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Venkatachari Jagannathan (IANS) 30 September 2020
With bank after bank in the private sector getting into problems, the latest being the Lakshmi Vilas Bank (LVB), the efficacy of Reserve Bank of India (RBI) as the sectoral regulator will soon be a question mark, said a top leader of a large bank union.   "The way things are coming...

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Moneylife Digital Team 05 October 2020
Complaints from depositors of credit cooperative societies of Sahara India are mounting with many of them taking to Twitter and social media to post pictures of protests and crowds across the country. The societies include: the Sahara Credit Cooperative Society Ltd, the Saharayn Universal...

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Moneylife Digital Team 10 April 2020
INDIAN MARKET TRENDS From 3rd April to 9th April, the Sensex and the NIFTY rose 13% each. ML Mega-cap Index rose 12%. Both, ML Mid-cap Index and ML Small-cap Index, rose 11%. ML Micro-cap Index and ML Large-cap Index rose 10% and 9%, respectively.     FUND...

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Moneylife Digital Team/ IANS 01 October 2020
The Securities and Exchange Board of India (SEBI) has barred four individuals, including Yashovardhan Birla, chairman of Yash Birla group, from the markets in relation to manipulation in issuance of global depository receipts (GDR) by Birla Cotsyn (India) Ltd way back in 2010.   Birla...

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IANS 25 February 2021
Strongly opposing Prime Minister Narendra Modi's plans to privatise all public sector banks (PSBs), the Unted Forum of Banking Unions on Thursday said that it could imperil Rs 80 lakh crore hard-earned money belonging to the people.   UFBU Convenor Devidas Tuljapurkar said that the...

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Moneylife Digital Team 21 May 2021
True to the perception of the community being large-hearted, Sikh organisations have been offering all kinds of aid over the last one year during the pandemic crisis. In yet another heart-warming move, Nanded’s Gurudwara Takht Shri Hazoor Sahib, one of the five takhts of Sikhism, has...

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Even as images of endless burning pyres are flashed across the globe accompanied by desperate social media messages, frantically seeking hospital beds in Delhi, Gujarat and Uttar Pradesh, Mumbai is relatively calm. After a few stressful days in mid-April, there is no mindless panic, shortage...

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A horrifying video* of dead bodies, tightly wrapped in garbage bags lying on beds in Sion Hospital, Mumbai, sometimes for as long as 30 hours, among patients battling coronavirus, has gone viral. The reason for this is not callousness on the part of the Hospital, but a reflection of the acute...

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Moneylife Digital Team 29 June 2020
Pramod Mittal, younger brother of global steel magnate Lakshmi N Mittal, is again in the news. Pramod Mittal, one of Britain's wealthiest men who spent £50 million on his daughter's wedding has reportedly been declared bankrupt with debts running to more than £130 million, says a news...

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Vimal Punmiya 22 September 2020
Recently, the Supreme Court of India, aiming at ensuring the 'right of equality', in a landmark judgement, Vineeta Sharma vs Rakesh Sharma, held that a daughter coparcener would have equal coparcenary rights in a Hindu Undivided Family (HUF) properties or  equal right to family property by...

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The Supreme Court on Friday declined to entertain pleas seeking anticipatory bail for DHFL promoters Dheeraj Wadhawan and Kapil Wadhawan in a money laundering case of Yes Bank under investigation by the Enforcement Directorate (ED).   A bench of Justices Sanjay Kishan Kaul and B.R....

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I am afraid COVID-19 will be looming over all conversations on the economy and markets for a long time to come. A two- to three-month shutdown means a long-term setback. No one can make up for this lost time. The repercussions will be felt for years. I have no idea on when we will start to...

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If the Indian industry wants a bailout and an economic stimulus and lobbies as a group, can it remain silent about its members' over-opportunistic actions to take advantage of the situation?   Remember, the COVID-19 calamity is relatively recent; but investors and savers have...

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Until a few days ago, Jemin, a strong supporter of the government, was a happy and worry-free person. One fine day, his sense of well being was shattered when the Aarogya Setu app on his mobile began to show him positive for coronavirus (COVID-19) and he started receiving calls. Jemin says he...

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Moneylife Digital Team 21 August 2020
Last month, the Central and Western Railway along with the BrihanMumbai Municipal Corporation (BMC) allowed starting suburban (local) train services for essential workers as identified by state government. However, there are several instances coming to light where employees or workers from...

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Pravin Banker 30 October 2020
Born into a steelmaking Rajasthani Marwari family, the rise of Pramod Mittal began a few years after the acrimonious parting of ways of his older brother Laxmi Niwas (LN) in 1994.   Laxmi had set up the international operation Ispat (Sanskrit for steel) International and had shown his...

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Moneylife Digital Team 15 May 2020
As is known, regular consumers of cigarettes and liquor have been forced to reduce their consumption even as the lock-down has affected their production and the availability. The question is: What would be the consumption pattern of regular users of alcohol and cigarettes, if these were made...

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Former bureaucrat and environmental activist E.A.S. Sarma has demanded the prosecution of the promoters and the senior managers of the LG Polymers for toxic gas leakage from its plant here, which has killed eight people and affected hundreds.   The former Indian Administrative Service...

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Yogesh Sapkale Yogesh Sapkale 19 October 2020
Canara Bank is the latest to join other big public sector banks (PSBs) that have written off bad loans worth thousands of crores of rupees and recovered paltry amounts from big defaulters.   Like other PSBs, Canara Bank also refused to share this information as well as names of...

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Nishant Vivek 29 December 2020
A personal loan is a borrower’s boon as it can be used in an emergency or when facing a shortage of funds. Since the loan does not have any end-usage restrictions, the amount can be used to fund a wedding, travel plans, medical needs, or practically anything under the sun. You can even take a...

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