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Moneylife Digital Team 08 November 2021
Capability vs cyclicality has been the debate in the investor community regarding Deepak Nitrite (DN). The previous month was a mixed bag for the stock. At the start of the month, investors were jubilant about DN’s future due to the power outage in China. However, after noticing the fall in...

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Sucheta Dalal Sucheta Dalal 22 October 2021
One outcome of the devastating, once-in-a lifetime pandemic is a grim realisation about our lack of preparedness for unexpected tragedies. Those who have lost loved ones over the past 20 months had to run the harrowing gauntlet of succession issues, while trying to come to terms with their...

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Ranganathan V Ranganathan V 22 December 2021
Coimbatore in south west Tamil Nadu is known as the Manchester of south India and, no wonder, that in the 1970s and 1980s, it offered a varied palette of companies in the manufacture of textiles and related businesses to the trading floor of the then vibrant Madras Stock...

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Moneylife Digital Team 17 January 2022
Raising serious questions on the valuation of Life Insurance Corporation of India (LIC) for its initial public offering (IPO), EAS Sarma, former secretary to the Indian government, has asked the ministry of finance (MoF) to put on hold the entire process of disinvestment of LIC and other...

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Moneylife Digital Team 14 August 2022
Veteran investor Rakesh Jhunjhunwala passed away of cardiac arrest at Breach Candy Hospital in Mumbai early on Sunday morning. Born on 5 July 1960, Mr Jhunjhunwala grew up in a Rajasthani family, in Bombay, where his father worked as a Commissioner of Income Tax. He graduated from Sydenham...

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R Balakrishnan R Balakrishnan 07 April 2022
India’s finest professionally-run business entity is soon going to be history. Housing Development Finance Corporation Ltd (HDFC Ltd), created by Hashmukh T Parekh and nurtured by his nephew Deepak Parekh, will soon become a ‘part’ of the bank it created. Hasmukhbhai Deepakbhai Finance...

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Moneylife Digital Team 16 July 2021
Market regulator Securities and Exchange Board of India (SEBI) has decided to introduce block mechanism in demat account of clients undertaking sale transactions from 1 August 2021. With the block mechanism, the time to return securities back to client's demat account would be...

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In a major victory for citizens, the legal department of the central information commission (CIC) has referred to an official circular dating back to 2016, to communicate that the CIC in appeals arising out of the COVID-19 pandemic, should accord precedence, for hearing.   Quoting its...

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Moneylife Digital Team 16 July 2021
The Reserve Bank of India (RBI) has imposed monetary penalties on Pune-based Udyam Vikas Sahakari Bank, and Sindhudurg-based Sawantwadi Urban Cooperative Bank, for non-compliance with various regulatory directions.   Udyam Vikas Sahakari Bank was penalised with Rs2 lakh penalty for...

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Who would have thought that accessing a bank locker would turn into a dangerous expedition, especially for senior citizens? Last week, we carried a report on how an 80-year-old diabetic man spent an entire night in Union Bank’s locker room due to the negligence of the Bank's staff. He...

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IANS 30 November 2021
India records 6,990 new cases of COVID, less than 10,000 for fourth straight day 30-11-2021 10:20 India reported 6,990 fresh Covid cases in the past 24 hours, below the 10,000-mark for fourth consecutive day, Ministry of Health and Family Welfare said on Tuesday morning. In the...

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Pratibha Kamath  and   Maya M 01 January 2022
It is that time of the year and we are back with our annual study of wealth creators. These are companies that have created the maximum wealth for their shareholders, over the previous 10-year period. This is the 16th year of the study and, as is our annual exercise, we will look back at the...

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Moneylife Digital Team 18 October 2021
Updated to include a response from ICICI Securities on resolving the issue   Many customers of ICICIdirect on Monday faced issues with login and placing orders on the website. ICICIdirect says the issues were due to system upgradation, and its services were not available. Even the...

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India reports 14,348 COVID cases, 805 deaths in past 24 hours 29-10-2021 10:40 In the last 24 hours, India registered 14,348 new Covid-19 cases, the Union Health Ministry said on Friday. In the same period, 805 new fatalities were reported, which increased the death toll to...

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Moneylife Digital Team 29 April 2022
Sunness Capital India Pvt Ltd (Sunness Capital) has become the 32nd defaulter broker since May 2019, to be expelled by the National Stock Exchange (NSE). According to NSE, the Bengaluru-based broker's trading rights have been withdrawn in equity, futures & options (F&O) and commodity segments...

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Yogesh Sapkale Yogesh Sapkale 24 September 2022
A very sophisticated Trojan, SOVA, which has re-emerged, is now targeting payment and banking apps on Android devices in India. Sova is the Russian word for owl. Last year, in September, it appeared on the dark web or underground markets with capabilities to harvest user names and passwords...

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Vinita Deshmukh Vinita Deshmukh 18 February 2022
A lot of ink has been spilled on the controversial issue of the Prime Minister’s Citizen Assistance and Relief in Emergency Situations (PM CARES) Fund, including on the debate on whether it is a public authority at all. However, its audit statement uploaded on the website is full of...

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Moneylife Digital Team 23 April 2022
The Bombay High Court (HC) held that “the minority/dissenting members cannot act against the will of the majority members of the society and obstruct the redevelopment.”    The HC made the observation while deciding an arbitration petition by a developer against four members of a...

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Moneylife Digital Team 06 August 2021
Market regulator Securities & Exchange Board of India (SEBI) says it has refunded Rs129 crore, including interest to 16,909 applications involving 45,451 accounts of investors of Sahara India Real Estate Corp Ltd (SIRECL) and Sahara Housing Investment Corp Ltd (SHICL). As on 31 March 2021,...

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Moneylife Digital Team 01 January 2022
While the Union government says nearly 58.9 million income-tax returns (ITRs) have been filed on the new e-filing portal as on 31 December 2021, the website, developed and maintained by Infosys Ltd, continues to frustrate taxpayers and chartered accounts (CAs) from across the country. Many...

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