DevX's IPO issue has been oversubscribed 5.3x on Day 1. This indicates strong investor confidence in the company's growth prospects. The move is a significant step towards a more…
10/09/20251 min read
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DevX's IPO issue has been oversubscribed 5.3x on Day 1. This indicates strong investor confidence in the company's growth prospects. The move is a significant step towards a more…
Urban Company's IPO retail portion has been oversubscribed 1.3x on Day 1. This indicates strong investor confidence in the company's growth prospects. The move is a significant…
Dronetech startup EndureAir has raised ₹2.5 crore from IAN Alpha Fund. This funding will be used to enhance the company's product portfolio and expand its market reach. The move…
D2C skincare brand Asaya has bagged ₹2.8 crore for "new product launches." This funding will be used to enhance the company's product portfolio and expand its market reach. The…
CarTrade shares have tumbled over 18% after "JM Financial downgrades the rating to Sell." This is a significant move for the company, as it faces a challenging business…
The Centre is set to "set up 600 data labs" and "deploy 38,000 GPUs" under the "IndiaAI Mission." The move is a significant step towards a more user-friendly and less intrusive…
Aviral Bhatnagar's AJVC has closed its "debut fund at ₹200 crore." This is a significant move for the venture capital firm, as it aims to invest in promising startups. The move is…
Apple has unveiled its "iPhone 17 series in India," to start at ₹82,900. This is a significant move for Apple, as it aims to capture a larger share of the Indian smartphone…
Ola Electric's promoter has "pledged a 24.3% stake" to "secure debt for Krutrim." This move provides Krutrim with the necessary funding to fuel its expansion and growth plans. The…
Purple Style Labs is set to "raise ₹750 crore via a fresh issue in its IPO." This move will provide the company with the necessary capital to fuel its expansion and growth plans.…
Salesforce Ventures is set to "lead a $15 million investment" in "app builder Rocketnew." This investment signals strong investor confidence in the company's growth prospects. The…
Defence electronics startup Sanlayan's "valuation has jumped 4.5x" in its "Series A round." The move is a significant step towards a more user-friendly and less intrusive business…
OneAssist has posted over ₹620 crore in revenue in FY25, with a ₹26 crore EBITDA. The move is a significant step towards a more user-friendly and less intrusive business…
The NCLAT has ruled that the "NCLT can recall an approved resolution plan at any stage if it is vitiated by fraud." This decision is a crucial reminder to all that they must be…
The Supreme Court has quashed a "false rape case" and has laid down a "four-step test to quash frivolous criminal complaints." This is a significant ruling that provides a crucial…
The Kerala High Court has quashed a POCSO case where a youth and a minor girl continued a romantic relationship after she attained majority. The court's decision, which is a…
The Karnataka High Court has ruled that the "arrest of the wife of a Congress MLA is illegal," as she was "summoned by the ED on grounds of illegal betting." The court's decision,…
The NCLAT has ruled that the "mere fact a resolution plan is under consideration does not strip the adjudicating authority of its power to decide allegations of fraud under…
The NCLT, Amravati, has ruled that an "adjudicating authority is not an appropriate forum to determine the liability of a corporate debtor to pay interest" under the "MSME Act or…
The NCLAT, New Delhi, has ruled that "neither the Registry nor the NCLT can dismiss a Section 7 petition without giving an opportunity to a party to cure defects in the supporting…
The Delhi High Court has ruled that the "absence of the word 'seat'" does "not oust a court's exclusive jurisdiction" when it is conferred by an arbitration agreement. This is a…
The Supreme Court has criticized the NCDRC for "inventing a new case of medical negligence" in an appeal and has ordered the complainant to refund ₹10 lakh to the doctors. This…
The CESTAT has upheld a penalty against a CHA for allowing an "unauthorized person to use their license," but has declined to cancel the license and forfeit the security. This…
In a setback for Pondicherry Engineering College, the CESTAT has upheld a service tax on "technical testing and analysis services," though it waived the penalty. This decision…
The NCLAT has granted time until September 15 for a company to vacate a land parcel, citing a delay due to the "monsoon season" being a "hindrance to remove glass items." This…
