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Ola Electric is preparing for its IPO, expected to launch in early 2025. The company plans to offer shares at a lower valuation compared to previous estimates, aiming to raise…
The Indian stock market declined for the fourth consecutive day due to a significant drop in banking shares. Concerns were raised following the increase in Securities Transaction…
The Karnataka High Court has clarified that the liability to pay GST and service tax lies with the official liquidator of a company under liquidation. The court ruled that the…
In a recent ruling, the Madhya Pradesh High Court held that the owner of a construction site is liable for a fatal accident if proper warning signs are not displayed. The court…
The Madhya Pradesh High Court, in Misc. Criminal Case No. 27895 of 2024, granted bail to Suma Bhaskaran, detained without trial progress. Arrested under the Prevention of…
The Delhi High Court has issued a circular urging counsels and prosecuting agencies to avoid unnecessary adjournments in cases related to bail, interim bail, parole, suspension of…
The Punjab & Haryana High Court has ordered the Union Government to pay a pending amount of over Rs.13.21 lakhs to a senior panel lawyer, Vikram Bajaj, within eight weeks, or face…
The Punjab & Haryana High Court fined PGIMS Rohtak ₹75,000 for arbitrarily terminating the contract of Junior Physiotherapist Ritu, despite her good performance over ten years.…
Finance Minister Nirmala Sitharaman's bill proposes a restructured customs duty framework to bolster the domestic industry. The legislation aims to enhance local manufacturing by…
The Karnataka High Court has remanded a case concerning the segregation of input services between dutiable goods and exempted services for service tax. The court found that the…
The ITAT has ruled that the benefit of indexation for capital gains tax purposes is based on the cost of acquisition of the property sold by the taxpayer. Indexation allows…
The Jammu & Kashmir and Ladakh High Court ruled that a court can invoke its power of review to correct procedural errors, misrepresentation, and fraud even after a judgment is…
The Delhi High Court directed two men, accused of assaulting a woman and outraging her modesty, to perform one month of community service at Gurudwara Rakab Ganj Sahib. Despite…
The Allahabad High Court addressed the maintainability of a writ petition challenging the termination order of a teacher from an unaided recognized institution. The Court ruled…
The Jammu and Kashmir High Court intervened to help retrieve the body of an Indian man from Pakistan. The man, who had accidentally crossed into Pakistan, had died there. His…
The Delhi High Court has granted Delhi Chief Minister Arvind Kejriwal permission for two additional meetings with his lawyers, citing that "special situations call for special…
The Orissa High Court has mandated the re-evaluation of time-barred GST appeals following a recent government notification. This directive aligns with Notification No. 53/2023,…
The Budget 2024-25 introduces a one-month grace period for penalties related to late filing of Tax Deducted at Source TDS and Tax Collected at Source TCS statements, effective…
The ITAT has ruled to delete an addition of ₹69 lakh made by the Income Tax Department, which was based on cash sales claimed before the business officially commenced. The…
The Economic Times article on Budget 2024 highlights significant changes impacting NRIs. Key updates include increased deductions for investment in specified savings instruments,…
The Andhra Pradesh government has introduced a Land Titling Repeal Bill in the Assembly, aiming to cancel the 2020 Land Titling Act. The Act was designed to streamline land…
Adani Green Energy Limited has successfully operationalized its first 250 MW wind energy capacity at the Khavda wind park in Gujarat. This milestone is part of the company's…
IDBI Bank’s stock surged by 11% following news that the Reserve Bank of India RBI is advancing its review process for the bank's stake sale. The RBI is reportedly evaluating the…
LG Energy Solution is negotiating with Chinese companies to develop affordable electric vehicle EV batteries for the European market. This initiative aims to address the high…
The Economic Times article suggests that investors should monitor 30 stocks from public sector undertakings PSUs and companies associated with Prime Minister Modi's initiatives.…
As of July 24, 2024, gold prices in various Indian cities show fluctuations. In Mumbai, 22-karat gold is priced at ₹57,200 per 10 grams, and 24-karat gold is at ₹62,400. In Delhi,…
