ECONOMY & NATION


SN Thyagarajan (Bar  and   Bench) 17 November 2025
A public interest litigation (PIL) has been filed before the Supreme Court seeking a court-monitored investigation into what is described as a massive banking fraud involving Reliance Communications (RCOM), its group entities and its former promoter Anil Ambani, alleging systemic diversion of...

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Moneylife Digital Team 17 November 2025
Eight prominent municipal corporations in Gujarat managing more than Rs2 lakh crore in public funds have not undergone audits for multiple years, reveals a report from The New Indian Express, based on information obtained using the Right to Information (RTI) Act.   The revelation highlights...

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Moneylife Digital Team 17 November 2025
The Supreme Court (SC) on Monday granted the Union government four additional weeks to respond to two applications filed by Sahara India Commercial Corporation Ltd (SICCL), which seek approval to sell 88 of the group’s properties, including Aamby Valley in Maharashtra and Sahara Shahar in...

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SN Thyagarajan (Bar  and   Bench) 17 November 2025
A group of minor schoolchildren have moved the Delhi High Court seeking directions to ensure that outdoor sports trials and tournaments for school students are not scheduled in the national capital during the peak winter pollution months of November to January (Nyasa Bedi Vs Government of...

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Moneylife Digital Team 17 November 2025
Reserve Bank of India (RBI) has imposed a penalty of Rs39.60 lakh on Tamilnad Mercantile Bank Ltd for contravention of provisions of section 10A of payment and settlement systems act, 2007 (PSS Act) and section 26A of the Banking Regulation Act, 1949 (BR Act).   RBI’s statutory inspection...

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Prachi Salve  and   Geeta Kashyap (IndiaSpend) 17 November 2025
In March 2025, the Ministry of Railways had stated that most of its divisions maintain “over 90% punctuality”. Behind the headline figure lies the everyday reality of passengers, with the punctuality index actually declining. Reliance on diesel locomotives, signal failures and congestion lead...

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The recent Parth Pawar land grab deal created enough of a controversy to lift the veil on a larger problem. The deal involved transfer of 40 acres of government land in Pune, reserved for the scheduled caste community, to a firm linked to deputy chief minister Ajit Pawar’s son for just Rs300...

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Moneylife Digital Team 14 November 2025
The Bombay High Court (HC) has issued a notice in a petition that seeks a full-fledged criminal investigation by the central bureau of investigation (CBI) into alleged gas theft by Reliance Industries Ltd (RIL) and its directors, including chairman Mukesh Ambani. The claim revolves around the...

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In 1983, Swraj Paul, in the status of a non-resident Indian (NRI), wished to take over a couple of Indian companies whose stock prices were underperforming, only to be deterred by the hurdles posed by the system and finally gave up.   Four years later, another NRI family, the Hinduja family,...

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Moneylife Digital Team 14 November 2025
India's labour market showed resilience in Q2FY25-26, with unemployment easing to 5.2% from 5.4% in Q1, reveals the periodic labour force survey (PLFS). Rural unemployment fell to 4.4%, while urban rates rose slightly. Labour force participation climbed to 55.1%, aided by higher female...

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S N Thyagarajan (Bar  and   Bench) 14 November 2025
The Supreme Court on Friday dismissed petitions filed by Bata India and Liberty Shoes challenging the Delhi High Court’s July 2025 judgment that had revived Crocs Inc. USA’s passing off suits against several Indian footwear manufacturers, including Bata, Liberty, Relaxo, and Action Shoes. [Bata...

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Ritwik Choudhury (Bar  and   Bench) 14 November 2025
The Supreme Court on Friday transferred commercial dispute pending before the Chennai bench of National Company Law Appellate Tribunal (NCLAT) to Principal Bench in Delhi after a judicial member of the Chennai Bench alleged that he was approached by a retired High Court judge to favour one of...

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Moneylife Digital Team 14 November 2025
Reserve Bank of India (RBI) has imposed a penalty of Rs1.50 lakh on the Tamil Nadu-based Mettupalayam Cooperative Urban Bank for non-compliance with RBI directions. The violations pertain to rules governing loans and advances to directors, their relatives and firms or concerns connected to...

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Moneylife Digital Team 14 November 2025
The Delhi zonal unit of the directorate general of goods and services tax (GST) intelligence (DGGI) has uncovered a large-scale racket involving fraudulent availment and passing of input tax credit (ITC) valued at around Rs645 crore. According to an official release, officers detected a network...

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Moneylife Digital Team 14 November 2025
The Delhi zonal unit of the directorate general of goods and services tax (GST) intelligence (DGGI) has uncovered a large-scale racket involving fraudulent availment and passing of input tax credit (ITC) valued at around Rs645 crore. According to an official release, officers detected a network...

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Ritwik Choudhury (Bar  and   Bench) 14 November 2025
The Supreme Court recently held that a company purchasing software to organise or automate its business processes cannot claim to be a “consumer” under the Consumer Protection Act, 1986 [Poly Medicure Ltd. vs. M/S Brillio Technologies Pvt. Ltd.].    A Bench of Justices JB Pardiwala and Manoj...

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Moneylife Digital Team 13 November 2025
A broad coalition of former administrators, jurists, urban planners, activists and citizen groups has written to the Maharashtra government seeking an immediate halt to what it calls the ‘indiscriminate monetisation’ of public land in Mumbai. The appeal is grounded in a detailed white paper (

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Moneylife Digital Team 13 November 2025
The directorate of enforcement (ED) on Thursday arrested Manoj Gaur, former executive chairman and chief executive officer (CEO) of Jaiprakash Associates Ltd (JAL) and former chairman and managing director (CMD) of Jaypee Infratech Ltd (JIL), in a money laundering case involving alleged...

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Moneylife Digital Team 13 November 2025
The directorate of enforcement (ED) on Thursday arrested Manoj Gaur, former executive chairman and chief executive officer (CEO) of Jaiprakash Associates Ltd (JAL) and former chairman and managing director (CMD) of Jaypee Infratech Ltd (JIL), in a money laundering case involving alleged...

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Moneylife Digital Team 13 November 2025
In a landmark judgement strengthening environmental protection across the country, the Supreme Court (SC) on Thursday prohibited all mining activities within one kilometre of national parks and wildlife sanctuaries, declaring that such operations are hazardous to wildlife and ecological...

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