ECONOMY & NATION


Moneylife Digital Team 21 January 2026
A special court under the Prevention of Money Laundering Act (PMLA) has closed a money laundering case against Bagla Overseas Pvt Ltd, its managing director (MD) and Bharatiya Janata Party (BJP) leader Mohit Kamboj, and several other directors, after central bureau of investigation (CBI) shut...

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Moneylife Digital Team 21 January 2026
A special court under the Prevention of Money Laundering Act (PMLA) has closed a money laundering case against Bagla Overseas Pvt Ltd, its managing director (MD) and Bharatiya Janata Party (BJP) leader Mohit Kamboj, and several other directors, after central bureau of investigation (CBI) shut...

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Moneylife Digital Team 21 January 2026
The Bombay High Court (HC) has refused to entertain a petition filed by fugitive diamond trader Jatin R Mehta challenging provisions of the Fugitive Economic Offenders (FEO) Act, 2018, making it clear that constitutional remedies cannot be invoked by an accused who continues to remain outside...

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The annual World Economic Forum (WEF) at Davos is the supreme arena for business optics. While world leaders make news at the formal plenary sessions, high-power networking occurs at private parties in a country better known for stashing away money secretly. So industrialists funding their...

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Bar  and   Bench 20 January 2026
The Karnataka High Court on Monday stayed the proceedings initiated by the Enforcement Directorate (ED) under the Foreign Exchange Management Act, 1999 (FEMA) against Malavika Hegde, CEO of Coffee Day Enterprises Limited (CDEL) and wife of late Café Coffee Day founder VG Siddhartha (Malavika...

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Bar  and   Bench 20 January 2026
The Karnataka High Court on Monday stayed the proceedings initiated by the Enforcement Directorate (ED) under the Foreign Exchange Management Act, 1999 (FEMA) against Malavika Hegde, CEO of Coffee Day Enterprises Limited (CDEL) and wife of late Café Coffee Day founder VG Siddhartha (Malavika...

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Moneylife Digital Team 20 January 2026
The headquarter investigation unit (HIU) of the directorate of enforcement (ED) has provisionally attached assets worth ₹54.85 crore in connection with an alleged large-scale diversion of electric vehicle (EV) loan funds by the Gensol group and its associated entities.   In a statement, ED...

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Moneylife Digital Team 20 January 2026
Reserve Bank of India (RBI) has imposed a penalty of ₹1 lakh on Maharashtra-based Nandura Urban Cooperative Bank Ltd for non-compliance with its directions on exposure norms and statutory and other restrictions applicable to urban cooperative banks (UCBs).   The statutory inspection of...

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Jitender Kumar Jain 20 January 2026
When India enacted the Insolvency and Bankruptcy Code (IBC) in 2016, it was celebrated as a watershed reform. Inspired by the United Nations Commission on International Trade Law’s Legislative Guide on Insolvency Law (UNCITRAL Law), IBC promised to bring order to the chaos of insolvency...

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Debayan Roy (Bar  and   Bench) 19 January 2026
The Supreme Court on Monday directed the Election Commission of India (ECI) to publish the names of about 1.25 crore people against whom a "logical discrepancy" objection has been raised by the poll body during the ongoing Special Intensive Revision (SIR) in West Bengal.   A Bench of Chief...

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Prashant Jha (Bar  and   Bench) 19 January 2026
The Delhi High Court on Monday quashed the income tax reassessment notices issued to NDTV founders Prannoy Roy and Radhika Roy in March 2016 over certain interest-free loans advanced by RRPR Holding, the promoter of NDTV.    A Division Bench of Justices Dinesh Mehta and Vinok Kumar also...

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Moneylife Digital Team 19 January 2026
Central bureau of investigation (CBI) has arrested Tapan Pramanik, a proclaimed offender in a long-pending chit fund fraud case in Tripura, ending a manhunt that stretched over more than a decade.   Mr Pramanik, a director of MPS Agro-Animal Projects Ltd, was arrested on 18 January 2026 in...

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Makar Sankranti, in the south of the country, particularly in Tamil Nadu, is the harbinger of a new solar month that is eagerly awaited to start new initiatives—a marriage in the family, buying a house, or starting a business.   Even the most sanguine in the finance ministry would not have...

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Makar Sankranti, in the south of the country, particularly in Tamil Nadu, is the harbinger of a new solar month that is eagerly awaited to start new initiatives—a marriage in the family, buying a house, or starting a business.   Even the most sanguine in the finance ministry would not have...

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Moneylife Digital Team 19 January 2026
The Kolkata zonal office of the directorate of enforcement (ED) has arrested Pratyush Kumar Sureka, a 40-year-old resident of the city, in connection with a major bank fraud case worth ₹2,672 crore involving Shree Ganesh Jewellery House (I) Ltd (SGJHIL).   Mr Sureka was arrested on 16th...

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Moneylife Digital Team 19 January 2026
The Kolkata zonal office of the directorate of enforcement (ED) has arrested Pratyush Kumar Sureka, a 40-year-old resident of the city, in connection with a major bank fraud case worth ₹2,672 crore involving Shree Ganesh Jewellery House (I) Ltd (SGJHIL).   Mr Sureka was arrested on 16th...

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Moneylife Digital Team 17 January 2026
In Q3FY25-26 Reliance Industries Limited (RIL) reported sales ₹2,64,905 crore up 10.38% year-on-year (y-o-y), driven by growth across digital services, oil-to-chemicals (O2C) and retail segments. Operating profit was ₹46,018 up 5.09% y-o-y. Operating profit margin (OPM) was 17.37% down 87bps...

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KBS Sidhu 17 January 2026
India’s Tiger Moment on Tax: Treaty Shopping Meets Its Limits   The Supreme Court has now unequivocally stated that treaty shopping cannot be a hedge against India’s sovereign right to tax gains arising from assets or businesses rooted in India. In the Tiger Global–Flipkart tax assessment...

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As the financial capital of Mumbai prepares for its upcoming municipal elections, the political discourse in Maharashtra is increasingly defined by a dual narrative. On the one hand, the ruling coalition is promoting a set of modern infrastructure achievements designed to improve the quality of...

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For a country facing multiple headwinds, India looks oddly relaxed. The stock market still hovers near record highs. Shopping malls are busy. Interest rates are stable. Car and bike sales are rising. High-end property sales are strong. To investors and policy-makers, this feels like smooth...

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