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IANS 16 February 2024
Ministry of Corporate Affairs has operationalised the Central Processing Centre (CPC) for centralised processing of corporate filings without requiring any physical interaction with the stakeholders as part of the continuing reforms to provide ease of doing business.   The Ministry...

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IANS 16 February 2024
Elon Musk-run X Corp banned a record 2,31,215 accounts in India between December 26 and January 25, mostly for promoting child sexual exploitation and non-consensual nudity.   The micro-blogging platform, going through a churning under Musk, also took down 1,945 accounts for promoting...

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IANS 16 February 2024
The Chairman and Managing Director of SpiceJet, and Busy Bee Airways Private Limited, have jointly submitted a bid for the cash-strapped GoFirst.   A SpiceJet airline official said that the bid has been submitted by Chairman and Managing Director Ajay Singh, in his personal capacity,...

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Moneylife Digital Team 16 February 2024
While upholding orders passed by fora below, the national consumer disputes redressal commission (NCDRC) directed Latur, Maharashtra-based Dhanalaxmi Nagari Sahakari Patsanstha Ltd to pay the entire dues under the double money scheme to two depositors.    In an order last month, the...

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Moneylife Digital Team 16 February 2024
Juniper Hotels Ltd (Juniper) is a luxury hotels company, having the largest number of ‘Hyatt’ affiliated hotels in India as of 30 September 2023. It operates a portfolio of seven hotels and serviced apartments, totalling 1,836 ‘keys’. Benefiting from a longstanding partnership spanning over...

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Moneylife Digital Team 16 February 2024
Pricol reported a good set of results for Q3FY23-24. Sales increased by 21% year-on-year (y-o-y), operating profit increased 33.1% and operating profit margin jumped 109bps (basis points) y-o-y at 11.84%. Net profit was up 27% y-o-y and net profit margin improved by 34bps y-o-y.  

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Moneylife Digital Team 16 February 2024
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...

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Ever struggled to find that one crucial file, link or media buried somewhere in your smartphone? Ruppu is your ultimate solution for quick access to all your important content, right in your notifications! Derived from the Sicilian dialect for 'knot', Ruppu symbolises the seamless...

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Moneylife Digital Team 16 February 2024
Talbros Automotive (Talbros), which specialises in automotive and industrial gaskets and also makes anti-vibration products, chassis systems, heat shields, sheet metals and forgings, reported excellent results in Q3FY23-24. Sales shot up by 25% year-on-year (y-o-y) to Rs199 crore. Operating...

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IANS 16 February 2024
In its verdict striking down the electoral bonds scheme, the Supreme Court observed that the majority of contribution through bonds has gone to political parties which are ruling parties in the Centre and the states.   It said that analysis of the annual audit reports of political...

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IANS 16 February 2024
Axis Bank said on Thursday that it has obtained all necessary regulatory approvals in connection with the purchase of shares of Max Life Insurance with regard to the public interest writ petition filed by BJP leader Subramanian Swamy.   A public interest writ petition has been filed...

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IANS 16 February 2024
The Haryana Real Estate Regulatory Authority (HARERA), Gurugram, has issued an advisory directing the city-based banks to comply with the provisions of the Real Estate (Regulation and Development) Act, 2016.   It has come to the notice of the Authority that real-estate promoters are...

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IANS 16 February 2024
The Delhi High Court has said that parole is a privilege, not a right, as it dismissed the plea of a realtor, Rakesh Kumar of Tirupati Associates, seeking an extension of his parole for six months.   Kumar, facing a staggering 182-year sentence for duping homebuyers, had been released...

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Moneylife Digital Team 15 February 2024
Expressing concerns over a payment intermediary operated by a card network, Reserve Bank of India (RBI) has asked the card network to keep all such arrangements under abeyance till further orders. RBI has not named the card network.    In a release, RBI says, it noted that a card...

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IANS 15 February 2024
Enhancing the protection of insurance policyholders, the Insurance Regulatory and Development Authority of India (IRDAI) has proposed to enhance the free look period to 30 days in the case of life and health insurance policies.   Free look period is the period during which a...

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IANS 15 February 2024
RBI governor Shaktikanta Das on Wednesday told the managing directors and chief executive officers (CEOs) of public and private sector banks that the customer grievance redress mechanism and protection of customers’ interests are of paramount importance for the safety and stability of the...

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Moneylife Digital Team 15 February 2024
The national company law appellate tribunal, while staying an order passed by the Mumbai bench of the national company law tribunal (NCLT) to initiate a corporate insolvency resolution process (CIRP) against Sporta Technologies Pvt Ltd, the parent of Dream11 fantasy sports platform, has...

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Moneylife Digital Team 15 February 2024
An expert committee set up by the insolvency and bankruptcy board of India (IBBI) has submitted its report on the framework and processes for mediation under the Insolvency & Bankruptcy Code (IBC/Code).   The committee has recommended a framework for introducing mediation as a...

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Moneylife Digital Team 15 February 2024
Bharat Electronics Ltd (BEL) manufactures and supplies electronic equipment and systems to the defence sector. It also has a limited presence in the civilian market. Despite setting a guidance of Rs20,000 crore by the end of Q3FY23-24, it has already received orders worth Rs26,761 crore and...

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Moneylife Digital Team 15 February 2024
Balu Forge Industries Limited (BFIL) supplies precision-engineered products, crankshafts and forging components suitable for automobiles, defence, railways and new energy space. With more than 30 years of experience in precision engineering, it makes finished and semi-finished crankshafts and...

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