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The Delhi High Court issued summons to Red Chillies Entertainment and Netflix in a defamation suit filed by Sameer Wankhede against a show featuring Aryan Khan. The court action…
The Delhi High Court issued notice on a public interest litigation seeking recognition of rape as an offense when committed against transgender women, challenging existing…
The Supreme Court overturned a murder conviction and acquitted the accused, finding that the prosecution failed to exclude the reasonable possibility of suicide. On reappraisal of…
Apple’s iPhone exports from India spiked by 75% year on year to $10 billion in H1 FY26, reflecting increasing global manufacturing reliance on India under “Make in India”. The…
This article lists and analyses new product features, innovations, partnerships and platform enhancements launched by various fintech startups PhonePe, Navi etc. at the Global…
Shares of Ather Energy reached a fresh high amid market optimism, and HSBC revised its target price upward to INR 700 reflecting confidence in growth outlook, product expansion,…
A court in Doda district, J&K, sentenced Irfan Ali to life imprisonment for conspiring with militants to murder Sher Mohammad, a village sarpanch, in 2002. The crime was…
Following deaths linked to contaminated cough syrups, the drug regulator directed manufacturers to test both raw materials and finished products before batch release. This measure…
In a petition filed by residents affected by a disaster in Wayanad, the Kerala High Court strongly criticised the Union government’s refusal to waive loans or extend relief. The…
Sergio Gor was confirmed by the U.S. Senate as the next Ambassador to India, with 51 senators voting in favor and 47 against. His appointment is significant for strengthening…
The World Bank revised India's GDP growth forecast for FY26 to 6.5%, highlighting the positive impact of GST 2.0 reforms, resilient domestic demand, and rural recovery. This…
The ITAT remanded a case where ₹4.81 crore housing loan repayment was treated as unexplained income under Section 69C. The tribunal found the assessee’s evidence insufficiently…
The People's Democratic Party PDP in Jammu and Kashmir submitted a private member's bill titled the 'J&K Land Rights and Regularisation Bill, 2025,' aimed at preventing arbitrary…
The Kerala High Court reprimanded the Union Government for its reluctance to waive loans for victims of the Wayanad landslides, emphasizing that political considerations cannot…
The CESTAT remanded a dispute concerning import of SAP software to the adjudicating authority, due to ambiguity over importer status and whether appropriate customs duty was paid.…
The ITAT held that interest paid on housing loan obtained from a co-operative credit society is eligible for deduction under Section 80C and reversed the AO’s disallowance. The…
The customs authority released 33 vehicles seized under “Operation Numkhor,” while retaining those belonging to actors Dulquer Salmaan and Amit. The article details the legal…
In a case where appeal was filed 729 days late owing to death of counsel and illness, the ITAT exercised discretion to condone the delay. It remanded the issue relating to…
The Madras High Court directed that plywood imports by MSMEs should be cleared by customs without requiring BIS certification registration, granting relief under statutory…
The Madras High Court set aside orders where an assessee had failed to reply to a GST show cause notice SCN . The Court granted a second opportunity to respond and directed fresh…
The CESTAT held that penalties under GST cannot be imposed merely for procedural lapses such as late filing of returns, unless there is evidence of fraud, negligence, or an…
The ITAT ruled that interest earned on statutory deposits which are integral to a lending business is eligible for deduction under Section 80P 2A i . The tribunal examined whether…
The National Company Law Tribunal approved a resolution plan worth ₹34 crore for a ship leasing company, with unanimous approval 100 % from the Committee of Creditors CoC . The…
The CESTAT Chennai set aside a demand order in a case involving alleged clandestine movement of MS ingots, holding that statements recorded under Section 14 of the Central Excise…
The Centre pledged to crack down on e-commerce practices of levying extra “cash on delivery” charges beyond permissible limits. The article examines consumer protection rules,…
House-of-brands startup Meolaa has secured a $6 million pre-Series A funding round led by General Catalyst, with participation from Claypond Capital, Colossa Ventures, Kunal Shah…
