The latest stock market updates for December 18, 2024, reveal fluctuating trends as major indices experienced volatility amid global economic concerns. Key sectors, including…
18/12/20241 min read
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The latest stock market updates for December 18, 2024, reveal fluctuating trends as major indices experienced volatility amid global economic concerns. Key sectors, including…
The government of Mizoram has launched a new "handholding" scheme in partnership with banks to support the growth of small and medium enterprises SMEs and boost the state’s…
Keka, a leading HR tech platform, has reported a significant increase in revenue for FY24, achieving Rs 78 crore in total income. However, the company also faced a sharp increase…
Godrej has increased its stake in Zunroof, a rooftop solar solutions startup, by making a fresh investment in the company. This move aligns with Godrej's sustainability goals and…
Bombay Shaving Company has achieved significant growth in FY24, crossing Rs 200 crore in revenue and reducing its losses by 22%. The company’s success is attributed to its strong…
Ixigo has launched a new "Trip Guarantee" feature aimed at providing enhanced travel experiences for train passengers, directly competing with MakeMyTrip MMT . The feature…
Athera Venture Partners has secured funding from HDFC Asset Management Company AMC for its fourth venture capital fund. This investment is part of Athera's strategic efforts to…
Inspecity, an innovative space technology firm, has partnered with a Japanese startup to address the growing concern of space debris. This collaboration aims to develop advanced…
The Department for Promotion of Industry and Internal Trade DPIIT has partnered with Tally Solutions to mentor and support manufacturing startups in India. The collaboration aims…
Lendingkart, a fintech company, reported a sharp 97% decline in its FY24 profit, which fell to INR 3.25 crore. The company faced challenges due to the economic slowdown and…
Teachmint, an edtech company, reported a significant reduction in its FY24 losses to INR 110 crore, while its revenue soared by 111%. The company’s strong growth is attributed to…
Bureau, a company focused on fraud prevention, raised $30 million in funding to expand its offerings for enterprises. The company provides advanced fraud detection solutions,…
Mokobara, a furniture company, reported a 2.2x surge in its revenue, reaching INR 117 crore in FY24. The company’s impressive growth is attributed to its expanding product…
DroneAcharya, a leading drone services company, partnered with Canada’s Volatus Aerospace to manufacture drones in India. The collaboration aims to enhance India’s drone…
The Bombay High Court criticized political parties for showing disrespect toward court orders, particularly concerning the removal of illegal hoardings. The Court directed that…
The Punjab and Haryana High Court ruled on the permissible noise limits for a concert by singer Diljit Dosanjh in Chandigarh, emphasizing the need to comply with established noise…
The Delhi High Court quashed the Enforcement Directorate's ED denial of a No Objection Certificate NOC for Times Internet’s investment in foreign subsidiaries. The ED had rejected…
The Allahabad High Court deferred hearings on the Gyanvapi Mosque case following a Supreme Court interim order. The case involves a dispute over the site’s religious significance…
The Karnataka High Court ruled on the right of property owners to challenge the acquisition of their layout plan under a development scheme. The Court held that a published…
The Allahabad High Court ruled that eviction under the Senior Citizens Act could not proceed while a family dispute regarding larger issues was pending in another suit. The Court…
The Kerala High Court ruled that a compromise between the victim and the accused is not a valid ground for acquitting an individual charged under the Protection of Children from…
The Karnataka High Court dealt with a defamation case in which an assistant commissioner was accused of shouting at a senior advocate. The Court examined the facts and held that…
The Gujarat High Court ruled that a constable could not be disqualified for having tattoo scars that were not considered during the Staff Selection Commission’s recruitment…
The Kerala High Court addressed a case involving comments against Chief Minister Pinarayi Vijayan related to flood relief funds. The Court ruled that such comments, even if…
The Punjab and Haryana High Court ruled that Section 33C 2 of the Industrial Disputes Act can only be invoked to calculate pre-existing benefits, not to address new issues. The…
