DAILY NEWS: OUR PICKS


Moneylife Digital Team 23 October 2021
Man Industries (India) Limited (MIL) is one of the largest manufacturers and exporters of longitudinal submerged arc welded pipes (LSAW) and HSAW (Helical SAW) pipes used for various high-pressure transmission applications in gas, crude oil, petrochemical products and potable water. It has an...

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Sucheta Dalal Sucheta Dalal 22 October 2021
One outcome of the devastating, once-in-a lifetime pandemic is a grim realisation about our lack of preparedness for unexpected tragedies. Those who have lost loved ones over the past 20 months had to run the harrowing gauntlet of succession issues, while trying to come to terms with their...

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Moneylife Digital Team 22 October 2021
The Reserve Bank of India (RBI) on Friday issued revised regulatory framework for scale-based regulation (SBR) for non-banking finance companies (NBFCs). The revised ceiling on initial public offering (IPO) funding will come into effect from 1st April, while its guidelines would come into...

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Moneylife Digital Team 22 October 2021
SREI Mutual Fund Asset Management Pvt Ltd (SREI AMC) has surrendered the registration certificate granted to SREI Mutual Fund Infrastructure Debt Fund (IDF) by the Securities & Exchange Board of India (SEBI).   In a release, the market regulator says it has accepted the request for...

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Moneylife Digital Team 22 October 2021
The Bombay High Court (HC) on Friday reserved its judgment in the dispute between Zee Entertainment Enterprises Ltd (ZEEL) and the company’s majority stakeholder Invesco Developing Markets Fund and OFI Global China, who are seeking an extraordinary general meeting (EGM). During the hearing,...

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Maya M 22 October 2021
ICICI Prudential Asset Management Company (AMC), the asset manager to ICICI Prudential Mutual Fund, has floated a new open-ended, small-cap index scheme. The ICICI Prudential Smallcap Index scheme seeks to track returns by investing in a basket of Nifty Smallcap 250 Index stocks and aims to...

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Walter Vieira Walter Vieira 22 October 2021
In a changing world, exits from personal and commercial relationships need to be pleasant. Or, as pleasant as can be, in the given circumstances. Fifty years ago, there were not as many exits as they are now. Also, the possibility of the two parties crossing paths with each other were remote....

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Dr Rajendra M Ganatra Dr Rajendra M Ganatra 22 October 2021
Project finance is a structure in which financing for the project is secured and serviced by the project’s assets and cash-flows. A typical project finance structure entails no recourse to the promoter’s existing business except that the promoter undertakes to set up the project as planned...

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Annie Waldman  and   Bianca Fortis (ProPublica) 22 October 2021
This story was originally published by ProPublica.   The Education Department’s limited tracking of $190 billion in pandemic support funds sent to schools has left officials in the dark about how effective the aid has been in helping students.   After the pandemic shut down...

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R Balakrishnan R Balakrishnan 21 October 2021
Building or creating wealth is a question before a lot of people. They have now progressed to having a steady income stream, probably as a beneficiary of the groundwork laid by the previous generation. There is no pressure on the income that is earned—they have large surpluses. This set of...

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Moneylife Digital Team 21 October 2021
Market regulator, Securities and Exchange Board of India (SEBI), has warned registered investment advisers (IAs) not to engage in the unregulated activity by providing a platform for buying, selling or dealing in unregulated products, including digital gold.   In a statement, the...

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Moneylife Digital Team 21 October 2021
Regulated coal supplies to non-power sectors and allowing participation of captive miners amid an increase in production by the critical supplier—Coal India—may help corporate India avoid what appeared to be a major power crisis in the making until recently. However, the threat still looms...

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Vinita Deshmukh Vinita Deshmukh 21 October 2021
In this 16th year of the Right to Information (RTI) Act 2005, the one thing that continues to cripple the Act’s efficacy is the pathetic performance of information commissioners (ICs), reflected in the backlog of second appeals and complaints piled up across the country. As of now, a whopping...

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Moneylife Digital Team 21 October 2021
The Bombay High Court (HC) on Thursday asked Zee Entertainment Enterprises Ltd (ZEEL) to call an extraordinary general meeting (EGM) as requested by Invesco Developing Markets Fund (Invesco) and OFI Global China Funds (OFI), the largest shareholders in the company.    However, the HC...

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Moneylife Digital Team 21 October 2021
Jubilant Ingrevia Ltd (JIL) is a classic example of what happens when a high-growth company delivers results below market expectations. After the results were announced, the stock tanked 14% from the previous day’s close, erasing all the gains of one month in an hour. We have previously...

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The Supreme Court on Thursday reiterated that farmer groups have the right to protest, but they cannot keep roads blocked indefinitely. The top court has sought response from Samyukt Kisan Morcha (SKM), an umbrella body of farmer unions, and other farmer unions on a petition filed by a woman...

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Moneylife Digital Team 21 October 2021
Edible oil inflation in India will remain in double digits in the near term, even with the recent steep cuts in the import duty by the government due to the country's high import dependence on edible oils, says a research note. Vegetable oil has been among the top-10 principal commodities in...

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The Reserve Bank of India has imposed monetary penalties on two payment system operators -- Paytm Payments Bank Ltd (PPBL) and Western Union Financial Services Inc (WUFSI) -- as deficiencies were found in regulatory compliance.   The RBI imposed a Rs 1 crore monetary penalty on Paytm...

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Moneylife Digital Team 20 October 2021
The production linked incentive (PLI) scheme has given a much-needed booster dose to flailing capital expenditure (capex). Without it, capex would have likely taken nearly two years to touch pre-pandemic levels. The actualisation of the scheme will result in aggregate industrial capex rising...

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Moneylife Digital Team 20 October 2021
Coming down heavily on tax officials, the Bombay High Court (HC) has warned that it will impose substantial cost if the income tax (I-T) department continues to pass orders "without application of mind."   In a strongly worded order, the bench of justice KR Shriram and justice Amit B...

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