The National Financial Reporting Authority (NFRA), the audit regulator, has pulled SRBC & Co LLP for failing to flag financial mismanagement in IL&FS Transportation Networks Ltd (ITNL) for FY2017-18.   In its audit quality review report (AQRR), the regulator says, "...it appears that...

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In further action against Karvy Stock Broking Ltd (KSBL), the Enforcement Directorate (ED) has issued a freezing order for shares of the group held directly and indirectly by KSBL chairman and managing director (CMD) Comandur (C) Parthasarathy, his sons, Rajat and Adhiraj, and their entities...

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If you find your hard-disk getting full or your Windows computer getting sluggish, you might like to do some clean-up using Storage Settings.   Just head to Settings from the Start button and look for Storage Settings. Once there, you may like to switch on Storage Sense. Having done...

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Real interest rates have turned negative in India (which means the interest rate is lower than inflation), as has happened in the US and Europe some years back. This has created many problems for savers, especially senior citizens, many of whom have kept most of their money safely with banks....

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INDIAN MARKET TRENDS From 17th September to 23 September 2021, the Sensex, the NIFTY, ML Mega-cap Index and ML Large-cap Index rose 1% each. ML Small-cap Index and ML Mid-cap Index ended flat. ML Micro-cap Index fell 1%.                                          

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Guidelines    1. The Grader captures the first two of the three intrinsic factors that drive a stock: valuation, returns and growth. Since growth is volatile and difficult to capture through a metric, we have used only the first two factors. In place of growth, we have provided...

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Last week, we had written about how the demerger of Suven Pharmaceuticals had generated phenomenal returns for investors. Another company which has generated healthy returns for its shareholders through the demerger route has been Solara Active Pharma Sciences (Solara). Solara was formed...

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Active COVID cases drop below 1% as India logs just over 29,500 new ones 25-09-2021 11:30 India on Saturday reported 29,616 fresh Covid cases in the past 24 hours. Of these, the highest number was reported from Kerala with 17,983 new infections and 127 fatalities. At the same...

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The Supreme Court of India had the advertisement banner of the Union government carrying an image of Prime Minister Narendra Modi removed from the footer of its official emails.   The Supreme Court registry was informed that the official emails of the apex court had an image as their...

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On 22nd September, there was a new twist to the Zee Entertainment Enterprises (ZEEL) drama when its board of directors granted in-principle approval to a merger with Sony Pictures Networks India (SPNI). More importantly, Punit Goenka, who the largest shareholder, Invesco Developing Market...

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The Competition Commission of India has passed a final order against three beer companies—United Breweries Ltd (UBL), SABMiller India Ltd (now renamed Anheuser Busch InBev India Ltd) and Carlsberg India Private Ltd (CIPL) for indulging in cartelisation in the sale and supply of...

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

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In a significant development, Maharashtra Chief Minister Uddhav Thackeray on Friday gave the green signal to reopen schools in the state, with restrictions, from October 4 onwards.   Physical classes will resume from October 4 for Classes 5-12 in rural areas but only for Classes 8-12...

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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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Over these many decades in India, corruption has set in, and firmly, in most activities in the country. The progress has been gradual- first hardly noticed; then reluctantly accepted; and still later, fully accepted, and just short of being legitimised!   Many years ago, I started a small...

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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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Mutual fund (MF) registrar and transfer agents (RTAs) KFin Technologies Pvt Ltd  (KFintech) and Computer Age Management Services (CAMS) Ltd yesterday launched an MF transaction portal called MF Central. This follows a directive in July by the Securities and Exchange Board of India (SEBI) to...

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After a series of cases where poor villagers have received crores of rupees in their bank accounts, a daily wager learnt that he was having Rs 9.99 crore in the Union Bank of India, Supaul branch. Interestingly, the labourer named Vipin Chauhan claims that he never opened an account in any...

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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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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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