INVESTOR INTEREST


Moneylife Digital Team 24 June 2022
Ajay Shah, a former consultant with the ministry of finance (MoF) between 2004 and 2009 and a key accused in the National Stock Exchange (NSE) colocation (colo) scam, is under investigation for holding sensitive documents falling under the Official Secrets Act (OSA), says a report from...

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Moneylife Digital Team 24 June 2022
INDIAN MARKET TRENDS From 17th June to 23 June 2022, the Sensex, the NIFTY and ML Mega-cap Index rose 2% each. ML Large-cap Index and ML Mid-cap Index ended flat. ML Micro-cap Index as well as ML Small-cap Index fell 1%.     FUND FLOWS Foreigners: Foreign...

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Moneylife Digital Team 24 June 2022
The previous week, Nifty, Sensex registered their biggest weekly loss in two years. Last week, the indices rebounded a bit. Sector-wise, Nifty Auto and Nifty FMCG were the biggest gainers with 6.95% and 4.18% respectively and Nifty Metal was the only loser this week.   The major...

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Moneylife Digital Team 24 June 2022
There is a mad rush for passive mutual fund (MF) schemes in the past few years. While the earliest passive schemes have been modelled on Nifty 50, many fund houses have launched schemes based on Nifty Next 50 Index which tracks the performance of 50 companies from the constituents of the...

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Moneylife Digital Team 24 June 2022
Market regulator Securities and Exchange Board of India (SEBI) has issued a demand notice to Future Enterprises asking the company to pay the penalty of Rs5 lakh imposed in March for alleged non-disclosure of arbitration proceedings initiated by Amazon before the Singapore International...

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We all make mistakes in investing. Mistakes are not just instances where we lost money, but also where we may have made some money, thanks to the kindness of market conditions. I can talk about mistakes I made or some I have seen. I am sure that there will be more mistakes to be made, so long...

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Moneylife Digital Team 23 June 2022
The Securities and Exchange Board of India (SEBI) has imposed a combined fine of Rs1.62 crore on nine entities for manipulating shares of Sterling Green Woods Ltd.,(SHWL) during the period April-July 2009. The regulator levied a fine of Rs18 lakh each on  Radhe Krishna Broking, Harshad...

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Moneylife Digital Team 23 June 2022
Varun Beverages chairman Ravi Kant Jaipuria has settled a case related to alleged violations of insider trading rules after paying nearly Rs56 lakh towards settlement charges to the Securities and Exchange Board of India (SEBI).   Mr Jaipuria had allegedly communicated unpublished...

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Moneylife Digital Team 23 June 2022
The income-tax (I-T) department has said that the 1% TDS on transfer of virtual digital assets would be levied on net transaction value and the onus of deducting the tax would primarily be on the exchanges.   The central board of direct taxes (CBDT) issued an FAQ (frequently asked...

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Moneylife Digital Team 23 June 2022
We had mentioned in Wednesday’s closing report that Nifty and Sensex remain under pressure. On Thursday, the indices opened higher and ended with gain. On the National Stock Exchange (NSE), 1,426 stocks advanced, 629 declined, and 80 remained unchanged with advance decline ratio of...

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Moneylife Digital Team 22 June 2022
The central bureau of investigation (CBI), on Wednesday, arrested Sanjay Gupta, owner and promoter of Delhi-based OPG Securities Pvt Ltd, in connection with the National Stock Exchange (NSE) co-location (Colo) scam in which brokers allegedly abused the facility to make gains by getting early...

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Moneylife Digital Team 22 June 2022
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs30 lakh on Reliance Industries Limited (RIL) and two of its compliance officers, Savithri Parekh and K Sethuraman, for not promptly disclosing the stake sales in its subsidiary company, Jio Platforms to...

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Moneylife Digital Team 22 June 2022
Aster DM Healthcare (Aster), which runs hospitals, clinics, retail pharmacies, etc, has a unique business model that it operates in the GCC (Gulf Cooperation Council) as well as in India. Its network consists of 13 hospitals (1,160 beds), 109 clinics and 240 retail pharmacies in the GCC...

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Moneylife Digital Team 22 June 2022
Market regulator Securities and Exchange Board of India (SEBI) has allowed mutual funds to resume investing in foreign stocks within USD 7 billion, which is the aggregate mandated limit for the industry.   SEBI’s decision comes in the backdrop of a correction in global markets that...

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As India prepares for long-delayed 5G spectrum next month, top industry stakeholders have locked horns over the issue of public and private 5G networks and whether the government should allow spectrum directly to the enterprises for operating private captive 5G networks.   The debate...

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Moneylife Digital Team 22 June 2022
Narayana Hrudayalaya (NH), covered earlier here, came out with weak Q4FY21-22 numbers. The fourth quarter of the year is, traditionally, the strongest quarter for the company; but the Omicron wave resulted in subdued performance for January and February. Operations started recovering in March...

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Moneylife Digital Team 22 June 2022
We had mentioned in Tuesday’s closing report that Nifty and Sensex would put in a relief rally. On Wednesday, the indices opened gap down and ended with loss. On the National Stock Exchange (NSE), 623 stocks advanced, 1,458 declined, and 67 remained unchanged with advance decline ratio of...

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Moneylife Digital Team 21 June 2022
Market regulator Securities and Exchange Board of India (SEBI) has rejected a proposal by asset management companies (AMCs) to introduce mutual funds (MF) schemes with insurance features for scheme investment like systematic investment plan (SIP) insure.   In a letter to the...

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Moneylife Digital Team 21 June 2022
The Reserve Bank of India (RBI) has clarified that non-bank institutions cannot load credit lines on prepaid payment instruments (PPIs) like e-wallets and prepaid cards. This clarification from RBI, which is not available on its website till writing this report, would impact credit products...

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Moneylife Digital Team 21 June 2022
Private sector lender Yes Bank on Tuesday announced the launch of floating-rate fixed deposit (FD) for domestic customers. In this new product, the interest rate will keep fluctuating based on the changes in repo rate, allowing the customers of the Bank to enjoy dynamic returns on their fixed...

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