DAILY NEWS: OUR PICKS


Amitabha Banerjee Amitabha Banerjee 05 August 2022
After T (the terminator) left, a new general manager (GM) arrived – David Moore. He was the total antithesis of T—short, thin, thick blond hair, no glasses and a mousy countenance. Rumour had it that the managing director (MD) had selected him because he had hated having a domineering GM who...

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The past couple of years have underlined the importance of having adequate health insurance cover and also exposed the limitations of regular health policies. Many COVID-19 claimants received only half of the claimed amount and had to pay the balance from their pockets, despite having health...

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Yazdi Tantra Yazdi Tantra 05 August 2022
We use many apps on our computer which we are familiar with on a day-to-day basis. When travelling or when we do not have access to our own computer, it becomes inconvenient to use another app on someone else’s machine. If we are accustomed to using Google Chrome as our browser and we do not...

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Moneylife Digital Team 05 August 2022
Indian Energy Exchange (IEX) began FY22-23 on a challenging note as revenue growth slowed down. IEX recorded a revenue growth of 8% y-o-y (year-on-year) to Rs98 crore. This was on account of lower clearance on the Exchange platform due to supply-side constraints. Electricity sell quantum was...

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Streaming platform SoundCloud has announced to cut 20 per cent of its workforce "given the challenging economic climate and financial market headwinds".   SoundCloud CEO Michael Weissman wrote in an email that affected employees would be notified over the next several days, reports...

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In a big relief for Reliance Industries, the Supreme Court on Friday directed the Securities and Exchange Board of India (Sebi) to allow the company access to certain documents in a case connected with the acquisition of RIL shares between 1994-2000.   A bench headed by Chief Justice...

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Moneylife Digital Team 05 August 2022
Rajratan Global Wires (RGW) came out with a good set of numbers for Q1FY22-23, earning highest-ever revenues for the quarter. Profits were very close to the all-time high of the previous quarter’s profits, even though it faced headwinds. RGW is the largest bead wire supplier to tyre OEMs...

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Moneylife Digital Team 05 August 2022
Jubilant FoodWorks Ltd (JFL) posted another good set of numbers in Q1FY22-23 with sales rising 40.5% y-o-y (year-on-year) to Rs1,255 crore and profit up by 61.4% to Rs113 crore. Sales were driven by like-for-like sales growth of 28.3% with strong sequential dine-in and takeaway channel sales....

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Moneylife Digital Team 05 August 2022
As expected, the monetary policy committee (MPC) of the Reserve Bank of India (RBI) has decided to increase the repo rate by 50bps (basis points) to 5.40%. Consequently, the standing deposit facility (SDF) rate stands adjusted to 5.15% and the marginal standing facility (MSF) rate and the...

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R Balakrishnan R Balakrishnan 04 August 2022
The end game of most investment plans is either to leave behind an inheritance or to meet expenses of living out the retirement years.  Of course, it could be both. Today, with nuclear families, it is also a challenge to depend on the generation next. Often, it is emotion surrounding such...

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Moneylife Digital Team 04 August 2022
Launched amidst much fanfare in 2014 with a catchy slogan of "Mera Khata, Bhagya Vidhata" (my account, fate restorer), the Pradhan Mantri Jan-Dhan Yojana (PMJDY) still has nearly 18% of bank accounts that are inoperative, the Rajya Sabha was informed.   In a written reply, Dr Bhagwat...

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Indira Jaising (The Leaflet) 04 August 2022
As the Supreme Court prepares to frame questions for adjudication in the ongoing case involving Shiv Sena’s tug of war, the real issues need to be delineated.  ———- At the hearing of the Maharashtra political stalemate before the Supreme Court bench comprising the Chief Justice of...

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Amid the debate over price rise and inflation in the country, a comparison of government data since the year 2014 discloses that the all-India average inflation rate is highest at 6.82% in current year 2022.   As per the government data, the average inflation was 6.65% in 2014, came...

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Moneylife Digital Team 04 August 2022
The Pension Fund Regulatory and Development Authority (PFRDA) has decided to stop accepting payment of subscriptions/contributions by using credit cards as a mode of payment in the National Pension System (NPS) Tier-II account. The regulator has instructed all points of presence (PoPs) to...

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Moneylife Digital Team 04 August 2022
The Securities and Exchange Board of India (SBEI) has imposed a penalty of Rs3 lakh on BSE Ltd for indirectly engaging in activities unrelated to a stock exchange without the regulator's approval. The order came after SEBI examined investments made by BSE Ltd to ascertain whether the firm had...

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Moneylife Digital Team 04 August 2022
Securities and Exchange Board of India (SEBI) has restructured its advisory committee on market data that recommends policy measures pertaining to securities market data access and privacy.   The market data advisory committee will now have 20 members, the latest information on the...

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Moneylife Digital Team 04 August 2022
Market regulator Securities and Exchange Board of India (SEBI) has implemented new rules with effect from 1 August 2022 according to which brokers are required to report individual client-level allocation of funds. This means one customer’s funds cannot be used for another’s margin...

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The Enforcement Directorate (ED) on Wednesday said that they have attached balances of Rs 105.32 crore, lying in various bank accounts and with payment gateway accounts, of 12 NBFCs, namely Inditrade Fincorp Ltd, Aglow Fintrade Pvt Ltd and others and their associated fintech companies in...

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Moneylife Digital Team 04 August 2022
Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs25 lakh on IIFL Securities for flouting regulatory norms in the matter related to ICICI General Lombard Insurance Company block deals back in 2019.   The market regulator conducted an investigation into the block...

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Chris Morran  and   Daniel Petty (ProPublica) 04 August 2022
This story was originally published by ProPublica.   Private equity firms have grown substantially since the 1980s and now manage more than $6 trillion in assets in the United States. Their presence has affected industries from hospitals to fisheries.   Private equity is...

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