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Charitable and religious trusts are set to face stricter scrutiny from the Income Tax Department in the fiscal year 2025-26. The department is increasing its focus on ensuring…
The Customs, Excise and Service Tax Appellate Tribunal CESTAT has dismissed a jurisdictional challenge, ruling that officers of the Central GST CGST department are empowered to…
In a case concerning service tax classification, the Customs, Excise, and Service Tax Appellate Tribunal CESTAT has clarified the tax treatment for a club that provides space for…
The Karnataka High Court has provided interim relief to the marketing head of the Royal Challengers Bengaluru RCB IPL team and representatives of the event management company,…
The Bombay High Court has granted interim relief to the popular pub chain, "Social," in a trademark infringement case it had filed against another establishment named "Social…
Fintech giant Razorpay has acquired a majority stake in the loyalty and rewards management startup, Pop, with an investment of $30 million. This acquisition marks Razorpay's entry…
Online travel aggregator MakeMyTrip is planning to raise approximately $2.5 billion in a strategic move aimed at significantly reducing the shareholding of its largest Chinese…
The Competition Commission of India CCI has given its approval for the acquisition of the logistics and supply chain company, Ecom Express, by its rival, Delhivery. This is a…
The Ministry of Corporate Affairs MCA has announced that its MCA21 portal will be unavailable for a period of 26 days, from June 27 to July 22, 2025. This shutdown is necessary to…
In a case concerning the provisional attachment of a bank account under Section 83 of the CGST Act, the authorities have issued an order for the revocation of the attachment.…
The Appointments Committee of the Cabinet has approved the appointment of Ms. Anuradha Thakur, an IAS officer, as the new Secretary of the Department of Economic Affairs DEA . She…
ArisInfra, an infrastructure solutions company, has successfully raised Rs 225 crore from anchor investors ahead of its Initial Public Offering IPO . The anchor investor round saw…
In a major strategic financial maneuver, the online travel company MakeMyTrip is set to raise over $2 billion. A key objective of this large-scale fundraising is to reduce the…
Following a split with its former partner Kois Invest, Quadria Capital has launched a new $300 million venture capital fund named HealthQuad. This fund will be dedicated to…
Quick commerce unicorn Zepto has decided to defer its Initial Public Offering IPO plans to focus on achieving profitability and increasing its domestic shareholding. Co-founder…
Blinkit's dark store in the Balewadi area of Pune has reportedly resumed its operations after being temporarily shut down by the Maharashtra Food and Drug Administration FDA . The…
The Delhi State Consumer Disputes Redressal Commission has held the Air Force Naval Housing Board AFNHB liable for a deficiency in service due to a significant delay in the…
The Gauhati High Court has ruled that a party's right to appoint an arbitrator is not automatically forfeited simply because they failed to do so within the 30-day period after…
The Delhi High Court has clarified a crucial procedural point in civil litigation involving arbitration, ruling that an application to refer a dispute to arbitration under Section…
Saswat, a fintech startup, has successfully raised $2.6 million in a new funding round. The company is focused on providing specialized financial offerings to micro-enterprises, a…
The Unified Payments Interface UPI is set to become faster and more efficient as new mandates from the National Payments Corporation of India NPCI come into effect. These mandates…
Lenskart, the omnichannel eyewear retailer backed by SoftBank, is set to file its draft papers for an Initial Public Offering IPO in the coming weeks. The company is aiming to…
Several brokerage firms have urged the Securities and Exchange Board of India SEBI to take action to protect small investors from incurring significant losses in the futures and…
India has shared a detailed discussion paper with Peru ahead of the next round of trade negotiations between the two countries. This paper outlines India's position and proposals…
The Kerala High Court is examining the scope of the Enforcement Directorate's ED powers in a bribery case that was initially investigated by the state's Vigilance and…
