GST Fraud: Punjab Detects Rs 1,549 Crore Bogus Billing
Punjab's Goods and Services Tax GST authorities have successfully detected a massive and intricate bogus billing scam amounting to ₹1549 crore. The fraudulent operation involved a…
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Punjab's Goods and Services Tax GST authorities have successfully detected a massive and intricate bogus billing scam amounting to ₹1549 crore. The fraudulent operation involved a…
The Bombay Stock Exchange's benchmark index, Sensex, experienced a significant upward movement, gaining 450 points to close at 74,200. This positive market sentiment mirrored a…
The Securities and Exchange Board of India SEBI , the regulatory authority for India's capital markets, has taken strict action against Varyaa Creations and its directors,…
The Income Tax Appellate Tribunal ITAT has restored a case for reconsideration, citing improper service of notice under Section 148 of the Income Tax Act. The tribunal noted that…
After an eleven-year legal battle, the Supreme Court of India has delivered a significant ruling in the Schott India case, affirming that the practice of offering volume-based…
The Delhi High Court has placed limitations on the power of magistrates to order premature revaluation of goods seized by the Directorate of Revenue Intelligence DRI in smuggling…
The Bombay Stock Exchange's benchmark index, Sensex, experienced a significant upward movement, gaining 450 points to close at 74,200. This positive market sentiment mirrored a…
Moody's Investors Service, a globally recognized credit rating agency, has issued a statement indicating that SMBC Group's recent acquisition of a 15% stake in YES Bank, a private…
Moody's Investors Service, a globally recognized credit rating agency, has issued a statement indicating that SMBC Group's recent acquisition of a 15% stake in YES Bank, a private…
Punjab National Bank PNB , a major public sector bank in India, has outlined its strategic target of increasing the proportion of its Retail, Agriculture, and Micro, Small, and…
IIFL's venture capital fund, which specifically focuses on investments in the fintech sector, has achieved remarkable returns exceeding 100% through its successful exit from…
RESSET Group, a real estate developer, has announced the launch of its new residential project named Proxima. This project has received the necessary approvals from the Gujarat…
The Securities and Exchange Board of India SEBI , the regulatory authority for India's capital markets, has taken strict action against Varyaa Creations and its directors,…
NeoSoft Technologies, following its recent sale of Web Werks, is now setting its sights on significantly scaling its cloud computing platform, NeoNXT, with an ambitious target of…
Bluestone, an e-commerce platform specializing in jewelry, has secured ₹40 crore in debt financing from a consortium of investors including BlackSoil. The company intends to…
The Delhi High Court has delivered a significant judgment overturning an arbitration tribunal's previous ruling that had granted Zostel Hospitality Private Limited a 7% stake in…
DroneAcharya, a technology firm specializing in drone solutions and services, has announced a temporary pause in its planned merger with AITMC, a company focused on artificial…
The Delhi High Court has delivered a significant judgment overturning an arbitration tribunal's previous ruling that had granted Zostel Hospitality Private Limited a 7% stake in…
ixigo, an online travel aggregator platform, has reported a significant jump in its profitability, with a 24-fold increase in profit in the fourth quarter of the fiscal year 2025.…
Karan Bajaj, the founder of the previously successful edtech platform WhiteHat Jr, has now launched a new healthcare venture named Complement1, which is focused on oncology and…
DroneAcharya, a technology firm specializing in drone solutions and services, has announced a temporary pause in its planned merger with AITMC, a company focused on artificial…
MakeMyTrip, a leading online travel aggregator OTA , has reported robust quarterly growth in its financial performance. The company's revenue for the fourth quarter surged by an…
The Union Cabinet of the Government of India has approved a significant joint venture project valued at ₹3,706 crore between HCL Group and Foxconn Technology Group for the…
IIFL's venture capital fund, which specifically focuses on investments in the fintech sector, has achieved remarkable returns exceeding 100% through its successful exit from…
Karan Bajaj, the founder of the online learning platform WhiteHat Jr, which was previously acquired by Byju's, has successfully raised $16 million in funding for his new venture,…
