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Moneylife Digital Team 06 May 2024
It appears that the worst for the home textiles segment is over; demand has picked up, as the high inventory level of global retailers is expected to decrease. The management has guided for 11%-12% growth in revenues, in FY24-25, on account of demand revival and for operating profit margin to...

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Akshay Naik 03 May 2024
A new book, The Psychology of Memory, explores the fascinating science of memory, offering practical tips to improve recall. Authors Dr Megan Sumeracki and Dr Althea Need Kaminske, who are US –based psychologists, emphasise that losing everyday items such as keys is a common experience and that...

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Moneylife Digital Team 26 April 2024
Tejas Networks Ltd (TNL) declared its Q4FY23-24 results on 22April 2024. We had discussed the company’s business here. On all parameters, this proved to be a blockbuster quarter for the company. Net sales increased 343% year-on-year (y-o-y) to Rs1,327 crore. While this included production...

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Debayan Roy (Bar  and   Bench) 23 April 2024
The Supreme Court on Tuesday questioned the Central government over its failure to invoke the Drugs and Cosmetics Rules of 1945 against Patanjali Ayurved for broadcasting and publishing misleading advertisements [Indian Medical Association & Anr v. Union of India and Ors].   Pertinently, a...

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Moneylife Digital Team 29 April 2024
While refusing to intervene in the 2020 merger of Tamil Nadu-based Lakshmi Vilas Bank (LVB) with DBS Bank India Ltd (DBIL), the Madras High Court (HC) has asked the Reserve Bank of India (RBI) to conduct a fresh valuation of the assets and shares of both LVB and DBIL to determine any reduction...

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Moneylife Digital Team 30 April 2024
Holding an audit firm and a chartered accountant (CA) guilty of professional misconduct, the national financial reporting authority (NFRA) imposed a penalty of Rs1.60 crore on them for showing negligence in the audit of electrical company CMI Ltd for FY18-19 to FY21-22. NFRA slapped a penalty...

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Meera Emmanuel (Bar  and   Bench) 30 April 2024
The Supreme Court on Tuesday slammed the Uttarakhand State Licensing Authority (SLA) for its failure to take inaction against Patanjali Ayurved for years together.   A Bench of Justices Hima Kohli and Ahsanuddin Amanullah said that the SLA appears to have chosen to act against Patanjali's...

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Moneylife Digital Team 23 April 2024
JNK India Ltd (JNK) is in the business of manufacturing process-fired heaters, reformers and cracking furnaces, collectively referred to as ‘heating equipment’, necessary for process industries like oil & gas refineries, petrochemicals and fertiliser industries. It has capabilities in thermal...

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Moneylife Digital Team 30 April 2024
Holding four Indian affiliates of Ernst & Young Global (EYG) responsible for professional misconduct and reaping benefits of affiliation with EYG for influencing prospective clients, the Institute of Chartered Accountants of India (ICAI) directed these four firms to stop their existing...

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Moneylife Digital Team 02 May 2024
Rapid expansion of industry requires the support of quick and reliable logistics. Also, the cost of logistics plays a major role. Various segments of the logistics sector are estimated to witness 8% to 15% compounded annual growth rate (CAGR) over the next two-three years. In Q4FY23-24, the...

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Moneylife Digital Team 17 May 2024
The booming market for pre-IPO placements, particularly in small and micro-cap companies, has been jolted by market regulator Securities and Exchange Board of India (SEBI), making merchant bankers and high net-worth individual (HNI) investors anxious. Referring to Section 42(2) of the Companies...

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Moneylife Digital Team 29 April 2024
After coming across instances of lenders resorting to certain unfair practices in charging interest, Reserve Bank of India (RBI) has directed all regulated entities (REs) to review their practices regarding the mode of disbursal of loans, application of interest and other charges and take...

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Moneylife Digital Team 06 May 2024
While upholding an order passed by the state commission, the national consumer disputes redressal commission (NCDRC) directed IDBI Bank Ltd to pay Rs42.80 lakh along with interest at 6%pa (per annum) to a customer for failing to detect and prevent processing of a cheque with a forged signature....

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Moneylife Digital Team 08 May 2024
Aadhar Housing Finance Ltd (AHFL) is a housing finance company (HFC) focused on the low-income housing segment (ticket size less than Rs15 lakh) in India. It had the highest assets under management (AUM) and net worth among its peers in FY20-21, FY21-22, FY22-23, and 9MFY22-23 and 9MFY23-24....

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Moneylife Digital Team 17 May 2024
In a landmark move, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has become India's first and only housing regulatory body to issue detailed regulations for retirement housing projects after model guidelines were issued by Union ministry of housing and urban affairs (MoHUA) in...

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Moneylife Digital Team 22 April 2024
The recent revelation of a scandal involving the misappropriation of land designated for farmers' welfare has ignited a wave of public indignation. Back in the 1960s, the agriculture produce marketing committee (APMC) of Surat (Gujarat), had been granted land by the state government with the...

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Moneylife Digital Team 22 April 2024
On 22nd April, the national company law tribunal (NCLT) in Delhi accepted Indiabulls Housing Finance's (IBHF) petition for personal insolvency against Subhash Chandra, the chairman emeritus of Zee Entertainment Enterprises Limited (ZEEL), due to guarantees provided to Vivek...

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Moneylife Digital Team 08 May 2024
Holding State Bank of India (SBI) deficient in service in respect of lapses in the due care and attention to the safety and security of its locker, the national consumer disputes redressal commission (NCDRC) asked SBI to pay a compensation of Rs10 lakh to the customer. NCDRC, however, reduced...

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Neha Joshi (Bar  and   Bench) 17 May 2024
Justice Gautam Patel bid farewell to the Bombay High Court on April 25, leaving behind a legacy of eloquently written judgments which were sometimes witty, and sometimes, a bit theatrical.   In his ‘final act’ as a judge, during the first ever held full court reference for a farewell, the...

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Moneylife Digital Team 03 May 2024
Reserve Bank of India (RBI) has lifted restrictions placed on Bajaj Finance Ltd on sanction and disbursal of loans under two lending products, 'eCOM' and 'Insta EMI Card'. In November last year, RBI imposed restrictions on Bajaj Finance due to non-adherence to digital lending guidelines,...

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