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The Mumbai bench of the Customs Excise and Service Tax Appellate Tribunal CESTAT ruled that intellectual property, specifically copyrights, is intangible and does not fall under…
The ITAT ruled in favor of Herbalife International India, stating that payments made by an Indian entity to its associated enterprise AE abroad are not considered Fees for…
In a recent ruling, the Karnataka High Court criticized the state government for its inadequate implementation of the Prohibition of Employment as Manual Scavengers Act. The court…
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…
Zerodha co-founder Nithin Kamath announced on social media that the brokerage may need to reconsider its zero brokerage model or increase F&O futures and options fees following a…
The Bombay High Court denied bail to a person accused in a drunken driving case, citing the seriousness of the offense and public safety concerns. The accused was allegedly found…
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…
The Centre is developing new accounting standards for the banking and insurance sectors, Corporate Affairs Secretary Manoj Govil announced on Monday at the Institute of Chartered…
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…
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…
Commercial banks raised Rs 1.45 trillion through certificates of deposit CDs in June, 76% higher than the previous month, to strengthen their balance sheets. In Q1 2024-25, Rs 2.6…
The financial and asset quality of Urban Cooperative Banks UCBs improved, with gross NPAs dropping to 8.8% in March 2024 from 10.9% in September 2023, and net NPAs falling to…
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…
The convenorship of the Group of Ministers GoM on GST rate rationalisation may shift from Bihar Deputy Chief Minister Samrat Chaudhary to Goa Chief Minister Pramod Sawant, who…
The Customs Excise and Service Tax Appellate Tribunal CESTAT in Mumbai ruled that Small Form-Factor Pluggable SFP optical transceivers of various models should be classified under…
The Delhi Bench of the Income Tax Appellate Tribunal ITAT ruled that cooperative banks are considered cooperative societies engaged in banking business, making them eligible for…
The Customs, Excise and Service Tax Appellate Tribunal CESTAT ruled that the extended period of limitation cannot be applied to demand Integrated Goods and Services Tax IGST on…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT in Kolkata ruled that a taxpayer must pay 7.5% interest on the deposited service tax demand. Despite the taxpayer…
Enviro Infra Engineers, specializing in sewage treatment plants and sewerage systems, has filed draft papers with Sebi for an initial public offering IPO . The IPO includes a…
The Delhi State Commission ruled in Assotech Moonshine that a developer's claim of force majeure for project delays must be substantiated with evidence. The commission emphasized…
Zomato, a leading food delivery and quick commerce company, has received a ₹9.5 crore tax demand notice from the Karnataka commercial tax authority, including interest and…
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…
The Mumbai bench of the Customs Excise and Service Tax Appellate Tribunal CESTAT ruled that intellectual property, specifically copyrights, is intangible and does not fall under…
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