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The "Bima Vistaar Yojana" is a new "insurance scheme for rural India" with "5 key benefits." The move is a significant step towards a more user-friendly and less intrusive…
ElevenLabs has begun a "$100 million employee tender" at a "$6.6 billion valuation." This move allows early employees and investors to cash out a portion of their shares while the…
Porter is reportedly set to "raise an additional $100 million" in an "extended Series F round." The move is a significant step towards a more user-friendly and less intrusive tax…
Bankers have stated that "GST rate cuts" will "boost consumption, credit growth, and the economy." The move is a significant step towards a more user-friendly and less intrusive…
FM Sitharaman is confident that the "fiscal deficit is safe" despite a "₹48,000 crore GST gap." The move is a significant step towards a more user-friendly and less intrusive tax…
Aurva has secured $2.2 million to scale its AI-powered data security platform. This funding will enable the company to expand its operations and enhance its technological…
The ban on real-money gaming RMG transactions has led to a sharp 25% decline in UPI-based gaming payments in August, according to industry reports. The impact reflects regulatory…
Edtech unicorn PhysicsWallah reported a salary expenditure of ₹1,426 crore in FY25, reflecting its aggressive hiring and offline expansion. The company disclosed that its offline…
The Entrackr news portal provides continuous updates on Indian startups, funding activity, and regulatory developments affecting the entrepreneurial ecosystem. Covering diverse…
PharmEasy, one of India’s largest e-pharmacies, reported revenue of ₹5,872 crore for FY25, showing stable performance with controlled expenses. Despite the tough funding…
Finance Minister Nirmala Sitharaman clarified that petrol, diesel, and alcohol are unlikely to be brought under GST in the near future due to revenue implications for states. She…
The Institute of Chartered Accountants of India ICAI formally opened applications for the Multipurpose Empanelment Form MEF 2025-26, inviting chartered accountants and firms to…
Finance Minister Nirmala Sitharaman publicly thanked state governments for their cooperation in implementing GST 2.0, calling it a landmark reform achieved through consensus. She…
The broadcasting industry has voiced disappointment at being excluded from GST 2.0 relief measures and is lobbying for a reduced tax rate of 5%. Broadcasters argue that the…
Chief Economic Advisor V. Anantha Nageswaran said that GST 2.0 reforms, including rationalization of slabs, will simplify the indirect tax system without jeopardizing state…
PayU, a leading fintech and digital payments company, is reportedly seeking to raise $300 million in funding ahead of its planned IPO. The fresh capital is expected to strengthen…
Ultrahuman, a Bengaluru-based health-tech startup, announced plans to redesign its flagship smart ring following a ban on imports into the United States. The ban stemmed from…
The Karnataka government has allocated a large tract of land near Bengaluru for establishing India’s first “Quantum City,” envisioned as a hub for research, development, and…
The Institute of Chartered Accountants of India ICAI announced the launch of its Multipurpose Empanelment Form MEF for 2025-26, inviting applications from practicing chartered…
The central government has requested the Supreme Court to transfer all petitions challenging the constitutionality of the Online Gaming Act, currently pending in multiple High…
Flipspaces, an interior design and technology startup, secured ₹50 crore in fresh funding to expand its business operations across India and international markets. The company…
Indrajaal, a Hyderabad-based startup specializing in autonomous anti-drone defense systems, has raised ₹48 crore in funding to expand its R&D and scale deployment. The company…
The Central Board of Indirect Taxes and Customs CBIC issued a clarification dismissing viral social media messages that claimed GST transition benefits, such as availing…
Taxscan highlighted the critical deadlines falling on 15th September, particularly the due date for payment of the second installment of advance tax for FY 2024-25. The article…
This weekly round-up by Taxscan compiled major decisions from the Supreme Court and various High Courts, offering a comprehensive snapshot of key judicial pronouncements.…
The CBIC Chief indicated that tobacco and cigarettes may face additional taxation beyond the current 40% GST slab, citing public health concerns and the need to deter consumption.…
