The Reserve Bank of India RBI , in an order dated June 11, 2024, has imposed a monetary penalty of ₹50,000/- on The Kancheepuram Central Co-operative Bank Ltd., Tamil Nadu. \r…
12/06/20241 min read
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The Reserve Bank of India RBI , in an order dated June 11, 2024, has imposed a monetary penalty of ₹50,000/- on The Kancheepuram Central Co-operative Bank Ltd., Tamil Nadu. \r…
The Bombay High Court has granted an interim stay on the release of the film “Shaadi ke Director Karan aur Johar" following a plea by Bollywood director Karan Johar. Justice RI…
PNB MetLife has announced a bonus of ₹930 crore for eligible participating policyholders, benefiting approximately 5.82 lakh customers. This reflects a 21% increase from the…
CAMSRep, a leading Insurance Repository Services subsidiary, has launched Bima Central, a groundbreaking platform for simplified insurance portfolio management. \r Aimed at…
HDFC Life Insurance Company rose 3.94% to Rs 594.95 following its endorsement of the Insurance Regulatory and Development Authority of India IRDAI 's progressive reforms in its…
The Insurance Regulatory and Development Authority of India IRDAI has released new regulations on life insurance policy surrender values. Effective by September 30, 2024, these…
The National Company Law Tribunal NCLT will hear Hinduja Group firm IIHL's plea for a deadline extension to complete Reliance Capital's resolution on June 20. IIHL, the successful…
The National Company Law Tribunal NCLT has granted Go First, the grounded air carrier, a fourth 60-day extension to complete its Corporate Insolvency Resolution Process CIRP . The…
The Central Board of Direct Taxes CBDT has exempted the Kerala Co-operative Deposit Guarantee Fund Board under Section 10 46 of the Income Tax Act, 1961. \r As per notification…
The Madras High Court disposed of a writ petition challenging an Income Tax Assessment order that disallowed expenses totaling Rs.136 crores. \r Justice Senthilkumar Ramamoorthy…
The Delhi Bench of ITAT rejected a claim under Section 54F of the Income Tax Act, where the assessee sought exemption for reinvesting proceeds from the sale of agricultural land…
The Bangalore bench of ITAT ruled that interest income from investments in Karnataka District Central Co-operative Bank KDCC Bank by Laxminarayana Suvarna Credit Co-operative…
The Mumbai bench of the Income Tax Appellate Tribunal ITAT ruled in favor of SPN India, allowing depreciation on the goodwill acquired from MSM Singapore through a demerger under…
The Bangalore bench of the Income Tax Appellate Tribunal ITAT ruled that interest income from investments with State Bank of India SBI by Farmers Agriculture Credit Co-operative…
In a recent ruling, the Madras High Court remanded the matter of GSTR 3B and GSTR 1 mismatch, initially calculated at 36% GST for specific items, for reconsideration. Jinvar…
The Madras High Court has remanded a GST matter concerning Input Tax Credit ITC back for fresh adjudication, requiring a 10% pre-deposit. The petitioner discovered the proceedings…
In a recent ruling, the Madras High Court overturned a demand order on a Rs. 2 lakh pre-deposit condition concerning GST issues during the COVID-19 period. Nagoorar Enterprises,…
On June 13, Kotak Mahindra Life Insurance partnered with Mahindra & Mahindra Financial Services to offer life insurance products to Mahindra Finance's customers. This…
The Goods and Services Tax GST Council of India is slated to convene its 53rd meeting on June 22, 2024, in New Delhi, marking the first such gathering since Prime Minister…
The Madras High Court ordered reconsideration of Rana Granites' GST matter under a 10% pre-deposit condition. The petitioner claimed ignorance of GST proceedings until garnishee…
The Karnataka Authority for Advance Rulings AAR determined that EDF Thrusters with Battery Pack for Jet Suits supplied by M/s. Turbotech Precision Engineering Private Limited…
The National Consumer Disputes Redressal Commission, under AVM J. Rajendra, permitted the introduction of additional material documents during the revision stage if deemed…
The Gauhati High Court rejected an Interlocutory Application seeking condonation of a 122-day delay in filing a matrimonial appeal against an ex-parte divorce decree. Justice…
The Chennai Bench of Customs, Excise, and Service Tax Appellate Tribunal CESTAT ruled that redemption fine and penalty can be imposed on re-exporting prohibited goods. M/s. Scania…
The Delhi High Court has upheld that the Manufacture and Other Operations in Warehouse Regulations, 2019 MOOWR do not exclude solar power generation under Section 65 of the…
