INVESTOR INTEREST


The Central Bureau of Investigation (CBI) has registered a case against British aerospace company, Rolls Royce India Pvt Ltd, along with its director Tim Jones, and private individuals Sudhir Choudhrie and Bhanu Choudhrie, along with unidentified public servants and private...

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Moneylife Digital Team 29 May 2023
On Monday, 1967 stocks advanced, 1661 declined and 183 remained unchanged on the Bombay Stock Exchange (BSE), with an advance decline ratio of 1.18, indicating a positive closing of stocks in broader markets. The trend of the major indices on Monday’s trading is given in the table...

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Moneylife Digital Team 29 May 2023
Reserve Bank of India (RBI) imposed a penalty of Rs84.50 lakh on Central Bank of India for non-compliance with certain provisions of norms related to fraud classification and reporting.   The Reserve Bank had conducted a statutory inspection for supervisory evaluation of Central Bank...

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Moneylife Digital Team 29 May 2023
While calling directors to ensure the integrity of financial statements published by the bank, Shaktikanta Das, governor of the Reserve Bank of India (RBI), also warned lenders to refrain from adopting so-called smart accounting methods to artificially boost the bank's financial...

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Moneylife Digital Team 29 May 2023
Clean Science & Technology (Clean Science) has been adding new products to its portfolio to diversify its revenue base and enhance profitability. It has introduced products such as para benzoquinone (PBQ), tertiary butyl hydroquinone (TBQ) and has started commercial supplies of HAL (hindered...

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Moneylife Digital Team 29 May 2023
Rainbow Children’s Medicare (Rainbow) declared robust quarterly performance in Q4FY22-23, with almost 50% annual sales growth and more than 100% operating profit growth y-o-y (year-on-year). This was led by exceptional growth in occupancy due to various illnesses, especially viral illness....

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At least 48 US states have sued a telecom company called Avid Telecom for allegedly routing 7.5 billion illegal and spoofed robocalls to millions of residents on the 'Do Not Call Registry'.   The lawsuit was filed in US District Court for the District of Arizona against Avid Telecom,...

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The Delhi High Court on Monday dismissed a plea challenging the Reserve Bank of India (RBI) and State Bank of India (SBI) notifications, that permits exchange of notes without any identity proof.   A division bench of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad...

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The year was 1993; I was working at CRISIL Ltd. That year, we saw quite a few interesting ‘structured’ obligations that had come to us for rating. One, that was my favourite, was this:   Lokhandwala Construction Industries Ltd (LCIL), a reputed builder, announced a large housing project...

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Moneylife Digital Team 29 May 2023
As many as 19 non-banking financial companies (NBFCs) have surrendered their certificate of registration to the Reserve Bank of India (RBI), of which 13 have decided to exit the NBFC business altogether. Separately, RBI cancelled the license of New Link Overseas Finance Ltd, a non-bank...

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Moneylife Digital Team 26 May 2023
PR Sundar and Mangayarkarasi Sundar, the proprietors of Mansun Consultancy Pvt Ltd, agreed to disgorge Rs6.07 crore, including 12% interest per annum (pa) and pay Rs46.80 lakh, to settle a case with the Securities and Exchange Board of India (SEBI) for running an investment advisory...

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Moneylife Digital Team 26 May 2023
The trends of the major indices in the course of the week’s trading are given in the table below:     The main indices were up on Monday today due to strong moves in Adani stocks. On the Bombay Stock Exchange (BSE), 1719 stocks advanced, 1901 declined and 168remained...

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The National Company Law Appellate Tribunal (NCLAT) on Friday set aside an order passed by the National Company Law Tribunal (NCLT) in Mumbai directing stock exchanges to reassess their initial approvals granted for the merger of Zee Entertainment Enterprises Ltd (Zee) with Culver Max...

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Moneylife Digital Team 26 May 2023
INDIAN MARKET TRENDS From 19th May to 25 May 2023, ML Mega-cap Index rose 2%. ML Mid-cap Index, ML Large-cap Index and the NIFTY rose 1% each. ML Small-cap Index and the Sensex ended flat. ML Micro-cap Index fell...

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Moneylife Digital Team 26 May 2023
Guidelines    1. The Grader captures the three factors that determine investments: valuation, returns and price strength. Our grader captures these three parameters.   2. In this system, A is a higher rank than B and so on. Since, in valuation lower is better, we have ranked...

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Tushar Kohli (The Leaflet) 26 May 2023
The Bill set to replace the Information Technology Act, 2000, whose first draft is expected to be published in the first week of June, could contain provisions governing digital government, open internet, online safety and trust including user harm, intermediaries, accountability, regulatory...

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The Directorate General of Civil Aviation (DGCA) has granted 30 days to cash-strapped airline Go First to submit a restructuring or revival plan, including on fleet, pilots, and maintenance plans.   The low-cost airline had stopped flying on May 3 and is undergoing voluntary...

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 The Supreme Court (SC) has ruled that electricity dues of the previous owner of a property can be recovered from an auction purchaser or the subsequent owner.   A bench headed by chief justice of India (CJI) DY Chandrachud and comprising justices Hima Kohli and PS Narasimha said: "A...

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Moneylife Digital Team 25 May 2023
Earlier, the defence & aerospace sector in India was primarily accessible to foreign vendors. Now, the government has adopted a pro-Indian stance which favours Indian vendors. As a result, tenders are open exclusively to Indian vendors, while foreign vendors are no longer permitted to submit...

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Moneylife Digital Team 25 May 2023
On Thursday, 1875 stocks advanced, 1615 declined and 121 remained unchanged on the Bombay Stock Exchange (BSE), with an advance decline ratio of 1.16, indicating a negative closing of stocks in broader markets. The market continues to move sideways frustrating both bulls and bears. The trend...

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