ECONOMY & NATION


Vinita Deshmukh Vinita Deshmukh 07 January 2022
In a democracy, there should not be a difference between citizens and activists as every active, alert or concerned citizen is automatically an activist. In fact, every citizen must be aware of what is going around him or her, what the impact is and what impact he can make in...

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Moneylife Digital Team 07 January 2022
Legendary advertising man, theatre artist and activist Gerson da Cunha, passed away on Friday in Mumbai. He was 92.    Mumbai First, a public-private partnership that had him as a governing board member, said it is deeply saddened by the passing away of Mr Da Cunha.   

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In the third wave of the Covid-19 pandemic, it has taken just eight days for India's daily cases to cross 1 lakh from 10,000. If you compare it with the second wave last year, it took Covid cases 47 days to reach the 1 lakh level from a tally of 10,000.   In the first Covid wave in...

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Rising cases of the Omicron variant of Covid-19 and the subsequent curbs will have an adverse impact on India's Q4FY22 GDP, said India Ratings and Research (Ind-Ra).   The rising cases have led to various curbs instituted by state governments such as reduced capacity of markets, night...

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India registered a single-day rise of 1,17,100 new Covid cases, a significant rise from the previous day's 90,928 cases, in a span of 24 hours, said the Union Ministry of health and family welfare on Friday.   A total of 302 deaths was reported in the same time taking the toll to...

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Moneylife Digital Team 06 January 2022
Hyderabad-based Natco Pharma Ltd and Chennai-based Thejo Engineering Ltd are the winner and runner-up of Moneylife Foundation's inaugural Corporate Governance Award. In an online function, M Damodaran, former chairman of SEBI (Securities and Exchange Board of India) announced the winner and...

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The Central Bureau of Investigation (CBI) on Thursday said that four separate cases have been registered in connection with a bank fraud of around Rs 940 crore. After lodging the case, the agency conducted raids at the premises of the alleged accused.   A CBI official said that one of...

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Reliance Industries Limited (RIL) announced that on 5 January 2022, it has priced a Rule 144A/ Regulation multi-tranche offering aggregating $4 billion, comprising $1.5 bn senior unsecured notes due 2032; $1.75bn senior unsecured notes due 2052 and $750 million senior unsecured notes due...

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Sucheta Dalal Sucheta Dalal 06 January 2022
Does the last day of 2021 portend what is in store for 2022? If yes, we are in for tougher times. On 31st December, I had tweeted how chartered accountants (CA), as a community, had erupted in anger over the dysfunctional income-tax (I-T) portal on the last day for filing returns. The...

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Moneylife Digital Team 06 January 2022
A law court in Montreal district of Canada has allowed three Mauritius-based investors of Devas Multimedia Pvt Ltd, a joint venture between the Indian government-owned Antrix Corporation and Devas Multimedia Ltd, to seize funds deposited by Airport Authority of India (AAI) and Air India with...

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In a new development in the ongoing legal tussle between Amazon and Future Group, the Delhi High Court on Wednesday stayed further arbitration proceedings between the parties before the Singapore tribunal till February 1.   A bench, headed by Chief Justice D.N. Patel and comprising...

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Moneylife Digital Team 05 January 2022
The Reserve Bank of India (RBI) has issued a framework allowing offline payments up to Rs200 per transaction. An offline digital payment, here, means a transaction that does not require internet or telecom connectivity.   The new framework is applicable with immediate...

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Moneylife Digital Team 05 January 2022
The Central government on Wednesday released revised guidelines for home isolation of mild/asymptomatic COVID-19 cases. As per the revised guidelines, issued by the ministry of health & family welfare, a patient under home isolation will stand discharged after seven days from testing...

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The Competition Commission of India (CCI) on Wednesday told the Karnataka High Court that it may complete the ongoing anti-trust investigation into Google Play Store policies within 60 days.   The submission in the court was made on behalf of Additional Solicitor General N....

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COVID-led restrictions in several states and people starting working from home are expected to have a negative effect on retail automobile sales, the Federation of Automobile Dealers Association (FADA) said on Wednesday.   "Various state governments have once again announced Covid...

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Yogesh Sapkale Yogesh Sapkale 05 January 2022
Well-known social reformer and Mai (mother) to over 1,500 orphans, Sindhutai Sapkal passed away due to cardiac arrest on Tuesday night at a Pune hospital. She was 73. Sindhutai, fondly called Mai, has left behind a massive legacy of noble service to society, including orphans and marginalised...

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R Balakrishnan R Balakrishnan 05 January 2022
Every country has hundreds of laws that govern behaviour. The fact that thousands of cases are pending in various courts, while thousands more are filed every day, tells us that we, as people, find it difficult to behave in a fair manner with fellow human beings and self-interest dominates...

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The IL&FS Group has completed sale of its 26% stake in ONGC Tripura Power Company (OTPC) to Gas Authority of India Limited (GAIL) at an aggregate valuation of Rs1,227 crore.   According to the Group, with this transaction, IL&FS has resolved a debt of approximately Rs3,656 crore,...

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Moneylife Digital Team 04 January 2022
Online fraudsters have come up with an innovative way to cheat people (especially senior citizens) - this time in the guise of COVID vaccine booster dose. Due to the recent surge in cases of COVID-19's Omicron variant, the situation has paved the way for this type of online fraud. Mumbai...

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A woman, who is allegedly the mastermind behind the notorious "Bulli Bai" app, was held by a Mumbai Police team from Uttarakhand.   The action comes a day after a Mumbai Police held a 21-year-old engineering student from Bengaluru, in connection with the controversy, which cropped on...

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