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The Income Tax Appellate Tribunal ITAT set aside a Dispute Resolution Panel DRP order, citing a curable defect in Form 35A filed by the taxpayer. The Tribunal recognized that such…
Ixigo's Q2 profit halved to ₹13 crore, primarily due to tax expenses. Despite a strong revenue performance, the company’s profits were hit by higher taxes, affecting its overall…
The central government has appointed two lawyers as judges of the Andhra Pradesh High Court. The appointments are seen as part of ongoing efforts to fill judicial vacancies across…
Go Digit received a show cause notice from the Insurance Regulatory and Development Authority of India IRDAI for exceeding its permissible spending limits. The regulatory action…
The National Company Law Tribunal NCLT issued a notice to SpiceJet concerning an insolvency plea filed over a ₹68 crore default. The case highlights ongoing financial struggles…
The Delhi High Court is examining the rise of deepfake videos and the steps taken to combat this issue. As deepfake technology poses significant risks to privacy and…
The Karnataka High Court directed BBMP to address potholes and waterlogging issues in Bengaluru following heavy rains. The Court emphasized public safety and infrastructure…
The Bombay High Court recognized "Girnar" as a well-known trademark under the Trademarks Act. This decision safeguards the brand’s intellectual property rights and prevents…
The Indian Cabinet approved a ₹1,000 crore venture capital fund to boost the space sector. The initiative aims to support innovation and startups in the space industry, promoting…
Justice Siddaiah Rachaiah was confirmed as a permanent judge of the Karnataka High Court. His appointment is part of the regular judicial promotions and expansions aimed at…
The Kerala High Court stayed the proceedings in a sexual harassment case against actor Edavela Babu. The Court's decision temporarily halts the legal process pending further…
The Supreme Court dismissed a contempt plea regarding the use of bulldozers for demolitions in Uttar Pradesh, Rajasthan, and Uttarakhand. The Court found no merit in the arguments…
The Supreme Court granted protection to a journalist who faced criminal charges over a tweet criticizing caste bias in the UP administration. The Court's decision highlights its…
The Delhi High Court confirmed that it can exercise its power of superintendence under Article 227 to review orders from commercial courts. This decision stemmed from an erroneous…
The Karnataka High Court canceled an October 26 Kambala race scheduled by a Bengaluru Kambala Samithi, citing administrative irregularities. Kambala, a traditional buffalo race,…
Following Zomato’s lead, Swiggy increased its platform fee to INR 10 per order. The hike aims to offset rising operational costs and enhance service quality. Swiggy’s decision…
The Delhi High Court ruled that it can exercise its power of superintendence under Article 227 of the Constitution to interfere with orders of commercial courts at the district…
GSTN issued an advisory for taxpayers registered under GST REG-07, which is meant for Tax Deductors and Collectors at Source TDS and TCS . The advisory outlines changes in the…
The BSE Sensex and Nifty indices experienced fluctuations on October 23, 2024, influenced by various market factors. The stock market updates highlighted the performance of key…
SEBI Chief Madhabi Puri Buch is set to appear before the Public Accounts Committee PAC to provide oral evidence on the performance review of regulatory bodies established by the…
RBI Governor Shaktikanta Das emphasized that India cannot afford another bout of inflation, highlighting the central bank’s commitment to maintaining price stability. Speaking at…
Uttar Pradesh’s state GDP is projected to reach Rs 32 lakh crore by March 2025, according to Chief Minister Yogi Adityanath. The growth is attributed to various development…
Despite Hyundai’s weak IPO debut, large multinational companies remain keen on launching IPOs in India. Citi reported that the Indian market continues to attract global firms due…
The Odisha government announced financial incentives for airlines to start new flights, aiming to enhance connectivity and boost tourism and economic development in the state. The…
The BSE Sensex and Nifty indices experienced fluctuations on October 23, 2024, influenced by various market factors. The stock market updates highlighted the performance of key…
