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Aagama Ventures has floated a ₹400 crore fund aimed at backing fintech start-ups, marking a significant addition to India’s venture capital landscape. The fund targets early-stage…
Goldman Sachs has offloaded Eternal’s shares valued at ₹266 crore through bulk deals, signaling a significant movement in institutional shareholding. The sale reflects the global…
The Supreme Court issued notice to the Central government on a petition filed by the wife of climate activist Sonam Wangchuk challenging his detention. The plea alleges that the…
Fintech startup Niro, despite raising $20 million, unexpectedly terminated operations. The closure underscores challenges faced by fintechs: regulatory complexity, monetization…
The Allahabad High Court dismissed a public-interest litigation that sought creation of a distinct statutory framework to protect men from alleged harassment by women. The Court…
Secondary exits have become prominent in Q3 2025, marking a shift in India’s startup funding landscape. Early investors are increasingly offloading stakes to new players, private…
DevX, a co-working space operator, reported a modest profit of ₹14 lakh in Q1, with revenue jumping to ₹56 crore, nearly doubling year-on-year. The growth is attributed to strong…
Zoho announced the launch of its Soundbox POS device aimed at small merchants, integrating payment, notifications, and business analytics. The move helps Zoho expand its fintech…
The Supreme Court refused to entertain a plea by Tamil Nadu politician V. Senthil Balaji challenging an earlier order that compelled him to resign from ministerial office amid…
The Rajasthan High Court directed members of the Jaipur royal family to remove feudal honorifics such as “Maharaj” or “Princess” from the cause title of ongoing proceedings. The…
This report covers the high-profile incident where a lawyer allegedly assaulted Chief Justice of India CJI D.Y. B.R. Gavai as reported and was subsequently released by Delhi…
Lucio, a legal tech startup using AI, raised $5 million to expand its offerings in contract review, compliance automation, and legal research. The article describes how Lucio aims…
Healthtech startup August AI raised $3 million from Accel and Claypond to scale its AI-driven health companion platform. The company aims to improve predictive diagnostics,…
Headnote The Delhi High Court modified a Single Judge’s order concerning the inspection of premises for alleged design infringement. The Court appointed a local Commissioner to…
Headnote: In the case of Nazim & Ors. v. State of Uttarakhand, the Supreme Court of India overturned the convictions of three appellants—Nazim, Aftab, and Arman Ali—who were…
Headnote: The Supreme Court of India, Criminal Appellate Jurisdiction, allowed Criminal Appeals Nos. 476-477 of 2013 filed by Rajendra Singh and others, challenging the High Court…
The Himachal Pradesh High Court held that insurers cannot deny legitimate claims by relying on undisclosed or hidden policy clauses that were not brought to the insured’s notice…
The Madhya Pradesh High Court has taken suo moto/plea cognisance issued notice in a petition by NEET-UG aspirants seeking refund of large admission fees reported ₹10 lakh each…
The Supreme Court directed High Courts to exercise caution while deciding matters on points not pleaded by parties, urging that courts should either grant or refuse relief rather…
Headnote: The High Court of Kerala at Ernakulam granted bail to Nikhil, the second accused in Crime No.46/2025, registered by the Excise Enforcement & Anti Narcotic Special Squad,…
Headnote: The High Court of Kerala at Ernakulam dismissed Review Petition No.1233 of 2025 filed by M. Krishnadas challenging the judgment in W.A. No.1541 of 2025. The review…
Headnote: The Directorate of Enforcement ED , Bhopal, carried out coordinated searches on 03.10.2025 across seven locations in Bhopal, Vidisha, Katni, and Chhatarpur under the…
Headnote: Sankalp Foundation, Kota, challenged the rejection of its application for approval under Section 80G 5 iii of the Income Tax Act by the CIT E , Jaipur. The CIT E had…
Headnote: The Directorate of Enforcement ED , Delhi Zonal Office, successfully restituted immovable property valued at Rs 1.34 crore to IDBI Bank, the rightful claimant, in…
The Supreme Court struck down a Chhattisgarh tender condition which required bidders to show prior supply experience to state government agencies within the State ₹6 crore in past…
