DAILY NEWS: OUR PICKS


Moneylife Digital Team 18 May 2025
The Securities and Exchange Board of India (SEBI) has issued a final reminder to investors affected by the Karvy Stock Broking Ltd (KSBL) default, urging them to submit their claims before the 2 June 2025 deadline.   The National Stock Exchange (NSE) had declared KSBL a defaulter on 23...

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Moneylife Digital Team 18 May 2025
In a significant ruling aimed at curbing urban encroachment on ecologically sensitive land, the Supreme Court has directed the authorities in Maharashtra to take back 11.86 acres of forest land in Kondhwa, Pune, currently occupied by the Purohit Hills Cooperative Housing Society (CHS). In his...

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Earlier this week, we were all surprised to receive a know-your-customer (KYC) update message in the name of Bank of Maharashtra (BoM) from a media friend, Sumeet (name changed), on one of our WhatsApp groups. There were two posts from Sumeet. One was about completing re-KYC through an attached...

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Moneylife Digital Team 16 May 2025
A new study by Moneylife Foundation confirms the depth and scale of challenges caused by the rigid enforcement of know-your-customer (KYC) norms, particularly in rural India. What was intended as a safeguard against financial crimes has, in practice, become a significant barrier to financial...

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Moneylife Digital Team 16 May 2025
Market regulator Securities and Exchange Board of India (SEBI) has exposed what it calls a ‘collusive’ scheme to siphon off most of the funds from Varyaa Creations Ltd’s small and medium enterprises (SME) initial public offering (IPO). In an interim order on 14 May 2025, SEBI says it found that...

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Chandramouli Mohan 16 May 2025
The Hidden Cost of Falling Short Imagine this: You’re juggling bills, groceries and school fees and one month you dip below your bank’s minimum balance requirement. Next thing you know, your bank slaps you with a penalty. Annoying, right? But wait—there’s more! On top of this penalty, you’re...

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Moneylife Digital Team 16 May 2025
Holding Saurabh Gadgil of PNG Jewellers Pvt Ltd responsible for extracting additional money in the name of government taxes while buying back a diamond bangle from a customer, the Pune district consumer disputes redressal commission directed the jeweller to buy back the diamond bangle as per...

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Dr Swati Rane 16 May 2025
As we celebrate International Nurses Week and Nurses' Day on 12th May, it is both timely and essential to reflect on the profound contributions of nursing leaders who have shaped the profession in India. One such towering figure is Durga Mehta whose legacy continues to inspire generations of...

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Moneylife Digital Team 16 May 2025
Since FY19-20, India’s defence budget has expanded at a compounded annual growth rate (CAGR) of 7%–8%, reaching approximately Rs6.2 lakh crore in FY24-25, with a capital expenditure (capex) outlay of Rs1.8 lakh crore projected for FY25-26. Global military expenditures have surged, amid...

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When we talk about family business, we think about a family, and maybe even about two or three generations. But there are times when we encounter a one-man institution. A person who has the intellect and the capability to build a business just by himself, and make it large, or even...

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Ritwik Choudhury (Bar  and   Bench) 16 May 2025
The Supreme Court recently acquitted a man in a 26-year-old dowry and cruelty case, while raising concerns about the misuse of Section 498A (cruelty to married woman) of the Indian Penal Code (IPC) and the Dowry Prohibition Act, 1961, in matrimonial disputes (Rajesh Chaddha vs. State of Uttar...

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Moneylife Digital Team 16 May 2025
Fugitive diamond merchant Nirav Modi's troubles have deepened once again, as a UK court on Thursday rejected his fresh bail petition. Mr Modi has been in a London prison for nearly six years after losing his extradition battle to face fraud and money laundering charges in India.    The bail...

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Moneylife Digital Team 16 May 2025
Reserve Bank of India (RBI) has imposed penalties of Rs5 lakh on four cooperative Banks and one non-banking financial company (NBFC) for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs2 lakh has been imposed on Karnataka Central Cooperative Bank...

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Moneylife Digital Team 16 May 2025
Market Regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs5 lakh on Manas Jaiswal, a SEBI-registered research analyst (RA), for multiple violations of rules and regulations. Following an inspection covering the period from 1 September 2020 to 31 July 2023, SEBI...

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Moneylife Digital Team 16 May 2025
In a world increasingly defined by sustainability and resource efficiency, Gravita India (Gravita) has emerged as a powerhouse in the recycling and manufacturing space, with a global footprint and a customer network that spans 32 countries. In building this, it has reported an impressive...

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Feeel is an open-source app for doing simple at-home exercises. It holds the acclaimed full body scientific seven-minute workout regime and allows creating custom workouts as well. While the app currently contains a limited amount of exercises, the plan is to drastically expand the number of...

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SN Thyagarajan (Bar  and   Bench) 15 May 2025
The Supreme Court on Thursday held that the Maharashtra Protection of Interest of Depositors (MPID) Act overrides the provisions of Central financial recovery statutes, including the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI), the...

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Moneylife Digital Team 15 May 2025
State-run Indian Renewable Energy Development Agency (IREDA) has initiated insolvency proceedings against Gensol Engineering Ltd over a loan default exceeding Rs510 crore, escalating the financial and regulatory troubles for the renewable energy company. Last month, Power Finance Corporation...

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Ritwik Choudhury (Bar  and   Bench) 15 May 2025
The Supreme Court on Wednesday emphasised that the right to use footpaths without obstruction is an essential part of the fundamental right to life guaranteed under Article 21 of the Constitution. (S Rajaseekaran v. Union of India & Ors).   A Bench of Justices Abhay S Oka and Ujjal Bhuyan...

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Moneylife Digital Team 15 May 2025
The Mumbai zonal office (II) of the directorate of enforcement (ED) has seized over Rs32 crore in unaccounted assets, including Rs9.04 crore cash and Rs23.25 crore in diamond-studded jewellery and bullion, following raids at 13 locations across Mumbai and Hyderabad. The action is part of a...

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