COMPANIES & SECTORS


An article on Justworks.com begins with a powerful statement, “Work-life balance isn’t just a buzzword — it’s a critical factor in attracting, retaining, and inspiring top talent around the world.   Apparently, this does hold sway at Larsen & Toubro (L&T). Its chairman, SN Subrahmanyan,...

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  Hitopadesha, is a Sanskrit text that contains fables, aphorisms and maxims to provide healthy advice and guidance to people in dealing with day-to-day predicaments and dilemmas.    There occurs an interesting couplet which lists out the enemies of a householder.    They are, a father,...

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Farouk Merwan Irani was a name to reckon with in the world of financial services for nearly four decades. He founded, in the company of Dr AC Muthiah, the first company in the domain of asset leasing in the country which was aptly christened ‘The First Leasing Company of India Ltd’...

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Moneylife Digital Team 17 January 2025
Economy India’s retail inflation softened to a four-month low of 5.22% in December 2024, down from 5.5% in November, aided by a dip in food inflation from 9.04% to 8.4%. Despite this cooling, the Reserve Bank of India (RBI) may face constraints in cutting interest rates during its February...

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Moneylife Digital Team 16 January 2025
The Ahmedabad zonal office of the directorate of enforcement (ED) has frozen 37 bank accounts with a balance of Rs33.67 crore and seized two high-end Mercedees-make luxury cars in the bank fraud case against Electrotherm India Ltd and others.   In a release, ED says, "Ahmedabad zonal office...

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Moneylife Digital Team 16 January 2025
US short-seller Hindenburg Research, whose reports resulted in wiping out billions of dollars of Indian billionaire Gautam Adani and his companies, has decided to close down the business. Nate Anderson, founder of Hindenburg Research, announced the decision in a personal note on its...

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SN Thyagarajan (Bar  and   Bench) 14 January 2025
Urban Company has filed a suit before the Delhi High Court against Kent RO Systems, alleging that the latter asked Amazon and Flipkart to get its products delisted from the e-commerce platforms (Urbanclap Technologies India Vs Kent RO Systems).   Justice Mini Pushkarna on Tuesday adjourned...

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Moneylife Digital Team 13 January 2025
Bombay Burmah Trading Corporation, along with its promoters Nusli Wadia and his sons Ness Wadia and Jehangir Wadia, as well as 14 others, have settled regulatory proceedings with the Securities and Exchange Board of India (SEBI) by paying a settlement amount of Rs2.13 crore.     The other...

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Moneylife Digital Team 10 January 2025
TCS Cheers the Market In the middle of dreary news of economic slowdown, the market seemed to cheer even the rather uninspired December quarter results of Tata Consultancy Services (TCS). In Q3FY23-24, sales were Rs6,3973 crore, increasing by just 5.59% year-on-year (y-o-y). Operating profit...

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Moneylife Digital Team 09 January 2025
The Supreme Court has asked market regulator Securities and Exchange Board of India (SEBI) and amicus curiae Shekhar Naphade to examine two separate proposals from Oberoi Realty and Valor Estate Ltd (erstwhile DB Realty Ltd) for developing Sahara group's land at Versova in Mumbai for returning...

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SN Thyagarajan (Bar  and   Bench) 08 January 2025
Before the National Company Law Tribunal (NCLT) on Monday, banks and financial institutions objected to the repayment plan submitted by the Resolution Professional for Zee Entertainment Enterprises Limited (ZEEL) founder Subhash Chandra (Indiabulls Housing Finance Limited v. Dr Subhash...

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Moneylife Digital Team 08 January 2025
United Breweries Ltd (UB), the maker of popular Kingfisher and Heineken beer, has decided to suspend the supply of beer in Telangana due to non-revision of prices since FY19-20.   In a regulatory filing, UB, a unit of Heineken NV, the world's second-largest beer maker, says, "...the company...

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Moneylife Digital Team 07 January 2025
While 2024 witnessed a growth of over 9% for automobiles, sales in December tumbled by over 45% due to low cash-flow and poor market sentiment, with many customers postponing purchases and preferring 2025 models, according to data from the Federation of Automobile Dealers' Association...

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Moneylife Digital Team 06 January 2025
Four companies from the Kirloskars have filed an appeal before the securities appellate tribunal (SAT) challenging a letter issued by the market regulator Securities and Exchange Board of India (SEBI). In a letter, the market regulator has asked these companies to disclose the family settlement...

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KBS Sidhu 03 January 2025
Adani Bribery Criminal and Civil Trials To Be Synchronised In a landmark decision, a New York federal court has ruled that the criminal and civil trials involving Indian billionaire Gautam Adani, though distinct legal proceedings, will be presided over by the same judge, US District Judge...

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Moneylife Digital Team 03 January 2025
Reliance Industries Ltd (RIL) recently completed a significant acquisition by purchasing a 74% equity stake in Navi Mumbai IIA Pvt Ltd (NMIIA), a company managing one of Maharashtra’s largest industrial land parcels. This acquisition, valued at Rs1,628.03 crore, marks a pivotal shift in the...

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Moneylife Digital Team 03 January 2025
 Telcos Face Subscriber Loss amid Tariff Hikes and Satellite Broadband Threat India's private telecom operators grappled with dual challenges in 2024: recovering heavy investments in 5G networks, while fending off competition from satellite broadband-providers. The sector invested around...

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Moneylife Digital Team 03 January 2025
In a significant development, the Securities and Exchange Board of India (SEBI) has rejected settlement applications from Zee Entertainment Enterprises Ltd (ZEEL) and its leadership regarding alleged violations of listing regulations. While continuing its investigation into the alleged...

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SN Thyagarajan (Bar  and   Bench) 02 January 2025
The Competition Commission of India (CCI) recently closed a plea alleging that Coal India Limited (CIL) abused its dominant position by allegedly introducing one-sided terms in its 2022 e-auction scheme (Bijay Poddar Vs Coal India Limited).   The CCI did not find any prima facie merit in the...

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Moneylife Digital Team 02 January 2025
Megastar Foods Ltd paid Rs20.15 lakh to market regulator Securities and Exchange Board of India (SEBI) to settle charges of regulatory violations, including related-party transactions (RPT).    Amit Kapoor, adjudicating officer (AO) of SEBI, passed the settlement order stating that the market...

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