Stable Money, a Bengaluru-based wealthtech platform, has successfully raised $20 million ₹173 crore in a Series B funding round. The investment was led by Nandan Nilekani's…
03/06/20251 min read
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Stable Money, a Bengaluru-based wealthtech platform, has successfully raised $20 million ₹173 crore in a Series B funding round. The investment was led by Nandan Nilekani's…
Ervin Tu, the President and Chief Investment Officer of the Dutch technology investor Prosus, will step down from his role but will remain as an advisor to the group. Tu stated…
Lendingkart, a small business lender backed by Fullerton, has reported a loss of Rs 143 crore in the first half of FY25, a significant decline from a Rs 3 crore profit in the…
Meesho, the SoftBank-backed e-commerce platform, has approved a bonus issue worth ₹411.23 crore as it prepares for its Initial Public Offering IPO . The board passed a resolution…
Flipkart's logistics arm, Ekart, has gone live on the Open Network for Digital Commerce ONDC . This integration aims to enhance the logistics infrastructure available to sellers…
Stable Money, a Bengaluru-based wealthtech platform focused on fixed-income investments, has successfully raised $20 million INR 173 crore in a Series B funding round. The…
Moneyview, a fintech unicorn, has taken a significant step towards its Initial Public Offering IPO by converting into a public entity. The company has obtained shareholders'…
Morgan Stanley has raised its forecast for India's quick commerce market to $57 billion by 2030, a significant increase from its previous estimate of $42 billion. The brokerage…
Aakash Educational Services Limited AESL has moved the NCLT against EY, seeking to implead the consultancy firm and its partner Ajay Shah in the ongoing Byju's case. AESL alleges…
True Diamond, a Mumbai-based lab-grown diamond startup, has secured $3 million INR 26 crore in a fresh funding round. The round was led by India Quotient, with participation from…
Amazon India has rolled out a new INR 5 marketplace fee for all users on most orders, with some exceptions for categories like gift cards and digital services. This fee is…
Caret Capital, a sustainability-focused fund, has announced the first close of its INR 400 crore fund, raising over INR 160 crore within six months. The fund's primary focus is on…
Paytm has floated a Singapore subsidiary, following its foray into the UAE market. This international expansion reflects Paytm's ambition to broaden its global footprint. The…
Accel has offloaded Blackbuck shares worth INR 203.8 crore. This transaction represents a significant divestment by Accel, a major investor in Blackbuck. The sale indicates a…
Decoding Snabbits' Series B round valuation and cap table provides insights into the company's financial structure. This analysis is crucial for understanding the dynamics of…
Stable Money has raised $20 million in a funding round led by Fundamentum. The investment will support Stable Money's growth and expansion in the fintech sector. This capital…
Fintech unicorn Moneyview is planning to convert into a public company ahead of its anticipated IPO. This strategic move is a necessary step for a public listing, aligning the…
Feminine care brand Plush is set to kick off its Series B funding round, targeting a valuation surge to three times its previous level. This indicates strong investor confidence…
The Delhi High Court has declared "Ritz" and "Ritz-Carlton" as well-known trademarks. This declaration provides enhanced protection to these brands, preventing their misuse by…
The Himachal Pradesh High Court granted bail to a married man accused of rape by a woman he met on Bumble. The court considered the circumstances of the case, including the nature…
The NCLT has issued a notice regarding fresh insolvency pleas filed against BluSmart and Gensol. This development indicates that these companies are facing potential insolvency…
The Punjab and Haryana High Court initially issued a contempt notice against a DSP for seeking a certified copy of a pre-arrest bail order. However, the court later took a lenient…
The Jammu & Kashmir High Court has ruled that the personal presence of a bank manager is not mandatory in cheque bounce cases. The court held that any authorized bank official…
The Kerala High Court has addressed the overlap in jurisdiction between the Telecom Regulatory Authority of India TRAI and the Competition Commission of India CCI . The court…
The Delhi High Court quashed a POCSO case, ordering the accused to perform community service and pay a fine of ₹50,000. The court took a lenient view, considering the specific…
