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The GST registration process in Haryana, Manipur, Meghalaya, and Tripura has been updated, now requiring biometric Aadhaar authentication for applicants. This change aims to…
The CBDT has extended the deadline for calculating tax payable under the Vivad Se Vishwas Scheme, 2024, to January 31, 2025. This scheme provides taxpayers with an opportunity to…
The Indian government plans to focus on simplifying tax policies in 2025, with an emphasis on reducing complexity and increasing transparency. This initiative aligns with ongoing…
The Competition Commission of India CCI quashed the abuse of dominance complaint filed against Astrotalk by InstaAstros. The complaint alleged that Astrotalk, a leading astrology…
Pristyn Care, a healthcare startup, is reportedly in talks to raise $100 million in funding. The company is looking to expand its operations and improve its healthcare offerings,…
The National Payments Corporation of India NPCI has extended the deadline for a 30% market cap on UPI Unified Payments Interface apps until 2026. The cap, initially set to be…
EaseMyTrip cofounder Nishant Pitti has sold a 1.4% stake in the company through a block deal for ₹85 crore. The transaction follows a sustained sell-off by other stakeholders,…
Treebo Hotels, the budget hotel chain, has crossed ₹100 crore in revenue for FY24 but has also seen its losses escalate to ₹488 crore. The company's mounting losses are attributed…
Trade bodies and tax professionals have called for comprehensive GST reforms in the Union Budget 2025 to simplify compliance and ensure smooth operations for businesses. Key…
The CBDT has extended the deadline for furnishing belated or revised Income Tax Returns ITR for Assessment Year AY 2024-25 to January 15, 2025. This extension provides taxpayers…
The Directorate General of Foreign Trade DGFT has introduced a Minimum Import Price MIP on soda ash under ITC Chapter 28 to curb cheap imports that could harm domestic industries.…
NumberOne Academy, an educational startup focused on training students for competitive exams, has successfully raised ₹3 crore in funding from business coach Santosh Nair. The…
India is poised to increase its clean energy investments significantly, with a target to double its funding by 2025. This growth is part of India’s commitment to achieving…
A homebuyers' body in India has called for the implementation of targeted guidelines to counter misleading advertisements by real estate developers. The body has expressed…
The banking system in India is facing a severe liquidity deficit, crossing ₹2 trillion, despite the Reserve Bank of India RBI reducing the Cash Reserve Ratio CRR to ease liquidity…
Bajaj Broking has identified five stocks for long-term investment in 2025, including Hudco, Prestige Estates, and others. These stocks were selected based on their strong…
The CBIC has revised Basic Customs Duty BCD and Additional Customs Duty AIDC rates for various tariff items, including luxury oils and vegetables, in a move aimed at rationalizing…
The Finance Ministry has changed the location of the Madurai Debts Recovery Tribunal DRT from Uthangudi to Tallakulam. The decision aims to improve access to the tribunal for…
The Andhra Pradesh High Court ruled on the procedural violation regarding Form GST MOV-07 under Section 129 3 of the GST Act. The Court stated that a seven-day period should be…
An editorial in Business Standard discusses the ongoing liquidity challenges faced by India's banking sector. Despite recent measures by the RBI, such as a CRR cut, banks continue…
The Reserve Bank of India RBI has lifted the restrictions on Mumbai-based Sangli Sahakari Bank after 2.5 years, following improvements in its financial health. The cooperative…
The Reserve Bank of India RBI is likely to fine-tune its intervention strategies in the foreign exchange market by slowing down its dollar sales. This move is aimed at maintaining…
NABFID, the National Bank for Financing Infrastructure and Development, has invested ₹745 crore in the long-term bonds issued by NDR InvIT Infrastructure Investment Trust . This…
Power Grid Corporation of India has acquired Rajasthan IV-4A Power Transmission Ltd for ₹18.37 crore as part of its expansion strategy in the transmission sector. The acquisition…
The DGFT has imposed a Minimum Export Price MEP on the export of natural honey to protect domestic producers and stabilize the market. The move aims to prevent the export of honey…
