COMPANIES & SECTORS


Moneylife Digital Team 03 July 2026
India's health ministry proposed amendments to the Medical Devices Rules, 2017, to speed up licensing for manufacturers while preserving quality and safety standards. Medical devices are grouped into four risk-based categories—Class A, B, C and D—with Class D covering the highest-risk products....

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Moneylife Digital Team 03 July 2026
India is planning to invest between ₹20,000 crore and ₹25,000 crore over the next decade to modernise Gujarat's Alang ship recycling cluster, with the aim of increasing the country's share of the global ship recycling market from 35.4% to nearly 50%, according to a report by Mint.   The...

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SN Thyagarajan (Bar  and   Bench) 02 July 2026
The Supreme Court on Thursday set aside a National Company Law Tribunal (NCLT) judgment on Essel Infraprojects insolvency after finding that the tribunal had relied on non-existent, fake and hallucinated judgments/ precedents generated through artificial intelligence (AI) tools (Pooja Ramesh...

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Moneylife Digital Team 02 July 2026
National Spot Exchange Ltd (NSEL) has approached the Supreme Court challenging the Bombay High Court's 27 March 2026 judgement that refused to order a joint trial in two central bureau of investigation (CBI) cases arising from the alleged NSEL payment crisis, according to a report by...

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Moneylife Digital Team 01 July 2026
ArcelorMittal Nippon Steel India (AM/NS) has completed the final leg of the landmark Essar Steel insolvency resolution by paying ₹200 crore to a consortium of lenders led by State Bank of India (SBI) to acquire the personal guarantee claims against Essar group promoters Prashant Ruia and Ravi...

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Bar  and   Bench 01 July 2026
The National Company Law Appellate Tribunal (NCLAT) has upheld a key relief to former Jet Airways employees, ruling that their provident fund, pension and gratuity dues must be paid in full and kept outside the liquidation pool from which other creditors, including banks, will be paid. [State...

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Moneylife Digital Team 26 June 2026
Indian banks have grown more cautious in lending to micro, small and medium enterprises (MSMEs), with loan growth slowing to 12.7% year-on-year (y-o-y) in April 2026, down from 18%–20% in previous quarters. Active loan growth fell to just 2.5%, compared with 6%–9.4% earlier. Lending to the...

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Moneylife Digital Team 25 June 2026
Large Indian corporates have significantly strengthened their resilience to economic volatility over the past decade through strategies such as premiumisation, specialisation, modular capital expenditure (capex) and diversification, while small and medium enterprises (SMEs) continue to face...

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Moneylife Digital Team 24 June 2026
The directorate of enforcement (ED) has conducted searches at nine premises linked to Rajesh Exports Ltd (REL) in Bengaluru and Mumbai as part of an investigation into alleged violations of the Foreign Exchange Management Act (FEMA), 1999.   The searches, which began on 23 June 2026, covered...

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Moneylife Digital Team 24 June 2026
Bajaj Auto Ltd has disclosed that it was hit by a ransomware attack that affected the systems of the company and its wholly-owned subsidiary, Bajaj Auto Technology Ltd (BATL), making it the latest major Indian manufacturer to face a cybersecurity threat amid rising attacks on industrial and...

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Moneylife Digital Team 23 June 2026
Meta Platforms on 22 June 2026 announced an ₹8,550 crore (about US$900mn-million) investment in Indian financial technology (fin-tech) company CRED (Dreamplug Technologies Pvt Ltd), alongside the appointment of its founder Kunal Shah as the new global head of WhatsApp.   The investment grants...

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Prashant Jha (Bar  and   Bench) 23 June 2026
The Delhi High Court on Monday dismissed a petition filed by power distribution companies (Discoms) BSES Rajdhani Power and BSES Yamuna Power against the Delhi government notice proposing an audit by the Comptroller and Auditor General (CAG).   Justice Tejas Karia held that the June 6 notice...

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Moneylife Digital Team 23 June 2026
Tata Electronics Pvt Ltd has disclosed a cybersecurity incident after a ransomware-linked group allegedly published thousands of confidential files on the dark web, including documents purportedly linked to Apple and Tesla, according to a report by Reuters.   The news agency reported that...

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Moneylife Digital Team 22 June 2026
The National Housing Bank (NHB) has launched a formal investigation into Aavas Financiers, the mortgage lender backed by CVC Capital Partners (CVC), after preliminary inquiries revealed widespread loan-classification irregularities. A report from The Economic Times (ET) quoting from multiple...

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Moneylife Digital Team 19 June 2026
Investors in artificial intelligence (AI) are showing signs of fatigue for the first time since its rally began in May 2025, according to Elara Capital. Its Global Liquidity Tracker noted six consecutive weeks of redemptions from global emerging market (GEM) funds, with outflows touching a...

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Moneylife Digital Team 19 June 2026
Reliance Industries Ltd (RIL) chairman and managing director (CMD) Mukesh Ambani on Friday unveiled an ambitious long-term roadmap that will see the conglomerate transform all the crude oil it processes into high-value chemicals and advanced materials, while simultaneously building large...

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Moneylife Digital Team 19 June 2026
The Supreme Court on Friday agreed to examine a public interest litigation (PIL) seeking a court-monitored investigation into an alleged banking fraud involving more than ₹1,500 crore of public-sector bank funds, and the role of asset reconstruction companies (ARCs) in settling the debt at a...

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Moneylife Digital Team 17 June 2026
The BrihanMumbai Municipal Corporation's (BMC) decision to suspend water supply connections to construction sites and impose a series of conservation measures amid declining reservoir levels has raised concerns over potential disruptions to Mumbai's real estate sector. However, experts say the...

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SN Thyagarajan (Bar  and   Bench) 16 June 2026
The Supreme Court on Tuesday refused to interfere with Madras High Court orders against a law firm accused of receiving nearly ₹7 crore through its bank account from sale proceeds for an allegedly fraud-tainted land deal (Legal Attorneys and Barristers v. Phoenix ARC).   A Bench of Chief...

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Moneylife Digital Team 16 June 2026
Tata Consultancy Services (TCS) will recognise an additional US$70mn (million) as a one-time exceptional expense in Q1FY26-27 after the US Supreme Court declined to review a lower court ruling in its long-running legal dispute with Computer Sciences Corporation (CSC), now part of DXC...

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