INVESTOR INTEREST


Moneylife Digital Team 22 September 2021
Shareholders of IDFC Ltd on Wednesday rejected the proposal to appoint Vinod Rai as a non-independent, non-executive director of the company. Over 62% of shareholders voted against the proposal, the company says in a regulatory filing. Currently, Mr Rai, former comptroller and auditor general...

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Moneylife Digital Team 22 September 2021
We had mentioned in Tuesday’s closing report that Nifty, Sensex may rise if global selloff stops. On Wednesday, the indices opened higher but lost all gains and closed with minor losses.   On the NSE, there were 1,358 advances, 659 declines and 1 unchanged.   The trend of the...

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Ranganathan V Ranganathan V 22 September 2021
Many societies constantly debate the need for letting terminally sick patients choose a way to end the suffering that cannot be medically relieved. Auditing is almost at the threshold of such a situation.    Its allure is constantly slipping out of the reckoning of the very...

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Moneylife Digital Team 22 September 2021
Like many other textiles stocks, Ambika Cotton Mills (Ambika) has more than doubled from around Rs700 per share a year ago to around Rs1,600 currently. The management follows a conservative, almost a zero-debt policy, financing capacity expansions through internal accruals. This, along with...

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Moneylife Digital Team 22 September 2021
Things at Zee Entertainment Enterprises Ltd (ZEEL) seem to be moving too fast and strangely. Days after the company’s largest shareholder called for an extraordinary general meeting (EGM) to remove Punit Goenka as managing director (MD), the board of directors of Zee Entertainment has...

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Moneylife Digital Team 21 September 2021
Ever since the National Stock Exchange (NSE) scrapped the TER (trade execution range) with effect from 16th August, freak trades in the derivatives segment of NSE had become a recurring routine event. Traders, who regularly suffered huge losses, have expressed outrage on social media every...

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Moneylife Digital Team 21 September 2021
We had mentioned in Monday’s closing report that Nifty, Sensex were under pressure due to a global market selloff. On Tuesday, the indices opened higher and closed with major gains.   On the NSE, there were 978 advances, 1,037 declines and 0 unchanged.   The trend of the major...

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Moneylife Digital Team 21 September 2021
The Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs1 lakh each on the promoter-director and system administrator of Kolkata-based Excel Stock Broking Pvt Ltd for violating the provisions about the access to secondary servers of the National Stock Exchange (NSE)’s...

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Moneylife Digital Team 21 September 2021
Market regulator Securities and Exchange Board of India (SEBI) has mandated that all designated employees of asset management companies (AMC) be paid up to 20% of their monthly compensation in units of the schemes in which they have a role or oversight. According to SEBI, this move would make...

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Moneylife Digital Team 20 September 2021
Paras Defence and Space Technologies Ltd (PDSTL) is involved in designing, developing, manufacturing and testing of tier-2 defence and space engineering products and solutions in the domain of defence and space optics, defence electronics, electro-magnetic pulse (EMP) protection solutions and...

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Moneylife Digital Team 20 September 2021
The number of ‘unicorns’ has surged in India in recent years, enabled by the rise of the internet ecosystem, availability of private capital and favourable regulatory environment. This year, the amount of money raised through initial public offerings (IPOs) has reached the equivalent of US$10...

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Moneylife Digital Team 20 September 2021
Paying heed to the concerns raised by several organisations over the possibility of failure of millions of e-mandates or auto-debits because all banks have not upgraded their systems, the Reserve Bank of India (RBI) had extended the compliance timeline by six months in April this year. Now...

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Moneylife Digital Team 20 September 2021
We had mentioned in previous week’s closing report that Nifty, Sensex were on a strong rally. On Monday, the indices opened higher but suffered a correction and ended in losses.   On the NSE, there were 453 advances, 1,622 declines and 3 unchanged.   The trend of the major...

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Moneylife Digital Team 17 September 2021
We had mentioned in previous week’s closing report that Nifty, Sensex were headed higher. The major indices rallied this week and closed with major gains.   The trend of the major indices in the week is given in the table:     On Monday, the indices opened lower and...

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Clinton Fernandes 17 September 2021
Asset management companies, Aditya Birla Sun Life AMC and ICICI Prudential AMC, have recently launched a new type of open-ended debt scheme that comes with a maturity date.    We will review the two schemes–ABSL Nifty SDL Plus PSU Bond Sep 2026 60:40 Index Fund and ICICI Pru PSU Bond...

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Moneylife Digital Team 17 September 2021
INDIAN MARKET TRENDS From 9th September to 16 September 2021, ML Mid-cap Index rose 3%. ML Small-cap Index, ML Large-cap Index, ML Mega-cap Index and ML Micro-cap Index rose 2% each. The NIFTY and the Sensex rose 1% each.     FUND FLOWS Foreigners: Foreign...

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Clinton Fernandes 17 September 2021
HDFC Asset Management, the asset manager to HDFC Mutual Fund, has launched a new fund-of-funds (FoF) that will indirectly invest in 23 developed markets globally.   This is a unique scheme that offers exposure to various markets abroad under the same roof. Let us find out more about...

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Sucheta Dalal Sucheta Dalal 17 September 2021
Over the past few years, 80-odd companies have faced the ignominy of having their decisions overturned by collective action of institutional or retail investors. In a remarkable case last week, which could be a turning point of sorts in the battle for better management accountability, large...

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Moneylife Digital Team 16 September 2021
In August 2021,Tata Consultancy Services  and HDFC Bank were the most preferred stocks of Indian mutual funds. The net purchases of Tata Consultancy Services were Rs1,473 crore. Infosys and Maruti Suzuki were the most sold stocks. The net sales of Infosys were Rs2,581 crore and net sales of...

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Moneylife Digital Team 16 September 2021
The Indian government has decided to set up National Asset Reconstruction Co Ltd (NARCL) to aggregate non-performing assets (NPAs) in banks’ balance sheets and manage and dispose them professionally. "Along with NARCL, we are also setting up an India Debt Resolution Co Ltd (IDRCL)," says...

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