DAILY NEWS: OUR PICKS


R Balakrishnan R Balakrishnan 21 October 2021
Building or creating wealth is a question before a lot of people. They have now progressed to having a steady income stream, probably as a beneficiary of the groundwork laid by the previous generation. There is no pressure on the income that is earned—they have large surpluses. This set of...

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Moneylife Digital Team 21 October 2021
Market regulator SEBI has warned registered investment advisers (IAs) not to engage in the unregulated activity by providing a platform for buying, selling or dealing in unregulated products, including digital gold.   In a statement, the market regulator says, “Undertaking such...

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Moneylife Digital Team 21 October 2021
Regulated coal supplies to nonpower sectors and allowing participation of captive miners amid an increase in production by the critical supplier - Coal India - may help corporate India avoid what appeared to be a major power crisis in the making until recently. However, the threat still looms...

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Vinita Deshmukh Vinita Deshmukh 21 October 2021
In this 16th year of the Right to Information (RTI) Act 2005, the one thing that continues to cripple the Act’s efficacy is the pathetic performance of information commissioners, reflected in the backlog of second appeals and complaints piled up across the country. As of now, a whopping 2.56...

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Moneylife Digital Team 21 October 2021
Jubilant Ingrevia Ltd (JIL) is a classic example of what happens when a high-growth company delivers results below market expectations. After the results were announced, the stock tanked 14% from the previous day’s close, erasing all the gains of one month in an hour. We have previously...

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The Supreme Court on Thursday reiterated that farmer groups have the right to protest, but they cannot keep roads blocked indefinitely. The top court has sought response from Samyukt Kisan Morcha (SKM), an umbrella body of farmer unions, and other farmer unions on a petition filed by a woman...

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Moneylife Digital Team 21 October 2021
Edible oil inflation in India will remain in double digits in the near term, even with the recent steep cuts in the import duty by the government due to the country's high import dependence on edible oils, says a research note. Vegetable oil has been among the top 10 principal commodities in...

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The Reserve Bank of India has imposed monetary penalties on two payment system operators -- Paytm Payments Bank Ltd (PPBL) and Western Union Financial Services Inc (WUFSI) -- as deficiencies were found in regulatory compliance.   The RBI imposed a Rs 1 crore monetary penalty on Paytm...

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Moneylife Digital Team 20 October 2021
The production linked incentive (PLI) scheme has given a much-needed booster dose to flailing capital expenditure (capex). Without it, capex would have likely taken nearly two years to touch pre-pandemic levels. The actualisation of the scheme will result in aggregate industrial capex rising...

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Moneylife Digital Team 20 October 2021
Coming down heavily on tax officials, the Bombay High Court (HC) has warned that it will impose substantial cost if the income tax (I-T) department continues to pass orders "without application of mind."   In a strongly worded order, the bench of justice KR Shriram and justice Amit B...

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Moneylife Digital Team 20 October 2021
JB Chemicals & Pharmaceuticals Ltd (JBCPL) is a great example of how change in management can alter market perception towards the company. In 2020, KKR bought 54% stake from promoters of JBCPL for Rs3,100 crore. From the date of announcement of the acquisition (2 July 2020) to the present...

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Moneylife Digital Team 19 October 2021
Gross non-performing assets (NPAs) of Indian banks will rise to 8%-9% this fiscal, well below the peak of 11.2% seen at the end of fiscal 2018. COVID-19 relief measures such as the restructuring dispensation, and the emergency credit line guarantee scheme (ECLGS) will help limit the rise,...

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Moneylife Digital Team 19 October 2021
The economic offences wing (EOW) of Delhi police has arrested three persons for siphoning off Rs300 crore taken as loan from Yes Bank. Those arrested include Yateesh Wahal and Satish Kumar Narula, both directors of former corporate lobbyist Nirra Radia's Nayati Healthcare & Research NCR Pvt...

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Moneylife Digital Team 19 October 2021
The National Stock Exchange (NSE) has expelled Chennai-based First Futures And Stocks Pvt Ltd due to a shortfall of client funds and non-resolution of investor complaints. With this expulsion, the number of brokers expelled by NSE since January 2018 has gone to 35.   In a release, the...

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Moneylife Digital Team 18 October 2021
Market regulator Securities & Exchange Board of India (SEBI) has asked registrars to issue and share transfer agents (RTAs) to transmit securities in favour of surviving joint-holder(s) in the event of the demise of one or more joint holder(s).     In a circular, SEBI says,...

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Moneylife Digital Team 18 October 2021
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs1.95 crore on Standard Chartered Bank - India (StanChart) for non-compliance with RBI's directions on customer services.    RBI found StanChart failed to credit the amount involved in the unauthorised electronic...

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Venkatachari Jagannathan (IANS) 18 October 2021
Transparency is certainly at a premium in cash-rich Insurance Regulatory and Development Authority of India (IRDAI) that had earned over about Rs268 crore during FY19-20, mostly from policyholders and has fixed deposits of over Rs1,450 crore, a senior official said.   While...

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Moneylife Digital Team 18 October 2021
Recent changes made by the Securities and Exchange Board of India (SEBI) will tighten the rules governing related-party transactions (RPT) and ease the delisting process, says Fitch Ratings.   In a note, the ratings agency says, "The revised RPT norms will widen the scope of scrutiny...

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Moneylife Digital Team 18 October 2021
As many as 31 companies, including 16 micro, small and medium enterprises (MSMEs) and 15 non-MSMEs comprising eight domestic and seven global companies, have received approval under the production linked incentive (PLI) scheme of the department of telecommunications (DoT).    Eligible...

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Mumbai has lost 81 per cent of open land, 40 per cent green cover and nearly 30 per cent of its water bodies between 1991 and 2018 while the built-up area has increased by 66 per cent during the same period, a recent study has found.   This loss of open land (barren spaces without any...

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