 November 2023
Market regulator Securities and Exchange Board of India (SEBI) has imposed a fine of Rs16 lakh on Stock Holding Corp of India Ltd (SHCIL), a designated depository participant (DDP), for non-compliance with rules and regulations, thus failing in fiduciary duties.   In an order, Santosh...

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Shirish Shanbhag 30 November 2023
When your loved ones and relatives, with the best of intentions, nominate you or even have you jointly sign a sale agreement for a property but forget to share a copy of the documents with you, it can be difficult to claim your share in the property. If other claimants raise objections to...

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Moneylife Digital Team 30 November 2023
Ador Welding Limited (AWL) has seven decades of experience in welding products, technology and services. Its product portfolio comprises welding consumables, welding and cutting equipment, gas cutting products, welding automation products and systems (WAPS), personal protective equipment and...

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Moneylife Digital Team 30 November 2023
Narayana Hrudayalaya (NH) reported its slowest y-o-y (year-on-year) sales growth in the past few quarters. Though operating profit margin was better than estimates, resulting in net profit margin expansion. Margin expansion was on the back of improved utilisation, efficiency and better...

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IANS 30 November 2023
The Enforcement Directorate (ED) said on Wednesday that it carried out searches at seven locations in Mumbai, Delhi and Pune in connection with a money laundering case related to a bank fraud to the tune of Rs 22,842 crore involving ABG Shipyard Limited and others.   The financial...

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IANS 30 November 2023
Sam Altman has officially returned to OpenAI as CEO after an intense drama earlier this month, with Microsoft getting a non-voting observer seat on the company’s board.   OpenAI’s new board consists of chair Bret Taylor, Larry Summers, and Adam D’Angelo, the only remaining holdout...

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IANS 30 November 2023
Electric vehicles (EVs) suffer from 79 per cent more maintenance issues than gas or diesel-powered vehicles, while plug-in hybrid EVs have 146 per cent more problems, a new report has found.   According to the nonprofit member organisation Consumer Reports, hybrids have 26 per cent...

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IANS 30 November 2023
Forbes has published its '30 Under 30' list of young entrepreneurs and changemakers who are making a difference in the world for the past 13 years, and an "astonishing number" of these people went on to become cultural tastemakers, tech titans, and even billionaires.   However, some...

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IANS 30 November 2023
Henry Kissinger, the 56th US Secretary of State known to be as one of the most influential foreign policy figures in American history, has passed away at the age of 100.   Without providing a cause of death, his consulting firm Kissinger Associates said that he died on Wednesday at...

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Moneylife Digital Team 29 November 2023
Holding chartered accountant (CA) Nilesh Chheda responsible for professional misconduct as engagement partner (EP) for the fiscal year (FY)16-17 statutory audit (SA) of MAN Industries (India) Ltd (MIIL), the National Financial Reporting Authority (NFRA) has banned the CA for five years from...

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Should sanctioned medical expenditure or claims of senior government officials, which are disbursed from the public treasury, be shrouded in secrecy? No, orders the state information commissioner (SIC) of Maharashtra, debunking the denials by the public information officer (PIO) and first...

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IANS 29 November 2023
The fate of the planned merger between Sony Group Corporation’s India unit and Zee Entertainment Enterprises Ltd may be known as early as next week, according to people familiar with the matter, as the companies face a looming deadline to resolve their standoff or scuttle a long-awaited deal...

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IANS 29 November 2023
Digital payments platform company Alipay, owned by Ant group, is reportedly selling a 3.44% stake in online food delivery platform Zomato and is expected to raise up to $395 million via a block deal.   The shares translate to up to 296.1mn (million) shares, according to a term sheet...

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IANS 29 November 2023
The board of directors of PCBL Limited has approved the acquisition of 2,12,172 shares of Aquapharm Chemicals Private Limited (ACPL), for an aggregate consideration of Rs3,800 crores representing 100% of the issued and paid-up share capital (on a fully diluted basis) of ACPL.   The...

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IANS 29 November 2023
Greater financial literacy, frictionless customer on-boarding and proliferating user-friendly digital platforms have led to a substantial jump in the number of young investors, accounting 70%–80% of active clientele of digital/discount brokers within the 18-30 years age group, according to...

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IANS 29 November 2023
HSBC is facing a 'hit' of more than £6.3bn (billion) as a result of unsecured commercial property loans in China, a UK-based tax consultant has warned, a media report said.   Payments and banking consultant Bob Lyddon branded the situation as a ‘disaster’, and warned of a 'financial...

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IANS 29 November 2023
The Delhi High Court has said that banks should respond diligently to information requests from the Cyber Crime cells of police.   While addressing cases related to fraudulent transactions and duping of customers, Justice Prathiba M Singh directed several banks to submit their...

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IANS 29 November 2023
After 17 days of mega operation, all the 41 workers trapped inside the Silkyara tunnel in Uttarakhand's Uttarkashi were safely extricated on Tuesday evening.   Chief Minister Pushkar Singh Dhami was present at the site, where multiple ambulances and medical teams were kept ready for...

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