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Healthify, a Bengaluru-based healthtech startup, has raised an additional $20 million, closing its Pre-Series D round at $45 million. The funding round was led by existing…
DPIIT, HCLSoftware team up to drive manufacturing incubation initiative: The Department for Promotion of Industry and Internal Trade DPIIT has partnered with HCLSoftware to launch…
The Patna High Court ruled on the procedure for issuing court proclamations under the Code of Criminal Procedure CrPC . The case involved a dispute over the issuance of a court…
Delhi High Court flags Wikipedia model as “dangerous”: The Delhi High Court has flagged the Wikipedia model as “dangerous” due to its open-edit nature, which allows anyone to edit…
Delhi court acquits former MLA Ranbir Singh Kharb, wife Anita Kharb in cheating case: A Delhi court acquitted former MLA Ranbir Singh Kharb and his wife Anita Kharb in a 2006…
NCLAT junks allegations of anti-competitive agreement between Centre and travel agencies: The National Company Law Appellate Tribunal NCLAT dismissed an appeal by the Travel…
A Delhi court acquitted former MLA Ranbir Singh Kharb and his wife Anita Kharb in a 2006 cheating case involving their company, M/s Jyoti Fair Finance. The trial court had…
DPIIT, HCLSoftware team up to drive manufacturing incubation initiative: The Department for Promotion of Industry and Internal Trade DPIIT has partnered with HCLSoftware to launch…
The Kerala High Court ruled that the assessment for unauthorized use of electricity should be limited to twelve months under the Electricity Act. The case involved a dispute over…
The Kerala High Court ruled that teachers above 50 years of age are entitled to an exemption from the test requirement for promotion to Headmistress under Rule 45B 4 of the Kerala…
The Supreme Court held that a gift deed cannot be revoked if no right of revocation is reserved in the deed, as per Section 126 of the Transfer of Property Act. The case involved…
YouTube unveils programme to boost revenue for creators in India: YouTube has launched a new program aimed at increasing revenue opportunities for content creators in India. The…
Gnani.ai partners with NVIDIA to launch speech-to-speech LLM: Gnani.ai has partnered with NVIDIA to launch a speech-to-speech large language model LLM aimed at revolutionizing…
Swiggy launches international login for users to order food from abroad: Swiggy has introduced an international login feature that allows users to order food from abroad. This new…
MUFG Bank, Koch Group seek CCI approval for stake in Shiprocket: MUFG Bank and Koch Group have approached the Competition Commission of India CCI for approval to acquire a stake…
Infosys partners with NVIDIA to roll out small language models: Infosys has partnered with NVIDIA to develop and deploy small language models aimed at enhancing AI-driven…
The Karnataka Sessions Court convicted an individual in a 2014 Dalit atrocity case. The case involved allegations of assault and abuse against a Dalit individual. The court found…
The Bombay High Court ruled that arbitration proceedings cannot be commenced against third parties who are not parties to the arbitration agreement. The case involved a dispute…
The National Company Law Appellate Tribunal NCLAT ruled that resolution professionals managing corporate debtor assets are responsible for the payment of pre-CIRP dues. The case…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has remanded a classification dispute involving imported cashews back to the adjudicating authority. The case…
The New Delhi Patiala House Court has ruled that the Directorate of Enforcement ED can conduct questioning of individuals through video conferencing, eliminating the need for…
The Goods and Services Tax GST Portal will be unavailable from October 26, 2024, at 10:00 PM until 6:00 AM on October 27, 2024, due to a scheduled Disaster Recovery Drill. During…
The Income Tax Appellate Tribunal ITAT upheld the Commissioner of Income Tax Appeals CIT A 's decision to delete a ₹2 crore addition to TCGL’s income for non-accrued grants. The…
The Hyderabad Office of the Commissioner of Indirect Taxes and Customs has imposed a penalty of ₹4,158 on Suzlon Energy Limited for the short reversal of input tax credit ITC .…
The Delhi High Court ruled that entities operating on an economic upscale cannot be included as comparables for those working on a cost-plus pricing basis in transfer pricing…
The Income Tax Appellate Tribunal ITAT remanded a case to the Assessing Officer AO for verification after the Commissioner of Income Tax Appeals CIT A accepted additional evidence…
