INVESTOR ISSUES


The Calcutta High Court on Monday appointed a judicial committee to ensure that the victims in West Bengal who have lost their hard-earned money after investing in different chit fund companies are duly compensated.   Calcutta High Court's division bench of Justice Indra Prasanna...

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Fake crypto-currency (Crypto) exchanges have duped Indian investors of more than $128 million (nearly Rs1,000 crore) as the global Crypto market tanks, a new report claimed on Tuesday.   Cyber-security company CloudSEK said it has uncovered an ongoing operation involving several...

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Moneylife Digital Team 17 June 2022
The justice (retd) RM Lodha committee, which is supervising the Supreme Court (SC)-ordered process of selling PACL's assets, has allowed investors to update their mobile numbers on the separate portal, https://www.sebipaclrefund.co.in set up by Securities and Exchange Board of India...

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Continuing its selling spree for the eighth consecutive month in May, foreign portfolio investors (FPIs) have pulled out around Rs2.5 lakh crore from the Indian equity market.   So far in 2022 itself, FPIs sold investments worth over Rs1.7 lakh crore, data available with National...

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The shocking implosion of the TerraUSD and Luna crypto-currencies (crypto) threw many young investors into a panic, some of them saying their entire assets were blown up or even leaving suicidal messages.   In a crash starting a week earlier, the once bullish TerraUSD and sister coin...

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Moneylife Digital Team 11 May 2022
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs 1 lakh on an ex-employee of Infosys for violating the model code of conduct in a case related to shares of Infosys. The individual, Prateek Sarawgi, was working as an Associate Manager (Business...

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In what could dampen the mood of crypto lovers, sales of non-fungible tokens (NFTs) have fallen a massive 92 per cent since September last year, shows data from popular website NonFungible.   The sale of NFTs fell to a daily average of about 19,000 this week, a 92 per cent decline...

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The National Spot Exchange Limited (NSEL) said on Wednesday that the Supreme Court (SC) has approved the constitution of a high-powered committee headed by retired judge of the Bombay High Court, Pradeep Nandrajog, for recovery of monies from the defaulters where NSEL has secured money...

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Share of retail investors (individuals with up to Rs2 lakh shareholding) in companies listed on the National Stock Exchange (NSE) reached an all-time high of 7.42% as on 31 March 2022 from 7.33% as on 31 December 2021, as per Primeinfobase, an initiative of Prime Database group.   In...

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The Enforcement Directorate (ED) on Friday provisionally attached assets worth Rs 6.28 crore in Assam in connection with a Prevention of Money Laundering case registered against Saradha Group of Companies for running illegal Ponzi schemes.   The ED initiated the investigation on the...

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Moneylife Digital Team 20 April 2022
Market regulator Securities and Exchange Board of India (SEBI) has imposed a monetary penalty of Rs5 crore each on brothers Malvinder Singh and Shivinder Singh in the Fortis Healthcare matter while also barring the Singh brothers from the securities market for a period of three years. In a...

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Twitter, Inc. has announced that its Board of Directors has unanimously adopted a limited duration shareholder rights plan following an unsolicited, non-binding proposal to acquire Twitter by Tesla CEO Elon Musk.   The Rights Plan, often called the "poison pill", will reduce the...

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Moneylife Digital Team 13 April 2022
Market regulator Securities and Exchange Board of India (SEBI) has penalised stock exchanges—Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)—for "laxity" on their part in detecting the misuse of clients' securities worth Rs2,300 crore by Karvy Stock Broking Ltd...

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Moneylife Digital Team 13 April 2022
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs3 lakh on Yug Securities for flouting norms related to the National Stock Exchange (NSE)'s co-location (Col) facility. SEBI had  received multiple complaints against the broker, pertaining to...

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Dr Nita Mukherjee 09 April 2022
Small amounts clearly add up to a lot for the banking system leading to a policy of denying part of the interest benefit of investors. While investor organisations advise people to make it a point to deposit their public provident fund (PPF) contribution before the 5th of April, in order to...

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Moneylife Digital Team 01 April 2022
In a statement isssued on Friday, Nippon Life India Asset Management (NAM) said on Friday that the company and its executives are constantly working along with its legal advisers to assist market regulator Securities and Exchange Board of India (SEBI) on any inquiries in the matter pertaining...

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Moneylife Digital Team 07 March 2022
A special court in Delhi has sent Chitra Ramkrishna, former managing director (MD) and chief executive officer (CEO) of National Stock Exchange (NSE) to 7-day day central bureau of investigation (CBI) remand. As reported earlier, the CBI had also arrested Chitra Ramkrishna the former MD and...

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The controversies surrounding BharatPe have brought the spotlight on the need for a robust corporate governance in startups in India. According to the Economic Survey 2021-22, India has become the 3rd largest ecosystem for start-ups in the world on the heels of the US and China. There are...

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Moneylife Digital Team 07 March 2022
Traders on National Stock Exchange (NSE) today faced problems with their trading when two of the NSE's key indices—Nifty 50 index and Nifty bank index—stopped updating. The glitch comes amid sharp falls in Indian shares after oil prices spiked on fears of a ban on Russian oil.    In a...

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The proposed metro cess in Mumbai and Pune is likely to have a detrimental impact on the residential markets in the regions which are currently recovering, said property consultant firm JLL.   As per reports, an additional 1% cess will be levied on all property purchased from 1st...

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