ECONOMY & NATION


Moneylife Digital Team 07 January 2026
Reserve Bank of India (RBI) has cancelled registration certificates (CoR) of 35 non-banking financial companies (NBFCs) and accepted the surrender of registration by 16 others, while restoring the licence of one NBFC following orders passed by appellate authorities and courts.   In a set of...

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Moneylife Digital Team 07 January 2026
The Supreme Court directed that the complete 48-minute audio recording allegedly linking N Biren Singh, former chief minister (CM) of Manipur, to the 2023 ethnic violence, along with his admitted voice samples, be sent to the National Forensic Science University (NFSU) in Gandhinagar, for a...

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Prashant Jha (Bar  and   Bench) 07 January 2026
The Delhi High Court on Wednesday pulled up the Central government and the Indian Railways for their lackadaisical approach in a plea seeking safety measures to prevent stampedes at railway stations.    A Division Bench of Chief Justice Devendra Kumar Upadhyaya and Justice Tejas Karia noted...

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Moneylife Digital Team 07 January 2026
The directorate of enforcement (ED) has provisionally attached movable and immovable assets worth ₹51.57 crore in connection with an alleged affordable housing fraud involving Ocean Seven Buildtech Pvt Ltd (OSBPL).   The attached immovable assets, valued at ₹49.79 crore, include a villa, a...

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Moneylife Digital Team 06 January 2026
The directorate of enforcement (ED) has stepped up its probe into illegal online betting operations, conducting search operations at nine locations across Delhi, Mumbai, Surat, Lucknow and Varanasi and seizing high-end luxury vehicles linked to social media influencer and YouTuber Anurag...

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Moneylife Digital Team 06 January 2026
The competition commission of India (CCI) has found that market leaders Tata Steel, JSW Steel and State-run Steel Authority of India Ltd (SAIL), along with 25 other companies, breached antitrust law by colluding on steel selling prices, putting the firms and several senior executives at risk of...

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Moneylife Digital Team 06 January 2026
India’s banking system continued to show resilience in the current financial year, with overall credit growth remaining steady even as lending patterns underwent a marked shift towards safer, secured segments, according to a latest report by CRISIL Intelligence.   Gross banking credit...

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Debayan Roy (Bar  and   Bench) 06 January 2026
The Supreme Court on Tuesday granted the Haryana government three months to decide whether it wanted to grant sanction to prosecute Ashoka University faculty member Ali Khan Mahmudabad over certain social media comments he made last year on India's cross-border military action, Operation...

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Moneylife Digital Team 06 January 2026
Reserve Bank of India (RBI) has imposed a total penalty of ₹50,000 on two Mumbai-based non-banking financial companies (NBFCs), for non-compliance with the directions issued by the banking regulator. The highest penalty of ₹40,000 has been imposed on Sankhya Financial Services Pvt Ltd. Shaha...

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Debayan Roy (Bar  and   Bench) 06 January 2026
The Supreme Court on Tuesday observed that people with sound finances tend to challenge the validity of laws under which they have been booked.   The Bench of Chief Justice of India (CJI) Surya Kant and Justice Joymalya Bagchi made the remark while dealing with a plea moved by Delhi-based...

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Moneylife Digital Team 06 January 2026
The Supreme Court (SC) on Tuesday granted bail to Amtek group's promoter and former chairperson Arvind Dham, in a money laundering case arising out of an alleged multi-crore bank fraud, setting aside an earlier order of the Delhi High Court (HC) that had refused him relief.   A bench of...

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Moneylife Digital Team 06 January 2026
The Supreme Court (SC) on Tuesday granted bail to Amtek group's promoter and former chairperson Arvind Dham, in a money laundering case arising out of an alleged multi-crore bank fraud, setting aside an earlier order of the Delhi High Court (HC) that had refused him relief.   A bench of...

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Moneylife Digital Team 06 January 2026
India’s services sector continued to expand in December but at a slower pace, with growth in new business and overall activity easing to their weakest levels in nearly a year, according to the latest purchasing managers’ index (PMI) survey released on Tuesday.   The seasonally adjusted HSBC...

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Moneylife Digital Team 06 January 2026
The Lucknow zonal office of the directorate of enforcement (ED) has provisionally attached immovable properties worth ₹99.26 crore under the Prevention of Money Laundering Act (PMLA), 2002, in connection with its ongoing investigation into the Amrapali group.   The attached assets include the...

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Moneylife Digital Team 05 January 2026
US president Donald Trump has publicly linked India’s recent reduction in Russian oil purchases to trade pressure from Washington, warning that the US can raise tariffs on Indian goods 'very quickly' if New Delhi fails to address American concerns.   Speaking to reporters aboard Air Force One...

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Moneylife Digital Team 05 January 2026
US president Donald Trump has publicly linked India’s recent reduction in Russian oil purchases to trade pressure from Washington, warning that the US can raise tariffs on Indian goods 'very quickly' if New Delhi fails to address American concerns.   Speaking to reporters aboard Air Force One...

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Moneylife Digital Team 05 January 2026
Cautioning the Punjab government against proceeding with the proposed sale of land assets belonging to the Punjab State Power Corporation Ltd (PSPCL), former Union power secretary EAS Sarma has described the move as prima facie illegal, imprudent and against public interest.    Mr Sarma, in a...

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Moneylife Digital Team 05 January 2026
Reserve Bank of India (RBI) has imposed a penalty of ₹2 lakh on Mau, Uttar Pradesh-based Jila Sahakari Bank Ltd for non-compliance with directions issued by RBI on know-your-customer (KYC).   RBI’s statutory inspection revealed that Jila Sahakari Bank had failed to establish a system for the...

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Moneylife Digital Team 05 January 2026
The government has categorically rejected claims circulating on social media that Reserve Bank of India (RBI) plans to stop issuing or withdrawing ₹500 currency notes from March 2026, calling the reports false and misleading.   The clarification came after a wave of posts on platforms such as...

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Moneylife Digital Team 05 January 2026
The Gujarat government has placed senior officer Rajendrakumar M Patel, a 2015-batch officer of the Indian Administrative Service (IAS) Gujarat cadre, under suspension following his arrest by the directorate of enforcement (ED) in a money laundering case linked to alleged large-scale corruption...

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