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The Central Board of Indirect Taxes and Customs CBIC has notified the second amendment to the CGST Rules, 2017, with key changes in Rule 164. This amendment introduces specific…
The Income Tax Appellate Tribunal ITAT has remanded a case back to the Commissioner of Income Tax CITe concerning the rejection of a trust’s registration under Section 80G. The…
The ITAT has declared that excise duty refunds under an industrial promotion scheme are capital receipts and not taxable. This ruling clarifies the tax treatment of such refunds.…
TRAI has relaxed deadlines for telcos to implement anti-spam measures. This decision provides telcos with more time to comply with regulations. The relaxed deadlines aim to ensure…
The Indian government will contest X's lawsuit regarding the IT Act. This legal action highlights the ongoing tension between tech companies and government regulations concerning…
India’s semiconductor demand is projected to surpass $100 billion by 2030, according to the MeitY Secretary. This forecast highlights the rapid growth of the semiconductor…
BYD is reportedly considering establishing a $10 billion EV production facility in Telangana. This potential investment signifies a major boost to India’s electric vehicle…
The government is considering mandating aggregators to contribute 2% of gig workers' earnings towards pensions. This proposal aims to provide social security to gig workers, who…
The CBIC has released FAQs on restaurant services supplied at specified premises, including GST registration and tariff declarations. This guidance aims to provide clarity on the…
The Ministry of Cooperation aims for a 50% growth in milk procurement from dairy cooperatives in 5 years. This initiative, termed White Revolution 2.0, seeks to boost the dairy…
The Rajasthan High Court quashed an order issued under Section 148AD of the Income Tax Act concerning an NRI's land purchase. The court clarified that "income chargeable to tax"…
Kouzina Food Tech has invested in Shark Tank fame MOPP Foods. This investment highlights the growing interest in innovative food tech startups. The funding will support MOPP…
The cabinet has approved a ₹22,919 crore PLI scheme for electronics components. This scheme aims to boost domestic manufacturing of electronic components. The PLI scheme is…
The consumer commission dismissed an investor’s complaint regarding the WazirX hack. This decision clarifies the responsibilities of cryptocurrency exchanges in handling security…
Refex has dropped its plan to acquire Gensol’s EV fleet, creating fresh trouble for BluSmart. This development presents new challenges for BluSmart’s expansion plans. The dropped…
Paytm has sold its 12.75% stake in Jugnoo for ₹3 crore. This transaction indicates Paytm’s strategic adjustments in its investment portfolio. The sale reflects the dynamic nature…
The Gujarat High Court stayed the recovery of dual GST orders for the same period but on different grounds. This ruling addresses the issue of conflicting GST orders, preventing…
The Madras High Court granted transit bail to Kunal Kamra in connection with a Mumbai Police case related to a satire video on Chief Minister Eknath Shinde. This decision…
The CBI informed the Calcutta High Court that the RG Kar incident was not a gang rape and is investigating alleged cover-ups. The state questioned the revival of a concluded…
BluSmart is set to deploy 300 electric cabs on Uber and Rapido platforms. This move expands the availability of electric vehicles in ride-hailing services. The deployment aims to…
The Tata Neu HDFC Bank credit card has crossed 2 million issuances. This milestone highlights the success of the partnership between Tata Neu and HDFC Bank. The credit card’s…
The Chief Minister launched development work for a ₹10,000 crore media health insurance scheme in Jaipur. This initiative aims to provide comprehensive health insurance coverage…
An insurance company rejected a widow’s claim and was subsequently ordered to pay over ₹20 lakh. This case highlights issues related to insurance claim rejections and legal…
HSBC laid off bankers on bonus day, with no payouts given. This action highlights the challenges faced by employees in the financial sector. The layoffs reflect the volatile…
The Kerala High Court addressed matters related to the Inquiry Commission on Munambam. This case involves the legal framework and procedures for conducting inquiries. The court's…
The Jharkhand High Court ruled that a penalty under the RTI Act cannot be imposed without notifying the responsible officer. This decision emphasizes the importance of procedural…