The Kancheepuram district consumer disputes redressal commission directed India Post to refund 50 paise to a consumer and pay Rs 15,000 as compensation for mental agony, unfair…
The Institute of Chartered Accountants of India ICAI clarified that the new quality management standards for audit firms are not classified as auditing standards. These standards,…
Computer Age Management Services CAMS announced the inauguration of its second office facility at GIFT City SEZ, Gandhinagar, strengthening its presence in the financial hub.…
Bank employees in India are likely to transition to a 5-day work week by December 2024, pending final approval from the government. An agreement has already been signed between…
Fino Payments Bank reported an 8% year-on-year increase in Q2 profit, reaching INR 21 crore. The profit growth was driven by higher transaction volumes and improved operational…
MakeMyTrip reported a nearly 800% increase in Q2 profit, reaching $17.9 million. The significant profit surge was driven by a rebound in travel demand and effective cost…
The Kerala Startup Mission invested INR 15 crore in Transition VC to support energy transition initiatives. This investment aims to fuel innovation in the energy sector and…
Zomato’s stock jumped 3% following an upbeat Q2 performance report. The company reported significant growth in revenue and a reduction in losses, driven by increased order volumes…
Jio Financial Services is exploring a partnership with Allianz to enter the insurance sector. The collaboration aims to leverage Jio’s extensive customer base and Allianz’s…
Blinkit launched a Seller Hub to help brands list their products on its platform, aiming to enhance the seller experience and streamline the onboarding process. The new feature…
The Supreme Court allowed Zakir Naik to withdraw his plea to club multiple hate speech FIRs filed against him across India. Naik, a fugitive Islamic preacher, faces several cases…
The Supreme Court set aside an NCLAT judgment that halted insolvency proceedings against Byju’s, reinstating the process. The court found that the NCLAT had improperly approved a…
The Bombay High Court granted bail to gangster Chhota Rajan in the 2001 murder case of hotelier Jaya Shetty, suspending his life sentence. Rajan, convicted by a special MCOCA…
The Supreme Court mandated that reasons for rejecting remission applications must be communicated to convicts. This directive aims to ensure transparency and allow convicts to…
The Supreme Court ruled that ‘industrial alcohol’ falls under the definition of ‘intoxicating liquor’ and can be taxed by states. This decision, delivered by a nine-judge bench,…
The Supreme Court quashed an FIR against HDFC Bank officials accused of obstructing the Income Tax Department’s access to a locker. The court found that the officials had acted…
The Supreme Court allowed Enforcement Directorate ED officer Ankit Tiwari to be transferred from Madhya Pradesh to Tamil Nadu. Tiwari had requested the transfer citing personal…
A Delhi court summoned Sudarshan News MD Suresh Chavhanke and others in a defamation case filed by a journalist. The journalist alleged that the channel aired defamatory content,…
The Supreme Court deferred the hearing on the criminalization of marital rape, citing the need for a larger bench to address the complex legal and social issues involved. The…
The Supreme Court ordered a halt to tree felling for the Kolkata Metro project, following a report by the Central Empowered Committee CEC . The CEC found that the project had not…
The Delhi High Court allowed the National Investigation Agency NIA to charge a Kashmiri youth under the Unlawful Activities Prevention Act UAPA . The youth was accused of being…
The Madras High Court dismissed a petition seeking a probe into a data breach at Star Health Insurance. The petitioner alleged that the breach compromised sensitive customer…
The Centre cleared the appointment of five advocates as additional judges of the Bombay High Court for two years. The appointed advocates are Nivedita Prakash Mehta, Prafulla…
The Supreme Court criticized the Centre and state governments for their inadequate action against stubble burning, which contributes to severe air pollution in Delhi NCR. The…
Delhi LG VK Saxena informed the Supreme Court that he was unaware of the need for court permission to fell trees in the Ridge area. Saxena’s affidavit followed a court order…
The Income Tax Appellate Tribunal ITAT set aside a Dispute Resolution Panel DRP order, citing a curable defect in Form 35A filed by the taxpayer. The Tribunal recognized that such…
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