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Tax professionals have urged the government to enhance the Goods and Services Tax GST Integrated Management System IMS to improve compliance in the country. According to experts,…
E-way bills have reached their second-highest level in two years, signaling a positive momentum in economic activity. The rise in the number of e-way bills, which are mandatory…
The Central Board of Indirect Taxes and Customs CBIC has amended its guidelines concerning arrest and bail procedures under the Goods and Services Tax GST Act, 2017. The new…
The Delhi High Court dismissed the bail application of former promoters of Unitech, a real estate company embroiled in financial fraud. The Enforcement Directorate ED had filed a…
Urban Company, a home services platform, filed a lawsuit against Kent, a major water purifier company, for allegedly delisting its products from e-commerce platforms. Urban…
The Uttar Pradesh High Court addressed a longstanding case involving a 33-year-old dispute. The case revolved around the applicability of the state’s litigation policy, which…
Electric vehicle startup BGauss raised INR 161 crore from Bharat Value Fund to expand its operations. The funds are aimed at scaling production and enhancing the company’s…
The GST department raided a Gurugram premises linked to PB Fintech's subsidiary, investigating possible tax evasion. The raid focused on examining the financial records and…
The ITAT has directed a fresh adjudication of additions made regarding unexplained cash deposits during demonetization. The case involved the tax department making additions to a…
The ITAT has ruled that the addition of CSR Corporate Social Responsibility funds was unjustified, as the identity and genuineness of the recipients were proven. The case involved…
Electric vehicle startup BGauss raised INR 161 crore from Bharat Value Fund to expand its operations. The funds are aimed at scaling production and enhancing the company’s…
Urban Company, a popular home services platform, is preparing to file draft papers for a potential INR 3,000 crore initial public offering IPO by March. This IPO would mark a…
Riceberg Ventures launched a USD 20 million fund aimed at supporting deeptech startups. The fund will focus on investing in cutting-edge technologies such as artificial…
Shares of ixigo, a travel technology company, rallied by 3% after JM Financial initiated coverage with a “buy” recommendation. The firm’s strong financial performance and positive…
Awfis, a co-working space provider, opened a new center in Lucknow, leading to a 5% increase in its shares. The new center expands Awfis’s footprint in India, tapping into the…
Zerodha’s asset management company AMC arm has surpassed INR 4,000 crore in assets under management AUM , marking a significant milestone. This impressive growth reflects the…
Riceberg Ventures launched a USD 20 million fund aimed at supporting deeptech startups. The fund will focus on investing in cutting-edge technologies such as artificial…
Zerodha’s asset management company AMC arm has surpassed INR 4,000 crore in assets under management AUM , marking a significant milestone. This impressive growth reflects the…
BharatPe, a leading fintech company, raised INR 150 crore through debt financing as part of its strategic plan to achieve EBITDA profitability by FY25. The company has been…
Breathe Well-Being, a health-tech startup, has laid off 100 employees amidst restructuring efforts. The company, which focuses on wellness and health-related services, cited the…
BharatPe, a leading fintech company, raised INR 150 crore through debt financing as part of its strategic plan to achieve EBITDA profitability by FY25. The company has been…
PhonePe has ventured into quick commerce by launching a new service called Pincode. This expansion into the fast-growing e-commerce segment aims to compete with established…
Electric vehicle EV manufacturer BGauss has raised INR 161 crore in funding to expand its operations. The funds will be directed towards scaling production capacity and advancing…
Wonderchef, the kitchen appliance company backed by celebrity chef Sanjeev Kapoor, has turned profitable in FY24. The company’s turnaround came through effective cost-cutting…
The CESTAT Customs, Excise, and Service Tax Appellate Tribunal has quashed orders related to central excise duty and penalties, citing issues of revenue neutrality and procedural…
The Supreme Court of India has issued a notice in response to a plea that seeks the inclusion of the Rajasthani language as a medium of instruction in schools across Rajasthan.…
The Supreme Court of India has ruled that a state government employee working on deputation in a central government department is not entitled to pension benefits under the…
Dunzo, an Indian hyperlocal delivery startup, has decided to shift its operations offline. The move comes after increasing challenges faced in scaling the business amid high…
In the daily roundup of startup news, a range of key developments include funding raises, mergers, and strategic pivots by companies. Several startups in sectors like fintech,…
The Indian government is planning to pare stakes in several public sector banks, including UCO Bank, Central Bank of India, Indian Overseas Bank, Bank of Maharashtra, and Punjab…
Bank fixed deposit FD rates continue to rise as the competition for deposits remains intense among Indian banks. The increased FD rates are a result of banks trying to attract…
Kotak Investment Banking projects that 35 billion-dollar IPOs will keep market momentum strong in 2025. The forecast indicates that several large companies are preparing to launch…
The Jharkhand High Court ruled that defendants cannot introduce additional evidence in the form of a death certificate unless relevant pleadings supporting such evidence are…
The Delhi High Court has reserved its order on the interim bail plea of Tahir Hussain, a key figure involved in the 2020 Delhi riots. The police opposed his plea, citing his role…
The Rajasthan High Court has granted interim bail to self-styled spiritual leader Asaram Bapu in connection with a 2013 rape case. Asaram, who has been imprisoned for several…
Adani Group has surpassed Mukesh Ambani's Reliance Industries in terms of mergers and acquisitions M&A deals in 2024. The group has made a series of strategic acquisitions,…
The Bombay High Court ruled that real estate disputes under the Real Estate Regulation and Development Act RERA cannot be arbitrated. The court's decision comes after a dispute…
The Indian stock market showed positive movement on January 14, 2025, with investors reacting to a mix of global cues and domestic corporate earnings. Key indices witnessed gains,…
Apollo is considering a Tenneco India IPO with a potential valuation of $2 billion. This move could reshape the automotive parts sector in India, with Apollo Group seeking to…
The Allahabad High Court stayed criminal proceedings against fashion model Mamta Rai, who faced charges for posting a controversial image of a Shiva Lingam in Kashi. The image had…
The Rajasthan High Court recently issued a judgment regarding the demotion of a government employee. The case concerned an employee who was demoted under allegations of…
The Kerala High Court ruled on the maintainability of eviction proceedings agains a tenant acquiring a share in a leasehold property. The court held that eviction can be…
Wonderchef, the kitchen appliance company backed by celebrity chef Sanjeev Kapoor, has turned profitable in FY24. The company’s turnaround came through effective cost-cutting…
PSU bank stocks have seen a rally of up to 18% as investors anticipate positive developments in the banking sector. The surge is attributed to improved financial health and the…
India is expected to lead the G20 with an average 7.3% growth in insurance premiums over the 2025-29 period. The growth forecast highlights India’s burgeoning insurance market,…
The ITAT Income Tax Appellate Tribunal has deleted additions regarding unexplained investment in shares and ruled that these could not be part of the reopening reasons recorded by…
Sukesh Chandrashekhar, an incarcerated individual, has written to the Finance Minister, offering to pay income tax on the funds amounting to crores. Sukesh, who is currently in…
The Kerala GST department has clarified the adjudication protocol for issuing multiple show-cause notices SCNs for the same issue. The clarification comes after concerns were…
The ITAT has directed a fresh adjudication of additions made regarding unexplained cash deposits during demonetization. The case involved the tax department making additions to a…
The NCLAT National Company Law Appellate Tribunal has ruled that the eviction of a tenant from the property of a corporate debtor cannot be sought under Section 60 5 of the…
Tax professionals have urged the government to enhance the Goods and Services Tax GST Integrated Management System IMS to improve compliance in the country. According to experts,…
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