Moneylife India

Supreme Court Questions ED on Statement of Witness Who Did Not Implicate Arvind Kejriwal Earlier: Report

Supreme Court Questions ED on Statement of Witness Who Did Not Implicate Arvind Kejriwal Earlier: Report The Supreme Court on Thursday questioned the stand of the enforcement directorate (ED) about the testimony of a witness who had not incriminated Delhi chief minister (CM) Arvind Kejriwal in his earlier statement in the Delhi liquor policy case.

India's Position Dips to 9th in Global RTI Rating, The Act Still Enjoys Dark Green Corridor for Powerful Law

India's Position Dips to 9th in Global RTI Rating, The Act Still Enjoys Dark Green Corridor for Powerful Law From ranking second in the world in 2011 in the Global RTI Rating conducted regularly by the Centre for Law and Democracy (CLD), a Canada-based non-governmental organisation, along with Access Info Europe, India has slipped to the ninth position, as per the recent update.

MahaRERA Proposes Proactive Quality Assurance Measures for Real Estate Projects

MahaRERA Proposes Proactive Quality Assurance Measures for Real Estate Projects The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued a consultation paper proposing a new framework for quality assurance in real estate projects. While focusing on quality assurance, this initiative aims to move beyond simply addressing defects after they occur by taking pre-empti...

SC Says ED Can't Arrest Accused under PMLA After Special Court Takes Cognisance of Complaint

SC Says ED Can't Arrest Accused under PMLA After Special Court Takes Cognisance of Complaint In a significant judgment, the Supreme Court held that the enforcement directorate (ED) and its officers cannot arrest an accused exercising powers under Section 19 of the Prevention of Money Laundering Act (PMLA) after the special court has taken cognisance of the complaint for money laundering.

LIC Asked To Pay Rs19.75 Lakh Death Insurance Claim with 9% Interest under Jeevan Tarang Policy

LIC Asked To Pay Rs19.75 Lakh Death Insurance Claim with 9% Interest under Jeevan Tarang Policy Rejecting the Life Insurance Corporation of India (LIC)'s contention that the insured failed to disclose diabetes and an earlier operation for the removal of gall bladder, the national consumer disputes redressal commission (NCDRC) directed the insurer to pay Rs19.75 lakh as a death insurance claim....

Covaxin: Nearly One-Third Participants Reported Adverse Events, Says New Study

Covaxin: Nearly One-Third Participants Reported Adverse Events, Says New Study Nearly a third of participants who took Covaxin, the Covid-19 vaccine made by Bharat Biotech Ltd, reported adverse events of special interest (AESI), with females and those with allergies at higher risk, says a new study published on SpringerLink

Strong Outlook for Steel Pipe Stock, with the Most Diversified Portfolio
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Strong Outlook for Steel Pipe Stock, with the Most Diversified Portfolio The steel pipes sector is currently experiencing sustained demand growth, on the back of various factors like government of India’s Jal Jeevan Mission, new residential and commercial buildings, development of water supply pipelines, increase in the number of wastewater treatment facilities, public...

Moneylife Exclusive: Serial Fraudster Dinesh Dalmia Strikes Again: Dupes Lenders of Nearly Rs200 Crore

Serial Fraudster Dinesh Dalmia Strikes Again: Dupes Lenders of Nearly Rs200 Crore Dinesh Dalmia, known for past frauds, is accused of duping banks again, this time allegedly swindling Rs200 crore. He denies involvement, claiming victimhood...

Housing Society Problems and Solutions: Tackling Encroachment of Common Areas

Housing Society Problems and Solutions: Tackling Encroachment of Common Areas Encroachment is a common problem in cooperative housing societies (CHS/Society), where some members illegally occupy common spaces of the Society near their apartment or flat. Such encroachment can be a shed, a garden, a parking spot, or even a shoe rack placed in the common lobby.

RBI Slaps Rs7.10 Lakh Penalty on Sundaram Home Finance, Belstar Microfinance and Vaijapur Merchants Cooperative Bank

RBI Slaps Rs7.10 Lakh Penalty on Sundaram Home Finance, Belstar Microfinance and Vaijapur Merchants Cooperative Bank The Reserve Bank of India (RBI) has imposed a total penalty of Rs7.10 lakh on Sundaram Home Finance Ltd, Belstar Microfinance Ltd and The Vaijapur Merchants Cooperative Bank Ltd for failing to follow directions issued by the banking regulator on know your customer (KYC) and sanctioning fresh hypothe...

Data Centre Stock with Strong Growth Prospects

Data Centre Stock with Strong Growth Prospects India is witnessing a significant rise in data consumption and data creation. From a monthly data usage of 9.5GB, India's per capita data consumption surged to 19.5GB in 2022, marking a 20% compound annual growth rate (CAGR).

Adani Energy Pays Rs1,900 Crore To Buy Essar’s Mahan-Sipat Transmission Assets

Adani Energy Pays Rs1,900 Crore To Buy Essar’s Mahan-Sipat Transmission Assets Adani Energy Solutions Ltd on Thursday says it has completed the acquisition of Essar Transco Ltd (ETL), which has transmission assets between Mahan in Madhya Pradesh (MP) and Sipat in Chhattisgarh for Rs1,900 crore.

India Issues First Set of Citizenship Certificates to 14 After Notification of Citizenship (Amendment) Rules

India Issues First Set of Citizenship Certificates to 14 After Notification of Citizenship (Amendment) Rules India on Wednesday issued the first set of citizenship certificates after notification of the Citizenship (Amendment) Rules, 2024 to 14 applicants. Union home secretary Ajay Kumar Bhalla handed over citizenship certificates to some applicants in New Delhi.

