News & Judgements

Indian mutual funds' foreign liabilities have increased by 36% in FY24, according to an RBI survey. This rise reflects greater international investment and financing by Indian…

Nomura predicts that the RBI will cut interest rates by 75 basis points in FY25 to stimulate economic growth. This forecast aligns with expectations for easing monetary policy…

The RBI has highlighted increased operational risks associated with the widespread adoption of digital payments. As digital transactions grow, concerns about cybersecurity, fraud,…

Nomura forecasts a 75 basis points cut in the RBI’s repo rate in FY25. This potential rate reduction is expected to stimulate economic activity by lowering borrowing costs and…

The RBI has issued a warning to financial institutions regarding over-reliance on third-party vendors, citing potential risks. Institutions are advised to ensure rigorous due…

The Engineering Export Promotion Council EEPC and the Indian Small Scale Industries Development Bank ISSDA are collaborating to boost MSME exports. This partnership seeks to…

India and the US have signed a landmark MOU to enhance support for the MSME sector. The agreement aims to improve collaboration and provide mutual assistance in developing small…

The Sensex closed above 79,100 on August 14, while the Nifty 50 ended flat. IT stocks performed well, buoying the market despite overall stagnation. Sector-specific movements,…

The IPOs of FirstCry and Unicommerce have generated significant excitement among investors. The offerings are expected to attract considerable attention due to the companies'…

OfBusiness is in discussions with bankers to launch a $500 million IPO next year. The planned IPO aims to support the company's expansion and growth strategies. The move reflects…

Insurance coverage played a crucial role in supporting 46,000 women during the recent heatwave, helping them avoid extreme conditions. The coverage included provisions for health…

The GST Council is expected to debate the application of GST on insurance premiums in its upcoming meeting. The discussion will address the impact of GST on insurance products and…

The Enforcement Directorate ED has summoned Mohit Burman of Dabur and other individuals as part of the Religare money laundering investigation. The probe focuses on alleged…

India is planning to introduce financial incentives to boost the development of critical minerals. The initiative aims to support mining and production efforts for essential…

Non-Resident Indians NRIs cannot claim long-term capital gains LTCG indexation benefits when selling property in India. The clarification addresses regulatory changes and tax…

MSMEs in India are set to receive ₹15,000 crore in subsidies to boost recycling efficiency. This financial support aims to enhance the recycling processes within the sector,…

Both mutual funds and foreign institutional investors have recently turned bearish on 13 PSU stocks. This shift in sentiment indicates concerns about the future performance of…

PSU banks have reported decent Q1 results, but concerns about valuation persist. Analysts are debating whether the current stock valuations are supportive of further market…

Overvaluation of PSUs might persist longer, according to Venugopal Garre. He suggests that the market may continue to overvalue public sector stocks, impacting their investment…

Nandan Nilekani emphasized the potential of frugal engineering to make artificial intelligence AI more cost-effective for India. He highlighted the need for affordable and…

The Income Tax Appellate Tribunal ITAT ruled that a taxpayer was entitled to a deduction under Section 80IA 4 i of the Income Tax Act for developing and operating infrastructure…

The Madhya Pradesh High Court ruled in favor of Mount Everest Breweries in a dispute over the registration of the label "Vasco 60000 Extra Strong Beer." The court found that the…

The Delhi High Court quashed an assessment order issued under Section 148 of the Income Tax Act, ruling that no notice can be issued if four to six years have passed since the…

The Delhi High Court modified an order canceling a GST registration due to the absence of a reasoned decision. The court found that the cancellation order was issued without…

The Calcutta High Court dismissed a writ petition challenging the delay in GST recovery, citing the petitioner’s failure to directly challenge the appellate order. The court…

A company backed by Pharmeasy's co-founder has filed a Draft Red Herring Prospectus DRHP for a ₹600 crore IPO. The IPO aims to raise funds for business expansion and growth. The…

The privatization of IDBI Bank is progressing, with the government planning to grant private entities access to bank data by early August. This step is part of the ongoing efforts…

The Gensol-Matrix consortium has emerged as the winning bidder for a major contract to manufacture hydrogen electrolyzers. The bid, part of a push to advance green hydrogen…

Radhika Gupta, an investor on "Shark Tank India" Season 3, has committed to investing in three out of four deals presented to her. Her investments reflect confidence in the…

Vodafone Idea Limited VIL has experienced an increase in subscribers and a decrease in port-outs following recent tariff hikes. The company's CEO attributed this rise to the…

ONGC, JSW Energy, and Sembcorp have been shortlisted for acquiring a majority stake in Ayana Renewable Power. The deal, valued at $800 million, involves significant investments in…

The European Union has issued a warning to Elon Musk regarding his decision to host Donald Trump on X formerly Twitter . EU officials are concerned that the interview could spread…

The Federation of Resident Doctors' Association FORDa called off its strike after receiving assurances from the Health Minister regarding the resolution of their demands. However,…

Defections of BRS Bharatiya Rashtra Samithi MLAs to Congress have been halted due to uncertainty over ticket assurances for upcoming elections. The political maneuvering reflects…

The electric vehicle EV industry is calling for stability in government incentives and long-term subsidy assurances as the FAME III policy is set to roll out. Manufacturers argue…

Doctors and interns at CNMCH are protesting the dumping of garbage from RG Kar Medical College on their premises, raising concerns about hygiene and safety. The agitating medics…

Despite some positive changes by audit firms, much more needs to be done to address the gaps in auditing practices, according to Ajay Bhushan Pandey. He emphasized the need for…

Despite increased access to banking services in India, MSMEs remain underserved, facing challenges in obtaining credit and financial support. The Account Aggregator AA framework…

The Mauritius banking regulator, Financial Services Commission FSC , issued a clarification regarding the Hindenburg report's allegations against Indian firms. The FSC emphasized…

Standard Chartered appointed Aditya Mandloi as the Head of Wealth and Retail Banking for India and South Asia. Mandloi's appointment is part of the bank's strategy to strengthen…

The Central Board of Direct Taxes CBDT has exempted the West Bengal Transport Workers' Social Security Scheme from income tax under Section 10 46 of the Income Tax Act. This…

RBI Deputy Governor M Rajeshwar Rao warned of heightened vulnerabilities in online and mobile banking, which could lead to liquidity crises for banks. He emphasized the need for…

Former RBI Governor C Rangarajan discussed the need for enhanced competition and efficiency in India's banking system to support economic growth. He highlighted the importance of…

Rural women in India have the potential to drive the country’s fintech revolution by leveraging mobile technology and digital platforms. With increasing access to financial…

The Supreme Court granted freedom to a youth who had been denied bail despite being eligible under the Juvenile Justice Act. The court criticized the lower courts for not adhering…

A plea was filed in the Supreme Court challenging the Telangana Governor's refusal to appoint two BRS leaders as Members of the Legislative Council MLCs . The petition questions…

The Supreme Court warned the Maharashtra government that it might halt its 'Ladki Bahin' scheme, which provides financial assistance to girls, if the state continues to spend on…

The Punjab and Haryana High Court quashed an FIR against an actor who referred to Sage Valmiki as a dacoit in a public statement. The court ruled that the statement, though…

The Supreme Court sought a response from the Bar Council of India BCI on a plea by Justdial challenging a Madras High Court order to remove advertisements for lawyers from its…

The Customs, Excise, and Service Tax Appellate Tribunal CESTAT ruled that leasing power-generating equipment constitutes a "deemed sale" and is exempt from service tax. The…