DAILY NEWS: OUR PICKS


Moneylife Digital Team 14 October 2026
The directorate of enforcement (ED) has seized assets worth ₹2,032.81 crore belonging to Reliance Power Ltd (RPL) in India as part of an investigation into alleged foreign exchange violations involving overseas investments and loans routed through entities in the British Virgin Islands (BVI)...

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Ritu Yadav (Bar  and   Bench) 14 October 2026
The Supreme Court on Wednesday pulled up the Election Commission of India (ECI) for claiming that it was unable to trace the 2023 video recording of the counting of votes in Karnataka's Sringeri assembly constituency.   The Court was hearing a case related to the election dispute between...

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Moneylife Digital Team 14 October 2026
The directorate of enforcement (ED) has provisionally attached movable and immovable assets worth ₹129.85 crore belonging to dairy companies, their promoters and related entities in connection with the alleged adulteration of ghee supplied to the Tirumala Tirupati Devasthanams (TTD) for...

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Moneylife Digital Team 14 October 2026
The International Monetary Fund (IMF) lifted its growth projection for India's FY26-27 to 7%, up from the 6.4% it had pencilled in during July. A revision of 0.6 percentage points is large by the standards of multilateral forecasting, and it sends a clear message: the Indian economy has been...

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Moneylife Digital Team 14 October 2026
India’s wholesale price inflation jumped to 11.39% in September from 9.92% in August, driven by higher prices of fuel, food, crude petroleum and a broad range of manufactured goods, according to provisional data released by the government on Wednesday.   Data from the Union ministry of...

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Moneylife Digital Team 14 October 2026
Union minister of state L Murugan has resigned from the council of ministers and asked prime minister (PM) Narendra Modi to allow him to relinquish his Rajya Sabha membership, saying he wants to devote himself full-time to strengthening the Bharatiya Janata Party (BJP) in Tamil Nadu ahead of...

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Moneylife Digital Team 14 October 2026
The governance battle within the Tata Trusts has moved another step towards the courts, with chairman Noel Tata and his son, trustee Neville Tata, filing a caveat before the Mumbai city civil court amid a widening dispute with fellow trustees. Separately, Mehli Mistry, former trustee of Tata...

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Neha Joshi (Bar  and   Bench) 14 October 2026
Updated at 3.25pm on 14 October 2026 to include a clarification from Bank of Baroda Dr. Bavaguthu Raghuram (BR) Shetty, founder of UAE-based healthcare provider NMC Healthcare and UAE Exchange, has filed a commercial suit in the Bombay High Court against Bank of Baroda (BoB) and others,...

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Moneylife Digital Team 14 October 2026
Holding that a diagnosis of heart disease after submission of the insurance proposal did not, by itself, establish deliberate concealment by the policyholder, the national consumer disputes redressal commission (NCDRC) dismissed a revision petition filed by the Life Insurance Corporation of...

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Hiranya Bhandarkar (Bar  and   Bench) 13 October 2026
The Karnataka High Court has directed a Special Land Acquisition Officer (SLAO) to pay ₹1 lakh in compensation to a 102-year-old man for failing to consider his request to refer his claim for inadequate land compensation to a court [B Ramaiah v State of Karnataka].   Justice R Nataraj said...

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Moneylife Digital Team 13 October 2026
The National Payments Corporation of India (NPCI) has deferred the implementation of merchant discount rates (MDR) on select unified payments interface (UPI) transactions until after Diwali, giving businesses and payment ecosystem participants more time before the proposed charges take...

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SN Thyagarajan (Bar  and   Bench) 13 October 2026
The Supreme Court on Tuesday dismissed an appeal filed by public sector undertaking MMTC Limited challenging the approval of a ₹1,950 crore settlement scheme proposed to resolve creditors' claims arising from the 2013 National Spot Exchange Limited (NSEL) payment default.   A Bench of...

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Moneylife Digital Team 13 October 2026
Market regulator Securities and Exchange Board of India (SEBI) has exempted DKJ Ownership Trust from making a mandatory open offer to public shareholders of S Chand and Company Ltd as part of an internal restructuring within the educational publisher's promoter family. The transaction will...

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Moneylife Digital Team 13 October 2026
Singularity AMC LLP has paid ₹40.5 lakh to settle Securities and Exchange Board of India (SEBI) proceedings about alleged violations of alternative investment fund (AIF) regulations.   SEBI’s orders issued on 9 October 2026 relate to two separate funds managed by Singularity AMC – Singularity...

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Moneylife Digital Team 13 October 2026
The Securities and Exchange Board of India (SEBI) has notified a new regulatory framework for portfolio managers, expanding the range of investments they can make on behalf of clients and introducing a separate route for managing portfolios invested in mutual fund units. The new regulations...

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The latest tremors to rock corporate India may have their epicentre far from Bombay House. The spotlight is now on the TVS business empire associated with Venu Srinivasan.   Media reports suggest that a dispute is underway over how the family’s ownership interests are to be shared between the...

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Moneylife Digital Team 12 October 2026
Leader of Opposition (LoP) in the Lok Sabha Rahul Gandhi and several other opposition leaders on Monday approached the Supreme Court, challenging alleged large-scale voter deletions and irregularities in the ongoing special intensive revision (SIR) of electoral rolls.   The petition was also...

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Moneylife Digital Team 12 October 2026
In a significant step towards recovering money for investors in the National Spot Exchange Ltd (NSEL) case, a Mumbai special court has permitted the monetisation of assets worth around ₹3,464 crore attached by directorate of enforcement (ED), paving the way for a ₹1,950 crore settlement for...

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Moneylife Digital Team 12 October 2026
The Union government has told the Supreme Court that trade margins on anti-cancer drugs have been capped at 30% of the maximum retail price (MRP). The Court, however, questioned why similar scrutiny was not being extended to other medicines and medical consumables, while the Union ministry of...

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Moneylife Digital Team 12 October 2026
Delhi police has withdrawn Jantar Mantar's status as a designated venue for protests and demonstrations, replacing it with three alternative locations in the national capital. Ramlila Maidan, Burari Ground and CBD Ground in east Delhi have been designated for demonstrations following...

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