Reports suggest that food delivery services may become more expensive under GST 2.0 as delivery charges could attract 18% GST. Currently, food items ordered via aggregators are…
The Income Tax Appellate Tribunal ITAT set aside a Principal Commissioner of Income Tax PCIT order passed under Section 263, which alleged lack of inquiry by the Assessing Officer…
Finance Minister Nirmala Sitharaman announced that nearly 99% of goods are now classified under the simplified GST structure, falling within the 0%, 5%, or 18% tax slabs, with…
Online chess learning platform Ziffi Chess raised over $5 million in funding led by Tanglin Ventures, with participation from other investors. The startup offers structured chess…
Finance Minister Nirmala Sitharaman used the example of popcorn to illustrate ongoing classification disputes under GST. She explained that ambiguity arises when similar goods…
Finance Minister Nirmala Sitharaman ruled out any cuts in capital expenditure despite revenue concerns emerging from GST 2.0 reforms. She stressed that the government will…
Interior design and build-tech startup Flipspaces secured $50 million in an expanded Series C funding round, led by new and existing investors. The company, which provides…
The Karnataka High Court reiterated that the extraordinary power under Section 319 of the Criminal Procedure Code CrPC , which enables courts to summon additional accused during…
The Bombay High Court quashed criminal proceedings against a petitioner after finding that the trial court lacked territorial jurisdiction to entertain the complaint. The case…
The Supreme Court reaffirmed that an unregistered lease deed concerning immovable property is inadmissible as evidence in legal proceedings, in accordance with Section 17 of the…
The Delhi High Court held that persistently threatening to commit suicide to coerce a partner into marriage amounts to cruelty, thereby constituting valid grounds for divorce…
API Holdings, the parent company of health-tech giant PharmEasy, reported a narrowing of consolidated net loss to ₹1,267 crore in FY24 from ₹3,992 crore in FY23, even as operating…
The latest Inc42 roundup highlighted key developments across India’s startup ecosystem, underscoring funding activity, regulatory interventions, and sectoral shifts. Major funding…
The Supreme Court expressed serious concern over the Kerala High Court entertaining anticipatory bail applications directly, bypassing the Sessions Court, which is ordinarily the…
Following strong protests by lawyers over police officers failing to appear in courts for deposition and evidence, the Delhi Police assured that its officials will henceforth…
The Supreme Court dismissed a defamation plea filed by the Bharatiya Janata Party BJP against Telangana Chief Minister Revanth Reddy, cautioning political parties against misusing…
The Supreme Court decided to centralize all pending petitions challenging the validity of state legislations regulating online gaming by transferring them from three High Courts…
The Supreme Court decided to centralize all pending petitions challenging the validity of state legislations regulating online gaming by transferring them from three High Courts…
The Supreme Court directed the Election Commission of India ECI to formally issue a notification permitting the use of Aadhaar cards as valid identification proof for voting,…
The Supreme Court overturned a High Court ruling that had denied a daughter her rightful coparcenary share in ancestral property, while also summarizing key principles governing…
The Supreme Court clarified that the availability of an alternate statutory remedy does not bar the maintainability of a writ petition under Article 226 of the Constitution in…
The Himachal Pradesh High Court ruled in favor of a petitioner who had been denied pension under the Freedom Fighters’ Pension Scheme, criticizing the State authorities for…
The Punjab and Haryana High Court issued stern warnings to municipal authorities over their negligence in leaving manholes uncovered in the Naya Gaon area, which posed serious…
The Kerala High Court closed the long-pending appeal relating to the Nedumbala Estate acquisition and rehabilitation matter, a dispute that originated from the government’s…
The "Bima Vistaar Yojana" is a new "insurance scheme for rural India" with "5 key benefits." The move is a significant step towards a more user-friendly and less intrusive…
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