ECONOMY & NATION


IANS 30 November 2022
The Committee of Creditors (COC) of Reliance Capital (RCAP), in its meeting held on Wednesday, has decided to reject all the binding bids that it received from the bidders on Monday.   The COC is now considering sending Reliance Capital to liquidation, under the newly introduced...

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IANS 30 November 2022
The Enforcement Directorate (ED) on Wednesday said that it has attached properties worth Rs 22.10 crore of firms in a Prevention of Money Laundering case relating to the BS-IV vehicle scam, and the role of Ashok Leyland was also being probed.   The properties are in the names of firms...

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Sucheta Dalal Sucheta Dalal 30 November 2022
Winsome Diamonds was a massive corporate default that burst on the business world sometime in 2013 – in the same manner as Gitanjali Gems and Niraav Modi. The three are similar because their companies were huge advertisers and this got them loads of high-profile publicity, until they suddenly...

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Moneylife Digital Team 30 November 2022
In a dramatic late-night development on Tuesday, the new board at New Delhi Television Ltd (NDTV) approved the resignations of Dr Prannoy Roy and Radhika Roy as directors of RRPR Holding Pvt Ltd (RRPR), the promoter of NDTV. It means that the existing and longstanding promoters and management...

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IANS 30 November 2022
Chinese behemoth Alibaba is set to sell its shares worth $200 million in Zomato via a block deal on Wednesday, the media reported.   According to CNBC Awaaz, citing sources, Ant Financial and Alipay would bring down their stake in the Deepinder Goyal-run food delivery unicorn to about...

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IANS 30 November 2022
Vikram Shreekant Kirloskar, an eminent industrialist and Vice-Chairman of Toyota Kirloskar Motors passed away after suffering a cardiac arrest late Tuesday. He was 64.   His funeral is scheduled for 1 p.m. on Wednesday in Bengaluru, according to family sources.   Toyota India...

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IANS 29 November 2022
The Tata Group on Tuesday announced the consolidation of its airlines, Vistara and Air India. With this consolidation, Air India will be India's leading domestic and international carrier with a combined fleet of 218 aircraft, making it India's largest international carrier and second largest...

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The Leaflet 29 November 2022
The Supreme Court, on Monday, again expressed its displeasure at the Union Government’s unwillingness to clear the names of judges recommended by the Supreme Court Collegium. The Court termed the government’s inaction as amounting to frustrating the entire system.   “How will the...

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Moneylife Digital Team 28 November 2022
India's bank credit growth will accelerate in the financial year ending March 2023 (FY22-23), despite the effects of higher interest rates. Strong loan growth should benefit net revenue, particularly as it will be coupled with wider net interest margins. However, it will put pressure on the...

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Moneylife Digital Team 28 November 2022
The Reserve Bank of India (RBI) has asked Paytm Payments Services Ltd to resubmit the application to operate as a payment aggregator. The banking regulator put a pause on onboarding of online merchants by Paytm Payments Services. The company will not onboard new online merchants till the time...

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IANS 28 November 2022
Online home services marketplace Urban Company on Monday said it has awarded stocks worth Rs 5.2 crore to 497 service partners under the Partner Stock Option Plan (PSOP) programme.   Of the total recipients, about 30 per cent were female service partners from the beauty and wellness...

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IANS 28 November 2022
Amid an exercise to wind up certain verticals as part of global exercise to cut costs, Amazon on Monday announced to shut down its wholesale distribution business in India.   The e-commerce major is discontinuing Amazon Distribution, its wholesale e-commerce website available in some...

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IANS 28 November 2022
The Central Bureau of Investigation (CBI) in its charge sheet lodged in the Rs 34,615 crore DHFL loan fraud case has said that the accused created 87 shell companies and 2,60,000 fake borrowers to launder money. The charge sheet was filed in the second week of October.   The federal...

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IANS 28 November 2022
The Swiss Challenge process initiated by LIC to find bidders for its Rs 3,400 crore debt in Reliance Capital (RCAP) has failed miserably.   The IDBI Trusteeship, process advisor responsible for running the Swiss Challenge process on behalf of LIC, did not receive even a single bid, as...

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Moneylife Digital Team 25 November 2022
Ravi Narain, former managing director and chief executive officer (MD&CEO) of the National Stock Exchange (NSE) has been granted bail by Delhi's Rouse Avenue court on humanitarian grounds. He will have to provide a personal bond Rs1 lakh with two sureties of the same amount.    In an...

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Moneylife Digital Team 25 November 2022
The Madurai Bench of the Madras High Court (HC) has sought the response of the Centre on a plea (Case No: WP(MD) 26168 of 2022) challenging the fixation of Rs2,50,000 as the base income for the purpose of collecting income-tax (I-T), given the recent Supreme Court (SC) decision upholding the...

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Moneylife Digital Team 25 November 2022
The Supreme Court, while dismissing a plea filed by the Municipal Corporation of Greater Mumbai (MCGM) about the levy of tax based on the future or intended use of land, held that the tax could be levied only based on the present position and, until an occupancy certificate is issued, the tax...

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Amitabha Banerjee Amitabha Banerjee 25 November 2022
For the full five years at the Indian Institute of Technology (IIT), I had been in the National Cadet Corps (NCC) army wing, rising to the exalted rank of senior under officer.    Not that I had any desire whatsoever to join the army after college, but it was either NCC or physical...

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IANS 25 November 2022
The Delhi High Court on Friday passed an interim order in favour of veteran Bollywood actor Amitabh Bachchan, restraining various individuals and entities from infringing his personality and publicity rights.   The actor had filed a suit against the people conducting fake 'Kaun Banega...

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IANS 24 November 2022
The Supreme Court on Thursday grilled the attorney general R Venkataramani, representing the Centre, on the appointment of Arun Goel as the election commissioner, saying what was the 'tearing urgency, haste', and why was the appointment made at a 'lightning speed'.   A five-judge...

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