CAMSRep, a leading Insurance Repository Services subsidiary, has launched Bima Central, a groundbreaking platform for simplified insurance portfolio management. \r Aimed at…
12/06/20241 min read
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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…
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,…
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 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…
In New Delhi, Textiles Secretary Rachna Shah chaired the 7th meeting of the Empowered Programme Committee EPC for the National Technical Textiles Mission NTTM , announcing the…
The Securities and Exchange Board of India Sebi has scheduled an auction for 19 properties of KBCL India Ltd on July 16 to recover funds collected unlawfully from investors. \r…
The Securities and Exchange Board of India Sebi has barred SecUR Credentials and its managing director Rahul Belwalkar from the securities market for alleged violations. Initially…
Pranav Haldea, MD of Prime Database, highlighted the impact of elections on India's IPO market in a conversation with CNBC-TV18. He noted that historically, election years witness…
The Rajasthan Real Estate Regulatory Authority has mandated builders and promoters to adhere to new directives following decisions made during its 18th meeting on June 7th. \r…
The Karnataka Real Estate Regulatory Authority, led by Neelmani N Raju Member , mandated the builder to reimburse a homebuyer for a flat due to failure in delivering possession as…
The Reserve Bank of India RBI , through an order dated June 11, 2024, has imposed a monetary penalty of ₹75,000/- on Ramanagaram Urban Co-operative Bank Limited, Karnataka. This…
The Reserve Bank of India RBI has imposed a monetary penalty of ₹2.00 lakh on Nandani Sahakari Bank Ltd., Kolhapur, through an order dated June 07, 2024. This penalty was levied…
The Reserve Bank of India RBI , through an order dated May 28, 2024, has imposed a monetary penalty of ₹1.00 lakh on Gujarat Ambuja Co-operative Bank Ltd., Ahmedabad. \r This…
Rahul Jain, Co-Head of Asia Financials and Head of India Research at Goldman Sachs, highlighted that private banks have made significant gains in market share despite a strong…
CredAble, a startup specializing in working capital financing, has secured Rs 30 crore in debt funding from the Small Industries Development Bank of India SIDBI . This capital…
Tally Solutions, a technology company, has launched the StartsWithOne campaign to spotlight stories from India’s burgeoning Micro, Small, and Medium Enterprises MSMEs . \r The…
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 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 Madhya Pradesh High Court upheld the detention of an alleged habitual offender despite acquittals, citing his involvement in 16 criminal cases, including serious offenses…
Ambuja Cements, a subsidiary of the Adani Group, announced on Thursday the acquisition of Penna Cement Industries Ltd PCIL for ₹10,422 crore. This strategic acquisition,…
The Delhi bench of the Income Tax Appellate Tribunal ITAT overturned the penalty imposed under Section 271 1 b of the Income Tax Act for non-compliance with a notice under Section…
Bartronics India Ltd renewed its contract with Aryavart Bank for another year to provide business correspondent services and promote financial inclusion in rural areas. This…
The Delhi High Court directed the Customs, Excise, and Service Tax Appellate Tribunal CESTAT to adjudicate customs appeals on their merits, overturning prior remand orders. …
The Gauhati High Court directed the appellate authority under Section 33 6 of the Assam General Sales Tax Act, 1993, to decide on the petitioner’s appeal for waiving the 25%…
The Madhya Pradesh High Court dismissed the Income Tax Department's appeal regarding the deletion of an addition linked to alleged long-term capital gains LTCG from a purported…
The Madras High Court overturned a GST assessment order due to a 10% pre-deposit requirement. The petitioner, Quantum Associates, claimed ignorance of the proceedings as notices…
Women, balancing caregiving and financial responsibilities, often overlook self-care, including securing insurance. In rural India, only 1% of women are insured, highlighting the…
CAMSRep, a leading Insurance Repository Services subsidiary, has launched Bima Central, a groundbreaking platform for simplified insurance portfolio management. \r Aimed at…
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