INVESTOR INTEREST


The competition commission of India (CCI) on Wednesday imposed penalties of Rs223.48 crore and Rs168.88 crore on MMT-Go (GoIbibo and MakeMyTrip) and OYO, respectively, for anti-competitive conduct.   The competition watchdog also directed MMT-Go to amend its market behaviour, for...

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Moneylife Digital Team 20 October 2022
Market regulator Securities and Exchange Board of India (SEBI) has allowed stockbrokers registered under the debt segment of the stock exchanges to place or seek bids on the request for quote (RFQ) platform on behalf of its clients. This will be in addition to the existing option of placing...

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Moneylife Digital Team 20 October 2022
Market regulator Securities and Exchange Board of India (SEBI) says there is no need for further debarment of Lokmangal Agro Industries Ltd as the company has refunded investors' money and interest. Lokmangal Agro Industries is part of the Lokmangal group owned by Maharashtra's former...

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Moneylife Digital Team 20 October 2022
The draft master direction issued by Reserve Bank of India (RBI) on information technology (IT) governance, risk, controls and assurance practices talks about specifying role, including authority and responsibilities of the board of directors, board level committee and senior management in...

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Moneylife Digital Team 20 October 2022
We had mentioned in Wednesday’s closing report that Nifty and Sensex on an uptrend. On Thursday, the indices opened gap down and ended with gain. On the Bombay Stock Exchange (BSE), 3,571 stocks advanced, 1,866 declined, and 138 remained unchanged with advance decline ratio of...

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The administration has sealed Rudra builders' project for not depositing Rs 25 crore.   This follows the district administration's steady action to get the orders of the Uttar Pradesh Real Estate Regulatory Authority (UP RERA) followed.   The district authorities of Tehsil...

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Moneylife Digital Team 19 October 2022
Markets regulator Securities and Exchange Board of India (SEBI) has barred Empiric Trade and its proprietor Niraj Thakur from the securities markets for providing advisory services without its authorisation.   The market watchdog had issued a show-cause notice to them in September...

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Moneylife Digital Team 19 October 2022
After a long wait of 13 years, India commissioned its first indigenously-built aircraft carrier (IAC), INS Vikrant. With this, India catapulted into the elite group of countries—USA, Russia, France, the UK and China—that are capable of designing and constructing aircraft carriers. “Vikrant is...

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Moneylife Digital Team 19 October 2022
A merchant banker cannot carry on any business other than those pertaining to the securities market, according to the capital market regulator Securities and Exchange Board of India (SEBI).   Providing informal guidance to PNB Investment Services, an arm of Punjab National Bank (PNB),...

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The increasing insolvency proceedings against big builders at the national company law tribunal (NCLT) have only mounted the troubles for the home buyers.   The hope of buyers, for whom everything is already at stake, is shattered as they know they will be the ultimate sufferers if...

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Moneylife Digital Team 19 October 2022
In September 2022, Infosys and National Thermal Power Corporation were the most preferred stocks of Indian mutual funds. The net purchases of Infosys were Rs1,431 crore. ICICI Bank and Bharti Airtel were the most sold stocks. The net sales of ICICI Bank were Rs1,339 crore and net sales of...

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Moneylife Digital Team 19 October 2022
We had mentioned in Tuesday’s closing report that Nifty and Sensex continues to push higher on global cues. On Wednesday, the indices opened gap up and ended with gain. On the Bombay Stock Exchange (BSE), 1,657 stocks advanced, 1,761 declined, and 153 remained unchanged with advance decline...

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Moneylife Digital Team 18 October 2022
Setting aside orders passed by the defaulters committee at National Stock Exchange (NSE), the securities appellate tribunal (SAT) asked the Exchange to take a fresh decision on claims submitted by two investors of Anugrah Stock and Broking Pvt Ltd (ASBPL).    In an order passed last...

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R Balakrishnan R Balakrishnan 18 October 2022
Last week—10th October -16th October—was “World Investor Week”.  Everywhere, regulators remembered that there is a community called ‘investors’ who give reasons for the existence of regulators, bankers, brokers, insurance salesmen, crypto-evangelists, fund managers, the talking heads in the...

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Moneylife Digital Team 18 October 2022
We had mentioned in Monday’s closing report that Nifty and Sensex on a weak uptrend. On Tuesday, the indices opened gap up and ended with gain. On the Bombay Stock Exchange (BSE), 2,069 stocks advanced, 1,368 declined, and 128 remained unchanged with advance decline ratio of...

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Moneylife Digital Team 17 October 2022
While allowing a taxpayer's plea seeking withdrawal of an order passed by tax authorities, which granted only seven days to file a reply to a show-cause notice (SCN), the Bombay High Court (HC) asked the tax authorities to donate Rs10,000 to the PM CARES Fund.    "The order was...

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Moneylife Digital Team 17 October 2022
The Supreme Court on Monday issued notices to the Reserve Bank of India (RBI) and central bureau of investigation (CBI) on Bharatiya Janata Party (BJP) leader Dr Subramanian Swamy's plea seeking a probe by CBI into the alleged role of nominee directors in bank loan fraud cases.   Dr...

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Moneylife Digital Team 17 October 2022
The revised guidelines for asset reconstruction companies (ARCs), announced by the Reserve Bank of India (RBI) last week, would structurally fortify the sector through improved governance norms, better disclosures, lower funding requirements for asset acquisition and more robust balance...

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Moneylife Digital Team 17 October 2022
The securities appellate tribunal (SAT) SAT partly allowed appeal and reduced the penalty of Rs10.25 crore imposed on Texmo Pipes by the Securities and Exchange Board of India (SEBI) for alleged involvement in a fraudulent scheme of using global depository receipt (GDR) proceeds to fund a...

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Moneylife Digital Team 17 October 2022
IndoStar Capital Finance Ltd (ICFL) is a systemically important non-deposit taking non-banking financial company (NBFC-ND-SI) registered with the Reserve Bank of India (RBI). It was incorporated in 2011 by private equity players: Everstone Capital (Everstone), Goldman Sachs Baer Capital...

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