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RBI Directs Banks to Streamline Handling of Inoperative Accounts and Unclaimed Deposits: The Reserve Bank of India RBI has directed banks to streamline the management of…
The Supreme Court set aside a directive from the Manipur High Court instructing the Central Bureau of Investigation CBI to trace an absconding rape convict within three months.…
The Income Tax Appellate Tribunal ITAT upheld the disallowance of leave encashment provisions under section 43BF of the Income Tax Act. The tribunal emphasized that mere…
Delhivery, a major logistics company in India, has expanded its employee stock option plan ESOP pool by allotting 20,000 stock options to its employees. This move is part of…
Paytm's Singapore subsidiary has approved a stake sale in PayPay, a Japanese mobile payments company, signaling a strategic move to streamline its operations and focus on core…
Leverage Edu, an edtech platform, is on track to cross INR 200 crore in revenue in FY25. The company, which helps students with study abroad options, has experienced rapid growth,…
The Delhi High Court directed the exclusion of Infosys BPO, Acropetal, and e-Clerx as comparable companies in determining the arm’s length price ALP for Future First Info. The Tax…
The Securities and Exchange Board of India SEBI has taken action against Baap of Chart, a trading platform, for misleading its subscribers. SEBI initiated a refund of Rs 17 crore…
RBI Set to Announce Key Interest Rate Decision on December 6: The Reserve Bank of India RBI is scheduled to announce its decision on key interest rates on December 6, 2024. This…
70% MSMEs and Self-employed Use Loans to Meet Immediate Financial Needs: A study has revealed that 70% of MSMEs Micro, Small, and Medium Enterprises and self-employed individuals…
FPIs Return to Domestic Debt Market in December: Foreign Portfolio Investors FPIs have returned to India’s domestic debt market after two months of selling, with positive net…
The Meghalaya High Court examined a public interest litigation PIL regarding the mismanagement of weighbridges. The PIL claimed that improper operations and mismanagement at…
In a Public Interest Litigation PIL , the Supreme Court directed states and Union Territories to provide data on the number of shelters available for the homeless. The case…
Sequoia-backed Wakefit, a prominent online mattress and furniture startup, has reported a robust Rs 66 crore EBITDA for FY24. The company has experienced significant growth in the…
The Supreme Court set aside a directive from the Manipur High Court instructing the Central Bureau of Investigation CBI to trace an absconding rape convict within three months.…
The Delhi State Consumer Commission held TDI Infracorp liable for deficiency in service after failing to refund advances as per agreed terms with a customer. The customer had made…
The Kerala High Court directed the Enforcement Directorate ED to investigate the Edamulackal Co-operative Bank fraud case, wherein millions of rupees were allegedly siphoned off…
The Supreme Court of India recently criticized the delay in delivering judgments, especially in cases where verdicts have been reserved for extended periods. It particularly…
The Madras High Court imposed a ₹20 lakh cost on a PIL petitioner who had been filing numerous frivolous petitions, disrupting the court’s proceedings. The Court criticized the…
The Income Tax Appellate Tribunal ITAT upheld the disallowance of leave encashment provisions under section 43BF of the Income Tax Act. The tribunal emphasized that mere…
In a case of medical negligence, the Supreme Court dismissed an appeal by a doctor who was found liable for performing surgery on the wrong leg of a patient. The Court held that…
RBI Set to Announce Key Interest Rate Decision on December 6: The Reserve Bank of India RBI is scheduled to announce its decision on key interest rates on December 6, 2024. This…
70% MSMEs and Self-employed Use Loans to Meet Immediate Financial Needs: A study has revealed that 70% of MSMEs Micro, Small, and Medium Enterprises and self-employed individuals…
SEBI Considers Auction Session for Passive Funds to Minimize Tracking Errors: The Securities and Exchange Board of India SEBI is considering the implementation of an auction…
The Supreme Court allowed relaxation in restrictions under the Graded Response Action Plan GRAP concerning air pollution in Delhi, permitting activities under GRAP II instead of…
