POPULAR


Moneylife Digital Team 07 May 2022
Update: 6 May 2022 15.50 hrs to include a response from Axis MF   Axis Mutual Fund (MF) has removed its head trader Viresh Joshi as fund manager from five schemes. Similarly, Deepak Agarwal, the assistant fund manager for equity at Axis MF, is no longer part of schemes like Axis...

Read More



Updated at 7pm on 1 March 2023 to add response from Mr Gupta's PR agency... We take great pride in the fact that many successful Indians are occupying corner offices at the world’s largest and most powerful corporate houses and every action of theirs makes news in India. The flip side is...

Read More



Moneylife Digital Team 21 July 2023
Upholding the orders passed by the district and state commissions, the national consumer disputes redressal commission (NCDRC) has directed HDFC Bank Ltd to pay Rs30,000 compensation and Rs5,000 litigation cost for creating two fixed deposits (FDs), while ignoring the customer's request to...

Read More



Moneylife Digital Team 16 September 2022
Syndicate Bank was one of the country's oldest and major commercial banks in which the Union government held nearly 85% stake. Syndicate Bank has now been merged with Canara Bank, another public sector bank (PSB).   However, Syndicate Bank's risk assessment and inspection reports from...

Read More



Moneylife Digital Team 29 September 2022
Oracle Corporation paid a bribe of more than US$400,000 to officials from a company owned by the Indian ministry of railways in 2019, during the tenure of Union minister Piyush Goyal. This explosive detail is part of the settlement negotiated by Oracle with US Securities and Exchange...

Read More



Moneylife Digital Team 05 August 2022
Nearly 130mn (million) investors have investments of over Rs1.12 lakh crore 'stuck' in six companies of the Sahara group. Market regulator Securities and Exchange Board of India (SEBI) has been facilitating the repayment of principal and interest to the investors who invested in...

Read More



The past two years after global lock-downs were triggered by the COVID-19 pandemic, India's investor population has almost doubled due to the rush of new investors. Strangely, however, the brokerage business is seeing a huge churn with scores of broker defaults and even more trading members...

Read More



The Supreme Court (SC) hearing on Adani-Hindenburg investigation took a tantalising turn when it ended up embarrassing the finance ministry, to which Securities and Exchange Board of India (SEBI) reports.   On 15th May, SEBI claimed in Court ‘allegations’ that it has been...

Read More



Amway India is in trouble again. The global direct-selling company, which Wikipedia refers to as a multi-level marketing (MLM) company, had Rs757.77 crore of its Indian assets attached on 18th April by the enforcement directorate (ED) which investigates economic crime and money laundering. ED...

Read More



Moneylife Digital Team 21 June 2023
The Ajay Piramal-led Piramal Enterprises Ltd has sold its entire 8.34% stake in Shriram Finance Limited to third-party investors in a bulk deal, reportedly priced at Rs1,483 per share. This follows a day after US private equity TPG sold its entire 2.65% stake in Shriram Finance.    In...

Read More



Moneylife Digital Team 15 June 2022
The Central Board of Direct Taxes (CBDT) has notified the cost inflation index (CII) for financial year (FY) 2023 through a notification on 14 June 2022. The CII for FY23 relevant to assessment year (AY) 2023-24 is 331.    This notification will take effect on 1 April 2023 and will...

Read More



On 8 March 2022, the enforcement directorate (ED) at Hyderabad issued a provisional attachment order under the Prevention of Money Laundering Act (PMLA) against C Parthasarathy, founder of the Karvy group of entities, his sons Adiraj Parthasarathy and Rajat Parthasarathy, and the following...

Read More



Dr Nita Mukherjee 09 April 2022
Small amounts clearly add up to a lot for the banking system leading to a policy of denying part of the interest benefit of investors. While investor organisations advise people to make it a point to deposit their public provident fund (PPF) contribution before the 5th of April, in order to...

Read More



The withdrawal of a press release warning people about the possible misuse of Aadhaar data, after it went viral on social media, has only added to public anxiety and confusion rather than clarified matters. Here’s what happened.   On 27th May, the regional office of the Unique...

Read More



Moneylife Digital Team 19 July 2022
The Indian government holds just a 57.6% stake in the country's largest lender State Bank of India (SBI), and the highest 98.25% stake in Punjab & Sind Bank as of March 2022, the Rajya Sabha was informed. Ten years ago, the government's stake in SBI was 61.58%, which has come down to 57.59%...

Read More



Moneylife Digital Team 18 February 2023
Vinod Adani, the longtime Indian ex-pat, is at the heart of the Adani group's global web of subsidiaries and offshore shareholders, but just do not call him a related party, says a report from Forbes. The report says Gautam Adani, the 60-year-old Indian billionaire and chairman of the...

Read More



Moneylife Digital Team 08 August 2023
Maharashtra will become the first state in the country to have mandatory insurance coverage for shops and establishments registrations. According to a report, the Maharashtra government's labour department has issued draft notification to add insurance in Maharashtra Shops & Establishment...

Read More



US Judge Potter Stewart will be remembered for his famous definition of obscenity and pornography at a time when the US justice system was struggling to balance freedom of expression and the State’s job to maintain public decency. He quipped: “I shall not today attempt further to define the...

Read More



At a press conference on 29th March, Madhavi Puri Buch, chairperson of the Securities and Exchange Board of India (SEBI), made a bold pledge that has gone viral. She declared, “There will not be another Karvy issue in our capital markets... If another Karvy-like instance happens, it will be...

Read More



Moneylife Digital Team 21 May 2022
The inspection report of Bank of Baroda (BoB) for 2019, inadvertently shared by Reserve Bank of India (RBI), reveals financial divergence in as many as 779 accounts. As per the report, there was a shortfall or additional provision worth Rs4,512 crore that was required in these...

Read More

Free Helpline
Legal Credit
Feedback