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Moneylife Digital Team 17 January 2025
As many as 10 entities including four expert guests on Zee Business channel agreed to pay Rs5.96 crore and voluntary debarment of six months to settle a case involving trading based on non-public information (NPI) with market regulator Securities and Exchange Board of India (SEBI).    Zee...

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Varsha Torgalkar (IndiaSpend) 17 January 2025
It was the first day of Diwali, and Rupali Hukire (name changed), a 42-year-old beautician, hurriedly cleaned big buckets and steel pots. She draws water from her neighbour's borewell at a cost of Rs100 for 30 minutes of pumping. Though her home, in Khandavi village in the Barshi tehsil of...

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This is a QR code generating site. You can generate a QR code in less than 30 seconds, for free. You can create a QR code for your website URL, social media, app download, WiFi login, business cards and much more.   The beauty of this site is its simplicity. QR codes for a variety of purposes...

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Moneylife Digital Team 16 January 2025
Exposing a modus operandi of Pacheli Industrial Finance Ltd to boost its market-capitalisation to over Rs4,000 crore from Rs40 crore in just eight months, market regulator Securities and Exchange Board of India (SEBI) has ordered a detailed investigation, while barring the company and six other...

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Moneylife Digital Team 16 January 2025
On Thursday, 2150 stocks advanced, 2778 declined and 1188 remained unchanged, with an advance decline ratio of 0.77 on the Bombay Stock Exchange (BSE), indicating negative closing of stocks in broader markets.    The trend of the major indices on Thursday’s trading is given in the table...

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Moneylife Digital Team 16 January 2025
The Gurugram zonal office of the directorate of enforcement (ED) has attached immovable properties worth Rs224.08 crore of Vicinity Hotels Pvt Ltd, in the case of Krrish Realtech Pvt Ltd, Amit Katyal and others.   In a release, ED says it has provisionally attached immovable properties on 15...

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Moneylife Digital Team 16 January 2025
The Ahmedabad zonal office of the directorate of enforcement (ED) has frozen 37 bank accounts with a balance of Rs33.67 crore and seized two high-end Mercedees-make luxury cars in the bank fraud case against Electrotherm India Ltd and others.   In a release, ED says, "Ahmedabad zonal office...

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Moneylife Digital Team 16 January 2025
US short-seller Hindenburg Research, whose reports resulted in wiping out billions of dollars of Indian billionaire Gautam Adani and his companies, has decided to close down the business. Nate Anderson, founder of Hindenburg Research, announced the decision in a personal note on its...

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Sahyaja MS (Bar  and   Bench) 16 January 2025
The indefinite strike by 156 contractual and outsourced staff members of the Mumbai Bench of the National Company Law Tribunal (NCLT) entered its third day on Thursday, with employees citing extreme financial hardships due to delayed salaries.   The employees have alleged that have not...

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Moneylife Digital Team 16 January 2025
Due to return and refund policies of platforms, as many as 48% of online shoppers got stuck with a wrong product, while 20% of online shoppers surveyed received a fake or counterfeit product at least once in the past 12 months, reveals a survey by LocalCircles.    Consumers allege that some...

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Moneylife Digital Team 16 January 2025
Stallion India Fluorochemicals Ltd (Stallion), a Mumbai-based company, is in the business of selling refrigerant and industrial gases, along with related products. Its primary business activities include de-bulking, blending and processing refrigerant and industrial gases, as well as selling...

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Moneylife Digital Team 16 January 2025
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs17 lakh on Parag Salot, a registered research analyst (RA), for multiple regulatory violations, including mandatory annual audits for eight financial years.    In an order, Asha Shetty, adjudicating...

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Shirish Shanbhag 16 January 2025
Life in a cooperative housing society (CHS/the Society) comes with its own set of rules, rights and responsibilities. However, conflicts can arise when these are not clearly understood or followed. This week's Q&A addresses issues such as discriminatory policies toward tenants, the extent of...

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Although a citizen has alternatives to directly access records through channels like the courts or the charity commissioner’s office, the state information commissioner of Nagpur division in Maharashtra stated that “Transparency of funds received from various authorities and government...

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Moneylife Digital Team 15 January 2025
Small finance banks (SFBs) witnessed a strong growth momentum in FY22-23 and FY23-24, with expansion driven by buoyant credit demand and improved product offerings. However, given the industry-wide headwinds, specifically in the microfinance segment, rating agency ICRA expects SFB growth to...

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Sofi Ahsan (Bar  and   Bench) 15 January 2025
The Supreme Court on Wednesday rebuked the Central government and the Enforcement Directorate (ED) for making arguments contrary to the provisions of Prevention of Money Laundering Act (PMLA) to oppose bail petitions of accused.   The Court said that such a stance of the government showed its...

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Moneylife Digital Team 15 January 2025
Market regulator Securities and Exchange Board of India (SEBI) has proposed mandating listed companies to issue securities only in demat form following a stock split, consolidation of face value of shares and merger or demerger. This will encourage demat holding of securities, the market...

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Moneylife Digital Team 15 January 2025
A few days ahead of Donald Trump's inauguration as the 47th US president, the Securities and Exchange Commission (SEC) has filed a lawsuit against billionaire Elon Musk over an alleged securities violation relating to his acquisition of Twitter (now called X) in 2022. According to the SEC, Mr...

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Moneylife Digital Team 15 January 2025
On Wednesday, 2150 stocks advanced, 1096 declined and 1806 remained unchanged, with an advance decline ratio of 1.19x on the Bombay Stock Exchange (BSE), indicating positive closing of stocks in broader markets.   The trend of the major indices on Wednesday’s trading is given in the table...

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Moneylife Digital Team 15 January 2025
Impeached South Korean president Yoon Suk Yeol was detained on Wednesday, marking the first time a sitting president has been arrested in the nation's history. Mr Yoon is under investigation for a failed attempt to impose martial law.    His motorcade left his heavily guarded residence, which...

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