ECONOMY & NATION


Moneylife Digital Team 10 November 2022
The Bombay high court (HC) on Thursday held that the retrospective termination of Chanda Kochhar from ICICI Bank is prima facie a valid termination. The former managing director and chief executive (MD&CEO) of ICICI Bank is also restrained by the HC from dealing with any of the 6.90 lakh...

Read More



IANS 10 November 2022
P Sarath Chandra Reddy, director of Aurobindo Pharma, and Vinay Babu arrested by the enforcement directorate (ED) are the latest addition to the list of Telugu businessmen figured in Delhi excise policy scam.   The ED on Thursday arrested Sarath Chandra Reddy, whole-time director of...

Read More



Indira Jaising (The Leaflet) 10 November 2022
As we speak of a new Chief Justice of India (‘CJI’) being sworn-in, much has been written and said about the former CJI Uday Umesh Lalit. It is difficult, if not impossible, to add anything new to the wealth of literature available on the subject. Yet, it must be said: Justice Lalit came with...

Read More



IANS 10 November 2022
Adani Ports and Special Economic Zone Ltd (APSEZ), the largest transport utility in India, has entered into a definitive agreement for the acquisition of Oiltanking India GmbH's 49.38% per cent equity stake in Indian Oiltanking Ltd (IOTL), which is one of Indias largest developer and operator...

Read More



IANS 10 November 2022
World's largest crypto exchange Binance on Thursday took a U-turn on acquiring its rival FTX, saying it was backing out of the deal after reviewing the company's finances, leading to further fall in major cryptocurrencies.   Binance on Tuesday signed a non-binding, letter of intent to...

Read More



IANS 09 November 2022
Fugitive diamond merchant Nirav Modi, who allegedly cheated Punjab National Bank (PNB) of over Rs11,000 crore, is likely to be extradited soon to India from the UK as he lost his appeal in the UK High Court on Wednesday, reports said.   Lord justice Jeremy Stuart-Smith and justice...

Read More



Arun Kumar (The Leaflet) 09 November 2022
Six years back on 8th November, the country suffered a policy-induced shock. The economy, which was coasting along at a good clip, suddenly stalled.   The most severe impact was on the most vulnerable sections, who can barely take care of themselves. They largely belong to the...

Read More



Moneylife Digital Team 09 November 2022
Despite increased interest rates and basic property costs, the top seven cities saw homes worth Rs1,55,833 crore sold in the first half of FY22-23 (H1FY22-23), rising yearly by 119% from about Rs71,295 crore the same period a year ago.   According to a report from Anarock Property...

Read More



IANS 09 November 2022
The Enforcement Directorate (ED) on Wednesday said that they conducted search operations at the premises of Sallarpuria Sattva Group and freezed assets in the form of bank balances of Rs 49.99 crore lying in 316 bank accounts.   The ED has also seized Rs 29 lakh in cash and foreign...

Read More



IANS 09 November 2022
The air quality in the national capital continued to remain in the 'very poor' category on Wednesday morning according to the System of Air Quality and Weather Forecasting And Research (SAFAR).   As per the SAFAR system, the overall Air quality Index of the capital city was reported...

Read More



IANS 07 November 2022
Even as the commercial banks are increasing their interest rates on select deposits, the risk premia over their core funding cost are not factored in the credit risk, said a top economist of State Bank of India (SBI).   In a research report Dr Soumya Kanti Ghosh, group chief economic...

Read More



Moneylife Digital Team/ IANS 07 November 2022
The Supreme Court on Monday upheld the validity of the 103rd Constitution amendment providing 10% reservation to economically weaker sections (EWS) in admissions and government jobs. Three out of five judges, who heard the petitions challenging the EWS reservation, upheld the EWS quota.

Read More



Moneylife Digital Team 07 November 2022
After brutally laying off almost half of its workforce last week, Elon Musk-run Twitter is now reportedly asking some employees to come back and help the remaining folks put the tumbled house in order.   According to Platformer editor Casey Newton, the micro-blogging platform is now...

Read More



Uttara Vaid 05 November 2022
Diwali festivity across the country came to an abrupt halt with the news that over 132 people had died when a suspension bridge in Morbi across the Machchhu river snapped. Shock gave way to disbelief and intense indignation as various facts unfolded, especially about the Oreva group’s 15-year...

Read More



Ranganathan V Ranganathan V 05 November 2022
The famous expression of Mrs Joe Gargery in Great Expectations by Charles Dickens, resonates well with the subject on hand! “Ask no questions, and you’ll be told no lies.” “   While introducing the much-debated electoral bonds scheme, the then finance minister (FM) Arun Jaitley...

Read More



Moneylife Digital Team 05 November 2022
The Reserve Bank of India (RBI) announced on Monday that from 1 November 2022 it will begin pilot launch of the digital rupee for specific use cases. According to the notification, the first digital rupee pilot began in the wholesale segment on Tuesday. The pilot has been rolled out through...

Read More



IANS 05 November 2022
A thick layer of smog continued to cover Delhi on Saturday as the air quality remained under the "severe" category for three consecutive days.   In a slight improvement, Delhi's Air Quality Index (AQI) was recorded at 431 on Saturday morning, according to data from the System of Air...

Read More



IANS 05 November 2022
Elon Musk-run Twitter has been sued in the US for mass lay offs without giving employees advanced written notice, the media reported on Friday.   The lawsuit has been filed in the US District Court in the Northern District of California, in violation of worker protection laws...

Read More



IANS 05 November 2022
The Board of Directors of Reliance Industries Ltd (RIL), at its meeting held on Friday, based on the recommendation of the Human Resources, Nomination and Remuneration Committee, considered and recommended to the shareholders for approval, the appointment of K.V. Kamath as an Independent...

Read More



IANS 04 November 2022
Ed-tech major BYJU's, in the process of laying off thousands of employees as part of restructuring its business, on Friday hired football star and sports icon Lionel Messi as the global brand ambassador for its social impact arm, and the move has not gone well with the industry as well as...

Read More

Free Helpline
Legal Credit
Feedback