ECONOMY & NATION


Moneylife Digital Team 29 August 2024
The directorate of enforcement (ED) has provisionally attached 401.65 acres of land located in 20 villages, valued at Rs834.03 crore belonging to EMAAR India Ltd (Rs501.13 crore) and MGF Developments Ltd (Rs332.69 crore). The land is located across 20 villages of Gurugram, Haryana and...

Read More



Sahyaja MS (Bar  and   Bench) 29 August 2024
The Bombay High Court on Thursday sharply criticised Maharashtra’s decision to retroactively reduce police protection fees for Indian Premier League (IPL) T20 cricket matches (Anil Galgali v. State of Maharashtra). Chief Justice DK Upadhyay pointed out that the State has been less gracious...

Read More



Moneylife Digital Team 29 August 2024
India will soon wear a grand necklace of industrial smart cities as in a landmark decision, the cabinet committee on economic affairs (CCEA) chaired by prime minister (OM) Narendra Modi has approved 12 new project proposals under the National Industrial Corridor Development Programme (NICDP)...

Read More



Moneylife Digital Team 29 August 2024
The Indian government has unveiled a new regulation, the draft 'Sugar (Control) Order, 2024,' which will permit the sale of raw sugar in the domestic market, effectively replacing a six-decade-old rule that restricted this commodity to exports only. Released on 22 August, 2024, by the ministry...

Read More



Moneylife Digital Team 29 August 2024
Market regulator Securities and Exchange Board of India (SEBI) has debarred 14 entities, including promoter-directors of Rana Sugars Ltd and other related entities, from the markets for two years and slapped a Rs63 crore fine on them on charges of diversion of funds.   SEBI also restrained...

Read More



Moneylife Digital Team 28 August 2024
In a shocking development that has rattled the investment community, police on Wednesday detained a suspect in connection with DB Stock Broking, a company alleged to have defrauded investors of nearly Rs7,000 crore, says a report from Deccan Chronicle.   According to the report, Monalisa Das,...

Read More



Moneylife Digital Team 28 August 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs3.50 lakh on two cooperative banks for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs2 lakh has been imposed on Manipur State Cooperative Bank Ltd.   The other bank penalised by RBI is...

Read More



Moneylife Digital Team 27 August 2024
Zee Entertainment Enterprises Ltd (ZEE) has reached a comprehensive settlement with Culver Max Entertainment Pvt Ltd (CMEPL), operating as Sony Pictures Networks India (SPNI), and its affiliate Bangla Entertainment Pvt Ltd (BEPL). This non-cash agreement effectively resolves all disputes...

Read More



Moneylife Digital Team 27 August 2024
Hindustan Unilever Ltd (HUL) received a demand notice for Rs962.75 crore, including interest of Rs323.33 crore from the income-tax (I-T) department. The demand notice has been sent for not deducting tax deducted at source (TDS) while making a payment of Rs3,045 crore for buying intellectual...

Read More



Moneylife Digital Team 27 August 2024
Hindustan Unilever Ltd (HUL) received a demand notice for Rs962.75 crore, including interest of Rs323.33 crore from the income-tax (I-T) department. The demand notice has been sent for not deducting tax deducted at source (TDS) while making a payment of Rs3,045 crore for buying intellectual...

Read More



Moneylife Digital Team 27 August 2024
One97 Communications Ltd, the owner of Paytm brand, says it had already made disclosures about the notice issued by market regulator Securities and Exchange Board of India (SEBI) on employee stock options (ESOPs) given to Vijay Shekhar Sharma, the company's managing director and chief executive...

Read More



Abhimanyu Hazarika (Bar  and   Bench) 27 August 2024
The Supreme Court on Tuesday granted bail to Bharat Rashtra Samithi (BRS) leader Kalvakuntla Kavitha in the cases initiated by the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI) in relation to the alleged corruption in the implementation of the now-scrapped Delhi...

Read More



Sahyaja MS (Bar  and   Bench) 26 August 2024
The Bombay High Court on Monday granted an interim stay on a July 16 order of a Pune court which had dismissed a trademark infringement suit filed by fast food giant Burger King against a local burger joint with the same name (Burger King Corporation v. Anahita Irani and Another).   A Bench...

Read More



Moneylife Digital Team 23 August 2024
Coming down heavily on Reliance Home Finance Ltd (RHFL), Anil D Ambani, the chairperson of Anil Dhirubhai Ambani (ADA) group, several key managerial personnel (KMPs) and ADA group companies, market regulator Securities and Exchange Board of India (SEBI) has slapped a penalty of Rs624.06 crore...

Read More



The Finance Bill 2024 had proposed the removal of indexation for all capital assets.    The implications of the change were earlier commented upon in this column on 28 July 2024.   One of the points highlighted in the article was that the change, inter alia, hit hard the investments made in...

Read More



Moneylife Digital Team 23 August 2024
The National Financial Reporting Authority (NFRA) has intensified its crackdown on auditing malpractices related to Coffee Day Enterprises Ltd (CDEL) and its subsidiaries. In its latest action, NFRA has imposed a record-breaking penalty of Rs10 crore on KPMG affiliate M/s BSR & Associates LLP...

Read More



Moneylife Digital Team 23 August 2024
The National Financial Reporting Authority (NFRA) has intensified its crackdown on auditing malpractices related to Coffee Day Enterprises Ltd (CDEL) and its subsidiaries. In its latest action, NFRA has imposed a record-breaking penalty of Rs10 crore on KPMG affiliate M/s BSR & Associates LLP...

Read More



Moneylife Digital Team 23 August 2024
Reserve Bank of India (RBI) has cancelled the certificate of registration (CoR) of Margdarshak Financial Services Ltd, a non-banking financial company (NBFC) based in Lucknow, effective 20 August 2024. This decision, made under Section 45-IA (6) of the RBI Act, 1934, prohibits the company from...

Read More



When I look at the buildings in Hong Kong, or the roads in Dubai; the uniform architecture of buildings in different parts of London or on the islands of Greece; and then return to India and compare the scenario, I wonder why the great disparity. Except for a few patches in this vast country, India...

Read More



Moneylife Digital Team 23 August 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs36.50 lakh on five cooperative banks for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs25 lakh has been imposed on Nagpur-based Shikshak Sahakari Bank Ltd.   Other banks penalised by the RBI...

Read More

Free Helpline
Legal Credit
Feedback