The Telangana High Court ruled that writ petitions under Article 226 of the Constitution are not maintainable in cases of contractual disputes. The Court emphasized that such…
The Allahabad High Court examined the case of Mohammed Zubair, co-founder of Alt News, who posted a tweet allegedly inciting social disharmony. The Court ruled that while freedom…
The Delhi High Court dismissed the plea seeking eviction of AAP leader Raghav Chadha from a government bungalow. The case stemmed from allegations of unauthorized occupation of…
The Jharkhand High Court held that employers are liable to pay 10% interest on delayed payment of gratuity to employees. The Court noted that employers must ensure timely payment…
The Kerala High Court allowed for relaxation of norms under the State Disaster Relief Fund SDRF and National Disaster Relief Fund NDRF for immediate assistance to victims of the…
The Delhi High Court directed the government to provide immediate compensation to an acid attack victim, stating that such attacks result in severe emotional and physical trauma.…
The Gauhati High Court has imposed a complete ban on buffalo and bulbuli bird fights in Assam, declaring these traditional activities as illegal. The Court recognized the cruelty…
The Supreme Court has issued a directive to the Registry to ensure that synopses filed in cases do not exceed 128 pages, calling for a more concise presentation of legal…
The Supreme Court granted bail to an accused under the Unlawful Activities Prevention Act UAPA involved in a case linked to the Popular Front of India PFI . The Court noted that…
The Delhi High Court examined the sufficiency of reasons when determining whether to condone delays in filing appeals under Section 37 1 of the Arbitration Act. The Court ruled…
The Delhi High Court ruled that a counterparty cannot be compelled to defend a lawsuit in an arbitration agreement unless it is directly related to the scope of the agreement. The…
The NCLAT has clarified that the decision of a Resolution Professional to not admit a claim during the resolution process under the Insolvency and Bankruptcy Code IBC cannot be…
NCLAT: CIRP Period Can’t Be Extended Beyond 330 Days u/s 12 of IBC; Liquidation Order Can Be Recalled on Limited Grounds The NCLAT held that the CIRP Corporate Insolvency…
Copy of Other Prospective Resolution Applicants’ Plans Cannot Be Shared When Suspended Management Is Also a Resolution Applicant: NCLAT The NCLAT ruled that during the Corporate…
Delhi HC Directs Customs to Release Azerbaijan National’s Personal Gold Jewellery, Restrains from Selling in India The Delhi High Court directed Customs authorities to release the…
Delhi HC S144C: Income Tax Act AO Not Having Info About Pendency of Objections, DRP Not Ground to Sustain Final Assessment Order The Delhi High Court ruled that the Assessing…
Unsolicited Calls Causing Annoyance: Invade Privacy and Require Regulatory Action, Ernakulam District Commission The Ernakulam District Commission ruled that unsolicited marketing…
Insurance Policies Must Be Read Holistically: NCDRC Holds LIC Liable for Deficiency in Service The National Consumer Disputes Redressal Commission NCDRC held the Life Insurance…
Failure to Complete Construction on Time: Ernakulam District Commission Holds Builder Liable The Ernakulam District Consumer Commission held a builder liable for failing to…
GSTR-9 GST Annual Returns: ICAI Releases Technical Guide The Institute of Chartered Accountants of India ICAI has released a technical guide on GSTR-9, the annual GST returns. The…
No Additions Can Be Made in Unabated Years Without Incriminating Material u/s 153C: ITAT The ITAT ruled that additions cannot be made in unabated years under Section 153C of the…
CBI Arrests Tirupati CGST Inspector in ₹3.2 Lakh Bribery Sting Operation The Central Bureau of Investigation CBI arrested a CGST inspector in Tirupati after he was caught…
CESTAT Clarifies Redemption Fine Applicable for Re-Exporting Offending Goods: Reduces Fee from ₹3 Crore to ₹5 Lakh Citing Excessive CESTAT clarified the applicable redemption fine…
Non-Fund Based Facilities Cannot Be Refused by Lenders on Availability of Disbursement Clause in Resolution Plan: NCLAT Dismisses SBI’s Appeal The National Company Law Appellate…
ITAT Sets Aside Assessment for AY 2009-10 Due to Jurisdictional Error u/s 153C of Income Tax Act The ITAT set aside an assessment for Assessment Year AY 2009-10 under Section 153C…
The latest stock market updates for December 18, 2024, reveal fluctuating trends as major indices experienced volatility amid global economic concerns. Key sectors, including…
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