The Kolkata Bench of the Customs, Excise, and Service Tax Appellate Tribunal CESTAT reduced the redemption fine and penalty to 10% and 5%, respectively, for the unlicensed import…
The Income Tax Appellate Tribunal ITAT website has migrated to a new server to enhance user experience and functionality. The migration process, which began this week, is expected…
The Directorate General of Foreign Trade DGFT has notified the procedure for filing the annual RoDTEP Remission of Duties and Taxes on Exported Products return. The notification…
The India Oilseeds Produce Export Council IOPEC has issued export certificates required for exporting sesame seeds to the USA, as per a notification from the Directorate General…
The Income Tax Appellate Tribunal ITAT remanded a case to the Assessing Officer AO for verification after the Commissioner of Income Tax Appeals CIT A accepted additional evidence…
The Income Tax Appellate Tribunal ITAT upheld the deletion of an ₹8 crore addition due to lack of evidence for unexplained credit. The case involved an assessee who had received a…
The Income Tax Appellate Tribunal ITAT remanded a case involving ad-hoc addition of unexplained receipts without calling for records back to the Assessing Officer AO for…
The Income Tax Appellate Tribunal ITAT upheld the reduction of land cost in a case involving inflated transactions and lack of evidence. The assessee had claimed a higher land…
The Maharashtra Jeevan Authority MJA has been deemed a service receiver under Section 2 93 of the CGST Act for grant amounts received and later paid to a technical consultant. The…
The Allahabad High Court ruled that bail pleas should not be rejected to make the accused “taste imprisonment as a lesson.” The case involved a bail application where the lower…
The Kolkata Bench of the Customs, Excise, and Service Tax Appellate Tribunal CESTAT reduced the redemption fine and penalty to 10% and 5%, respectively, for the unlicensed import…
The Bombay High Court recently imposed a cost of Rs.15,000 on the Deputy Commissioner of Customs, CRC-I, and directed the Customs department to pay interest at the rate of 6% per…
In a surprise operation, the State GST SGST department conducted one of Kerala’s largest-ever raids on gold jewellers in Thrissur, seizing 108kg of gold linked to tax evasion. The…
The number of Indian taxpayers with taxable incomes exceeding ₹1 crore has surged more than fivefold, reaching nearly 2.3 lakh in the assessment year AY 2023-24, compared to just…
Healthify, a Bengaluru-based healthtech startup, has raised an additional $20 million, closing its Pre-Series D round at $45 million. The funding round was led by existing…
General Catalyst, a US-based venture capital firm, has raised $8 billion for its Fund XII to support startups globally. The fund includes $4.5 billion for core VC funds focused on…
The Indian government has ordered social media platforms Meta and X to share data on individuals behind recent bomb threats targeting Indian airlines. Over 150 flights operated by…
Apple supplier Jabil is planning to expand its manufacturing footprint in India by setting up two additional plants. The company aims to invest $250-$275 million in these new…
Swiggy has reduced its IPO valuation target by 10-16% amid market volatility, now aiming for a valuation between $12.5 billion and $13.5 billion. The decision comes as the Indian…
India’s forex reserves have declined for the third consecutive week, following a stellar run. The reserves fell by $2.163 billion to $688.267 billion as of October 18, 2024. The…
Sectoral mutual funds have delivered impressive returns during Diwali, with some funds achieving up to 64% returns. The defense sector led the performance, followed by PSU equity…
UCO Bank has set a target to recover ₹3,000 crore by the end of the fiscal year, driven by strong credit growth and focused recovery efforts. The bank’s management emphasized the…
The NRI insurance customer base in the UAE, US, and Saudi Arabia has seen significant growth, driven by increasing demand for insurance products among expatriates. Insurance…
The BSE Sensex and NSE Nifty indices experienced significant volatility, reflecting broader market trends and investor sentiment. The live blog provides real-time updates on stock…
Healthify, a Bengaluru-based healthtech startup, has raised an additional $20 million, closing its Pre-Series D round at $45 million. The funding round was led by existing…
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