The government has decided to convert the Ordnance Factory Board (OFB) from a department, into seven fully government-owned corporate entities to improve self-reliance on the country's defence preparedness. The seven new defence companies that have been incorporated are Munitions India...

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NJ Mutual Fund has launched its maiden scheme called NJ Balanced Advantage Fund (BAF), an open-ended dynamic asset allocation scheme. The group, which is known for its might in distributing mutual fund (MF) products, received approval from Securities and Exchange Board of India (SEBI) in...

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Curtailed production due to semiconductor shortages heavily dented India's domestic passenger vehicle sales on a year-on-year (y-o-y) and sequential basis in September. Further, challenges about high operating and ownership costs due to rising fuel and commodity prices subdued buyers'...

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While in corporate banking, my Boss was the assistant manager, whom I shall refer to as AM.   Initially, I was distinctly annoyed with the AM’s style of functioning. Gopal, from whom I was taking over, was clearly delighted to escape from AM’s clutches. He encouraged me to learn the...

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Krsnaa Diagnostics (Krsnaa) got listed in August 2021 and has come out with its first quarterly and half-yearly earnings. We analysed its initial public offering (IPO) here. Krsnaa is a large and differentiated diagnostic service-provider that provides a range of technology-enabled diagnostic...

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The official details of the signing of the instrument of accession by Maharajah Hari Singh of Kashmir has not only been kept under secrecy for 75 years now by successive governments, but has even led to several decades of allegations of motives and vested interests regarding the document. An...

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Intermittent fasting, an eating pattern that fluctuates between periods of eating and fasting, has rapidly become one of the most popular health and fitness trends for the many benefits it offers. Recently, researchers from the University of Illinois at Chicago (UIC), after a comprehensive...

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Orient Electric Limited (Orient) manufactures/purchases and sells electrical consumer durables, and lighting & switchgear products in India. It operates in two segments, viz., electrical consumer durables (ECD) and lighting & switchgear. It offers ceiling, portable, airflow, wall, lifestyle,...

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"We need to keep on with jan andolans, dharnas and morchas, but politicians in the government are scared of only losing their power. In a democracy, citizens have this power. They can strip any government of its power. For better governance, we need to work towards empowering citizens," says...

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The Mumbai Monorail, feeder system to the Mumbai metro, which has had a bumpy ride so far, has announced plans to get 10 new rakes and increase speed and capacity of the project, whose very existence has been questioned my many experts. But none of this is happening anytime soon. In fact, by...

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A trove of internal documents from Amazon reveals how the e-commerce giant ran a systematic campaign to create knockoff goods and manipulate search results to boost its own product lines in India—practices it has denied engaging in, says Reuters.   According to the report, the...

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Thyrocare Technologies Ltd (Thyrocare) is the fourth-largest diagnostics chain in India and third-largest among listed players. It specialises in ‘low-cost business model’ that provides quality service at cost-effective prices. Thyrocare derives a large portion of its revenue from...

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Invesco Developing Markets Fund (Invesco), in a statement, has revealed that it was the Reliance group that was keen on a deal with Zee Entertainment Enterprises Ltd (ZEEL) – a fact hidden by the founding group in the charges levelled on Tuesday in the ongoing war between the company and its...

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Mutual funds (MFs) have been a popular investment option in India but people tend to overlook MF nomination which involves appointing a person to take charge of the investments in the event of the investor’s death. If there is one thing that we have learned from last year’s events, it is the...

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TPG Rise Climate and Abu Dhabi’s ADQ will invest Rs 7,500 crore (around US$1 billion) in Tata Motors' new subsidiary which will make electric vehicles (EV). The investment values 'TML EV Co' close to US$9.1 billion. The investment will be done through a compulsory convertible instrument to...

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Saregama India Ltd (SIL) announced its results for Q2FY21-22 on 11 October 2021. We had discussed SIL’s music licensing business in detail in April 2021 (https://bit.ly/3iUODIT).  SIL’s net sales grew 38% quarter-on-quarter (q-o-q) from Rs105 crore in Q1FY21-22 to Rs145 crore in Q2FY21-22....

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Updated to include clarification from Mr Shailesh Haribhakti   The Reserve Bank of India (RBI) has barred Haribhakti & Co LLP from auditing companies regulated by RBI for two years starting from April next year. This is for the first time that RBI has taken action against an auditor...

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“Mr JRD Tata would have been overjoyed if he was in our midst today,” Ratan Tata, chairman emeritus, Tata group was quoted in the media, announcing the Tata group’s Rs18,000 crore winning bid to regain Air India after a hiatus of 68 years.   JRD Tata would have been a ripe old soul of...

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Market regulator Securities and Exchange Board of India (SEBI) is about to initiate action and revoke the licence of credit rating agency (CRA) Brickwork Ratings India Pvt Ltd, says a report quoting two people with knowledge of the development.   In the report, The Mint says, "At...

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Kamdhenu Ltd (KL) manufactures steel products and decorative paints. It has announced the demerger and listing of its paints business into a separate entity, Kamdhenu Ventures Ltd (KVL). The scheme of arrangement has been approved by the National Company Law Tribunal (NCLT) and various other...

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