Nifty, Sensex May Move Sideways - Wednesday Closing Report

Nifty, Sensex May Move Sideways - Wednesday Closing Report On Wednesday, 2201 stocks advanced, 1591 declined and 143 remained unchanged, on the Bombay Stock Exchange (BSE) with an advance decline ratio of 1.38, indicating positive closing of stocks in broader markets.

United India Insurance Asked To Refund Excess Premium, Continue Health Insurance Policy on Original Terms

United India Insurance Asked To Refund Excess Premium, Continue Health Insurance Policy on Original Terms Upholding orders passed by fora below, the national consumer disputes redressal commission (NCDRC) directed United India Insurance Company Ltd to refund the excess premium charged from the policyholder for two years and pay Rs27,000 as compensation and cost of litigation.

Supreme Court Cautions NCDRC Members on Issuing Non-Bailable Warrants, Closes Contempt Case

Supreme Court Cautions NCDRC Members on Issuing Non-Bailable Warrants, Closes Contempt Case The Supreme Court (SC) on Wednesday cautioned Subhash Chandra and Dr Sadhna Shanker, the two members of the national consumer disputes redressal commission (NCDRC), for issuing non-bailable warrants against the directors of Ireo Grace Realtech Pvt Ltd, ignoring an interim order of the apex court.

Kwality's Promoter and Ex-MD Sanjay Dhingra Asked To Disgorge Rs2.12 Crore Profit, Pay Rs5 Lakh Penalty for Contra Trades

Kwality's Promoter and Ex-MD Sanjay Dhingra Asked To Disgorge Rs2.12 Crore Profit, Pay Rs5 Lakh Penalty for Contra Trades Coming down heavily on Sanjay Dhingra, promoter, and former managing director (MD) of dairy company Kwality Ltd, for executing contra trade (opposite transactions) and trading during the trading window closure period, the Securities and Exchange Board of India (SEBI) asked him to disgorge Rs2.12 cro...

Supreme Court Says Arrest & Remand of Prabir Purkayastha is 'Illegal', Orders His Release

Supreme Court Says Arrest & Remand of Prabir Purkayastha is 'Illegal', Orders His Release The Supreme Court (SC) on Wednesday ordered the release of Prabir Purkayastha, founder and editor of NewsClick, in the Unlawful Activities (Prevention) Act (UAPA) case after holding that his arrest by Delhi police and remand were illegal.

Serial Fraudster Dinesh Dalmia Strikes Again: Dupes Lenders of Nearly Rs200 Crore

https://www.moneylife.in/article/serial-fraudster-dinesh-dalmia-strikes-again-dupes-lenders-of-nearly-rs200-crore/74160.html

Nifty, Sensex Head Higher - Tuesday Closing Report
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IPO Review: Go Digit
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SC Reserves Order in Patanjali Case, Also Grills IMA Chief Asokan
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Gautam Navlakha Gets Bail in Bhima Koregaon Case as SC Lifts Stay on Bombay HC Order

Gautam Navlakha Gets Bail in Bhima Koregaon Case as SC Lifts Stay on Bombay HC Order Social activist Gautam Navlakha, accused in the Bhima Koregaon violence case of 2018, got bail on Tuesday after the Supreme Court lifted the stay on the Bombay High Court order granting bail to the activist.

Sushil Kumar Modi: A Stalwart of Bihar Politics— and National Impact

Sushil Kumar Modi: A Stalwart of Bihar Politics— and National Impact Sushil Kumar Modi, the former deputy chief minister of Bihar, passed away on 13 May 2024 at the age of 72, after a prolonged battle with cancer. His departure marks the end of an era for Indian politics, particularly in Bihar, where he held numerous positions of significant influence over the decade...

Services by Lawyers Will Not Fall under Consumer Protection Act: Supreme Court

Services by Lawyers Will Not Fall under Consumer Protection Act: Supreme Court The Supreme Court on Tuesday ruled that legal services rendered by lawyers will not fall under the ambit of the Consumer Protection Act and litigants cannot make claims of deficiency of service against advocates, says a report.

ICICI Securities Shareholders Allege ICICI Bank Influence in Delisting Process: Report
https://www.moneylife.in/article/icici-securities-shareholders-allege-icici-bank-influence-in-delisting-process-report/74152.html

Infosys Slapped with a Rs82 Lakh Penalty by Canada for Alleged Underpayment of Tax

Infosys Slapped with a Rs82 Lakh Penalty by Canada for Alleged Underpayment of Tax The ministry of finance in Canada has imposed a penalty of over 1.34 lakh Canadian dollars (about Rs82 lakh) on Infosys Ltd for alleged underpayment of employee health tax for the year ended 31 December 2020.

14 Dead, 74 Injured in Mumbai Hoarding Crash

14 Dead, 74 Injured in Mumbai Hoarding Crash The death toll in the hoarding collapse incident in Mumbai’s Ghatkopar area has risen to 14 while 74 people are injured, officials from the BrihanMumbai Municipal Corporation (BMC) say.

RBI Looks at ARCs Amid a Flood of Allegations: Report

RBI Looks at ARCs Amid a Flood of Allegations: Report According to the report, RBI has asked the chairman of the board, chairman of the audit committee, and managing director of the ARCs to attend the 17th May meeting in Mumbai. Two executive directors of RBI and senior officials will also participate in the meeting, the first by the banking regulator....

Chowkidar or Chor? Is the Party Over for the Once Powerful?

Chowkidar or Chor? Is the Party Over for the Once Powerful? Infrastructure Leasing and Financial Services Ltd (IL&FS), Dewan Housing Finance Corporation Ltd (DHFL), Reliance Capital Ltd and YES Bank, though a dozen more can be rightfully tagged to this ‘big-4’, cumulatively caused anywhere between Rs1 lakh crore and Rs1 lakh fifty thousand crore loss to ...