The Allahabad High Court has issued a ruling concerning criminal cases filed by a spouse and mutual consent divorce under the Hindu Marriage Act. The court clarified the…
The Delhi High Court dismissed a writ petition concerning illegal construction, noting that the petitioner had no direct interest in the matter. The court found that the…
The Delhi High Court has constituted a larger bench to decide on the retrospective applicability of the extended limitation period for reassessment in cases involving foreign…
The Kerala High Court has issued guidelines to prevent the circumvention of the Passport Act and Rules through passport correction procedures. The court noted instances where…
The Kerala High Court has clarified the rights of a wife in a shared household after her husband's death. The court held that the wife continues to have the right to reside in the…
The Himachal Pradesh High Court has ruled that a notice issued under Section 148 of the Income Tax Act, without providing reasons, is invalid. The court emphasized that it is…
The CBDT has advanced the due date for filing Form 64A and 64E to June 15th for Assessment Year 2025-26. These forms are related to reporting by investment funds. This change…
ITR filing for AY 2025-26 has commenced, with over 54,000 returns filed within the first three days. This early filing trend indicates increased awareness and compliance among…
The CBIC has notified the assignment of 700 appeals to the Mumbai Zone-I Customs Commissioner. This move aims to expedite the resolution of pending customs appeals, reducing…
The ITAT has directed the Assessing Officer AO to verify R&D expense allocation for Piramal Enterprises, amid an unproven link to the company's Baddi units' manufacturing…
The CESTAT has held that ERP services provided to an overseas client qualify as export and quashed a service tax demand on limitation grounds. The tribunal found that the services…
The Supreme Court has stayed a Madras High Court order allowing income tax reassessment against Dalmia Bharat and its subsidiaries. The apex court's intervention provides interim…
The Madras High Court has granted relief to a DMK trust by quashing income tax transfer orders due to procedural issues. The court found that the transfer of the trust's case to a…
The CESTAT has ruled that accrued CENVAT credit is a statutory right and cannot be denied without a clear legal provision. The tribunal emphasized that once the credit is validly…
The ITAT has ruled in favor of Piramal Enterprises, deleting an 80IC disallowance and rejecting interest allocation to its Baddi unit funded by a rights issue. The tribunal found…
The ITAT has restored a society's status and remanded a disallowance matter, finding no basis for its treatment as a cooperative bank. The tribunal identified procedural lapses…
The ITAT upheld the deletion of disallowance on technical know-how fees paid by Jindal Pipes, citing that the expenses were genuine and necessary for the business. The tribunal…
The CESTAT has ruled that redemption fine is not justified on re-exported goods due to the supplier's mistake. The tribunal held that if goods are re-exported due to errors made…
The CESTAT has held that construction services provided to the Delhi Development Authority DDA are not taxable under Construction of Complex, Building or Immovable Civil Structure…
The ITAT has ruled that deduction under Section 80JJAA cannot be denied solely for the late filing of Form 10DA before the return due date. The tribunal held that as long as the…
A new Supreme Court ruling may lead to dual taxation for Over-The-Top OTT platforms and gaming apps. The ruling clarifies the applicability of both entertainment tax and GST on…
The Bombay High Court has sought the state's reply to an anticipatory bail plea filed by actor Ajaz Khan in a rape case. Khan is seeking pre-arrest bail in connection with…
Gross GST revenue for May 2025 reached Rs 2.01 lakh crore, a significant 16.4% year-on-year increase, signaling robust economic activity and improved tax compliance. This marks a…
A Chartered Accountant CA was arrested by the CBI for allegedly accepting a bribe of Rs 10 lakh on behalf of a CGST officer. The CA, acting as a middleman, was caught red-handed…
The Madras High Court recently ruled that an Income Tax Assessing Officer AO possesses the discretion to grant relief under Section 220 6 of the Income Tax Act, even if the tax…
Stable Money, a Bengaluru-based wealthtech platform, has successfully raised $20 million ₹173 crore in a Series B funding round. The investment was led by Nandan Nilekani's…
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