ECONOMY & NATION


IANS 29 November 2022
The Tata Group on Tuesday announced the consolidation of its airlines, Vistara and Air India. With this consolidation, Air India will be India's leading domestic and international carrier with a combined fleet of 218 aircraft, making it India's largest international carrier and second largest...

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The Leaflet 29 November 2022
The Supreme Court, on Monday, again expressed its displeasure at the Union Government’s unwillingness to clear the names of judges recommended by the Supreme Court Collegium. The Court termed the government’s inaction as amounting to frustrating the entire system.   “How will the...

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Moneylife Digital Team 28 November 2022
India's bank credit growth will accelerate in the financial year ending March 2023 (FY22-23), despite the effects of higher interest rates. Strong loan growth should benefit net revenue, particularly as it will be coupled with wider net interest margins. However, it will put pressure on the...

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Moneylife Digital Team 28 November 2022
The Reserve Bank of India (RBI) has asked Paytm Payments Services Ltd to resubmit the application to operate as a payment aggregator. The banking regulator put a pause on onboarding of online merchants by Paytm Payments Services. The company will not onboard new online merchants till the time...

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IANS 28 November 2022
Online home services marketplace Urban Company on Monday said it has awarded stocks worth Rs 5.2 crore to 497 service partners under the Partner Stock Option Plan (PSOP) programme.   Of the total recipients, about 30 per cent were female service partners from the beauty and wellness...

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IANS 28 November 2022
Amid an exercise to wind up certain verticals as part of global exercise to cut costs, Amazon on Monday announced to shut down its wholesale distribution business in India.   The e-commerce major is discontinuing Amazon Distribution, its wholesale e-commerce website available in some...

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IANS 28 November 2022
The Central Bureau of Investigation (CBI) in its charge sheet lodged in the Rs 34,615 crore DHFL loan fraud case has said that the accused created 87 shell companies and 2,60,000 fake borrowers to launder money. The charge sheet was filed in the second week of October.   The federal...

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IANS 28 November 2022
The Swiss Challenge process initiated by LIC to find bidders for its Rs 3,400 crore debt in Reliance Capital (RCAP) has failed miserably.   The IDBI Trusteeship, process advisor responsible for running the Swiss Challenge process on behalf of LIC, did not receive even a single bid, as...

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Moneylife Digital Team 25 November 2022
Ravi Narain, former managing director and chief executive officer (MD&CEO) of the National Stock Exchange (NSE) has been granted bail by Delhi's Rouse Avenue court on humanitarian grounds. He will have to provide a personal bond Rs1 lakh with two sureties of the same amount.    In an...

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Moneylife Digital Team 25 November 2022
The Madurai Bench of the Madras High Court (HC) has sought the response of the Centre on a plea (Case No: WP(MD) 26168 of 2022) challenging the fixation of Rs2,50,000 as the base income for the purpose of collecting income-tax (I-T), given the recent Supreme Court (SC) decision upholding the...

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Moneylife Digital Team 25 November 2022
The Supreme Court, while dismissing a plea filed by the Municipal Corporation of Greater Mumbai (MCGM) about the levy of tax based on the future or intended use of land, held that the tax could be levied only based on the present position and, until an occupancy certificate is issued, the tax...

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Amitabha Banerjee Amitabha Banerjee 25 November 2022
For the full five years at the Indian Institute of Technology (IIT), I had been in the National Cadet Corps (NCC) army wing, rising to the exalted rank of senior under officer.    Not that I had any desire whatsoever to join the army after college, but it was either NCC or physical...

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IANS 25 November 2022
The Delhi High Court on Friday passed an interim order in favour of veteran Bollywood actor Amitabh Bachchan, restraining various individuals and entities from infringing his personality and publicity rights.   The actor had filed a suit against the people conducting fake 'Kaun Banega...

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IANS 24 November 2022
The Supreme Court on Thursday grilled the attorney general R Venkataramani, representing the Centre, on the appointment of Arun Goel as the election commissioner, saying what was the 'tearing urgency, haste', and why was the appointment made at a 'lightning speed'.   A five-judge...

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Moneylife Digital Team 24 November 2022
Calling India one of the countries in Asia most vulnerable to the physical risks of climate change, CRISIL Ratings says the damage from climate change, especially to agriculture, is already visible. Multiplying extreme events magnify the vulnerabilities of agriculture in India and, in the...

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IANS 24 November 2022
The country's largest lender, State Bank of India (SBI) has warned customers against instant loan apps and even suggested measures to safeguard against the menace.   "Please refrain from clicking on suspicious links or giving your information to a company posing as a Bank or Financial...

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IANS 24 November 2022
Amazon on Thursday said it is shuttering its edtech offering called Amazon Academy's operations in India starting from August 2023, and will refund the full fee to those enrolled in the current academic batch.   The e-commerce behemoth officially launched Academy (previously called...

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IANS 24 November 2022
Ramesh Chauhan is divesting Bisleri International to Tata Consumer Products Ltd (TCPL) for an estimated Rs6,000-Rs7,000 crore, The Economic Times reported.   The current management will continue for two years as part of the deal. Mr Chauhan, 82, has been in indifferent health in...

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IANS 24 November 2022
Major tax-filing websites such as H&R Block, TaxAct and TaxSlayer in the US are reportedly sending sensitive financial information to Facebook.   The information received by Facebook could be used by the company to improve its advertising algorithms, no matter whether the person using...

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IANS 24 November 2022
The Supreme Court on Wednesday dismissed an appeal by Tata Power Company Ltd (Tata Power) challenging the Maharashtra electricity regulatory commission's (MERC) decision to award a Rs7,000-crore transmission contract on a nomination basis to Adani Electricity in March last year.   A...

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