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The Supreme Court, in National Insurance Company Ltd. v. Orion Conmerx Pvt. Ltd., clarified that once a loss by fire is proved and there is no indication that the insured…
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…
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…
Travel platform Ixigo’s shares plummeted more than 19% after it reported a net loss for Q2 FY25, disappointing investors post-IPO. The company cited seasonally low travel demand,…
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.…
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…
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…
The Supreme Court ruled that the 2018 amendment to the Specific Relief Act does not have retrospective effect. The Court observed that unless expressly stated, legislative changes…
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…
Bengaluru-based PointAI raised INR 47 crore in a funding round aimed at scaling its AI-driven virtual try-on solution globally. The platform enables customers to visualize apparel…
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…
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 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 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…
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…
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…
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…
Logistics startup Shiprocket significantly reduced its FY25 losses by 88% to INR 74.5 crore, signaling improving unit economics as it prepares for its upcoming IPO. Revenue…
The article discusses the representation made by the Chartered Accountants’ community seeking extension of the ITR and transfer pricing audit deadlines. Following these…
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…
Swiggy reported that Instamart’s adjusted EBITDA loss narrowed by 5.2% QoQ to ₹849 crore in Q2. The report attributes the improvement to operational efficiency, cost optimization,…
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…
PB Fintech Ltd., the parent company of Policybazaar and Paisabazaar, saw its shares rise nearly 5% after announcing strong Q2 FY25 results. The company reported a surge in…
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…
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…
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,…
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…
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…
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 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 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…
Headnote: The ITAT Delhi Bench F dismissed the Revenue’s appeals and upheld relief granted to PVR Ltd. by the CIT A concerning multiple disallowances, including entertainment tax…
Headnote: The Delhi Bench of the ITAT upheld the Commissioner of Income Tax Appeals ’s order favouring PVR Ltd., dismissing Revenue’s appeals. The Tribunal ruled that i…
Headnote: The Delhi Bench of the ITAT upheld multiple findings of the Commissioner of Income Tax Appeals CIT A in favour of PVR Ltd., dismissing the Revenue’s appeals and…
Headnote: The Income Tax Appellate Tribunal ITAT , Delhi Bench, allowed the appeal of the assessee Archit Gupta and deleted the addition of ₹47,22,700 made under Section 68 of the…
Headnote: The Delhi High Court held that partial default in payment under a settlement in cheque dishonour cases under Section 138 of the Negotiable Instruments Act does not…
Headnote: The Delhi High Court refused to quash FIR No. 0182/2005 registered under Sections 498A and 406 IPC against the husband on the ground that the settlement between the…
Headnote: The Delhi High Court held that threatening or intimidating a Court-appointed Local Commissioner amounts to criminal contempt under Section 2 c iii of the Contempt of…
Headnote: The High Court held that for purposes of computing the limitation period under Section 144C 13 of the Income‑tax Act, 1961, the date of “receipt of directions” from the…
Headnote: The Delhi High Court dismissed a petition under Section 482 Cr.P.C. seeking quashing of FIR No. 359/2014 registered against the petitioner for allegedly using a forged…
Headnote: The Delhi High Court directed a fresh medical re-examination of a candidate disqualified from recruitment to the post of Sub-Inspector in Delhi Police and CAPFs on the…
Headnote: The Supreme Court dissolved a marriage on the ground of irretrievable breakdown of the marital relationship, exercising its powers under Article 142 of the Constitution…
Headnote: The Delhi High Court dismissed the appeal filed by the partners of M/s Gupta International challenging the sale of the firm’s only property. The Court held that when a…
Headnote: The Delhi High Court dismissed an appeal challenging the denial of interim injunction in a suit for specific performance. The Court held that the Appellant failed to…
Headnote: The Supreme Court upheld the Karnataka High Court’s application of the “pay and recover” principle, directing the Insurance Company to first compensate the victims of a…
Headnote The Supreme Court upheld the conviction of the appellant for murder under Section 302 IPC, confirming the Gujarat High Court’s decision that reversed the trial court’s…
Headnote: The Supreme Court upheld the Karnataka High Court’s application of the “pay and recover” principle in a motor accident compensation case involving deviation from a…
The Supreme Court, in National Insurance Company Ltd. v. Orion Conmerx Pvt. Ltd., clarified that once a loss by fire is proved and there is no indication that the insured…
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