ECONOMY & NATION


Last week, I was chatting with a retired banker who has his savings invested largely in stocks. Like many thoughtful people hoping to see a just and equitable society, he was concerned about “what’s going on in the country”. He wants a change for the better. Then, he hastened to add with a...

Read More



Moneylife Digital Team/ IANS 08 December 2023
Coming down heavily on two chartered accounts (CAs), one of them who worked as an engagement partner (EP) for professional misconduct while conducting a statutory audit of Dewan Housing Finance Corporation Ltd (DHFL) for FY17-18, the national financial reporting authority (NFRA) barred them...

Read More



IANS 08 December 2023
For the employees of public sector banks (PSBs), 2023 ends on a happy note as the Indian Banks' Association (IBA) on Thursday inked a 17 per cent annual wage hike agreement with bank unions.   The wage revision will be effective from 1.11.2022 for a period of five years.   The...

Read More



IANS 08 December 2023
Global watchdog group Aviation Working Group (AWG) downgraded India to "negative" from "positive" on Thursday as foreign lessors have not been able to get back their aircraft from Wadia group’s grounded airline Go First, which declared bankruptcy seven months ago.   AWG's downgrade is...

Read More



IANS 07 December 2023
The Central government on Thursday directed sugar mills to not use sugarcane juice for producing ethanol in 2023-2024 as it is worried that the country’s sugar output may fall which would lead to a spike in prices.   Ethanol is supplied to oil marketing companies such as Indian Oil,...

Read More



IANS 07 December 2023
The International Air Transport Association (IATA) on Wednesday announced strengthened profitability projections for airlines in 2023 which will then largely stabilise in 2024.   However, net profitability at the global level is expected to be well below the cost of capital in both...

Read More



IANS 07 December 2023
Network18 Media & Investments (Network18) and TV18 Broadcast Ltd (TV18) on Wednesday announced a scheme of arrangement in terms of which TV18 and e-Eighteen.com Ltd (E18 which owns and operates moneycontrol website and app) will merge with Network18.   The proposed scheme will...

Read More



IANS 06 December 2023
The government on Wednesday said that it has blocked 100 websites involved in organised crime or task-based part time job frauds, after the Ministry of Home Affairs through its vertical National Cybercrime Threat Analytics Unit (NCTAU) identified them and recommended the action.   The...

Read More



IANS 06 December 2023
In a stern response to the continuous absence of prosecution lawyers in the 2020 northeast Delhi riots case being investigated by the enforcement directorate (ED), a Delhi court has ordered the personal appearance of the anti-money laundering agency's special director.   The case in...

Read More



Moneylife Digital Team 06 December 2023
Holding State Bank of India (SBI) and SBI Life Insurance Co Ltd (SBI Life) guilty of unfair trade practice and deficiency in service in rejecting the death insurance claim of a borrower of a home loan, the national consumer disputes redressal commission (NCDRC) directed them to settle the...

Read More



IANS 06 December 2023
The government has detected goods and services tax (GST) evasion to the tune of Rs1.51 lakh crore between April to October in the current financial year (2023-24), according to data tabled by the Finance Ministry in Parliament on Tuesday.   The highest tax evasion of Rs84, 400 crore...

Read More



IANS 06 December 2023
State Bank of India has stated in a regulatory filing that it plans to acquire an additional 20% stake in SBI Pension Funds for Rs229.52 crore.   SBI already owns a 60% stake in SBI Pension Funds and the 20% that it will acquire from SBI Capital Markets, will take the bank's stake in...

Read More



IANS 06 December 2023
Home-grown digital equated monthly instalment (EMI) financing platform ZestMoney, backed by Goldman Sachs, is shutting down operations after several unsuccessful attempts to find a buyer, media reported on Wednesday.   ZestMoney was valued at US$445mn (million) and raised over...

Read More



IANS 05 December 2023
Days after registering the case in connection with the suspicious transaction case of Rs 820 crore from the UCO Bank, the Central Bureau of Investigation (CBI) on Tuesday said that it has carried out searches at 13 locations in West Bengal and Karnataka at the premises of accused and others...

Read More



IANS 05 December 2023
The Karnataka High Court has suspended live streaming and video conferencing due to hackers playing obscene and indecent videos on Tuesday.   Chief Justice Prasanna B. Varale orally stated that an unfortunate situation had arisen, and live streaming and video conferencing...

Read More



IANS 05 December 2023
The severe cyclonic storm Michaung in the Bay of Bengal started making landfall along the Andhra Pradesh coast near Bapatla on Tuesday, triggering heavy rains accompanied by gales.   The sea was rough, with tidal waves lashing the coast. Met officials said the severe cyclone slightly...

Read More



IANS 05 December 2023
Bollywood superstar Aamir Khan, who was last seen in his ambitious film ‘Laal Singh Chaddha’, was stranded in Chennai floods as Cyclone Michaung hit near Bapatla on the Andhra Pradesh coast.   However, the actor has been rescued after 24 hours of being stranded.   Tamil actor...

Read More



Moneylife Digital Team 04 December 2023
The Board of Control for Cricket in India (BCCI) has filed a plea before the Bengaluru bench of the National Company Law Tribunal (NCLT) against Think & Learn Pvt Ltd (Byju's) to recover its dues worth Rs158 crore. The petition is filed under Section 9 of the Insolvency & Bankruptcy Code...

Read More



Moneylife Digital Team 04 December 2023
Mumbai-based IT services provider Softcell Technologies Global Pvt Ltd (Softcell) has partnered with Binalyze, the creator of AIR, the world's fastest and most comprehensive Digital Forensics and Incident Response (DFIR) platform to provide digital forensics and incident response solutions in...

Read More



IANS 04 December 2023
Cyclone Michaung led to the disruption of normal life in Tamil Nadu on Monday, with Chennai being the worst affected.   Heavy rainfall has lashed the state capital, resulting in water logging of subways and arterial roads.   On Monday morning, the Chennai airport have delayed...

Read More

Free Helpline
Legal Credit
Feedback