INVESTOR INTEREST


I wrote last week that the Supreme Court (SC)-appointed expert committee on the Adani-Hindenburg Research saga had ended up making a powerful legal case for why the Securities & Exchange Board of India (SEBI) would draw a blank (Adani Stock Saga: Clean Chit by SC Committee Raises Questions &...

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Moneylife Digital Team 31 May 2023
Amidst the Adani-Hindenburg row, market regulator Securities and Exchange Board of India (SEBI) has issued a consultation paper seeking enhanced transparency measures for foreign portfolio investors (FPI).    The SEBI paper seeks to enhance trust in the Indian securities markets by...

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Moneylife Digital Team 31 May 2023
In a significant setback to billionaire Anil Agarwal-led Vedanta group, the Indian government is likely to deny funding crucial for its joint venture plan with Taiwan's Hon Hai Precision Industry (Foxconn) to manufacture chips in the country, says a report from Bloomberg.    Citing...

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Moneylife Digital Team 31 May 2023
KEI Industries Limited (KEI) posted good financial results due to strong traction in its retail segment, led by its fastest-growing category—Low Tension (LT) cables—which was up 31% in FY22-23. Its retail segment as a percentage of sales has been growing consistently over the past five years,...

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Moneylife Digital Team 31 May 2023
The Maharashtra government has announced a 50% concession in floor space index (FSI) premium for cluster redevelopment schemes under regulation 33(9) of development control and promotional regulations (DCPR) in Mumbai for one year, following demands from developers’ associations. This move is...

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Moneylife Digital Team 31 May 2023
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of over Rs1 crore on Educomp Solutions Ltd (ESL) 's two promoters and executive directors (EDs) for adopting a fraudulent scheme to hide the company's true financial position from shareholders by treating its...

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Moneylife Digital Team 31 May 2023
Market regulator Securities and Exchange Board of India (SEBI) has cancelled the registration of Siddhi Vinayak Commodities Pvt Ltd for failing in 'fit and proper person' criteria of SEBI.    In an order, Anand Baiwar, executive director (ED) of SEBI says, "I hold that Siddhi Vinayak...

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Moneylife Digital Team 31 May 2023
On Wednesday, 1717 stocks advanced, 1796 declined and 132 remained unchanged on the Bombay Stock Exchange (BSE), with an advance decline ratio of 0.95, indicating a negative 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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Arun Kumar (The Leaflet) 30 May 2023
It is the process of black income generation that needs to be taken out, not high-denomination currency notes.   —   The Reserve Bank of India’s (RBI) announcement of withdrawal from circulation of the Rs2,000 currency notes has caused much incredulity. Tamil Nadu Chief...

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Moneylife Digital Team 30 May 2023
Route Mobile Ltd (RML) declared its results for Q4FY22-23 on 19 May 2023. Its revenue increased 61% year-on-year (y-o-y) and 2% quarter-on-quarter (q-o-q). RML’s strong revenue growth was contributed by organic business growth and also by inorganic acquisitions. RML’s volumes declined q-o-q,...

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Moneylife Digital Team 30 May 2023
Tube Investments of India Limited (TII) posted its highest-ever consolidated revenue in FY22-23, up 19% year-on–year (y-o-y), at Rs14,965 crore. It is a Murugappa group company, one of India’s leading manufacturers of engineered products used by auto companies, railways, construction, mining,...

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Moneylife Digital Team 30 May 2023
Mold-Tek Packaging Ltd (MTPL) announced its Q4FY22-23 results on 3 May 2023. We had discussed MTPL’s business here.   In Q4FY22-23, MTPL’s sales grew 4% year-on-year (y-o-y) and 19% quarter-on-quarter (q-o-q). Its operating profit increased 12% y-o-y and 25% q-o-q and its net profit...

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Moneylife Digital Team 30 May 2023
Markets regulator Securities and Exchange Board of India (SEBI) slapped a fine of Rs15 lakh on Alchemist Infra Realty Ltd's former director Balvir Singh for illegally mobilising funds from the public through a collective investment scheme (CIS). Mr Singh has already been restricted from...

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Moneylife Digital Team 30 May 2023
The Reserve Bank of India (RBI) has imposed Rs1 lakh penalty on Ichalkaranji, Maharashtra-based Kohinoor Sahakari Bank Ltd, for non-compliance with certain rules related to investments by primary (urban) cooperative banks.   RBI had conducted a statutory inspection for supervisory...

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Moneylife Digital Team 30 May 2023
On Tuesday, 1700 stocks advanced, 1794 declined and 120 remained unchanged on the Bombay Stock Exchange (BSE), with an advance decline ratio of 0.94, indicating a negative closing of stocks in broader markets. The trend of the major indices on Tuesday’s trading is given in the table...

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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.   RBI had conducted a statutory inspection for supervisory evaluation of Central Bank with...

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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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