In a recent ruling, the Madras High Court granted provisional release of 115 units of used Digital Multifunction Printers imported by Salim Enterprises upon payment of enhanced…
The Karnataka High Court quashed a Section 498-A IPC case against a woman's father and mother-in-law, ruling that the complaint lacked specific allegations against them. Justice M…
The Madhya Pradesh High Court upheld the detention of an alleged habitual offender despite acquittals, citing his involvement in 16 criminal cases, including serious offenses…
The Central Consumer Protection Authority CCPA fined Edu Tap Learning Solutions ₹3 lakh for publishing misleading advertisements claiming 144 selections in the 2023 RBI Grade B…
A Bengaluru Consumer Court ordered Flipkart to refund ₹13,799 to 80-year-old Purnachandra Thoudam for delivering a different product as a replacement for his original order.…
Japan has passed an antitrust law requiring Apple to allow third-party app stores on iPhones. According to 9To5Google, Japan’s parliament enacted the law on June 12, preventing…
State Bank of India Chairman Dinesh Kumar Khara highlighted a surge in corporate credit demand, noting a pipeline of loans worth Rs 5 lakh crore. Corporates, previously reliant on…
Sumeet Kariwala of Morgan Stanley views the Indian banking sector as entering a strong upcycle, with normalized credit costs, steady loan growth, and healthy earnings. He favors…
In April 2024, Indian firms, including non-banking financial companies, filed proposals with the RBI to raise $4.28 billion through External Commercial Borrowings ECBs . Of this,…
In a recent ruling, the Madras High Court remanded the matter of GSTR 3B and GSTR 1 mismatch, initially calculated at 36% GST for specific items, for reconsideration. Jinvar…
The Madras High Court disposed of a writ petition challenging an Income Tax Assessment order that disallowed expenses totaling Rs.136 crores. \r Justice Senthilkumar Ramamoorthy…
The Delhi Bench of ITAT rejected a claim under Section 54F of the Income Tax Act, where the assessee sought exemption for reinvesting proceeds from the sale of agricultural land…
The Bangalore bench of ITAT ruled that interest income from investments in Karnataka District Central Co-operative Bank KDCC Bank by Laxminarayana Suvarna Credit Co-operative…
The Mumbai bench of the Income Tax Appellate Tribunal ITAT ruled in favor of SPN India, allowing depreciation on the goodwill acquired from MSM Singapore through a demerger under…
The Bangalore bench of the Income Tax Appellate Tribunal ITAT ruled that interest income from investments with State Bank of India SBI by Farmers Agriculture Credit Co-operative…
The Madras High Court has remanded a GST matter concerning Input Tax Credit ITC back for fresh adjudication, requiring a 10% pre-deposit. The petitioner discovered the proceedings…
In April 2024, Indian firms, including non-banking financial companies, filed proposals with the RBI to raise $4.28 billion through External Commercial Borrowings ECBs . Of this,…
Sumeet Kariwala of Morgan Stanley views the Indian banking sector as entering a strong upcycle, with normalized credit costs, steady loan growth, and healthy earnings. He favors…
State Bank of India Chairman Dinesh Kumar Khara highlighted a surge in corporate credit demand, noting a pipeline of loans worth Rs 5 lakh crore. Corporates, previously reliant on…
Japan has passed an antitrust law requiring Apple to allow third-party app stores on iPhones. According to 9To5Google, Japan’s parliament enacted the law on June 12, preventing…
A Bengaluru Consumer Court ordered Flipkart to refund ₹13,799 to 80-year-old Purnachandra Thoudam for delivering a different product as a replacement for his original order.…
The Central Consumer Protection Authority CCPA fined Edu Tap Learning Solutions ₹3 lakh for publishing misleading advertisements claiming 144 selections in the 2023 RBI Grade B…
The Madhya Pradesh High Court upheld the detention of an alleged habitual offender despite acquittals, citing his involvement in 16 criminal cases, including serious offenses…
In a recent ruling, the Madras High Court granted provisional release of 115 units of used Digital Multifunction Printers imported by Salim Enterprises upon payment of enhanced…
The Delhi High Court has upheld that the Manufacture and Other Operations in Warehouse Regulations, 2019 MOOWR do not exclude solar power generation under Section 65 of the…
The Reserve Bank of India RBI , in an order dated June 11, 2024, has imposed a monetary penalty of ₹50,000/- on The Kancheepuram Central Co-operative Bank Ltd., Tamil Nadu. \r…
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