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A Bengaluru techie has been arrested in connection with a ₹379 crore cryptocurrency theft from CoinDCX. The police allege that the employee's office credentials were used in the…
Metaforms, a Bengaluru-based AI startup, has secured $9 million in a funding round led by Peak XV Partners. The company's platform develops AI agents to automate operational tasks…
Inflection Point Ventures IPV has launched a $110 million 'IPV International' angel fund from GIFT City. The fund is a Category I Angel Fund and has already made its first…
The DRAT has directed a DRT Debt Recovery Tribunal to decide on a "pending amendment application within a week," as it was holding up a recovery application filed under Section…
The DRAT Debt Recovery Appellate Tribunal has ruled that "Canara Bank has no locus standi to initiate recovery proceedings" against Maruti Automobiles, citing "finalised…
The Chhattisgarh High Court has dismissed a petition challenging the "invoke and encashing of a bank guarantee" during the moratorium period under Section 14 of the IBC, citing…
The DRAT Debt Recovery Appellate Tribunal has upheld the validity of a notice served under Rule 9 1 of the Security Interest Enforcement Rules, citing sufficient evidence. The…
The MCA Ministry of Corporate Affairs has "broken its silence on data privacy concerns" after a newly registered company was "flooded with spam calls." The company complained that…
The Ambani family, through promoter group firms, has infused ₹15,825 crore into Jio Financial Services JFS via a preferential issue of convertible warrants. This significant…
Mobikwik, the fintech platform, has reported a six-fold surge in losses for Q1 FY26, reaching ₹42 crore. This comes despite the company's revenue from operations declining by…
Swiggy has reported a significant widening of its losses to ₹1,197 crore in Q1 FY26, up 96% year-on-year. Despite this, the company's operating revenue soared by 54% to ₹4,961…
The Punjab & Haryana High Court has directed a petitioner challenging a notice under Section 13 4 of the SARFAESI Act to "approach the DRAT Debt Recovery Appellate Tribunal ." The…
The Delhi High Court has granted anticipatory bail to the director of NewsClick Studio in PMLA Prevention of Money Laundering Act proceedings, citing "prolonged investigation."…
The Income Tax Department has initiated a crackdown on gold jewellers who are allegedly using an "illegal accounting trick." The department has discovered that some jewellers are…
The IBBI Insolvency and Bankruptcy Board of India has upheld the "suspension of a registered valuer for non-transparent land valuation in a CIRP Corporate Insolvency Resolution…
The ITAT Income Tax Appellate Tribunal has upheld the rejection of a taxpayer's books of account for the "absence of a stock register and abnormal cash sales," confirming a "5%…
The CBI has arrested an Income Tax Inspector and a middleman in a ₹70,000 bribery case in Vijayawada. The officials were caught in a trap while allegedly demanding and accepting a…
A 75-year-old senior citizen has received an income tax notice for Assessment Year AY 2014, raising concerns about the department's use of its legal powers. The notice, which…
The Income Tax Department has initiated a crackdown on the "jewellery sector over the misuse of inventory valuation rules." The department is investigating a scheme where some…
The Supreme Court has ruled that a "contractual arbitration clause will not override a statutory arbitration obligation." This judgment clarifies the hierarchy of legal…
The Calcutta High Court has ruled that a "scheme of arrangement/compromise sanctioned by a company court cannot be unilaterally frustrated by invoking the provisions of the…
The Allahabad High Court has reiterated that the "burden of proof to prove a 'best judgment assessment' as perverse lies with the assessee." This ruling clarifies the legal…
The Bombay High Court has ruled that a wife "accusing her husband of impotency during divorce proceedings does not constitute defamation." The court’s decision came while quashing…
The Allahabad High Court has commuted the death sentence of a man convicted of the rape and murder of his minor cousin to "life imprisonment for 25 years without remission." The…
The Delhi High Court has emphasized the need for a wife to provide "proof of torture to substantiate her domestic violence DV case." The court was hearing a plea for anticipatory…
The Delhi High Court has refused to interfere with the dismissal of a Delhi University professor who was accused of "sexually harassing students." The court upheld the…
