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IANS 23 September 2021
The government has decided to give a two month extension to companies to conduct their annual general meetings (AGM) for financial year 2020-21.   The extension is being given on account of the wave of disruptions caused by the second wave of Covid and lockdowns in various parts of...

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Moneylife Digital Team 23 September 2021
The twists and turns for Thrissur-based Dhanlaxmi Bank do not seem to end. Three people, including former directors, have filed a petition in Kerala High Court (HC) seeking a seat on the bank's board.   Dhanlaxmi Bank’s shareholder KN Madhusoodan, and P Mohanan and Prakash DL have...

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Moneylife Digital Team 23 September 2021
We had mentioned in Wednesday’s closing report that Nifty, Sensex await US market reaction to Fed policy stance. On Thursday, the indices rallied and closed with major gains.   On the NSE, there were 1,244 advances, 783 declines and 85 unchanged.   The trend of the major...

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Moneylife Digital Team 23 September 2021
Updated on 24 September 2021 at 4pm to include clarification from DICGC   The Union government has announced that the Deposit Insurance & Credit Guarantee Corporation (DICGC) would be paying a maximum of Rs5 lakh to depositors of 21 banks, including Punjab and Maharashtra Cooperative...

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IANS 23 September 2021
Google on Thursday said that it has filed a writ petition in the Delhi High Court against the leak of the Competition Commission of India's confidential report pertaining to the investigation against the global search engine giant.   "We are deeply concerned that the Director...

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Clinton Fernandes 23 September 2021
ICICI Prudential Asset Management, the asset manager to ICICI Prudential Mutual Fund, has launched a new international equity index scheme. The ICICI Prudential Nasdaq 100 Index scheme will invest in the stocks part of the tech-dominated NASDAQ 100 index.   This will be the third...

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Moneylife Digital Team 23 September 2021
Indo Count Industries Limited (ICIL) specialises in home textiles with a special focus on bedding and bedlinen. Headquartered in Mumbai, it started its operations as a yarn-spinning company and has, over the years, forward integrated into full-fledged manufacturing of home textiles. ICIL’s...

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Sanjeev Sharma (IANS) 23 September 2021
India's outperformance of other emerging markets is at previous peaks and such periods are usually followed by the country's underperformance, Jefferies has said in a report.   While India is viewed to be a beneficiary of the China turmoil, India's NIFTY has already outperformed...

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R Balakrishnan R Balakrishnan 23 September 2021
The markets have been riding a major bull wave for a year now. New highs have become routine. India Inc is on a roll. Profitability has never been so good. Debt of companies has come down. Income–tax (I-T) collections and goods and services tax (GST) collections are robust. The stage is set...

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IANS 22 September 2021
After the Supreme Court order, the Centre, in an affidavit, has recommended Rs 50,000 ex-gratia compensation to the families whose member die due to Covid-19, and the amount has to be distributed by states from the State Disaster Response Fund.   The National Disaster Management...

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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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Vinita Deshmukh Vinita Deshmukh 22 September 2021
In a rare action, Rahul Singh, information commissioner (IC) of Madhya Pradesh (MP) has issued an arrest warrant on 20th September against Dr Vikram Singh Verma, chief medical and health officer (CMHO) of Burhanpur district, who is also the public information officer (PIO). Mr Singh was irked...

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IANS 22 September 2021
The government has again extended the term of Uday Kotak as non-executive chairman of Infrastructure Leasing and Financial Services (IL&FS) to maintain continuity in the resolution plan being operatives for the indebted group.                                         As per a...

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IANS 22 September 2021
After all round severe criticism for the recent travel advisory that prescribed 10 days quarantine for fully vaccinated Indians, the UK's new advisory has accommodated SII's Covishield as an approved vaccine.   The new travel advisory that will be implemented from October 4 at 4 a.m....

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Moneylife Digital Team 22 September 2021
Depositors of 21 banks, including Punjab and Maharashtra Cooperative (PMC) Bank, will receive up to Rs5 lakh from the deposit insurance & credit guarantee corporation (DICGC) within 90 days or by 29 December 2021 under the all-inclusive directions (AID).    The DICGC (Amendment) Act,...

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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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