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Moneylife Digital Team 08 August 2022
During the past three years, enforcement agencies working under the Union government have registered 196 cases involving 219 companies, the Lok Sabha was informed.    In a written reply, the minister of state for finance revealed, the government and enforcement agencies have taken...

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Moneylife Digital Team 08 August 2022
During the past five years, life and non-life insurance companies have transferred Rs1,723.20 crore to the Senior Citizens' Welfare Fund (SCWF) as per the provisions of Senior Citizens' Welfare Fund Rules, notified by the government of India and a master circular issued by the Insurance...

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SpiceJet's Hyderabad-Delhi flight passengers had to walk on the Delhi airport's tarmac as the bus meant to carry them got delayed for nearly 45 minutes.   Aviation regulator, the directorate general of civil aviation (DGCA) has started investigation into the matter which took place on...

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A Special court here on Monday sentenced former Coal Secretary H.C. Gupta to three years imprisonment and former Joint Secretary K.S. Kropha to two years jail term in a case related to the allocation of the Lohara East Coal block in Maharashtra.   Special CBI Judge Arun Bhardwaj also...

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After unearthing the use of industrial alcohol in the illicit liquor manufacturing, the Rajkot Municipal Corporation (RMC) health officers have detected another scam. Industrial grade maize starch and chemical grade citric acid were being used for making snacks for devotees fasting in the...

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Moneylife Digital Team 08 August 2022
Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) reported out-of-the-park numbers in Q1FY22-23. Top-line registered an exceptional growth of 59% y-o-y (year-on-year) and 51% q-o-q (quarter-on-quarter) to Rs3,031 crore. This was on account of strong pricing environment in the TAN...

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Moneylife Digital Team 08 August 2022
In Q1FY22-23, PI Industries (PI) reported strong revenue growth of 29% y-o-y (year-on-year) to Rs1,543 crore, backed by 42% y-o-y growth in CSM (custom synthesis manufacturing) segment. The rise in CSM business was on the back of volume growth of 30% y-o-y, due to ramp-up of newer molecules...

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Moneylife Digital Team 08 August 2022
Laurus Labs’ (Laurus) Q1FY22-23 results instilled confidence in investors regarding its target of achieving US$1bn (billion) in sales in FY22-23. It delivered a revenue growth of 20% y-o-y (year-on-year) to Rs1,539 crore, driven by stellar growth in custom synthesis division. API (active...

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With the implementation of Survey of Villages Abadi and Mapping with Improvised Technology in Village Areas (SVAMITVA) scheme and work from home culture getting in vogue, there is a spurt in housing loan demand in tier 3 and 4 districts. The growth has been registered more in the female...

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Masayoshi Son, Founder and CEO of Japanese investment group Softbank, on Monday warned unicorns and startups to prepare for a harsh and longer funding winter ahead, as the company posted disastrous results for the second straight quarter this year.   In the earnings call after...

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Moneylife Digital Team 08 August 2022
On Monday, the indices opened flat and ended with gain. On the National Stock Exchange (NSE), advance decline ratio was at 1.25, indicating positive sentiment in broader markets.   The trend of the major indices on Monday’s trading are given in the table below:     On...

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Moneylife Digital Team 05 August 2022
Guidelines    1. The Grader captures the three factors that determine investments: valuation, returns and price strength. Our grader captures these three parameters    2. In this system, A is a higher rank than B and so on. Since, in valuation lower is better, we have ranked...

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Sucheta Dalal Sucheta Dalal 05 August 2022
The Securities Appellate Tribunal (SAT) has done it again. On 2 June 2022, it issued a brief 9-page order which throws out of the window the very philosophy of disclosure-based regulations that have underpinned all of SEBI’s (Securities and Exchange Board of India’s) actions for three...

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Debashis Basu Debashis Basu 05 August 2022
While filing taxes for the financial year (FY) 2021-22, active investors had mixed feelings. If they made large gains, they needed to pay substantial taxes. But they are perhaps in loss so far, in the current financial year, because the stocks have been in a 'bear market'. It is an unpleasant...

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Yogesh Sapkale Yogesh Sapkale 05 August 2022
Scheduled commercial banks (SCBs) have written off non-performing assets (NPAs) worth over Rs9.92 lakh crore during the past five financial years (FYs), the Rajya Sabha was informed. While public sector banks (PSBs) have refused to share with citizens the names of big defaulters under the...

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Moneylife Digital Team 05 August 2022
Nearly 130mn (million) investors have investments of over Rs1.12 lakh crore 'stuck' in six companies of the Sahara group. Market regulator Securities and Exchange Board of India (SEBI) has been facilitating the repayment of principal and interest to the investors who invested in...

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Shrirang V Samant 05 August 2022
The tragic death of singer KK in Kolkata must be fresh in everyone’s mind. It was during a concert that he suffered a cardiac arrest and died while being taken to the hospital. While the cause of the singer’s death remains unknown, questions were being raised about the arrangements at the...

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Yogesh Sapkale Yogesh Sapkale 05 August 2022
Given that e-commerce involves a virtual shopping experience, without an opportunity to physically view or examine the product, consumers heavily rely on reviews posted on e-commerce platforms to see the opinion and experiences of users who have already purchased the goods or...

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Amitabha Banerjee Amitabha Banerjee 05 August 2022
After T (the terminator) left, a new general manager (GM) arrived – David Moore. He was the total antithesis of T—short, thin, thick blond hair, no glasses and a mousy countenance. Rumour had it that the managing director (MD) had selected him because he had hated having a domineering GM who...

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The past couple of years have underlined the importance of having adequate health insurance cover and also exposed the limitations of regular health policies. Many COVID-19 claimants received only half of the claimed amount and had to pay the balance from their pockets, despite having health...

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