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Moneylife Digital Team 25 May 2022
Civil aviation regulator, the Directorate General of Civil Aviation (DGCA) on Tuesday warned airlines against offering unserviceable seats to passengers on their domestic and international flights.   "This is to inform that it has come to notice of the DGCA that some of the scheduled...

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As a member of the consumer complaints committee (CCC) of the Advertising Standards Council of India (ASCI) for a few years, one noticed that two powerful personal-care companies had a nice trick to their fairness cream advertisements. These advertisements inevitably portrayed those with a...

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Moneylife Digital Team 24 May 2022
Market regulator Securities and Exchange Board of India (SEBI) on Monday announced changes to guidelines  for passive mutual fund (MF) schemes, aiming to boost exchange-traded funds (ETFs).   Further, the market regulator notified that the index shall not have over 25% weight in a...

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Moneylife Digital Team 24 May 2022
The tracking error for equity exchange traded funds (ETFs)/index funds cannot exceed 2% and the tracking difference for debt funds—averaged over one year—must be within 1.25%, as per the recent circular of the Securities and Exchange Board of India (SEBI) on passive mutual fund (MF)...

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Moneylife Digital Team 24 May 2022
Aether Industries Ltd (AIL) is a specialty chemicals manufacturer and has eight chemistry competencies including Grignard reaction, organolithium and other organometallic chemistry, ethylene oxide and isobutylene chemistry, hydrogenation, homogeneous & heterogeneous catalysis, cross-coupling...

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Moneylife Digital Team 24 May 2022
In Q4FY21-22, Balaji Amines Ltd (BAL) reported stellar set of numbers with revenue growth of 88% y-o-y (year-on-year) and 38% sequentially to Rs779 crore. This was backed by strong volume growth of 18% y-o-y and 22% q-o-q (quarter-on-quarter). Improved capacity utilisation pushed the volumes...

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The enforcement directorate (ED) on Tuesday grilled the National Stock Exchange's (NSE's) former chief executive officer (CEO) and managing director (MD) Chitra Ramkrishna at length at Tihar Jail in connection with the co-location (Colo) scam.   The financial probe agency is...

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After a week-long mayhem in the global crypto exchanges that wiped out hundreds of billions of dollars, a senior official at the International Monetary Fund (IMF) has said that the regulators must put up guardrails to protect innocent investors.   The shocking implosion of the...

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The dairy farmers of Tirupur are affected after the increased price of cotton seeds led to an increase in the price of cattle feed. Cotton seeds are a vital part of the cattle feed and are rich in protein and fibre.   Farmers told IANS that the price of cotton seeds has gone up from...

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Forced to pay service charges at a restaurant or food outlet of your choice? Are you aware this is entirely optional and voluntary and insistence on it as mandatory violates your right as a consumer?   The government has scheduled a meeting on 2nd June with the National Restaurant...

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The average bid price of coal at a recent spot e-auction conducted by Mahanadi Coalfields Limited rose more than 800% above the notified price, according to a representation by the Coal Consumers Association of India (CCAI), which has pointed this out as an example of how coal buyers in the...

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Enforcement Directorate (ED) raids were underway on Tuesday in more than six places in Jharkhand and Bihar in connection with the MGNREGA funds scam case involving suspended IAS Pooja Singhal.   Singhal, the Mining Secretary in Jharkhand, was dismissed from her post soon after her...

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Intensity of spending in information technology (IT) by BFS (Banking and Financial Services) firms continues to be strong going into 2022, following a good year in 2021, said brokerage house Kotak Securities.   "For example, Citi in its investor day in March announced a 10 per cent...

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Moneylife Digital Team 24 May 2022
We had mentioned in Monday’s closing report that Nifty and Sensex unimpressed by inflation-control measures. On Tuesday, the indices opened flat and ended with loss. On the National Stock Exchange (NSE), 549 stocks advanced, 1,528 declined, and 50 remained unchanged with advance decline ratio...

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Moneylife Digital Team 23 May 2022
South India Spinners Association (all members unanimously), on 22 May 2022, announced that it has decided to close all mills. “The members will not buy cotton until the cotton price situation is conducive for sustainability of mills,” it says, stopping all procurement of cotton. It has cited...

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Moneylife Digital Team 23 May 2022
The World Health Organisation (WHO) has started a discussion on monkeypox at its 75th World Health Assembly (WHA) that began in Geneva on 22nd May. A key agenda of the WHA is a 'pandemic accord' in which member countries will vote on proposed amendments to the International Health Regulations...

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India's central bank is mulling further rate hikes, said its governor Shaktikanta Das.   He also said the Reserve Bank of India (RBI) will not allow the rupee to depreciate and prevent volatility in the currency market.   In an interview to the CNBC TV18 channel, Mr Das also...

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High climatic temperatures affecting northwest India curbing wheat production and possible extended power outages exacerbating already high inflation and hurting growth is credit negative, said Moody's Investors Service on Monday.   The credit rating agency in a report said: "Over the...

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Parsa Venkateshwar Rao Jr (The Leaflet) 23 May 2022
The Supreme Court’s judgment last week in Union of India versus Mohit Minerals Pvt Ltd Through Director underscores the gap between the GST Council’s purely consultative mandate and the reality in which the states have willingly abdicated their right to tax in favour of an artificial cabal,...

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HSBC has reportedly suspended a senior executive who accused central bankers and other officials of exaggerating the financial risks of climate change.   Last week, Stuart Kirk, a leader in the Bank's responsible investing team, said: "There's always some nut job telling me about the...

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