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We have all got used to using WhatsApp Web on our computers – it is such a breeze to handle! WhatsApp Web Plus extension for Chrome enhances the utility of WhatsApp Web dramatically. Once installed and running, the WA Web Plus extension allows you to add more tools and options for WhatsApp...

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Canara Bank, the country's fourth-largest public sector bank (PSB), continues to write off bad loans of big defaulters who have borrowed Rs100 crore and more. At the same time, the Bank refuses to share names of these big defaulters under the Right to Information (RTI) Act, again wrongly...

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Moneylife Digital Team 17 February 2022
The income tax (I-T) department has conducted searches at the Mumbai residence of Chitra Ramakrishna, former managing director (MD) and chief executive officer (CEO) of the National Stock Exchange (NSE) and the ‘mysterious’ Anand Subramanian (Subbu), who was appointed and promoted as group...

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The Canadian Border Security Agency (CBSA) has issued deportation notices to over 700 Indian students whose admission offer letters to educational institutions were found to be fake.   Talking to indianarrative.com on phone from Toronto, Chaman Singh Batth said that after passing +2,...

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S Nag 24 February 2022
The ongoing fiasco at the National Stock Exchange (NSE) is testimony to the blatant disregard of sound corporate governance practices in institutions, which are allowed to function as closed entities, despite being instrumental in decisions and actions that have immense national as well as...

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Moneylife Digital Team 31 March 2023
Updated at 12.50pm on 29 March 2023 to add NPCI's statement   The National Payments Corporation of India (NPCI) has suggested unified payments interface (UPI) transactions made via prepaid instruments like wallets, or cards should carry an interchange fee of 0.5% to 1.1% for...

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Moneylife Digital Team 14 January 2022
The shares of Sintex Industries Ltd  (Sintex) are lower circuit from 11 January 2022 onwards after a report from The Economic Times mentioned that Reliance Industries Ltd (RIL) and Welspun have emerged as the top-2 contenders with conditional bids to acquire the bankrupt...

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Moneylife Digital Team 11 January 2022
State-run Punjab National Bank (PNB) has decided to hike the minimum quarterly average balance (QAB) to Rs10,000 in the four metro cities of Delhi, Mumbai, Kolkata, Chennai. The public sector bank (PSB) has also decided to increase charges for various services by up to 50% from 15 January...

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State Bank of India (SBI) has again refused to share the names of borrowers who owe Rs100 crore or more, even with its shareholder. Over the past nine years, from FY13-14 up to FY21-22, SBI has written off bad loans of over Rs145,248 crore of big defaulters, while recovering just over 13%...

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Maya M 12 August 2022
The Union government has clarified on the new goods and services tax rules (GST) on rent, which came into effect from 18th July. In a tweet, press information bureau (PIB) said that “renting of residential unit taxable only when it is rented to business entity." It further clarified that “no...

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Moneylife Digital Team / IANS 29 December 2021
The Union government has notified the Consumer Protection Rules, 2021, and asked the direct selling companies to comply with these rules within 90 days.   According to the ministry of consumer affairs, food and public distribution, the new rules will be applicable to all goods and...

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Moneylife Digital Team 21 March 2022
While the committee of creditors (CoC) of Sintex Industries Ltd (Sintex) has approved the joint bid of Reliance Industries Ltd (RIL) and Assets Care & Reconstruction Enterprise (ACRE) to acquire the debt-ridden textiles company under the insolvency resolution process (IRP), dozens of...

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Moneylife Digital Team 04 June 2022
Vardhaman Global Sharecom Pvt Ltd has written a letter to market regulator Securities and Exchange Board of India (SEBI), the National Stock Exchange (NSE) and NSE Clearing Ltd to ‘look into’ a punching error (called fat finger trade in trade lingo), which could have caused a loss of Rs200...

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Advait Tamhankar (The Leaflet) 03 February 2022
As dealt with in the previous article, when an attempt is made for lodging an FIR [first information report] under Sections 154 or 155 of the Code of Criminal Procedure [CrPC], the police may simply register an FIR if an offence of cognizable nature is disclosed. In the event the police...

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KPMG India settled a proceeding before the US Public Company Accounting Oversight Board (PCAOB) on 6 December 2022; but there is barely any coverage by the Indian media. PCAOB, which audits public companies, censured KPMG Assurance and Consulting Services LLP (KPMG India) and the engagement...

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The pandemic has been a flourishing time for the brokerage business. India’s investor population nearly doubled, as people from the age of 9 years to 90 years turned into traders after a quick online class. Brokers used this boom during the lock-down to lure and loot people with well-laid...

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India has become a laughing stock, as the global media laps up reports of how a ‘Himalayan Yogi’ was the puppet master dictating the actions of Chitra Ramkrishna, celebrated managing director (MD) and chief executive officer (CEO) of the National Stock Exchange (NSE) who resigned abruptly in...

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Instead of providing ease of life, technology is becoming a disruptor and throwing more challenges at ordinary people every day. Uninterrupted electricity supply is crucial to all our lives today. So, fraudsters have found this a perfect weakness to exploit by threatening a power cut on the...

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Just when it seemed that the Piramal group was home and dry after bagging Dewan Housing Finance Ltd (DHFL) and its vast realty assets for just Rs38,000 crore, there is now a twist in the sale of what was already considered a sweetheart deal for the acquirer.    On 27th January, 63...

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The audited annual report of ‘The Complete Man’, for the year ended 31 March 2022, is a treat to read and relish… if one is not a shareholder of the wool-spinner—Raymond Ltd.   The stand-alone accounts have been debited an exceptional loss of Rs907 crore pertaining to different...

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