News & Judgements

Delhi CM Rekha Gupta advocated for a completely faceless GST system at an ICAI event, highlighting ₹80,000 crore in pending GST dues as a major concern. She emphasized…

Madras HC quashed an ITC reversal order for late claims, ruling the time limit should consider subsequent amendments extending the deadline.

CESTAT allowed full Cenvat credit on printing machine cylinders, classifying them as essential components rather than standalone items.

Supreme Court affirmed that NCLT/NCLAT cannot review ED's PMLA actions, maintaining distinct jurisdictions under insolvency and anti-money laundering laws.

State-owned telecom operator MTNL has defaulted on interest payments for ₹6,100 crore worth of sovereign-guaranteed bonds, raising fresh concerns about its financial stability.…

The Karnataka High Court has ruled that MSMEs which are closed or wound up cannot benefit from NPA revival schemes under relevant government guidelines. This judgment clarifies…

Several major Indian banks including SBI and HDFC have revised their fixed deposit interest rates following the RBI's latest monetary policy announcement. These adjustments…

Public sector lender Indian Bank has set an ambitious target to recover ₹6,500 crore in non-performing assets during FY26. Managing Director Binod Kumar outlined plans to achieve…

Investment analyst Gary Black has warned that Tesla's market valuation could drop by 25% if Elon Musk were to step down as CEO. Black's analysis emphasizes Musk's unique role in…

Duplicate of summary 5 - Unicommerce revenue growth

Venture capital firm Titan Capital has released its "Indicorns 2025" list identifying 50 potential unicorns, with fintech startups dominating the selection. The report highlights…

Wearable technology company Oura has won an initial legal victory against competitor Ultrahuman in a patent infringement case. The court ruling in Oura's favor sets an important…

Tata Electronics is in advanced discussions with Dutch semiconductor firm NXP for a potential collaboration at its upcoming chip fabrication plant. This partnership would…

Skilling platform FinX has acquired BSE Institute to expand into AI and fintech training programs. This strategic acquisition allows FinX to enhance its course offerings while…

SaaS e-commerce platform Unicommerce reported 70% year-over-year revenue growth in Q4 FY25, driven by increasing adoption of its logistics and fulfillment solutions. The FirstCry…

Edtech startup Genwise, backed by Z47 Ventures, has reduced its workforce by 20% as part of restructuring efforts to optimize costs. The company, which specializes in upskilling…

Fintech NBFC DMI Finance has significantly expanded its employee stock ownership plan ESOP pool to $105 million, reflecting its focus on talent retention during rapid growth. The…

Electric vehicle ride-hailing company Evera Cabs has acquired 500 EVs from competitor BluSmart in a strategic move that signals consolidation in India's electric mobility sector.…

The Supreme Court sought the Centre's response on a petition challenging the blocking of a YouTube news channel. The court issued notice on allegations of arbitrary censorship,…

The Bombay High Court initiated suo motu proceedings to address delays in child adoption approvals, seeking explanations from concerned authorities. The court highlighted the need…

The Supreme Court strongly criticized JSW Steel for "dishonest and fraudulent conduct" in the Bhushan Power resolution case, finding its plan violated IBC provisions. The court…

India is tightening steel import controls while supporting PSUs' global acquisitions and planning a green steel manufacturing push, according to Steel Minister Kumaraswamy. This…

Market analysts identified ten key factors influencing Monday's stock market action, including global cues, FII flows, and sector-specific developments. The preview examines…

ICAI is likely to complete its review of Gensol Engineering and Blusmart Mobility's financial statements within six months. This audit scrutiny follows concerns about these green…

Netflix CEO Ted Sarandos highlighted the streaming giant's significant economic impact on India's creative economy. The company revealed substantial investments in local content…

SEBI simplified norms for stock brokers in GIFT City by abolishing separate NOC requirements. This regulatory easing aims to boost activity in India's international financial…

Amazon filed an appeal challenging Delhi High Court's trademark infringement verdict against it. The case involves complex e-commerce branding issues and could set important…

Streaming platform Ullu removed its controversial show 'House Arrest' after NCW summoned its CEO over explicit content concerns. The incident highlights ongoing tensions between…

Finnish wearable company Oura secured an initial victory in its patent infringement case against Indian rival Ultrahuman. The dispute involves smart ring technology and highlights…

Aerospace components manufacturer Aequs announced plans to convert into a public company, marking a significant milestone in its growth trajectory. The transition aims to access…

The Supreme Court held that using fake court orders constitutes contempt of court, emphasizing the seriousness of manipulating judicial processes. This ruling strengthens the…

The Supreme Court ruled that arbitral tribunals can implead non-signatories to arbitration proceedings in certain circumstances. This judgment clarifies the scope of arbitration…

SEBI ordered the winding up of Cinema Capital Venture Fund due to gross mismanagement and regulatory violations. The markets regulator found serious lapses in fund operations and…

The Jharkhand High Court proposed a novel compensation mechanism suggesting fixed payouts by states or insurers for road accident injuries. This progressive recommendation seeks…

In a significant anti-corruption ruling, the Supreme Court declared stamp vendors as public servants under the Prevention of Corruption Act. The decision brings stamp paper…

The Supreme Court held that in gang rape cases, even one penetrative act is sufficient to convict all accused if common intention is established. This landmark interpretation of…

The Himachal Pradesh High Court ruled on insurance company liability regarding compensation for gratuitous passengers under the Motor Vehicles Act. The judgment clarifies that…

Allahabad HC condemned expectations that rape survivors should resist beyond their capacity, recognizing psychological trauma. The progressive judgment challenges outdated notions…

In a relief to a gas agency, ITAT overturned CIT A 's order and restored the appeal concerning ₹10 lakh demonetization cash deposits. The tribunal found the lower authority's…

The ITAT granted a final opportunity in a case involving additions related to demonetization, remanding the matter back to CIT A while acknowledging the hardships faced during the…

SEBI introduced a new framework allowing stock brokers to operate in GIFT IFSC through separate business units. This liberalized approach aims to develop GIFT City as a global…

Delhi HC refused to entertain a petition in a ₹500 crore GST fake invoice scam, directing the petitioner to seek appellate remedies first. The decision reinforces the hierarchy of…

New rules effective May 1 introduce five major changes impacting households' finances, including revised TDS thresholds, updated power tariff structures, and modified insurance…

Delhi HC ruled Punjab & Sind Bank's income from securities constitutes business profits, not investment returns. This classification allows deductions for related expenses and…

MCA reminded companies to file Form PAS for the half-year ending March 2025 before the deadline. This form discloses share allotments and helps monitor corporate fundraising…

The government has banned all direct/indirect imports from Pakistan, including goods in transit. This trade restriction follows escalating geopolitical tensions and aims to…

Delhi HC directed fresh hearing on GST demand involving ₹100+ crore ITC claims where suppliers' registration was cancelled retrospectively. The court emphasized the need to…

ITAT upheld deletion of ₹200 crore addition in DLF's case, dismissing revenue's appeal. The tribunal found the department failed to substantiate its claims about undisclosed…

ITAT cancelled penalties after finding the assessment order was mechanically approved under Section 153D without proper application of mind. The tribunal stressed that…

A Delhi court has issued notices to Sonia and Rahul Gandhi in the National Herald money laundering case based on ED's chargesheet. The court will examine allegations of financial…