The Competition Commission of India CCI has approved Amazon Asia's acquisition of a 76% stake in Frontizo, an Indian company. This deal will give Amazon significant influence over…
The DPIIT Secretary stated that the angel tax, previously applied to investments, should not impact inflows into start-ups. This taxation issue has affected investor confidence…
The Union Budget 2024 has introduced a significant boost for deep-tech startups by establishing a new R&D spacetech fund. This fund aims to support innovation in space technology…
Dr. Reddy's Laboratories experienced a significant drop in its share price recently, falling by 10% on the NSE and BSE. This decline is attributed to several factors, including…
Ola Electric is preparing for its IPO, expected to launch in early 2025. The company plans to offer shares at a lower valuation compared to previous estimates, aiming to raise…
The founder of a leading IVF chain has urged the Indian government to prioritize infertility by including it under health insurance coverage. This call comes as the rising costs…
The article discusses the skewed nature of the surety insurance market, particularly in the context of bid bonds. It highlights that the current market trends favor lower quantum…
In response to a summons from the Enforcement Directorate ED , Kerala’s Finance Minister Thomas Isaac stated it would have been simpler to answer the summons rather than filing…
The Reserve Bank of India RBI has cancelled the license of Mahabhairab Cooperative Urban Bank, Tezpur, effective July 21, 2023, due to its inadequate capital and earning…
The Reserve Bank of India RBI has tightened regulations for domestic money transfers, emphasizing enhanced record-keeping and verification. For cash pay-out services, banks must…
The 2024-25 budget introduces enhanced powers for Commissioners Appeals to tackle appeal pendency starting October 2024. Under section 251 of the Act, Commissioners Appeals can…
The Budget 2024-25 introduced amendments to Sections 245Q and 245R related to advance rulings. Key changes include a reduction in the timeline for disposing of advance rulings…
Finance Minister Nirmala Sitharaman announced in Budget 2024-25 that starting October 1, 2024, quoting Aadhaar Enrolment ID will be discontinued in place of Aadhaar numbers in PAN…
The 2024-25 budget amends the Prohibition of Benami Property Transactions Act, 1988, by introducing a maximum three-month response time for benamidars or beneficial owners to…
The Union Budget 2024-25, presented by Finance Minister Nirmala Sitharaman, emphasizes infrastructure development with an allocation of ₹11.1 lakh crore for capital expenditure,…
The Orissa High Court has mandated the re-evaluation of time-barred GST appeals following a recent government notification. This directive aligns with Notification No. 53/2023,…
The Supreme Court of India has ruled that promotions within the Bihar State Electricity Board BSEB are to be considered effective from the date of grant rather than from the date…
In the 2024-25 Union Budget, Finance Minister Nirmala Sitharaman introduced measures to limit the reopening of old income tax returns. The new rules restrict the tax authorities'…
The Karnataka High Court has remanded a case concerning the segregation of input services between dutiable goods and exempted services for service tax. The court found that the…
The Bombay High Court ruled that the validity of a notice under Section 148 of the Income Tax Act must be assessed based on the legal framework in place on the date of issuance.…
The Bombay High Court has granted leave to appeal in a cheque dishonor case under the Negotiable Instruments Act, considering the justification of the applicant’s absence due to…
Finance Minister Nirmala Sitharaman's bill proposes a restructured customs duty framework to bolster the domestic industry. The legislation aims to enhance local manufacturing by…
The Union Budget for 2024-25 proposes an amendment to Section 171 of the GST Act, shifting the adjudication of anti-profiteering cases from the National Anti-Profiteering…
Section 74A of the Goods and Services Tax GST Act introduces significant changes to the adjudication process by merging Sections 73 and 74. This new section aims to streamline the…
Ola Electric is preparing for its IPO, expected to launch in early 2025. The company plans to offer shares at a lower valuation compared to previous estimates, aiming to raise…
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