Economists anticipate the RBI-led Monetary Policy Committee to uphold or raise interest rates in the forthcoming monetary policy until clarity emerges regarding food inflation…
11/06/20241 min read
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Economists anticipate the RBI-led Monetary Policy Committee to uphold or raise interest rates in the forthcoming monetary policy until clarity emerges regarding food inflation…
The Reserve Bank of India RBI imposed business restrictions on The Karwar Urban Co-operative Bank and The Amanath Co-operative Bank on June 12, citing material supervisory…
As Dr. Mansukh Mandaviya assumes office as Union Minister of Labour and Employment, experts urge the ministry to address skill shortages across sectors like IT, EVs, and fintech.…
The National Company Law Tribunal NCLT in Chandigarh approved the amalgamation of AIX Connect Pvt Ltd., owner of Air Asia Airlines, with Air India Express Ltd. The tribunal, led…
LTIMindtree, in collaboration with SNP, has launched the 'MELD' platform to accelerate and streamline mergers, acquisitions, and divestitures. MELD ensures fast, cost-effective…
The National Testing Agency NTA plans to transfer all NEET UG 2024-related matters to the Supreme Court to avoid conflicting views across High Courts, Solicitor General Tushar…
The Directorate of Enforcement ED is probing 'Parava Films', the producers of 'Manjummel Boys', for alleged black money transactions. Notices were issued to producers Soubin…
The newly appointed Union Minister for Electronics and Information Technology, Ashwini Vaishnaw, along with Minister of State Jitin Prasada, face the task of steering regulations…
The Reserve Bank of India RBI has issued directives to The Amanath Urban Co-operative Bank Ltd., Bangalore, under the Banking Regulation Act, 1949. Effective June 12, 2024, the…
The Reserve Bank of India RBI has issued directives to The Karwar Urban Co-operative Bank Ltd., Karwar, under the Banking Regulation Act, 1949. Effective June 12, 2024, the bank…
The Reserve Bank of India has extended the Directions placed on Sawantwadi Urban Co-operative Bank Ltd. till September 14, 2024, from June 14, 2024. This extension follows the…
Several companies with complex holding structures for overseas subsidiaries are under RBI scrutiny for non-compliance with the two-layer overseas investment rule. The RBI has…
The Karnataka State IT/ITeS Employees Union KITU opposed the state government’s June 10 decision to extend the IT/ITeS sector’s exemption from the Industrial Employment Standing…
The Indian Premier League IPL reached a valuation of $16.4 billion after its 17th season, up 6.5% from $15.4 billion last year, per a report by Houlihan Lokey. The brand value…
The Punjab and Haryana High Court declared auction proceedings, based on a quashed ex-parte ITAT order by the tax recovery officer, void ab initio. M/s Gokal Chand Rattan Chand,…
The Madhya Pradesh High Court has questioned the Income Tax Appellate Tribunal ITAT for relying on an investigation report without complying with ITAT Rule 29. A notice has been…
The Mumbai bench of the Income Tax Appellate Tribunal ITAT upheld an Income tax addition of Rs. 1.45 crore as short-term capital gain from the taxpayer’s sale of non-agricultural…
The International Road Federation urged the GST Council and Ministry of Finance to reduce helmet tax from 18% to nil to promote safety gear usage. Citing a Bosch Report, it…
The Indian automobile industry, represented by SIAM, urges the government to slash GST rates on CNG and flex-fuel powered two-wheelers from 28% to 18%. They propose a further…
The Madras High Court nullified a Goods and Services Tax GST order due to the department's oversight of GST payments with interest. Despite the petitioner, Amici Design Private…
The Tamil Nadu Authority for Advance Rulings AAR determined that Goods and Services Tax GST does not apply to the sale of goods stored in a third-party Free Trade Warehousing Zone…
The Tamil Nadu Authority of Advance Ruling AAR determined that input tax credit ITC is not permissible on rotary car parking systems under Section 17 5 d of the CGST/TNGST Acts.…
The Authority for Advance Rulings AAR determined that Vyavshay, a mobile app connecting service providers with customers, qualifies as an 'e-commerce operator' under Section 9 5…
Women, balancing caregiving and financial responsibilities, often overlook self-care, including securing insurance. In rural India, only 1% of women are insured, highlighting the…
The Karnataka High Court dismissed a PIL filed by M/s Akhila Karnataka Hindu Temples Priests Agamikas and Archaks Association, seeking exemption of temples from the Right to…
