POPULAR


Sayali Mahashur 12 February 2022
Novartis India Ltd announced that it would transfer the sales and distribution of its products to Dr Reddy’s Laboratories for a few of its established medicines, including the Voveran range, the Calcium range and Methergine.   While Novartis claims that the arrangement aims to broaden...

Read More



Alan Paul Varghese 14 January 2023
Banks across the country have started to follow directions issued by the Reserve Bank of India (RBI) on safe deposit lockers. However, due to a lack of standardisation in the process, bank customers are facing difficulties in following the RBI directions issued on 18 August 2021...

Read More



Moneylife Digital Team 28 March 2022
Market regulator Securities and Exchange Board of India (SEBI) has asked investors of PACL Ltd (erstwhile Pearls) to submit original registration certificates only after receiving an SMS from the justice (retd) RM Lodha committee. This is applicable only for investors whose claim money is...

Read More



In February 2014, some of you may remember how a member of Parliament (MP) sprayed pepper spray on his colleagues right inside the Lok Sabha. He even referred to them as a mob in a television interview (Who is 'pepper spray' Rajagopal?).    This Congress MP, Lagadapati Rajagopal, was...

Read More



Abhay Datar 25 March 2023
The great news for employees provident fund organisation (EPFO) contributors and pensioners is the changes made in the EPFO as directed by the Supreme Court for higher pensions.   Though most of them might have gone through the new provisions, we would like to highlight important...

Read More



As a member of the consumer complaints committee (CCC) of the Advertising Standards Council of India (ASCI) for a few years, one noticed that two powerful personal-care companies had a nice trick to their fairness cream advertisements. These advertisements inevitably portrayed those with a...

Read More



Moneylife Digital Team 16 April 2022
An investor may choose to port from one stockbroker to another for various reasons, like the services offered, ease of doing transactions, brokerage or research services offered. Sometimes, investors tend to open different demat accounts over a period of time, making it increasingly difficult...

Read More



Moneylife Digital Team 14 December 2022
There is no proposal before the Union government to make it mandatory to update Aadhaar every 10 years by amending Aadhaar regulations, the Lok Sabha was informed. In July this year, the government told the lower house that, over the past three years, the Unique Identification Authority of...

Read More



It has been a bad fortnight for the market regulator as its tardy investigations, poor supervision and legally weak or poorly justified orders of the past decade or more have come up for scrutiny in this short period.   “Why has SEBI been a silent operator?” thundered Mahua Moitra,...

Read More



Moneylife Digital Team 24 March 2022
A joint platform of central trade unions (CTUs) and various sectoral independent trade unions have called for a two-day strike on 28th and 29th March 2022 to protest against the anti-people economic and anti-worker labour policies of the Union government. All India Bank Employees' Association...

Read More



A few months ago, an 80-year-old diabetic person suffered the trauma of being inadvertently locked up in a bank when he had gone to access his locker. When the issue was escalated to the top brass at the Reserve Bank of India (RBI), it was felt that he ought to be given a token compensation....

Read More



I wrote last week that the Supreme Court (SC)-appointed expert committee on the Adani-Hindenburg Research saga had ended up making a powerful legal case for why the Securities & Exchange Board of India (SEBI) would draw a blank (Adani Stock Saga: Clean Chit by SC Committee Raises Questions &...

Read More



Moneylife Digital Team 12 May 2023
Holding Deloitte Haskins & Sells LLP and CJ Goswami & Associates, the secretarial auditor of Sun Pharmaceutical Industries Ltd (Sun Pharma), responsible for not reporting related-party transactions of Sun Pharma with its sole distributor and promoter entity Aditya Medisales Ltd, the registrar...

Read More



The State-run Bank of Maharashtra (BoM) has written off bad loans of over Rs11,204 crore of 42 big defaulters and Rs2,548.13 crore of small borrowers since FY13-14. However, over the past nine years, the Bank could recover less than 15% of the amount from both big defaulters, who had...

Read More



On 20th December, the wire agency IANS put out a sensational report which suggested that yet another diamantaire, like Nirav Modi, had squirreled away a whopping Rs6,710  crore from IDBI Bank. This was based on an advertisement published by the Bank on 19th December (see picture) with the...

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



Suspended special judge of the PMLA (Prevention of Money Laundering Act) court at Panchkula in Haryana, Sudhir Parmar, allegedly demanded Rs5 to Rs7 crore from Roop Bansal, his brother Basant Bansal—the owners of M3M—and Lalit Goyal, the owner of the IREO group, for allegedly helping them in...

Read More



Nearly 17 months after the Cabinet committee on economic affairs granted an in-principle approval, the government has finally invited potential bidders to submit expressions of interest, by end of December, to acquire a majority stake in IDBI Bank. We have already paid too high a price to...

Read More



Moneylife Digital Team 12 February 2022
After a long delay of over six years, the Securities and Exchange Board of India (SEBI) has issued yet another order which finally exposes the most shocking misgovernance at the National Stock Exchange (NSE) in the period when the colocation scam was happening. What is worse, it appears that...

Read More



Last week, I wrote about how banks basically accept meaningless personal guarantees from industrialists or their group companies which can never be effectively invoked. I specifically mentioned the massive personal guarantees of Rs11,000 crore-Rs12,000 crore from Venugopal Dhoot of Videocon,...

Read More

Free Helpline
Legal Credit
Feedback