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India is set to allow 100% foreign direct investment FDI in the insurance sector. This move aims to attract more foreign investment and boost the growth of the insurance industry.…
The Indian government is likely to extend RBI Governor Shaktikanta Das’s term for a second time. Das, who has been instrumental in steering the Indian economy through challenging…
The Indian government is working on voluntary codes of conduct for AI companies, focusing on ethics and responsible AI usage. The Ministry of Electronics and Information…
The Patna High Court has ordered the release of a sexagenarian who had been wrongfully convicted under a POCSO section. The court also enhanced the victim compensation,…
The Telangana High Court has ruled against the removal of service weightage benefits for promotions under the Transco Service Regulations. The court held that the removal of these…
The Telangana High Court has overturned a POCSO conviction due to inconsistencies in the victim’s testimony and gaps in the police investigation. The court found that the evidence…
The Competition Commission of India CCI has imposed a ₹2,313.4 crore penalty on Meta for abusing its dominant position in the market. The penalty is related to Meta’s practices…
Lenders of Byju’s have accused the former management of diluting their shareholding in Aakash Educational Services. The lenders claim that the dilution was done without their…
Tata Electronics has agreed to acquire a 60% stake in Pegatron’s iPhone manufacturing plant in Tamil Nadu. The deal, forming a joint venture, will see Tata managing daily…
HealthKart has raised $153 million in a secondary funding round led by ChrysCapital and Motilal Oswal Alternates. Existing investors A91 Partners and Neo Group also participated.…
Navi has overtaken Cred to become the fourth-largest UPI player in India. The fintech company has achieved significant growth in its user base and transaction volumes, driven by…
The Bombay High Court has declined an urgent hearing on a PIL challenging the extension of Rashmi Shukla’s tenure as Director General of Police. The court stated that the matter…
The Supreme Court has asked the Delhi High Court to expedite its decision on an interim injunction in the case between Roche and Zydus Lifesciences. The case involves a patent…
The Bombay High Court has upheld the Election Commission of India’s ban on mobile phones inside polling booths. The court dismissed a petition challenging the ban, stating that…
The Allahabad High Court has ordered a probe into an alleged conspiracy to falsely implicate an accused in a rape case. An inquiry revealed that the supposed victim and witnesses…
The Delhi High Court has sought a response from the CBI on a petition filed by P Chidambaram and his son, Karti Chidambaram, seeking to defer arguments on charges in the INX Media…
MakeMyTrip is set to acquire Cred’s expense management platform, Happay. The acquisition aims to enhance MakeMyTrip’s corporate travel offerings and provide integrated expense…
ArisInfra has received approval from SEBI for its INR 580 crore IPO. The company plans to use the proceeds to fund its expansion plans and reduce debt. ArisInfra, a leading…
Lenskart has launched Japan’s Owndays eyewear products in India, expanding its product portfolio. The collaboration aims to offer high-quality, stylish eyewear to Indian…
The Supreme Court has issued a notice to PayPal in response to the Income Tax Department’s plea challenging a stay on a ₹32 crore demand. The Bombay High Court had previously…
The State Bank of India SBI plans to open 500 new branches in FY 2025. This expansion is aimed at increasing the bank’s reach and improving access to banking services. The new…
The State Bank of India SBI has raised ₹10,000 crore through an infrastructure bond issuance. The funds will be used to support infrastructure projects and enhance the bank’s…
Finance Minister Nirmala Sitharaman has emphasized the need for affordable interest rates to support economic growth. She highlighted the importance of making finance accessible…
India is set to allow 100% foreign direct investment FDI in the insurance sector. This move aims to attract more foreign investment and boost the growth of the insurance industry.…
The Supreme Court of India formed committees to curb the illegal possession and use of firearms. The court emphasized the need for strict enforcement of firearm regulations to…
