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Moneylife Digital Team 06 September 2022
Sales of tractors of VST Tillers Tractors (VST) saw a growth of 21.6% y-o-y (year-on-year) to Rs236 crore. However, operating profit and net profit saw a huge decline and the respective margins saw contraction, due to inflation in raw materials prices which was on the higher side compared to...

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IANS 06 September 2022
Meta-owned photo and video-sharing platform Instagram has been fined 405 million euros ($402 million) by the Irish Data Protection Commission for violations of the General Data Protection Regulation.   The fine, the second-highest under the GDPR after a 746 million euros penalty...

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Moneylife Digital Team 06 September 2022
On Tuesday, the indices opened gap up and ended with loss. On the Bombay Stock Exchange (BSE), 1,789 stocks advanced, 1,665 declined, and 134 remained unchanged with advance decline ratio of 1.07.   The trend of the major indices on Tuesday’s trading are given in the table...

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IANS 05 September 2022
The Supreme Court on Monday issued notice on a plea by Amazon challenging the National Company Law Appellate Tribunal (NCLAT) order which upheld the decision to keep share subscription agreement (SSA) between Amazon and Future Coupons Pvt Ltd (FCPL) in abeyance.   A bench of Justices...

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Moneylife Digital Team 05 September 2022
The Securities Appellate Tribunal (SAT) has set aside a securities market interim ban on former TV anchor Hemant Ghai and his family imposed by regulator Securities and Exchange Board of India (SEBI) for fraudulent trading practices pending investigation.The tribunal directed the SEBI’s...

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Moneylife Digital Team 05 September 2022
The securities appellate tribunal (SAT) has quashed the orders passed by the National Stock Exchange (NSE) and Central Depository Services (CDSL) directing Kotak Mahindra Bank not to invoke shares pledged by Arcadia Share & Stock Brokers.   It may be recalled that in February 2021,...

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Moneylife Digital Team 05 September 2022
We had mentioned in Friday’s closing report that Nifty and Sensex may move sideways. On Monday, the indices opened flat and ended with gain. On the Bombay Stock Exchange (BSE), 2,216 stocks advanced, 1,348 declined and 172 remained unchanged with advance decline ratio of 1.64, indicating...

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IANS 05 September 2022
Payment service provider NTT DATA Payment Services India (earlier Atom Technologies) on Monday said it has received an in-principle approval from the Reserve Bank of India (RBI) for the Payment Aggregator (PA) license.   The company has an annual transaction value of Rs 150,000 crore...

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Moneylife Digital Team 03 September 2022
Market regulator Securities and Exchange Board of India (SEBI) has asked stockbrokers to refrain from making any reference to the past or expected future return or performance of the algorithm trading. In a circular, SEBI says, "Stock Brokers who provide services relating to algorithmic...

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Moneylife Digital Team 02 September 2022
INDIAN MARKET TRENDS From 26th August to 1 September 2022, ML Small-cap Index and ML Micro-cap Index rose 3% each. ML Mid-cap Index rose 2%. ML Large-cap Index rose 1%. ML Mega-cap Index, the NIFTY and the Sensex ended flat.     FUND FLOWS Foreigners: Foreign...

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Moneylife Digital Team 02 September 2022
We had mentioned in previous week’s closing report that Nifty, Sensex may be under pressure. The major indices opened lower this week and closed with loss.     On Monday, the indices opened with huge gap down and ended with loss. On the Bombay Stock Exchange (BSE), 1,453...

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R Balakrishnan R Balakrishnan 02 September 2022
In a ‘Spaces’ event on Twitter a few days ago, there was a debate about the Fed (the central bank of the US) pushing interest rates higher and its consequences on the world economy and markets. The worst case is a doomsday scenario when all money gets pulled out of equity and goes into debt;...

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Moneylife Digital Team 02 September 2022
We had mentioned in Thursday’s closing report that Nifty and Sensex will remain volatile. On Friday, the indices opened with gap up and ended flat. On the Bombay Stock Exchange (BSE), 1,767 stocks advanced, 1,659 declined, and 141 remained unchanged with advance decline ratio of 1.06...

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Moneylife Digital Team 02 September 2022
WhiteOak Capital Tax Saver Fund  WhiteOak Capital Mutual Fund (MF) has launched a new fund offer (NFO) called WhiteOak Capital Tax Saver Fund. It is an open-ended equity linked savings scheme (ELSS) with a statutory lock-in of three years and tax benefit. Under normal circumstances,...

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Moneylife Digital Team 02 September 2022
Tamilnad Mercantile Bank Ltd (TMB) is an old private sector bank headquartered in Thoothukudi (Tamil Nadu) and was incorporated as ‘Nadar Bank Ltd’ in 1921. Its name was changed to Tamilnad Mercantile Bank Ltd in 1962. As of FY21-22, TMB operates 509 branches, of which 106 branches are in...

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Moneylife Digital Team 02 September 2022
The best three and the worst three mutual fund (MF) 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 02 September 2022
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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Moneylife Digital Team 02 September 2022
Driven by strong realisation, Deepak Nitrite’s revenue rose by 35% y-o-y (year-on-year) to Rs2,058 crore. However, volume stood lower due to fire at Nandesari (Gujarat) plant which was unavailable for nearly one month during Q1FY22-23. On 2 June 2022, a fire took place in the warehouse...

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Moneylife Digital Team 02 September 2022
In Q1FY22-23, Aarti Industries (Aarti) reported a revenue growth of 50% y-o-y (year-on-year) to Rs1,972 crore, driven by higher volume off-take for some products, coupled with better realisation in its specialty chemicals as well as pharmaceuticals segments. Revenue growth was led by 15%-20%...

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Sarah Thanawala (The Leaflet) 02 September 2022
On 8 July 2022, the Draft Drugs, Medical Devices and Cosmetics Bill, 2022 was released for public consultation by the Union Ministry of Health and Family Welfare. The Draft Bill is intended to replace the existing, pre-independence legislation of the Drugs and Cosmetics Act, 1940. It aims to...

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