The Customs, Excise and Service Tax Appellate Tribunal CESTAT has remanded a case of reassessment back to the original authority due to the absence of a speaking order under…
01/07/20241 min read
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The Customs, Excise and Service Tax Appellate Tribunal CESTAT has remanded a case of reassessment back to the original authority due to the absence of a speaking order under…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT Chandigarh bench ruled that appeals against orders demanding customs duty below the threshold limit set by the…
Global brokerage firm Morgan Stanley forecasts significant growth for Reliance Industries RIL , led by Mukesh Ambani, predicting a potential market capitalisation increase of…
Early-stage investor NuVentures has backed US-based AI startup Pivot Robots, founded by Carnegie Mellon graduates Siddharth Girdhar and Vignesh Rajmohan. Pivot Robots uses AI…
Let'sDressUp LDU , a fashion-tech startup, raised approximately ₹11 crore in its Pre-Series A funding round with participation from GVFL Limited, Indian Angel Network IAN , The…
On Monday, the Securities and Exchange Board of India SEBI proposed new, lighter regulations for 'passive-only' mutual fund MF houses, known as the MF Lite framework. This…
Starting October 1, 2024, Market Infrastructure Institutions MIIs will be required to redesign their charge structures to ensure transparency and fairness, as per a new SEBI…
Brainbees Solutions Ltd, the parent company of FirstCry, has received Sebi’s approval to proceed with its IPO, which includes a fresh issue of equity shares worth up to ₹1,816…
The Reserve Bank of India RBI appointed Shri Arnab Kumar Chowdhury as Executive Director ED effective June 3, 2024. Previously Chief General Manager-in-Charge in the Department of…
The Reserve Bank of India RBI has imposed a ₹1 lakh penalty on The Bank Employees’ Co-operative Bank Ltd., West Bengal, for non-compliance with 'Know Your Customer KYC '…
The Reserve Bank of India RBI imposed a ₹2 lakh penalty on The National Co-operative Bank Ltd., Mumbai, for non-compliance with 'Know Your Customer KYC ' directions. Following a…
The Reserve Bank of India RBI imposed a ₹1.50 lakh penalty on The Rohika Central Co-operative Bank Limited, Madhubani, Bihar, for non-compliance with RBI's 'Know Your Customer KYC…
The Reserve Bank of India RBI has imposed a ₹7.50 lakh penalty on The Gujarat Rajya Karmachari Co-operative Bank Ltd. for non-compliance with RBI directions on financial…
The Reserve Bank of India RBI has appointed Smt. Charulatha S Kar as Executive Director ED effective July 01, 2024. With over three decades of experience in various departments,…
State Bank of India SBI has launched a web-based digital business loan solution for MSMEs called "MSME Sahaj - End to End Digital Invoice Financing." This new platform streamlines…
Bengaluru-based HealthCare Global Enterprises has enhanced its cancer care dominance by acquiring a 51% stake in Vizag’s Mahatma Gandhi Cancer Hospital for ₹208 crore, with plans…
Patanjali Foods Limited announced the acquisition of Patanjali Ayurved Limited’s non-food business for Rs 1,100 crore, effective July 1, 2024. The deal includes all assets,…
On Monday, stock exchanges BSE and NSE sought clarification from UCO Bank regarding a report claiming a merger of UCO Bank with Bank of Maharashtra, Central Bank, and Punjab &…
The National Human Rights Commission NHRC has issued notices to the Union Labour Ministry and Tamil Nadu's Chief Secretary in response to media reports alleging that Foxconn…
Mustafa Suleyman, Microsoft’s AI head, believes that using publicly available content from the internet to train AI models is a long-standing practice of fair use. In a CNBC…
ICICI Prudential Life Insurance Company Ltd is trading at ₹619.95, up 2.35% on the day as of 12:49 IST on the NSE. Over the past year, the stock has risen 7.42%, underperforming…
Future Generali India Insurance aims for specially-abled persons PwD to make up nearly 1% of its workforce of around 4,000 employees by December 2024. Currently, PwD represent…
In the first half of 2024, mergers and acquisitions M&A deal value declined by 9% to $38 billion, compared to $41.74 billion in the same period of 2023, marking the lowest level…
Niva Bupa Health Insurance Company Ltd., formerly Max Bupa, has filed with Sebi to raise ₹3,000 crore through an Initial Public Offering IPO . The IPO comprises a fresh issuance…
Narayana Health Insurance Ltd. NHIL , a new venture by Bengaluru-based hospital chain Narayana Health, has launched its first insurance product, ‘Aditi’, offering Rs 1 crore…