Fintech giant Razorpay has acquired a majority stake in the loyalty and rewards management startup, Pop, with an investment of $30 million. This acquisition marks Razorpay's entry…
Online travel aggregator MakeMyTrip is planning to raise approximately $2.5 billion in a strategic move aimed at significantly reducing the shareholding of its largest Chinese…
The Securities and Exchange Board of India SEBI has restrained Sanjiv Bhasin, a former director at the brokerage firm IIFL, from accessing the securities market for his…
The Reserve Bank of India RBI has announced that it will re-issue government securities G-secs worth Rs 27,000 crore through an auction process. This is part of the central bank's…
Mr. Binod Kumar, the newly appointed head of Indian Bank, has outlined the bank's key strategic focus areas for the near future. In an interview, he stated that the public sector…
Fintech giant Razorpay is making a strategic entry into the consumer UPI payments space with a significant $30 million investment in the loyalty and rewards platform, Pop. This…
The Cabinet Secretariat has expanded the jurisdiction of the Department of Public Grievances DPG to include matters related to the Income Tax department and the Central Board of…
Quick commerce unicorn Zepto has decided to defer its Initial Public Offering IPO plans to focus on achieving profitability and increasing its domestic shareholding. Co-founder…
Blinkit's dark store in the Balewadi area of Pune has reportedly resumed its operations after being temporarily shut down by the Maharashtra Food and Drug Administration FDA . The…
Lenskart, the omnichannel eyewear retailer backed by SoftBank, is set to file its draft papers for an Initial Public Offering IPO in the coming weeks. The company is aiming to…
Ixigo Le Travenues Technology posted a revenue of ₹314 crore in Q1 FY26, with profit up by 27%. This marks a strong financial performance for the online travel aggregator. The…
A Gujarat CA group has alleged that GST officers are leaking return data to rivals for money, exposing a nationwide scam. The Surat Chartered Accountants Association, in a letter…
The CBDT Central Board of Direct Taxes has reported a significant improvement in income tax refund times, slashed to just 17 days in 2024 from 93 days in 2013. This dramatic…
Nazara Technologies has ended its majority control in Nodwin Gaming ahead of Nodwin's internal fundraise. Nazara's shareholding in Nodwin will reduce from 51.52% to 49.6%. This…
The Telangana RERA Real Estate Regulatory Authority has penalized Ashritha Group ₹3 lakh for real estate violations in Jubilee Hills and ordered the registration of two…
The Reserve Bank of India RBI has announced that it will re-issue government securities G-secs worth Rs 27,000 crore through an auction process. This is part of the central bank's…
The Supreme Court has reaffirmed that stem cell banking services qualify as "healthcare services" in service tax exemption notifications, thereby exempting them from service tax.…
The Bombay High Court has ruled that a foreign arbitral award cannot be enforced against a person who was not a party to the arbitration proceedings. This decision clarifies the…
The upcoming GST Council meeting is anticipated to propose significant tax relief for insurance policyholders, potentially making life and health insurance cheaper. There are…
SEBI Securities and Exchange Board of India is reviewing the valuation methodology for physical gold and silver held by mutual funds through ETFs to align it with domestic market…
Relief for IndiGo: The ITAT Income Tax Appellate Tribunal has upheld the deletion of an ₹11.05 crore disallowance, as the Assessing Officer's final assessment confirmed nil…
The CESTAT Customs, Excise, and Service Tax Appellate Tribunal has clarified that Form DRC-03 is not valid for excise pre-deposit; payments must use a CBIC challan via ICEGATE or…
The Andhra Pradesh High Court has rejected anticipatory bail for three persons accused of running a brothel under the guise of a spa and evading arrest. The court noted that the…
The DRI Directorate of Revenue Intelligence has busted a Mumbai woman smuggling 6 kg of cocaine worth ₹62 crore, concealed in Oreo biscuit boxes, on a flight from Doha. This…
The Delhi High Court has directed a refund of ₹15 lakh with 4% interest, as re-credit was not permissible under an abolished scheme. The court noted that a deficiency memo for the…
Charitable and religious trusts are set to face stricter scrutiny from the Income Tax Department in the fiscal year 2025-26. The department is increasing its focus on ensuring…
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