INVESTOR ISSUES


Abhay Datar 11 August 2023
The life of an investor and consumer is not easy. Both need to always be on their toes to fulfil ‘mandatory requirements’ from the financial institution, bank or service provider. Add to that, intermediaries like a registrar and transfer agent (RTA) and you would realise how difficult it is...

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Moneylife Digital Team 25 July 2023
Depositors of the Sahara group credit cooperative societies—Sahara Credit Cooperative Society Ltd, Saharayn Universal Multipurpose Society Ltd, Humara India Credit Cooperative Society Ltd and Stars Multipurpose Cooperative Society Ltd, can submit claims for refund on the new portal set up by...

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One of the activities that has not been formally labelled as an adventure sport is investing in the shares of unlisted companies.   There has been a major mushrooming of brokers and portals dealing in this space and the fancy has caught on with many sections of investors viewing this...

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Moneylife Digital Team 11 July 2023
In a writ petition filed by Binny Ltd and one of its promoters, M Nandagopal, against the Securities & Exchange Board of India (SEBI), a Bombay High Court bench of justice Gautam Patel has observed a “specific finding based on a forensic audit report of an alleged diversion of funds of...

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The government on Monday said that the decision of Taiwanese giant Foxconn to withdraw from its semiconductor joint venture (JV) with Vedanta has no impact on India's semiconductor goals.   Both Foxconn and Vedanta have significant investments in India and are valued investors who are...

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Moneylife Digital Team 10 July 2023
In a surprising turn of events, Taiwanese manufacturing heavyweight Foxconn has pulled out from its US$19.5bn (billion) joint venture (JV) with Vedanta to manufacture electronic chips.    Foxconn, the World’s largest contract electronic chip maker had signed up with Vedanta only last...

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Moneylife Digital Team 07 July 2023
Customers of Zerodha Brokers Ltd on Friday faced issues in the BSE futures & options (BFO) segment on the Kite platform, the broker. Many suffered losses due to glitches and are demanding the broker to make up for their losses. Zerodha blamed its internet service providers (ISP) for the...

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Capital markets regulator Securities & Exchange Board of India (SEBI) has said that it will auction 61 plots of Saradha group and the proceeds of the auction will be distributed among the duped investors who lost their hard-earned money by investing in the multi-level marketing schemes of the...

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Moneylife Digital Team 09 June 2023
The National Stock Exchange (NSE) has warned investors about one Madhorao from Tirumala Trade and Lakshmi Rao, who are luring investors under the pretext of providing assured and guaranteed returns on investment in the stock market.   In two separate releases, the Exchange says, "(A)...

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Moneylife Digital Team 07 June 2023
Dismissing rulings from the below fora, the national consumer disputes redressal commission (NCDRC) clarified that Bajaj Capital Ltd, as a manager of the fixed deposit (FD) scheme of Plethico Pharmaceutical Ltd, is not responsible for paying maturity amounts or compensation to the...

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Moneylife Digital Team 20 May 2023
The Supreme Court-appointed expert committee investigating the volatility in Adani group stocks has endorsed the need to create a Central Unclaimed Property Authority (CUPA) “to bring sharp focus to the area of unclaimed properties such as securities, dividends and bank deposits belonging to...

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Moneylife Digital Team 08 May 2023
As many as over 1.96mn (million) investors of PACL Ltd, with a claim of up to Rs17,000, have received more than Rs919 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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Apple's new high-yield savings account has drawn nearly $1 billion in deposits in just four days of its launch, the media reported, amid a cascade of US bank failures, the latest being First Republic Bank.   On launch day alone, the Apple savings account, which gives 4.15 per cent...

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Moneylife Digital Team 05 April 2023
The National Stock Exchange (NSE) has issued two separate warnings about Naga Rathnam and Archana Patel who as the Exchange says, have been trying to cheat investors.   In a release, NSE says Archana Patel associated with Piramid Solution is operating through a mobile number...

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The Government has effected significant hike in interest rates of small savings schemes, like senior citizen saving schemes, national saving certificate (NSC), Sukanya Samriddhi Yojana and monthly income scheme (MIS). The new rates will be effective from April 1, 2023 till June 30, 2023, i.e...

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Moneylife Digital Team 20 March 2023
The Supreme Court (SC) has declined to stay the order passed by the Securities Appellate Tribunal (SAT), which had set aside the Securities and Exchange Board of India (SEBI)’s order in the National Stock Exchange (NSE) co-location (Colo) case.     According to the report by Bloomberg...

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Updated at 19.10 on 9 March 2023 to include a response from Saraswat Bank and the author   Saraswat Cooperative Bank Ltd is a scheduled bank. It is a ‘cooperative society’. It has recently released an ‘offer document’ that is for a Rs400 crore bond issue. The bonds have a life of 10...

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Alan Verghese 08 March 2023
There is a significant increase in the participation of women in business and finance, according to a report by a credit rating agency, CRIF Highmark, on International Women's Day. This is evident from new to-credit (NTC) originations to women borrowers.    The study shows the share...

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IANS 16 February 2023
The 'Father of the internet' and Google 'internet evangelist' Vint Cerf has warned businesses not to rush into making money from conversational AI just 'because it's really cool.'   The warning comes amid a surge in popularity for ChatGPT, reports CNBC.   "There's an ethical...

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Moneylife Digital Team 11 February 2023
The economic offences wing (EOW) of Amravati police in Maharashtra has filed a charge-sheet against Anugrah Stock & Broking Pvt Ltd (ASBPL), its proprietor Paresh Kariya, Anil Gandhi, proprietor of Teji Mandi Analytics Pvt Ltd (TMAPL), National Stock Exchange (NSE), Vikram Limaye, former...

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