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The Allahabad High Court ruled in favor of qualified part-time teachers in a case regarding the denial of service benefits. The teachers had argued that they were unfairly…
The Delhi High Court took up a case concerning Congress leader Jagdish Tytler's alleged involvement in the 1984 anti-Sikh riots. The court examined evidence, including eyewitness…
SpiceJet has settled its outstanding GST dues shortly after raising ₹3,000 crores via a Qualified Institutional Placement QIP . The airline, which faced financial difficulties,…
The Income Tax Appellate Tribunal ITAT remanded a case for fresh consideration where Form 10B, required for claiming exemptions under Section 11, was not submitted due to a…
CESTAT confirmed that DLP projectors used primarily for data projection are exempt from taxes. The ruling followed a dispute over whether such devices should be classified as…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has ruled that traders are entitled to an exemption under Notification No. 102/2007-Cus without the need for…
ICICI Lombard, one of India’s largest general insurers, has received an Income Tax demand of Rs 1,388 crore for the Assessment Year 2021-22. The demand primarily pertains to…
Two GST officials were arrested for extortion after a raid recovered Rs 69 lakh in cash and gold. The officials had allegedly demanded a bribe from a trader and threatened him…
The RBI identified concerning practices among certain financial institutions regarding loans against gold jewellery. These practices include discrepancies in loan disbursements,…
Food delivery startup Swiggy is preparing for its IPO, but analysts predict that its valuation may be lower than that of rival Zomato. Despite significant growth in recent years,…
RBI Deputy Governor M. Rajeshwar Rao addressed small finance banks SFBs , urging them to adopt responsible lending practices to maintain financial stability. The speech…
The Indian government is focusing on simplifying the Income Tax system, with public feedback expected to play a key role before the 2025 Budget. Key areas for improvement include…
The Himachal Pradesh High Court ruled that no GST is payable on the free electricity provided by the National Hydroelectric Power Corporation NHPC to the Himachal Pradesh…
In another significant insurance ruling, the NCDRC held that ambiguous terms in insurance contracts must be interpreted in favor of the policyholder. The Commission stated that…
Bajaj Finserv shares jumped by 20% after the company set the record date for its demerger plan. The demerger involves separating the company’s insurance and financial services…
The Madras High Court remanded a GST assessment case back to the authorities, stating that discrepancies in Input Tax Credit ITC figures and inconsistent amounts in the final…
The Institute of Banking Personnel Selection IBPS has released the scorecards and provisional allotment lists for various posts, including the RRB Office Assistant positions.…
CarDekho, one of India’s leading auto portals, is preparing for its Initial Public Offering IPO and aims to raise $500 million in 2024. The company plans to use the proceeds to…
Tata Group’s iPhone manufacturing facility in India has temporarily halted operations following a significant fire. The blaze, which affected a key section of the plant, has…
The Supreme Court addressed the legality of bulldozer actions taken against the houses of accused individuals in various cases. The petitioners argued that these actions amounted…
CarDekho, one of India’s leading auto portals, is preparing for its Initial Public Offering IPO and aims to raise $500 million in 2024. The company plans to use the proceeds to…
Shares of Reliance Industries fell by over 3% in September 2024, resulting in a market valuation loss of nearly Rs 66,819 crore. The decline is attributed to concerns over global…
Food delivery startup Swiggy is preparing for its IPO, but analysts predict that its valuation may be lower than that of rival Zomato. Despite significant growth in recent years,…
According to a report by ICRA, Indian pharmaceutical companies are expected to grow by 9-11% in FY25, driven by increased demand for generic drugs and robust domestic sales. The…
The Supreme Court criticized the West Bengal government for slow progress in implementing safety measures at RG Kar Medical College following incidents of violence and…
The Orissa High Court ruled that electricity transmission and distribution charges do not attract GST. The court upheld the petitioner’s argument that electricity is not…
The Patna High Court quashed a GST demand order that failed to mention the date of the order, making it impossible for the petitioner to determine the appeal's limitation period.…
The Indian stock markets experienced mixed activity on September 30, 2024, with the Sensex and Nifty indices fluctuating throughout the day. The BSE Sensex dropped over 100 points…
The Securities and Exchange Board of India SEBI has imposed a fine of Rs 10 lakh on Anand Rathi Share and Stock Brokers for violating stockbroker regulations. The firm was found…
India’s consumer durables sector, particularly in air conditioners and refrigerators, is witnessing strong export growth, bolstered by research, development, and government…
As the Reserve Bank of India RBI prepares for its monetary policy review, expectations are rising for a potential rate cut. Inflation is easing, and global conditions remain…
Airtel has prepaid Rs 8,465 crore to the Department of Telecommunications DoT for the spectrum it acquired in a 2016 auction. This prepayment covers deferred liabilities, allowing…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT rejected an appeal by the Department seeking the reclassification of wooden logs imported by the appellant. The…
The Institute of Chartered Accountants of India ICAI has invited suggestions from its members and stakeholders for a comprehensive review of the Income Tax Act, 1961, as well as…
ICICI Prudential Life Insurance has received an income tax order demanding ₹361.23 crores for the assessment year 2022-23. The order stems from discrepancies found during an audit…
The much-anticipated merger between Air India and Vistara has reached a significant milestone, with officials confirming that the assessment phase is complete. The next stage will…
Bank credit to the MSME sector has seen a 14% rise under the RBI's priority lending guidelines, according to recent data. This surge indicates an increased focus on funding the…
Solex Energy, a leading renewable energy company in India, announced plans to invest Rs 1,500 crore to expand its solar panel manufacturing capacity. The investment will be…
A Bengaluru-based investment banker won a unique competition dubbed the ‘Sleep Champion’ title, which awarded Rs. 9 lakh for simply staying asleep. The competition, aimed at…
Insurance premiums are likely to rise following the implementation of revised surrender value rules by the Insurance Regulatory and Development Authority of India IRDAI . The new…
HDFC Life Insurance has received a tax demand of ₹296.76 crores from the Income Tax authorities. The notice pertains to discrepancies found in the company's tax filings. HDFC Life…
The Central Board of Direct Taxes CBDT has extended the deadline for submitting audit reports for the financial year 2023-24 until October 7, 2024. This extension comes as a…
The Delhi government has ordered a special audit of 12 Delhi University DU colleges over allegations of financial irregularities. The audit will examine mismanagement of public…
RBI Deputy Governor M. Rajeshwar Rao addressed small finance banks SFBs , urging them to adopt responsible lending practices to maintain financial stability. The speech…
The RBI identified concerning practices among certain financial institutions regarding loans against gold jewellery. These practices include discrepancies in loan disbursements,…
Thinkuvate has marked the first close of its India Fund at Rs 25 crore, targeting investments in early-stage startups in the technology and innovation sectors. The fund aims to…
Shares of National Mineral Development Corporation NMDC saw a 5.5% surge as iron ore prices increased, driven by signs of economic recovery in China. The rise in prices is…
The Institute of Banking Personnel Selection IBPS has released the scorecards and provisional allotment lists for various posts, including the RRB Office Assistant positions.…
The Indian government has officially notified the PM E-Drive Scheme, aimed at accelerating the adoption of electric vehicles EVs across the country. The scheme focuses on…
PhonePe has partnered with Jar, a savings app, to offer daily savings options in digital gold to its users. This collaboration allows customers to save small amounts of money…
The Allahabad High Court ruled in favor of qualified part-time teachers in a case regarding the denial of service benefits. The teachers had argued that they were unfairly…
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