LATEST


Clinton Fernandes 17 September 2021
Asset management companies, Aditya Birla Sun Life AMC and ICICI Prudential AMC, have recently launched a new type of open-ended debt scheme that comes with a maturity date.    We will review the two schemes–ABSL Nifty SDL Plus PSU Bond Sep 2026 60:40 Index Fund and ICICI Pru PSU Bond...

Read More



Moneylife Digital Team 17 September 2021
INDIAN MARKET TRENDS From 9th September to 16 September 2021, ML Mid-cap Index rose 3%. ML Small-cap Index, ML Large-cap Index, ML Mega-cap Index and ML Micro-cap Index rose 2% each. The NIFTY and the Sensex rose 1% each.                                       FUND...

Read More



Clinton Fernandes 17 September 2021
HDFC Asset Management, the asset manager to HDFC Mutual Fund, has launched a new fund-of-funds (FoF) that will indirectly invest in 23 developed markets globally.   This is a unique scheme that offers exposure to various markets abroad under the same roof. Let us find out more about...

Read More



IANS 17 September 2021
The Supreme Court on Thursday held the moratorium under provisions of the Insolvency and Bankruptcy Code (IBC), which restrains initiation of any fresh proceedings or discontinuance of existing ones, does not protect the promoters of the stressed company, but applies only to the corporate...

Read More



Amitabha Banerjee Amitabha Banerjee 17 September 2021
At long last, Diego Alphonso Dias, known in our bank as DAD, bought our case for a third man in the dealing room, based on the logic that two dealers were needed to do forex trading, one at the Reuters monitor to track the rates and the other at the telex doing the deals. Two months of the...

Read More



Sucheta Dalal Sucheta Dalal 17 September 2021
Over the past few years, 80-odd companies have faced the ignominy of having their decisions overturned by collective action of institutional or retail investors. In a remarkable case last week, which could be a turning point of sorts in the battle for better management accountability, large...

Read More



Moneylife Digital Team 16 September 2021
In August 2021,Tata Consultancy Services  and HDFC Bank were the most preferred stocks of Indian mutual funds. The net purchases of Tata Consultancy Services were Rs1,473 crore. Infosys and Maruti Suzuki were the most sold stocks. The net sales of Infosys were Rs2,581 crore and net sales of...

Read More



Moneylife Digital Team 16 September 2021
The Indian government has decided to set up National Asset Reconstruction Co Ltd (NARCL) to aggregate non-performing assets (NPAs) in banks’ balance sheets and manage and dispose them professionally. "Along with NARCL, we are also setting up an India Debt Resolution Co Ltd (IDRCL)," says...

Read More



Moneylife Digital Team 16 September 2021
We had mentioned in Wednesday’s closing report that Nifty, Sensex were in a fresh upmove. On Thursday, the indices continued its rally and closed with decent gains.   On the NSE, there were 930 advances, 1,007 declines and 80 unchanged.   The trend of the major indices on...

Read More



Moneylife Digital Team 16 September 2021
The enforcement directorate (ED) on Thursday raided the home and office of Harsh Mander, a retired officer from the Indian Administrative Services (IAS) and human rights and peace worker. Interestingly the raids were carried out hours after the social activist and his wife left for Germany...

Read More



IANS 16 September 2021
  People of Bihar are surprised over crores of rupees being credited in the bank accounts of two children.   The incident appeared in Katihar district where two class 6 students, Ashish Kumar and Gurucharan Biswas received Rs 6,20,11,100 and Rs 90,52,21,223 in their bank...

Read More



Moneylife Digital Team 16 September 2021
With the Supreme Court mentioning (SC) the removal order as ‘awkward’, the Union government agreed to allow justice Ashok Iqbal Singh (AIS) Cheema to continue as acting chairperson of the National Company Law Appellate Tribunal (NCLAT) until 20 September 2021. Justice Cheema had approached...

Read More



Vinita Deshmukh Vinita Deshmukh 16 September 2021
The High Courts have a poor record of proactive disclosures under section 4 of the Right to Information (RTI) Act in terms of implementation and quality of dissemination of such information on their respective websites. This can be gauged from the fact that only 15 of the 24 High Courts have...

Read More



Moneylife Digital Team 16 September 2021
Abhay Bhutada, managing director (MD) and chief executive officer (CEO) of Poonawalla Fincorp Ltd (erstwhile Magma Fincorp) has resigned soon after market regulator Securities and Exchange Board of India (SEBI) barred him and seven others for insider trading in Magma Fincorp just before the...

Read More



IANS 16 September 2021
The Supreme Court on Wednesday said that one of the principal objects of the Insolvency and Bankruptcy Code (IBC) is providing for revival of the corporate debtor, and liquidation should be the last resort.   A bench of Justices L. Nageswara Rao, B.R. Gavai and B.V. Nagarathna said:...

Read More



Moneylife Digital Team 15 September 2021
In a curious turn of events, Inveso Developing Market Funds, which was welcomed by Zee Entertainment managing director (MD), Punit Goenka (elder son of Zee group founder Subhash Chandra), as a major investor in 2019, has now turned on him.   At Zee Entertainment, two largest...

Read More



Moneylife Digital Team 15 September 2021
"Look at the name; it is the Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund). It is not Modi care fund. If it was the Modi care fund, we would not have asked for the information. It is the prime minister and the PM is a public authority, a...

Read More



Moneylife Digital Team 15 September 2021
Demergers, especially in the chemicals sector, have been value-accretive for investors. Jubilant Ingrevia, Fairchem Organics, Privi Speciality Chemicals, Aarti Surfactants and the recently listed Meghmani Finechem are some of the stocks that have delivered enormous returns. Another stock,...

Read More



Moneylife Digital Team 15 September 2021
Giving a significant relief to telecom service operators, the Union Cabinet on Wednesday announced a moratorium or deferment of up to four years in annual payments of dues arising out of the adjusted gross revenue (AGR) judgement or spectrum payments. The Cabinet meeting headed by prime...

Read More



Moneylife Digital Team 15 September 2021
We had mentioned in Tuesday’s closing report that Nifty, Sensex were directionless. On Wednesday, the indices rallied and closed with decent gains. On the NSE, there were 1,262 advances, 695 declines and 2 unchanged.     Telecom stocks rose after a report by CNBC-TV18 said...

Read More

Free Helpline
Legal Credit
Feedback