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Moneylife Digital Team 09 May 2025
Union Bank of India is facing intense scrutiny after it placed an unusually large book order worth Rs7.25 crore for nearly 200,000 copies of India@100: Envisioning Tomorrow’s Economic Powerhouse, a book authored by former chief economic adviser (CEA) Krishnamurthy V Subramanian. As first...

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Moneylife Digital Team 16 May 2025
Holding Saurabh Gadgil of PNG Jewellers Pvt Ltd responsible for extracting additional money in the name of government taxes while buying back a diamond bangle from a customer, the Pune district consumer disputes redressal commission directed the jeweller to buy back the diamond bangle as per...

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Shirish Shanbhag 08 May 2025
Managing or living in a cooperative housing society (CHS/the Society) often means dealing with a range of legal, procedural and practical challenges—many of which are not always clearly understood by residents or committee members. From questions of membership and voting rights to property...

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Just under a year ago, I reported (Moneylife Exclusive: Serial Fraudster Dinesh Dalmia Strikes Again: Dupes Lenders of Nearly Rs200 Crore) that Dinesh Dalmia, serial fraudster and founder of the now-defunct DSQ Software group, had resurfaced under a new guise. This is after having spent several...

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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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Policy-makers and pundits in Delhi have been quick to declare the US-China trade war a golden opportunity for India. As supply chains fray and geopolitical tensions deepen, could India finally seize a slice of China’s enormous export pie?    On the surface, the logic is appealing. If tariffs...

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Moneylife Digital Team 09 May 2025
In a landmark cross-border investment, Japan’s Sumitomo Mitsui Banking Corporation (SMBC) has entered into a definitive agreement to acquire a 20% stake in Yes Bank, becoming the Indian lender’s largest shareholder. The deal, involving a combination of secondary stake purchases, marks a pivotal...

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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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Moneylife Digital Team 24 April 2025
Market regulator Securities and Exchange Board of India (SEBI) has imposed a total penalty of Rs16 lakh Bliss Consultants for running unregistered portfolio management services (PMS). SEBI also directed Bliss Consultants to refund of net monies collected plus simple interest at the rate of...

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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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The surfacing of the shameful skullduggery in the accounting for derivatives at the IndusInd Bank, presumably, with the connivance of the top echelons, sheds a sordid light on the quality of persons helming such institutions and the lack of supervision, governance and the accountability of the...

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Moneylife Digital Team 05 May 2025
Reserve Bank of India (RBI) has imposed a penalty of Rs2.52 crore penalty on ICICI Bank Ltd, Axis Bank Ltd, Bank of Maharashtra (BoM), IDBI Bank Ltd and Bank of Baroda (BoM) for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs97.80 lakh has been...

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The customer is king—a much quoted business mantra coined by Harry Gordon Selfridge a century ago—is more of a hollow slogan today. Instead, customers of giant organisations are forced deal with ‘systems’ that work at avoiding a human interface. In the age of digital automation, where...

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Akshay Naik 02 May 2025
A new international study has found that a simple blood test measuring two specific lipoprotein markers could offer a significantly more accurate assessment of an individual’s risk of heart disease than the standard cholesterol test. The research, led by scientists from Chalmers University of...

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When US president Donald Trump detonated a trade bomb on 2nd April, with levies set to bite from 9th April, global markets shuddered. Stocks tumbled for four days as investors braced for chaos. Yet, days later, president Trump paused the tariffs for 90 days on all—excluding China—and exempted...

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Moneylife Digital Team 02 May 2025
The national consumer disputes redressal commission (NCDRC) has upheld an order directing the State Bank of Travancore (SBT), now State Bank of India (SBI), to refund the outstanding loan amount and pay compensation to the widow of a deceased home loan borrower, holding the bank accountable for...

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Patricia Callahan (ProPublica) 25 April 2025
Glenmark Pharmaceuticals has recalled two dozen generic medicines sold to American patients because the Indian factory that made them failed to comply with U.S. manufacturing standards and the Food and Drug Administration determined that the faulty drugs could harm people, federal records...

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Chandramouli Mohan 16 May 2025
The Hidden Cost of Falling Short Imagine this: You’re juggling bills, groceries and school fees and one month you dip below your bank’s minimum balance requirement. Next thing you know, your bank slaps you with a penalty. Annoying, right? But wait—there’s more! On top of this penalty, you’re...

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On 29 April  2025, the Supreme Court of India (SC), issued a landmark order directing the central bureau of investigation (CBI) to register seven preliminary enquiries and set up a special investigation team (SIT) to probe, what it termed as, an ‘unholy nexus’ between lenders and real estate...

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In the ever-evolving landscape of cybercrime, edge devices such as firewalls, routers, and virtual private networks (VPNs), once considered the frontline defenders of networks, are increasingly becoming points of vulnerability. Cybercriminals are now exploiting misconfigurations, unpatched...

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