ECONOMY & NATION


Moneylife Digital Team 24 November 2022
Calling India one of the countries in Asia most vulnerable to the physical risks of climate change, CRISIL Ratings says the damage from climate change, especially to agriculture, is already visible. Multiplying extreme events magnify the vulnerabilities of agriculture in India and, in the...

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IANS 24 November 2022
The country's largest lender, State Bank of India (SBI) has warned customers against instant loan apps and even suggested measures to safeguard against the menace.   "Please refrain from clicking on suspicious links or giving your information to a company posing as a Bank or Financial...

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IANS 24 November 2022
Amazon on Thursday said it is shuttering its edtech offering called Amazon Academy's operations in India starting from August 2023, and will refund the full fee to those enrolled in the current academic batch.   The e-commerce behemoth officially launched Academy (previously called...

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IANS 24 November 2022
Ramesh Chauhan is divesting Bisleri International to Tata Consumer Products Ltd (TCPL) for an estimated Rs6,000-Rs7,000 crore, The Economic Times reported.   The current management will continue for two years as part of the deal. Mr Chauhan, 82, has been in indifferent health in...

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IANS 24 November 2022
Major tax-filing websites such as H&R Block, TaxAct and TaxSlayer in the US are reportedly sending sensitive financial information to Facebook.   The information received by Facebook could be used by the company to improve its advertising algorithms, no matter whether the person using...

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IANS 24 November 2022
The Supreme Court on Wednesday dismissed an appeal by Tata Power Company Ltd (Tata Power) challenging the Maharashtra electricity regulatory commission's (MERC) decision to award a Rs7,000-crore transmission contract on a nomination basis to Adani Electricity in March last year.   A...

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Moneylife Digital Team 23 November 2022
Dismissing an appeal, the Supreme Court ruled that State Bank of India (SBI) ought to have deducted tax at source (TDS) from the payment given to its employees who have availed leave travel concession (LTC) facility for foreign travel. While no LTC facility can be availed by employees for...

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IANS 23 November 2022
The Supreme Court on Wednesday orally observed that the need is for a chief election commissioner (CEC) who can even take action against the prime minister and also asked the Centre to show the mechanism adopted in the appointment of an election commissioner (EC) last week.   A...

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IANS 23 November 2022
The Supreme Court on Wednesday told the Centre that it wants to see the files relating to the recent appointment of Arun Goel as election commissioner (EC) and emphasised that it wants to see by what mechanism, 'he was picked up', and 'there is no danger to produce it...

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IANS 23 November 2022
Sam Bankman-Fried (SBF), founder of bankrupt crypto exchange FTX and trading house Alameda Research, 'froze up in the face of pressure' as his company collapsed, bringing its collateral down to US$8bn (billion) from US$60bn.   In a letter to FTX employees, accessed by CoinDesk, the...

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Moneylife Digital Team 23 November 2022
A decline in exports in sugar season 2023 (SS; 1 October 2022, to 30 September 2023), together with a 3% increase in the fair and remunerative price (FRP) of sugarcane, effectively for a 10% recovery rate, will impact the profitability of sugar mills this fiscal, says a research...

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IANS 23 November 2022
Next week onwards, the Supreme Court will constitute specialised benches to take up criminal appeals, tax, land acquisition, and motor accident claim tribunal cases.   During the mentioning of cases, chief justice DY Chandrachud made an announcement in this regard. He also indicated...

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IANS 22 November 2022
The Income Tax Department on Tuesday said that it has unearthed unaccounted transactions exceeding Rs 100 crore during searches on a few groups engaged in jewellery and real estate business across the country in connection with alleged tax evasion.   According to an official, on...

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Moneylife Digital Team 22 November 2022
The Delhi High Court (HC) on Tuesday dismissed Future group's plea seeking termination of the arbitration proceedings initiated by Amazon before the Singapore International Arbitration Court (SIAC), as reported by Bar and Bench.   Justice C Hari Shankar said that he has not expressed...

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IANS 22 November 2022
After the sustained decline in the COVID-19 trajectory across the globe and in the country, the guidelines of health ministry on submission of self-declaration form on the Air Suvidha portal has been discontinued. The decision will come into effect from Monday midnight.   "In the...

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IANS 22 November 2022
The recent order by the Competition Commission of India (CCI) in the Google case may appear developer-friendly; but, in practice, it may have a practical and financial impact on developers, especially start-ups, legal experts said on Monday.   The CCI fined Google Rs936.44 crore on...

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IANS 22 November 2022
The Aditya Birla Sun Life Insurance Company Ltd, a bidder for the Reliance Nippon Life Insurance Company (RNLIC), has threatened to take action and file a complaint against the Reliance capital administrator if it fails to provide the critical information required by the company, at the...

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IANS 22 November 2022
Aiming to guard customers from fake online reviews of products, the government on Monday issued a comprehensive set of guidelines which would come into effect from 25th November and would be voluntary in nature.   The guidelines titled "Indian Standard (IS) 19000:2022 Online Consumer...

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IANS 21 November 2022
The sale of Reliance Capital's (RCAP) 51 per cent stake in Reliance Nippon Life Insurance Company (RNLIC), in the ongoing Corporate Insolvency Resolution Process, has pitched Nippon Life of Japan against RCAP Administrator and Aditya Birla Sun Life Insurance.   Miffed at the entry of...

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Moneylife Digital Team 21 November 2022
ArcelorMittal Nippon Steel India (AM/NS India) has concluded a transaction to acquire two port assets and a power plant from the Essar group for a net value of about Rs16,500 crore. AM/NS India says it has received requisite corporate and regulatory approvals.    The cash-generating...

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