ECONOMY & NATION


Donald Trump was known to be unpredictable. But what he has unleashed since he became US president has shocked even hardened policy-makers, businessmen, traders, investors, politicians and bureaucrats. And he still has 46 months to go. I have been anticipating this for a while. Last October and...

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Moneylife Digital Team 13 March 2025
IndusInd Bank has been at the centre of financial turmoil following the revelation of discrepancies in its derivative portfolio, leading to a 2.35% reduction in net worth. This triggered a sharp decline in its stock price on Tuesday. We have covered it here. The stock has been falling for a...

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The unprecedented revelation of an accounting fluff by the fifth biggest private bank in the country is not a routine year-end journal entry to gloss over. Nor the niceties to be observed to await a full investigation report to air one's prima facie views!   Leaving aside many other alarming...

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Moneylife Digital Team 13 March 2025
The Reserve Bank of India (RBI) has widened its investigation into derivative exposures of multiple private and state-run banks following significant accounting discrepancies revealed by IndusInd Bank. This expanded probe comes after IndusInd Bank disclosed lapses in its derivatives accounting...

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Moneylife Digital Team 13 March 2025
Expressing concern over how homebuyers in the National Capital Region (NCR) have been held 'to ransom', the Supreme Court has hinted at ordering a central bureau of investigation (CBI) probe into an alleged nexus between real estate developers and banks through subvention schemes for various...

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Moneylife Digital Team 13 March 2025
India’s top telecom players, Bharti Airtel and Jio Platforms, have signed separate agreements with Elon Musk’s SpaceX to introduce Starlink’s satellite broadband services in India. The partnerships aim to leverage their telecom infrastructure to expand high-speed connectivity to businesses,...

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Moneylife Digital Team 13 March 2025
India's retail inflation has dropped below the Reserve Bank of India's (RBI) 4% target, hitting a seven-month low of 3.6% in February, down from 4.3% in January. This decline was primarily driven by a significant drop in food inflation, which fell to 3.7%—its lowest level since May 2023....

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Moneylife Digital Team 13 March 2025
The Kochi office of the directorate of enforcement (ED) has provisionally attached assets worth Rs16.52 crore belonging to the directors of Surabhi Steels Pvt Ltd and its group companies. The attached assets, comprising 17 immovable properties, including land and buildings located at prime...

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Moneylife Digital Team 13 March 2025
The Kochi office of the directorate of enforcement (ED) has provisionally attached assets worth Rs16.52 crore belonging to the directors of Surabhi Steels Pvt Ltd and its group companies. The attached assets, comprising 17 immovable properties, including land and buildings located at prime...

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Moneylife Digital Team 13 March 2025
The Union ministry of law and justice in February forwarded a summons from the US Securities and Exchange Commission (SEC) to a sessions court in Ahmedabad for it to be served on industrialist Gautam Adani at his address in the city, the Union government confirmed to The Hindu.   "Under...

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Moneylife Digital Team 12 March 2025
Coming down heavily on the State Bank of India (SBI) for challenging an innocuous order passed by a chief metropolitan magistrate (CMM) in a loan recovery case, the Delhi High Court (HC) called the matter a 'luxury litigation' by SBI, which in no way causes any irreparable loss of reputation or...

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Sahyaja MS (Bar  and   Bench) 12 March 2025
The Central Bureau of Investigation (CBI) recently conducted a search at the home of a retired National Company Law Tribunal (NCLT) member in connection with a case where a law firm solicited bribes from a party to obtain a favourable order, Times of India reported.   Bar & Bench has accessed...

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A right to information (RTI) applicant seeking information on those investigation reports by the serious fraud investigation office (SFIO), which have been completed by investigative officers, has got some respite from the central information commissioner (CIC). The CIC directed the SFIO, which...

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Moneylife Digital Team 12 March 2025
Soon after Bharti Airtel Ltd (Airtel) announced a strategic partnership, Reliance group company Jio Platforms Ltd (JPL) also says it signed an agreement with Elon Musk's SpaceX to bring Starlink's high-speed internet services to Jio customers in India.    The agreement, which remains subject...

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Moneylife Digital Team 11 March 2025
For the fifth straight day, shares of IndusInd Bank Ltd tanked 27% on Tuesday after the private sector lender reported some discrepancies in its derivatives portfolio. During the morning trade, IndusInd Bank slumped 22.8% to hit the lower circuit at Rs695.25, a 52-week low of the scrip on BSE....

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Moneylife Digital Team 11 March 2025
Bharti Airtel Ltd (Airtel) has announced a strategic partnership with Elon Musk's SpaceX to bring Starlink's high-speed internet services to its customers in India. This marks the first agreement of its kind to be signed in the country, though it remains subject to SpaceX securing necessary...

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Moneylife Digital Team 11 March 2025
The cost of vegetarian and non-vegetarian thalis in India declined by 5% in February compared to the previous month, according to a report by CRISIL Intelligence. The reduction is attributed to lower prices of essential ingredients, including vegetables, particularly onions, tomatoes, potatoes...

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SN Thyagarajan (Bar  and   Bench) 11 March 2025
The Bombay High Court recently ruled that a Limited Liability Partnership (LLP) can be bound by an arbitration clause in its partnership agreement, even if the LLP itself is not a signatory to the agreement.    The Court held that an LLP, as the central entity governed by the partnership...

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Moneylife Digital Team 10 March 2025
Tax professionals have voiced growing concerns over the massive backlog of 549,042 income-tax (I-T) appeals that remain pending before the commissioner of income-tax (appeals) (CIT-A) and the national faceless appeal centre (NFAC), with some of these appeals languishing for over five years....

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Tanvi Deshpande (IndiaSpend) 10 March 2025
When great trees fall, rocks on distant hills shudder, lions hunker down in tall grasses, and even elephants lumber after safety.   - Maya Angelou   When you think of a state in Northeast India, does an image of a dense forest come to mind? The states of this pristine region have more...

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