INVESTOR INTEREST


Moneylife Digital Team 23 July 2021
Food delivery aggregator platform Zomato made a superhit, euphoric debut on the bourses on Friday, listing at Rs 116 per share (of face value Re 1) on the NSE, at a 52.63% premium over its issue price of Rs 76 per share. On listing day, Zomato entered the rarefied elite club of listed...

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The recent cases of intervention by the stock market regulator and stock exchanges in preferential allotment of listed companies such as PNB Housing, LIC Housing Finance and Barbeque Nation have brought to fore an important but fundamental point. It may be recalled that the articles of...

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Moneylife Digital Team 23 July 2021
We had mentioned in previous week’s closing report that Nifty, Sensex were on an uptrend. The major indices suffered a correction during the week,  recovered slightly and ended with minor losses.   The trend of the major indices in the week is given in the table:  

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Moneylife Digital Team 23 July 2021
INDIAN MARKET TRENDS From 16th July to 22 July 2021, ML Micro-cap Index and ML Small-cap Index rose 2% and 1%, respectively. ML Mega-cap Index ended flat. The Sensex, ML Mid-cap Index, ML Large-cap Index and the NIFTY fell 1% each.     FUND FLOWS Foreigners:...

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Moneylife Digital Team 23 July 2021
The National Company Law Appellate Tribunal (NCLAT) has refused to grant a stay on the implementation on Piramal Capital and Housing Finance Ltd's resolution plan for troubled mortgage lender Dewan Housing Finance Ltd (DHFL). Mumbai-based financial services company 63 moons technologies Ltd...

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It is a wonderful season at the capital markets. Name familiarity and the lure of big and quick money are helping some wonderful things happen. Look at the initial public offerings (IPOs). No, it does not matter if the companies making the IPOs are loss-making. So many new ideas, so many...

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In major changes to e-commerce rules, the Ministry of Consumer Affairs has specified that an e-commerce marketplace entity shall not sell any goods owned or controlled by it on such e-commerce marketplace platform. All the sellers on the platform shall only be third party sellers, and no...

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Moneylife Digital Team 23 July 2021
This is an interesting micro-cap company which has 40% of global market share in its niche business. T&I Global (TIGL) manufactures and exports customised processing equipment for CTC (crush, tear, curl), orthodox and green tea. TIGL also offers customised drying solutions for the food and...

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Clinton Fernandes 22 July 2021
Nippon India Mutual Fund (NIMF) has launched a new open-ended equity scheme that will invest flexibly across market-capitalisation (m-cap) and sectors.    The Nippon India Flexi Cap scheme plans to consider large-cap stocks for stability and mid- and small-cap stocks for growth...

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Moneylife Digital Team 22 July 2021
Market regulator Securities and Exchange Board of India (SEBI) has proposed a swing-pricing mechanism to protect mutual fund (MF) investors in the  event market dislocation. Swing pricing mechanism shall be initially mandated only for all open-ended debt schemes that have high or very high...

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Moneylife Digital Team 22 July 2021
We had mentioned in Tuesday’s closing report that Nifty, Sensex may rise. The markets were closed on Wednesday. On Thursday, the indices opened higher and closed with major gains. On the NSE, there were 1,369 advances, 638 declines and 49 unchanged.   The trend of the major indices on...

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Facebook CEO Mark Zuckerberg is selling his stock very fast and since November 9, 2020, he has unloaded shares almost every business day which amounts to 9.4 million shares worth $2.8 billion, the media reported.   According to a Forbes report citing filings with the US Securities and...

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Moneylife Digital Team 22 July 2021
Tube Investments of India Limited (TII), a Murugappa group company, is one of India’s leading manufacturers of engineered products used by auto companies, railways, construction, mining, agriculture and others. We did an article on TII a year ago here; a lot has changed for the better since...

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The Reserve Bank of India (RBI) had allowed IDFC to exit the IDFC First Bank.   In a regulatory filing made to the BSE, IDFC said that RBI on July 20 clarified that "after the expiry of lock-in period of 5 years, IDFC Limited can exit as the promoter of 'IDFC FIRST Bank...

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In the past couple of weeks, I have written about how the Securities and Exchange Board of India (SEBI) wants to permit new stock exchanges and depositories with disruptive technology and vastly liberalised entry norms. This hurried proposal, if implemented, would be one of the biggest market...

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Moneylife Digital Team 21 July 2021
The National Company Law Appellate Tribunal (NCLAT) has stayed Vedanta group's winning bid for debt-laden Videocon Industries Ltd after an appeal by dissenting creditors—Bank of Maharashtra,  and IFCI, which were unhappy with the paltry value realised through the resolution.   A...

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Moneylife Digital Team 21 July 2021
Financial creditors, including banks, realised Rs2.45 lakh crore from approved resolution plans for 394 corporate insolvency resolution cases under the Insolvency and Bankruptcy Code (IBC) as on 30th June, minister of state for finance Pankaj Chaudhary informed the Lok Sabha on...

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Moneylife Digital Team 21 July 2021
The Insolvency and Bankruptcy Board of India (IBBI) has issued amended notification for the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations 2016, which will be effective from 14 July 2021.    In a release, the ministry of corporate affairs (MCA) says, the...

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Moneylife Digital Team 21 July 2021
LIC Housing Finance Ltd has approached the Securities Appellate Tribunal (SAT) over the company’s preferential allotment of shares to its parent Life Insurance Corp of India (LIC).   Securities and Exchange Board of India (SEBI) as well as BSE and National Stock Exchange (NSE) have...

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Moneylife Digital Team 21 July 2021
The Reserve Bank of India (RBI) has cancelled certificate of registration of four non-banking finance companies, one each from Haryana, Kerala, Telangana, and New Delhi. Separately, the central bank says, seven NBFCs have surrendered their certificate of registration, including Macquarie...

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