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Moneylife Digital Team 18 June 2022
INDIAN MARKET TRENDS From 10th June to 17 June 2022, the Sensex fell 5%. The NIFTY and ML Mega-cap Index fell 6% each. ML Large-cap Index, ML Micro-cap Index and ML Mid-cap Index fell 7% each. ML Small-cap Index fell 8%.                                                   

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Moneylife Digital Team 18 June 2022
In May 2022, Infosys and HDFC Bank were the most preferred stocks of Indian mutual funds. The net purchases of Infosys were Rs2,532 crore.

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Moneylife Digital Team 18 June 2022
Guidelines                                          1. The Grader captures the first two of the three intrinsic factors that drive a stock: valuation, returns and growth. Since growth is volatile and difficult to capture through a metric, we have used only the first two factors. In...

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Moneylife Digital Team 18 June 2022
Edtech platform Unacademy has fired more that 150 employees in the second round of layoffs at the company, after it asked around 600 workers to go in April this year as the funding winter settled in.   Sources told IANS that the current layoffs have affected the team at...

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Moneylife Digital Team 18 June 2022
V-Mart’s business is based on the primary concept of ‘value retailing’ and guided by principles like ‘sabse sasta sabse accha’ (lowest price, best product) and ‘price less fashion’. As a complete family departmental store, it offers a wide range of products at affordable prices through the...

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Moneylife Digital Team 17 June 2022
The securities and appellate tribunal (SAT) has granted interim relief to ICICI Bank’s former managing director and chief executive officer (MD&CEO) Chanda Kochhar, saying that Securities and Exchange Board of India (SEBI) “acted in haste in fixing a date for hearing without supplying the...

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Moneylife Digital Team 17 June 2022
Market regulator Securities and Exchange Board of India (SEBI) has sent notices to stock exchanges BSE and NSE asking them to pay over Rs5 crore in a case related to Karvy Stock Broking Ltd (KSBL) and warned them of attachment of assets and bank accounts if they fail to make the payment...

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Moneylife Digital Team 17 June 2022
The justice (retd) RM Lodha committee, which is supervising the Supreme Court (SC)-ordered process of selling PACL's assets, has allowed investors to update their mobile numbers on the separate portal, https://www.sebipaclrefund.co.in set up by Securities and Exchange Board of India...

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Moneylife Digital Team 17 June 2022
Deepak Fertilizers & Petrochemicals Corporation Ltd (DFPCL) reported a top-line of Rs2,012 crore in the March quarter, a growth of 28% y-o-y (year-on-year) and 3% q-o-q (quarter-on-quarter), driven by strong growth in the technical ammonium nitrate (TAN) and nitric acid businesses. Chemicals...

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Moneylife Digital Team 17 June 2022
The securities appellate tribunal (SAT) has quashed an order passed by market regulator Securities and Exchange Board of India (SEBI) derecognising the Indian Commodity Exchange (ICEX). The Tribunal also pulled up SEBI for not giving an opportunity to the Exchange to revive itself. This is...

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Moneylife Digital Team 17 June 2022
Market regulator Securities and Exchange Board of India (SEBI) has ordered attachment of bank accounts as well as share and mutual fund accounts of Aakruti Nirmiti Ltd (ANL) and its directors to recover investors' dues of over Rs95 crore.   The recovery proceedings have  been...

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Moneylife Digital Team 17 June 2022
The Reserve Bank of India (RBI) has lifted the restrictions imposed on Mastercard Asia Pacific Pte Ltd on on-boarding of new domestic customers with immediate effect.   “In view of the satisfactory compliance demonstrated by Mastercard with the RBI circular dated 6 April 2018 on...

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Moneylife Digital Team 17 June 2022
On Friday, the indices opened gap down and ended with loss. On the National Stock Exchange (NSE), 676 stocks advanced, 1,406 declined, and 52 remained unchanged with advance decline ratio of 0.48.   The trend of the major indices on Friday’s trading are given in the table...

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Indian stock market experts and novices appear to be pumped up about participating in company IPOs or Initial Public Offerings these days. Disturbing as it may have seemed, the recent IPOs generated a perception that they would yield a high return in a short period, making them attractive...

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Moneylife Digital Team 16 June 2022
Holding seven entities, including Yash Birla, for providing security towards the loan taken by Vintage for subscribing to global depository receipts (GDR) of Zenith Steel Pipes & Industries Ltd (erstwhile Zenith Birla (India) Ltd) -ZBIL, market regulator Securities and Exchange Board of India...

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The US Federal Reserve raised the interest rate by 0.75 percentage points, the highest on-shot increase since 1994, to tackle inflation that is at its highest in 40 years.   The rate hike was announced at the end of the two-day policy meeting of the fed. It ran contrary to smaller...

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Moneylife Digital Team 16 June 2022
Luggage makers are set to wheel in year-on-year (y-o-y) revenue growth of 45%-50% this fiscal on the back of pent-up tourism demand, resumption of corporate travel, reopening of schools, colleges and offices, and limited restrictions on festivities and social events. That would be 5%-7% more...

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India's insurance regulator is in reform mode with a series of industry-friendly measures, hoping that it would result in more people buying insurance protection.   Happy with the winds of change, the sector wants more relaxation.   The Insurance Regulatory and Development...

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Moneylife Digital Team 16 June 2022
Market regulator Securities and Exchange Board of India (SEBI) has imposed penalties totalling Rs23 lakh on three individuals in a case related to misrepresentation in the financial details of Indian Infotech and Software Ltd (IISL).   In its latest order, the market regulator has...

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The Centre on Wednesday published the final notification for the Food Safety and Standards (Vegan Foods) Regulations, 2022 thereby specifying what constitutes vegan food, what kind of labelling/packaging will be required for it and the compliances for food business operators (FBOs)...

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