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Come 18th July, 18% Goods and Services Tax (GST) will be applicable on bank cheque book/loose leaf cheques and 12% on maps, atlas, and globes   Similarly, unbranded but pre-packed curd, lassi, butter milk, food items, grains, etc, will be brought under the GST net from the exemption...

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Ten European consumer groups on Thursday filed new privacy complaints against Google, alleging that Google is using deceptive design, unclear language and misleading choices when consumers sign up to a Google account to encourage more extensive and invasive data processing.   Contrary...

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Bonnie Patten (TruthInAdvertising.org) 30 June 2022
Consumers can not afford to go it alone when it comes to atypical income claims.   In May 2022, TINA.org filed a comment concerning the US Federal Trade Commission (FTC)’s request for statements regarding its consideration of proposing a rulemaking to address deceptive or unfair...

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Moneylife Digital Team 30 June 2022
We had mentioned in Wednesday’s closing report that Nifty and Sensex will rise if the US markets stays firm. On Thursday, the indices opened gap down, and ended in slightly in the red. On the National Stock Exchange (NSE), 763 stocks advanced, 1,295 declined, and 69 remained unchanged with...

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Active COVID caseload in India crosses 1 lakh mark after 4 months 30-06-2022 10:40 India reported 18,819 new Covid cases in a span of 24 hours, which is a considerable rise from the previous day's count of 14,506, taking the caseload to over one lakh-mark after a gap of four months,...

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Moneylife Digital Team 29 June 2022
The Securities and Exchange Board of India (SEBI) has imposed heavy penalties in a 2015 ‘dark fibre’ case that saw certain brokers exploiting the National Stock Exchange’s (NSE’s) internet infrastructure to get faster connectivity to its co-location (Colo) facilities.   The market...

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Moneylife Digital Team 29 June 2022
The US Securities and Exchange Commission (SEC) has charged Ernst & Young LLP (EY) for cheating by its audit professionals on exams required to obtain and maintain certified public accountant (CPA) licences and for withholding evidence of this misconduct from the SEC's enforcement division...

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Moneylife Digital Team 29 June 2022
Unavailability and price rise of nitric acid has been a key concern for various chemicals companies. For instance, Aarti Industries faced shortage of nitric acid which impacted its specialty chemicals sales as it is a key raw material in the manufacturing of nitrobenzene. Growth in India’s...

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Moneylife Digital Team 29 June 2022
Market regulator Securities and Exchange Board of India (SEBI) on Wednesday allowed foreign portfolio investors (FPIs) to participate in the exchange-traded commodity derivatives (ETCDs) market. Under the mutual fund (MF) regulations, the SEBI board also removed the applicability of the...

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Moneylife Digital Team 29 June 2022
Alicon Castalloy Ltd (Alicon) was formerly known as Enkei Castalloy; its new name originated from combination of aluminium and icon to form Alicon. It manufactures aluminium castings, such as cylinder heads, support brackets, crankshafts and engine brackets, for the auto industry. Alicon...

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Major Gen SG Vombatkere (The Leaflet) 29 June 2022
Agnipath 2022 is the latest of schemes with large-scale, long-term national implications, pushed into implementation without discussion or consultation in Parliament.   ——————   The Tour of Duty scheme of recruitment for the Defence Services is catchily named ‘Agnipath’, and...

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Moneylife Digital Team 29 June 2022
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs57.50 lakh on the government-owned Indian Overseas Bank for non-compliance with certain directions issued by it on the classification and reporting of frauds by commercial banks and select FIs (financial...

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Moneylife Digital Team 29 June 2022
Securities and Exchange Board of India (SEBI) has asked PTC India Financial Services (PFS) not to make any changes to the company’s board until completion of the forensic audit.   Earlier in January, SEBI had asked PFS to address corporate governance and other issues raised by its...

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Moneylife Digital Team 29 June 2022
Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs1 lakh each on Coffee Day Enterprises Ltd and Coffee Day Trading Ltd for failing to disclose the pledged and unpledged shares of Mindtree Ltd to the companies and stock exchanges.   Coffee Day Trading (CDTL) is a...

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As fires in electric vehicles (EVs) continue unabated in the country, an expert committee set up by the Union road transport and highways ministry has found safety system flaws in batteries of electric two-wheelers (2W).   The electric 2W manufacturers took shortcuts in order to bump...

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Moneylife Digital Team 29 June 2022
Securities and Exchange Board of India (SEBI) has issued new adjustment rules for dividends in futures and options (F&O) scrips.   "It has been decided that the adjustment in derivative contracts shall be carried out in cases where dividends declared are at or above 2% of the market...

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Moneylife Digital Team 29 June 2022
Online coding provider WhiteHat Jr, the beleaguered platform under edtech giant BYJU's umbrella, has laid off around 300 employees, after more than 1,000 of its employees resigned after being asked to return to office in April-May.   This time, most of the fired employees belonged to...

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The Centre on Tuesday claimed that the ban on single use plastic (SUP) from July 1 would be implemented strictly across India by setting up state and national level control rooms, along with border points to check inter-state movement etc.   However, with punitive action delegated to...

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The US Federal Trade Commission (FTC) has sued retail commerce giant Walmart for allegedly allowing its money transfer services to be used by fraudsters, who fleeced consumers out of more than $197 million.   In its lawsuit, the FTC alleged that for years, the company turned a blind...

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Moneylife Digital Team 29 June 2022
On Wednesday, the indices opened gap down and ended with loss. On the National Stock Exchange (NSE), 822 stocks advanced, 1,220 declined, and 89 remained unchanged with advance decline ratio of 0.67.   The trend of the major indices on Wednesday’s trading are given in the table...

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