POPULAR


Sucheta Dalal Sucheta Dalal 04 February 2021
The Reserve Bank of India (RBI), hiding behind its role as India’s monetary authority, has escaped all external scrutiny and accountability regarding its second role—as regulator of banking and finance companies—which is marked by repeated failures. Until a few years ago, these failures were...

Read More



Moneylife Digital Team 16 July 2021
Fresh broker defaults continue and the industry is now seeing a record 28 defaults or expulsions since November 2019, just a little before the pandemic. In our article in December 2020, we reported that this was the highest number of broker defaults in the past 20 years. Until then, there...

Read More



Moneylife Digital Team 28 August 2021
Global companies looking to de-risk supply chains from China have changed the fortunes for many chemicals companies in India. One of the beneficiaries of this trend has been Deepak Nitrite Ltd (DNL), incorporated in 1970 by Chimanlal K Mehta. It started as a sodium nitrite and sodium nitrate...

Read More



Yogesh Sapkale Yogesh Sapkale 14 December 2020
While the common borrowers are struggling with repaying equated monthly instalments (EMIs) of their loans and also face harassment for missing a single EMI, big and wilful defaulters seem to not only go scot-free but also 'live life king-size' without any worry or fear of any action due to...

Read More



Moneylife Digital Team 13 January 2021
Laxmi Organic Industries (Laxmi) is a specialty chemicals manufacturer with a focus on manufacturing acetyl and other specialty intermediates. Its Rs800 crore IPO (initial public offer) will contain a fresh issue of shares worth Rs500 crore and sale of shares worth Rs300 crore by the...

Read More



Sucheta Dalal Sucheta Dalal 30 June 2021
On 25th June, Moneycontrol reported that the government may review the bankruptcy code as public sector banks (PSBs) have begun to accept haircuts as high as 94% to let off the biggest corporate defaulters. Well, it is long overdue. These ridiculous haircuts, or loan waivers, are over and...

Read More



Moneylife Digital Team 25 February 2022
In a day of fast-moving developments, the Central Bureau of Investigation (CBI) first arrested Anand Subramanian, former group operating officer of National Stock Exchange (NSE) and is now understood to have confirmed that he was, indeed, masquerading as the mysterious Himalayan yogi who was...

Read More



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...

Read More



Moneylife Digital Team 24 December 2020
On 16 December 2020, the beleaguered Videocon Industries Ltd (Videocon), in a regulatory filing, informed investors of an approval by its committee of creditors (CoC) of a resolution plan submitted by Twin Star Technologies Ltd. Twin Star Technologies is promoted by the family of billionaire...

Read More



Sucheta Dalal Sucheta Dalal 03 February 2022
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...

Read More



Catalyst Trusteeship, the debenture trustee for non-convertible bonds (NCDs) issued by two Srei group companies has sent an email to all NCD holders late last night. The mail is seeking the consent of debenture holders for voting (on their behalf) in favour of or against the ‘scheme of...

Read More



Moneylife Digital Team 24 November 2020
The National Stock Exchange (NSE) has expelled Karvy Stock Broking Ltd (KSBL) from its membership, while declaring the brokerage as defaulter.   In a circular, NSE says, "...the member has been expelled from the membership of the Exchange under Rules 1 and 2 of the NSEIL Rules and has...

Read More



Moneylife Digital Team 18 August 2021
In a path-breaking judgement the Gondia District Consumer Disputes Redressal Commission has directed the State Bank of India (SBI) to reverse the disputed transaction of Rs18.36 lakh into the customer's bank account.   The Commission even directed SBI to recover the money from the...

Read More



A new report by Edelweiss Securities says that fast moving consumer goods (FMCG) companies which have stepped up technology adoption in their sales, warehouse and inventory management, and distributor systems will enjoy improved efficiency and productivity in the long run.    While...

Read More



Debashis Basu Debashis Basu  and   Sucheta Dalal Sucheta Dalal 20 March 2021
GV Ramakrishna, second chairman of the Securities & Exchange Board of India (1990-1993), and by far the most effective one so far, passed away in Chennai this morning. He was 91.   GVR, as he was popularly called, has had an illustrious career in the Indian Administrative Service...

Read More



Moneylife Digital Team 08 January 2021
The Central goods and services tax (GST) department has been issuing show cause notices (SCNs) for FY2014-15 for difference in receipts as per service tax return and income tax (I-T) return in bulk without going into the legality and without fulfilling the mandate given by the law for issue...

Read More



Six months after Karvy Stock Broking Ltd (Karvy) was expelled by the National Stock Exchange (NSE) and declared a defaulter, there is almost no legal action against the firm by retail or institutional investors. This is because C Parthasarathy, its group chairman, has reached out to people...

Read More



Moneylife Digital Team 07 October 2021
The issues with the  new income-tax (I-T) website, handled by Infosys Ltd, do not seem to end the harassment and agony being faced by taxpayers and chartered accountants (CAs). The latest in the 'technical glitch' of the I-T website is sending notices to taxpayers under Section 143(1); these...

Read More



Ranganathan V Ranganathan V 01 October 2021
In the past few days, many media reports have celebrated the completion Deewan Housing Finance Ltd (DHFL) acquisition by the Piramal group under the bankruptcy process. DHFL was one of the most infamous candidates coming up for resolution under the Indian Bankruptcy Code (IBC), with the...

Read More



On 6 May 2021, Grant Thornton’s Project Icarus submitted the forensic audit of IL&FS Engineering and Construction Company Limited (IECCL), exposing more scandals and internal collusion to cover up wrongdoing and losses, going back almost a decade to 2011-12.    But the report also has...

Read More

Free Helpline
Legal Credit
Feedback