DAILY NEWS: OUR PICKS


Gold futures on India’s Multi Commodity Exchange (MCX) rose to Rs 72,423 per 10 grams on Friday for June 5 delivery, tracking the rally in the international market which saw the price of the precious metal soar to a new lifetime high at $2,395.29 per ounce.   Gold futures on MCX recorded an...

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These days, all of us have multiple devices—maybe a phone and a tablet, a phone and a computer or even multiple phones. It is always a struggle to keep the devices in sync, especially for important files and folders.                                         Syncthing is a very simple...

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Moneylife Digital Team 11 April 2024
State Bank of India (SBI), the country's largest State-run lender, is at it again. In its latest replies under the Right to Information (RTI) Act, SBI refused to provide information on legal expenses and fees paid to senior counsel Harish Salve in the electoral bonds (EBs) case.    Two...

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While citizens are protesting and campaigning against the indiscriminate tree felling in various cities, under the excuse of road-widening or other concretised development, a Nagpur citizen’s second appeal under the RTI Act has had the information commissioner come down hard on the Nagpur...

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Moneylife Digital Team 11 April 2024
While upholding orders passed by fora below, the national consumer disputes redressal commission (NCDRC) directed Central Bank of India to pay Rs30,000 as compensation to a home loan borrower for increasing his equated monthly instalment (EMI) to a higher amount from the 83rd out of the 93rd...

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The Securities and Exchange Board of India (SEBI) has issued a settlement order to Utkarsh Small Finance Bank on the payment of Rs1.24 crore by the lender.   SEBI had issued a show-cause notice (SCN) dated March 2023, to Utkarsh Small Finance Bank whereby the markets regulator had alleged...

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Moneylife Digital Team 11 April 2024
India ranks as the third-largest producer and consumer of electricity, globally, with an installed power capacity of 423.25GW (gigawatt) as of 31 July 2023. The country's renewable energy capacity, including hydro, reached 177.73GW by the same date, accounting for 41.9% of the total installed...

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The Calcutta High Court has directed the execution of a foreign award against Hindustan Copper Ltd (HCL) in India that had arisen out of a two-tier arbitration in relation to an agreement between HCL and US-based Centrotrade Minerals and Metals Inc for the supply of copper concentrate.   As...

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Moneylife Digital Team 11 April 2024
The Securities and Exchange Board of India (SEBI) has imposed a fine of Rs2 lakh on Williamson Magor and Company Ltd (WMCL) for tardiness in disclosing the default on interest payment and redemption of debentures, as well as for delays in revealing encumbrances on shares created and failing to...

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Markets regulator SEBI has said in an order that the larger public purpose of investor protection would stand defeated if the violators are allowed to go scot-free just because of delay in initiating action against them.   The SEBI said this in an adjudication order where it imposed a penalty...

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Sanskrita Bharadwaj (IndiaSpend) 11 April 2024
It has been about seven years since Milin Dutta, a 54-year-old trans man, moved back to his hometown Guwahati from the United States. Earlier, when he used to come home for vacations, he would always get a cold and a dust allergy, he recalled. It took a few years for Dutta to realise he had...

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Moneylife Digital Team 10 April 2024
Shares of Reliance Infrastructure Ltd tumbled 20% to Rs227.40 on the BSE after the Supreme Court set aside an arbitral award of about Rs8,000 crore for the company unit Delhi Airport Metro Express Pvt Ltd (DAMEPL). Delhi Metro Rail Corporation (DMRC) has filed the curative petition against...

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Moneylife Digital Team 10 April 2024
Coming down heavily for manifest contradiction in the stand taken by State Bank of India (SBI) in a loss of original property documents, including title deeds, the national consumer disputes redressal commission (NCDRC) directed SBI to pay a conditional compensation of Rs25 lakh to a borrower....

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Moneylife Digital Team 10 April 2024
Over the past few days, some videos have been circulating on social media in which Ashaishkumar Chauhan, managing director and chief executive officer (MD&CEO) of the National Stock Exchange (NSE), is seen recommending some stocks for investment. However, the Exchange says all these videos are...

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Moneylife Digital Team 10 April 2024
India stands at the forefront of the global digital revolution, with an internet user base of more than 800mn (million) in first half of 2023 (double that of the United States) which has nearly tripled from 277mn in 2015. Projections indicate that this figure will soar beyond 900mn by the end...

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Moneylife Digital Team 10 April 2024
The cost of logistics accounts for 13% to 14% of India’s GDP as per a NITI Aayog report which is much higher compared to other countries. Transportation costs contribute 62% to the overall logistics cost and fuel costs account for majority of the transportation cost. The logistics sector is...

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Moneylife Digital Team 10 April 2024
The issues of climate change, natural resource scarcity, waste disposal, pollution and threats to diversity demand a complete re-evaluation of our relationship with resources. Heavy industrialisation and rapid development activities have led to huge consumption and disposal of materials with no...

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Ride-hailing company Ola on Tuesday said it has decided to shut down all of its existing global markets, namely, the UK, Australia and New Zealand amid rising competition.   The company mentioned that it will be focusing on the Indian market as it sees an 'immense opportunity for expansion'...

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Moneylife Digital Team 10 April 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs17 lakh on five cooperative banks for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs5 lakh each has been imposed on Dehradun-based Uttarakhand Grameen Bank and Jaipur-based Raj Laxmi Mahila...

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IndusInd International Holdings Limited (IIHL), a Mauritius-based investment holding company backed by the Hinduja group, and Invesco Ltd have announced to enter into a definitive agreement to form a joint venture which will see IIHL acquire 60% stake in Invesco Asset Management India Limited...

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