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Moneylife Digital Team 24 September 2021
Yes Bank Ltd, which owns over 25% stake in Dish TV India Ltd, has called for an extraordinary general meeting (EGM) to replace the existing board of directors and appoints its own nominees on the Zee group company.    In a letter to Dish TV's board, the lender says earlier this month...

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Moneylife Digital Team 24 September 2021
We had mentioned in previous week’s closing report that Nifty, Sensex were on a strong rally. The major indices were volatile this week but closed with major gains.   The trend of the major indices in the week is given in the table:     On Monday, the indices opened...

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Moneylife Digital Team 24 September 2021
In a significant order, the National Company Law Appellate Tribunal (NCLAT) says the success fee paid to the resolution professional (RP) is more of a contingency and not part of the Insolvency and Bankruptcy Code (IBC).    While dismissing an appeal, the bench of justice AIS Cheema...

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Moneylife Digital Team 24 September 2021
Mutual fund registrar and transfer agents (RTAs) KFin Technologies Pvt Ltd  (KFintech) and Computer Age Management Services (CAMS) Ltd yesterday launched a mutual fund transaction portal called MF Central. This follows after a directive in July by the Securities and Exchange Board of India...

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Khushi Jain (The Leaflet) 24 September 2021
The RBI’s new Account Aggregator framework aims to ensure convenience to customers in availing loans and establish a fool proof mechanism for the financial institutes to check the creditworthiness of the loanee. However, several concerns must be taken care of to protect users’ data privacy...

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Moneylife Digital Team 24 September 2021
Hinduja Global Solutions Ltd (HGSL) provides business process management (BPM) services, primarily back-office processing and contact centre services, to domestic and international clients. As of Q2FY21-22, HGSL had 55 delivery centres in seven countries and 42,769 employees. On 9 August...

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IANS 23 September 2021
The government has decided to give a two month extension to companies to conduct their annual general meetings (AGM) for financial year 2020-21.   The extension is being given on account of the wave of disruptions caused by the second wave of Covid and lockdowns in various parts of...

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Moneylife Digital Team 23 September 2021
We had mentioned in Wednesday’s closing report that Nifty, Sensex await US market reaction to Fed policy stance. On Thursday, the indices rallied and closed with major gains.   On the NSE, there were 1,244 advances, 783 declines and 85 unchanged.   The trend of the major...

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IANS 23 September 2021
Google on Thursday said that it has filed a writ petition in the Delhi High Court against the leak of the Competition Commission of India's confidential report pertaining to the investigation against the global search engine giant.   "We are deeply concerned that the Director...

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Clinton Fernandes 23 September 2021
ICICI Prudential Asset Management, the asset manager to ICICI Prudential Mutual Fund, has launched a new international equity index scheme. The ICICI Prudential Nasdaq 100 Index scheme will invest in the stocks part of the tech-dominated NASDAQ 100 index.   This will be the third...

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Moneylife Digital Team 23 September 2021
Indo Count Industries Limited (ICIL) specialises in home textiles with a special focus on bedding and bedlinen. Headquartered in Mumbai, it started its operations as a yarn-spinning company and has, over the years, forward integrated into full-fledged manufacturing of home textiles. ICIL’s...

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R Balakrishnan R Balakrishnan 23 September 2021
The markets have been riding a major bull wave for a year now. New highs have become routine. India Inc is on a roll. Profitability has never been so good. Debt of companies has come down. Income–tax (I-T) collections and goods and services tax (GST) collections are robust. The stage is set...

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Moneylife Digital Team 22 September 2021
Shareholders of IDFC Ltd on Wednesday rejected the proposal to appoint Vinod Rai as a non-independent, non-executive director of the company. Over 62% of shareholders voted against the proposal, the company says in a regulatory filing. Currently, Mr Rai, former comptroller and auditor general...

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Moneylife Digital Team 22 September 2021
We had mentioned in Tuesday’s closing report that Nifty, Sensex may rise if global selloff stops. On Wednesday, the indices opened higher but lost all gains and closed with minor losses.   On the NSE, there were 1,358 advances, 659 declines and 1 unchanged.   The trend of the...

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Ranganathan V Ranganathan V 22 September 2021
Many societies constantly debate the need for letting terminally sick patients choose a way to end the suffering that cannot be medically relieved. Auditing is almost at the threshold of such a situation.    Its allure is constantly slipping out of the reckoning of the very...

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Moneylife Digital Team 22 September 2021
Like many other textiles stocks, Ambika Cotton Mills (Ambika) has more than doubled from around Rs700 per share a year ago to around Rs1,600 currently. The management follows a conservative, almost a zero-debt policy, financing capacity expansions through internal accruals. This, along with...

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Moneylife Digital Team 22 September 2021
Things at Zee Entertainment Enterprises Ltd (ZEEL) seem to be moving too fast and strangely. Days after the company’s largest shareholder called for an extraordinary general meeting (EGM) to remove Punit Goenka as managing director (MD), the board of directors of Zee Entertainment has...

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Moneylife Digital Team 21 September 2021
Ever since the National Stock Exchange (NSE) scrapped the TER (trade execution range) with effect from 16th August, freak trades in the derivatives segment of NSE had become a recurring routine event. Traders, who regularly suffered huge losses, have expressed outrage on social media every...

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Moneylife Digital Team 21 September 2021
We had mentioned in Monday’s closing report that Nifty, Sensex were under pressure due to a global market selloff. On Tuesday, the indices opened higher and closed with major gains.   On the NSE, there were 978 advances, 1,037 declines and 0 unchanged.   The trend of the major...

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Moneylife Digital Team 21 September 2021
The Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs1 lakh each on the promoter-director and system administrator of Kolkata-based Excel Stock Broking Pvt Ltd for violating the provisions about the access to secondary servers of the National Stock Exchange (NSE)’s...

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