DAILY NEWS: OUR PICKS


Moneylife Digital Team 30 September 2022
In this article, we take a look at how small-cap mutual fund (MF) schemes have fared during the past 10 years and give you a shortlist of the best performing schemes. Our research shows that the following five schemes have given highest rolling returns and reported high, positive alpha since...

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Sucheta Dalal Sucheta Dalal 30 September 2022
Now that the Gujarat International Finance Tec-City (GIFT City) is out of the shadows of the beleaguered Infrastructure Leasing and Financial Services (IL&FS), it is finally on its way to achieve a part of the promise showcased at Vibrant Gujarat in 2007, just before the global financial...

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Moneylife Digital Team 30 September 2022
Established in 1980, Electronics Mart India Ltd (EMIL) is the fourth largest consumer durables and electronics retailer in India. As of FY20-21, it was the largest regional organised player in the southern India in terms of revenue. Its operations are largely concentrated in the states of...

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Vinita Deshmukh Vinita Deshmukh 30 September 2022
Inward and outward register of the police has records of all communications made and received by the department by post and hand delivery. Citizens, who file grievances in police stations have the right to see the progress of their complaints, which is possible with the open access of these...

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Moneylife Digital Team 30 September 2022
Express operates an asset-light business model with B2B (business-to-business) revenue share of 95%. Micro, small and medium enterprises (MSME) and corporate clients contribute 50:50 revenue share, as of Q1FY22-23. It was demerged from Transport Corporation of India (TCI) in 2016 and listed...

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Moneylife Digital Team 30 September 2022
After maintaining the status quo for small savings rates for 27 months (nine quarters), the finance ministry has hiked interest rates on some of the small savings schemes for October-December.   Interest rates were marginally hiked for 2-year and 3-year time deposits, senior citizens...

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Yazdi Tantra Yazdi Tantra 30 September 2022
Many sites capture our email id and other personal data for various reasons, some legitimately and others illegitimately. Saymine.com helps you take ownership of your personal data. You can use Mine’s smart data assistant to discover and manage your digital footprint. Use it frequently to...

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IANS 30 September 2022
The tokenisation of debit/credit card details will happen from October 1 onwards even though there may be laggards unwilling to comply with the regulations, said a senior official of the Reserve Bank of India (RBI).   According to RBI Deputy Governor T. Rabi Shankar, a total of 35...

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Amitabha Banerjee Amitabha Banerjee 30 September 2022
I reached Indian Institute of Technology (IIT) Kharagpur (KGP) as a fresher with a great deal of trepidation. No, I was not worried about missing the comforts of home. The monster that scared me was – ragging.   I had heard many horror stories about the brutality of ragging at other...

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Moneylife Digital Team 30 September 2022
RHI Magnesita India Limited (RHIM), is a 70% subsidiary of RHI Magnesita N.V, headquartered in Vienna (Austria) and a global leader in refractories with the largest number of manufacturing locations around the world. RHIM, formed with merger of three entities in 2021, manufactures and markets...

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Moneylife Digital Team 30 September 2022
As expected, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Friday increased the repo rate by 50 basis points (bps) to 5.90%. Consequently, the standing deposit facility (SDF) rate stands adjusted to 5.65% and the marginal standing facility (MSF) rate and the bank...

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IANS 30 September 2022
A Goods and Services tax (GST) evasion worth Rs 824 crore has been detected against 15 insurance companies as well as several non-banking financial companies (NBFCs).   According to sources privy to developments, these companies were reportedly found to be availing input tax credit...

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Moneylife Digital Team 29 September 2022
Oracle Corporation paid a bribe of more than US$400,000 to officials from a company owned by the Indian ministry of railways in 2019, during the tenure of Union minister Piyush Goyal. This explosive detail is part of the settlement negotiated by Oracle with US Securities and Exchange...

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IANS 29 September 2022
The finance ministry on Thursday clarified that premature closure of an account under the Senior Citizens' Savings Scheme (SCSS) does not get triggered due to the death of account-holder, but is applicable only when the account holder requests for the account's closure before the maturity...

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Moneylife Digital Team 29 September 2022
Here is some bad news for those who want to visit the US on a non-immigrant visa. In India, the waiting time for an appointment for a visitor visa is a minimum of 582 days at Hyderabad to 848 days at the US consulate in Mumbai. In comparison, the waiting period for US visitor visas in Beijing...

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Yogesh Sapkale Yogesh Sapkale 29 September 2022
With the Reserve Bank of India (RBI)'s deadline for card tokenisation ending on 30th September (unless it is extended again), many debit and credit card-holders are worried about making payments online after 1st October. As per RBI's framework for card-on-file (CoF) tokenisation (CoFT),...

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Moneylife Digital Team 29 September 2022
The enforcement directorate (ED) has virtually 'exonerated' Republic TV and R. Bharat—English and Hindi news channels owned by Arnab R Goswami, but the agency has booked 16 others of various private television channels and a market research group, for alleged money-laundering charges in the...

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IANS 29 September 2022
The enforcement directorate (ED) on Thursday said it has frozen the bank balance to the tune of Rs21.14 crore of OctaFx and related entities in the case of illegal online forex (foreign exchange) trading through international brokers namely OctaFx trading app and website octafx.com under FEMA...

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Moneylife Digital Team 29 September 2022
Capital market regulator Securities and Exchange Board of India (SEBI) has cancelled the registration of stockbroker Ficus Securities for mis-managing clients' funds and securities. The stockbroker flouted regulatory norms during the period April 2015 to January 2018, SEBI said in its order....

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IANS 29 September 2022
Cyber-security researchers on Wednesday revealed that hackers have compromised the swachh.city platform, an initiative of the swachh bharat mission in association with the ministry of housing and urban Affairs, that could put 'critical information' of nearly 16mn (million) users at...

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