ECONOMY & NATION


Last week, the CNX SmallCap 100 index cracked by 7.3%. On Monday, it crashed a further 4%. The last time the index fell more than this was way back in December 2022 (8.33%). This serious decline comes after months of churning, with the index trying, but unable, to head higher. With the benefit...

Read More



An article on Justworks.com begins with a powerful statement, “Work-life balance isn’t just a buzzword — it’s a critical factor in attracting, retaining, and inspiring top talent around the world.   Apparently, this does hold sway at Larsen & Toubro (L&T). Its chairman, SN Subrahmanyan,...

Read More



  Hitopadesha, is a Sanskrit text that contains fables, aphorisms and maxims to provide healthy advice and guidance to people in dealing with day-to-day predicaments and dilemmas.    There occurs an interesting couplet which lists out the enemies of a householder.    They are, a father,...

Read More



Farouk Merwan Irani was a name to reckon with in the world of financial services for nearly four decades. He founded, in the company of Dr AC Muthiah, the first company in the domain of asset leasing in the country which was aptly christened ‘The First Leasing Company of India Ltd’...

Read More



Farouk Merwan Irani was a name to reckon with in the world of financial services for nearly four decades. He founded, in the company of Dr AC Muthiah, the first company in the domain of asset leasing in the country which was aptly christened ‘The First Leasing Company of India Ltd’...

Read More



Moneylife Digital Team 17 January 2025
Economy India’s retail inflation softened to a four-month low of 5.22% in December 2024, down from 5.5% in November, aided by a dip in food inflation from 9.04% to 8.4%. Despite this cooling, the Reserve Bank of India (RBI) may face constraints in cutting interest rates during its February...

Read More



Moneylife Digital Team 17 January 2025
The Delhi zonal office of the directorate of enforcement (ED) has attached immovable properties worth Rs442.85 crore belonging to Kwality Ltd's erstwhile promoter, chairman and managing director (CMD) Sanjay Dhingra and non-executive director Siddhant Gupta in the company's Rs1,400.62 crore...

Read More



Moneylife Digital Team 17 January 2025
Reserve Bank of India (RBI) has imposed a penalty of Rs5 lakh on Parbhani District Central Cooperative Bank (DCC) Ltd from Maharashtra for contravention of provisions of Section 20 and Section 26A of the Banking Regulation Act (BR Act).   The statutory inspection of Parbhani DCC Bank was...

Read More



Moneylife Digital Team 17 January 2025
Holding that prolonged restrictions on the right to travel cannot be justified in the absence of conclusive findings, the Delhi High Court (HC) suspended conditionally a lookout circular (LOC) issued against Punj Lloyd Ltd's promoter and director, Atul Punj. While permitting Mr Punj to travel...

Read More



Varsha Torgalkar (IndiaSpend) 17 January 2025
It was the first day of Diwali, and Rupali Hukire (name changed), a 42-year-old beautician, hurriedly cleaned big buckets and steel pots. She draws water from her neighbour's borewell at a cost of Rs100 for 30 minutes of pumping. Though her home, in Khandavi village in the Barshi tehsil of...

Read More



Moneylife Digital Team 16 January 2025
The Gurugram zonal office of the directorate of enforcement (ED) has attached immovable properties worth Rs224.08 crore of Vicinity Hotels Pvt Ltd, in the case of Krrish Realtech Pvt Ltd, Amit Katyal and others.   In a release, ED says it has provisionally attached immovable properties on 15...

Read More



Moneylife Digital Team 16 January 2025
The Ahmedabad zonal office of the directorate of enforcement (ED) has frozen 37 bank accounts with a balance of Rs33.67 crore and seized two high-end Mercedees-make luxury cars in the bank fraud case against Electrotherm India Ltd and others.   In a release, ED says, "Ahmedabad zonal office...

Read More



Moneylife Digital Team 16 January 2025
The Ahmedabad zonal office of the directorate of enforcement (ED) has frozen 37 bank accounts with a balance of Rs33.67 crore and seized two high-end Mercedees-make luxury cars in the bank fraud case against Electrotherm India Ltd and others.   In a release, ED says, "Ahmedabad zonal office...

Read More



Moneylife Digital Team 16 January 2025
US short-seller Hindenburg Research, whose reports resulted in wiping out billions of dollars of Indian billionaire Gautam Adani and his companies, has decided to close down the business. Nate Anderson, founder of Hindenburg Research, announced the decision in a personal note on its...

Read More



Sahyaja MS (Bar  and   Bench) 16 January 2025
The indefinite strike by 156 contractual and outsourced staff members of the Mumbai Bench of the National Company Law Tribunal (NCLT) entered its third day on Thursday, with employees citing extreme financial hardships due to delayed salaries.   The employees have alleged that have not...

Read More



Moneylife Digital Team 15 January 2025
Small finance banks (SFBs) witnessed a strong growth momentum in FY22-23 and FY23-24, with expansion driven by buoyant credit demand and improved product offerings. However, given the industry-wide headwinds, specifically in the microfinance segment, rating agency ICRA expects SFB growth to...

Read More



Sofi Ahsan (Bar  and   Bench) 15 January 2025
The Supreme Court on Wednesday rebuked the Central government and the Enforcement Directorate (ED) for making arguments contrary to the provisions of Prevention of Money Laundering Act (PMLA) to oppose bail petitions of accused.   The Court said that such a stance of the government showed its...

Read More



Sofi Ahsan (Bar  and   Bench) 15 January 2025
The Supreme Court on Wednesday rebuked the Central government and the Enforcement Directorate (ED) for making arguments contrary to the provisions of Prevention of Money Laundering Act (PMLA) to oppose bail petitions of accused.   The Court said that such a stance of the government showed its...

Read More



Moneylife Digital Team 15 January 2025
The Reserve Bank of India (RBI) has cancelled the certificates of registration (CoR) of 10 non-banking financial companies (NBFCs) based in West Bengal, citing supervisory concerns.   The companies affected by this action include East India Leasing Company Ltd, Kakrania Trading Pvt Ltd,...

Read More



Moneylife Digital Team 14 January 2025
Shares of State-run Indian Overseas Bank (IOB), Bank of Maharashtra (BoM), Punjab & Sind Bank, UCO Bank and Central Bank of India jumped nearly 13% to 20% Tuesday amid reports about the Union government approving fundraising plans for these public sector banks (PSBs).    IOB was the biggest...

Read More

Free Helpline
Legal Credit
Feedback