The Indian stock market saw a rebound with the Sensex gaining 376 points and the Nifty ending a three-day losing streak. This positive movement was driven by gains in FMCG…
09/09/20241 min read
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The Indian stock market saw a rebound with the Sensex gaining 376 points and the Nifty ending a three-day losing streak. This positive movement was driven by gains in FMCG…
At the second India-Japan Finance Dialogue held in Tokyo, both countries agreed to enhance financial cooperation and strengthen bilateral economic ties. The dialogue focused on…
The Public Accounts Committee PAC is scheduled to conduct an audit of the Jal Jeevan Mission’s performance on September 10. The mission, aimed at providing safe and adequate…
The Indian government has decided to merge AirAsia India with AI Express, a move aimed at consolidating operations within the aviation sector. This merger is expected to optimize…
SpiceJet is undergoing a financial restructuring plan in collaboration with Carlyle Group. This plan involves significant changes to the company’s equity structure, aimed at…
Two Asset Management Companies AMCs have recently introduced index funds focused on the defense sector. These funds aim to provide investors with exposure to defense-related…
India has established its first sovereign wealth fund with a corpus of ₹50 lakh crore. This fund is intended to manage and invest surplus government funds, aiming to generate…
Life insurance companies in India saw a significant 22% increase in new business premiums in August. This surge reflects a growing interest in life insurance products, driven by…
Bank of America has initiated an internal investigation after a whistleblower alleged that the bank disclosed confidential information about clients. The complaint reportedly…
New safety standards for machinery and electrical equipment are set to impact micro, small, and medium enterprises MSMEs . The updated regulations aim to enhance safety and…
India Inc has experienced a 63% increase in deal value, reaching $8.7 billion in August. This surge reflects heightened M&A activity and investment interest across various…
The Indian government is considering a stake sale in 3-4 public sector undertakings PSUs through an Offer for Sale OFS in sectors such as defense, railways, and power. This…
Analysis of stock movements in public sector banks PSUs such as SBI, Goldman Sachs, and Bank of Baroda reveals significant trends and investment opportunities. The performance of…
India's ambitious goal of achieving ₹2 lakh crore in exports is facing challenges due to a credit crunch among banks. The government is seeking high-level intervention to address…
A recent survey indicates that India's inflation rate remained below the Reserve Bank of India's RBI target at approximately 3.5% in August. This sustained low inflation is…
AngelList has introduced a new platform tailored for the Indian private equity market, aiming to connect investors with promising startups and venture opportunities. The platform…
The latest updates on the BSE Sensex and Nifty indices highlight the current trends and movements in the Indian stock market. As of September 9, 2024, market activity shows…
Daewoo, the South Korean multinational, is entering the Indian home appliances market as part of its strategy to increase its market share. This expansion includes a range of new…
The Securities and Exchange Board of India SEBI has revised the eligibility criteria for foreign venture capital investors FVIs seeking registration. The new guidelines aim to…
Krishnan VR, a market analyst, predicts that mid and small-cap stocks will not experience a valuation dip if they meet their projected earnings growth. The analyst argues that the…
Byju’s, the leading edtech firm, has disclosed that it may not be required to settle a substantial claim with Glas Trust as the verified amount is significantly lower than…
Linde India has approached the Securities Appellate Tribunal SAT seeking relief from a SEBI-mandated valuation exercise. SEBI had directed Linde India to undertake a valuation of…
Indian politician Shashi Tharoor has approached the Supreme Court challenging a trial court's summons against him concerning a controversial remark about Prime Minister Narendra…
The Kerala High Court is currently reviewing a public interest litigation PIL challenging the constitutionality of Section 69BNS, which criminalizes sexual activity under false…
The Delhi High Court has awarded ₹10 lakh as compensation to the family of an individual who died due to electrocution. The compensation is granted on sympathetic grounds,…
