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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
The National Dairy Development Board (NDDB) founded by Dr Verghese Kurien in 1965, has been mired in controversy after controversy, mostly related with its subsidiaries, funding and management affairs. On Friday, the union government told the Rajya Sabha that it had given previous approval to...

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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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Drawboard PDF is a free app for Windows, available on Microsoft Store. You can read, edit, annotate, sign, add notes and do much more with this light and elegant tool. Additional professional tools are available as in-app subscriptions. But, for most users, the free app is more than...

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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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Prime minister (PM) Narendra Modi has often promised that he is determined to double farmer incomes.  He was supposed to do this by this year.    But then, like most promises made, even this is likely to be remembered in the breach than in its...

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The Karnataka High Court on Friday dismissed a plea by Amazon and Flipkart against a probe initiated by the Competition Commission of India (CCI) for the alleged violation of competition law.   A division bench comprising justices Satish Chandra Sharma and Natraj Rangaswamy passed the...

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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 a big setback for telecom companies, the Supreme Court on Friday dismissed their plea seeking correction of alleged errors in Adjusted Gross Revenue (AGR) calculation.   A bench headed by Justice L. Nageswara Rao said all applications dismissed. On Monday, the apex court already...

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Moneylife Digital Team 23 July 2021
UK's Cairn Energy and Devas Multimedia Ltd have filed lawsuits in the US to seize overseas assets of Air India to recover dues from the Indian government, minister of state for civil aviation Gen (retd) VK Singh informed the Lok Sabha.   In a written reply, the minister says, "Cairn...

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Buying a life insurance plan for the family can be a daunting task for anyone. While there are many advantages, there are also many options to choose from. Life or health insurance plans come with their own set of benefits that can differ from each insurance provider, but all of them offer a...

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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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Amitabha Banerjee Amitabha Banerjee 23 July 2021
The British Raj had ended nearly three decades ago, but Douglas Kenneth Archibald White had kept the Imperial torch burning. He was the manager of our Delhi branch, where profit was not of much importance, but “pucca”ness was.     The previous year the branch had indeed reported a...

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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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Vinita Deshmukh Vinita Deshmukh 23 July 2021
The ruling Bharatiya Janata Party (BJP) government is receiving flak, and rightly so, for the insensitive reply given in the Rajya Sabha on 20th July, by Mansukh Mandaviya, and Dr Bharati Pawar, the newly appointed minister and minister of state, respectively, for health and family welfare,...

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India logs 35,000 Covid cases and 483 deaths in past 24 hours 23-07-2021 09:50 India on Friday recorded 35,342 cases of Covid and 483 deaths, the Ministry of Health and Family Welfare data showed. The country now has 4,05,513 active cases and has witnessed a total of 4,19,470...

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Moneylife Digital Team 22 July 2021
Welcoming a report presented by a four-member committee headed by former additional chief secretary Vijay Kumar, the Maharashtra Congress on Thursday says the findings of the committee prove allegations of corruption made by the party.    Sachin Sawant, general secretary 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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