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Moneylife Digital Team 24 April 2024
The Reserve Bank of India (RBI) has barred Kotak Mahindra Bank Ltd to cease and desist, with immediate effect, from onboarding of new customers through its online and mobile banking channels and issuing fresh credit cards due to serious deficiencies related to information technology (IT)...

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Once again, an anonymous source at the Indian capital market regulator has leaked information to a leading news agency about a price-sensitive investigation. Indeed, this is a case where the Supreme Court had felt the need to constitute an ‘expert’ committee to examine whether there was...

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Once again, an anonymous source at the Indian capital market regulator has leaked information to a leading news agency about a price-sensitive investigation. Indeed, this is a case where the Supreme Court had felt the need to constitute an ‘expert’ committee to examine whether there was...

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Moneylife Digital Team 24 April 2024
The transformer manufacturing industry in India is witnessing strong growth, driven by rising demand for transformers across various voltage classes. With India’s focus on renewable energy, companies in this sector are experiencing a surge in inquiries and orders for transformers used in solar...

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Moneylife Digital Team 24 April 2024
The Bengaluru bench of national company law tribunal (NCLT) has imposed a fine of Rs20,000 on embattling edtech company Byju's for failing to file a response to one of the insolvency pleas filed by a creditor. Surfer Technologies Pvt Ltd, the fourth creditor, had filed the plea in February for...

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Bar  and   Bench 24 April 2024
The President of the National Company Law Tribunal (NCLT) on Tuesday temporarily reconstituted the Chandigarh Bench-II days after the Technical Member Umesh Kumar Shukla allegedly refused to attend the Court.   In an order passed on Tuesday, the NCLT Registrar Naveen Kumar Kashyap said the...

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Moneylife Digital Team 24 April 2024
On Wednesday, 2253 stocks advanced, 1567 declined and 109 remained unchanged, on the Bombay Stock Exchange (BSE) with an advance decline ratio of 1.43, 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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In early March, alarmed by the flood of money rushing into small-cap funds, after a massive one-year bull run, the market regulator asked mutual funds to consider moderating flows and rebalancing portfolios, since the flows could make the market frothier. The Securities and Exchange Board of...

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Moneylife Digital Team 23 April 2024
According to a Reuters report, India’s market regulator Securities and Exchange Board of India (SEBI), has found that a group of offshore funds investing in companies under the Adani umbrella have breached disclosure regulations and exceeded investment thresholds. These insiders, preferring...

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Moneylife Digital Team 23 April 2024
The Securities and Exchange Board of India (SEBI) has levied penalties totaling Rs16 lakh on four entities following an investigation into Jump Network Ltd, currently known as WinPro Industries Ltd, for non-disclosure of shareholding breaches falling below the 5% threshold under the takeover...

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Moneylife Digital Team 23 April 2024
JNK India Ltd (JNK) is in the business of manufacturing process-fired heaters, reformers and cracking furnaces, collectively referred to as ‘heating equipment’, necessary for process industries like oil & gas refineries, petrochemicals and fertiliser industries. It has capabilities in thermal...

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The Reserve Bank of India (RBI) has asked non-bank payment system operators (PSOs), to track high-value or suspicious transactions through electronic modes of payment during the ongoing Lok Sabha elections to prevent any misuse of funds to influence voters.   RBI’s letter, dated 15th April,...

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Moneylife Digital Team 23 April 2024
On Tuesday, 2337 stocks advanced, 1477 declined and 120 remained unchanged, on the Bombay Stock Exchange (BSE) with an advance decline ratio of 1.58 indicating positive closing of stocks in broader markets. The trend of the major indices on Tuesday’s trading is given in the table below.  

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Moneylife Digital Team 23 April 2024
Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs3 lakh on Tipsons Consultancy Services Pvt Ltd for violations related to due diligence processes. SEBI conducted  inspection  of  Tipsons  Consultancy  Services to ascertain compliance  with  provisions  of  SEBI’s  NCS ...

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Moneylife Digital Team 23 April 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs14.50 lakh on five cooperative banks for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs5 lakh has been imposed on Punjab-based Nakodar Hindu Urban Cooperative Bank Ltd.   Other banks...

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Moneylife Digital Team 22 April 2024
On Monday, 2620stocks advanced, 1284 declined and 153remained unchanged, with an advance decline ratio of 2.04 on the Bombay Stock Exchange (BSE), indicating positive closing of stocks in broader markets.   The trend of the major indices on Monday’s trading is given in the table below.   

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Moneylife Digital Team 22 April 2024
On 22nd April, the national company law tribunal (NCLT) in Delhi accepted Indiabulls Housing Finance's (IBHF) petition for personal insolvency against Subhash Chandra, the chairman emeritus of Zee Entertainment Enterprises Limited (ZEEL), due to guarantees provided to Vivek...

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Moneylife Digital Team 22 April 2024
In a significant development, a special PMLA (Prevention of Money Laundering Act) court in Mumbai has granted bail to Yes Bank co-founder Rana Kapoor in a Rs400-crore loan fraud case. The decision, while marking a pivotal moment in Mr Kapoor's legal saga, also raised questions about the...

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Moneylife Digital Team 22 April 2024
The government of India (GoI) has undertaken a number of initiatives to promote the domestic manufacturing of room air-conditioners (RACs). In FY20-21, it banned the import of completely built and gas-charged units of ACs and has gradually increased the tariffs on components of ACs. It has also...

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Moneylife Digital Team 22 April 2024
The electric vehicle (EV) industry is expected to keep expanding in the near future, as the world is shifting towards greener alternatives. Lithium-ion battery is its main component. As per consensus estimates, lithium-ion battery demand is expected to grow by 17 times by 2030 that will result...

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