COMPANIES & SECTORS


Moneylife Digital Team 13 December 2024
IPO: Rs1.5 Lakh Crore Planned To Be Raised from the Market in 2025   Corporates plan to raise over Rs1.5 lakh crore in 2025 through initial public offerings (IPOs). So far, 34 companies have received approval from the Securities and Exchange Board of India (SEBI) to launch IPOs worth Rs41,462...

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Moneylife Digital Team 12 December 2024
In a move to provide huge relief to thousands of home-buyers, the national company law appellate tribunal (NCLAT) on Thursday appointed the State-run NBCC (India) Ltd, formerly known as National Buildings Construction Corporation Ltd, as project management consultant (PMC) to complete Supertech...

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Moneylife Digital Team 10 December 2024
The Reserve Bank of India (RBI) has approved the Burman family's open offer for Religare Enterprises Ltd (REL). In a regulatory filing, REL says it received a letter dated 9 December 2024 from RBI conveying the central bank's approval for the proposed increase in shareholding by existing...

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SN Thyagarajan (Bar  and   Bench) 10 December 2024
The National Company Law Tribunal (NCLT) on Monday issued notice to former Unitech directors Ajay Chandra and Ramesh Chandra in personal insolvency petitions filed by IDBI Bank in connection with an outstanding loan of a Unitech subsidiary (IDBI Bank v. Ajay Chandra, Ramesh Chandra).   A...

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Ummar Jamal (Bar  and   Bench) 10 December 2024
The District Consumer Disputes Redressal Commission (Commission) in Delhi's Central District found Emami found Emami (opposite party/ OP) guilty of unfair trade practices and misleading advertisements related to its "Fair and Handsome" fairness cream.   The coram of President lnder Jeet Singh...

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Moneylife Digital Team 09 December 2024
Despite subdued marriage season sales, the spillover of festive buying from October helped two-wheeler (2W) registrations reach an all-time high in November. However, weak market sentiment, limited new launches and the early festive push in October dampened performance for the passenger vehicle...

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Moneylife Digital Team 06 December 2024
RBI Holds Rates Steady The Reserve Bank of India (RBI) kept its key interest rate unchanged at 6.50% and lowered its economic growth forecast for FY24-25 to 6.6%, down from 7.2%. RBI also reduced the cash reserve ratio (CRR) for banks to 4% from 4.5%, aiming to ease liquidity as economic...

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SN Thyagarajan (Bar  and   Bench) 03 December 2024
India’s largest airline IndiGo has filed a suit before the Delhi High Court for infringement of trademark against Mahindra Electric Automobile Limited for using ‘6E’ in its new car called Mahindra BE 6E, which is expected to be released in February 2025 (Interglobe Aviation Vs Mahindra Electric...

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Moneylife Digital Team 03 December 2024
After clocking about 14% last fiscal year, revenue of the automotive components sector is expected to slow to 6%-8% this fiscal year and the next, due to the decelerating demand for new vehicles, barring two-wheelers, according to a research note.   In the report, CRISIL Ratings says that...

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Amid the uproar surrounding the indictments and arrest warrants in the sprawling Adani bribery scandal, the glaring silence of a central player—Solar Energy Corporation of India (SECI)—stands out.   The policies of SECI, a Central public sector undertaking (PSU) are at the heart of the...

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A sullen central excise inspector was/ is more disruptive to a business than a power outage or transporters' strike!   Reference to a central excise inspector is merely symbolic and annotative. The expression shall encompass similar government functionaries who have power over a business and...

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Moneylife Digital Team 29 November 2024
IPO Boom Continues  India's primary market is gearing up for an active December, with 10 companies aiming to collectively raise Rs20,000 crore. The offerings span sectors such as retail, financial services, healthcare and diagnostics, reflecting a diverse and vibrant market. Among the majors...

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Moneylife Digital Team 27 November 2024
Addressing criticism about the role of renewable energy (RE) projects, the State-run Solar Energy Corporation of India (SECI) says the bidders can reduce tariffs voluntarily after the bidding. This is the first time after its tendered project has become a bone of contention in the Adani bribe...

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Moneylife Digital Team 27 November 2024
Shares of all Adani group companies rallied on Wednesday, with Adani Power Ltd and Adani Total Gas Ltd gaining 20%, thus bouncing back from the previous day, after a statement by Adani Green Energy Ltd (AGEL). In the regulatory filing, AEGL stated that its directors, Gautam Adani, Sagar Adani...

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Moneylife Digital Team 27 November 2024
While affirming the ratings of seven companies from the Adani group, Moody's Ratings changed the outlook on all seven issuers to negative from stable. The Adani group issuers affected by the change are: Adani Green Energy Ltd restricted group (AGEL RG-1), Adani Green Energy Ltd restricted group...

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Moneylife Digital Team 25 November 2024
The US Securities and Exchange Commission (SEC) has summoned Gautam Adani and his nephew Sagar Adani, alleging their involvement in a US$265mn (million) bribery scheme. The case accuses the Adani executives of using bribes to secure contracts for the 'manufacturing linked projects,' pivotal to...

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Azera Parveen Rahman (IndiaSpend) 25 November 2024
The last quarter of each year is chock-full of festivals—which, traditionally, is when Indians shop for new clothes, spurred on by myriad sales and big discounts.   The textile industry is a vital sector of the Indian economy, contributing 2.3% of the gross domestic product (GDP), 13% of...

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Moneylife Digital Team 22 November 2024
Soon after the US Securities and Exchange Commission (SEC) and the attorney's office for the eastern district of New York filed civil and criminal charges against Gautam Adani, his nephew Sagar Adani, and other executives of the Adani group, Kenya decided to cancel airport and energy deals...

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Moneylife Digital Team 22 November 2024
The US Securities and Exchange Commission (SEC) charged Gautam Adani and his nephew Sagar Adani and other executives of the Adani group of a massive bribery scheme. An SEC press release says that the two “were engaged in the bribery scheme during a September 2021 note offering by Adani Green...

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Moneylife Digital Team 22 November 2024
US Indicts Adani for Bribery  The Adani group, one of India's largest conglomerates, and close to the prime minister Narendra Modi, is facing fresh criminal accusations from US authorities. On 20th November, federal prosecutors in New York filed a 54-page indictment against Gautam Adani, the...

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