General Atlantic increases stake in PhonePe to 9% with $600 Mn secondary
Global private equity firm General Atlantic invested $600 million in PhonePe, increasing its stake to 9%. The transaction reflects confidence in India’s fintech ecosystem and…
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Global private equity firm General Atlantic invested $600 million in PhonePe, increasing its stake to 9%. The transaction reflects confidence in India’s fintech ecosystem and…
Heritage Foods announced acquisition of a majority stake in Get-A-Way, a dessert brand specializing in healthy ice creams and snacks. The strategic acquisition strengthens…
The CESTAT ruled that restaurant services provided in non-air-conditioned premises are exempt from service tax under the Mega Exemption Notification. The bench clarified that mere…
Headnote: The Kerala High Court quashed criminal proceedings arising from a private dispute after the parties reached an amicable settlement. Exercising its inherent powers under…
Headnote: The Kerala High Court directed the Regional Transport Authority RTA , Kottayam, to consider and decide within two months a representation filed by the petitioner seeking…
Headnote: The Kerala High Court dismissed an anticipatory bail application filed directly before it under Section 482 of the Bharatiya Nagarik Suraksha Sanhita BNSS , 2023,…
Kerala High Court on Preventive Detention: Bail Status Must Be Considered Citation: 2025:KER:72703 Case: Subaida v. State of Kerala & Ors. Court: High Court of Kerala at Ernakulam…
Headnote: The Kerala High Court directed a housing finance company to consider a borrower’s representation for settling loan dues, treating it as a request for full and final…
The Surya Kant appointment as next Chief Justice of India was cleared by the Central Government. The article from Bar & Bench reports the government decision in relation to…
Biotech startup Helex secured $3.5 million to develop targeted therapies for rare genetic kidney diseases. The article explains how Helex’s approach uses genetic research and…
Argus Partners advised proptech platform HouseEazy on its $16.9 million Series B funding led by Accel, with Chiratae Ventures and Antler participating. The capital will expand…
Headnote: The Kerala High Court exercised its inherent powers under Section 528 of the Bharatiya Nagarik Suraksha Sanhita, 2023 BNSS to quash criminal proceedings after finding…
Headnote: The Directorate of Enforcement, Lucknow Zonal Office, has provisionally attached immovable properties worth ₹110.05 crore having a market value above ₹300 crore under…
Headnote: The Kerala High Court exercised its inherent powers under Section 528 of the Bharatiya Nagarik Suraksha Sanhita, 2023 BNSS to quash criminal proceedings arising from a…
Headnote: The Kerala High Court exercised its inherent jurisdiction under Section 528 of the Bharatiya Nagarik Suraksha Sanhita, 2023 BNSS to quash criminal proceedings against…
Headnote: The Directorate of Enforcement ED , Bhopal Zonal Office, has provisionally attached three immovable properties worth ₹1.14 crore situated in Indore, belonging to M/s…
Headnote: The Enforcement Directorate ED conducted extensive search operations in and around Kolkata in connection with the Municipality Recruitment Scam in West Bengal. The…
Headnote: The Supreme Court, in deciding cross-appeals between the insured Orion Conmerx Pvt. Ltd. and the insurer National Insurance Co. Ltd. , upheld the National Consumer…
This explainer clarifies bank functioning on National Unity Day Oct 31 . It details RBI’s holiday classifications, regional variations, and operational aspects—while some branches…
The Indian Express reports on J&K High Court granting bail to an accused in a 2018 heroin-seizure case involving 50 kg contraband. The court found the accused was already in jail…
A feature on a Kashmiri man hailed for rescuing a BJP worker’s family during an attack in Pahalgam. The article recounts his bravery, subsequent recognition in Chhattisgarh, and…
The article lists 95 special trains deployed by Indian Railways to manage post-Chhath Puja passenger rush in Bihar. It provides detailed schedules, origins, destinations, and…
The Goods and Services Tax Network GSTN issued an advisory stating that the portal will soon block filing of returns that are over three years old. This measure aligns with the…
The article reports an ITAT Ahmedabad Bench decision in an income-tax appeal concerning an addition of ₹1.77,16,980 made as unexplained cash credit under Section 68 for AY…
This ITAT order addresses addition for unsecured loans where PAN details were missing. The AO treated receipts as unexplained income; CIT A partly confirmed the addition. On…
