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Moneylife Digital Team 10 July 2024
India holds a prominent position as a major global producer and exporter of agrochemicals. It is the second-largest producer, following USA, Japan and China. Additionally, India is a net exporter of agrochemicals and ranks as the 13th largest exporter of pesticides worldwide. However, per...

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Satyendra Wankhade (Bar  and   Bench) 10 July 2024
The Bombay High Court on Monday directed Patanjali Ayurved to deposit Rs50 lakh for violating an ad-interim order restraining the company from selling its camphor products. (Mangalam Organics Ltd v. Patanjali Ayurved Ltd and Ors).   Justice RI Chagla observed that Patanjali had itself...

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Moneylife Digital Team 10 July 2024
In a big relief to farmers from Khandwa district in Madhya Pradesh (MP), the national consumer disputes redressal commission (NCDRC) held Bank of Baroda (BoB) and Agriculture Insurance Company of India Ltd responsible for furnishing inaccurate information and not taking timely action to...

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Debayan Roy (Bar  and   Bench) 10 July 2024
The Supreme Court on Wednesday held as maintainable the West Bengal government's suit alleging misuse of the Central Bureau of Investigation (CBI) by the Central government (State of West Bengal v. Union of India).   A Bench of Justices BR Gavai and Sandeep Mehta said the State's plaint...

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Moneylife Digital Team 10 July 2024
Securities and Exchange Board of India (SEBI) has introduced new guidelines to address the challenges faced by alternative investment funds (AIFs) during their dissolution and liquidation periods. These guidelines will provide clarity and structure to the processes, ensuring better management...

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Anadi Tewari (Bar  and   Bench) 10 July 2024
The Supreme Court on Wednesday ruled that a divorced Muslim woman can file a claim for maintenance under Section 125 of the Criminal Procedure Code (CrPC) against her former husband (Mohd Abdul Samad vs State of Telangana and anr).   A bench of Justices BV Nagarathna and Justice Augustine...

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Moneylife Digital Team 09 July 2024
The Securities and Exchange Board of India (SEBI) is taking steps to address the growing concern of excessive speculation in the derivatives market, driven by high retail participation in recent years. Last month, SEBI appointed an expert working committee to tackle this issue and the panel has...

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Moneylife Digital Team 09 July 2024
The national financial reporting authority (NFRA) has imposed a Rs7 lakh penalty on two chartered accountants (CAs) and one audit firm while barring both the CAs and another audit firm for two years from taking any audit assignment due to gross negligence and lack of due diligence while...

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Moneylife Digital Team 09 July 2024
The Securities and Exchange Board of India (SEBI) has recently concluded settlement agreements with two mutual funds over alleged regulatory infractions: SBICAP Trustee Company Ltd and Groww Asset Management Ltd.   SBICAP Trustee Company, a subsidiary of SBI Capital Markets Ltd, faced...

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Moneylife Digital Team 09 July 2024
India’s vast population provides significant headroom for growth for healthcare companies. It has one of the lowest hospital bed densities in the world, coupled with very little spend on healthcare as a percentage of GDP (gross domestic product). Per capita hospital beds per 10,000 in India is...

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Moneylife Digital Team 09 July 2024
Microfinance Industry Network (MFIN), an industry association and self-regulatory organisation (SRO) for micro-finance, says micro-credit indebtedness for every borrower should be limited to Rs2 lakh with just a maximum of four lenders providing the loan. The decision will help reduce...

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Moneylife Digital Team 09 July 2024
Market regulator Securities and Exchange Board of India (SEBI) announced new measures to streamline the prudential norms applicable to investments by passively managed mutual fund (MF) schemes in the group companies of their sponsors.    According to the new prudential norms notified by SEBI,...

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Abhimanyu Hazarika (Bar  and   Bench) 09 July 2024
Bail conditions enabling investigating agencies to constantly track the whereabouts of an accused are arbitrary and unlawful, the Supreme Court held on Monday (Frank Vitus v. Narcotics Control Bureau and Ors).   A Bench of Justices Abhay S Oka and Ujjal Bhuyan held so in a judgment where it...

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Anadi Tewari  and   Debayan Roy (Bar  and   Bench) 09 July 2024
While seeking the waiver of costs imposed on him by the Supreme Court for filing frivolous Public Interest Litigation (PILs), a lawyer on Tuesday claimed that he had filed several petitions in support of former Chief Justice of India (CJI) Dipak Misra when he was facing allegations in...

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Moneylife Digital Team 09 July 2024
Life in Mumbai, which was thrown out of gear due to heavy rains on Monday, is now returning to normal with subsiding rains. The heavy pounding between Sunday night and Monday morning had thrown flights, railways and road traffic into chaos, stranding lakhs of commuters and leading to closure of...

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Moneylife Digital Team 09 July 2024
On Tuesday, 2011 stocks advanced, 1922 declined and 93 remained unchanged, on the Bombay Stock Exchange (BSE) with an advance decline ratio of 1.04, indicating positive closing of stocks in broader markets. The trend of the major indices on Tuesday’s trading is given in the table below.   

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Moneylife Digital Team 08 July 2024
The Supreme Court has initiated a suo moto writ petition over large sums of money lying deposited in motor accident claims tribunals (MACT) and labour courts without being given to the beneficiaries, says a report.   According to a report from LiveLaw, a bench of justice Abhay Oka and justice...

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Debayan Roy (Bar  and   Bench) 08 July 2024
The Supreme Court Monday remarked that there was a need for bringing uniformity in the builder-buyer agreements as property buyers were being defrauded by the builders across India (Ashwini Kumar Upadhyay v. Union of India).   A Bench of Chief Justice of India DY Chandrachud, Justice JB...

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Debayan Roy (Bar  and   Bench) 08 July 2024
There is no doubt that the National Eligibility cum Entrance Test (Undergraduate) exam (NEET ) held on May 5 was compromised by question paper leak, the Supreme Court said on Monday.   However, the Bench of Chief Justice of India (CJI) DY Chandrachud and Justices JB Pardiwala and Manoj Misra...

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Moneylife Digital Team 08 July 2024
On Monday, 1798 stocks advanced, 2261 declined and 110 remained unchanged, with an advance decline ratio of 0.79 on the Bombay Stock Exchange (BSE), indicating a negative closing of stocks. The trend of the major indices on Monday’s trading is given in the table below.     On NSE, 250...

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