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In a recent order, Justice Manish Pitale of the Bombay High Court referred to a larger Bench the question of whether Section 263 of the Indian Succession Act and its illustrations…
In response to reduced volumes in currency derivatives following new RBI regulations, at least three Mumbai-based brokerages have instructed their currency derivatives dealers to…
Neeraj Arora, former Chief Business Officer of WhatsApp and pivotal in negotiating its merger with Facebook, has resigned as Non-Executive Independent Director from the board of…
Lakshmikumaran and Sridharan represented Regal Rexnord Corporation in the Indian segment of a global acquisition where WEG S.A. acquired the industrial electric motors and…
AAP leader Manish Sisodia's plea for interim bail in excise cases, allowing him to campaign in general elections, has prompted the Delhi court to issue notices to the ED and CBI.…
The Madras High Court recently ruled that a live-in relationship cannot be considered legitimate if one partner is already married. In a June 7 order, Justice RMT Teekaa Raman…
Sanjiv Puri, president of CII, anticipates income tax relief for taxpayers in the lowest slab in the upcoming Budget due to rising inflation in India. Currently, individuals under…
The Madras High Court has intervened in a GST case involving M/s. Vaduvambikai Enterprises, remanding an order for reassessment due to the absence of a mandatory personal hearing…
The Jharkhand High Court has ruled against compelling individuals summoned under the GST Act to give statements after office hours. Citing similarities with provisions in the…
The Kerala State GST department uncovered tax evasion amounting to ₹2 crore by Ayurvedic spas in Idukki district, following inspections in Kumily, Munnar, and Anachal. Led by…
The upcoming 53rd GST Council meeting on June 22, 2024, in New Delhi has a full agenda, including discussions on an amnesty scheme for pending GST disputes, clarifications on…
The Madras High Court has nullified assessment orders issued under Section 63 of the GST Act, 2017, remanding the matters for reconsideration. Annalakshmi Stores challenged tax…
The Goods and Services Tax GST Council is set to convene on June 22 to discuss key reforms in the indirect tax system ahead of the Union Budget. \r Sources suggest the council may…
Ahead of its IPO, Hyundai has joined Tata Motors and Mahindra in objecting to duty relaxations for hybrid vehicles, arguing it could harm petrol and diesel vehicle sales. \r…
The Tamil Nadu Food Grains Merchants Association has urged Union Finance Minister Nirmala Sitharaman to address grievances related to Goods and Services Tax GST . \r President S.…
The High Court of Kerala directed swift consideration of delay condonation and a stay petition in an income tax appeal, effectively suspending recovery proceedings. The petitioner…
The Kerala High Court recently dismissed a writ petition challenging an assessment order and demand notice issued to Lakeshore Hospital And Research Centre Limited for the…
The Kerala High Court has ruled that employees cannot claim income tax exemption on earned leave salary in the absence of a government notification setting the income limit. The…
The Indian government is reportedly contemplating a reduction in certain personal income tax rates, aiming to enhance disposable income for individuals, particularly those in…
Net direct tax collection for the current fiscal has surged by 21 percent to exceed Rs 4.62 lakh crore, largely driven by substantial advance tax payments from corporates. \r The…
Fisker Group Inc, a US electric vehicle EV maker, has filed for Chapter 11 bankruptcy in Delaware following failed deal talks with a major automaker amid financial strain from…
The State Consumer Disputes Redressal Commission, Punjab, led by Justice Daya Chaudhary and Simarjot Kaur, held Star Health and Allied Insurance Company accountable for wrongfully…
The National Consumer Disputes Redressal Commission, under Dr. Inder Jit Singh's presidency, ruled that an insurer cannot enforce a pension plan on an insured if not opted for at…
The Bombay High Court has granted a temporary injunction against Astral Adhesives, preventing them from using containers resembling those used by Pidilite Industries' solvent…
The Ministry of Labour & Employment plans to conduct training workshops for state government labour officials to familiarize them with the new labour codes, aiming to address gaps…
Ananta Capital acquired a 55% majority stake in Anveya Living, an enterprise specializing in skincare and haircare solutions, which includes D2C brands like Anveya and Curlvana.…