The article covers an ITAT decision restoring part of an ₹11.54 crore addition on unsecured loans earlier deleted by lower authorities. The department contended that the assessee…
This CAClubIndia update informs that ICAI is expected to declare September 2025 CA Final, Intermediate, and Foundation results on 3 November 2025. It outlines result portals, SMS…
The Advisory Board of the Consortium of National Law Universities NLUs has initiated an overhaul of the Common Law Admission Test CLAT process by forming an expert committee to…
The Institute of Chartered Accountants of India ICAI announced the release schedule for CA Final, Intermediate, and Foundation examination results for the September 2025 session.…
This article covers GSTN’s decision to restrict filing of GST returns older than three years from 1 Dec 2025. It details compliance implications for businesses with pending…
The CESTAT confirmed a service tax demand on rent received from a foreign government office in India, ruling that exemption applies only when the Ministry of External Affairs MEA…
The article discusses the representation made by the Chartered Accountants’ community seeking extension of the ITR and transfer pricing audit deadlines. Following these…
Groww’s upcoming IPO is valued at $1.85 billion, with Y Combinator expected to earn a 29x return through the offer for sale. The article details shareholding patterns, founder…
IntrCity SmartBus raised ₹250 crore in a Series D round led by A91 Partners to expand its intercity travel network, enhance tech infrastructure, and improve safety systems. The…
Swiggy’s net loss surged 74% YoY to ₹1,092 crore in Q2 FY26 despite a twofold rise in Instamart’s revenue. The company’s total expenses rose sharply due to promotional spending…
Shiprocket reported ₹1,632 crore in FY25 revenue with losses narrowing to ₹74 crore, signaling improved operational efficiency ahead of its IPO. Growth came from increased D2C…
Neobanking platform Jupiter Money raised $15 million in a funding round led by Mirae Asset and Beenext to strengthen its consumer finance products and credit features. The article…
Drip Capital secured $50 million in debt funding from institutional investors to expand its trade financing solutions for small and medium-sized businesses. The funds will support…
Online investment platform Groww announced that its IPO will open on November 4, 2025, with a price band of INR 95–100 per share. The offering marks one of the most anticipated…
The article reports that Amazon is set to cut around 800–1000 jobs across its India operations as part of a global restructuring plan. The layoffs will affect multiple departments…
Global private-equity major General Atlantic invested $600 million more into digital payments giant PhonePe, reaffirming its confidence as the company eyes an IPO. The investment…
Fintech startup Jupiter raised $15 million in a funding round at a flat $600 million valuation, backed by existing investors Mirae Asset and 3one4 Capital. The funds will be used…
IntrCity, a travel tech platform operating premium inter-city buses, secured INR 250 crore in a fresh funding round led by existing investors. The funds will be used to scale its…
The Income Tax Appellate Tribunal ITAT remanded a case involving unexplained cash deposits amounting to ₹117 crore after finding that the Assessing Officer failed to verify the…
The Supreme Court reprimanded the Uttarakhand High Court for proceeding in a case already under the apex court’s consideration, stressing the need for judicial discipline and…
The Supreme Court acquitted a man convicted of raping, murdering, and robbing an 85-year-old woman, citing significant gaps and inconsistencies in the prosecution’s evidence. The…
The report details a case where a man impersonated an income-tax officer and defrauded 35 job seekers with fake recruitment offers. It outlines the police investigation, charges…
Swiggy’s consolidated Q2 FY25 results revealed a 74% year-on-year surge in losses, reaching INR 1,092 crore despite moderate revenue growth. The increase in losses stemmed from…
Snabbit, a fast-scaling tech startup, is set to raise $30 million in a new funding round led by Bertelsmann and Lightspeed. The investment aims to expand product development,…
Swiggy’s CEO stated that the company’s grocery vertical, Instamart, will transition toward an inventory-led model to improve margins, fulfillment efficiency, and product quality…
Global private equity firm General Atlantic invested $600 million in PhonePe, increasing its stake to 9%. The transaction reflects confidence in India’s fintech ecosystem and…
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