News & Judgements

The Supreme Court of India is set to hear a plea by Manish Sisodia seeking relaxation of bail conditions in cases related to the Delhi liquor policy. Sisodia, a senior AAP leader,…

The Kerala High Court has ordered compensation for an advocate who was allegedly tortured in police custody. The court found that the police had violated the advocate’s rights and…

The Delhi High Court has sought responses from authorities regarding alleged illegal activities in the Chandni Chowk redevelopment project. The court was hearing a plea that…

The Delhi High Court directed the Transfer Pricing Officer TPO to re-evaluate the functional dissimilarity objections raised by an assessee in a transfer pricing case. The court…

The Kerala High Court ordered further investigation into remarks made by Minister Saji Cherian, which allegedly disrespected the Constitution. The court noted that post-2003…

The Allahabad High Court granted 10 days to Aligarh Muslim University AMU to respond to a PIL seeking the resumption of student union elections. The PIL, filed by an LLM student,…

The Delhi High Court ruled that constructing a structure of plywood sheets cannot be considered building a residential house for claiming capital gains exemption under Section 54…

The Income Tax Department has mandated the electronic filing of selected forms under Rule 131 of the Income Tax Rules, 1962, effective from November 22, 2024. The notification…

The Securities and Exchange Board of India SEBI has withdrawn the Master Circular No. SEBI/HO/OIAE/IGRD/P/CIR/2022/0151, which required a No Objection Certificate NOC for the…

The Central Board of Indirect Taxes and Customs CBIC has allowed the temporary manual submission of IGCR-3 Statements for importers facing difficulties with electronic filing.…

The Central Board of Indirect Taxes and Customs CBIC has issued detailed clarifications on the applicability of concessional duty under the Customs Import of Goods at Concessional…

The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has allowed Ambuja Cements to claim CENVAT credit for service tax paid on outward transportation under the reverse…

Zepto raised $350 million from domestic investors, marking another significant funding round for the quick commerce startup. The investment will be used to expand Zepto’s…

The Income Tax Appellate Tribunal ITAT has dismissed an appeal filed by the revenue department, citing that the tax effect involved was below the Rs. 60 lakh threshold set by the…

The Kerala High Court has set aside an order passed under Section 148 of the Income Tax Act, 1961, due to the failure to consider the reply to the show cause notice SCN issued to…

The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has upheld an order in favor of Barclays Global Service Center, ruling that service tax is not leviable on notice…

The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has ruled that the sale of food items by take-away outlets is not liable to service tax. This decision was made in…

The state government is set to announce a GST reimbursement framework for handloom weavers to support the traditional handloom industry. This initiative aims to alleviate the…

The RBI notified amended forex rules for startups, aimed at easing regulatory requirements and promoting foreign investment. The new rules allow startups to raise funds through…

Bain-backed chipmaker Kioxia’s market value has been set at $4.9 billion in its initial public offering IPO . The IPO is expected to attract significant investor interest, given…

The BSE Sensex and Nifty showed positive momentum in the latest trading session, driven by gains in key sectors such as banking, IT, and auto. The market’s performance reflects…

The Department for Promotion of Industry and Internal Trade DPIIT has approved the acquisition of Reliance Capital by Hinduja Group firm IIHL. The acquisition is part of the…

RBL Bank has been fined ₹61 lakh by the Reserve Bank of India RBI for violations related to Know Your Customer KYC norms. The penalty was imposed after the RBI found deficiencies…

India’s forex reserves saw a weekly drop, reflecting the impact of global economic uncertainties and fluctuations in foreign exchange markets. The decline in reserves is…

Cochin Shipyard, a midcap PSU stock, is expected to be in focus in the next trading session. The company’s shares have shown strong performance, driven by positive developments…

The Indian government has notified new telecom cyber security rules, requiring telecom companies to report security incidents within six hours. The rules aim to safeguard India’s…

IIT Bombay’s incubator, SINE, plans to launch a ₹100 crore venture capital fund to support deep tech startups in sectors like biotech, space, defense, and sustainability. The fund…

Delhivery’s Board of Directors approved the grant of 4.9 lakh stock options under the Delhivery Employees Stock Option Plan 2012. The options will vest in three phases: 20% after…

Healthify, an AI-powered health and fitness app, reduced its net loss by 38% to ₹88 crore in FY24, down from ₹142 crore in FY23. The company’s revenue dropped by 9% to ₹206.3…

Bhavish Aggarwal’s new venture, Krutrim, reported no revenue in its debut year but invested ₹1,348 crore in research and development. The company, focused on developing advanced…

The daily roundup of startup news on November 22 includes updates on funding, acquisitions, and new product launches. Key highlights include Zepto raising $350 million from…

Insurtech startup Onsurity reported an 80% growth in revenue for FY24, driven by increased demand for its digital insurance solutions. The company has seen significant growth in…

NTPC Green Energy’s IPO was fully subscribed, reflecting strong investor interest in the company’s renewable energy projects. The IPO proceeds will be used to fund NTPC Green…

Flipkart has appointed Dan Bartlett to its board of directors. Bartlett, a seasoned executive with extensive experience in corporate communications and public affairs, will…

The Indian government is working on a comprehensive legal framework for data privacy, according to Commerce and Industry Minister Piyush Goyal. The framework aims to protect…

The Sensex and Nifty bounced back in early trade after a sharp fall, driven by gains in banking, IT, and auto stocks. The recovery was supported by positive global cues and strong…

Zomato has become the first new-age tech stock to feature in the BSE Sensex, India’s benchmark stock index. The inclusion reflects Zomato’s strong market performance and its…

Healthians, a diagnostics startup, achieved EBITDA breakeven with an income of ₹250 crore in FY24. The company reported significant growth in its user base and transaction…

8i Ventures has launched the second edition of its pre-seed funding program, Origami, aimed at supporting early-stage founders. The program offers rapid access to funding, with a…

Paytm’s shares jumped 6% after Bernstein raised its price target to INR 1,000. Bernstein’s positive outlook is based on Paytm’s strong growth in its payments and financial…

Byju Raveendran, founder of Byju’s, allegedly asked William Hailer to flee the US to avoid testifying in a federal court case. Hailer testified that Raveendran offered him a…

The Delhi High Court refused to quash criminal proceedings against Matrix Cellular, accused of hoarding and selling defective oxygen concentrators at inflated prices during the…

The Allahabad High Court ordered a CBI probe against the former presiding officer of the Debt Recovery Tribunal DRT in Lucknow. The officer is accused of issuing a corrigendum…

The Supreme Court directed Jail Superintendents to make special efforts to identify women prisoners eligible for release under Section 479 of the Bharatiya Nagarik Suraksha…

The Kerala High Court quashed a case against the Governor of Goa for a speech made during the Sabarimala judgment. The court noted that the Governor’s speech was protected under…

The Supreme Court is set to decide on transferring 15 pending cases related to the Kashi Vishwanath Temple-Gyanvapi Mosque dispute to the Allahabad High Court. The cases involve…

The Kerala High Court denied bail to a police officer accused of raping a minor Dalit girl. The court noted the seriousness of the allegations and the potential impact on the…

The Allahabad High Court granted interim bail to a POCSO accused on the condition that he marries the consenting victim. The court noted that the victim, who was a minor at the…

The Supreme Court granted the Union of India a final opportunity to file a reply in a PIL seeking a CBI probe into the exchange of defaced currency notes worth ₹30 crores by a…

The Supreme Court questioned the Maharashtra government’s decision to grant e-rickshaw licenses to individuals other than the original handcart pullers in Matheran. The court had…