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Swiggy is targeting a valuation of $12.7 billion for its $1.4 billion IPO, set to launch in early November. The IPO will include a fresh issue of ₹3,750 crore and an offer for…
HDB Financial Services plans to launch a ₹12,500 crore IPO, with parent company HDFC Bank selling ₹10,000 crore worth of shares through an Offer for Sale OFS . This IPO aims to…
The Karnataka government is considering a 1-2% transaction fee on platforms like Zomato and Uber to generate additional revenue. This proposal aims to address the state’s fiscal…
The National Company Law Tribunal NCLT has ruled that the non-obtaining of a No Objection Certificate NOC from the applicant does not invalidate documents of hypothecation or…
Swiggy is targeting a valuation of $12.7 billion for its $1.4 billion IPO, set to launch in early November. The IPO will include a fresh issue of ₹3,750 crore and an offer for…
The market capitalization of four of the top ten most valued Indian companies increased by ₹81,151 crore last week. ICICI Bank and HDFC Bank led the gains, with significant…
The latest market news on October 20, 2024, highlights key factors influencing stock market trends this week, including Q2 earnings reports, Foreign Institutional Investor FII…
Punjab Jewels was awarded the Best Regional Chain of the Year in Central India. This recognition highlights the company’s excellence in customer service, product quality, and…
Paytm has granted 4.81 lakh stock options to its employees as part of its employee stock ownership plan ESOP . This move is aimed at retaining talent and incentivizing employees…
The Bangalore ITAT ruled that interest on delayed customs duty payments is a deductible business expense. The tribunal found that the interest paid on delayed customs duty is…
The Chhattisgarh High Court upheld the imposition of a bond on Ayurvedic Medical Officer Dr. Ravichand Meshram, who took study leave, but quashed the condition prohibiting legal…
HDB Financial Services plans to launch a ₹12,500 crore IPO, with parent company HDFC Bank selling ₹10,000 crore worth of shares through an Offer for Sale OFS . This IPO aims to…
The Finance Ministry is considering a proposal to increase the number of Chief General Managers CGMs in Public Sector Banks PSBs . This move aims to strengthen the leadership…
New-age tech stocks experienced a mixed week amid market volatility, with Zomato emerging as the biggest loser. The company’s stock price dropped significantly due to concerns…
The Software Technology Parks of India STPI will support 25 startups under its LEAP Ahead 2.0 program. This initiative aims to foster innovation and entrepreneurship in the tech…
The Karnataka government is considering a 1-2% transaction fee on platforms like Zomato and Uber to generate additional revenue. This proposal aims to address the state’s fiscal…
The Rajasthan High Court granted bail to the owner of a vehicle seized under the NDPS Act for carrying poppy straw. The court found that mere ownership of the vehicle did not…
The Kerala High Court questioned the delay in investigating rape allegations against four higher police officials in Ponnani, Malappuram district. The court was hearing a plea…
The Delhi Court ruled that under Section 34 of the Arbitration Act, the court cannot substitute its own views or the views of the parties with those of the arbitral tribunal. The…
Indian startups raised $478 million across 29 deals between October 14 and 19, marking a 319% increase from the previous week. Edtech emerged as the most funded sector, with…
A survey of 1,000 older Americans revealed their biggest regrets, with many expressing remorse over missed opportunities and unfulfilled dreams. Common themes included not saving…
FMCG distributors have written to the Competition Commission of India CCI alleging unfair practices by quick commerce companies. They claim that these companies are engaging in…
Punjab Jewels was awarded the Best Regional Chain of the Year in Central India. This recognition highlights the company’s excellence in customer service, product quality, and…
HDB Financial Services plans to launch a ₹12,500 crore IPO, with parent company HDFC Bank selling ₹10,000 crore worth of shares through an Offer for Sale OFS . This IPO aims to…
The Gujarat High Court ruled that a notice issued under Section 148A b of the Income Tax Act against a dissolved firm is invalid. The court emphasized that once a firm is…
The ITAT invalidated the reopening of an assessment under Section 147 of the Income Tax Act due to reliance on incorrect facts. The tribunal found that the reassessment was based…