Swiggy's losses have reportedly doubled in Q1 FY26 to ₹1,197 crore, even as its revenue grew by 54%. The significant increase in losses is attributed to rising operating costs,…
Confluent, a data streaming firm, has announced a $200 million investment over the next three years to fuel the growth of its global partner ecosystem. This commitment is aimed at…
Mobikwik, the fintech platform, has reported a six-fold surge in losses for Q1 FY26, reaching ₹42 crore. This comes despite the company's revenue from operations declining by…
PB Fintech, the parent company of Policybazaar and Paisabazaar, reported a strong financial performance in Q1 FY26, with revenue increasing to ₹1,348 crore and profit growing by…
Safe Security, a cyber security firm, has raised $70 million in a Series C funding round led by Avataar Ventures. The capital will be used to accelerate the development of…
Swiggy is reportedly considering an "exit from its strategic stake in mobility company Rapido" due to a "conflict of interest." Swiggy, which holds a minority stake in Rapido, has…
Swiggy has reported a significant widening of its losses to ₹1,197 crore in Q1 FY26, up 96% year-on-year. Despite this, the company's operating revenue soared by 54% to ₹4,961…
The Delhi High Court has sought a reply from the NIA National Investigation Agency on a plea filed by former MLA Engineer Rashid, "challenging terror funding charges." The court's…
The Supreme Court has recalled its judgment that had ordered the "liquidation of Bhushan Power & Steel Limited BSPL ," directing that the "JSW resolution plan be considered…
The SEBI has extended the timeline for the implementation of the "revised nomination framework for mutual funds and demat accounts" to accommodate stakeholder feedback. This…
The Supreme Court of India is set to conclude its hearings on the long-pending GST case related to online gaming. This high-stakes legal matter will decide whether GST should be…
The ITAT Income Tax Appellate Tribunal has quashed a part of an income tax addition under Section 69A on cash deposits made during demonetization. The tribunal's decision was…
Swiggy is mulling the divestment of its stake in mobility company Rapido due to a potential conflict of interest. The move comes as Swiggy's own quick commerce business,…
The Sleep Company, a D2C smart-mattress brand, is in the process of raising ₹105 crore in a Series D funding round led by Saffron Investments. The funding, which also sees…
Inflection Point Ventures IPV has launched a $110 million 'IPV International' angel fund from GIFT City. The fund is a Category I Angel Fund and has already made its first…
The AI companion app Mello is in advanced talks with Peak XV Partners and DeVC to raise a seed funding round of approximately $2.5 million. The Pune-based startup, which offers AI…
Plus Gold, a startup that gained fame on "Shark Tank India," has reportedly shut down. The company, which dealt in gold jewelry, is facing consumer complaints of unfulfilled…
The Indian government has approved financial support for 23 companies under the Design-Linked Incentive DLI scheme to develop chipsets. This move is part of a broader push to…
The ITAT has ruled in favor of a co-operative society, confirming that its "bank interest income is eligible for an 80P deduction." This decision provides significant relief to…
The CESTAT Customs, Excise, and Service Tax Appellate Tribunal has quashed a customs duty demand on "re-imported rejected diesel generator sets," citing a "lack of suppression."…
The ITAT has allowed a "foreign exchange loss as a revenue expenditure," deleting the disallowance by the tax authorities. The tribunal's ruling likely hinged on the fact that the…
The ITAT has dismissed a tax appeal by the Income Tax Department after it "failed to place on record the alleged accommodation entries" that led to an addition under Section 69A.…
The ITAT Income Tax Appellate Tribunal has struck down a reassessment proceeding for a co-operative society, citing that the approval was granted by the "wrong authority." This…
The ITAT Income Tax Appellate Tribunal has ruled that a Section 14A disallowance should be "restricted to exempt income and investments," upholding a CIT A order and rejecting the…
A Bengaluru techie has been arrested in connection with a ₹379 crore cryptocurrency theft from CoinDCX. The police allege that the employee's office credentials were used in the…
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