ECONOMY & NATION


Moneylife Digital Team 02 October 2026
On 1 October 2026, two of India's biggest private banks named chiefs who were trained at the Industrial Credit and Investment Corporation of India (ICICI) group, within hours of each other. Anup Bagchi was named to run Housing Development Finance Corporation (HDFC) Bank, and Anup Kumar Saha to...

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Moneylife Digital Team 02 October 2026
India ranks third globally in semiconductor firm registrations between 2017 and August 2026; yet, the number of new firms has fallen from a peak of 139 in 2018 to 76 in 2026. Funding is the problem. In 2026, United States (US) accounted for 48% of global semiconductor funding and China for 6.8%,...

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Pranjal R Daniel 02 October 2026
Direct selling involves more than just selling products; it is about offering hope in the form of the possibility of establishing an independent business without the need for the kind of capital required by traditional retail, and of making a living through discipline, product knowledge,...

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Moneylife Digital Team 02 October 2026
The directorate of enforcement (ED) has arrested S Vasudevan, chairman and managing director (CMD) of Ozone Urbana Infra Developers Pvt Ltd, in a money-laundering investigation into the alleged diversion of ₹927.22 crore collected from homebuyers who were promised apartments but left waiting...

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Hiranya Bhandarkar (Bar  and   Bench) 02 October 2026
The Karnataka High Court has refused to quash Enforcement Directorate (ED) proceedings and its provisional attachment order against JSW Steel for allegedly having procured illegally mined iron ore [JSW Steel v. Deputy Director, Directorate of Enforcement].   A Bench of Justices DK Singh and...

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Moneylife Digital Team 02 October 2026
The directorate of enforcement (ED) has provisionally attached 211 immovable properties valued at around ₹646.58 crore in its money-laundering investigation into Pancard Clubs Ltd (PCL) and other entities linked to the Panoramic group.   The attached assets include commercial office spaces,...

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Moneylife Digital Team 02 October 2026
The directorate of enforcement (ED) has provisionally attached 211 immovable properties valued at around ₹646.58 crore in its money-laundering investigation into Pancard Clubs Ltd (PCL) and other entities linked to the Panoramic group.   The attached assets include commercial office spaces,...

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Moneylife Digital Team 02 October 2026
HDFC Bank has received approval from Reserve Bank of India (RBI) to appoint Anup Bagchi as its managing director and chief executive officer (MD&CEO) for three years from 27 October 2026. The Bank’s board has approved his appointment, which is also subject to shareholder approval.   RBI...

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Neha Joshi (Bar  and   Bench) 01 October 2026
The Bombay High Court at Goa on Thursday expressed concern about the manner in which Election Commission of India's (ECI) automated software system rejects form 8 applications filed by electors to report a change of address (Paresh Salgaonkar & Ors v. State of Goa & Ors.)   Under the...

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SN Thyagarajan (Bar  and   Bench) 01 October 2026
The Delhi High Court has blocked the release of over ₹213 crore deposited by Steel Authority of India Limited (SAIL) towards an arbitral award in favour of British Marine PLC after finding that the award was unstamped and could not presently be enforced. (British Marine v. SAIL)   Justice...

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Moneylife Digital Team 01 October 2026
The central bureau of investigation (CBI) has filed a second charge-sheet in the Reliance Home Finance Ltd (RHFL) case, naming 11 accused, including three former senior executives of the Reliance Anil Dhirubhai Ambani (ADA) group and seven group-linked companies, over the alleged diversion of...

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Moneylife Digital Team 01 October 2026
The Bombay High Court on Thursday questioned the Maharashtra government over the investigation into the controversial Mundhwa land deal, asking why Parth Pawar, who holds a 99% stake in the company that purchased the disputed Pune property, has not been treated as a beneficiary of the...

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Moneylife Digital Team 01 October 2026
The directorate of enforcement (ED) has provisionally attached movable assets worth ₹43.65 crore belonging to Electrotherm (India) Ltd and its promoters in a money laundering case linked to alleged diversion and siphoning of bank loans. The attachment was made last week by ED's Ahmedabad zonal...

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Moneylife Digital Team 01 October 2026
The governance dispute within the Tata Trusts has widened, with Sir Dorabji Tata Trust (SDTT) vice-chairmen and trustees Venu Srinivasan and Vijay Singh questioning the authority and process behind the Trusts’ latest proposal to restructure Tata Sons Pvt Ltd, the holding company of the Tata...

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Moneylife Digital Team 01 October 2026
Reserve Bank of India (RBI) has approved the appointment of Anup Kumar Saha as managing director and chief executive officer (MD&CEO) of Kotak Mahindra Bank for a three-year term starting 1 January 2027.   Mr Saha is currently a whole-time director and executive director at Kotak Mahindra...

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Moneylife Digital Team 30 September 2026
The long-running differences within Tata Trusts have escalated into a fresh regulatory challenge, with Sir Dorabji Tata Trust (SDTT) trustee Venu Srinivasan asking the Maharashtra charity commissioner to order an inquiry into the trust’s administration, governance and involvement in the affairs...

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Moneylife Digital Team 30 September 2026
The directorate of enforcement (ED) has arrested Vatika Ltd's chairman and managing director (CMD) Anil Bhalla and group promoter Gautam Bhalla in a money laundering case linked to the alleged non-delivery of residential plots and diversion of funds received from purchasers.   The two were...

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SN Thyagarajan (Bar  and   Bench) 30 September 2026
India Infrastructure Finance Company (UK) Limited (IIFCL UK), the overseas arm of Indian government-owned IIFCL, has moved the National Company Law Tribunal (NCLT) seeking initiation of insolvency proceedings against Mumbai Metro One Private Limited (MMOPL) over alleged dues of around ₹1,745...

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Moneylife Digital Team 29 September 2026
The proposed restructuring of Tata Sons Pvt Ltd and the possibility of a future listing of the Tata group’s holding company are unlikely to have an immediate effect on the credit ratings of major group companies, but they could raise bigger questions over the group’s financial policy and...

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Meera Emmanuel (Bar  and   Bench) 29 September 2026
Comedian Kunal Kamra has approached the Supreme Court seeking to intervene in a case pending before a seven-judge Bench of the Court on the extent to which an exercise of legislative privileges can be used to curtail a citizen’s freedom of speech.   Kamra has sought permission to be made...

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