ECONOMY & NATION


The Central Bureau of Investigation (CBI) on Thursday said that four separate cases have been registered in connection with a bank fraud of around Rs 940 crore. After lodging the case, the agency conducted raids at the premises of the alleged accused.   A CBI official said that one of...

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Reliance Industries Limited (RIL) announced that on 5 January 2022, it has priced a Rule 144A/ Regulation multi-tranche offering aggregating $4 billion, comprising $1.5 bn senior unsecured notes due 2032; $1.75bn senior unsecured notes due 2052 and $750 million senior unsecured notes due...

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Sucheta Dalal Sucheta Dalal 06 January 2022
Does the last day of 2021 portend what is in store for 2022? If yes, we are in for tougher times. On 31st December, I had tweeted how chartered accountants (CA), as a community, had erupted in anger over the dysfunctional income-tax (I-T) portal on the last day for filing returns. The...

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Moneylife Digital Team 06 January 2022
A law court in Montreal district of Canada has allowed three Mauritius-based investors of Devas Multimedia Pvt Ltd, a joint venture between the Indian government-owned Antrix Corporation and Devas Multimedia Ltd, to seize funds deposited by Airport Authority of India (AAI) and Air India with...

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In a new development in the ongoing legal tussle between Amazon and Future Group, the Delhi High Court on Wednesday stayed further arbitration proceedings between the parties before the Singapore tribunal till February 1.   A bench, headed by Chief Justice D.N. Patel and comprising...

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Moneylife Digital Team 05 January 2022
The Reserve Bank of India (RBI) has issued a framework allowing offline payments up to Rs200 per transaction. An offline digital payment, here, means a transaction that does not require internet or telecom connectivity.   The new framework is applicable with immediate...

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Moneylife Digital Team 05 January 2022
The Central government on Wednesday released revised guidelines for home isolation of mild/asymptomatic COVID-19 cases. As per the revised guidelines, issued by the ministry of health & family welfare, a patient under home isolation will stand discharged after seven days from testing...

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The Competition Commission of India (CCI) on Wednesday told the Karnataka High Court that it may complete the ongoing anti-trust investigation into Google Play Store policies within 60 days.   The submission in the court was made on behalf of Additional Solicitor General N....

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COVID-led restrictions in several states and people starting working from home are expected to have a negative effect on retail automobile sales, the Federation of Automobile Dealers Association (FADA) said on Wednesday.   "Various state governments have once again announced Covid...

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Yogesh Sapkale Yogesh Sapkale 05 January 2022
Well-known social reformer and Mai (mother) to over 1,500 orphans, Sindhutai Sapkal passed away due to cardiac arrest on Tuesday night at a Pune hospital. She was 73. Sindhutai, fondly called Mai, has left behind a massive legacy of noble service to society, including orphans and marginalised...

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R Balakrishnan R Balakrishnan 05 January 2022
Every country has hundreds of laws that govern behaviour. The fact that thousands of cases are pending in various courts, while thousands more are filed every day, tells us that we, as people, find it difficult to behave in a fair manner with fellow human beings and self-interest dominates...

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The IL&FS Group has completed sale of its 26% stake in ONGC Tripura Power Company (OTPC) to Gas Authority of India Limited (GAIL) at an aggregate valuation of Rs1,227 crore.   According to the Group, with this transaction, IL&FS has resolved a debt of approximately Rs3,656 crore,...

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Moneylife Digital Team 04 January 2022
Online fraudsters have come up with an innovative way to cheat people (especially senior citizens) - this time in the guise of COVID vaccine booster dose. Due to the recent surge in cases of COVID-19's Omicron variant, the situation has paved the way for this type of online fraud. Mumbai...

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A woman, who is allegedly the mastermind behind the notorious "Bulli Bai" app, was held by a Mumbai Police team from Uttarakhand.   The action comes a day after a Mumbai Police held a 21-year-old engineering student from Bengaluru, in connection with the controversy, which cropped on...

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The State Bank of India has increased the limit on IMPS (Immediate Payment Service) transactions from Rs 2 lakh to Rs 5 lakh.   IMPS, offered by National Payments Corporation of India, empowers customers to transfer money instantly through banks and RBI authorised Prepaid Payment...

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India's pharma sector is expected to grow at 9%-11% in FY21-22, rating agency ICRA said on Tuesday.   It attributed the growth to the improving demand for non-COVID products in addition to new product introductions, rupee depreciation and expanding market coverage.   "Going...

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Moneylife Digital Team 04 January 2022
The Delhi High Court (HC) on Tuesday dismissed a petition filed by Future Retail seeking a direction to declare as illegal the ongoing arbitration proceedings with Amazon in Singapore.   Justice Amit Bansal at the Delhi HC says that the filings were dismissed without giving any...

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Moneylife Digital Team 04 January 2022
We are in an era of e-governance where most day-to-day transactions are just a click away; but, sadly, people with disabilities are fighting for inclusion within the digital space, since most apps and online platforms are not designed for the visually challenged.    But it is even...

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Kanwaljeet Singh Toor, one of the accused in the Rs 60,000 crore Pearl group scam case, who was currently lodged at the Rohini prison in the national capital has passed away, officials said on Tuesday.   Confirming about the development, Director General (Prisons) Sandeeep Goyal told...

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Nearly 2,000 passengers on Mumbai-Goa luxury cruise ship 'Cordelia' continue to be confined on board off Goa's Mormugao Port after a crew member tested positive for Covid, state Health Minister Vishwajit Rane said on Monday.   "All passengers should be tested and only after that will...

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