ECONOMY & NATION


Neha Joshi (Bar  and   Bench) 13 January 2026
The Bank of Baroda, IDBI Bank, Indian Overseas Bank and auditor BDO India LLP have approached a Division Bench of the Bombay High Court to challenge a single judge order that restrained them from taking any action against businessman Anil Ambani under the Reserve Bank of India’s 2024 Master...

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Moneylife Digital Team 13 January 2026
US-based Indian-origin astronomer professor Shrinivas Kulkarni has been awarded the prestigious gold medal of the Royal Astronomical Society (RAS), the organisation’s highest honour, in recognition of his pioneering and 'field-defining' contributions to time-domain astronomy.   The award,...

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Prashant Jha (Bar  and   Bench) 12 January 2026
The Delhi High Court on Monday questioned Union Bank of India’s show cause notice to industrialist Anil Ambani’s son Jai Anmol Ambani over allegedly fraudulent activity in the account of a company owned by him.    Justice Jasmeet Singh noted that the show cause notice was issued to Ambani on...

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Moneylife Digital Team 12 January 2026
India’s flagship skill development programme, the Pradhan Mantri Kaushal Vikas Yojana (PMKVY), has been marred by serious systemic weaknesses in planning, execution and monitoring, according to a damning performance audit by the comptroller and auditor general of India (CAG). The audit, tabled...

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Moneylife Digital Team 12 January 2026
In a significant development in the high-profile Heera Gold scam, the directorate of enforcement (ED) has arrested an imposter allegedly acting on the directions of scam accused Nowhera Shaik for attempting to interfere with the agency’s investigation and the auction of attached properties...

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The proposed US$4.45bn (billion) investment by Mitsubishi UFJ Financial Group (MUFG) in Shriram Finance Ltd has been causing ripples for the scale of the FDI (foreign direct investment) in a non-banking financial company (NBFC).   This investment would secure MUFG a 20% stake in the company,...

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Moneylife Digital Team 09 January 2026
Maharashtra cyber police have filed a voluminous charge-sheet running into about 2,500 pages in the Rs58-crore ‘digital arrest’ scam, detailing how a network of cybercriminals used intimidation, fake legal proceedings and a maze of mule bank accounts to defraud a 72-year-old Mumbai resident of...

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Moneylife Digital Team 09 January 2026
The Sanctioning of Russia Act 2025, backed by US president Donald Trump, authorises tariffs of at least 500% on countries importing Russian oil, gas or uranium — explicitly targeting India, China and Brazil. Drafted by Senators Lindsay Graham and Richard Blumenthal, the bipartisan Bill aims to...

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Moneylife Digital Team 09 January 2026
Reserve Bank of India (RBI) has issued a compounding order in the case of Kakinada Seaports Ltd, bringing an end to adjudication proceedings initiated under the Foreign Exchange Management Act (FEMA), 1999, following a no-objection from the directorate of enforcement (ED).   According to ED,...

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Prashant Jha (Bar  and   Bench) 09 January 2026
A Delhi court on Friday charged Rashtriya Janata Dal (RJD) President Lalu Prasad Yadav, his wife Rabri Devi, children Tejashwi Yadav, Tej Pratap Yadav, Misa Bharti and several others with corruption and criminal conspiracy in the alleged Railways land-for-jobs scam.   Special Judge (PC Act)...

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Moneylife Digital Team 09 January 2026
Reserve Bank of India (RBI) has imposed a penalty of ₹1 lakh on Jharkhand-based Pinnacle Capital Solutions Pvt Ltd, a non-banking financial company (NBFC), for non-compliance with the directions issued by RBI on default loss guarantee (DLG) in digital lending.   RBI's statutory inspection...

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Moneylife Digital Team 09 January 2026
Madhav Dhananjaya Gadgil, one of India’s most influential ecologists and a towering voice in the country’s environmental discourse, passed away in Pune on 7 January 2026. He was 83. With his death, India has lost not just a scientist of global stature, but a rare public intellectual who...

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Moneylife Digital Team 09 January 2026
Central bureau of investigation (CBI) has arrested an area sales manager of a telecom service provider for his alleged role in the illegal sale of SIM cards that were later used in large-scale cyber frauds, including phishing scams targeting Indian citizens. According to a report from Times of...

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Moneylife Digital Team 08 January 2026
US president Donald Trump has backed a hardline bipartisan sanctions bill that would allow Washington to impose tariffs of up to 500% on countries purchasing Russian oil, significantly raising pressure on major buyers such as India, China and Brazil.   The development was confirmed by...

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Moneylife Digital Team 08 January 2026
US president Donald Trump has backed a hardline bipartisan sanctions bill that would allow Washington to impose tariffs of up to 500% on countries purchasing Russian oil, significantly raising pressure on major buyers such as India, China and Brazil.   The development was confirmed by...

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Moneylife Digital Team 08 January 2026
The directorate of enforcement (ED) on Thursday said it was conducting search operations at 10 locations across West Bengal and Delhi in connection with its money laundering investigation into an alleged coal smuggling syndicate led by Anup Majee, but claimed that the proceedings are obstructed...

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Moneylife Digital Team 08 January 2026
The directorate of enforcement (ED) has provisionally attached movable and immovable assets worth around ₹91.82 crore in connection with the Mahadev Online Book illegal betting case.    In a statement, ED says its Raipur zonal office issued a provisional attachment order under the Prevention...

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Moneylife Digital Team 08 January 2026
In a sweeping move that sharply curtails Washington’s engagement with multilateral institutions, US president Donald Trump has ordered the country to withdraw from more than 60 international organisations, including several United Nations (UN) bodies and the India-France-led International Solar...

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Moneylife Digital Team 08 January 2026
Vedanta group chairman Anil Agarwal on Wednesday announced the death of his son, Agnivesh Agarwal, describing it as the 'darkest day' of his life and sharing a deeply personal tribute that spoke of a father’s unimaginable loss.   The 49-year-old Agnivesh Agarwal passed away in the US...

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Moneylife Digital Team 08 January 2026
The Delhi zonal office of directorate of enforcement (ED) has provisionally attached immovable assets with a current market value of about ₹400 crore in connection with an ongoing money laundering investigation into the Jaypee group, according to an official release.   The attached properties...

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