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Sponsored Post 28 April 2021
What is a Neo-bank? Neo-banks are fintech companies providing 100% digital, cutting-edge banking services. They have done away with physical branches by moving all their services online and crafting digital banking solutions. The lack of physical branches helps neo-banks save on their...

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Tamil Nadu police are on a lookout for promoters of an investment firm after a mega fraud of Rs6,000 crore was detected in the state.   A Vellore-based LNS International Financial Services (IFS) has swindled a mammoth Rs6,000 crore from several investors across the state, including...

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Updated at 10.30 am on 22 June 2021 to add clarification from Catalyst Trusteeship   Lenders to DHFL are now voting on the revised distribution mechanism which seeks to allocate higher sums to small investors in fixed deposit and also full repayment for retirement funds related to...

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COVID’s virulent second wave has had a horrific impact on ‘people like us’ who believed that our social standing, savings and insurance would get us adequate healthcare and protection in a crisis.   The virus has shown us the deadly reality. Entire families have been wiped out; young...

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Sucheta Dalal Sucheta Dalal 15 July 2021
Is history repeating itself, with retail investors starting to trade algos without a regulatory structure in place? Until recently, we believed that there were two markets operating within our stock exchanges. One is what Michael Lewis described as the Flash Boys who have their servers...

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UPDATED on 1 June 2021 at 4.25pm to add link to donate to the family of Dr Rahul Pawar Dr Rahul Asha Vishwanath Pawar, a young, bright, and hard-working doctor, who has been working with COVID patients, succumbed to the deadly virus on 26 May 2021 after a long battle with coronavirus and...

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Moneylife Digital Team 02 November 2021
In what appears to be a strange occurrence, ICICI Securities Ltd (I-Sec), a subsidiary of ICICI Bank Ltd, has cautioned its customers about fake research reports being circulated in the name of ICICIdirect. One such research report is about an initial public offering (IPO) of a company, which...

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Moneylife Digital Team 24 March 2022
A joint platform of central trade unions (CTUs) and various sectoral independent trade unions have called for a two-day strike on 28th and 29th March 2022 to protest against the anti-people economic and anti-worker labour policies of the Union government. All India Bank Employees' Association...

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The withdrawal of a press release warning people about the possible misuse of Aadhaar data, after it went viral on social media, has only added to public anxiety and confusion rather than clarified matters. Here’s what happened.   On 27th May, the regional office of the Unique...

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As a member of the consumer complaints committee (CCC) of the Advertising Standards Council of India (ASCI) for a few years, one noticed that two powerful personal-care companies had a nice trick to their fairness cream advertisements. These advertisements inevitably portrayed those with a...

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Moneylife Digital Team 22 May 2021
A couple of years back we heard this tragic story about a well-off, retired couple. Mrs Iyer was diagnosed with stage IV cancer and passed away soon after. A year later, Mr Iyer was diagnosed with Alzheimer’s disease. Friends and extended family rallied around, wanting to help but were...

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Moneylife Digital Team 21 July 2021
The Union government says Justice (Retd) RM Lodha committee appointed by the Supreme Court had received about 1.50 crore claim applications from investors of PACL Ltd and is refunding money phase-wise and claim amount-wise depending upon the corpus available.   Responding to a...

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The State-run Bank of Maharashtra (BoM) has written off bad loans of over Rs11,204 crore of 42 big defaulters and Rs2,548.13 crore of small borrowers since FY13-14. However, over the past nine years, the Bank could recover less than 15% of the amount from both big defaulters, who had...

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Yogesh Sapkale Yogesh Sapkale 05 October 2021
Time and again, public sector banks (PSBs) in India, which are public authorities defined under the Right to Information (RTI) Act, avoid sharing information about big defaulters. State Bank of India (SBI), while refusing to share names, has still accepted that  it recovered a mere 11% or...

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Looking around, I was impelled to write about and reflect on the concept of reputation. Since time immemorial, reputation has been an aspect of personal value and wealth, ever present and recognized but never entirely definable.    It has been so with the reputation of individuals, of...

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Moneylife Digital Team 12 February 2022
After a long delay of over six years, the Securities and Exchange Board of India (SEBI) has issued yet another order which finally exposes the most shocking misgovernance at the National Stock Exchange (NSE) in the period when the colocation scam was happening. What is worse, it appears that...

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The Union government has clarified on the new goods and services tax rules (GST) on rent, which came into effect from 18th July. In a tweet, press information bureau (PIB) said that “renting of residential unit taxable only when it is rented to business entity." It further clarified that “no...

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Clinton Fernandes 24 April 2021
Mirae Asset has launched a new scheme that will give investors exposure to US-listed internet and tech giants like Apple, Tesla, Amazon and more. The fund house has launched an index exchange traded fund (ETF) that will track the NYSE FANG+ index. A fund of fund (FoF) scheme is also launched...

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IANS 07 December 2021
With more than six million paying users, and a 85% renewal rate, edtech unicorn BYJU's has had a glorious run in India, particularly since the COVID-19 pandemic began. However, behind this meteoric rise lie customer disputes related to refunds and deficiency of services, parents being pushed...

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Moneylife Digital Team 07 April 2021
The Reserve Bank of India (RBI) has asked all banks and non-banks to refund interest-on-interest to all borrowers for the six month moratorium period that ended on 31 August 2020.   The central bank also clarified that asset classification of borrower accounts by all lending...

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