The Karnataka High Court ordered the Karnataka government to appoint a blind candidate as a teacher, emphasizing the need for inclusivity and equal opportunities for persons with…
The Karnataka High Court quashed a rape case involving a live-in relationship, ruling that consensual relationships do not constitute rape. The court emphasized that the…
Bandhan Life has expanded its national footprint by launching operations in Northern India. The company aims to provide comprehensive insurance solutions to customers in the…
The State Bank of India SBI has suffered a significant loss of ₹34,984 crore in just four days due to a stock market fall. The decline in SBI’s stock price is attributed to…
The Income Tax Department has launched a compliance campaign urging taxpayers to declare their foreign assets for the assessment year 2025. Taxpayers who fail to comply may face…
The BSE Sensex and Nifty indices experienced fluctuations on November 18, 2024, reflecting market volatility. Investors are closely monitoring global economic developments and…
NRIs are increasingly investing in Indian real estate due to several factors. The depreciation of the Indian rupee makes property investments more affordable for NRIs.…
The Allahabad High Court ruled that nominee bank deposits do not override succession laws upon the account holder’s death. The court clarified that while a nominee is entitled to…
The Kerala High Court ruled that body shaming by a sister-in-law constitutes cruelty under Section 498A of the Indian Penal Code IPC . The court emphasized that body shaming can…
The Central Consumer Protection Authority CCPA released guidelines to prevent misleading advertisements in the coaching sector. These guidelines aim to protect consumers,…
The Indian government is likely to extend RBI Governor Shaktikanta Das’s term for a second time. Das, who has been instrumental in steering the Indian economy through challenging…
MakeMyTrip has acquired Happay, an expense management platform, from CRED to strengthen its corporate travel offerings. The acquisition includes Happay’s brand, business, and…
Jost Werke, a global leader in commercial vehicle systems, has acquired Hyva Group, a leading provider of innovative and highly efficient hydraulic solutions. The acquisition,…
The National Company Law Appellate Tribunal NCLAT has ruled that no interest can be charged on the principal amount in the absence of a contractual provision. The ruling clarifies…
NRI investment in India’s real estate sector is growing, driven by rising property prices and rental income. The sector offers attractive returns and investment opportunities for…
The Supreme Court criticized ICICI Bank for not defreezing the bank accounts of NewsClick despite a stay on tax recovery steps. The case involved a dispute over the freezing of…
The Income Tax Appellate Tribunal ITAT ruled that capital subsidy should be reduced for the computation of book profit under Section 115JB of the Income Tax Act. The case involved…
The Income Tax Department warned taxpayers to revise their Income Tax Returns ITR to include foreign assets or face a penalty of Rs 10 lakh. This warning is part of the…
ICL Fincorp’s non-convertible debenture NCD issue opened on November 11, 2024, offering high returns to investors. The NCDs are part of ICL Fincorp’s strategy to raise funds for…
Amazon India has shifted its base in Bengaluru as part of a cost-cutting move. The company aims to optimize its operations and reduce expenses amid a challenging economic…
The Income Tax Appellate Tribunal ITAT upheld the reopening of an assessment under Section 147 of the Income Tax Act, citing sufficient reasons and compliance with the limitation…
The Solicitor General SG of India issued a legal opinion stating that the government is the sole authority on setting audit standards, dealing a setback to the Institute of…
The GST Network GSTN issued an advisory on GSTR-2B and the Invoice Management System IMS . It highlighted that GSTR-2B for October 2024 was not generated for some taxpayers due to…
The Central Board of Direct Taxes CBDT launched a Compliance-Cum-Awareness Campaign for Assessment Year AY 2024-25 to help taxpayers accurately report foreign assets and income.…
The GST Network GSTN issued an advisory on GSTR-2B and the Invoice Management System IMS . It highlighted that GSTR-2B for October 2024 was not generated for some taxpayers due to…
India is set to allow 100% foreign direct investment FDI in the insurance sector. This move aims to attract more foreign investment and boost the growth of the insurance industry.…
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