Moneylife News Bites

The week Debashis Basu highlights a recent 25% drop in Polycab's market capitalization due to income tax searches and allegations of tax evasion. This incident is part of a broader trend, where several large companies, including LIC, Hindustan Lever, and LTIMindtree, are receiving notices for tax violations. The rush is attributed to the GST deadline, causing concerns about the impact on ease of d...

Explore the growing threat of cybercrime in India, where criminals employ sophisticated tactics beyond monetary theft. The rise in such crimes targets even tech-savvy individuals, revealing criminals' adeptness at mimicking official procedures and using psychological tactics. The article highlights examples of victims falling for scams and emphasises the need for public awareness, law enforcement...

Lavasa City, India's first planned private hill station, faces challenges after bankruptcy in 2018, marked by controversy, legal issues, and debt. Despite approval of a Rs1,814 crore bid by Darwin group in 2021, legal challenges persist, with home-buyers dissatisfied and banks opposing the resolution plan. The city's infrastructure is deteriorating, leading to irregular services. Listen to this we...

Listen to this week's episode as Debashis Basu questions the reliability of economic and financial forecasts, citing examples of inaccurate predictions in the US for 2023. It contrasts the unpredictability of markets with India's potential for more accurate long-term forecasts, given recent policy changes. Also discussed in the video are initiatives like the production-linked incentive (PLI) schem...

The finance ministry informed Parliament of a surprising 28% increase in unclaimed deposits to Rs42,270 crore on 31 March 2023 (against Rs32,934 crore during FY21-22). Get ready for an even more staggering truth: this figure of unclaimed deposits represents a mere quarter of the money that is locked away in ‘inoperative’ bank accounts. Listen to this week's episode as Sucheta Dalal explains how in...

This week Sucheta Dalal talks about the bankruptcy proceedings of ABG Shipyard. Many companies are liquidated because there are no bidders and the recovery is in single digits. Large defaulters, like Anil Ambani’s Reliance Capital and the Videocon group, have received bids below the liquidation value and many defaulters have been liquidated with pathetic recovery because there were no takers under...

Here are two sets of bare facts. One, private mutual funds were permitted to be set up in 1993 and, in the past 21 years, until the end of 2014, their equity investment had gradually touched Rs200,000 crore spread across pure equity schemes, balanced schemes and equity-linked savings schemes. At the current rate of growth, by March 2024, equity assets held by mutual funds are expected to touch an...

On 9 December 2023, the national company law appellate tribunal (NCLAT) delivered a landmark order in favour of Aquacity Consumer and Social Welfare Society (ACSWS), which represents a group of home buyers, and the Madhya Pradesh Real Estate Regualtory Authority (MP-RERA). The homebuyers will hopefully get a refund of their investment with interest from the Aakriti group, even if they have had to...

Even as millions of new investors enter the capital market, our investor grievance redress system remains broken. Two recent orders that have gone against the Securities and Exchange Board of India (SEBI) expose the frightening state of affairs. Listen to this week's episode as Sucheta Dalal takes a closer look. Hosted on Acast. See acast.com/privacy for more information.

The market jumped to an all-time high on the news of higher growth rate of the gross domestic product (GDP) and several opinion polls favouring a return of the Bhartiya Janata Party (BJP) government in Madhya Pradesh and a close contest in Rajasthan. Debashis Basu believes that the Indian stock market is carrying, what can be called, a Modi premium. Listen to this week's episode he explains. Hoste...

The recent events at Raymond Ltd (Raymond) and the Murugappa group suggest that women have more mountains to climb before achieving true equality in the boardroom. Listen to this week's episode as Sucheta Dalal takes a deeper look. Hosted on Acast. See acast.com/privacy for more information.

After the death of Sahara founder Subrata Roy on 14th November, the government has quickly begun to explore the possibility of transferring funds with the market regulator to the Consolidated Fund of India (CFI). Listen to this week's episode as Sucheta Dalal looks at Sahara and other such financial frauds that have occurred in India. Hosted on Acast. See acast.com/privacy for more information.

