Sorted by Latest
An Ahmedabad businessman, Anilkumar Babulal Runthala, was denied bail by the Sessions Court due to his involvement in a significant GST refund scam worth ₹175.93 crore. Runthala…
Recent suggestions to reduce GST on insurance products from 18% to 12% may not significantly benefit policyholders, experts caution. Despite the proposed lower tax rate, the…
Finance Minister Nirmala Sitharaman urged Indian industries to capitalize on Production-Linked Incentive PLI schemes during an industry conference. These schemes aim to boost…
The Supreme Court has rejected a plea by Abhishek Bannerjee challenging summons issued by the Enforcement Directorate ED . The summons were related to an investigation into…
The Supreme Court has directed doctors engaged in a protest to resume work by 5 PM the following day. The protest likely involved issues related to working conditions, pay, or…
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 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 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…
Payment firms in India have been hit with GST demands for transactions under ₹2,000, sparking concerns within the industry. These firms process millions of low-value transactions…
The Income Tax Appellate Tribunal ITAT ruled that deductions under Section 80P of the Income Tax Act cannot be claimed beyond the due date for filing Income Tax Returns ITR as…
The Competition Commission of India CCI clarified that businesses are not obligated to pass on the benefit of additional GST Input Tax Credit ITC to customers. This decision was…
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 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 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 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 Kerala High Court is currently reviewing a public interest litigation PIL challenging the constitutionality of Section 69BNS, which criminalizes sexual activity under false…
The Madras High Court directed the GST department to address a taxpayer's detailed representation regarding the unlocking of a blocked credit ledger within two weeks. The taxpayer…
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 ITAT remanded a case where the Assessing Officer AO did not follow Central Board of Direct Taxes CBDT guidelines related to cash deposits made during demonetization. The AO…
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…
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…
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…
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…
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…
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 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…
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…
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 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…
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…
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…
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…
The Central Bureau of Investigation CBI has arrested a group of GST officers and a Chartered Accountant CA involved in a ₹60 lakh bribery scandal. The case involved the misuse of…
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…
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…
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…
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…
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…
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…
Bank of America has initiated an internal investigation after a whistleblower alleged that the bank disclosed confidential information about clients. The complaint reportedly…
Bank of America has initiated an internal investigation after a whistleblower alleged that the bank disclosed confidential information about clients. The complaint reportedly…
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…
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…
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…
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…
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…
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…
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 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…
A recent report projects that deposit growth in India will decelerate to 11.2% year-on-year by 2025. This slowdown is attributed to various factors, including changing economic…
An Ahmedabad businessman, Anilkumar Babulal Runthala, was denied bail by the Sessions Court due to his involvement in a significant GST refund scam worth ₹175.93 crore. Runthala…
Showing 50 of 42930 updates