The Supreme Court adjourned the bail plea hearing of Aam Aadmi Party MLA Jaswant Singh Gajjan Majra, who faces charges in a money laundering case investigated by the Enforcement…
The government is undertaking a comprehensive review of the Micro, Small and Medium Enterprises Development Act, 2006, aimed at updating its provisions to align with current…
Shivalik Small Finance Bank announced securing Rs 100 crore in equity funding led by Lightspeed and Sorin Investments, with participation from existing investors Accel and Quona.…
UGRO Capital Limited, an MSME-focused NBFC, raised Rs 1,265 crore through compulsory convertible debentures and warrants. Samena Capital invested Rs 500 crore, with Aregence and…
The Reserve Bank of India RBI announced the completion of the test phase for the fourth cohort of its Regulatory Sandbox focused on 'Prevention and Mitigation of Financial…
The Fourth Cohort of the Regulatory Sandbox focused on 'Prevention and Mitigation of Financial Frauds' recently concluded its testing phase with six entities launching innovative…
The Securities and Exchange Board of India Sebi is fully aware of the situation and will take necessary action if required, Das stated, confirming discussions between the two…
Reserve Bank of India Governor Shaktikanta Das emphasized strong economic momentum, noting robust growth projections for India. Speaking at the ET Now Leadership Dialogues, Das…
Deputy Governor Michael Patra of the Reserve Bank of India RBI highlighted the institution's exploration of strategies for green deposits and climate-risk-based differential…
The District Consumer Disputes Redressal Commission-VI, New Delhi, chaired by Ms. Poonam Chaudhry and Shri Shekhar Chandra, held Ansal Landmark Townships liable for negligence and…
The Haryana Real Estate Regulatory Authority, presided by Sanjeev Kumar Arora, directed the builder of Landmark Cyber Park, Gurgaon, to refund Rs. 46,00,000 to the complainant for…
The Punjab Real Estate Regulatory Authority, under the stewardship of Malwinder Singh Jaggi, mandated that a builder compensate homebuyers for delayed possession of flats in "THE…
The Railway Ministry, responding to an RTI query in March, disclosed that out of 10 lakh sanctioned safety category posts in the Indian Railways, more than 1.5 lakh positions…
The Securities and Exchange Board of India Sebi imposed penalties totaling Rs 35 lakh on Hexa Tradex Ltd, its promoters, and directors for breaching delisting norms and disclosure…
The Securities and Exchange Board of India Sebi has imposed fines on Hexa Tradex, its independent directors, and the acquirers involved in a controversial delisting proposal. \r…
A delegation of Opposition leaders, led by TMC MPs, met senior officials of the Securities and Exchange Board of India Sebi in Mumbai to demand an investigation into alleged stock…
Proptech startup Landeed announced a strategic funding round led by Paradigm Shift VC, though the amount remains undisclosed. The funds will fuel product line expansion and…
At the inaugural SusCrunch 2024 event, hosted by SusMafia in collaboration with PIEDS, BioCompute, a pioneering DNA-based data storage startup, received India's largest non-equity…
On Tuesday, June 18, shares of Som Distilleries and Breweries plummeted 16 percent after the National Commission for Protection of Child Rights NCPCR discovered over 50 children…
As Prime Minister Narendra Modi unveils his Cabinet for an unprecedented third term, all eyes are on Nirmala Sitharaman, reinstated as the Finance Minister, who will present the…
Cricketer Virat Kohli has reclaimed the top spot in brand value at $227.9 million, surpassing Ranveer Singh who holds the second position with $203.1 million, according to Kroll’s…
Le Travenues Technology Ltd, the operator of ixigo, saw its shares surge by over 78% against the issue price of Rs 93. Starting strong, the stock debuted at Rs 135 on the BSE,…
The Calcutta High Court has directed the West Bengal government to implement a 1% reservation for transgender persons in State public employment, citing the Supreme Court's 2014…
The Himachal Pradesh High Court recently ruled that a Constitutional Court cannot impose a timeframe on the Speaker of the State legislative assembly to decide on the resignations…
In a recent order, Justice Manish Pitale of the Bombay High Court referred to a larger Bench the question of whether Section 263 of the Indian Succession Act and its illustrations…
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