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Moneylife Digital Team 14 June 2024
The Reserve Bank of India (RBI) has restored functionality to its automated sweep-in and sweep-out (ASISO) system following a technical disruption.   The glitch, which occurred on RBI's ASISO facility within the e-Kuber platform, temporarily hindered Bank’s access on Wednesday. This platform...

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Moneylife Digital Team 14 June 2024
Securities and Exchange Board of India (SEBI) has debarred background check company SecUR Credentials and its managing director (MD) Rahul Belwalkar from the securities market, for imposing significant restrictions due to alleged financial irregularities and corporate governance lapses. This...

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Moneylife Digital Team 14 June 2024
Ambuja Cements Ltd from the Gautam Adani-led Adani group will acquire Hyderabad-based Penna Cement Industries Ltd (PCIL) for an enterprise value of Rs10,422 crore. The deal will add 14MTPA (million tonnes per annum) capacity to the country's second largest cement manufacturer.   Ambuja...

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Moneylife Digital Team 14 June 2024
The Indian government has announced a recycling policy for various products like metals and plastic packaging. Regulations have been introduced whereby all the brand owners and manufacturers are required to have 30% recycled contents in their plastic packaging from FY25-26 and this limit would...

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Moneylife Digital Team 13 June 2024
The Bombay High Court (HC), while observing that the Maharashtra government's slum policy, through which private and public lands get converted into free tenement for encroachers once it is recognised as a slum rehabilitation area, is encouraging encroachment and thus turning an international...

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Moneylife Digital Team 13 June 2024
On Thursday, 2353 stocks advanced, 1536 declined and 95 remained unchanged, with an advance decline ratio 1.53 on the Bombay Stock Exchange (BSE), indicating positive closing of stocks in broader markets. The trend of the major indices on Thursday’s trading is given in the table below.   

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Moneylife Digital Team 13 June 2024
Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs7 lakh on Majestic Auto Ltd for the company's failure to obtain approval from the audit committee and shareholders for related party transactions (RPTs) during FY18-19.   In an order last week, Amar Navlani, adjudicating...

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Moneylife Digital Team 13 June 2024
Due to the complex nature of our jobs and other commitments in life, it may not always be possible for committee members of a cooperative housing society (CHS/Society) to be physically present for routine meetings. In fact, during the COVID-19 pandemic, the commissioner and registrar for...

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Moneylife Digital Team 13 June 2024
Securities and Exchange Board of India (SEBI) has levied a fine of Rs2 lakh following an adjudication order scrutinising the trading practices of specific entities associated with Ascom Leasing and Investments Ltd (noticee). This order investigates explicitly the misclassification of Saffron...

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Moneylife Digital Team 12 June 2024
The Securities and Exchange Board of India (SEBI) has imposed a fine of Rs1 crore each on Pradeep Pandya, former markets editor of CNBC Awaaz, and Alpesh Vasanji Furiya, a technical analyst, for engaging in fraudulent trading activities. The penalties follow a comprehensive investigation...

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Moneylife Digital Team 12 June 2024
The financial intelligence unit-India (FIU-IND) has slapped a penalty of over Rs1.66 crore on Axis Bank for 'failing' to detect a fraud account in the name of the National Security Guard (NSG), the country's counter-terrorist commando force. According to FIU-IND, the lender failed to establish...

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Moneylife Digital Team 12 June 2024
Taking cognizance of corporate governance issues at PTC India Financial Services Ltd (PFS), market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs25 lakh on Pawan Singh, former managing director and chief executive officer (MD&CEO) and Rs10 lakh on Rajib...

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Moneylife Digital Team 12 June 2024
Johnson & Johnson (J&J) has agreed to pay US$700mn (million) to settle an investigation by 42 US states and Washington DC into its marketing of baby powder and other talc-based products blamed for allegedly causing cancer, says a news report.   According to a report from Reuters, the...

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Moneylife Digital Team 12 June 2024
Steel processing industry is set to grow with healthy demand from end-user industries like automobiles, construction, power and oil & gas. Government emphasis on electric vehicles (EVs), including buses, is visible with new orders. The government is focusing on Gati Shakti, Jal Jeevan programme...

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Debayan Roy (Bar  and   Bench) 12 June 2024
The Supreme Court on Wednesday asked the Delhi government to file a report on the steps taken to tackle "water tanker mafias" who appeared to be diverting water supply meant to tackle the ongoing water crisis in Delhi.   A Vacation Bench of Justices Prashant Kumar Mishra and Prasanna B Varale...

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Gursimran Kaur Bakshi (The Leaflet) 12 June 2024
The three new criminal laws Bharatiya Nyaya Sanhita (BNS), Bharatiya Nagarik Suraksha Sanhita (BNSS), and Bharatiya Sakshya Adhiniyam (criminal laws), set to replace the Indian Penal Code, 1860; Code of Criminal Procedure, 1973 and the Indian Evidence Act, 1872 respectively, are due to come into...

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Moneylife Digital Team 12 June 2024
Securities and Exchange Board of India (SEBI) has launched a free, voluntary online certification exam for investors. This initiative, developed in collaboration with the National Institute of Securities Markets (NISM), aims to help investors test and enhance their knowledge of markets and...

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Moneylife Digital Team 12 June 2024
On Wednesday, 2554 stocks advanced, 1336 declined and 101 remained unchanged, on the Bombay Stock Exchange (BSE) with an advance decline ratio of 1.91, 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 11 June 2024
Mohan Bhagwat, the ‘sarsanghchalak’ (head) of the Rashtriya Swayamsevak Sangh (RSS), has expressed concern over peace eluding in Manipur even after one year of violence. "The situation in the strife-torn Northeastern state must be considered with priority," the RSS chief said. He also...

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Moneylife Digital Team 11 June 2024
As many as 28 ministers out of the 71 in the National Democratic Alliance (NDA) government led by Narendra Modi government have criminal cases against them, with 19 of them facing serious charges such as attempted murder, crimes against women and hate speech, shows an analysis by Association of...

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