DAILY NEWS: OUR PICKS


Sahyaja MS (Bar  and   Bench) 05 October 2024
The Bombay High Court on Friday took suo motu cognizance of the alarming accumulation of garbage along Mumbai's seashore, particularly the presence of microplastics in fish that humans consume.   A bench of Chief Justice D K Upadhyaya and Justice M M Sathaye highlighted the serious...

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The previous two parts on this topic covered a few of the noted audit failures within India and elsewhere. (Read: Audit May Be Easier To Replace than Reform! / The Growing Despair of Accounting Frauds and Audit Failures!)   One of the cases discussed in some detail is that of Dewan Housing...

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Moneylife Digital Team 04 October 2024
India faces an urgent need for legislation to manage the finances and care of incapacitated adults. With an ageing population, seniors who may be mentally or physically incapacitated lack the capacity to direct using their savings towards necessary care without legal guardianship. The current...

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Moneylife Digital Team 04 October 2024
In a significant move aimed at simplifying asset transmission and boosting investor convenience, the Securities and Exchange Board of India (SEBI) has approved several amendments to its regulations governing nomination facilities in the Indian securities market. The new norms, which were...

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Moneylife Digital Team 04 October 2024
National Stock Exchange (NSE) has paid Rs643 crore for itself and on behalf of nine others, including its former managing director and chief executive officer (MD&CEO) Vikram Limaye, has paid Rs643 crore to settle a case related to bypassing trading access point (TAP) system. Securities and...

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Thomas Franco (CFA) 04 October 2024
In a recent interview with the press in the industrial town of South India, Coimbatore, Nirmala Sitharama, the Union Finance Minister clarified to Mr Sundarraman, a reporter from The Indian Express, that according to the bank’s data available to her (which she cross-checked on her tablet), 49.5...

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Moneylife Digital Team 04 October 2024
Dr Keki Hormusji Gharda, a legend in chemical engineering who revolutionised the industry with his groundbreaking innovations, forever changing the landscape of Indian chemicals manufacturing, passed away on 30 September 2024. Dr Gharda, a Padma Shri awardee, was the founder, chairman, and...

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A few days ago, Santosh Patil, a friend, received a call from a person who said he was calling from a courier company. He was told there was a parcel for him from a well-known jeweller, but he needed to rectify an error in the delivery address. Santosh was about to do that when he realised he...

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I happened to meet Sam, who had just joined the marketing division of a large Infotech company where I was a consultant. He had an MBA from one of India's leading management institutes and had worked for two years with an international consulting company. The latter had the enviable reputation...

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Moneylife Digital Team 04 October 2024
Demand for cars was a bit low in the first quarter of FY24-25 (Q1FY24-25). The electric two-wheeler market is still growing; in Q1FY24-25, a total of 182,050 units were sold. Some OEMs (original equipment manufacturers) are paying more attention to hybrid PVs (passenger vehicles) which fits...

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Debayan Roy (Bar  and   Bench) 04 October 2024
The Supreme Court on Friday ordered a probe by a special investigation team (SIT) into the allegation by N Chandrababu led Andhra Pradesh government that the previous regime of Yuvajana Sramika Rythu (YSR) Congress Party had used substandard ghee containing animal fat to prepare laddus at Sri...

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Forget Photoshop and its steep learning curve; you can be creative on day one, with a little help from artificial intelligence (AI)—choose OpenArt.ai   You can create stunning, high-quality images using just a few words. Then, with the use of ‘magic edit’, you can edit your images with precise...

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Moneylife Digital Team 03 October 2024
Bringing much-needed clarity to the reassessment process during transitional periods and striking a balance between the tax department and taxpayers, the Supreme Court on Thursday said the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 (TOLA) will continue to...

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Moneylife Digital Team 03 October 2024
Garuda Construction and Engineering Ltd (Garuda) is a civil construction company providing civil construction services for residential, commercial, residential-cum-commercial, infrastructure and industrial projects. The company also offers additional services for infrastructure and hospitality...

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It may be recalled that in order to combat air pollution in Delhi, one of the flagship initiatives tom-tommed by the Delhi government was to install anti-smog guns, anti-smog towers and other such machines. In fact, the lieutenant governor of Delhi, along with the municipal commissioner, had a...

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Moneylife Digital Team 03 October 2024
Holding Tata AIA Life Insurance Co Ltd (earlier known as Tata AIG Life Insurance Co Ltd) responsible for not notifying the complainant of acceptance or rejection of an insurance proposal within the required 15-day period, which constitutes a breach of regulatory obligation, the national...

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Moneylife Digital Team 03 October 2024
The packaged food industry in India is expected to at grow at a compounded annual growth rate (CAGR) of 8.8% between FY24-25 and FY32-33. A few of the reasons driving this industry's expansion in India are: the country's fast urbanisation, growing middle class, propensity for Western lifestyles...

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Ayesha Arvind (Bar  and   Bench) 03 October 2024
The Karnataka High Court recently directed the State government to pay Rs10 lakh as compensation to Sanjana Raghunath, an international chess player, after she was denied an MBBS seat in a government medical college under the sports quota despite being eligible.   In a judgement passed on...

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Shirish Shanbhag 03 October 2024
In this week's column, I will address some common concerns that residents face when navigating the complex dynamics of cooperative housing societies (CHS). From disputes over children playing in shared spaces to questions about maintenance responsibilities, these issues often require careful...

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Moneylife Digital Team 02 October 2024
The Indian financial market is gearing up for a surge in initial public offerings (IPOs) in the coming months, with the Securities and Exchange Board of India (SEBI) approving several large-scale IPOs during the ongoing festival season. Among the most significant is Hyundai Motor India's...

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