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Harshita Shah 02 August 2021
UPDATED on 11 August 2021 at 10.45am to incorporate response received from BizGurukul   BizGurukul, as it describes itself, is an online e-learning platform that sells skill development courses related to entrepreneurship, career and business development and additionally provides...

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Yogesh Sapkale Yogesh Sapkale 10 October 2022
Canara Bank, the country's fourth-largest public sector bank (PSB), continues to write off bad loans of big defaulters who have borrowed Rs100 crore and more. At the same time, the Bank refuses to share names of these big defaulters under the Right to Information (RTI) Act, again wrongly...

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Moneylife Digital Team 17 February 2022
The income tax (I-T) department has conducted searches at the Mumbai residence of Chitra Ramakrishna, former managing director (MD) and chief executive officer (CEO) of the National Stock Exchange (NSE) and the ‘mysterious’ Anand Subramanian (Subbu), who was appointed and promoted as group...

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S Nag 24 February 2022
The ongoing fiasco at the National Stock Exchange (NSE) is testimony to the blatant disregard of sound corporate governance practices in institutions, which are allowed to function as closed entities, despite being instrumental in decisions and actions that have immense national as well as...

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Moneylife Digital Team 14 January 2022
The shares of Sintex Industries Ltd  (Sintex) are lower circuit from 11 January 2022 onwards after a report from The Economic Times mentioned that Reliance Industries Ltd (RIL) and Welspun have emerged as the top-2 contenders with conditional bids to acquire the bankrupt...

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Yogesh Sapkale Yogesh Sapkale 22 July 2022
State Bank of India (SBI) has again refused to share the names of borrowers who owe Rs100 crore or more, even with its shareholder. Over the past nine years, from FY13-14 up to FY21-22, SBI has written off bad loans of over Rs145,248 crore of big defaulters, while recovering just over 13%...

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Moneylife Digital Team 11 January 2022
State-run Punjab National Bank (PNB) has decided to hike the minimum quarterly average balance (QAB) to Rs10,000 in the four metro cities of Delhi, Mumbai, Kolkata, Chennai. The public sector bank (PSB) has also decided to increase charges for various services by up to 50% from 15 January...

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Moneylife Digital Team 28 September 2021
The resolution process of the beleaguered Dewan Housing Finance Ltd (DHFL), apparently in its final stages, is causing a lot of anxiety among investors. While holders of non-convertible debentures (NCDs) are expected to be repaid in a couple of days, the unexplained debits and credits in...

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Moneylife Digital Team 04 June 2022
Vardhaman Global Sharecom Pvt Ltd has written a letter to market regulator Securities and Exchange Board of India (SEBI), the National Stock Exchange (NSE) and NSE Clearing Ltd to ‘look into’ a punching error (called fat finger trade in trade lingo), which could have caused a loss of Rs200...

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The Union government has clarified on the new goods and services tax rules (GST) on rent, which came into effect from 18th July. In a tweet, press information bureau (PIB) said that “renting of residential unit taxable only when it is rented to business entity." It further clarified that “no...

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Moneylife Digital Team 21 March 2022
While the committee of creditors (CoC) of Sintex Industries Ltd (Sintex) has approved the joint bid of Reliance Industries Ltd (RIL) and Assets Care & Reconstruction Enterprise (ACRE) to acquire the debt-ridden textiles company under the insolvency resolution process (IRP), dozens of...

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Moneylife Digital Team / IANS 29 December 2021
The Union government has notified the Consumer Protection Rules, 2021, and asked the direct selling companies to comply with these rules within 90 days.   According to the ministry of consumer affairs, food and public distribution, the new rules will be applicable to all goods and...

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Maya M 02 October 2021
Over the past two days, confused and angry DHFL investors were flooding social media with complaints of not receiving payments as per their claims. Many complained of having received a raw deal by receiving a far lower amount (compared to what they were anticipating).   Catalyst...

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The pandemic has been a flourishing time for the brokerage business. India’s investor population nearly doubled, as people from the age of 9 years to 90 years turned into traders after a quick online class. Brokers used this boom during the lock-down to lure and loot people with well-laid...

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Sucheta Dalal Sucheta Dalal 16 February 2022
India has become a laughing stock, as the global media laps up reports of how a ‘Himalayan Yogi’ was the puppet master dictating the actions of Chitra Ramkrishna, celebrated managing director (MD) and chief executive officer (CEO) of the National Stock Exchange (NSE) who resigned abruptly in...

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Ranganathan V Ranganathan V 22 July 2022
The audited annual report of ‘The Complete Man’, for the year ended 31 March 2022, is a treat to read and relish… if one is not a shareholder of the wool-spinner—Raymond Ltd.   The stand-alone accounts have been debited an exceptional loss of Rs907 crore pertaining to different...

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Sucheta Dalal Sucheta Dalal 23 December 2022
KPMG India settled a proceeding before the US Public Company Accounting Oversight Board (PCAOB) on 6 December 2022; but there is barely any coverage by the Indian media. PCAOB, which audits public companies, censured KPMG Assurance and Consulting Services LLP (KPMG India) and the engagement...

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Moneylife Digital Team 03 September 2021
The Central Board of Direct Taxes (CBDT) has notified a new rule that mandates senior citizens above 75 years to submit form 12BBA for claiming the benefit of not filing an income tax return (ITR) under section 194P.   The board has notified a new rule 26D, under which senior citizens...

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Sucheta Dalal Sucheta Dalal 03 February 2022
Just when it seemed that the Piramal group was home and dry after bagging Dewan Housing Finance Ltd (DHFL) and its vast realty assets for just Rs38,000 crore, there is now a twist in the sale of what was already considered a sweetheart deal for the acquirer.    On 27th January, 63...

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Instead of providing ease of life, technology is becoming a disruptor and throwing more challenges at ordinary people every day. Uninterrupted electricity supply is crucial to all our lives today. So, fraudsters have found this a perfect weakness to exploit by threatening a power cut on the...

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