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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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IANS 21 September 2021
The Enforcement Directorate (ED) has registered a money laundering case in a drug trafficking case where 2,988.22 kg of heroin was seized at Mundra port in Gujarat.   In the case two people were arrested and the role of some Afghanistan nationals are being investigated.   A...

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Moneylife Digital Team 21 September 2021
In the aftermath of the pandemic, the Reserve Bank of India (RBI) has been at the forefront of stabilising the financial system to keep liquidity in surplus mode. The average net durable liquidity injected into the banking system since April 2021 is at Rs9.3 lakh crore. However, the excess...

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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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IANS 21 September 2021
To quicken the pace of stressed asset resolution, the Centre may soon come up with a prepackaged insolvency framework under the Insolvency and Bankruptcy Code (IBC) for large corporates, similar to the one introduced for SMEs.   Official sources said that discussion on having a...

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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 21 September 2021
In a welcome relief, lenders to Dewan Housing Finance Corporation (DHFL) may start receiving payment from Piramal Capital and Housing Finance (PCHFL) this week. DHFL has been undergoing insolvency proceedings at National Company Law Tribunal (NCLT) in Mumbai since 3 December...

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