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Debayan Roy (Bar  and   Bench) 10 September 2024
The Supreme Court on Tuesday stayed the trial court proceedings in the defamation case filed against Congress leader Shashi Tharoor over a statement comparing Prime Minister (PM) Narendra Modi to a scorpion (Shashi Tharoor v State of NCT of Delhi and anr).   A Bench of Justices Hrishikesh Roy...

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Moneylife Digital Team 10 September 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs10.50 lakh on four cooperative banks for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs4.50 lakh has been imposed on Samarth Sahakari Bank Ltd from Maharashtra.   Other banks penalised by RBI...

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Moneylife Digital Team 10 September 2024
After reaching a broad consensus on reducing taxes on health and life insurance premiums, the goods and services tax (GST) council will take a final decision on this during its meeting in November.    Briefing reporters after the 54th meeting of the GST council, Union finance minister (FM)...

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Moneylife Digital Team 10 September 2024
Kross Ltd (Kross) is focused on manufacturing and supply of trailer axle and suspension assembly, along with forged and precision-machined, high-performance safety-critical parts for medium and heavy commercial vehicles (M&HCV) and farm equipment. Kross specialises in manufacturing...

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Moneylife Digital Team 09 September 2024
On Monday, 1650 stocks advanced, 2390 declined and 141 remained unchanged, with an advance decline ratio of 0.69 on the Bombay Stock Exchange (BSE), indicating negative closing of stocks in broader markets. The trend of the major indices on Monday’s trading is given in the table below.  

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Moneylife Digital Team 09 September 2024
Bajaj Housing Finance Ltd (Bajaj Housing) is a non-deposit-taking housing finance company (HFC) registered with the National Housing Bank (NHB) since 24 September  2015 and has been engaged in mortgage lending since FY17-18. It was identified and categorised as an ‘upper layer’ NBFC...

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Sneha Richhariya (IndiaSpend) 09 September 2024
In Peeliya village, around 2 km off the main road in Bassi tehsil of Jaipur district, lies a 27-bigha (about 17-acre) farmland--roughly the size of Bengaluru's Chinnaswamy cricket stadium. The owner Kajodmal Sharma guides me through a mud-soaked trail, now slick and treacherous after a day of...

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Moneylife Digital Team 09 September 2024
Levelling more conflict of interest allegations against Madhabi Puri Buch, the chairperson of the Securities and Exchange Board of India (SEBI), the Congress claimed that she received rental income from Carol Info Services Ltd, a company affiliated with Wockhardt Ltd, that the market regulator...

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Moneylife Digital Team 09 September 2024
The Mumbai police have booked 25 entities, including the directors of IX Global LLC, IX Global Academy Pvt Ltd, Pochale Global Academy Pvt Ltd, TP Global FX, their directors and agents for duping 204 investors of around Rs35.21 crore. In a similar case, the Nagpur police have also registered a...

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Mohsin Dar (Bar  and   Bench) 09 September 2024
The High Court of Jammu and Kashmir and Ladakh recently ruled that a complaint under Section 138 (dishonor of a cheque) of the Negotiable Instrument Act (NI Act) is maintainable even if the reason why a cheque has bounced was because the drawer's bank account was frozen (Sheikh Owais Tariq V/s...

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Moneylife Digital Team 09 September 2024
Reserve Bank of India (RBI) has imposed penalties worth Rs13.50 lakh on three housing finance companies (HFCs) for non-compliance with the directions issued by the banking regulator. The HFCs penalised by RBI are Godrej Housing Finance Ltd, Aadhar Housing Finance Ltd and Housing and Urban...

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Moneylife Digital Team 09 September 2024
Sterling & Wilson Renewable Energy (SWRE) is one of the largest global solar engineering-procurement-construction (EPC) companies, with a track record of commissioning 256 contracted solar power projects, and a leading solar operation & maintenance (O&M) player with a presence in 29 countries...

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A series of allegations by the Congress Party against Madhabi Puri Buch, chairperson of the Securities & Exchange Board of India (SEBI), sent shock waves through the financial sector yesterday, casting a further shadow over the integrity of the market regulator.    The accusations are so...

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The bitter family squabble among the members of the KK Modi clan is expected to come to a head on 6 September 2024 at the annual general meeting (AGM) of the flagship company of the family, Godfrey Philips India Ltd.   Among the resolutions up for voting is the renewal of the term of chairman...

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With ICICI Bank Ltd issuing some clarification on 2 September 2024, in the light of a political storm brewing in the context of the allegations made against the chairperson of Securities and Exchange Board of India (SEBI), it is difficult not to get piqued by a curiosity to find out what has...

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Moneylife Digital Team 06 September 2024
About 200 employees of Securities and Exchange Board of India (SEBI) on Thursday held a protest at the market regulator's headquarters at Bandra Kurla Complex (BKC) in Mumbai seeking the resignation of SEBI chairperson Madhabi Puri Buch. These employees also agitated against a statement...

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Shares of Tata Consultancy Services Ltd were listed on the bourses on 25 August 2004.   A few of the financial dailies have carried a news item today tracing its stunning street performance over these 20 years.                                         The journey of the share price over the...

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Moneylife Digital Team 06 September 2024
Recent developments at Silverline Technologies Ltd (Silverline), one of stocks manipulated during the scam of 2001 have raised concerns about corporate governance, regulatory filing, delay in reporting the death of the company's founder and chairman and raising Rs98 crore through a preferential...

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Moneylife Digital Team 06 September 2024
The Mumbai bench of the national company law tribunal (NCLT) removed Darwin Platform Infrastructure Ltd, the successful resolution applicant (SRA) of Lavasa Corporation Ltd (corporate debtor-CD),  from the corporate insolvency resolution process (CIRP) for failing to implement the resolution...

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Moneylife Digital Team 06 September 2024
Rejecting the repudiation of an insurance claim citing non-disclosure of a pre-existing disease, the national consumer disputes redressal commission (NCDRC) directed Life Insurance Corporation of India (LIC) to pay Rs10 lakh with 6% interest per annum (pa) and Rs50,000 as cost of litigation to...

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