ECONOMY & NATION


Sahyaja MS (Bar  and   Bench) 07 March 2025
The Bombay High Court on Wednesday granted Adani Cementation Limited permission to cut 158 mangrove trees for its jetty project along the Amba River in Raigad district (Adani Cementation v. Union of India).   A bench of Chief Justice Alok Aradhe and Justice Bharati Dangre added that while the...

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Moneylife Digital Team 06 March 2025
Taking cognisance of the tight liquidity conditions, the Reserve Bank of India (RBI) decided to conduct an open market operation (OMO) purchase auction of government of India securities worth Rs1 lakh crore and buy and sell swap auction of US dollar (USD) and Indian rupee (INR) for US$10bn...

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Moneylife Digital Team 06 March 2025
Taking cognisance of the tight liquidity conditions, the Reserve Bank of India (RBI) decided to conduct an open market operation (OMO) purchase auction of government of India securities worth Rs1 lakh crore and buy and sell swap auction of US dollar (USD) and Indian rupee (INR) for US$10bn...

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Moneylife Digital Team 06 March 2025
Coming down heavily on Dr Aalima Nowhera Shaik, managing director (MD) of the Heera group of companies, which operated a Ponzi scheme and duped thousands of investors, the Supreme Court (SC) asked the MD to either return Rs25 crore to investors within two months or face imprisonment in the...

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Moneylife Digital Team 06 March 2025
Coming down heavily on Dr Aalima Nowhera Shaik, managing director (MD) of the Heera group of companies, which operated a Ponzi scheme and duped thousands of investors, the Supreme Court (SC) asked the MD to either return Rs25 crore to investors within two months or face imprisonment in the...

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Moneylife Digital Team 06 March 2025
The Federation of Automobile Dealers Associations (FADA) has reported a 7% year-on-year (y-o-y) decline in auto retail sales for February 2025, highlighting ongoing challenges in the sector. Dealers across the country are also grappling with rising inventory levels as original equipment...

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Moneylife Digital Team 06 March 2025
India has set a new benchmark in its renewable energy ambitions, issuing a record 73GW (gigawatts) of utility-scale renewable energy tenders in 2024, according to a joint report by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research & Analytics. This marks the...

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The Right to Information (RTI) request to the income-tax (I-T) commissioner’s office, wherein the applicant demanded copies of his own audit report, has been prolonging for over three years, thanks to this public authority’s dilly-dallying, even petitioning the High Court (HC) and sitting on...

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Sahyaja MS (Bar  and   Bench) 06 March 2025
The Bombay High Court on Thursday dismissed a habeas corpus petition moved by former Mumbai cop Sachin Waze challenging his arrest in the Antilia bomb scare case.   A Bench of Justice Sarang Kotwal and Justice SM Modak dismissed Waze's petition.    A detailed copy of the order is...

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Debayan Roy (Bar  and   Bench) 06 March 2025
The Supreme Court on Wednesday pulled up the Uttar Pradesh government for demolishing the houses of a lawyer, a professor and three others in Prayagraj without following the procedure under law.   The Bench of Justices Abhay S Oka and N Kotishwar Singh berated the Uttar Pradesh government and...

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Moneylife Digital Team 05 March 2025
Shares of Gensol Engineering Ltd (Gensol) plummeted 20% on 4 March 2025 and extended its decline by another 9.99% on 5 March 2025, following successive credit rating downgrades by CARE Ratings and ICRA. Gensol ended Wednesday 10% down at Rs372.6 on the BSE, while the 30-share benchmark Sensex...

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Moneylife Digital Team 05 March 2025
Following public outrage over road digging and concretisation, even on roads in good condition, the BrihanMumbai Municipal Corporation (BMC) has banned new road excavations across Mumbai from 22nd February 2025. For ongoing projects, which have worsened air quality and caused traffic jams, BMC...

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Moneylife Digital Team 05 March 2025
US president Donald Trump, in his first speech to a joint session of Congress on Wednesday, criticised India's import duties, describing them as ‘unfair’ and a contributor to global trade imbalances. President Trump announced that ‘reciprocal tariffs’ would be introduced from 2nd April 2025,...

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Moneylife Digital Team 05 March 2025
The Reserve Bank of India (RBI) may need to inject an additional Rs1trn (trillion) or Rs1 lakh crore in liquidity into the banking system by the end of March to stabilise financial markets, according to a research report by the State Bank of India (SBI). The report warns that the current...

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Moneylife Digital Team 05 March 2025
The Reserve Bank of India (RBI) may need to inject an additional Rs1trn (trillion) or Rs1 lakh crore in liquidity into the banking system by the end of March to stabilise financial markets, according to a research report by the State Bank of India (SBI). The report warns that the current...

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Sahyaja MS (Bar  and   Bench) 04 March 2025
The Bombay High Court on Tuesday stayed a special court order to register a first information report (FIR) against against former Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch and other SEBI and Bombay Stock Exchange (BSE) officials in connection with a listing...

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Moneylife Digital Team 04 March 2025
More than two months after the brutal murder of Santosh Deshmukh, the sarpanch of Massajog in Beed district, Dhananjay Munde, Maharashtra's minister for food and civil supplies, has finally resigned. The leader of the Ajit Pawar-led Nationalist Congress Party (NCP) stepped down following a...

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Moneylife Digital Team 04 March 2025
In a significant ruling, the Supreme Court has quashed a first information report (FIR) filed against retired army officer and bestselling author, captain Rakesh Walia, declaring the case to be an 'abuse of the process of law'. The apex court found that the 39-year-old woman, who had lodged...

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Moneylife Digital Team 04 March 2025
The Reserve Bank of India (RBI) has imposed a penalty of Rs1 lakh on Bihar-based Magadh Central Cooperative Bank Ltd for non-compliance with RBI directions on know-your-customer (KYC).   A statutory inspection of the lender was conducted by National Bank for Agriculture and Rural Development...

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Sahyaja MS (Bar  and   Bench) 03 March 2025
Former Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch and two others have approached the Bombay High Court to quash an order passed by a Mumbai court on Saturday directing the Anti-Corruption Bureau (ACB) to register a first information report (FIR) against them in...

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