Haryana's Real Estate Regulatory Authority RERA has taken a firm stance in protecting the rights of homebuyers by directing Ocean Seven Buildtech, a real estate developer, to pay…
The Delhi High Court has clarified the limited scope of judicial intervention in matters concerning the appointment of arbitrators under Section 11 of the Arbitration and…
Punjab National Bank PNB , a major public sector bank in India, has outlined its strategic target of increasing the proportion of its Retail, Agriculture, and Micro, Small, and…
SoftBank, the Japanese technology conglomerate, has reported a remarkable financial turnaround, posting a substantial annual profit of $7.4 billion for the fiscal year 2025. This…
Mobile entertainment startup ReelSaga has successfully raised $2.1 million in a pre-Series A funding round. The company's primary focus is its short-video platform, which…
Dream Sports, the parent company of the popular fantasy sports platform Dream11, is set to invest $50 million to acquire minority stakes in CricBuzz and Willow TV, prominent…
Ant Financial, the financial technology affiliate of Chinese e-commerce giant Alibaba, is planning to further reduce its stake in the Indian digital payments giant Paytm by…
The Karnataka High Court delivered a significant judgment, appointing a wife as the legal guardian of her husband who is in a comatose state. This empowers her to make crucial…
The Delhi High Court has upheld the stringent bail conditions typically imposed under the Maharashtra Control of Organized Crime Act MCOCA while simultaneously emphasizing the…
The Rajasthan High Court has provided important clarification regarding the presumption of sexual intent under Section 29 of the Protection of Children from Sexual Offences POCSO…
ixigo, an online travel aggregator platform, has reported a significant jump in its profitability, with a 24-fold increase in profit in the fourth quarter of the fiscal year 2025.…
Gameskraft Technologies, a prominent gaming unicorn in India, has decided to discontinue the operations of its online poker platform, Pocket52. This strategic move comes amidst…
Karan Bajaj, the founder of the online learning platform WhiteHat Jr, which was previously acquired by Byju's, has successfully raised $16 million in funding for his new venture,…
The Delhi High Court has granted an interim injunction in favor of Piruz Khambatta, the promoter of the well-known beverage brand Rasna, restraining Franchise India Holdings…
The Delhi High Court has provided an important interpretation of copyright law, holding that the act of a copyright holder demanding exorbitant and unreasonable license fees for…
The Madras High Court demonstrated judicial leniency by allowing a Goods and Services Tax GST appeal that was delayed by 110 days. The primary reason for the delay was the…
The Securities and Exchange Board of India SEBI has announced a six-month extension to the compliance deadline for Alternative Investment Fund AIF managers to obtain the mandatory…
The Orissa High Court has held that a voluntary payment of penalty made by a taxpayer under Section 129 of the Goods and Services Tax GST Act effectively concludes the detention…
The Delhi bench of the National Company Law Tribunal NCLT has ruled that mere investment receipts issued by a real estate developer do not automatically qualify investors as…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has ruled against imposing penalties under Section 114AA of the Customs Act on a customs broker for allegedly not…
The Delhi State Consumer Commission has dismissed allegations of medical negligence leveled against a hospital, concluding that the medical professionals involved had adhered to…
Haryana's Real Estate Regulatory Authority RERA has taken a firm stance in protecting the rights of homebuyers by directing Ocean Seven Buildtech, a real estate developer, to pay…
The Authority for Advance Ruling AAR has classified "Sada Tambaku," a traditional form of chewing tobacco mixed with lime, under the 28% Goods and Services Tax GST rate. The AAR…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has quashed allegations of clandestine removal of goods that lacked any supporting documentary evidence. The…
The Income Tax Appellate Tribunal ITAT has firmly rejected the addition of income under Section 69A of the Income Tax Act that was solely based on uncorroborated WhatsApp images.…
Punjab's Goods and Services Tax GST authorities have successfully detected a massive and intricate bogus billing scam amounting to ₹1549 crore. The fraudulent operation involved a…
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