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Vodafone Idea has been slapped with a GST demand of Rs. 15.19 crore and a penalty of Rs. 1.51 crore by the Indian tax authorities. The demand arose from discrepancies observed in…
Several chocolate companies and bakeries have received GST notices from the Indian tax authorities for allegedly underpaying taxes. The notices claim that these businesses…
The Life Insurance Corporation of India LIC has been issued a GST demand order amounting to Rs. 605.5 crore for the financial year 2020. The demand is based on alleged…
The Supreme Court has declined to modify its previous order related to the dispute over the Jalgaon mosque. However, it has allowed for a review petition to be filed. The ongoing…
The National Company Law Tribunal NCLT has approved the merger between Reliance’s Viacom18 and Disney’s Star India, marking a significant consolidation in the media and…
The Orissa High Court has introduced a bilingual High Court Repository HCR portal that provides access to court judgments in both English and Odia. This initiative aims to improve…
The Delhi High Court has rejected a plea challenging the internal elections of the Janata Dal United JD U party, which saw Nitish Kumar elected as the party president. The court's…
The Bombay High Court has imposed a penalty of Rs. 50 lakh on a company for violating an injunction order related to the unauthorized use of the Fevicol trademark. The court's…
The Central Bureau of Investigation CBI has arrested an Income Tax Principal Commissioner for allegedly accepting a bribe of Rs. 10 lakh. The official was caught red-handed while…
The Allahabad High Court has dismissed a petition challenging the constitutional validity of a GST notification that extended the time limit for issuing orders under Section 73 of…
The Allahabad High Court has quashed a GST order that imposed a penalty for the expiry of an e-way bill due to the driver taking an uninformed detour. The court ruled that the…
New GST provisions included in the Finance Act are set to be enforced following a meeting of the GST Council. These provisions are expected to bring changes to the Goods and…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has ruled that amounts paid by employees to employers for waiving the notice period are not subject to service tax.…
Justice Hima Kohli’s message, as highlighted by Chief Justice DY Chandrachud, is that women should not feel compelled to forsake their femininity to succeed in the legal…
MP Thol Thirumavalavan has filed a review petition challenging a recent Supreme Court judgment that allows the sub-classification of Scheduled Castes. Thirumavalavan argues that…
The Supreme Court of India has ruled that applications to condone delays in filing written statements cannot be summarily rejected. This decision emphasizes the need for courts to…
The Madras High Court has directed a fresh adjudication in a case where GST notices were only uploaded on the GST portal, without proper physical or digital delivery to the…
The Bombay High Court has ruled that an income tax notice issued under Section 148 to a deceased person is invalid. The court directed the tax authorities to issue a fresh notice…
The Institute of Chartered Accountants of India ICAI reprimanded a Chartered Accountant CA for engaging in non-professional activities by supplying building materials. The CA was…
Indian Prime Minister Narendra Modi addressed the Global Fintech Fest, focusing on the challenges of cyber fraud and the role of the Unified Payments Interface UPI in transforming…
India is currently spending over 3% of its Gross Domestic Product GDP on government pensions, reflecting a growing fiscal burden on the states. This significant expenditure on…
The Comptroller and Auditor General of India CAG has signed a memorandum of understanding MoU with Saudi Arabia's General Court of Audit. This MoU aims to enhance collaboration…
Bharat Petroleum Corporation Limited BPCL has announced plans to establish a new refining-cum-petrochemical complex over the next 5-7 years. This ambitious project aims to expand…
HDFC Bank has introduced a new financial product aimed at India’s gig workers, known as the Giga Financial Product. This product is designed to cater to the unique financial needs…
The Institute of Chartered Accountants of India ICAI has approved the Audit Quality Maturity Model Version 2.0, which will be implemented in auditing selected firms. This updated…
A recent report by Boston Consulting Group BCG projects that the Indian fintech sector, currently valued at $100 billion, holds significant growth potential. The report highlights…
Insecticides India Ltd. has announced a share buyback plan at a price of ₹1000 per share. This move is part of the company's strategy to return surplus cash to its shareholders…
Aviva India is under scrutiny for allegedly paying Rs 218 crore to fictitious vendors to avoid paying taxes to the Income Tax Department. This case highlights serious concerns…
The GST Council is considering exempting term life insurance from tax relief, although it is unlikely to extend the same to investment-linked insurance plans. This potential…
SBI Life Insurance has launched a digital film celebrating the resilience and achievements of Indian Paralympic athletes. The film highlights the athletes' remarkable…
Union Bank’s report reveals a notable decline in banking liquidity, which has dropped to Rs 0.95 lakh crore from a previous peak of Rs 2.86 lakh crore. This decrease signifies a…
In July, banks in India have channeled Rs 25 lakh crore in priority lending to MSMEs, reflecting a substantial commitment to supporting small and medium enterprises. This move is…
The Securities and Exchange Board of India SEBI has approved Indian International Holdings Ltd. IIHL acquisition of the portfolio management services PMS business unit of Invesco…
The renewable energy sector in Tiruchi is set to significantly boost the growth of MSMEs in the region. According to the CEO of Union Bank, this sector's expansion is expected to…
Tamil Nadu has seen significant growth in its MSME sector, with 1,645 new operational units being established, leading to the creation of approximately 60,000 jobs. This expansion…
India’s Ministry of MSME has advocated for public sector industries to prioritize purchases from Micro, Small, and Medium Enterprises MSMEs . This recommendation is aimed at…
The MSME sector in Tamil Nadu is experiencing substantial growth, with the establishment of 1,645 new operational units creating approximately 60,000 jobs. This growth highlights…
The Securities and Exchange Board of India SEBI has approved Indian International Holdings Ltd. IIHL acquisition of the portfolio management services PMS business unit of Invesco…
A public sector undertaking PSU in the upstream oil sector has seen its stock price surge by 209% in the calendar year 2024. This remarkable increase is attributed to favorable…
The Indian Renewable Energy Development Agency IREDA has received its first international credit rating from S&P Global, which is expected to enhance its access to global markets.…
The Reserve Bank of India RBI has imposed a penalty of ₹2.68 crore on UCO Bank for violating regulatory provisions. The penalty underscores the RBI's commitment to ensuring…
The MSN Group has announced its foray into the real estate sector, marking a significant diversification of its business interests. This move is part of the group’s strategy to…
The Telangana government has confirmed that the Devadula irrigation project in Hyderabad will be completed by December 2025. This project is crucial for enhancing water supply and…
Residents in Chennai are facing significant delays in their housing projects due to the realtor's failure to adhere to timelines. The delays have left many homebuyers in a state…
On August 30, 2024, the financial markets experienced notable movements. Key indices showed varied performance, influenced by domestic and international economic indicators. The…
Insecticides India Ltd. has announced a share buyback plan at a price of ₹1000 per share. This move is part of the company's strategy to return surplus cash to its shareholders…
A recent report by Boston Consulting Group BCG projects that the Indian fintech sector, currently valued at $100 billion, holds significant growth potential. The report highlights…
Nilesh Shah of Kotak Mahindra AMC has expressed optimism about sustained market momentum, noting that valuations have not yet reached their peak. His comments reflect a positive…
A court in Madhya Pradesh has convicted a publisher and several journalists for disclosing the identity of a minor rape victim in their news report. This conviction underscores…
The Kerala High Court has encouraged the municipal body to use Instagram for a campaign against waste dumping. This directive reflects the court's support for innovative…
Vodafone Idea has been slapped with a GST demand of Rs. 15.19 crore and a penalty of Rs. 1.51 crore by the Indian tax authorities. The demand arose from discrepancies observed in…
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