The NCLAT has remanded a matter for reconsideration, ruling against an "application under Section 9 of the IBC against the appointment of an IRP." The court's decision, which is a…
The NCLAT has ruled that an "EPFO's claim based on an inspection during CIRP is not enforceable." This decision clarifies the legal standing of claims made by the EPFO during the…
The Delhi High Court has ruled that the "GST department prima facie cannot reconfirm a dropped SCN demand after remand," and has directed the CESTAT to examine the validity. The…
The Ministry of Heavy Industries has issued a press release detailing the new GST rates and their impact on heavy industries. The move is a significant step towards a more…
The Madras High Court has dismissed a plea by a meat exporter attempting to ship prohibited meat to the UAE, rejecting the allegations of sampling without presence. The court's…
The Uttarakhand High Court has ruled that a taxpayer who misses one installment of their GST dues must pay the full amount, but has allowed the taxpayer to seek installment relief…
The DGFT has introduced a "correction facility for limited amendments in DFIA's," such as "measurement units," "HS codes," and "import values." The move is a significant step…
The NCLAT has granted a "final extension" of 45 days to complete the CIRP. This decision, a significant victory for the government, was made on the grounds that the company's…
The NCLAT has dismissed an appeal by IDBI Bank, ruling that an application under Section 95 of the IBC filed after the expiry of three years is "barred by limitation." This…
The ITAT has deleted an addition made during the demonetization period, ruling that a taxpayer's cash deposits were explained by bank withdrawals and "pin money" household…
The Karnataka High Court has upheld the ITAT's remand order regarding the rejection of a time-barred 80G registration application, considering the CBDT's extended deadline. This…
In a relief for Nippon India, the ITAT has ruled that the disallowance under Section 14A read with Rule 8D applies only to investments yielding exempt income. This decision…
The ITAT has ruled that an income assessed in a proprietor's hands cannot be assessed again in the hands of a dissolved partnership. This decision prevents double taxation and…
The Karnataka High Court has upheld an ITAT decision, ruling that a draft assessment order is mandatory for any variation in the Arm's Length Price ALP under Section 144C of the…
The ITAT has ruled that a minor daughter's share of funds, which were deposited as per a court order, cannot be clubbed with her father's income. This decision is a significant…
The Delhi High Court has clarified the procedure for filing cases under Section 138 of the Negotiable Instruments Act for cheque dishonor. The court has ruled that such a case can…
The ITAT has upheld a CITA decision to delete a ₹3 crore addition for non-filing suppliers, as the assessee had furnished complete evidence of the genuineness of the transactions.…
The CESTAT has set aside a new order, ruling that a request for a service tax refund re-computation was improperly treated as a fresh claim without complying with the appellate…
The ITAT has ruled that an addition made due to purchases from non-filing suppliers should be deleted, as the assessee was able to furnish proof of the genuineness of the…
The ITAT has granted partial relief to a taxpayer whose ₹4.5 lakh cash deposit, claimed as a gift from a deceased grandmother, lacked sufficient evidence. The tribunal, while…
The NCLAT has ruled that a "limitation period can be reset" when "pleadings regarding part payments are supported by a written acknowledgment." This decision provides crucial…
The Delhi High Court has declined to intervene with a Customs order concerning the provisional release of tempered glass labeled "Made in China." The court's decision, which is a…
The Madras High Court has granted a person, who is accused of offenses under the Customs Act, permission to renew their passport. The court's decision was based on the applicant's…
The Securities and Exchange Board of India SEBI has notified a second amendment to its Issue of Capital and Disclosure Requirements ICDR Regulations. This is a significant…
The Securities and Exchange Board of India SEBI has officially notified amendments to the Alternative Investment Funds AIF Regulations. This is a significant regulatory…
DevX's IPO issue has been oversubscribed 5.3x on Day 1. This indicates strong investor confidence in the company's growth prospects. The move is a significant step towards a more…
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