DAILY NEWS: OUR PICKS


IANS 22 February 2024
The enforcement directorate (ED) carried out raids at multiple offices of the realty major Hiranandani group, for alleged violations of FEMA (Foreign Exchange Management Act) rules, official sources said here on Thursday.   The raids and searches were going on at the Hiranandani group...

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Shirish Shanbhag 22 February 2024
Many small business owners prefer opening their place of business near their residence or even operating from within. While this might be permissible for some categories of business, commercial activities of most kinds are not to be allowed in residential premises without the express...

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It’s all good for the Opposition political parties to cry foul about the ruling government’s questionable RTI Amendment Act of 2019, wherein the appointment and tenure of information commissioners have been diluted; but what stops the former from tenaciously pursuing it, particularly when the...

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IANS 22 February 2024
The Haryana Real Estate Regulatory Authority (RERA), Gurugram, has imposed a penalty of Rs25 lakh on the promoter of Yashvi Homes Private Limited for publishing a 'misleading advertisement' about a Deen Dayal Awas Yojana (DDJAY) project in a mainstream daily.   The promoter is...

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IANS 22 February 2024
The Cabinet committee on economic affairs (CCEA) chaired by Prime Minister Narendra Modi on Wednesday approved an 8% increase in the fair and remunerative price (FRP) of sugarcane to Rs340 per quintal for the sugar season 2024-25.   The revised prices will be applicable with effect...

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IANS 22 February 2024
As Paytm Payments Bank announced to shift its nodal account to Axis Bank by opening an escrow account, speculations started on which bank or financial services major is vying to get what businesses at the Paytm subsidiary as the Reserve Bank of India's (RBI) March 15 deadline...

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Moneylife Digital Team 22 February 2024
GPT Healthcare (GPT) is a regional corporate healthcare company in eastern India. This chain of mid-sized full-service hospitals operates under its brand, ILS, providing integrated healthcare services, with a focus on secondary and tertiary care. As of 30 September 2023, it operates four...

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IANS 22 February 2024
Key investors in ed-tech major Byju's will go ahead with the extraordinary general meeting (EGM) on Friday for a vote to remove Byju Raveendran as the company's chief executive officer (CEO), amid a court order that any decision, taken during the EGM, "shall not be given effect to till the...

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IANS 22 February 2024
The Pension Fund Regulatory and Development Authority (PFRDA) has notified the amended Trustee Bank and Central Recordkeeping Agency regulations in order to protect the National Pension System subscribers from fraud, reduce the cost of compliance and enhance the ease of doing...

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Moneylife Digital Team 22 February 2024
Max Healthcare Institute (Max) reported 13th consecutive quarter of y-o-y (year-on-year) growth. Also, the company managed to grow ARPOB (average revenue per occupied bed) and EBITDA (earnings before interest, taxation, depreciation and amortisation) per bed sequentially, despite the third...

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Moneylife Digital Team 22 February 2024
Market regulator Securities and Exchange Board of India (SEBI) has barred Santhoshkumar Ravi (noticee) of B4Trading Tamil (B4TT) for six months for providing unregistered investment advisory services. While slapping a fine of Rs1 lakh, SEBI also asked Mr Ravi to refund Rs29.99 lakh collected...

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Moneylife Digital Team 22 February 2024
Market regulator Securities and Exchange Board of India (SEBI) has issued warning letters to four entities offering illegal investment advisory to investors. Entities that SEBI had warned in February are EHGTips/Earn in Hidden Gems (proprietor Manik Katyal) from Ambala, Haryana,...

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IANS 22 February 2024
The Karnataka High Court on Wednesday ordered that any resolutions, proposed to be passed in the Friday meeting called by select Byju's investors to remove its founder Byju Raveendran as CEO and appoint a new board, are invalid until the final hearing and disposition of this...

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Moneylife Digital Team 22 February 2024
Action Construction Equipment (ACE) has demonstrated exceptional performance with five quarters of consecutive sequential revenue growth and significant margin expansion, thanks to India’s ongoing infrastructure boom. The management has upgraded growth outlook and is taking action for further...

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Moneylife Digital Team 21 February 2024
As part of its investigation into the founders of Zee Entertainment Enterprises Ltd (ZEEL), market regulator Securities and Exchange Board of India (SEBI) found that about Rs20bn (billion) or US$241mn (million) may have been diverted from the company, says a report quoting people familiar...

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IANS 21 February 2024
Finance minister (FM) Nirmala Sitharaman chaired the meeting of the Financial Stability and Development Council (FSDC) on Wednesday which discussed the issues related to India’s macro financial stability and the preparedness to deal with them.   The FSDC also discussed plans to...

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Moneylife Digital Team 21 February 2024
While bank account takeover represents more than half of all fraud cases for customers in India, there is a concerning bump in mule accounts used in these frauds, according to a report.    BioCatch, a leader in digital fraud detection powered by behavioural biometric intelligence,...

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Moneylife Digital Team 21 February 2024
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs3 lakh on Kotak SEAF India Fund, Kotak Alternate Asset Managers Ltd and Kotak Mahindra Trusteeship Services Ltd (noticees) for violating Venture Capital Funds (VCF) Regulations in the case of India...

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Moneylife Digital Team 21 February 2024
The Pension Fund Regulatory and Development Authority (PFRDA) has notified the amendments to the regulations of the National Pension System (NPS) Trust and the Pension Fund to reduce the cost of compliance and enhance the ease of doing business. As per the official statement issued on...

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Moneylife Digital Team 21 February 2024
While upholding orders passed by the Gautam Buddha Nagar district consumer disputes redressal forum and the Uttar Pradesh state consumer disputes redressal commission, the national consumer disputes redressal commission (NCDRC) directed IFFCO-Tokio General Insurance Company Ltd to pay...

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