Amazon-backed Trade Receivables electronic Discounting System TReDS platform M1xchange will soon onboard Tata AIG Insurance and SBI General Life Insurance for invoice discounting,…
Kapil Wadhawan, former promoter of Dewan Housing Finance Corporation Ltd DHFL , has challenged personal insolvency proceedings initiated by Union Bank of India for a ₹3,958-crore…
The Kolkata ITAT ruled that delayed deposit of employees’ PF contributions renders the deduction under Section 36 1 va of the Income Tax Act ineligible. Section 36 1 va requires…
The Finance Ministry is considering increasing the standard deduction limit under the new tax regime, as reported by CNBC Awaaz. This potential change could be part of Finance…
NEW DELHI: Coca-Cola India and the National Skill Development Corporation NSDC have launched the Super Power Retailer Program in Odisha, empowering over 14,000 retailers in just…
Under the Foreign Exchange Management Act FEMA , 1999, a resident Indian must repatriate any funds received from abroad, including gifts, to India within 180 days. While gifts…
The Reserve Bank of India RBI has joined Project Nexus, a multilateral initiative to enable instant cross-border retail payments by connecting domestic Fast Payment Systems FPSs .…
On July 1, 2024, the Sawantwadi police in Maharashtra registered the first FIR under the new Bharatiya Nyaya Sanhita BNS , marking the start of its implementation. Deputy Chief…
On July 1, 2024, India implemented three new criminal laws: the Bharatiya Nyaya Sanhita BNS , Bharatiya Nagarik Suraksha Sanhita BNSS , and Bharatiya Sakshya Adhiniyam BSA . The…
On July 1, 2024, three new criminal laws—the Bharatiya Nyaya Sanhita BNS , Bharatiya Nagarika Suraksha Sanhita BNSS , and Bharatiya Sakshya Adhiniyam BSA —replaced the Indian…
A study by CUTS CIRC on the draft digital competition Bill DCB suggests that unbundling requirements may harm user experience on digital platforms by requiring services currently…
ESAF Small Finance Bank absorbed approximately 5,200 employees from ESAF Swasraya Multi-State Agro Co-operative Society Ltd ESMACO as part of a strategic restructuring to directly…
HDFC Bank will upgrade its core banking system CBS on July 13 to improve performance, capacity, and reliability. This 13.5-hour migration, scheduled on a bank holiday, aims to…
The Pune city police will appeal to the Supreme Court against a Bombay High Court order releasing a minor boy accused in a fatal Porsche car accident from an observation home. The…
Goa Chief Minister Pramod Sawant praised GST for accelerating economic formalisation and enhancing ease of doing business during a GCCI event on Monday. He highlighted that GST…
In June 2024, India’s gross GST collection reached ₹1.74 trillion, marking a 7.7% year-on-year growth, according to Business Standard. This growth rate is lower than the 12.4% and…
As the income tax filing deadline for FY 2023-24 approaches on July 31st, taxpayers must be aware of its significance. Missing this deadline means you will automatically fall…
The Kerala High Court launched the "Kerala High Court Daily Judgments" KHJ-Daily platform on July 27, 2024, to provide certified reported judgments daily through WhatsApp. The…
The Udupi District Consumer Disputes Redressal Commission held Myntra and Titan liable for delivering a different watch instead of the ordered Tommy Hilfiger watch and failing to…
The Hisar District Consumer Disputes Redressal Commission held New India Assurance Co. liable for wrongful repudiation of a genuine insurance claim under the Pandit Deen Dayal…
The District Consumer Disputes Redressal Commission in Ambala held Air India liable for failing to refund the full amount for flights canceled due to COVID-19. The complainants…
The Maharashtra Real Estate Regulatory Authority MahaRERA has directed Marvel Realtors & Developers to apply for an extension to complete the Marvel Aquanas project and hand over…
In a significant ruling, the Madras High Court directed that those responsible for the 2018 Sterlite firing in Thoothukudi, Tamil Nadu, should be prosecuted for murder under…
The Karnataka High Court has granted bail to Advocate G. Devaraje Gowda in a case involving charges of rape and molestation. The court considered various factors, including the…
The Madras High Court has taken suo motu cognizance of the Kallakurichi hooch tragedy, where several deaths occurred due to consumption of illicit liquor. The court initiated…
The Customs, Excise and Service Tax Appellate Tribunal CESTAT has remanded a case of reassessment back to the original authority due to the absence of a speaking order under…
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