The Andhra Pradesh High Court set aside orders passed under GST wherein a show cause notice lacked proper digital signatures, and a composite assessment was issued without…
Tractor Junction, an online marketplace for used tractors, has reported revenue crossing ₹100 crore in FY25. The article analyses growth drivers—expansion across geographies, used…
Stackbox, a tech startup likely in logistics / supply chain / SaaS , is preparing to raise its Series A funding round at a valuation exceeding USD 40 million. The article examines…
A potential investor is exploring acquiring up to 16% stake in ixigo travel-tech / OTA through a mix of fresh capital primary issuance and purchase of existing shares secondary .…
The ITAT found that both taxpayer’s valuation and the DVO’s District Valuation Officer valuation were deficient—lacking adjustments for location, comparables or methodology. It…
A sugar company claimed interest income ₹1,445 lakh from fixed deposits and sought to set it off against pre-operative expenses. The ITAT allowed such set-off, considering the…
The CBI arrested a CGST superintendent and inspector in Mumbai for allegedly demanding bribes in exchange for issuing favourable reports for GST registration. The article delves…
The Assessing Officer disallowed a ₹175 crore donation under Section 35AC, but on appeal, ITAT allowed it based on valid government approval in force at the time of donation. The…
The Income Tax Appellate Tribunal ITAT directed grant of full TDS credit of ₹1 lakh in a case of joint ancestral property sale, due to procedural error by deductor. The article…
Eyestems, a biotech / life-sciences startup, saw its valuation jump 70% in a recent Series B funding round. The article delves into the biotech’s research focus, IP,…
Amazon Pay India has reported stagnation in growth for FY25, in terms of transaction volumes, active users or revenue. The article analyses causes: increasing competition,…
The National Company Law Tribunal approved a ₹34 crore resolution plan for a ship-leasing company, with 100% of the Committee of Creditors CoC assenting. The approval is subject…
The ITAT remitted a case where school fees deposited in the bank account were treated as unexplained income. It directed the Assessing Officer to re-examine whether exemptions…
Google has announced plans to invest USD 10 billion to build a data centre cluster in Visakhapatnam, India, as part of its global infrastructure expansion and support for Indian…
Qapita, a Singapore-headquartered equity and cap-table management platform, has raised USD 265 million in a Series B round or latest funding round to scale operations, expand…
The Supreme Court clarified the standard and approach applicable in civil claims for compensation arising from railway accidents, distinguishing them from criminal prosecutions.…
The Supreme Court addressed insurer liability in motor accident claims where the driver held a forged or fake licence. Analysing the scope of policy exclusions and the doctrine of…
The Supreme Court voiced grave concern over systemic delays afflicting criminal trials in Maharashtra, describing the situation as a “shocking state of affairs” and stressing the…
This feature examines a seeming dichotomy in India’s AI ecosystem: while investors remain cautious due to valuation risk, capital allocation, and regulatory uncertainties, deal…
Anthropic, a leading AI research company, is reportedly in talks with Reliance to deepen its footprint in India—possibly via collaboration, local data infrastructure, or…
In an interview or commentary, the CEO of Paytm expressed concern that India is yet to exploit AI at scale, despite its talent pool and market potential. The article discusses…
During Global Fintech Festival GFF , NPCI unveiled four new UPI-based services or enhancements aimed at broader inclusion, payment innovation, and extending UPI to newer use-cases…
Amazon has selected three Indian startups to join its Generative AI accelerator program. The article profiles each startup’s specialization e.g. generative models, AI applications…
The Reserve Bank of India has introduced a controlled retail sandbox for Central Bank Digital Currency CBDC with participation from fintech firms to pilot consumer use-cases. The…
The Delhi High Court issued summons to Red Chillies Entertainment and Netflix in a defamation suit filed by Sameer Wankhede against a show featuring Aryan Khan. The court action…
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