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Moneylife Digital Team 28 January 2023
Market regulator Securities and Exchange Board of India (SEBI) has barred 24 entities from the markets for three years for indulging in price manipulation in the shares of Sulabh Engineers and Services Ltd (SESL). In view of the prohibition on the sale of securities, SEBI also clarified that...

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Sucheta Dalal Sucheta Dalal 28 January 2023
The Securities and Exchange Board of India (SEBI) has sought feedback on complaint handling by market intermediaries (MIs) and market infrastructure institutions (MIIs). The Investor Education and Protection Fund Authority (IEPFA), which impounds unclaimed funds, wants feedback on plans to...

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Moneylife Digital Team 28 January 2023
Shares of Adani group of companies continued to fall during Friday's trading session, with flagship Adani Enterprises Ltd (AEL) tumbling more than 18% to Rs2,762.15. In contrast, five companies hit lower circuits on the BSE. Adani group has threatened punitive action against Hindenburg...

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Moneylife Digital Team 28 January 2023
The Securities Appellate Tribunal (SAT) on Monday decided to set aside some of the orders issued by the Securities and Exchange Board of India (SEBI) against the National Stock Exchange (NSE) in the NSE co-location (Colo) scam of 2015. In its order, SAT has come down heavily on SEBI's...

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Pratibha Kamath  and   Sher Singh Yadav 28 January 2023
This is the fourth edition of our Wealth Creators (WC) series. In case you missed the earlier parts; you may read here: Part 1, Part 2 and Part 3. In the previous three issues; we first rounded up the market movement in the past decade, listed top-10 wealth creator stocks (multi-baggers) and...

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Moneylife Digital Team 28 January 2023
While the number of unique individual traders who traded through a sample of the top-10 brokers in the equity futures and options (F&O) segment jumped five times to 4.52mn (million) in FY21-22, nine out of 10 individual traders incurred losses, says a research note from Securities and...

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Moneylife Digital Team 28 January 2023
Paying heed to issues faced by customers, the Reserve Bank of India (RBI) has decided to extend to 31 December 2023 its deadline for renewal of agreements for existing safe deposit locker or safe custody article facilities provided by banks. RBI also asked banks to make necessary arrangements...

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Ranganathan V Ranganathan V 28 January 2023
A news item—which may have been lost in the avalanche of various political, corporate and social fribbles that commonly flood the newspapers—is the announcement by Google that Android users have options to use search engines other than Google and that manufacturers of mobile phones would have...

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Yogesh Sapkale Yogesh Sapkale 28 January 2023
After serious calls to boycott Pathaan, the film and a ridiculous controversy over the colour of costumes, this Hindi film starring Shah Rukh Khan, Deepika Padukone and John Abraham is creating new records at the box office—possibly aided with some well-orchestrated publicity. According to...

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Walter Vieira Walter Vieira 28 January 2023
There are five factors that, alone or together, provide the right ambience for politics to flourish in the corporate world. These are:   A Weak Leader   A leader consciously or unconsciously casts a shadow across the whole organisation. A strong leader, strong on intellect and...

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Moneylife Digital Team 28 January 2023
INDIAN MARKET TRENDS From 20th January to 27 January 2023, the Sensex and the NIFTY fell 2% each. ML Large-cap Index fell 3%. Micro-cap Index, ML Mega-cap Index, ML Small-cap Index and ML Mid-cap Index fell 4% each.     FUND FLOWS Foreigners: Foreign...

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Moneylife Digital Team 28 January 2023
Solar Industries India (Solar), once again, revised its guidance upwards on the back of strong growth prospects and healthy numbers in Q3FY22-23. In the December quarter, sales rose by 78% y-o-y (year-on-year) to Rs1,812 crore, led by higher realisations and growth in export markets and...

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Moneylife Digital Team 28 January 2023
Major indices plunged this week as the crash in Adani Group shares spread across the board and the banking sector faced the most pressure. This breakdown added to the concerns faced by investors which were already facing challenges from global clues and caution ahead of the Union...

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The world output growth is projected to decelerate from an estimated 3 per cent in 2022 to 1.9 per cent in 2023, marking one of the lowest growth rates in recent decades, a United Nation's (UN) report has said.   It has listed a series of severe and mutually reinforcing shocks - the...

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Moneylife Digital Team 28 January 2023
Tips Industries Ltd (TIL) announced its results for Q3FY22-23 on 23 January 2023. We had discussed TIL’s business and the special situation in detail in May 2021 (https://bit.ly/3II5KZ4).    TIL’s net sales increased 3% quarter-on-quarter (q-o-q) to Rs51 crore and its earnings before...

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Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said that the current account deficit is "eminently manageable" and within the parameters of viability.   He also emphasised that in the current hostile and uncertain international environment, the Indian economy remains...

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Moneylife Digital Team 28 January 2023
Ramkrishna Forgings Ltd (RKFL) reported a strong set of numbers for Q3FY22-23 on account of steady growth in the commercial vehicles (CV) segment, led by high utilisation resulting from increased economic and infrastructure activity. The management was confident about the business growth...

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Moneylife Digital Team 28 January 2023
Newgen reported gross quarterly revenue of Rs255 crore, up 12.83% quarter-on-quarter (q-o-q) and 25.61% year-on-year (y-o-y). Operating profit was Rs59 crore—up 55.26% q-o-q and 1.72% y-o-y—and net profit was Rs48 crore—up 60% q-o-q and 2.17% y-o-y. The annuity segment grew 38% y-o-y and...

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The United Forum of Bank Unions (UFBU) has deferred the two-day nationwide bank strike on January 30-31 following an understanding at the conciliation meeting held in Mumbai, said C.H.Venkatachalam, General Secretary, All India Bank Employees' Association (AIBEA).   According to...

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The Delhi High Court has ruled that the enforcement directorate (ED) does not hold the power to probe any other offence except money laundering cases and cannot by itself assume that a predicate offence has been committed.   A single-judge bench of justice Yashwant Varma observed that...

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