The Telangana High Court ruled that a sole financial creditor can make a request for a one-time settlement after the Corporate Insolvency Resolution Process CIRP has begun. The…
The Kerala High Court ruled that the longevity of service cannot be the sole reason for claiming regularization of service. The case involved an employee seeking regularization…
The Reserve Bank of India RBI reported a doubling of stress in the microfinance sector during the April-September period. The rise in non-performing assets NPAs is attributed to…
The RBI has proposed the introduction of a "lookup" facility for National Electronic Funds Transfer NEFT and Real-Time Gross Settlement RTGS systems. This new feature will allow…
Shares of a public sector undertaking PSU saw a dramatic 18% increase in a single day, attracting significant investor interest. The surge in stock price was attributed to…
The government has invested Rs. 17,581 crore under the Production-Linked Incentive PLI scheme for the specialty steel sector. This move is aimed at boosting domestic manufacturing…
Cars24, India’s leading used-car platform, has appointed Himanshu Ratnoo as its new CEO to spearhead growth and innovation in the used-car market. Ratnoo, who has extensive…
The Allahabad High Court ruled that associate professors at a technology institute are not considered experts under the Information Technology Act for handling electronic…
The Rajasthan High Court addressed the issue of whether a second complaint can be filed in a cheque dishonor case under Section 138 of the Negotiable Instruments Act. The Court…
The Telangana High Court ruled on the matter of a financial creditor seeking a one-time settlement after the initiation of the Corporate Insolvency Resolution Process CIRP . The…
India Inc. has proposed a reduction in personal income tax rates ahead of the upcoming budget. The suggestion aims to boost consumer spending and stimulate economic growth,…
India’s economy is expected to grow steadily, with the RBI projecting a 6.2% growth in FY25. The resilience of India’s economy, despite global challenges like inflation and…
Jitendra Bagga, the VP of Central Operations at Zepto, a quick-commerce startup, resigned from his position. The resignation raised eyebrows, given Zepto’s rapid expansion and…
MSwipe, a leading payment solutions provider, reported a loss of Rs. 46 crore for FY24, reflecting challenges in sustaining growth in a competitive market. The company, which…
Shares of Ola, India’s leading ride-hailing company, tumbled by 4.6% following the exit of several top-level executives. The resignations raised concerns about the company’s…
The Kerala High Court ruled that Madhyamam, a media outlet, had violated the privacy of KPSC applicants by leaking personal information. The case involved allegations that the…
India is poised to increase its clean energy investments significantly, with a target to double its funding by 2025. This growth is part of India’s commitment to achieving…
Shares of Ola, India’s leading ride-hailing company, tumbled by 4.6% following the exit of several top-level executives. The resignations raised concerns about the company’s…
The Jammu and Kashmir High Court ruled on the title of land acquired gratuitously, holding that any transfer of land without consideration does not automatically confer ownership…
Technology plays a vital role in improving tax compliance in India. The Indian tax system has increasingly integrated technology to simplify compliance procedures and increase…
The Madras High Court ruled that a GST Movement MOV-09 must be issued within seven days of the notice under Section 129 3 of the GST Act. The ruling emphasized that timely…
The CESTAT ruled that activities carried out by global account managers are classified as business support services, not business auxiliary services, due to their operational…
The Karnataka High Court ruled that any GST investigation, search, seizure, and arrest conducted for tax evasion by an officer who is not authorized is invalid. The case involved…
Four individuals were arrested in Gujarat in connection with a fraud case involving CRED, an Indian fintech company. The alleged fraud, amounting to INR 12 crore, involved the…
GSTN has issued an advisory on the waiver scheme under Section 128A of the CGST Act, 2017. This scheme is available for taxpayers who have failed to file GST returns for earlier…
The GST registration process in Haryana, Manipur, Meghalaya, and Tripura has been updated, now requiring biometric Aadhaar authentication for applicants. This change aims to…
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