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The Income Tax Appellate Tribunal ITAT rejected the addition of Long Term Capital Gain LTCG from shares as unexplained cash credit due to a lack of evidence. The ITAT emphasized…
The Central Board of Direct Taxes CBDT has successfully recovered ₹92,400 crore in outstanding tax for the financial year 2024-25. This achievement reflects the department's…
The Finance Ministry has clarified that there will be no new 5% GST imposed on food delivery apps. This announcement addresses concerns and speculations regarding potential tax…
Higher shipment values are expected to bulk up insurers' premium income. This development highlights the relationship between trade and insurance. It signals potential growth in…
The Indian government is set to sell a 4.83% stake in defence PSU Mazagon Dock through an Offer for Sale OFS . This move aims to increase government revenue and promote public…
Ambuja Cements received a Delhi High Court notice in a stamp duty case related to the Holcim merger with Adani Group company ACC. This legal development concerns the procedural…
US bank stocks have sunk as Trump's tariffs cloud dealmaking and loan demand. This development highlights the impact of trade policies on the financial sector. The tariffs are…
The US has flagged barriers in India's financial sector amidst a global tariff war. This development highlights the complexities of US-India economic relations. The US concerns…
Pratilipi has raised $20 million in a Series E funding round led by Jungle Ventures. This investment will support Pratilipi's growth and expansion plans. The funding reflects…
Assam has mandated biometric Aadhaar authentication and document verification for GST registration to enhance security and prevent fraudulent activities. This measure aims to…
A Lighthouse Canton report indicates a slowing Indian market due to domestic hurdles and global pressures. This analysis highlights the challenges facing India's economic growth.…
The potential implementation of US tariffs could lead to a major realignment in global trade, impacting India. This development highlights the interconnectedness of global…
Coworking space provider DevX refiled its Draft Red Herring Prospectus DRHP and increased its fresh issue size. This move indicates DevX's plans for an Initial Public Offering IPO…
US President Trump has indicated a possibility of implementing reciprocal tariffs on Indian imports. This move could lead to trade tensions between the US and India. The potential…
Kissht is reportedly eyeing a $225 million IPO and plans to file draft papers by June. This move indicates Kissht's ambition to expand its financial services. The IPO will provide…
Ola Electric is piloting same-day registration and delivery of its electric vehicles EVs . This initiative aims to streamline the customer experience and accelerate EV adoption.…
Defence tech startup Tonbo Imaging secured INR 175 crore in funding. This investment will support Tonbo Imaging's development of advanced imaging technologies for defense…
Zeca Capital's INR 150 crore sustainability-focused fund received SEBI approval. This fund aims to invest in sustainable and environmentally responsible ventures. The SEBI nod…
Foxconn's India arm is set to focus on Apple supply chain services and has rejigged its board. This strategic shift aims to strengthen Foxconn's role in Apple's manufacturing…
Flipkart's Singapore-based parent company infused INR 3,249 crore into its Indian marketplace arm. This capital injection aims to bolster Flipkart's operations and market presence…
Scapia secured $40 million in a Series B funding round led by Peak XV and other investors to expand its travel offerings. The funding will support Scapia's growth in the travel…
Mamaearth's parent company, Honasa Consumer, granted ESOPs worth ₹57 crore to its employees. This move aims to incentivize employees and align their interests with the company's…
Dubai's top court ruled in favor of Honasa Consumer Mamaearth's parent company in a dispute with a distributor. The ruling resolves a legal conflict concerning distribution rights…
FurtherAI, a startup founded by TurboHire co-founder Aman Gour, has raised $5 million. This funding will support the development of FurtherAI's artificial intelligence solutions.…
Sweet Karam Coffee has raised $8 million from Peak XV and Fireside Ventures. This funding will support the company's expansion and growth in the specialty coffee market. The…
RapidClaims has secured $8 million in funding to offer SaaS solutions to healthcare providers. This investment will support the development and expansion of RapidClaims'…
E-waste recycler Attero is nearing ₹450 crore in revenue in FY24. This financial performance reflects Attero's growth and success in the e-waste recycling sector. It highlights…
Scapia has raised $40 million in a Series B funding round led by Peak XV. This funding will support Scapia's expansion and development of its financial services. The investment…
Pratilipi has raised $20 million in a Series E funding round led by Jungle Ventures. This investment will support Pratilipi's growth and expansion plans. The funding reflects…
The National Company Law Tribunal NCLT rejected an insolvency plea against Zomato. This decision underscores the tribunal's assessment of the financial stability of Zomato. The…
The Calcutta High Court ruled that directions for a refund of an amount with interest must be considered in the background of the conduct of the parties during arbitral…
The NCLAT ruled that the Adjudicating Authority cannot suo moto amend the date of default mentioned in an insolvency application unless an amendment application is filed. This…
The NCLAT ruled that a liquidation order passed under Section 33 of the IBC cannot be set aside when a third party has taken possession of property after a sale conducted by the…
The NCLAT ruled that the Committee of Creditors CoC is not prohibited from seeking modifications or revisions of resolution plans from resolution applicants multiple times. This…
The National Company Law Appellate Tribunal NCLAT ruled that a decree obtained by operational creditors from a civil court does not mean they cease to be operational creditors.…
Bengaluru has introduced a garbage tax, requiring residents to pay a new trash tax from April 1st. This decision aims to improve waste management and sanitation in the city. The…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT ruled that failure to file a declaration may be considered a technical irregularity if customs authorities failed to…
The Bombay High Court addressed Hansika Motwani's quashing plea in a Section 498A IPC case. The court's decision involves the examination of evidence and legal arguments related…
The Jammu and Kashmir High Court addressed the issue of an arbitral award's signed copy and the limitation period. The court's ruling provides clarity on the legal requirements…
The Calcutta High Court ruled that an arbitration clause contained in an incomplete Memorandum of Understanding MOU cannot form the basis for initiating arbitration proceedings.…
The Punjab and Haryana High Court criticized the Senior Superintendent of Police SSP for delaying the decision on a representation from a runaway couple seeking protection. The…
The Punjab and Haryana High Court converted the death penalty into a life sentence for a father convicted of the rape and murder of his daughter. The court considered the specific…
The Kerala High Court ruled that once arbitration has commenced, parties must wait until the award is pronounced, unless an appeal is available under Section 37 of the Arbitration…
The Bombay High Court allowed Anand Teltumbde, an accused in the Bhima Koregaon case, to travel abroad for lectures. The court's decision balances individual rights with the…
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The Uttarakhand High Court criticized the GST department for negatively blocking ITC without a pre-intimation notice, stating that no provision allows coercive action before such…
The Madras High Court refused to quash a chargesheet against MA Subramanian. This decision allows the legal proceedings to continue. The ruling underscores the court's commitment…
X Corp challenged the Indian government's content blocking orders in the Karnataka High Court, citing free speech concerns. The court's ruling addresses the balance between…
The Kerala High Court addressed the issue of abuse of non-cognizable sanctions. The ruling provides clarity on the legal procedures for handling such cases. This decision…
The Bombay High Court imposed ₹25,000 costs on industrialist Anil Ambani for seeking an urgent hearing in a tax case. The court's decision underscores the importance of adhering…
The Income Tax Appellate Tribunal ITAT rejected the addition of Long Term Capital Gain LTCG from shares as unexplained cash credit due to a lack of evidence. The ITAT emphasized…
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