ECONOMY & NATION


 A woman who leaves her husband's home pending divorce loses the right to later seek 'right to residence' in the same house even if her plea against the divorce is pending under the Protection of Women from Domestic Violence Act, 2005, the Bombay High Court's Aurangabad Bench has...

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The Central Bureau of Investigation (CBI) is currently questioning a Russian man, who is said to be the prime accused in a case related to allegations of irregularities committed in the JEE (Mains) Exams 2021.   The accused Mikhail Shargin was detained by the Bureau of Immigration at...

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The Central government on Monday advised the online news websites and OTT platforms to refrain from broadcasting advertisements of online betting platforms.   The government has noted that betting is an illegal activity and its advertisements can not be shown on digital news platforms...

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Top IT and tech firms like Wipro, Infosys and Tech Mahindra have reportedly revoked offer letters given to students after delaying their joinings by nearly three-four months.   According to reports, hundreds of freshers were given offer letters but first the joining of those...

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India's manufacturing sector dipped to a three-month-low of 55.1 in September 2022, against August's 56.2, and in face of estimates of 55.8, but still logged the 15th straight month of rising factory activity, despite global headwinds and increasing recession risks, as per the S&P Global...

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A Delhi court has dismissed the statutory bail pleas of Mumbai-based Dewan Housing Finance Corporation Ltd's (DHFL) former promoters Kapil Rajesh Wadhawan and Dheeraj Rajesh Wadhawan in connection with a multi-crore bank loan scam case.   "The filing of the present charge sheet in the...

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Debt-light balance sheets, domestic demand and better cash-flows have resulted in higher credit ratio during the first half of FY22-23 (H1FY22-23), said CRISIL Ratings.   According to CRISIL Ratings, the corporate credit ratio (upgrades vs downgrades) continues to be high—at 5.52...

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Amid the current global economic slowdown, crypto exchange WazirX has reportedly laid off 40 per cent of its total workforce.   A total of 50 to 70 employees of the 150 workers at the exchange were asked to go, CoinDesk reported, citing sources.   The laid-off employees were...

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Moneylife Digital Team 30 September 2022
After maintaining the status quo for small savings rates for 27 months (nine quarters), the finance ministry has hiked interest rates on some of the small savings schemes for October-December.   Interest rates were marginally hiked for 2-year and 3-year time deposits, senior citizens...

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Moneylife Digital Team 30 September 2022
As expected, the monetary policy committee (MPC) of the Reserve Bank of India (RBI) on Friday increased the repo rate by 50 basis points (bps) to 5.90%. Consequently, the standing deposit facility (SDF) rate stands adjusted to 5.65% and the marginal standing facility (MSF) rate and the bank...

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IANS 30 September 2022
A Goods and Services tax (GST) evasion worth Rs 824 crore has been detected against 15 insurance companies as well as several non-banking financial companies (NBFCs).   According to sources privy to developments, these companies were reportedly found to be availing input tax credit...

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Moneylife Digital Team 29 September 2022
Here is some bad news for those who want to visit the US on a non-immigrant visa. In India, the waiting time for an appointment for a visitor visa is a minimum of 582 days at Hyderabad to 848 days at the US consulate in Mumbai. In comparison, the waiting period for US visitor visas in Beijing...

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Moneylife Digital Team 29 September 2022
The enforcement directorate (ED) has virtually 'exonerated' Republic TV and R. Bharat—English and Hindi news channels owned by Arnab R Goswami, but the agency has booked 16 others of various private television channels and a market research group, for alleged money-laundering charges in the...

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IANS 28 September 2022
In a high-profile media feed hacking, US-based business news publication Fast Company on Wednesday said its content management system (CMS) was hacked and two obscene and racist push notifications were sent to users via its Apple News alerts.   Apple immediately addressed the incident...

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IANS 28 September 2022
The Delhi High Court on Wednesday granted 'statutory bail' to Chitra Ramakrishna, the former CEO-MD of National Stock Exchange (NSE), and former NSE official Anand Subramanian in the NSE co-location scam case.   Justice Sudhir Kumar Jain granted the 'statutory bail' as the probe had...

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Yogesh Sapkale Yogesh Sapkale 27 September 2022
Whenever anyone questions bad loans of scheduled commercial banks, the Union government and banking regulator often claims that written off does not mean that there would not be a recovery of dues. However, data available in the public domain from TransUnion CIBIL Ltd (CIBIL) shows that as of...

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IANS 27 September 2022
Non-banking finance companies (NBFCs), including housing finance companies (HFCs), are expected to report around 14 per cent year-on-year growth in assets under management in current financial year, India Ratings said in a report.   "GNPA could rise moderately to 5% in FY23 from 4.6%...

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Moneylife Digital Team 27 September 2022
The ministry of corporate affairs (MCA) appointed Nand Kishore as managing director (MD) of crisis-hit Infrastructure Leasing and Finance Ltd (IL&FS), while incumbent MD CS Rajan has been made non-executive chairman. After the end of the term of Uday Kotak on 2 April 2022, Mr Rajan was...

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IANS 27 September 2022
Come Tuesday, the Supreme Court will begin live streaming its Constitution bench proceedings, which can be accessed at: webcast.gov.in/scindia/   The apex court will live stream three separate five-judge Constitution benches.   A five-judge bench, headed by Chief Justice U.U....

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Yogesh Sapkale Yogesh Sapkale 26 September 2022
Bank of Baroda (BoB), the second largest public sector bank (PSB), has written off bad loans worth Rs44,481.24 crore of big defaulters with an outstanding of Rs100 crore and more over the past 10 years. During the same period, BoB managed to recover just 25% of the written-off debt, as per...

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