Moneylife News Bites

The Supreme Court appointed committee on Adani recently released a report that gave a clean chit to both Adani and SEBI, the regulator. Listen to this week's episode as Debashis Basu takes a closer look. Hosted on Acast. See acast.com/privacy for more information.

On 6th May, an expert committee submitted a report on the Adani saga making a masterly, point-by-point legal case for exonerating the group and the market regulator, while also suggesting that, if the ‘letter of the law’ were to be followed, there is no case for repeated and never-ending investigation based on ‘suspicion’ that various actions of the group violated the ‘spirit of the law’. Listen t...

On 15th May, the Securities and Exchange Board of India (SEBI) claimed in Court ‘allegations’ that it has been investigating the Adani group since 2016 are ‘factually baseless’. Listen to this week's episode as Sucheta Dalal investigates why SEBI has decided to take umbrage at being accused of investigating the Adani stock run-up. Hosted on Acast. See acast.com/privacy for more information.

When some parts of the economy experience strong growth while others continue to decline, like two arms of the letter 'K', it is known as K-shaped growth or K-shaped recovery. The worst kind of K-shaped growth is when a small number of (very rich) people do very well while the vast majority languishes. Listen to this week's episode as Debashis Basu looks at the reasons for Indian economy's K-shape...

Would it surprise you to know that banks still do not have unique customer IDs allocated to every customer, 11 years after the Reserve Bank of India (RBI) directed them to do so? Or that banks, sometimes, allot more than one UCIC, defeating the very purpose of the anti-money laundering rules? Listen to this week's episode as Sucheta Dalal investigates. Hosted on Acast. See acast.com/privacy for mo...

The Securities and Exchange Board of India (SEBI) has recently announced measures to stop misuse of investor funds. This action comes after 32 broker defaults. Listen to this week's episode, as Sucheta Dalal takes a deeper look. Hosted on Acast. See acast.com/privacy for more information.

Defamation is a powerful tool, used largely by politicians, businesses and celebrities. Litigation is expensive and often drags on to the point of becoming meaningless. So, the law is out of the reach of most others. But defamation cases make for juicy headlines, especially when the founder of a start-up that has just imploded, files a million dollar defamation suit over an article written by a hi...

Last week, Bloomberg reported that India is preparing to overhaul its direct tax laws to help “Prime Minister Narendra Modi reduce widening income inequality.“ Listen to this week's episode as Debashis Basu takes a look at the impact taxing capital gains might have on reducing inequality. Hosted on Acast. See acast.com/privacy for more information.

A lot is happening at Café Coffee Day Enterprises Ltd (CDEL); but none of it is good news for investors. Listen to this week's episode as Sucheta Dalal takes a deeper look at the Cafe Coffee Day mess. Hosted on Acast. See acast.com/privacy for more information.

Many in India believe in the concept of ‘Saade-Sati’– a feared 7.5 year-long phase of the God Shani—when a person faces many challenges. The world of company secretaries (CS) seems to be facing a different, and more draconian, version of this when it comes to dealing with the MCA21 online corporate filing and compliance system. Listen to this week's episode as Sucheta Dalal takes a look at the pro...

As inflation declines, India has paused its interest rate hikes and there is optimism in the air that we have crossed the cyclical hump of a slowdown and should enjoy strong growth. Listen to this week's episode as Debashis Basu takes a deeper look at the projected economic growth of India. Hosted on Acast. See acast.com/privacy for more information.

On 29th March, the press information bureau (PIB) issued an unusual press release about a Supreme Court (SC) order in a public interest litigation (PIL) seeking refund of money deposited with four cooperative societies set up by the notorious Sahara Pariwar. The details of what led to the order are both, extraordinary and confusing, not to mention the fact that it does not give any numbers; the ma...

On 27th March, a Supreme Court (SC) bench, headed by chief justice Dr Dhananjay Chandrachud, issued an order which said that banks must give the borrower a hearing before classifying the loan account as a fraud. The order has evoked mixed reactions. Listen to this week's episode as Sucheta Dalal takes a deeper look. Hosted on Acast. See acast.com/privacy for more information.

This week, Debashis Basu takes a look various issues where a lack of standard operating procedures issued by the Reserve Bank of India have harmed customers. Hosted on Acast. See acast.com/privacy for more information.

This week, Debashis Basu examines public liability insurance and the lack of awareness about such insurance in India. Listen to this week's episode to learn why public liabiltiy insurance is essential. Hosted on Acast. See acast.com/privacy for more information.

Six years after the Real Estate (Regulation and Development) Act (RERA) came into existence, a series of decisions is finally working in favour of home-owners. Even the national consumer disputes redressal commission (NCDRC) has stepped up and issued hard hitting orders in favour of home-owners. Listen to this week's episode as Sucheta Dalal examines how RERA and NCDRC have helped home-owners. Hos...

The Supreme Court of India (SC) order of 2nd March is a new experiment in investigating financial irregularities that lead to a public outcry. The order was in response to a batch of petitions following the release of a detailed report by Hindenburg Research on 24th January. Listen to this week's episode as Sucheta Dalal examines whether this "experiment" of the Supreme Court will finally give ans...

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 that people of Indian origin will also hit the headlines for zip and enterprise of another kind—for gigantic fraud, running mega scams and even market manipulation. Listen to this week's...

This week, Debashis Basu continues to talk about the Adani saga and the wilful blindness by regulatory bodies to recognise a clear case of price rigging. Hosted on Acast. See acast.com/privacy for more information.

About a week ago, the government accepted the Supreme Court's (SC’s) suggestion to set up a committee led by a retired judge to study the crash in Adani group shares as well as to recommend improvements in statutory and regulatory regimes governing the securities market. Listen to this week's episode, Sucheta Dalal steps back in time to look at past scams and scandals where a separate committee wa...

Listen to this week's episode, Debashis Basu takes a look at the recent Adani Enterprises saga post release of the Hindenburg report. Hosted on Acast. See acast.com/privacy for more information.

Listen to this week's episode, Sucheta Dalal returns to the IL&FS mess with an update on one the Tiruppur saga. Watch the video to learn more. Hosted on Acast. See acast.com/privacy for more information.

It has been a bad fortnight for the market regulator, SEBI, as it’s tardy investigations, poor supervision and legally weak or poorly justified orders of the decade or more have come up for scrutiny in this short period. Listen to this week's episode Sucheta Dalal examines the issue in depth. Hosted on Acast. See acast.com/privacy for more information.

Listen to this week's episode, Debashis Basu explains why trading in derivatives such as futures and options is like playing in a casino, where 90% of the time the player looses and the house wins. Hosted on Acast. See acast.com/privacy for more information.

Recently, the Securities and Exchange Board of India (SEBI) has sought feedback on complaint handling by market intermediaries (MIs) and market infrastructure institutions (MIIs). The Investor Education and Protection Fund Authority (IEPFA), which impounds unclaimed funds, has also sought feedback on plans to ease its much-criticised claims process. Listen to this week's episode Sucheta Dalal exam...