INVESTOR INTEREST


Even as millions of new investors enter the capital market, our investor grievance redress system remains broken. Two recent orders that have gone against the Securities and Exchange Board of India (SEBI) expose the frightening state of affairs.   Blame Game with Intermediaries: On...

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Moneylife Digital Team 08 December 2023
The trends of the major indices in the course of the week’s trading are given in the table below:     After the Bhartiya Janata Party's decisive victories in Chattisgarh, Rajasthan, and Madhya Pradesh last Sunday, the market witnessed a robust rally, which briefly paused...

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Moneylife Digital Team 08 December 2023
INDIAN MARKET TRENDS From 1st December to 7 December 2023, ML Mega-cap Index rose 4%. The NIFTY and the Sensex rose 3% each. ML Small-cap Index and ML Large-cap Index rose 2% each. ML Mid-cap Index rose 1%. ML Micro-cap Index fell 1%.     FUND FLOWS Foreigners:...

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Moneylife Digital Team 08 December 2023
Indian Pharmacopoeia Commission (IPC) has issued a drug safety alert about Meftal, a  painkiller, stating that its constituent, mefenamic acid, can cause adverse reactions. Meftal is a commonly used drug for menstrual cramps and rheumatoid arthritis. Meftal is manufactured and sold by Blue...

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Moneylife Digital Team 08 December 2023
The best three and the worst three mutual fund schemes over the past three years ranked by their quarterly rolling returns. Premium members get access to a more refined list of top schemes by logging into Moneylife Advisory.  

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Moneylife Digital Team 08 December 2023
The Reserve Bank of India (RBI) has cancelled the certificate of registration of Sitapur, Uttar Pradesh-based Urban Cooperative Bank Ltd, due to the lender's inadequate capital and poor earnings prospects. RBI has asked the Bank to stop banking business from 7 December 2023.   RBI...

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Moneylife Digital Team 08 December 2023
Special economic zones (SEZ) providing a big relief to commercial office owners, the government of India (GoI) has allowed floor-wise denotification of information technology (IT) and information technology enabled services (ITeS) SEZs, fulfilling a long-standing industry demand. The sunset...

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Moneylife Digital Team 08 December 2023
Reserve Bank of India (RBI) has imposed Rs3.10 lakh penalties on four cooperative banks for violating various laws prescribed by RBI. Of these, three belong to Maharashtra and the other to Telangana. The banks penalised are Patan Cooperative Bank Ltd, Prathamik Shikshak Sahakari Bank Ltd,...

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IANS 08 December 2023
The Reserve Bank of India (RBI) will soon lay down the regulatory framework for web-aggregation of loan products since the customers are being harmed now, said the Central bank Governor Shaktikanta Das.   “Several concerns relating to such web-aggregation of loan products harming...

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Moneylife Digital Team 08 December 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...

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IANS 08 December 2023
Enhancing the payment limits for Unified Payments Interface (UPI), electronic mandates, setting up of cloud facilities, the financial sector and fintech repository were some of the major announcements made by the Reserve Bank of India Governor, Shaktikanta Das on Friday.   Das...

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Moneylife Digital Team 08 December 2023
Ganesha Ecosphere Limited (Ganesha), which is in the business of recycling polyethylene terephthalate (PET) waste to polyester staple fibre (PSF), high density polyethylene (HDPE), polypropylene (PP), recycled polyester partially oriented yarn (POY), fully drawn yarn (FDY) and recycled...

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IANS 08 December 2023
The Securities Appellate Tribunal (SAT) has set aside the Securities Exchange Board of India (SEBI)’s order restraining IIFL Securities from taking new clients for a period of two years, and has reduced the penalty imposed on the brokerage firm to Rs 20 lakh from Rs 2 crore.   SAT in...

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Moneylife Digital Team 08 December 2023
As predicted by economists, the monetary policy committee (MPC) of Reserve Bank of India (RBI) kept the repo rate unchanged at 6.50% during its February bi-monthly meeting. RBI increased its gross domestic product (GDP) growth by 50bps (basis points) to 7% while keeping its consumer price...

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IANS 08 December 2023
Japanese investment giant SoftBank is likely to sell shares of online food delivery platform Zomato worth $135 million (about Rs 1,125.5 crore) via a block deal, media reports said on Thursday.   The shares will be sold at a price of Rs 120.50 per share, reports CNBC TV-18, citing...

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Moneylife Digital Team 07 December 2023
We mentioned yesterday that the markets may pause for breath. On Thursday, 2196 stocks advanced, 1568 declined and 121 remained unchanged, with an advance decline ratio of 1.40 on the Bombay Stock Exchange (BSE), indicating positive closing of stocks in broader markets. The trend of the major...

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Moneylife Digital Team 07 December 2023
After it announced that it wanted to focus on higher ticket personal and merchant loans and less on the portfolio origination of less than Rs50,000, mostly the postpaid loan, shares of One 97 Communications Ltd (Paytm) tumbled as much as 20% during Thursday morning trade.   

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IANS 07 December 2023
Public sector banks (PSBs) wrote off a whopping Rs3.66 lakh crore loans in the last three financial years, according to RBI (Reserve Bank of India) data.   At the same time, these banks recovered just Rs1.9 lakh crore during this period, the data obtained by Moneycontrol.com through...

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Moneylife Digital Team 07 December 2023
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. It has nearly tripled from 277mn in 2015. Projections indicate that this figure will soar beyond 900mn by the end of...

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Moneylife Digital Team 06 December 2023
On Wednesday, 1930 stocks advanced, 1824 declined and 141 remained unchanged, with an advance decline ratio of 1.05 on the Bombay Stock Exchange (BSE), indicating positive closing of stocks in broader markets. The trend of the major indices on Wednesday’s trading is given in the table...

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