COMPANIES & SECTORS


Moneylife Digital Team 16 June 2026
A special court dealing with cases under the Prevention of Money Laundering Act (PMLA) has taken cognisance of a prosecution complaint filed by the directorate of enforcement (ED) against former Reliance Communications Ltd (RCom) executive director Puneet Garg and another accused in connection...

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Moneylife Digital Team 15 June 2026
India's automobile industry recorded its strongest-ever performance for the month of May, with passenger vehicles (PVs), two-wheelers (2Ws) and three-wheelers (3Ws) posting record sales amid robust consumer demand, lower goods and services tax (GST) rates and easier financing...

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Moneylife Digital Team 15 June 2026
Union minister for coal and mines G Kishan Reddy has written to Telangana chief minister (CM) A Revanth Reddy seeking an urgent inquiry into media reports alleging that about 4mn (million) tonnes of coal, valued at around ₹1,600 crore, have gone missing from The Singareni Collieries Company Ltd...

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Vijay Jadhav (IndiaSpend) 15 June 2026
Indian factories routinely flout occupational health and safety rules, even as inspections remain scant, and overworked, underpaid workers operate faulty machinery leading to accidents and injuries, many of which are not counted in official statistics, a new report shows.   For instance,...

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Moneylife Digital Team 12 June 2026
India's government approved a ₹10,000 crore price stabilisation fund (PSF) for aviation turbine fuel, fixing rates at ₹115/litre for domestic and international flights after global jet fuel prices surged from US$99.40/barrel in February to US$181.22/barrel by 1st May driven by the Strait of...

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Moneylife Digital Team 12 June 2026
In a significant relief to hospitality technology firm OYO Hotels and Homes Pvt Ltd (OYO), the Delhi bench of the income tax appellate tribunal (ITAT) has deleted a tax addition of ₹3,885.51 crore made under the Income Tax Act's angel tax provisions in relation to share premium received from...

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Bar  and   Bench 12 June 2026
The Mumbai Bench of the National Company Law Tribunal (NCLT) on Thursday admitted a plea filed by State Bank of India (SBI) to initiate personal insolvency proceedings against Reliance Group Chairman Anil Ambani.   A Bench of Judicial Member Sushil Mahadeorao Kochey and Technical Member...

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It is rather surprising that the wholesale removal of the independent directors of a listed entity failed to grab due attention in the financial media. The company is no non-entity, either.   And, when such a development is an offshoot of a squabble in a business family, the only reason that...

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Moneylife Digital Team 11 June 2026
India's electric passenger vehicle market is entering a phase of accelerated growth, with electric four-wheeler (E4W) sales expected to more than double by next fiscal as improving economics, longer driving ranges and a wider choice of models drive consumer adoption, says a report from CRISIL...

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Bar  and   Bench 10 June 2026
The Bombay High Court dismissed a clutch of pleas filed by developers, including L&T Asian Realty Project LLP and an Adani group-linked company, against a suit on slum development fraud (L&T Asian Realty Project LLP & Ors v. State of Maharashtra & Ors.). Justice Gauri Godse rejected four...

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Bar  and   Bench 09 June 2026
The Bombay High Court on Tuesday refused to pass any interim order restraining HDFC Bank and its top executives from making statements alleged to be defamatory by the Lilavati Kirtilal Mehta Trust (Lilavati Kirtilal Mehta Trust v. HDFC Bank).   The Lilavati Trust and trustee Prashant Mehta...

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Moneylife Digital Team 09 June 2026
Eight workers were killed and six others suffered critical burn injuries after a ladle carrying molten steel exploded at Rashtriya Ispat Nigam Ltd's (RINL) Visakhapatnam Steel Plant on Monday evening, in what trade unions described as the facility's worst industrial accident in more than a...

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Bar  and   Bench 09 June 2026
The Bombay High Court on Monday struck down the Central government’s decision to retrospectively levy a one-time spectrum charge on Bharti Airtel and Vodafone Idea for spectrum held above 6.2 MHz between July 1, 2008 and December 31, 2012. (Bharti Airtel, Vodafone Idea v. Union of India &...

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Moneylife Digital Team 08 June 2026
Reliance Industries Ltd (RIL) has divested its entire stake in Reliance Projects & Property Management Services Ltd (RPPMSL) for ₹274 crore through its step-down subsidiary, Reliance Retail Ltd (RRL). The transaction, disclosed to stock exchanges on 13 April 2026, involved the transfer of RRL’s...

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Moneylife Digital Team 08 June 2026
A sharp rise in jet fuel prices triggered by the ongoing conflict in the Middle East is set to slash global airline profitability by nearly half in 2026, forcing carriers worldwide to absorb soaring operating costs, raise fares and reconsider growth plans, according to the latest outlook from...

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Moneylife Digital Team 08 June 2026
Three narrow-body aircraft of Air India parked at Terminal 2 of Delhi’s Indira Gandhi International Airport (IGIA) were damaged after ground-support equipment was blown from its position by strong winds and heavy rain, prompting authorities to launch an investigation into the...

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Moneylife Digital Team 05 June 2026
High-value term deposits of ₹5 crore and above now account for over a third of total term deposit accounts at Indian scheduled commercial banks, reflecting a structural shift, driven by elevated interest rates and intense competition for retail deposits. Deposits of ₹1 crore and above...

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SN Thyagarajan (Bar  and   Bench) 05 June 2026
The Madras High Court on June 2 upheld tax demands against Vedanta Limited, successor-in-interest to Cairn India Limited, over payments made to its non-resident parent company in connection with oil exploration operations (Vedanta Vs ACIT).   A Division Bench of Justices G Jayachandran and R...

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Moneylife Digital Team 04 June 2026
The Union Cabinet has approved a one-time budgetary support package of up to ₹10,000 crore for oil marketing companies (OMCs) to help stabilise aviation turbine fuel (ATF) prices for scheduled Indian airlines facing unprecedented fuel price volatility triggered by the ongoing West Asia...

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Moneylife Digital Team 03 June 2026
Recovery rates under the Insolvency and Bankruptcy Code (IBC) declined sharply to 23% of admitted claims in FY25-26, while lenders were forced to accept average haircuts of 68%, underscoring persistent challenges in India's insolvency resolution framework despite a decade of implementation,...

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