DAILY NEWS: OUR PICKS


Moneylife Digital Team 16 June 2022
Market regulator Securities and Exchange Board of India (SEBI) has imposed penalties totalling Rs23 lakh on three individuals in a case related to misrepresentation in the financial details of Indian Infotech and Software Ltd (IISL).   In its latest order, the market regulator has...

Read More



The Centre on Wednesday published the final notification for the Food Safety and Standards (Vegan Foods) Regulations, 2022 thereby specifying what constitutes vegan food, what kind of labelling/packaging will be required for it and the compliances for food business operators (FBOs)...

Read More



Apple is set to face another class-action lawsuit seeking damages worth $935 million in the UK over intentionally slowing down the performance of older iPhones to encourage customers to buy newer models.   Consumer rights campaigner Justin Gutmann is filing the lawsuit in the...

Read More



Moneylife Digital Team 15 June 2022
The Reserve Bank of India (RBI)-appointed administrator at Srei Equipment Finance Ltd has found fraudulent transactions worth more than Rs3,000 crore conducted over financial year (FY) 2019-20 and 2020-21. The fraudulent transactions were found by BDO India LLP, which acted as transaction...

Read More



After reports surfaced that ed-tech giant BYJU's, last valued at US$22bn (billion), is yet to file its financial statements for FY20-21 and FY21-22, the company said on Wednesday that it has completed the consolidation of businesses and will be filing its financial results this...

Read More



Moneylife Digital Team 15 June 2022
The Union Cabinet, on Wednesday, approved a proposal from the department of telecommunications (DoT) to conduct a spectrum auction by July end for providing fifth-generation (5G) services in India. A total of 72097.85MHz (megahertz) spectrum with a validity period of 20 years will be put to...

Read More



Civil aviation watchdog directorate general of civil aviation (DGCA) has imposed a fine of Rs10 lakh on Air India for denying boarding to passengers holding valid tickets.   After going through the airline's submissions, as part of enforcement action, the DGCA has levied the penalty,...

Read More



Moneylife Digital Team 15 June 2022
Market regulator Securities and Exchange Board of India (SEBI) has issued a circular saying investors, who are subscribing to mutual fund (MF) units from 1st August, will have the choice of providing nomination or opting out nomination. This will partly pave the way for standardisation of the...

Read More



Moneylife Digital Team 15 June 2022
The Central Board of Direct Taxes (CBDT) has notified the cost inflation index (CII) for financial year (FY) 2023 through a notification on 14 June 2022. The CII for FY23 relevant to assessment year (AY) 2023-24 is 331.    This notification will take effect on 1 April 2023 and will...

Read More



The Allahabad high court (HC) has directed the authorities concerned that in cases of marital discord filed under Section 498A of the IPC (Indian Penal Code) in which the maximum sentence is less than 10 years, no arrest should be made before the expiry of two-month 'cooling...

Read More



Leading virtual private network (VPN) service provider NordVPN on Tuesday announced it will remove servers from India over a recent cybersecurity directive from the Indian Computer Emergency Response Team (CERT-In).   Panama-based NordVPN joins Surfshark and ExpressVPN in removing its...

Read More



As mayhem continues across the crypto market, be it cryptocurrencies or Blockchain-based Decentralised finance (DeFi), there has also been a massive 88 per cent drop in Google searches for "buying NFTs", a new report said on Tuesday.   The term "buy NFT" has dropped down to a score of...

Read More



Craig Silverman  and   Ruth Talbot (ProPublica) 15 June 2022
This story was originally published by ProPublica.   The tech giant has long boasted that it doesn’t accept ads for firearms, but a ProPublica analysis shows that Google’s ad systems served up more than 100 million ads from gun makers.   For roughly two decades, Google has...

Read More



The Securities Appellate Tribunal (SAT) has directed the Securities and Exchange Board of India (SEBI) to conduct an independent inquiry against five brokers and persons associated with the brokers, and probe their role in the Rs5,600-crore NSEL (National Spot Exchange Limited) payment...

Read More



After getting more than 3,500 grievances against Swiggy and Zomato on its consumer helpline, the department of consumer affairs on Monday directed the two major e-commerce food business operators (FBOs) to furnish, within 15 days, ways to better address those problems.   The...

Read More



Moneylife Digital Team 14 June 2022
Last week, the Reserve Bank of India (RBI) decided to link credit cards with unified payment interface (UPI) platform, beginning with RuPay cards, to provide additional convenience to users and enhance the scope of digital payments. While the move looks good on paper, there are several issues...

Read More



Moneylife Digital Team 14 June 2022
Borrowing costs for non-banking financial companies (NBFCs) are seen rising 85-105 basis points (bps) this fiscal. However, overall profitability of NBFCs is expected to remain steady, cushioned by a reduction in credit costs with higher provisioning buffers of the past two fiscals to help...

Read More



Moneylife Digital Team 14 June 2022
Aditya Birla Fashion and Retail (ABFRL) is a part of Aditya Birla group, with retail space of 9.2mnsqft (million square feet) and a portfolio of aspirational fashion brands for sportswear, innerwear, business-wear, casual-wear and athleisure. Its leading brands include: Louis Philippe, Van...

Read More



Moneylife Digital Team 14 June 2022
Through subtle and implicit depictions, advertising reinforces certain harmful stereotypes and overlooks the aspirations of individuals and groups. A recent study by Kantar shows that 64% of consumers believe that advertising reinforces rather than helps eradicate harmful gender stereotypes....

Read More



Moneylife Digital Team 14 June 2022
Radico Khaitan (Radico) reported gross quarterly revenue of Rs813 crore, up 7.39% quarter-on-quarter (q-o-q) and 18% year-on-year (y-o-y). Operating profit was Rs80 crore, down 32.77% q-o-q and 20.79% y-o-y and net profit was Rs46 crore, down 40.25% q-o-q and 37.83% y-o-y. Indian-made foreign...

Read More

Free Helpline
Legal Credit
Feedback