COMPANIES & SECTORS


Moneylife Digital Team 13 May 2025
The Union government’s sudden dismissal of RP Gupta, chairman and managing director (CMD) of Solar Energy Corporation of India (SECI), has sent shockwaves through the country’s renewable energy sector, with media reports linking the move to serious procedural lapses involving Anil Ambani-owned...

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Moneylife Digital Team 13 May 2025
Anmol Singh Jaggi and Puneet Singh Jaggi, promoters of Gensol Engineering Ltd, have stepped down from their positions in the company following the Securities and Exchange Board of India's (SEBI) damning interim order accusing them of large-scale financial misconduct. The development triggered a...

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Moneylife Digital Team 13 May 2025
The executive order announced by US president Donald Trump to slash prescription drug prices is unlikely to have a material near-term impact on Indian pharmaceuticals companies, though it may influence their longer-term revenue strategies and capital allocation, says India Ratings and Research...

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Ritwik Choudhury (Bar  and   Bench) 12 May 2025
The Supreme Court last week stayed an interim order passed by the Madhya Pradesh High Court that had enabled the release and sale of equity shares in Som Distilleries Breweries & Wineries Ltd. (SDBWL) worth around 350 crore, which are alleged to be benami assets (Union of India & Ors. vs. Bana...

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Robert Faturechi (ProPublica) 12 May 2025
After President Donald Trump announced sweeping new tariffs earlier this month, the White House released a list of more than a thousand products that would be exempted.   One item that made the list is polyethylene terephthalate, more commonly known as PET resin, the thermoplastic used to...

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It is difficult to find another instance where a leading corporate that commands a market value of approximately Rs2.5tn (trillion), was censured in calumnious terms by the highest court of the land!   In setting at nought the orders of the lower courts that allowed JSW Steel Ltd to take over...

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Moneylife Digital Team 09 May 2025
India and the UK have finalised a landmark free trade agreement (FTA), set to eliminate tariffs on 99% of Indian exports. The pact benefits labour-intensive industries, including textiles, leather and auto-components, while UK businesses gain lower duties on whiskey and automobiles. Projected...

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Moneylife Digital Team 08 May 2025
Market regulator Securities and Exchange Board of India (SEBI) has barred Paytm founder and chief executive officer (CEO) Vijay Shekhar Sharma from accepting stock options from any listed company for next three years, following a high-profile settlement in a case involving alleged regulatory...

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Moneylife Digital Team 08 May 2025
The Supreme Court of India has directed the directorate of enforcement (ED) and the Reserve Bank of India (RBI) to submit status reports within a week concerning ongoing investigations into alleged financial irregularities by Indiabulls Housing Finance Ltd, now known as Sammaan Capital Ltd....

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Moneylife Digital Team 08 May 2025
Bengaluru-based e-commerce aggregator 10Club, once celebrated for securing one of India's largest seed funding rounds, has initiated insolvency proceedings with the national company law tribunal (NCLT) in Bengaluru.   According to a report by Entrackr, the company's shareholders passed a...

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SN Thyagarajan (Bar  and   Bench) 08 May 2025
UPDATED at 3.55pm on 8 May 2025 to include response from RIL Reliance Industries Ltd (RIL) was the first to file a trademark application for “Operation Sindoor” — just hours after the Indian military operation of the same name was announced. Within the next 24 hours, three more applicants...

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Matthew Kish (The Oregonian/OregonLive) 08 May 2025
This article was produced by ProPublica in partnership with The Oregonian/OregonLive.   In May 2015, President Barack Obama gave a big speech about dropping trade barriers with other nations. He delivered it on a sunny day at Nike’s world headquarters in Oregon.   “Sometimes when we talk...

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Moneylife Digital Team 07 May 2025
While disposing an appeal filed by Ahmedabad-based Gensol Engineering Ltd seeking a stay on an interim order passed by the Securities and Exchange Board of India (SEBI), the securities appellate tribunal (SAT) directed the market regulator to pass a final order within four weeks in this matter....

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Moneylife Digital Team 05 May 2025
Markets regulator Securities and Exchange Board of India (SEBI) has alleged Pranav Adani, director of several Adani group companies and the nephew of the billionaire founder, Gautam Adani, shared price -sensitive information and breached regulations aimed at preventing insider trading, says a...

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Moneylife Digital Team 05 May 2025
India’s auto retail sector registered a year-on-year (y-o-y) decline of 4.3% in April 2025, with most segments witnessing negative growth, according to data released by the Federation of Automobile Dealers Associations (FADA). The apex body of automobile retail industry says Kantar’s Rural...

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Bar  and   Bench 05 May 2025
The Calcutta High Court recently struck down a West Bengal law allowing electricity companies to penalise consumers for using more power than the permitted limit (Metsil Exports Private Limited and Another v West Bengal Electricity Regulatory Commission and Others).    Justice Sabyasachi...

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Moneylife Digital Team 05 May 2025
Market regulator Securities and Exchange Board of India (SEBI) has imposed a total penalty of Rs58.50 crore on four senior executives of Seya Industries Ltd (notice 1), for siphoning off company funds and manipulating financial statements. This penalty follows an extensive investigation into...

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Moneylife Digital Team 02 May 2025
JSW Steel Ltd's shares fell as much as 7% on BSE to Rs961.60 following rejection by the Supreme Court of the company's resolution plan for Bhushan Power & Steel Ltd. While rejecting JSW Steel's Rs19,700 crore resolution plan, the apex court ordered liquidation of Bhushan Power & Steel.   In...

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The Supreme Court, in February 2024, struck down the scheme of electoral bonds introduced in January 2018, that helped to channel donations for funding the political parties, without any trail for the public to check.   In the course of striking down this arrangement, the Court mandated...

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If a bank that is tightly regulated and watched over like a hawk by the Reserve Bank of India (RBI) can confess to an ‘accounting discrepancy’, should a company whose business is ‘forging’ feel shy to admit to a similar misfeasance?   The audit committee of Ramkrishna Forgings Ltd (RFL), a...

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