ECONOMY & NATION


Moneylife Digital Team 23 May 2026
The directorate of enforcement (ED) has arrested Heera group founder Nowhera Shaik in connection with an alleged ₹3,000 crore investor fraud case involving more than 172,000 depositors across India.   Ms Shaik was arrested on 21 May 2026 in Gurugram under the provisions of the Prevention of...

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In April, the Nifty Microcap index was up 21.55%, an unprecedented rise since its launch in 2022. The CNX500 rose 10.5%, the only month in the past five years in which the index was up by more than 10%. The market decline in March was treated like a festival-season discount sale. Retail...

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Moneylife Digital Team 22 May 2026
Reserve Bank of India (RBI) on Friday approved a record surplus transfer of ₹286,588.46 crore to the Union government for FY25-26, providing a major fiscal boost to the government at a time of heightened geopolitical and economic uncertainty. The record surplus transfer also provides additional...

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Moneylife Digital Team 22 May 2026
India's National Highways Authority of India (NHAI) has identified 28 highway stretches spanning over 1,800km (kilometres) for monetisation in FY26-27, targeting proceeds of around ₹35,000 crore. Haryana accounts for the highest number of assets, followed by Uttar Pradesh. The exercise will...

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Prashant Jha (Bar  and   Bench) 22 May 2026
The Delhi High Court on Friday chastised the Wrestling Federation of India (WFI) for issuing a show-cause notice to wrestler Vinesh Phogat saying that she had caused national embarrassment by being disqualified from the Paris Olympics for being overweight ahead of her gold medal match.    A...

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Debayan Roy (Bar  and   Bench) 22 May 2026
The Supreme Court on Friday recalled its observations against three academicians, Professor Michel Danino, Suparna Diwakar and Alok Prasanna Kumar, who were recently censured by the Court for the contents of NCERT (National Council of Educational Research and Training) class 8 textbook chapter...

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Moneylife Digital Team 22 May 2026
Reserve Bank of India (RBI) has imposed a penalty of ₹1.80 lakh on Mumbai-based AKG Infin Pvt Ltd, a non-banking financial company (NBFC), for non-compliance with certain directions related to the acquisition of shareholding or control.   During its statutory inspection, RBI observed that AKG...

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Ritwik Choudhury (Bar  and   Bench) 22 May 2026
For centuries, the legal profession remained the exclusive domain of male lawyers who benefitted from social networks and professional solidarity, Supreme Court Justice BV Nagarathna said on Thursday.   Women too need to build such communities of solidarity to ensure that the progress made...

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Moneylife Digital Team 21 May 2026
The Mumbai zonal office of the directorate of enforcement (ED) has arrested Ashokkumar Eknath Kharat alias ‘Captain’, a self-proclaimed godman, under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, in connection with an alleged extortion and money laundering racket...

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Moneylife Digital Team 21 May 2026
The central bureau of investigation (CBI) has filed its first charge-sheet before the special CBI court in Panchkula in connection with the alleged misappropriation of Haryana government funds worth ₹504 crore involving bank officials, public servants and private individuals.   According to...

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Moneylife Digital Team 21 May 2026
The central bureau of investigation (CBI) has filed its first charge-sheet before the special CBI court in Panchkula in connection with the alleged misappropriation of Haryana government funds worth ₹504 crore involving bank officials, public servants and private individuals.   According to...

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Moneylife Digital Team 21 May 2026
Coming down heavily on the Union finance ministry and the Reserve Bank of India (RBI), the Supreme Court (SC) has sought clarity on the process through which the decision to write down the ₹8,415 crore Yes Bank additional tier-1 (AT1) bonds was taken. After hearing detailed submissions from the...

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Moneylife Digital Team 21 May 2026
While urging trade and industry not to penalise transporters for delays and disruptions, the All India Transporters Welfare Association (AITWA) has issued an urgent advisory warning of widespread disruption in truck movement across the country due to sharp increases in diesel prices, fuel...

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Moneylife Digital Team 21 May 2026
The Chennai zonal office of the directorate of enforcement (ED) has conducted searches at seven locations linked to Thangam Steel Ltd (TSL), PS Krishnamurthy Steels Pvt Ltd (PSK), the company directors and other accused persons in connection with an alleged bank fraud case involving State Bank...

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Moneylife Digital Team 21 May 2026
The US federal bureau of investigation (FBI) has uncovered a large India-linked tech support fraud network that allegedly cheated hundreds of elderly victims in the US and other countries out of millions of dollars through fake computer support scams. Two senior executives associated with the...

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Moneylife Digital Team 20 May 2026
The Supreme Court declined to intervene in a Delhi High Court order that had rejected SpiceJet's plea to submit a property title deed in lieu of depositing ₹144 crore as cash surety in an ongoing share-transfer dispute with the airline's former promoters, Kalanithi Maran and KAL Airways. While...

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Moneylife Digital Team 20 May 2026
The Indian rupee weakened for the ninth consecutive trading session on Wednesday, slipping 13 paise to close at a fresh lifetime low of 96.83 against the US dollar amid rising crude oil prices, persistent dollar demand and growing concerns over the impact of escalating tensions in West Asia....

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Moneylife Digital Team 20 May 2026
The administration of Donald Trump has come under sharp criticism after the US department of justice (DoJ) issued a directive permanently barring tax authorities from pursuing audits or tax claims against the president, his family and his businesses.   The move emerged through a one-page...

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Moneylife Digital Team 20 May 2026
The administration of Donald Trump has come under sharp criticism after the US department of justice (DoJ) issued a directive permanently barring tax authorities from pursuing audits or tax claims against the president, his family and his businesses.   The move emerged through a one-page...

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Prashant Jha (Bar  and   Bench) 20 May 2026
The Delhi High Court on Wednesday set aside the sessions court order which had stayed the criminal case against Abhijit Iyer-Mitra for objectionable tweets against Newslaundry's Manisha Pande and other journalists.   Justice Girish Kathpalia noted that the sessions court order passed was...

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