DAILY NEWS: OUR PICKS


Moneylife Digital Team 20 September 2021
The number of ‘unicorns’ has surged in India in recent years, enabled by the rise of the internet ecosystem, availability of private capital and favourable regulatory environment. This year, the amount of money raised through initial public offerings (IPOs) has reached the equivalent of US$10...

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Moneylife Digital Team 20 September 2021
Paying heed to the concerns raised by several organisations over the possibility of failure of millions of e-mandates or auto-debits because all banks have not upgraded their systems, the Reserve Bank of India (RBI) had extended the compliance timeline by six months in April this year. Now...

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IANS 20 September 2021
Amazon, the world's largest online retailer, has initiated an investigation into the conduct of its legal representatives in India, The Morning Context reported.   This investigation comes on the back of a whistleblower complaint alleging that certain monies paid by Amazon in legal...

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Moneylife Digital Team 20 September 2021
Private equity (PE) investor Advent International is buying a controlling stake in Eureka Forbes Ltd, a group company of the Shapoorji Pallonji group (SPG). The transaction values Eureka Forbes at an enterprise value of Rs4,400 crore, subject to closing adjustments.   In a statement,...

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Yazdi Tantra Yazdi Tantra 17 September 2021
Numerical presents the universe in numbers. It aspires to bring an entirely different way for the world to consume, engage and interact with information. It does so by blending the two most powerful technologies of our generation—data and social media.   From agriculture, art and...

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Moneylife Digital Team 17 September 2021
The standard narrative of most talk shows, media articles and investor presentations suggests consolidation in the real estate market. The general perception is that the demonetisation and introduction of the Real Estate Regulatory Authority Act (RERA) and goods and service tax (GST)...

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Clinton Fernandes 17 September 2021
Asset management companies, Aditya Birla Sun Life AMC and ICICI Prudential AMC, have recently launched a new type of open-ended debt scheme that comes with a maturity date.    We will review the two schemes–ABSL Nifty SDL Plus PSU Bond Sep 2026 60:40 Index Fund and ICICI Pru PSU Bond...

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Clinton Fernandes 17 September 2021
HDFC Asset Management, the asset manager to HDFC Mutual Fund, has launched a new fund-of-funds (FoF) that will indirectly invest in 23 developed markets globally.   This is a unique scheme that offers exposure to various markets abroad under the same roof. Let us find out more about...

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Amitabha Banerjee Amitabha Banerjee 17 September 2021
At long last, Diego Alphonso Dias, known in our bank as DAD, bought our case for a third man in the dealing room, based on the logic that two dealers were needed to do forex trading, one at the Reuters monitor to track the rates and the other at the telex doing the deals. Two months of the...

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Sucheta Dalal Sucheta Dalal 17 September 2021
Over the past few years, 80-odd companies have faced the ignominy of having their decisions overturned by collective action of institutional or retail investors. In a remarkable case last week, which could be a turning point of sorts in the battle for better management accountability, large...

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Moneylife Digital Team 16 September 2021
The Indian government has decided to set up National Asset Reconstruction Co Ltd (NARCL) to aggregate non-performing assets (NPAs) in banks’ balance sheets and manage and dispose them professionally. "Along with NARCL, we are also setting up an India Debt Resolution Co Ltd (IDRCL)," says...

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Moneylife Digital Team 16 September 2021
The enforcement directorate (ED) on Thursday raided the home and office of Harsh Mander, a retired officer from the Indian Administrative Services (IAS) and human rights and peace worker. Interestingly the raids were carried out hours after the social activist and his wife left for Germany...

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Moneylife Digital Team 16 September 2021
With the Supreme Court mentioning (SC) the removal order as ‘awkward’, the Union government agreed to allow justice Ashok Iqbal Singh (AIS) Cheema to continue as acting chairperson of the National Company Law Appellate Tribunal (NCLAT) until 20 September 2021. Justice Cheema had approached...

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Vinita Deshmukh Vinita Deshmukh 16 September 2021
The High Courts have a poor record of proactive disclosures under section 4 of the Right to Information (RTI) Act in terms of implementation and quality of dissemination of such information on their respective websites. This can be gauged from the fact that only 15 of the 24 High Courts have...

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Moneylife Digital Team 16 September 2021
Abhay Bhutada, managing director (MD) and chief executive officer (CEO) of Poonawalla Fincorp Ltd (erstwhile Magma Fincorp) has resigned soon after market regulator Securities and Exchange Board of India (SEBI) barred him and seven others for insider trading in Magma Fincorp just before the...

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Moneylife Digital Team 15 September 2021
In a curious turn of events, Inveso Developing Market Funds, which was welcomed by Zee Entertainment managing director (MD), Punit Goenka (elder son of Zee group founder Subhash Chandra), as a major investor in 2019, has now turned on him.   At Zee Entertainment, two largest...

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Moneylife Digital Team 15 September 2021
"Look at the name; it is the Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund). It is not Modi care fund. If it was the Modi care fund, we would not have asked for the information. It is the prime minister and the PM is a public authority, a...

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Moneylife Digital Team 15 September 2021
Demergers, especially in the chemicals sector, have been value-accretive for investors. Jubilant Ingrevia, Fairchem Organics, Privi Speciality Chemicals, Aarti Surfactants and the recently listed Meghmani Finechem are some of the stocks that have delivered enormous returns. Another stock,...

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Moneylife Digital Team 15 September 2021
Giving a significant relief to telecom service operators, the Union Cabinet on Wednesday announced a moratorium or deferment of up to four years in annual payments of dues arising out of the adjusted gross revenue (AGR) judgement or spectrum payments. The Cabinet meeting headed by prime...

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Moneylife Digital Team 15 September 2021
A generous regulatory approach to stressed-loan restructuring will reduce incurred-loss provisioning and enable Indian banks to spread the related credit costs over a longer period of four years, resulting in a more manageable impact on profitability and capital, says Fitch Ratings. The...

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