Headnote: The legal heirs of Late Jagdish challenged the penalty of Rs. 81,842/- levied under Section 271 1 c of the Income Tax Act, 1961, by the Assessing Officer AO and partly…
Headnote: The Supreme Court allowed the appeal of a life convict seeking premature release, holding that his case fell under Category 3 b of the Maharashtra Government’s 2010…
Headnote: The Supreme Court dismissed an appeal against development works at Futala Lake, Nagpur, ruling that it is a man-made lake and not a "wetland" under the Wetlands…
Paper traders urged the government to introduce a uniform 5% GST rate, citing rising costs and the
Navratri 2025 witnessed record sales, with festive demand reaching a 10-year high, largely attributed to recent GST rate cuts. Retailers across sectors, from apparel to…
V-Mart Retail announced an affordable ₹1000 apparel line following GST rate cuts, banking on increased consumer demand during the festive season. The strategy reflects how…
Finance Minister Nirmala Sitharaman launched a nationwide financial awareness campaign to reunite citizens with unclaimed deposits worth ₹75,000 crore lying idle in banks and…
The Income Tax Department released updated utilities for ITR-5 and ITR-6 for AY 2025-26, aiming to streamline tax filing processes for firms, LLPs, and companies. The updated…
Authorities arrested a Chartered Accountant and an advocate for orchestrating a ₹1 crore GST evasion racket using eight bogus firms. The duo allegedly generated fake invoices and…
The ITAT ruled that charitable trusts’ expenditure on events like Annadaanam and Pongala should not automatically qualify as religious expenditure since such gatherings have…
The National Financial Reporting Authority NFRA released a guidance series focused on auditor-audit committee interactions, particularly concerning accounting estimates,…
The Delhi government notified GST rate changes on services, implementing recent GST Council decisions. The modifications reflect policy adjustments aimed at harmonizing…
This article revisits the iconic tax raid of the 1980s in Uttar Pradesh that later inspired the Bollywood film “Raid.” Conducted by Indian tax authorities, the raid was one of the…
The ITAT dismissed an appeal against penalty after the assessee opted to settle the dispute under the Vivad Se Vishwas scheme. Since the assessee availed statutory dispute…
The ITAT remanded a case involving ₹281 crore addition on account of Long-Term Capital Gains LTCG , granting the assessee another opportunity to substantiate claims. The AO had…
Following recent GST Council decisions that reduced GST rates on health insurance premiums, insurers clarified they would levy 18% GST on commissions paid to agents. The…
The CESTAT set aside confiscation of 260 kg silver granules and a vehicle, ruling that silver was not a “notified good” under the Customs Act. The Tribunal held that the burden of…
The Delhi High Court dismissed a Customs Department plea seeking enhancement of penalty against a freight forwarder implicated in the illegal export of red sandalwood. The Court…
The ITAT remanded a case involving ₹22.01 lakh cash deposits from the sale of agricultural land. The Assessing Officer had treated the deposits as unexplained income by ignoring…
The Reserve Bank of India RBI allowed banks holding special rupee vostro accounts to invest surplus balances in corporate debt instruments. This move is intended to deepen India’s…
The CESTAT ruled that the process of cropping grey fabrics does not amount to “manufacture” under excise law, thereby negating liability to excise duty. The Tribunal emphasized…
The ITAT deleted a massive ₹206 crore disallowance made in the income tax assessment of a real estate developer. The Assessing Officer AO had invoked Section 154 for…
A senior member of the Institute of Chartered Accountants of India ICAI described corruption not as a peripheral problem but as India’s largest “business,” with a structured…
The NCLAT dismissed a petition filed by non-members of the Madras Race Club seeking waiver under the Companies Act to file an oppression and mismanagement case. The Tribunal held…
The ITAT granted relief to a widow where an assessment order was passed in the name of her deceased husband. The Tribunal held that such a defect could be rectified and directed…
Aagama Ventures has floated a ₹400 crore fund aimed at backing fintech start-ups, marking a significant addition to India’s venture capital landscape. The fund targets early-stage…
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