ECONOMY & NATION


IANS 07 December 2023
The Central government on Thursday directed sugar mills to not use sugarcane juice for producing ethanol in 2023-2024 as it is worried that the country’s sugar output may fall which would lead to a spike in prices.   Ethanol is supplied to oil marketing companies such as Indian Oil,...

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IANS 07 December 2023
The International Air Transport Association (IATA) on Wednesday announced strengthened profitability projections for airlines in 2023, which will then largely stabilise in 2024.   However, net profitability at the global level is expected to be well below the cost of capital in both...

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IANS 07 December 2023
Network18 Media & Investments Ltd. (Network18) and TV18 Broadcast Ltd (TV18) on Wednesday announced a Scheme of Arrangement in terms of which TV18 and e-Eighteen.com Ltd (E18 which owns and operates moneycontrol website and app) will merge with Network18.   The proposed scheme will...

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Moneylife Digital Team/ IANS 07 December 2023
Coming down heavily on two chartered accounts (CAs), one of them who worked as an engagement partner (EP) for professional misconduct while conducting a statutory audit of Dewan Housing Finance Corporation Ltd (DHFL) for FY17-18, the National Financial Reporting Authority (NFRA) barred them...

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IANS 06 December 2023
The government on Wednesday said that it has blocked 100 websites involved in organised crime or task-based part time job frauds, after the Ministry of Home Affairs through its vertical National Cybercrime Threat Analytics Unit (NCTAU) identified them and recommended for the...

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IANS 06 December 2023
In a stern response to the continuous absence of prosecution lawyers in the 2020 northeast Delhi riots case being investigated by the Enforcement Directorate (ED), a Delhi court has ordered the personal appearance of the anti-money laundering agency's Special Director.   The case in...

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Moneylife Digital Team 06 December 2023
Holding State Bank of India (SBI) and SBI Life Insurance Co Ltd (SBI Life) guilty of unfair trade practice and deficiency in service in rejecting the death insurance claim of a borrower of a home loan, the national consumer disputes redressal commission (NCDRC) directed them to settle the...

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IANS 06 December 2023
The government has detected goods and services tax (GST) evasion to the tune of Rs 1.51 lakh crore between April to October in the current financial year (2023-24), according to data tabled by the Finance Ministry in Parliament on Tuesday.   The highest tax evasion of Rs 84, 400 crore...

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IANS 06 December 2023
State Bank of India has stated in a regulatory filing that it plans to acquire an additional 20 per cent stake in SBI Pension Funds for Rs 229.52 crore.   SBI already owns a 60 per cent stake in SBI Pension Funds and the 20 per cent that it will acquire from SBI Capital Markets, will...

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IANS 06 December 2023
Homegrown digital EMI financing platform ZestMoney, backed by Goldman Sachs, is shutting down operations after several unsuccessful attempts to find a buyer, media reported on Wednesday.   ZestMoney was valued at $445 million and raised over $130 million from a range of investors,...

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Last week, I was chatting with a retired banker who has his savings invested largely in stocks. Like many thoughtful people hoping to see a just and equitable society, he was concerned about “what’s going on in the country”. He wants a change for the better. Then, he hastened to add with a...

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IANS 05 December 2023
Days after registering the case in connection with the suspicious transaction case of Rs 820 crore from the UCO Bank, the Central Bureau of Investigation (CBI) on Tuesday said that it has carried out searches at 13 locations in West Bengal and Karnataka at the premises of accused and others...

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IANS 05 December 2023
The Karnataka High Court has suspended live streaming and video conferencing due to hackers playing obscene and indecent videos on Tuesday.   Chief Justice Prasanna B. Varale orally stated that an unfortunate situation had arisen, and live streaming and video conferencing...

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IANS 05 December 2023
The severe cyclonic storm Michaung in the Bay of Bengal started making landfall along the Andhra Pradesh coast near Bapatla on Tuesday, triggering heavy rains accompanied by gales.   The sea was rough, with tidal waves lashing the coast. Met officials said the severe cyclone slightly...

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IANS 05 December 2023
Bollywood superstar Aamir Khan, who was last seen in his ambitious film ‘Laal Singh Chaddha’, was stranded in Chennai floods as Cyclone Michaung hit near Bapatla on the Andhra Pradesh coast.   However, the actor has been rescued after 24 hours of being stranded.   Tamil actor...

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Moneylife Digital Team 04 December 2023
The Board of Control for Cricket in India (BCCI) has filed a plea before the Bengaluru bench of the National Company Law Tribunal (NCLT) against Think & Learn Pvt Ltd (Byju's) to recover its dues worth Rs158 crore. The petition is filed under Section 9 of the Insolvency & Bankruptcy Code...

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Moneylife Digital Team 04 December 2023
Mumbai-based IT services provider Softcell Technologies Global Pvt Ltd (Softcell) has partnered with Binalyze, the creator of AIR, the world's fastest and most comprehensive Digital Forensics and Incident Response (DFIR) platform to provide digital forensics and incident response solutions in...

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IANS 04 December 2023
Cyclone Michaung led to the disruption of normal life in Tamil Nadu on Monday, with Chennai being the worst affected.   Heavy rainfall has lashed the state capital, resulting in water logging of subways and arterial roads.   On Monday morning, the Chennai airport have delayed...

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IANS 04 December 2023
The loans Elon Musk took out to buy Twitter (now called X) was about $13 billion and the social media company has to pay about $1.2 billion in interest payments every year.   As big advertisers quit the platform and X cannot pay the interest on its loans or pay employees, then it...

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It's been 55 years since Virginia Slims declared, “You Have Come a Long Way Baby”, to entice women to smoke. This week, one wonders where we stand in the fight for gender equality. On the one hand, India can boast of two women presidents, a de facto and one de jure prime minister, a...

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