Sebi imposed penalties and restrictions on PTC India Financial Services Ltd's PFS officials. Acting chairman Rajib Kumar Mishra faces a six-month ban from holding director…
A startup innovation challenge commenced on June 12 in Bengaluru to enhance the city's mobility by leveraging open data from its transit agencies. Titled 'Enroute: A…
Foxtale, a D2C skincare brand, raised $18 million about ₹150 crore in a Series B funding round led by Panthera Growth Partners. Existing investors Matrix Partners India and Kae…
The Insurance Regulatory and Development Authority of India IRDAI mandated policy loan facility for all life insurance savings products, also extending the free look period to 30…
The National Company Law Tribunal Chandigarh bench, led by Harnam Singh Thakur and LN Gupta, ruled that indemnity obligations concerning guarantees do not apply to operational…
Fintech startup Finsall secured Rs 15 crore in a bridge round led by Unicorn India Ventures and Seafund, with other institutional investors participating. The funding will be…
Palette Brands, formerly known as White.Inc., secured close to $2 million in a pre-series A funding round led by Rockstud Capital. Investors like Inflection Point Ventures IPV ,…
The NCLAT declined to stay NCLT's order admitting Jaiprakash Associates Limited JAL into insolvency resolution. Despite JAL's restructuring proposals, NCLT proceeded, citing its…
The Delhi High Court will review a case on July 26, 2024, involving an uncommunicated extension and the absence of required approval in an order under Section 148A d of the Income…
The Madras High Court, led by Justice N. Seshasayee, stressed that operational creditors' claims embody their property rights under Article 300A of the Indian Constitution.…
The Insolvency and Bankruptcy Board of India IBBI has proposed significant changes to the Compliance Reporting Framework for Insolvency Professionals IPs handling Corporate…
The International Road Federation IRF has urged the GST Council and Ministry of Finance to reduce tax on helmets from 18% to nil to encourage their use. \r IRF highlighted that…
The Telangana Government recently established the Real Estate Appellate Tribunal REAT under the Real Estate Regulation and Development Act, 2016. Appointed members include Justice…
The Allahabad High Court clarified that Section 37 of the NDPS Act, which restricts bail in NDPS cases, doesn't apply to Constitutional Courts. It noted that a provision in…
The Allahabad High Court criticized the disrespectful drafting of review applications, emphasizing the need for dignity in court proceedings. Justice Subhash Vidyarthi upheld the…
Credit growth in Indian commercial banks is expected to moderate to 12-14% in FY25 due to resource-raising challenges and regulatory concerns on unsecured credit, according to…
The Indian Banks' Association IBA will request the Reserve Bank of India RBI to maintain current provisioning levels for infrastructure project loans. The RBI recently proposed…
SBI Chairman Dinesh Kumar Khara predicts a decline in deposit rates, indicating a potential easing of interest rates by RBI in the third quarter, starting from October, as…
The Indian Banks' Association IBA will urge the central bank to maintain current provisioning levels for infrastructure projects, in response to the proposed increase, sources…
The Reserve Bank of India's RBI banking system suffered a technical glitch affecting the automated sweep-in and sweep-out system ASISO , used by banks for liquidity management.…
NALSAR University and Kshetra Foundation for Dialogue have signed a 5-year Memorandum of Understanding to collaborate on "Building Community Capacity and Ecosystemic Support for…
The IBBI has proposed amendments to CIRP forms and compliance processes, aiming to ease the burden on insolvency professionals. The changes seek to streamline reporting systems by…
The Securities and Exchange Board of India SEBI imposed strict penalties and restrictions on Pawan Singh, former MD and CEO, and Rajib Kumar Mishra, former chairman of PTC India…
The Mumbai ITAT directed the AO to allow TDS credit to transferees, even if certificates are in the name of amalgamated/demerged companies. Despite Rs. 8.13 crore TDS credit…
The Karnataka government enforced the Karnataka Prohibition of Violence against Advocates Act, 2023 KPVA Act from June 10. Advocates, vulnerable to malicious prosecution hindering…
Economists anticipate the RBI-led Monetary Policy Committee to uphold or raise interest rates in the forthcoming monetary policy until clarity emerges regarding food inflation…
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