The Delhi High Court upheld the validity of reassessment proceedings, despite the taxpayer challenging the jurisdiction of the assessing officer. The court restored the Income Tax…
The Ministry of Corporate Affairs MCA and the Registrar of Companies ROC imposed a penalty of Rs. 79.4 lakh on a pharmaceutical manufacturer for failing to appoint a Company…
FPIs Return to Domestic Debt Market in December: Foreign Portfolio Investors FPIs have returned to India’s domestic debt market after two months of selling, with positive net…
OnePlus to Invest Rs 6000 Cr in India: OnePlus, the Chinese smartphone manufacturer, has committed to investing Rs 6000 crore in its India business over the next three years. The…
Vishal Mega Mart’s Rs 8000 Cr IPO Launch: Vishal Mega Mart, a prominent retail brand in India, has announced plans to launch its Rs 8000 crore IPO on December 11, 2024. The IPO is…
YourStory Daily Roundup – December 5, 2024: This daily roundup highlights the latest news from the startup ecosystem. Key updates include funding rounds for emerging startups, new…
WeWork India has expanded its presence in Bengaluru with the opening of a new 1.1 million square-foot centre, catering to the growing demand for co-working spaces. This new…
CBIC has amended its circular related to the adjudication of Directorate General of GST Intelligence DGGI cases under GST. The changes focus on expediting the process of…
The Central Board of Indirect Taxes and Customs CBIC has announced amendments to the Central Excise Rules for 2024, aiming to simplify compliance procedures and streamline the tax…
The Reserve Bank of India RBI has enhanced the transaction limits for UPI Lite, which facilitates small-value payments in offline mode. Under this new development, users can make…
Amazon Web Services AWS pledged $100 million in cloud credits to support global education equity. The initiative aims to provide underserved educational institutions with the…
Medial, a health-tech startup, raised $500K in pre-Series A funding, led by OG Capital. The funds will be used to enhance its product development and expand its market presence.…
HomeLane, a home interior design platform, reported flat revenues in FY24, but its losses decreased by 30%. The company faced challenges related to high competition and market…
Hygenco, a cleantech firm, has raised ₹50 crore in debt financing to scale its operations and expand its clean energy initiatives. The company focuses on providing solutions for…
K12 Techno Services, an educational technology company, reported a revenue of ₹430 crore in FY24, marking a significant milestone. The company also turned EBITDA positive,…
GSTN has issued an advisory mandating the sequential filing of GSTR-7 returns. GSTR-7, which pertains to the Tax Deducted at Source TDS returns under GST, must be filed in a…
The Central Board of Direct Taxes CBDT has granted approval to IIIT Hyderabad for conducting scientific research under section 35 1 ii of the Income Tax Act. This approval enables…
Unicommerce, a SaaS-based e-commerce solution provider, saw a 5.07% increase in its shares following its partnership with the global sportswear brand Hummel. This partnership aims…
Nodwind, a gaming company, and Nazara Technologies, a global gaming and esports company, have announced plans for a major global expansion. The collaboration focuses on combining…
Ranveer Singh’s wellness platform, Superyou, has secured funding from the Kamath Brothers to expand its operations. The platform, which focuses on mental health and overall…
Ultraviolette Automotive, a leading electric vehicle manufacturer, reported an eightfold increase in its losses, which reached INR 62 crore for FY24. The company’s losses were…
Uniphore, a global leader in AI-powered customer service solutions, announced the acquisition of ActionIQ and Infoworks to strengthen its artificial intelligence and data…
The Central Consumer Protection Authority CCPA deepened its probe into the complaints against Ola Electric over defective products. Consumers had reported issues with the…
CRED, a fintech platform known for rewarding users with points CRED Coins for timely bill payments, announced that users can now redeem their coins for both online and offline…
The Supreme Court of India addressed the issue of delays in granting bail in cases of rape and murder, emphasizing the inefficiency of judicial processes once trials have begun.…
RBI Directs Banks to Streamline Handling of Inoperative Accounts and Unclaimed Deposits: The Reserve Bank of India RBI has directed banks to streamline the management of…
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