ECONOMY & NATION


IANS 16 October 2023
Tata Consultancy Services (TCS) on Sunday revealed that it had sacked 16 employees and blacklisted six staffing firms, after its investigation into the bribes-for-jobs scandal.   In an Exchange filing, the company said that its "investigation found 19 employees to be involved, and...

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IANS 16 October 2023
The Supreme Court on Monday issued a notice on central bureau of investigation's (CBI's) petition challenging the interim bail granted by the Bombay High Court to former ICICI Bank chief Chanda Kochhar in the Videocon loan fraud case.   The bench comprising justices Aniruddha Bose and...

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IANS 16 October 2023
The Supreme Court on Monday decided to refer the challenge to the controversial Electoral Bonds Scheme to a five-judge constitution bench which will hear the case on October 31.   Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from...

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IANS 16 October 2023
India's wholesale price index (WPI) based inflation remained in negative zone as it eased to (-) 0.26 per cent in September against (-) 0.52 per cent recorded the previous month, according to data released by the Union Finance Ministry on Monday.   The deflation was primarily due to...

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Moneylife Digital Team 13 October 2023
State-run Bank of Baroda (BoB) made it simple and easy for its business correspondents (BCs) to steal money from the accounts of its customers. And some of them did steal Rs22 lakh from 362 customers, internal audit reports and records of the Bank have revealed, according to a report from Al...

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I do wish that I could change the last three words of this title to 'Yes, it’s here'. Alas, that is not to be.   For years now, we have been shown visions of a clean, pollution-free environment based on cost-efficient ‘alternative energy’ for private and commercial vehicles. Here are...

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Moneylife Digital Team 13 October 2023
The enforcement directorate (ED) has arrested Nirmal Kotecha, Pavan Kuchana and Kishore Tapadia in connection with its probe into the case of the initial public offer (IPO) scam of Taksheel Solutions Ltd. Under investigation from multiple agencies, Mr Kotecha, a notorious broker, was the...

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IANS 13 October 2023
In a significant bid aimed at transparency, the Maharashtra government will implement a digital display board of road toll collections at major toll-posts and install CCTVs to eye delays and disruptions owing to the toll tax collection process, here on Friday.   The decision, among...

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Moneylife Digital Team 13 October 2023
The Adani Group, the politically connected conglomerate that dominates large parts of India's economy, appears to have imported billions of dollars of coal at prices well above market value, according to customs records reviewed by the Financial Times (FT).   In a report, FT says the...

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IANS 13 October 2023
The Enforcement Directorate (ED) on Thursday said that it has attached immovable properties worth Rs 152 crore belonging to Maharashtra's four-time MLA Vivekanad Shankar Patil, his relatives, and Karnala Mahila Readymade Garments Cooperative Society Limited, an entity under his control, in...

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IANS 13 October 2023
India's retail inflation eased to a 3-month low of 5.02 per cent in September bringing much-needed relief to consumers, according to official figures released on Thursday.   Food inflation, which accounts for close to half of the overall consumer price index (CPI), slowed to 6.56 per...

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IANS 12 October 2023
The Delhi High Court on Thursday stayed the cheating case proceedings against Hero MotoCorp's  managing director and chief executive officer (MD & CEO) Pawan Munjal, according to sources.   The High Court is also expected to hear the plea against Hero MotoCorp's forgery case on 6th...

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IANS 12 October 2023
The Supreme Court has imposed a cost of Rs65 lakh on the Punjab State Power Corporation Ltd for raking up an issue relating to payment of monthly tariff due to private firms.   A bench of justices SK Kaul, Sudhanshu Dhulia. and Aravind Kumar directed the public sector undertaking to...

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Andy Kroll, Andrea Bernstein  and   Ilya Marritz (ProPublica) 12 October 2023
The party guests who arrived on the evening of 23 June 2022, at the Tudor-style mansion on the coast of Maine were a special group in a special place enjoying a special time. The attendees included some two dozen federal and state judges — a gathering that required U.S. marshals with...

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IANS 12 October 2023
The US Internal Revenue Service (IRS) has informed tech giant Microsoft that it owes back taxes of US$28.9bn (billion) along with 'penalties and interest' for the tax years 2004 through 2013.   The IRS sent Microsoft a series of notices of proposed adjustment (NOPAs), sharing for the...

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IANS 12 October 2023
Elon Musk-run X Corp (formerly Twitter) banned a record 5,57,764 accounts in India between August 26 and September 25, mostly for promoting child sexual exploitation and non-consensual nudity.   The micro-blogging platform, going through a churning under Musk who has recently...

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IANS 12 October 2023
At least six coaches of the Kamakhya (Assam)-bound Northeast Express, derailed in Bihar's Buxar district on Wednesday and no casualty or injury has been reported so far, officials said.   The Railway Ministry said that the Anand Vihar-Kamakhya Northeast Express derailed in the yard of...

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IANS 11 October 2023
The enforcement directorate (ED) on Tuesday contended that since its inception of Grand Prospect International Communication Pvt Ltd (GPICPL) by Chinese nationals on falsified documents, it received Rs1,487 crore in its bank accounts and out of this, Rs1,200 crore were transferred to Chinese...

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IANS 11 October 2023
In a big action against the Chinese mobile phone-maker Vivo, the enforcement directorate (ED), India's financial probe agency arrested four persons, including a Chinese national and Hari Om Rai, the MD (managing director) of Lava International.   The ED, however, mentioned that the...

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IANS 11 October 2023
DMK leader and member of Parliament (MP), Dayanidhi Maran has lodged a complaint with the police that Rs99,999 was stolen from his bank account by cyber criminals.   The former Union minister for information technology lodged a complaint with the greater Chennai city...

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