The ITAT deleted a penalty disallowance after the assessing officer AO incorrectly applied Section 37 of the Income Tax Act to an amount that had already been disallowed in the…
The Reserve Bank of India RBI is urging Non-Banking Financial Companies NBFCs to reduce high-interest rates and fees. This directive aims to protect consumers from usurious…
The Finance Ministry is considering a proposal to increase the number of Chief General Managers CGMs in Public Sector Banks PSBs . This move aims to strengthen the leadership…
Following the merger between Reliance and Disney, Hotstar will become the sole streaming platform for their combined content. This strategic move aims to consolidate their market…
The Karnataka government is considering a 1-2% transaction fee on platforms like Zomato and Uber to generate additional revenue. This proposal aims to address the state’s fiscal…
Indian startups raised $478 million across 29 deals between October 14 and 19, marking a 319% increase from the previous week. Edtech emerged as the most funded sector, with…
The Allahabad High Court has ruled that goods cannot be detained under Section 129 1 of the GST Act when the consignor claims ownership with a valid tax invoice and e-way bill.…
The Sikkim High Court has ruled that cess refunded prior to an overruling decision by the Supreme Court cannot be recovered retrospectively. The case involved the Central GST…
Direct tax collections in India have surged by 182 percent over the past decade, reaching Rs 19.60 trillion in FY24. This significant increase reflects the government’s efforts to…
IndiaMART reported a significant increase in its profit for the second quarter, nearly doubling to INR 135 crore. The company’s strong performance was driven by higher revenue…
The Enforcement Directorate ED questioned actress Tamannaah Bhatia in connection with the HPZ token money laundering probe. The investigation involves allegations of financial…
Paytm has granted 4.81 lakh stock options to its employees as part of its employee stock ownership plan ESOP . This move is aimed at retaining talent and incentivizing employees…
The legal battle between ANI and Wikipedia centers on the accuracy and reliability of information published on Wikipedia. ANI has raised concerns about false and misleading…
The Punjab and Haryana High Court held that the CBDT circular prescribing monetary limits for filing appeals/SLPs is not applicable to international tax appeals involving the…
The ITAT ruled that the onus is on the assessing officer AO to prove unreasonableness in expenditure when invoking Section 40A 2 b of the Income Tax Act. The case involved…
The ITAT deleted a penalty disallowance after the assessing officer AO incorrectly applied Section 37 of the Income Tax Act to an amount that had already been disallowed in the…
The Kerala High Court ruled that a rectification order is invalid if it fails to provide reasons justifying the exercise of rectification power. The court observed that the…
The NCLAT has ruled that the assets of a partnership firm do not amount to the property of a personal guarantor. This decision delineates the separation of personal and business…
The ITAT has condoned a delay in filing due to rectification efforts and the death of a chartered accountant, restoring the case to the Commissioner of Income Tax Appeals . This…
An accountant in Jamnagar has been accused of fraudulently claiming Rs 2 crore in Input Tax Credit ITC by misusing the GST number of a closed factory. The police have registered a…
The Andhra Pradesh High Court has provided relief to Patanjali Foods by extinguishing claims arising out of the Andhra Pradesh VAT Act or GST Act upon the approval of a resolution…
The Rajasthan High Court granted bail to the owner of a vehicle seized under the NDPS Act for carrying poppy straw. The court found that mere ownership of the vehicle did not…
The ITAT has set aside an ex-parte order issued by the CIT A for fresh hearing, emphasizing the principles of natural justice. The appellant, Bhupendra Kumar Phoolchand Bind, had…
The NCLAT, New Delhi, ruled that a litigant who does not apply for a certified copy of an order cannot claim the benefit of the limitation period if the delay is caused by waiting…
Swiggy is targeting a valuation of $12.7 billion for its $1.4 billion IPO, set to launch in early November. The IPO will include a fresh issue of ₹3,750 crore and an offer for…
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