The Delhi High Court provided detailed reasons for its ruling that service charges on restaurant bills are not mandatory. This decision clarifies the legal position on service…
India’s third-quarter current account deficit was limited by service exports, according to RBI data. This data highlights the role of service exports in stabilizing India’s…
ORERA empanels forensic audit firms to probe project flaws in Bhubaneswar. This action aims to ensure transparency and accountability in real estate projects. The empanelment…
The Gujarat High Court stayed the recovery of dual GST orders for the same period but on different grounds. This ruling addresses the issue of conflicting GST orders, preventing…
The ITAT has quashed the CITe’s rejection of an application for final approval under Section 80G, citing a timely application. This ruling emphasizes the importance of adhering to…
The Delhi High Court ruled that customs can clone data of seized electronic devices as per statutory procedure and need not retain devices throughout prosecutions. This decision…
The Punjab & Haryana High Court addressed cybercrime cases involving impersonation of law agencies. This ruling highlights the increasing prevalence of cybercrime and the need for…
The NCLAT found that Google abused its dominant position but did not deny market access to other players. This ruling addresses antitrust issues related to Google's market power.…
StayVista clocked ₹140 crore in revenue in FY24, cutting losses by one-third. This financial performance indicates StayVista’s improving profitability. The reduction in losses is…
The Kerala High Court addressed matters related to the Inquiry Commission on Munambam. This case involves the legal framework and procedures for conducting inquiries. The court's…
The BSE stock jumped 18% as the NSE deferred its Monday expiry. This market reaction highlights the impact of regulatory decisions on stock prices. The jump reflects investor…
Seven fraudsters were nabbed in an ₹85 lakh stock market scam in Gurgaon. This arrest highlights the ongoing efforts to combat financial fraud. The scam underscores the risks…
Jungleworks has acquired a controlling stake in Outplay and plans to invest $14 million. This acquisition will strengthen Jungleworks’ position in the market. The investment will…
Zaggle is set to acquire a 45% stake in SaaS company Effiasoft for ₹36.7 crore. This acquisition will expand Zaggle’s offerings in the SaaS sector. The deal highlights the…
Krafton has increased its stake in Nautilus Mobile to 75% with a ₹118 crore investment. This investment underscores Krafton’s commitment to Nautilus Mobile. The increased stake…
Jefferies stated that Starlink’s limited capacity will drive premium pricing in India. This analysis highlights the market dynamics for satellite internet services. The limited…
BYD is reportedly considering establishing a $10 billion EV production facility in Telangana. This potential investment signifies a major boost to India’s electric vehicle…
The government is considering mandating aggregators to contribute 2% of gig workers' earnings towards pensions. This proposal aims to provide social security to gig workers, who…
The consumer commission dismissed an investor’s complaint regarding the WazirX hack. This decision clarifies the responsibilities of cryptocurrency exchanges in handling security…
Paytm has sold its 12.75% stake in Jugnoo for ₹3 crore. This transaction indicates Paytm’s strategic adjustments in its investment portfolio. The sale reflects the dynamic nature…
The Tata Neu HDFC Bank credit card has crossed 2 million issuances. This milestone highlights the success of the partnership between Tata Neu and HDFC Bank. The credit card’s…
HSBC laid off bankers on bonus day, with no payouts given. This action highlights the challenges faced by employees in the financial sector. The layoffs reflect the volatile…
The BSE stock jumped 18% as the NSE deferred its Monday expiry. This market reaction highlights the impact of regulatory decisions on stock prices. The jump reflects investor…
The Delhi High Court ruled that the occurrence, existence, and duration of a force majeure clause is a question of fact that will be determined by an arbitral tribunal. This…
The Central Board of Indirect Taxes and Customs CBIC has notified the second amendment to the CGST Rules, 2017, with key changes in Rule 164. This amendment introduces specific…
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