DAILY NEWS: OUR PICKS


Moneylife Digital Team 06 February 2025
Premier Energies Limited (PEL) is an integrated solar cells and modules manufacturer, based in Hyderabad (Telangana). It has five facilities with an annual capacity of 2GW (gigawatt) for solar cells and 4.13GW for solar modules. In addition to producing solar cells and modules, it also provides...

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Moneylife Digital Team 06 February 2025
The HR (hot rolled) coil-based steel tubes market, particularly relevant to APL Apollo, is expected to grow faster than the scrap steel-based tubes market, due to its superior quality, better cost efficiencies for blast furnace HR mills over local scrap steel melting mills. With the...

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Moneylife Digital Team 06 February 2025
InterGlobe Aviation Ltd (IndiGo) says it has fined Rs115.86 crore by goods and service tax (GST) authorities from Delhi and Chennai.    In a regulatory filing, IndiGo says the penalty of Rs113.02 crore has been levied by the additional commissioner of central GST from Delhi on services...

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Moneylife Digital Team 06 February 2025
After superseding the board of directors of Aviom India Housing Finance Pvt Ltd and appointing Ram Kumar, former chief general manager (CGM) of Punjab National Bank, as the administrator, the Reserve Bank of India (RBI) filed an application before the New Delhi bench of the national company law...

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Moneylife Digital Team 06 February 2025
Food aggregator services-provider Zomato Ltd decided to change its corporate name to Eternal Ltd. It, however, will continue to use Zomato name for its food aggregator service.   In a regulator filing, the company says, "We would like to hereby inform that the board of directors of the...

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Shirish Shanbhag 06 February 2025
Managing a cooperative housing society (CHS/the Society) comes with its fair share of challenges, ranging from urgent infrastructure repairs to procedural hurdles in membership transfers. This week, I will address three critical issues that impact society members—ensuring uninterrupted water...

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Moneylife Digital Team 06 February 2025
US president Donald Trump's stunning proposal that the US could take control of the Gaza Strip has invited strong reactions from governments around the world. Facing a wave of criticism from Palestinians, Arab governments, and world leaders, Mr Trump's secretary of state Marco Rubio stated that...

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Ayesha Arvind (Bar  and   Bench) 05 February 2025
Fugitive businessman Vijay Mallya has moved the Karnataka High Court challenging the debt recovery proceedings against the now defunct Kingfisher Airlines.   Mallya has claimed that while Kingfisher Airlines owed around Rs6,200 crore in debt, the authorities had recovered the "principal debt...

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Recently, a central information commissioner slammed the two central public information officers (CPIOs) of a Defence Sainik School in Delhi with a show-cause notice on why they should not be penalised for lazing over providing information for three long years and ordered them to provide the...

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Moneylife Digital Team 05 February 2025
A US military aircraft C-17 carrying the first batch of 104 illegal Indian immigrants, with the highest number of 33 each from Haryana and Gujarat, landed at Amritsar's Sri Guru Ram Dass Jee International Airport amid tight security. The US administration has launched a crackdown on illegal...

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Ratna Singh (Bar  and   Bench) 05 February 2025
The Bombay Lawyers Association (BLA) has moved the Bombay High Court over the inconsistent procedure for mentioning of cases before different benches.   Currently, after petitions are filed, lawyers make a mentioning before the roster bench to request an early listing date, if the matter is...

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Moneylife Digital Team 05 February 2025
Market regulator Securities and Exchange Board of India (SEBI), has imposed a penalty of Rs6 lakh on Junjharji Investment Pvt Ltd (JIPL) for multiple regulatory violations, including the misuse of client funds, false margin reporting, failure to settle funds, improper handling of client...

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Moneylife Digital Team 05 February 2025
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs25 lakh on eight entities, including DB Realty Ltd (DBRL) (now known as Valor Estate) (noticee 1), the company promoters and key officials, following significant violations of financial disclosure...

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Moneylife Digital Team 05 February 2025
Market regulator Securities and Exchange Board of India (SEBI) has announced a new regulatory framework to ensure the safer participation of retail investors in algorithmic (algo) trading. The new rules, outlined in a circular issued on 4 February 2025, aim to establish proper checks &...

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Moneylife Digital Team 04 February 2025
The Indian government has announced that Rs2,025.75 crore has been disbursed to 1.16mn (million) depositors of the Sahara group of cooperative societies as of 28 January 2025. It includes depositors of Sahara Credit Cooperative Society Ltd, Saharayan Universal Multipurpose Society Ltd, Humara...

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Moneylife Digital Team 04 February 2025
The directorate of enforcement (ED) has conducted search operations at three locations in Chennai as part of its ongoing investigation into RKM Powergen Pvt Ltd (RKMPPL) under the Prevention of Money Laundering Act (PMLA), 2002. The searches targeted premises linked to Andal Arumugam, S...

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Dr Gopal Krishna 04 February 2025
The Aadhaar Act disallows an individual access to the biometric information that forms the core of her unique ID (Aadhaar). The lack of access is problematic for the following reasons: First, verification of whether the biometrics have been recorded correctly or not in the first place is not...

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Moneylife Digital Team 04 February 2025
Trade unions across the country are set to stage a nationwide protest on 5th February against what they describe as an 'anti-worker, anti-farmer and anti-people' Budget for the financial year (FY)25-2026. The demonstration, organised by 10 central trade unions and independent sectoral...

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Moneylife Digital Team 04 February 2025
Market regulator Securities and Exchange Board of India (SEBI) proposed mandating digital assurances of financial statements of top-100 listed companies to create greater transparency and trust in the financial disclosures made by the listed entities. Reporting on digital assurance will be...

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Moneylife Digital Team 04 February 2025
Information provided by the insurance regulatory and development authority of India (IRDAI) shows that, as of 31 March 2024, insurance companies have unclaimed insurance funds worth Rs21,718 crore which declined from Rs23,699 crore as of 31 March 2023. However, IRDAI does not maintain data...

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