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Anand Singh (IANS) 04 June 2021
Even as fugitive businessman Mehul Choksi, who is wanted in Rs 13,500 crore Punjab National Bank (PNB) fraud case is facing charges of illegally entering Dominica, documents show that two boats may have been used in the operation involving his entry into the island nation.   Earlier...

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Moneylife Digital Team 06 August 2021
INDIAN MARKET TRENDS From 30th July to 5 August 2021, the Sensex, the NIFTY and ML Mega-cap Index rose 4%, 3% and 2%, respectively. ML Large-cap Index ended flat. ML Mid-cap Index and ML Small-cap Index fell 1% each. ML Micro-cap Index fell 4%.     FUND...

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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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Easing Covid restrictions, along with pent-up demand, accelerated output of India's eight major industries in July on a year-on-year basis.   The Index of Eight Core Industries (ICI) readings for the last month showed an expansion of 9.4 per cent from a decline of 7.6 per cent in...

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Moneylife Digital Team 25 June 2021
INDIAN MARKET TRENDS From 18th June to 24 June 2021, ML Small-cap Index and ML Micro-cap Index rose 2% each. The NIFTY, the Sensex, ML Large-cap Index, ML Mid-cap Index, and ML Mega-cap Index rose 1% each.                      FUND FLOWS Foreigners: Foreign...

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Heavy overnight rains lashed Mumbai and the Mumbai Metropolitan Region (MMR) hitting road and rail traffic, though flight operation at the Chhatrapati Shivaji Maharaj International Airport was normal.   Water-logging was reported from chronic spots of Dadar, Parel, Wadala, Sion,...

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IANS 24 September 2021
The Competition Commission of India has passed a final order against three beer companies -- United Breweries Ltd (UBL), SABMiller India Ltd (now renamed Anheuser Busch InBev India Ltd) and Carlsberg India Private Ltd (CIPL) for indulging in cartelisation in the sale and supply of...

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Reliance Industries (RIL) said on Thursday that the appointment of Aramco Chairman Yasir Al Rumayyan as an independent director of the company has taken effect from July 19.   On June 24, RIL board had approved the appointment of Yasir O. Al-Rumayyan, as an additional director of the...

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Moneylife Digital Team 05 June 2021
Market regulator Securities and Exchange Board of India (SEBI) has streamlined the framework for centralised database for corporate bonds to provide further ease of access of information for investors. This new framework will be applicable for debt securities issued on or after 1 August...

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Moneylife Digital Team 15 September 2021
We had mentioned in Tuesday’s closing report that Nifty, Sensex were directionless. On Wednesday, the indices rallied and closed with decent gains. On the NSE, there were 1,262 advances, 695 declines and 2 unchanged.     Telecom stocks rose after a report by CNBC-TV18 said...

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Moneylife Digital Team 20 August 2021
INDIAN MARKET TRENDS From 13th August to 18 August 2021, ML Mega-cap Index rose 1%. The Sensex and the NIFTY ended flat. ML Large-cap Index fell 1%. ML Mid-cap Index, ML Small-cap Index and ML Micro-cap Index fell 3%, 4% and 5%, respectively.     FUND...

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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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Some time ago, I went on a picnic, along with some friends to the Neyyar dam, which is a major tourist attraction near Thiruvananthapuram. While walking on the road along the edge of the reservoir, my attention was drawn to a large sign board put up on a post standing in a few feet of water...

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Domestic stock exchange BSE has crossed the milestone of 7 crore registered users based on Unique Client Code (UCC) on Monday (June 7).   The exchange also completed the journey from 6 crore to 7 crore users in just 139 days, as compared to 241, 652 and 939 days needed for the...

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Moneylife Digital Team 04 June 2021
A less severe economic impact from the COVID pandemic's second wave and resilient buyer sentiment will support a swift rebound in India's automotive demand after curbs are eased, Fitch Ratings says.    This should drive double-digit growth across most segments in the financial year...

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IANS 24 September 2021
After a series of cases where poor villagers have received crores of rupees in their bank accounts, a daily wager learnt that he was having Rs 9.99 crore in the Union Bank of India, Supaul branch. Interestingly, the labourer named Vipin Chauhan claims that he never opened an account in any...

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Moneylife Digital Team 13 September 2021
We had mentioned in previous week’s closing report that Nifty, Sensex may take cue from global markets. On Monday, the indices opened lower and ended with minor loss. On the NSE, there were 1,007 advances, 962 declines and 89 unchanged.   The trend of the major indices on Monday’s...

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Moneylife Digital Team 19 June 2021
INDIAN MARKET TRENDS From 11th June to 17 June 2021, ML Small-cap Index rose 1%. ML Mid-cap Index and the Sensex ended flat. The NIFTY, ML Large-cap Index, ML Mega-cap Index and ML Micro-cap Index fell 1% each.     FUND FLOWS Foreigners: Foreign institutional...

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The expansion of the Emergency Credit Line Guarantee Scheme (ECLGS) announced by the government on May 30, will help companies in sectors such as civil aviation, hotels and tour operators, where demand has been severely affected by the intense second wave of the Covid-19 pandemic, Crisil said...

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Days after his appointment as per the new IT guidelines, Twitter's interim resident grievance officer for India, Dharmendra Chatur has stepped down, sources said.   The US-headquartered micro-blogging platform's website does not show his name, as mandated under Information Technology...

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