The Bombay High Court ruled that commercial speech, including advertising, is a part of free speech. The Court imposed a 90-day injunction against Wonderchef, a company owned by…
30/01/20251 min read
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The Bombay High Court ruled that commercial speech, including advertising, is a part of free speech. The Court imposed a 90-day injunction against Wonderchef, a company owned by…
The NBDSA panel held News18 Rajasthan liable for airing a misleading report on the adulteration of Tirupati Ladoo. The panel’s decision underscores the importance of responsible…
The Competition Commission of India CCI imposed a Rs 40 lakh penalty on Goldman Sachs for failing to notify its investment in Biocon, as required under the Competition Act. The…
The CCI dismissed the allegations of abuse of dominance against IREL Indian Rare Earths Limited . The Commission found that IREL’s business practices did not violate any…
The Delhi High Court rejected the request to stay Religare’s Annual General Meeting AGM amid ongoing controversies involving the Burman family’s open offer. This decision allows…
Flipkart is reportedly considering entering the astrology business by acquiring InstaAstro, a startup providing astrology-based services. This move aligns with Flipkart’s strategy…
OfBusiness has converted into a public company ahead of its upcoming initial public offering IPO . This restructuring is seen as a step to attract investors and streamline its…
PB Fintech, the parent company of Policybazaar, posted a revenue of Rs 1,292 crore and a profit of Rs 72 crore in Q3 FY25. The company’s positive financial performance reflects…
SEBI issued clarifications on the guidelines for 'finfluencers' financial influencers to ensure compliance with securities laws. The updated guidelines aim to regulate the growing…
Trifecta, a venture capital firm, marked the first close of its INR 2000 crore venture debt fund IV . This fund aims to support startups and high-growth companies, providing them…
OfBusiness, a B2B commerce platform, has transitioned into a public company in preparation for its upcoming IPO. This move is aimed at expanding its operations and tapping into…
Meta, formerly Facebook, is set to invest hundreds of billions of dollars in artificial intelligence AI as part of its efforts to remain at the forefront of technology innovation.…
Storia, a leading content and storytelling platform, reported a remarkable 51% increase in its revenue for FY24, reaching INR 169 crore. The company’s growth is attributed to a…
Deepseek, an AI company, is working to address privacy concerns by moving its operations to Indian servers, as confirmed by the Union Minister. This move aims to strengthen data…
PB Fintech, the parent company of PolicyBazaar and Paisabazaar, reported a significant 92% year-on-year increase in its Q3 profits, reaching INR 72 crore. This growth is…
Zepto, the quick-commerce startup, has launched a 10-minute instant exchange and return service for its customers. This service is aimed at enhancing the shopping experience and…
BonV Aero, a startup specializing in drone technology, has secured funding from Unicorn India Ventures. The company plans to use the funds to further develop its drone-based…
Sastasundar, an e-health platform, has ended its partnership with Flipkart after a period of collaboration. The two companies had worked together on the online distribution of…
Whirlpool Corporation has announced plans to reduce its holding in its Indian arm, Whirlpool of India. This decision is part of the company’s broader strategy to focus on its core…
Mitsubishi Electric India has agreed to acquire a significant stake in GerviGreind DataScience, a company specializing in artificial intelligence AI and data analytics. This…
SoftBank is reportedly considering an investment of up to $25 billion in OpenAI, the prominent AI research company. This significant investment is part of SoftBank’s broader…
The Indian government has launched a new credit guarantee scheme aimed at supporting micro, small, and medium enterprises MSMEs in the country. This initiative will provide…
The National Company Law Tribunal NCLT has directed the initiation of disciplinary proceedings against Byju’s Resolution Professional RP over alleged misconduct in the company’s…
In the daily startup news roundup for January 30, 2025, multiple developments were highlighted, including significant investments, new partnerships, and innovative advancements…
The Insolvency and Bankruptcy Board of India IBBI has recommended that companies explore voluntary insolvency proceedings to increase productivity and maximize value. This…