The Supreme Court has stayed the First Information Report FIR against the Tulja Bhavani Temple in Maharashtra. The FIR likely involved allegations related to the temple’s…
The Supreme Court has imposed costs on a convict who falsely claimed early release from imprisonment. The case highlights the misuse of legal processes and the consequences for…
The Delhi High Court has granted bail to Sameer Mahandru in a case related to the excise policy. The case involves allegations of corruption or misconduct in the implementation of…
The Supreme Court has issued a contempt notice to a former Principal Secretary of Uttar Pradesh's Prison department. The contempt notice is likely related to non-compliance with…
The Jammu and Kashmir High Court has addressed issues related to complaints under the Negotiable Instruments Act NI Act , specifically concerning cheque bounce cases. The Court’s…
The Supreme Court has ruled that individuals summoned by the Enforcement Directorate ED must attend through agents if they cannot appear personally. This ruling clarifies…
The Goods and Services Tax Network GSTN has extended the facility for online GST payments via credit and debit cards, as well as UPI, to Arunachal Pradesh, marking the…
The Income Tax Appellate Tribunal ITAT recently set aside an ex-parte assessment order made by the Assessing Officer AO . The order was passed without considering the Income Tax…
The GST Council has deferred the decision on imposing an 18% GST on UPI transactions below ₹2,000 and has forwarded the matter to the fitment committee for further study. Concerns…
The Life Insurance Corporation of India LIC has been penalized ₹230 crore by the GST authorities in Tamil Nadu and Telangana for discrepancies in GST payments. The authorities…
The ITAT criticized the CIT A for dismissing a taxpayer’s appeal solely on the grounds of non-compliance without addressing the merits of the case. The tribunal ordered a…
The ITAT ruled that a taxpayer cannot be denied the benefit of deductions under Section 80C merely due to the incorrect filing of ITR-5 instead of ITR-2. The tribunal emphasized…
The ITAT ruled that agricultural land does not attract capital gains tax under Section 45 of the Income Tax Act until the land is officially converted for non-agricultural…
The ITAT upheld the Principal Commissioner of Income Tax PCIT 's decision to invoke Section 263, criticizing the Assessing Officer AO for not examining delays in the employer's…
Finance Minister Nirmala Sitharaman chaired the 54th GST Council meeting, which discussed key policy issues, including GST on UPI transactions under ₹2,000 and research grants.…
At the 54th GST Council meeting, the Delhi Finance Minister raised concerns over the applicability of GST on research grants. The issue stems from whether research funding from…
The GST Council was set to discuss the imposition of an 18% GST on UPI transactions below ₹2,000, sparking debate over its potential impact on financial inclusion and digital…
The Madras High Court remanded cases related to Input Tax Credit ITC denial under Section 164 of the GST Act back to the Assessing Officer AO for a fresh review under the Finance…
The Supreme Court imposed a cost of ₹10,000 on a petitioner for attempting to obtain a remission by suppressing facts and providing false information. The petitioner had sought…
The Supreme Court held that the Prevention of Money Laundering Act PMLA supersedes the Code of Criminal Procedure CrPC concerning the procedures for summoning individuals. The…
The Supreme Court clarified that an individual already in custody for one case can apply for anticipatory bail in another case. The ruling came in response to legal ambiguity…
The Supreme Court dismissed the appeals of Trinamool Congress MP Abhishek Banerjee and his wife, who had challenged summons issued by the Enforcement Directorate ED in connection…
The Telangana High Court heard a petition concerning the defection of Bharat Rashtra Samithi BRS MLAs to the Congress party. The case highlighted the increasing trend of political…
The Delhi Income Tax Appellate Tribunal ITAT ruled that external development charges collected in advance by a builder from prospective flat owners should not be treated as…
The Delhi High Court quashed a show cause notice SCN issued for the cancellation of a petitioner’s GST registration on the grounds that it lacked sufficient reasoning. The court…
The Indian stock market saw a rebound with the Sensex gaining 376 points and the Nifty ending a three-day losing streak. This positive movement was driven by gains in FMCG…
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