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Moneylife Digital Team 26 October 2021
We had mentioned in Monday’s closing report that Nifty and Sensex may consolidate. On Tuesday, the indices opened higher and ended with a gain. On the National Stock Exchange (NSE), 1,526 stocks advanced, 453 declined, and 63 remained unchanged.   The trend of the major indices on...

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Moneylife Digital Team 26 October 2021
The global shortage of semiconductors will moderate India’s passenger vehicle (PV) sales to 11-13% this fiscal, around 400-600 basis points (bps) lower than what could have been sans the scarcity, a CRISIL Ratings analysis of India’s top three passenger vehicle (PV) original equipment makers...

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Moneylife Digital Team 26 October 2021
In India, almost 94% have reset their life goals following the pandemic. At the same time, for 48% of the respondents, COVID-19 has diminished their confidence in their finances, preventing them from taking the actions necessary to achieve their new goals, according to the findings of a...

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Moneylife Digital Team 26 October 2021
In a setback to the largest shareholders, the Bombay High Court on Tuesday granted an interim injunction on Invesco Developing Markets Fund and OFI Global China against calling an extraordinary general meeting (EGM) of Zee Entertainment Enterprises Ltd (ZEEL) shareholders. Last week, the HC

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Moneylife Digital Team 26 October 2021
S&P Global Ratings raised its long-term issuer credit rating on Manappuram Finance Ltd to 'BB-' from 'B+' with a stable outlook. It sees the gold-based lending business of the company as an effective counterbalance to the weakness in India's microfinance segment. S&P also affirmed the 'B'...

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Moneylife Digital Team 26 October 2021
“To deal with Gilead, they must be doing something right. The Gilead drugs are not trivial chemistry. Gilead doesn’t make products that every person in the world can do easily. But Laurus seems to be able to do it.” This is how James Bruno, president of the consulting firm Chemical &...

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TruthInAdvertising.org 26 October 2021
A disproportionate number of students that have defaulted on their students' loans attended for-profit colleges.   WHAT’S UP   The FTC has put dozens of for-profit higher education institutions on notice that engaging in practices it has previously found to be unfair or...

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It is common knowledge that the restaurant sector was severely impacted by the first and second lockdowns triggered by the Covid-19 pandemic, but now the National Restaurant Association of India (NRAI), the trade body that represents the industry, has put numbers to the story.   It...

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The Supreme Court on Monday was told that the State Bank of India (SBI) and the UCO Bank have agreed to invest Rs 450 crore in Amrapali projects, but other banks, who were part of a consortium, are delaying the process.   Senior advocate and court-appointed receiver R. Venkataramani...

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India logs 12,428 new COVID cases, lowest in 238 days 26-10-2021 10:20 Over the past 24 hours, India registered 12,428 new Covid-19 cases, the lowest in 238 days, the Union Health Ministry said on Tuesday. In the same period, 356 new fatalities were reported, which increased the...

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Moneylife Digital Team 25 October 2021
We had mentioned in Friday’s closing report that Nifty and Sensex may go sideways. On Monday, the indices opened higher and ended flat. On the National Stock Exchange (NSE), 535 stocks advanced, 1,477 declined, and 51 remained unchanged. The trend of the major indices on Monday’s trading are...

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Moneylife Digital Team 25 October 2021
National Stock Exchange (NSE) ’s registered investor base has surpassed 50 million unique investors. While the journey from 30 million registered investors to 40 million registered investors took about 15 months, the subsequent 10 million investor registrations took less than seven months,...

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Moneylife Digital Team 25 October 2021
 While holding that the reopening proceedings should be a clear case of change of opinion, the Madras High Court (HC) had quashed reopening proceedings against Cognizant Technology Solutions India Pvt Ltd.   Cognizant Technology was subjected to reassessment for assessment year (AY)...

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Moneylife Digital Team 25 October 2021
The Income Tax (I-T) department has detected unaccounted income of more than Rs100 crore during a search operation at Nashik in Maharashtra. The search and seizure were conducted last week in the case of a person engaged in the real estate business, primarily operating as a land aggregator in...

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Moneylife Digital Team 25 October 2021
Solar tariffs may rise to Rs2.6 to Rs2.7 per unit from an all-time low of Rs2 per unit over the next fiscal due to the recent increase in the goods and services tax (GST) on renewable energy equipment and the proposed customs duty on imported solar modules. Further, increased project cost is...

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Moneylife Digital Team 25 October 2021
Sustained high banking systemic liquidity, coupled with limited avenues for deployment, is pushing lenders to expand their risk appetite, says a research note, adding large corporates, in general, have been on a deleveraging path because of their muted capital expansion (capex) and working...

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Venkatachari Jagannathan (IANS) 25 October 2021
Boxed by rising input prices, stagnant demand and production, galloping domestic and export freight costs, have forced the safety matches manufacturers to increase the price by Re 1 per box after 14 years.   Yes... You heard it right, the price hike of Re 1 per box sold by retail...

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Private and public sector agencies providing goods and services and collecting charges from clients on behalf of the government will not be exempt from paying GST and have to pay the tax at applicable rates, the Telangana Authority for Advance Rulings (AAR) has ruled.   Services by...

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Moneylife Digital Team 23 October 2021
Man Industries (India) Limited (MIL) is one of the largest manufacturers and exporters of longitudinal submerged arc welded pipes (LSAW) and HSAW (Helical SAW) pipes used for various high-pressure transmission applications in gas, crude oil, petrochemical products and potable water. It has an...

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Highlighing major concerns over judicial infrastructure in the country, Chief Justice of India N.V. Ramana on Saturday made some shocking revelations, including how almost 20 per cent of the judicial officers in the country don't even have proper courtrooms to sit and preside over justice...

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