INVESTOR ISSUES


Moneylife Digital Team 19 February 2024
As many as over 2.08mn (million) investors of PACL Ltd, with a claim of up to Rs19,000, have been paid over Rs1,021 crore, says market regulator Securities and Exchange Board of India (SEBI).   The justice RM Lodha committee is supervising the Supreme Court (SC)-ordered process of...

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It is a standard bus stop in a city. One person with a red velvet rope creates a section for seating at the bus stop. He labels it as a VIP section and charges a fee. Three curious commuters pay the charges and tightly sit on the bench meant for two people. This is a prank played out on...

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Moneylife Digital Team 14 February 2024
Expressing concerns over unscrupulous entities and online platforms falsely claiming to be registered intermediaries and offering huge returns, market regulator  Securities and Exchange Board of India (SEBI) urged investors to exercise utmost vigilance and due diligence before entrusting...

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IANS 13 February 2024
Total funding into Karnataka-based tech start-ups sharply fell 72% to US$3.4bn (billion) in 2023, from US$12.2bn in 2022, a new report said on Tuesday.   This decline can be attributed to the prevailing macroeconomic conditions and geopolitical issues as the total number of US$100mn...

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IANS 12 February 2024
The Governor of Reserve Bank of India (RBI), Shaktikanta Das, said on Monday that, while the central bank is supportive of the fin-tech sector, it is also committed to protect the interests of the customers as well as ensure financial stability.   On the action taken against Paytm...

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IANS 12 February 2024
India on Monday successfully launched its Unified Payment Interface (UPI) services in Sri Lanka and Mauritius.   RuPay card services were also launched in Mauritius as part of this initiative.   Prime Minister Narendra Modi attended the inaugural event virtually alongside his...

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IANS 12 February 2024
Finance ministry on Friday said that the Sovereign Gold Bonds (SGBs) 2023-24 (Series IV) will be open for subscription during February 12-16, with settlement date as 21st February.   The gold bonds will be issued by the Reserve Bank of India (RBI) at a price of Rs6,263 per...

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Moneylife Digital Team 05 February 2024
Only Rs258.47 crore has been paid to 277,000 applicants out of 12.1mn (million) claims filed by depositors of Sahara group's four cooperative societies through the central registrar of cooperative societies (CRCS) online portal as of 31 January 2024, the government told the Lok Sabha....

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IANS 02 February 2024
Several users on Friday took to X participating in the "Boycott Zerodha" trend after the company's trading app Kite suffered consecutive tech glitches in the past few months, resulting in losses for their clients while trading.   The glitch briefly hindered some traders from executing...

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Moneylife Digital Team 31 January 2024
The three-member arbitral tribunal has directed Central Depository Services (India) Ltd (CDSL) to reimburse Rs86.02 lakh for the loss suffered by an investor-client of BRH Wealth Kreators Ltd (formerly BMA Wealth Creators Ltd). BRH Wealth Kreators had misused the power of attorney (PoA) after...

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IANS 30 January 2024
The Delhi High Court has ordered messaging platforms WhatsApp and Telegram to delete groups and accounts defrauding people by misusing the trademarks of venture capital firms Peak XV and Sequoia Capital.   The suit comes after a series of financial scams proliferated online wherein...

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IANS 29 January 2024
Brokerage firm Zerodha's trading app Kite on Monday suffered another technical glitch, marking the fourth straight month the platform has faced such issues.   Several users took to the X platform complaining about the issue and demanding compensation for the 'loss'.   "As...

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IANS 10 January 2024
Investors around the world are warning governments over 'unmoored' levels of public debt, saying that excessive pre-election borrowing promises risk sparking a bond market backlash, media reports said.   Government debt issuance in the US and the UK is expected to soar to the highest...

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Moneylife Digital Team 05 January 2024
A response to a Right to Information (RTI) application has revealed that only Rs228.77 crore has been paid out against claims of Rs82,695.51 crore made by depositors of Sahara group’s four cooperative societies, through the central registrar of cooperative societies (CRCS) online portal to...

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IANS 27 December 2023
The State Bank of India (SBI) has raised interest rates on certain fixed deposits (FDs) by up to 0.5% with immediate effect.   The Bank has hiked the interest rate on deposits maturing between 7 days to 45 days to 3.50% from 3%.   SBI raised the interest rate on tenure of 46...

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Moneylife Digital Team 22 December 2023
While upholding an order passed by the member and core settlement guarantee fund committee (Committee) of NSE Clearing Ltd (NCL), the securities appellate tribunal (SAT) directed Edelweiss Custodial Services Ltd (now known as Nuvama Clearing Services Ltd) to reinstate shares belonging to...

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Updated at 7pm on 18 December 2023 to include clarification submitted by JSW Steel to exchanges JSW Steel Ltd is the 34th most valuable company listed on our bourses. The chairman and managing director (CMD) of the company is the subject of a first information report (FIR) lodged at the...

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Moneylife Digital Team 15 December 2023
The death of Sahara group founder and chief Subrata Roy would not impede various ongoing investigations in Sahara group companies, the Union government clarified. Further, the Securities & Exchange Board of India (SEBI) has paid Rs138.07 crore out of Rs15,646.68 crore realised to 17,526...

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IANS 14 December 2023
Infosys founder Narayana Murthy's two new deepfake videos, which are being shared on social media, purportedly promoting a so-called investing platform “Quantum AI”, claiming that the user of this new tech will be able to earn $3,000 (around Rs 2.5 lakh) on the first working day.  

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IANS 04 December 2023
Brokerage firm Zerodha's trading app Kite on Monday suffered another technical glitch, marking the third straight month the platform has faced such issues.   This comes on a day when the stock market opened at an all-time high.   Users turned to X to went their frustration as...

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