LATEST


Moneylife Digital Team 17 June 2024
Market regulator Securities and Exchange Board of India (SEBI) has cancelled the certificate of registration (CoR) of Grovalue Financial Services Pvt Ltd (noticee), a registered research analyst, due to multiple violations of SEBI regulations. This decision followed a comprehensive inquiry...

Read More



Debashis Basu  and   Vijay NS 14 June 2024
There have been a lot of allegations about who made money on the stock market with specific knowledge about the election results. While a variety of allegations have been flung around, a look at both sale and purchase data tells an intriguing story, with different conclusions. There are clear...

Read More



It is too early to judge, but the salutary impact of the people’s election verdict is perhaps evident from the fact that we have moved from Modi Sarkar 3 or Modi 3.0 to NDA 3.0, despite a pliant media’s slow recognition of this change.    Prime minister (PM) Narendra Modi, after being...

Read More



Moneylife Digital Team 14 June 2024
The insurance regulatory and development authority of India (IRDAI) has announced several changes in insurance policies, including allowing policyholders to cancel the policy and get a refund for the remaining period and mandatorily asking insurers to provide loans on insurance products. IRDAI...

Read More



Chandramouli Mohan 14 June 2024
When you read this news, RBI Slaps Rs11.50 Lakh Penalty on 3 Cooperative Banks from Uttar Pradesh, you think the regulator penalises the banks that are non-compliant in transferring the unclaimed deposits to the depositor education and protection fund (DEAF) within the prescribed period.   It...

Read More



Moneylife Digital Team 14 June 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs1.45 crore on Central Bank of India for sanctioning a working capital demand loan to a corporation against receivable from government subsidies and failing to credit money to customer accounts in the unauthorised electronic...

Read More



Moneylife Digital Team 14 June 2024
Highlighting the lackadaisical attitude displayed by the banking ombudsman and Bank of Baroda (BoB) while handling a cyber fraud case of the bank customer, the Bombay High Court (HC) directed BoB to refund Rs76.9 lakh fraudulently debited from the customer's account with an interest of 6%pa...

Read More



Even while the coalition partners are slated to take office in the next few hours to form the new team at the Centre, it is interesting to note that the captains of the industry have, in a poll held by the Business Standard, emphasised the urgency to address the issue of unemployment in the...

Read More



Debayan Roy (Bar  and   Bench) 14 June 2024
The Central government told the Supreme Court (SC) on Thursday that candidates who got less than the allotted time to write the National Eligibility cum Entrance Test (NEET) undergraduate exam 2024 for medical college admissions will have the option to re-take the exam or forgo grace marks...

Read More



Moneylife Digital Team 14 June 2024
The Telecom Regulatory Authority of India (TRAI) says reports about the regulator planning to charge subscriber with multiple SIMs or using more numbering resournces are completely false. "Such claims are unfounded and serve only to mislead the public."   In a statement, TRAI says on 6 June...

Read More



Moneylife Digital Team 14 June 2024
The trends of the major indices in the course of the week’s trading are given in the table below:     The Indian stock market ended the week on a positive note, with the Nifty hitting a fresh record high on June 14. The Sensex closed at 76,992.77, up 181.87 points or 0.24%, while the Nifty...

Read More



Moneylife Digital Team 14 June 2024
The Bombay High Court is set to deliberate on a pivotal Public Interest Litigation (PIL) filed by Shobha Panchmukh, a distinguished child rights activist, aimed at catalysing comprehensive suicide prevention measures within educational institutions across Maharashtra. The PIL, slated to be...

Read More



Moneylife Digital Team 14 June 2024
INDIAN MARKET TRENDS From 7th June to 13 June 2024, ML Small-cap Index and ML Mid-cap Index rose 5% each. ML Large-cap Index rose 4%. ML Micro-cap Index and ML Mega-cap Index rose 2% and 1%, respectively. The NIFTY and the Sensex ended flat.     FUND FLOWS Foreigners: Foreign...

Read More



The antivirus app installed on your mobile device is expected to protect you, right? But what if the same app is also handing over your browser history to a major marketing company? In January 2020, PC magazine found out that user data was being shared between Avast and its subsidiary Jumpshot....

Read More



Moneylife Digital Team 14 June 2024
The first session of the 18th Lok Sabha will begin on 24 June 2024, during which newly elected members will take oath and the speaker will be elected, says Kiren Rijiju, Union minister of parliamentary affairs. Union finance minister Nirmala Sitharaman is expected to present the full Budget for...

Read More



Moneylife Digital Team 14 June 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs4.25 lakh on four cooperative banks for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs2 lakh has been imposed on Nandani Sahakari Bank Ltd from Maharashtra.   Other banks penalised by RBI are...

Read More



We often come across lengthy YouTube videos which may be useful but are time-consuming. We just want to know the summary of the content without having to go through the entire video.   Summarize.tech is a very useful tool to get a text summary of the entire video within seconds. Just head to...

Read More



Moneylife Digital Team 14 June 2024
The Chandigarh bench of the national company law tribunal (NCLT) has given the green light for the merger of Air India and Vistara, paving the way for forming India's most prominent international and second largest domestic carrier.   Last week, the two-member bench of NCLT noted that the...

Read More



I was told that at a ‘meet the press’ session, Dr Verghese Kurien, founder of the milk revolution in India – was asked a delicate question by one of the journalists. “What would you say are the three key elements that have made you so successful, Mr Kurien?” After a short pause, he replied,...

Read More



Moneylife Digital Team 14 June 2024
In May 2024, HDFC Bank and Infosys were the most preferred stocks of Indian mutual funds. The net purchases of HDFC Bank were Rs4,788 crore. Bajaj Finance and Hindustan Aeronautics were the most sold stocks. The net sales of Bajaj Finance were Rs1,926 crore and net sales of Hindustan...

Read More

Free Helpline
Legal Credit
Feedback