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The Kerala High Court refused to impose a gag order on media reporting about the Wayanad rehabilitation efforts but called for responsible journalistic conduct. The court…
The Madhya Pradesh High Court ruled that an uncommunicated Annual Confidential Report ACR cannot be used to deny an employee’s promotion. The court emphasized that employees must…
The Calcutta High Court set aside an arbitral award that granted reimbursement of service tax along with interest to the respondent, citing patent illegality. The court found that…
Equity mutual funds in India saw a 10% decline in inflows to Rs 34,419 crore in September, marking the lowest level since April. The decline was primarily due to a sharp slump in…
The National Financial Reporting Authority NFRA has imposed a Rs 2 crore penalty on an audit firm and debarred two auditors for lapses in the audit of Coffee Day Global Ltd. The…
JM Financial has initiated coverage on two general insurance stocks, indicating an upside potential of up to 32%. The brokerage firm has given a buy rating to these stocks,…
Purchases of term insurance among Indian millennials and self-employed individuals have surged by 50%, driven by tailored plans and the growing gig economy. The rise of young…
HSBC is planning to cut jobs among its top bankers as part of a cost-saving plan. The move is aimed at reducing expenses and improving operational efficiency. HSBC’s decision…
The NCLAT ruled that the “clean slate” principle does not extend to liabilities existing on the date of the e-auction sale of a corporate debtor as a going concern. The tribunal…
The Kerala High Court ruled that penalties for tax evasion should not be imposed for minor discrepancies. The court emphasized that penalties should be proportionate to the…
The Madhya Pradesh High Court ruled that the non-functionality of the TRACES portal cannot be used to deny the benefits of statutory rights to an assessee. The court directed the…
MSME lender U GRO Capital has crossed INR 10,000 crore in assets under management AUM in Q2 FY25. The milestone reflects the company’s strong growth trajectory and its commitment…
The government of Andhra Pradesh has accelerated construction plans for PSU projects in Amaravati following the recent elections. The focus is on expediting the development of key…
Andhra Pradesh has attracted investments worth INR 60,000 crore, according to claims by the Telugu Desam Party TDP . The investments span various sectors, including…
The Reserve Bank of India RBI has directed asset reconstruction companies ARCs to become members of all credit information companies CICs . This move aims to enhance the…
The Reserve Bank of India RBI has asked asset reconstruction firms ARCs to standardize their credit bureau reporting practices. This directive aims to ensure consistency and…
The National Company Law Tribunal NCLT Hyderabad Bench dismissed an insolvency petition filed against Karvy Stock Broking Ltd. by Kapston Facilities Management Ltd. under Section…
Over 34.84 lakh audit reports have been filed on the Income Tax e-filing portal up to October 7, 2024. This significant number reflects the compliance efforts of taxpayers and the…
The CBIC has notified the insertion of Section 74A in the CGST Act, effective November 1, 2024. This new section addresses the recovery of tax not paid or short paid due to fraud…
The Reserve Bank of India RBI has issued new guidelines for banks, NBFCs, and regulated entities to enhance their risk assessment for money laundering, terrorist financing, and…
Over 750 homebuyers protested at Jantar Mantar, New Delhi, against Supertech Limited for delaying their homes. The protest, organized by buyers of Supertech projects, addressed…
eBikeGo’s unit has acquired a 40% stake in Varcas Automobiles, a move aimed at strengthening its position in the electric vehicle EV market. The acquisition is expected to enhance…
The Maharashtra Real Estate Regulatory Authority MahaRERA has flagged 314 housing projects undergoing insolvency proceedings, cautioning homebuyers against purchasing properties…
The demand for Indian bonds has outstripped supply, leading to a growing chorus of “buy India bonds.” Investors are attracted to Indian bonds due to favorable interest rates,…
The CBIC has updated FORM GSTR-9, replacing Input Tax Credit ITC details derived from GSTR-2A with those from GSTR-2B, effective November 1, 2024. This amendment, issued through…
Hitachi’s Q1 growth has been driven by a strong order flow and rich valuation, particularly in the renewable energy sector. The company’s Japanese parentage and focus on renewable…
