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…
05/12/20241 min read
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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…
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…
The Guwahati High Court ruled that the cancellation of an employee’s promotion and reversion to a lower position without providing a show-cause notice is unsustainable. The case…
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…
Uniphore, a global leader in AI-powered customer service solutions, announced the acquisition of ActionIQ and Infoworks to strengthen its artificial intelligence and data…
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…
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,…
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…
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…
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…
The Kerala High Court dealt with a petition related to the protest by Dolly workers who alleged their rights were being violated. These workers had been protesting against…
The Delhi High Court heard a case where film producer Amandeep Singh Batra alleged that Lawrence Bishnoi, a notorious gangster, had threatened him over a film project. The…
The Karnataka High Court addressed the issue of individuals falsely claiming to be freedom fighters in order to receive government honorariums. The case came to light after…
The Telangana High Court clarified that government advocates are not in an employer-employee relationship with the government. The case addressed the rights and entitlements of…
The Orissa High Court ruled that a 15-day notice period is mandatory for eviction of tenants under Section 106 of the Transfer of Property Act. The case arose from a tenant…
The Kerala High Court ruled that religious boards governing temples and mosques are not part of religious practices, which are constitutionally protected. This ruling came in…
Gujarat High Court addressed a PIL concerning the safety of ammonium nitrate storage and distribution in the state. The petition highlighted concerns regarding safety standards…
The Madhya Pradesh High Court ruled that certificates issued by private university franchisees were invalid, following a directive from the University Grants Commission UGC . The…
The Kerala High Court ordered the university to expel a student involved in ragging-related activities, marking the serious consequences of such behavior. The case involved…
The Calcutta High Court ruled that municipalities cannot infringe upon the civil rights of individuals to levy taxes. The case involved a dispute over the imposition of taxes by…
The Delhi High Court granted interim bail to Kuldeep Singh Sengar in the Unnao rape case on medical grounds. Sengar, convicted for his involvement in the rape and death of a…
The Kerala High Court ruled that the Kerala State Electricity Board KSEB must ensure that cable TV wires are not placed on electric poles, citing safety concerns. The Court…
The Calcutta High Court directed the payment of over Rs. 8 lakhs to the family of a man who died after falling from a moving train 23 years ago. The case highlighted the prolonged…
The Delhi High Court issued directions regarding furlough for a convict, focusing on compliance with prison rules. The Court considered the legal requirements surrounding furlough…
The Karnataka High Court ruled that Siddaramaiah's appeal seeking Governor’s sanction in a case involving Muda was admissible. The case involved allegations against the former…
The Rajasthan High Court ruled that a bona fide purchaser’s application for land mutation cannot be rejected based on prior ownership issues. The case concerned a land dispute…
The Delhi High Court granted interim bail to Kuldeep Singh Sengar, the former BJP MLA convicted in the Unnao rape case, on medical grounds. Sengar, who had been convicted for the…
The Orissa High Court addressed the maintainability of a suit prior to a notice being served under Section 80 of the Civil Procedure Code CPC . The Court ruled that a suit filed…
The Madras High Court ruled that the eligibility of an arbitrator cannot be challenged for the first time under Section 34 of the Arbitration Act. The case concerned a dispute…
The Allahabad High Court ruled that an arbitration clause in a tenancy agreement is invalid for disputes arising post-contract. The case involved a dispute between a landlord and…
The Chhattisgarh High Court ruled that two arbitration petitions seeking the same relief cannot be filed simultaneously. This ruling emphasized that parties should not initiate…
The NCLT Bengaluru ruled that all claims, including those related to ongoing arbitration proceedings, stand extinguished after the approval of a resolution plan under the…
The Orissa High Court quashed an order due to the assessee's failure to prosecute their appeal, citing the ongoing medical treatment of the appellant as the reason for the delay.…
The Delhi District Consumer Commission held Tata SIA Airlines liable for damaging a passenger's baggage during travel. The complainant alleged that his checked-in baggage was…
The Kerala State Consumer Commission found FIITJEE liable for deficiency in service and unfair trade practices. The case involved a student who had enrolled in a coaching program…
The Delhi State Consumer Commission ruled that disputes related to billing assessments concerning electricity fall outside the jurisdiction of consumer courts. In this case, the…
A Gujarat court acquitted two individuals accused of cow slaughter, citing lack of evidence, and ordered criminal action against the police officers and other individuals involved…
The Supreme Court ruled that litigants seeking to condone delays in filing appeals must provide a valid explanation for why the appeal was not filed within the limitation period.…
The Supreme Court directed all states to penalize government officers who cause delays in filing appeals. This directive came after noticing that many government departments often…
The Supreme Court noted that the pendency of criminal appeals in the Manipur High Court is quite high, and thus, early hearings are unlikely. The Court suspended the sentence of a…
The Supreme Court ruled that a subsequent purchaser of an imported vehicle cannot be asked to pay the customs duty liability incurred by the original importer. This judgment came…
The Supreme Court Advocates-on-Record Association SCAORA urged Chief Justice of India CJI Sanjiv Khanna to issue revised guidelines for the circulation of adjournment letters in…
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…
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