ECONOMY & NATION


Moneylife Digital Team 08 May 2026
A US federal trade court has struck down president Donald Trump’s latest 10% global tariff regime, ruling that the White House exceeded its authority under a 1974 trade law while imposing temporary import duties on goods entering the US.   In a 2-1 ruling, the US Court of International Trade...

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Debayan Roy (Bar  and   Bench) 08 May 2026
The Supreme Court on Friday said that it will not pass orders to arrest industrialist Anil Ambani in the case of bank fraud by Reliance Communications (RCOM) and its group entities.   A Bench of Chief Justice of India (CJI) Surya Kant and Justice Joymalya Bagchi said that the law laid down by...

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Debayan Roy (Bar  and   Bench) 08 May 2026
The Supreme Court on Friday said that it will not pass orders to arrest industrialist Anil Ambani in the case of bank fraud by Reliance Communications (RCOM) and its group entities.   A Bench of Chief Justice of India (CJI) Surya Kant and Justice Joymalya Bagchi said that the law laid down by...

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Bar  and   Bench 08 May 2026
The Bombay High Court has directed the Maharashtra government to constitute a high level expert committee within four weeks to conduct a performance audit of the Maharashtra Slum Areas (Improvement, Clearance and Redevelopment) Act, 1971 (High Court on its own motion v. State of Maharashtra &...

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Moneylife Digital Team 08 May 2026
Reserve Bank of India (RBI) has imposed a penalty of ₹5.40 lakh on two cooperative banks, one from Mandi in Himachal Pradesh and the other from Maharashtra, for non-compliance with the directions issued by the banking regulator. The highest penalty of ₹5 lakh has been imposed on Himachal...

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Moneylife Digital Team 07 May 2026
Mphasis has filed a lawsuit in a US district court in Colorado against rival information technology (IT) company Coforge and former vice-president Brijesh Khergamker, alleging breaches of employment contracts and the misuse of confidential client information.    The Complaint Filed on 31...

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Moneylife Digital Team 07 May 2026
Central bureau of investigation (CBI) conducted coordinated searches at nine locations across four states and arrested one person from Lucknow for his alleged involvement in a transnational trafficking network that allegedly lured Indian nationals to South-East Asian countries with fake job...

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Moneylife Digital Team 07 May 2026
The Supreme Court on Thursday appointed former chief justice of India (CJI) DY Chandrachud as a mediator to resolve the escalating dispute between Rani Kapur and Priya Sachdev Kapur over the controversial family trust linked to the Sona group business empire. A bench of justice JB Pardiwala and...

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Moneylife Digital Team 07 May 2026
A survey by Moneylife Foundation has found strong public backing for digital payment protection measures such as a ‘kill switch’, even as users expressed concern that blanket transaction delays could disrupt routine payments. The survey, which covered more than 620 respondents, largely senior...

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Moneylife Digital Team 07 May 2026
The Bombay High Court on Thursday declined to urgently hear a petition seeking to stop meetings of the Sir Dorabji Tata Trust and Sir Ratan Tata Trust scheduled for 8th May, amid an escalating dispute over the governance structure of the Tata Trusts network.   The plea sought an interim...

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Moneylife Digital Team 07 May 2026
The Bombay High Court (HC) has restrained Kamal K Singh, founder and chairman of Rolta India Ltd, from selling, transferring or creating any third-party rights over assets owned or controlled by him in an enforcement suit linked to a US contempt judgment of about US$188mn (million) or around...

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Moneylife Digital Team 07 May 2026
The Bombay High Court (HC) has restrained Kamal K Singh, founder and chairman of Rolta India Ltd, from selling, transferring or creating any third-party rights over assets owned or controlled by him in an enforcement suit linked to a US contempt judgment of about US$188mn (million) or around...

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Prashant Jha (Bar  and   Bench) 07 May 2026
The Delhi High Court on Thursday issued notice to NDTV and its CEO and editor-in-chief Rahul Kanwal after businessman Anil Ambani sued the media house for defamation over its reporting of the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) case against his...

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Moneylife Digital Team 07 May 2026
Chief justice of India Surya Kant has sought a detailed report from the Andhra Pradesh High Court (HC) administration after a controversial courtroom exchange in which an HC judge ordered that an advocate be taken into custody for 24 hours during court proceedings, triggering nationwide outrage...

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Bar  and   Bench 07 May 2026
The Bombay High Court has sharply criticised IIFL Finance Limited for using the strategy of masking unilateral arbitrator appointments by routing them through institutions or algorithm-based selection platforms. [DS Textiles v. IIFL Finance Ltd].   The Court noted an increasing trend of...

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Moneylife Digital Team 06 May 2026
Central bureau of investigation (CBI) has filed a chargesheet in a major home-buyers' fraud case, naming multiple real estate firms, their directors, bank officials and alleged proxy buyers for their roles in a criminal conspiracy that caused losses to financial institutions and unsuspecting...

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Moneylife Digital Team 06 May 2026
In a sharp rebuke that raises serious questions over judicial consistency, the national company law appellate tribunal (NCLAT) has flagged contradictory rulings delivered by the same national company law tribunal (NCLT) bench on identical facts in two insolvency petitions filed by Canara...

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Moneylife Digital Team 06 May 2026
The Union Cabinet, chaired by prime minister (PM) Narendra Modi, has approved the rollout of the emergency credit line guarantee scheme (ECLGS) 5.0 to provide additional liquidity support to businesses impacted by the ongoing West Asia crisis. The scheme aims to facilitate a total additional...

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Moneylife Digital Team 05 May 2026
Loss-making Air India will scale down its international operations till July, as surging jet fuel prices and airspace restrictions linked to the West Asia conflict have rendered several routes financially unviable, chief executive officer and managing director (CEO&MD) Campbell Wilson said last...

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Bar  and   Bench 05 May 2026
The case lodged by Lilavati Trust against HDFC Bank Managing Director and CEO Sashidhar Jagdishan stemmed from a personal vendetta rather than genuine criminal conduct, the Bombay High Court observed on Tuesday (Sashidhar Jagdishan v. State of Maharashtra & Ors.)   In its order quashing...

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