With the death of Sahara’s founder Subrata Roy, what happens to the crores of rupees that remain unpaid for investors of Sahara’s various cooperative schemes? Will regulators finally wake up and work towards a solution for aggrieved investors or will the case be quietly buried? Listen to this week's episode as Debashis Basu explores. Hosted on Acast. See acast.com/privacy for more information.

This week, Sucheta Dalal takes a look at the ways banks continue to undermine regulatory oversight by stealing depositors’ money. Listen to this week's episode to learn more. Hosted on Acast. See acast.com/privacy for more information.

The Jet Airways case followed a standard template evident in almost all the large bankruptcy cases. Listen to this week's episode as Sucheta Dalal explores whether Jet Airways was a bankruptcy or a fraud enabled by bankers and auditors. Hosted on Acast. See acast.com/privacy for more information.

Stock markets are ruled by “sentiment” which drives money in and out of the markets. Bullish sentiment is described as a risk-on period while the bearish sentiment is called risk-off. The US market and economy have a profound influence on emerging markets and it is worth paying attention to them. Listen to this week's episode as Debashis Basu explains in depth. Hosted on Acast. See acast.com/priva...

Long revered as the ‘simple’ middle-class, super-success story, the Murthys of Infosys are perhaps perplexed at why social media seems to explode at their comments these days. This time around, it was NR Narayana Murthy’s ‘request’ that India’s youth must emulate the Japanese and the Germans (who rebuilt their respective nations after the World War), and work for 70 hours a week to build our natio...

Thousands of fit people are thrown into mental hospitals by their families taking advantage of a corrupt system and those who have recovered after treatment continue to languish there, in very poor conditions, because their families do not want to take the responsibility for them. Listen to this week's episode as Sucheta Dalal, takes a closer look. Hosted on Acast. See acast.com/privacy for more i...

This week, Debashis Basu returns to the bankruptcy and liquidation case of C&C Towers Ltd (CCTL). Listen to learn how public sector banks continue to sanction bad loans and are never held accountable for the same. Hosted on Acast. See acast.com/privacy for more information.

This week, Sucheta Dalal takes a closer look at the grievance redressal mechanisms at the Reserve Bank of India (RBI) and Securities Exchange Board of India (SEBI). Hosted on Acast. See acast.com/privacy for more information.

Every so often, when one posts a consumer grievance issue on social media, a host of well-meaning sympathisers will say—take them to court, demand compensation, make them pay! The reality is very different. Listen to this week's episode as Sucheta Dalal explains why. Hosted on Acast. See acast.com/privacy for more information.

Outside of hardcore market participants, not many people are aware of an ongoing crash in one of the largest markets in the world—the US bond market. Listen to this week's episode as Debashis Basu takes a closer look. Hosted on Acast. See acast.com/privacy for more information.

Last week, Himalaya Wellness Corporation (Himalaya) filed a defamation suit against Cyriac Abby Philips, a hepatologist for his scathing public comments on Liv52, Himalaya’s flagship brand launched in 1955. Listen to this week's episode as Sucheta Dalal takes a closer look at this particular defamation case. Hosted on Acast. See acast.com/privacy for more information.

We have many well-intentioned proposals, new rules from the Securities & Exchange Board of India (SEBI), a new claims portal from the Reserve Bank of India (RBI), the promise of simplification after a public consultation by the investor education and protection fund (IEPF), all for improving the nomination and succession process. But has any of it worked? as Sucheta Dalal takes a closer look....

There are broadly two views on the Indian economy. One is untrammelled boosterism, the dream of becoming a US$5trn (trillion) economy, delivered by an ostensible era of perpetual prosperity, supported by a set of rosy data. Another view is sceptical of such an inference, based on a different data set. There is enough evidence to support both views, which creates an economic data fog, as Debashis B...