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Moneylife Digital Team 12 May 2026
On Sunday, 10 May, Prime Minister (PM) Narendra Modi, speaking at a political rally in Hyderabad asked citizens to stop buying gold for a year. He also asked them to work from home; cancel foreign vacations and carpool to work.   It has been a while since any PM has made such public appeals to...

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Moneylife Digital Team 12 May 2026
On Tuesday, 869 stocks advanced, 3,412 declined and 141 remained unchanged on Bombay Stock Exchange with advance decline ratio of 0.25 indicating a negative closing. The trend of the major indices on Tuesday’s trading is given in the table below.      On NSE, 69 securities advanced and...

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Moneylife Digital Team 12 May 2026
Market regulator Securities and Exchange Board of India (SEBI) has imposed a total penalty of ₹50 lakh on Future Retail Ltd’s (FRL) former promoter Kishore Biyani, his brother Rakesh Biyani and former chief financial officer (CFO) CP Toshniwal for violations related to disclosure lapses and...

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Moneylife Digital Team 12 May 2026
To combat cyber-enabled financial frauds, the Union government on Tuesday announced a major technology-driven initiative with the Indian cybercrime coordination centre (I4C) under the ministry of home affairs (MHA), signing a memorandum of understanding (MoU) with the Reserve Bank Innovation...

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Moneylife Digital Team 12 May 2026
The National Testing Agency (NTA) on Tuesday announced the cancellation of the National Eligibility cum Entrance Test undergraduate (NEET-UG) 2026 examination conducted on 3 May 2026. It says the medical entrance test will be re-conducted following inputs shared by central agencies and law...

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Moneylife Digital Team 12 May 2026
The Indian government has rationalised royalty rates and calculation methodologies for crude oil, natural gas and casing head condensate in a major policy move aimed at boosting domestic exploration and production while creating a more predictable regulatory framework for investors.   Under...

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Debayan Roy (Bar  and   Bench) 12 May 2026
Chief Justice of India (CJI) Surya Kant has constituted a Judicial Infrastructure Advisory Committee to map the infrastructural requirements of courts across India and make a case for a government allocation of ₹40,000 to ₹50,000 crore for judiciary.   The committee has been tasked to prepare...

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Moneylife Digital Team 12 May 2026
Prime minister (PM) Narendra Modi on Monday made a fresh appeal for austerity and conservation measures amid escalating tensions in West Asia, urging citizens to reduce fuel consumption, avoid unnecessary imports and postpone discretionary spending such as gold purchases and foreign travel. The...

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Moneylife Digital Team 12 May 2026
BofA Securities India Ltd has paid ₹58.50 lakh to settle adjudication proceedings initiated by market regulator Securities and Exchange Board of India (SEBI) in a case involving alleged violations of insider trading and merchant banker regulations. The settlement was reached without the company...

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Moneylife Digital Team 12 May 2026
Indegene Limited (Indegene) is a digital-focused commercialisation services-provider to the life sciences industry, working with bio-pharmaceuticals, biotech and medical devices companies. Its mandate spans analytics, technology and operational support across commercial, medical, regulatory and...

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In India, litigation goes on forever. And, even when the main accused is no more, other enablers, collaborators and foot soldiers remain entangled in the slow grind of the legal system for decades.    On 7th May, a judgement by a special SEBI (Securities and Exchange Board of India) court in...

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Moneylife Digital Team 11 May 2026
On Monday, 1,457 stocks advanced, 2,892 declined and 201 remained unchanged on National Stock Exchange with advance decline ratio of 0.50 indicating a negative closing. The trend of the major indices on Monday’s trading is given in the table below.       On NSE, 133 securities advanced and...

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Debayan Roy (Bar  and   Bench) 11 May 2026
In a significant order augmenting the rights of undertrial prisoners, the Supreme Court on Monday issued a series of directions aimed at ensuring faster disposal of bail petitions pending before High Courts across the country (Sunny Chauhan v State of Haryana).   A Bench comprising of Chief...

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Moneylife Digital Team 11 May 2026
Chief justice of India Surya Kant on Monday announced the launch of a major digital initiative to integrate judicial data across courts nationwide and improve public access to court-related services through technology-driven systems.   Making the announcement at the outset of the day’s...

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Moneylife Digital Team 11 May 2026
More than five years after Parliament cleared the legislation, the Union government has fully operationalised the four Labour Codes by notifying the long-awaited rules, paving the way for the implementation of a new labour law framework replacing 29 existing laws governing wages, social...

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Moneylife Digital Team 11 May 2026
Nearly three decades after investigations into the alleged manipulation of shares of BPL Ltd, Videocon International Ltd and Sterlite Industries Ltd shook India’s stock market, a special court under the Securities and Exchange Board of India (SEBI) Act has convicted six companies, part of the...

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The appointment of independent directors (IDs) has its quota of practices that push the envelope.   Cases that stretch, if not breach, the spirit of corporate governance have been discussed in this column. The issues are recapitulated in brief.   A direct subversion of the concept of...

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Moneylife Digital Team 11 May 2026
Shares of major jewellery companies took a sharp beating on Monday after prime minister (PM) Narendra Modi, addressing a public gathering at the Parade Grounds in Hyderabad on Sunday, called on Indians to refrain from purchasing gold for at least one year. The appeal, framed as a national...

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Moneylife Digital Team 11 May 2026
Reserve Bank of India (RBI) has imposed penalties totalling ₹33.60 lakh on Yes Bank Ltd and Hinduja Housing Finance Ltd, a housing finance company (HFC), for non-compliance with directions issued by the banking regulator. The highest penalty of ₹31.80 lakh was imposed on Yes Bank. Hinduja...

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Moneylife Digital Team 11 May 2026
Emphasising the need to shield India from the adverse impact of the escalating conflict in West Asia, prime minister (PM) Narendra Modi on Sunday urged citizens to adopt restraint in fuel consumption, postpone non-essential foreign travel and gold purchases and revive COVID-era efficiency...

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