Rashtriya Ispat Nigam Limited RINL has successfully repaid overdue loans, allowing it to come out of the Special Mention Status SMS category. SMS is a classification used by…
Microfinance institutions MFIs in Udupi, Karnataka, are being urged to adhere to RBI’s guidelines for the sector. The District Commissioner has emphasized the need for these…
The Reserve Bank of India RBI has opted for a longer-term bond buyback strategy in its open market operations OMO to add liquidity to the financial system. By purchasing bonds…
The Delhi High Court ruled that foreign nationals coming to India are not required to declare their personal gold jewelry to customs authorities. The Court emphasized that…
The Supreme Court clarified the approval process for resolution plans under Section 31 of the Insolvency and Bankruptcy Code IBC , stating that the Competition Commission of India…
The NCLAT ruled that creditors are not barred from enforcing personal guarantees signed on behalf of a corporate debtor, even if they are part of a trust. The judgment ensures…
The CBDT has declared critical Income Tax IT systems as "protected systems" under Section 70 of the IT Act, 2000. These systems include those responsible for tax filing, refunds,…
The GSTN has announced that taxpayers can opt for the Composition Scheme for the Financial Year FY 2025-26 between February 4 and March 31, 2025. This scheme is aimed at…
Senior citizens in India are hoping for increased tax exemptions and better returns on savings schemes in the Union Budget 2025. With inflation eroding their fixed income, they…
The Bombay High Court has directed the Income Tax IT Department to restore the Section 87A tax rebate in the Income Tax Return ITR utility. Section 87A provides a rebate of up to…
The Kerala High Court ruled that the issuance of a consolidated Show Cause Notice SCN for multiple years is permissible under Section 74 of the CGST Act. The ruling clarifies that…
Volvo has been permitted to import internal combustion engines under the Duty-Free Import Authorization DFIA license, as there are no specific restrictions on such imports under…
The CESTAT ruled that a Show Cause Notice SCN demanding service tax on the wrongful availing of input tax credits after a three-year period is not valid. The ruling upholds the…
The Income Tax Appellate Tribunal ITAT has directed the Income Tax Department to carefully examine the generation and operations of agricultural income. The case involved a…
The CESTAT ruled that the Appellate Authority can condone delays of up to 30 days as per the provisions of the Finance Act. This ruling clarifies that the Appellate Authority has…
Eicher Motors is facing a GST demand due to credit mismatches in its transitional claims. The company had claimed input tax credits ITC on goods and services procured during the…
The CESTAT ruled that premium or salami charges for renting out immovable property are subject to service tax. The case involved a dispute over whether charges collected for…
The CESTAT dismissed the appeal of Concor India, ruling that the importation of refrigerant gas in cylinders requires prior permission from the Controller of Explosives. The case…
The CESTAT ruled that excise duty cannot be demanded for the period during which manufacturing machines were not in operation. The case involved a manufacturer of gutka products,…
The CESTAT ruled that refund adjustment against confirmed demand during the pendency of an appeal is not permissible. This decision arose in a case where a taxpayer attempted to…
The ITAT has allowed a taxpayer’s marketing expenses to be classified as revenue expenditure, thus removing the disallowance under Section 37 of the Income Tax Act. The case…
The ITAT quashed the rejection of FCRA registration, ruling that the authorities failed to provide specific details on the violation. The Foreign Contribution Regulation Act FCRA…
The ITAT directed the recalculation of Air India's exempt income, rejecting the disallowance made under Rule D of the Income Tax Act. The dispute involved the allocation of…
The ITAT ruled that interconnect charges between telecom operators are not subject to tax as royalty. The case focused on whether charges paid by telecom operators for connecting…
The ITAT set aside the NFAC order due to the denial of video conferencing without sufficient justification. The petitioner had requested a virtual hearing, but the request was…
The Bombay High Court ruled that commercial speech, including advertising, is a part of free speech. The Court imposed a 90-day injunction against Wonderchef, a company owned by…
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