Bernstein and Quants have downgraded Indian stocks, predicting further upside for Chinese markets. The downgrade is based on concerns over high valuations and potential economic…
Blinkit is set to launch a café for quick snack deliveries, expanding its service offerings beyond grocery deliveries. The café will focus on providing a variety of snacks and…
Delhivery has expanded its Employee Stock Option Plan ESOP pool with the allotment of 8.6 lakh equity shares. The move aims to attract and retain top talent by offering employees…
Ola Electric’s shares dropped by 6% amid rising scrutiny over customer complaints. The company has faced increasing criticism regarding the quality and performance of its electric…
AI-based robotics startup Haber has raised INR 317 Cr to support its growth and expansion plans. The funding will be used to enhance Haber’s AI and robotics technology and expand…
Data engineering startup Datazip has secured funding from Equirus InnovateX Fund. The investment will be used to enhance Datazip’s technology platform and expand its market reach.…
Amazon-backed fintech startup ToneTag is in talks to raise $50 Mn to fuel its growth and expansion plans. ToneTag, which specializes in sound-based contactless payment solutions,…
The Allahabad High Court ruled that the police are not authorized to investigate offenses under the Pre-Conception and Pre-Natal Diagnostic Techniques PCPNDT Act. The court noted…
Zee Media has invested INR 3.75 Cr in the dating platform Flutrr. This strategic investment aims to enhance Zee Media’s digital portfolio and tap into the growing online dating…
The Bombay High Court reduced the expulsion of a student from Maharashtra National Law University MNLU Mumbai, accused of sexual harassment, to a suspension. The court found…
The Madras High Court addressed a habeas corpus petition concerning the arrest of workers protesting against Samsung. The court noted that the arrests were made without following…
The Allahabad High Court granted bail to former IAS officer Anil Tuteja, accused in the Chhattisgarh liquor scam. The court noted that Tuteja had been in custody for an extended…
A Delhi court granted bail to Chartered Accountant Rajan Malik, accused in the Vivo money laundering case. The court noted that Malik had been in custody for a significant period…
The Karnataka High Court addressed the arbitrary transfer of a prisoner accused in the Renukaswamy murder case. The court noted that the transfer was carried out without following…
The Kerala High Court criticized the state government for ignoring its orders to remove illegal hoardings. The court noted that despite multiple directives, the authorities had…
TalkCharge, a digital payments platform, moved the Delhi High Court challenging an RBI order to stop its operations. The RBI had directed the company to cease operations due to…
The Allahabad High Court denied bail to a Samajwadi Party leader accused in the gangrape of a minor in Ayodhya, citing potential adverse effects on the trial. The court emphasized…
The Bombay High Court restricted the expulsion of a law student accused of sexual harassment, reducing it to a suspension. The student from Maharashtra National Law University…
The Gujarat High Court questioned the state for conducting a preliminary inquiry instead of registering an FIR against BJP MLA Gajendrasinh Parmar, accused of rape. The court…
The Bombay High Court ruled on the eviction of Shilpa Shetty and Raj Kundra from a property attached by the Enforcement Directorate ED under the Prevention of Money Laundering Act…
The Delhi High Court addressed the issue of frivolous litigation by government departments, emphasizing the need for accountability and efficient use of judicial resources. The…
The Delhi High Court criticized the practice of withholding bail despite merits, emphasizing the importance of personal liberty. The court noted that bail should not be denied as…
The Delhi High Court ruled that legal internships do not constitute law practice, impacting the eligibility criteria for various legal positions. The court’s decision came in…
The Karnataka High Court ruled on the maintainability of writ petitions and the granting of interim injunctions. The court emphasized that writ petitions are maintainable even…
The Kerala High Court refused to impose a gag order on media reporting about the Wayanad rehabilitation efforts but called for responsible journalistic conduct. The court…
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