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Moneylife Digital Team 17 April 2026
The directorate of enforcement (ED) has arrested Amitabh Jhunjhunwala, a former senior executive of the Anil Dhirubhai Ambani group (ADAG), in connection with an ongoing money laundering investigation linked to an alleged banking fraud involving group entities such as Reliance Home Finance Ltd...

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Moneylife Digital Team 18 April 2026
A special Prevention of Money Laundering Act (PMLA) court in New Delhi on Wednesday granted directorate of enforcement (ED) five days of custodial remand of Amitabh Jhunjhunwala, former vice-chairman of Reliance Capital Ltd, and Amit Bapna, the company's former chief financial officer (CFO) and...

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Moneylife Digital Team 24 April 2026
The Maharashtra government’s move to examine imposing an electricity duty on rooftop solar and self-generated power has raised concerns among consumers and industry stakeholders, with experts warning that the proposal could significantly increase electricity costs and erode the financial...

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Barely 18 months after Ratan Tata’s death, the philanthropic entities that control two-thirds of India’s biggest business empire are once again in turmoil. On 4th April, Venu Srinivasan, chairman emeritus of TVS Motor and vice-chairman of multiple Tata charities, resigned from the Bai Hirabai...

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Moneylife Digital Team 22 April 2026
The economic offences wing (EOW) of the Delhi police has arrested Ashok Kumar Pal, chief financial officer (CFO) of Reliance Power Ltd, along with two others for allegedly using forged bank guarantees worth over ₹136 crore to secure a tender from the Solar Energy Corporation of India...

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The arrests of Amitabh Jhunjhunwala and Amit Bapna, two of Anil Ambani’s closest aides, mark the sharpest escalation yet in the multi-agency investigation into an alleged ₹40,000-crore banking fraud and money-laundering case. But do they also signal that the long-drawn probe into the...

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Serious questions continue to surround Bank of Maharashtra’s ₹1,161 crore Pune office lease, with allegations ranging from inflated carpet area and contractual violations to intimidation and post-lease irregularities, even as the Bank has not responded to detailed queries. The outflow of ₹1,161...

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Moneylife Digital Team 29 April 2026
In a landmark ruling, the Bombay High Court has held that insurance companies cannot reject hospitalisation claims simply because they are filed after the policy deadline — a decision that could reshape how health insurance claims are handled across India.   On 20 April 2026, a division bench...

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Moneylife Digital Team 23 April 2026
Industrialist Anil Ambani has written to Union finance minister Nirmala Sitharaman seeking a time-bound, structured settlement of outstanding bank dues, even as he faces ongoing investigations into alleged bank fraud involving more than ₹40,000 crore.   In a confidential letter dated 17 March...

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On a quiet Sunday afternoon, while most people were celebrating Akshaya Tritiya, a set of emails addressed to senior Tata trusts functionaries and the charity commissioner of Maharashtra, triggered a fresh escalation over trusteeship issues at the Tata trusts. The Tata trusts form India’s...

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Moneylife Digital Team 24 April 2026
Global research firm Bernstein has published an open letter to Indian prime minister (PM) Narendra Modi, laying out eight critical areas where the country must act decisively or risk falling into long-term economic dependence. The letter, authored by analysts Venugopal Garre and Nikhil Arela...

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Moneylife Digital Team 24 April 2026
Infosys has announced a strategic collaboration with OpenAI that will combine the artificial intelligence (AI) pioneer's models and products, including Codex, with Infosys Topaz Fabric, its enterprise AI services suite, to help clients modernise software development, automate workflows, and...

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Moneylife Digital Team 13 April 2026
Tata Consultancy Services (TCS) finds itself at the centre of a grave workplace misconduct controversy after eight women employees at its Nashik facility in Maharashtra came forward with allegations of sustained sexual harassment, mental abuse and attempted religious coercion spanning roughly...

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Moneylife Digital Team 14 April 2026
The Indian pharmaceuticals industry was valued at US$50bn (billion) in FY23-24, comprising US$23.5bn in domestic consumption and US$26.5bn in exports. Ranking third globally by volume and 14th by value, the sector employs approximately 926,000 people and generated total output of ₹4,56,246...

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In July 2024, months before Bank of Maharashtra (BoM) floated its public tender for office space, one of the men who would eventually sign the lease on behalf of the lessor entities sent a written message to his co-signatories — and to Vinod Gannu, an American investor with ownership stakes in...

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Moneylife Digital Team 24 April 2026
Transformer and Rectifier India Limited (TARIL), one of India's leading manufacturers of transformers rated up to the 1,200kV (kilovolt) class, reported a mixed set of results for Q4FY25-26, with top-line growth offset by margin compression and a notable shortfall against full-year guidance....

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Moneylife Digital Team 15 April 2026
Sanghvi Movers Limited is emerging as a direct proxy on India’s infrastructure push and the Middle East’s capital expenditure (capex) boom, as demand for heavy-lift equipment surges across sectors from railways to petrochemicals. The company’s latest quarterly update underscores a business...

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What began as a ₹350-crore fraud complaint, in the aftermath of the collapse of Infrastructure Leasing & Financial Services (IL&FS), has now morphed into a stunning story of how the allegation of fraud itself was a fabrication against a colluding party.   In January-February 2019, the Dalmia...

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Moneylife Digital Team 17 April 2026
The deadly boiler explosion at a Vedanta group power plant in Chhattisgarh, which claimed at least 20 lives, has triggered fresh scrutiny of the company’s environmental, social and governance (ESG) record, with an independent report alleging a pattern of safety lapses and operational...

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Shirish Shanbhag 23 April 2026
Cooperative housing society (CHS/the Society) members often face practical challenges that lie at the intersection of legal procedures and everyday governance. Whether it is updating ownership records after a registered transaction, accessing key documents held by the managing committee, or...

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