COMPANIES & SECTORS


The appointment of independent directors (IDs) has its quota of practices that push the envelope.   Cases that stretch, if not breach, the spirit of corporate governance have been discussed in this column. The issues are recapitulated in brief.   A direct subversion of the concept of...

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On 10th March, India loosened the rules governing foreign direct investment (FDI) from countries with which it shares land borders. The regime—known as Press Note 3—was introduced in April 2020, ostensibly to prevent opportunistic takeovers during the pandemic but in practice aimed squarely at...

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What began as a ₹350-crore fraud complaint, in the aftermath of the collapse of Infrastructure Leasing & Financial Services (IL&FS), has now morphed into a stunning story of how the allegation of fraud itself was a fabrication against a colluding party.   In January-February 2019, the Dalmia...

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Moneylife Digital Team 08 May 2026
Third-party (TP) motor insurance premiums outpaced own-damage (OD) cover in India's FY25-26, growing 9.3% against OD's 9%, as enforcement against uninsured vehicles intensified. Total motor insurance expanded about 9% on a base of ₹1.08 lakh crore. The reversal is notable: in FY23-24, OD had...

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Moneylife Digital Team 08 May 2026
Key board meetings of two major Tata Trusts, which together control a majority stake in Tata Sons Pvt Ltd, have been postponed to 16th May amid mounting governance questions, legal challenges, and an intensifying internal debate over whether the holding company of the Tata group should remain...

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Moneylife Digital Team 07 May 2026
Mphasis has filed a lawsuit in a US district court in Colorado against rival information technology (IT) company Coforge and former vice-president Brijesh Khergamker, alleging breaches of employment contracts and the misuse of confidential client information.    The Complaint Filed on 31...

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Moneylife Digital Team 07 May 2026
The Bombay High Court on Thursday declined to urgently hear a petition seeking to stop meetings of the Sir Dorabji Tata Trust and Sir Ratan Tata Trust scheduled for 8th May, amid an escalating dispute over the governance structure of the Tata Trusts network.   The plea sought an interim...

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Moneylife Digital Team 07 May 2026
The Bombay High Court (HC) has restrained Kamal K Singh, founder and chairman of Rolta India Ltd, from selling, transferring or creating any third-party rights over assets owned or controlled by him in an enforcement suit linked to a US contempt judgment of about US$188mn (million) or around...

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Prashant Jha (Bar  and   Bench) 07 May 2026
The Delhi High Court on Thursday issued notice to NDTV and its CEO and editor-in-chief Rahul Kanwal after businessman Anil Ambani sued the media house for defamation over its reporting of the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) case against his...

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Moneylife Digital Team 06 May 2026
In a sharp rebuke that raises serious questions over judicial consistency, the national company law appellate tribunal (NCLAT) has flagged contradictory rulings delivered by the same national company law tribunal (NCLT) bench on identical facts in two insolvency petitions filed by Canara...

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Moneylife Digital Team 06 May 2026
The Union Cabinet, chaired by prime minister (PM) Narendra Modi, has approved the rollout of the emergency credit line guarantee scheme (ECLGS) 5.0 to provide additional liquidity support to businesses impacted by the ongoing West Asia crisis. The scheme aims to facilitate a total additional...

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Moneylife Digital Team 05 May 2026
Loss-making Air India will scale down its international operations till July, as surging jet fuel prices and airspace restrictions linked to the West Asia conflict have rendered several routes financially unviable, chief executive officer and managing director (CEO&MD) Campbell Wilson said last...

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Moneylife Digital Team 04 May 2026
The national company law appellate tribunal (NCLAT) on Monday dismissed an appeal filed by Vedanta Ltd challenging the approval of Adani Enterprises Ltd’s resolution plan for debt-laden Jaiprakash Associates Ltd (JAL), effectively clearing the way for implementation of the plan under the...

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SN Thyagarajan (Bar  and   Bench) 04 May 2026
The Supreme Court on Monday upheld the National Company Law Appellate Tribunal (NCLAT) ruling that restored the original Committee of Creditors (CoC), including Glass Trust Company LLC as a financial creditor, in the insolvency resolution process concerning Think & Learn Pvt Ltd. (Byju...

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The arrests of Amitabh Jhunjhunwala and Amit Bapna, two of Anil Ambani’s closest aides, mark the sharpest escalation yet in the multi-agency investigation into an alleged ₹40,000-crore banking fraud and money-laundering case. But do they also signal that the long-drawn probe into the...

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Moneylife Digital Team 30 April 2026
India has ramped up crude imports to offset disruptions caused by the United States (US)-Israel strikes on Iran which have choked traffic through the Strait of Hormuz. Russian crude remains the primary backstop, with Indian refiners importing nearly 1.98mnbpd (million barrels per day) in...

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Ritwik Choudhury (Bar  and   Bench) 29 April 2026
The Supreme Court on Wednesday took suo motu cognisance of the mounting delays by the National Company Law Tribunals (NCLT) i approval of corporate resolution plans of companies under insolvency.    A Bench comprising of Justice JB Pardiwala and Justice KV Viswanathan warned that the...

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Moneylife Digital Team 29 April 2026
The Union government has proposed a significant expansion of India’s fuel framework by introducing higher ethanol and biodiesel blends, including up to 100% ethanol (E100) and 100% biodiesel (B100), as part of amendments to the Central Motor Vehicles Rules, 1989.   The draft notification...

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Moneylife Digital Team 28 April 2026
The United Arab Emirates (UAE) has announced that it will exit the Organisation of the Petroleum Exporting Countries (OPEC) and its broader OPEC+ alliance from 1st May, marking a significant shift in global energy dynamics. While stepping away from OPEC’s coordinated production framework, UAE...

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Moneylife Digital Team 28 April 2026
Indian Oil Corporation Ltd (Indian Oil) has announced a fresh oil and gas discovery in Libya, marking a significant milestone in its overseas exploration portfolio and strengthening India’s global energy ambitions.   The discovery has been made in the onshore Block Area 95/96 located in the...

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