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UPI customers are facing digital payment disruptions affecting services like Google Pay, PhonePe, and BHIM. RBI Governor Shaktikanta Das clarified that these issues stem from…
The Directorate of Enforcement ED , Delhi Zonal Office, has attached properties worth Rs. 94.18 Crore belonging to Shree Raj Mahal Jewellers Pvt Ltd SRMJPL and Rs. 13.43 Crore…
The Delhi High Court upheld the refusal of patent registration for the "Portable Vehicle Management System," deeming its claimed features not meeting the inventive step…
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…
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 Calcutta High Court upheld a single bench's ruling, stating hookah bars in West Bengal couldn't be closed without a state law banning them. Chief Justice TS Sivagnanam and…
The National Company Law Tribunal NCLT in Allahabad has ordered the commencement of insolvency proceedings against Himalayan Mineral Water Private Limited following a plea by…
The Haryana Real Estate Regulatory Authority Authority found the buyer's agreement terms heavily biased in favor of the builder for the Gurgaon Greens project. Despite objections,…
CIPL announced securing a Rs 114-crore project from Indian Oil Corporation Limited IOCL for comprehensive IT infrastructure maintenance. The three-year contract, from June 2024 to…
The Indian government's initiatives, including mandatory quality control orders and increased customs duty, have propelled toy exports, but more actions are needed, stated Rajesh…
French tech startup Mistral AI secured a massive funding round of 600 million euros $645 million , valuing the company at 5.8 billion euros $6.2 billion . General Catalyst…
The Supreme Court directed the Delhi government to submit a report on its actions against "water tanker mafias" allegedly diverting water intended for addressing Delhi's water…
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 State Consumer Disputes Redressal Commission, Haryana, dismissed Mahindra and Mahindra's appeal against the Sonepat District Commission's order, noting significant…
The Insurance Regulatory and Development Authority of India Irdai mandated general insurance companies not to reject claims for lack of documents. Insurers must collect necessary…
The Madras High Court ordered a reconsideration of a tax matter concerning a 10% pre-deposit condition due to discrepancies between GSTR 3B and GSTR 2A. Crystal Granites, the…
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 newly appointed Union Minister for Electronics and Information Technology, Ashwini Vaishnaw, along with Minister of State Jitin Prasada, face the task of steering regulations…
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…
The Customs department seized 4,600 used laptops and over 1,000 computer parts valued at ₹4.11 crore in Nhava Sheva, originating from the UAE. The Special Intelligence and…
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 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…
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…
India’s largest public sector bank, SBI, is enhancing its MSME loan offerings with the launch of 'SME Digital Business Loans,' enabling loan sanctions within 45 minutes. The…
The Tamil Nadu Authority for Advance Ruling AAR clarified that Free on Board FOB exporters aren't liable for Goods and Services Tax GST under the Reverse Charge Mechanism RCM for…
The Madras High Court, under Justice N. Seshasayee, dismissed a writ petition by a MSME debtor against Tamil Nadu Generation and Distribution Corporation Limited TANGEDCO for…
The Mumbai bench of the Income Tax Appellate Tribunal dismissed the appeal due to the taxpayer's demise and the failure to substitute legal heirs within a reasonable period.…
The Rajasthan High Court reiterated that appeals under Section 30 of the Workmen's Compensation Act are limited to substantial questions of law, barring re-evaluation of evidence.…
The Allahabad High Court reiterated that under Section 14A of the SC/ST Prevention of Atrocities Act, appeals preclude invoking High Court's inherent jurisdiction under Section…
The Calcutta High Court upheld a single bench's ruling, stating hookah bars in West Bengal couldn't be closed without a state law banning them. Chief Justice TS Sivagnanam and…
The State Consumer Disputes Redressal Commission, Haryana, dismissed Mahindra and Mahindra's appeal against the Sonepat District Commission's order, noting significant…
The banking industry anticipates the Narendra Modi-led NDA's third tenure to emphasize financial inclusion and insurance penetration. A stable government can ensure focused…
State Bank of India SBI will enhance its global operations, focusing on the International Financial Services Centre IFSC at GIFT City, Gujarat, due to lower operating costs, tax…
State Bank of India SBI has launched 'SME Digital Business Loans' to sanction loans within 45 minutes, focusing on the MSME sector for growth. This digital product simplifies and…
In March 2024, the Indian Banks' Association IBA and bank employee unions agreed on a 17% annual wage hike, increasing public sector banks' yearly expenses by Rs 8,284 crore. This…
The IT Ministry will meet with industry associations on Thursday to discuss the draft Digital Competition law, chaired by IT Secretary S. Krishnan. The draft bill has sparked…
The Insolvency and Bankruptcy Board of India IBBI has proposed simplifying the forms for the corporate insolvency resolution process CIRP to ease compliance burdens. Following the…
The central government may decriminalize minor income tax offences, replacing prosecution with penalties to enhance ease of doing business. This shift, reported by MoneyControl,…
The High Court referred a matter regarding vehicle confiscation under the Madhya Pradesh Excise Act to a larger bench, citing conflicting judgments. Justice Vinay Saraf…
The Customs department seized 4,600 used laptops and over 1,000 computer parts valued at ₹4.11 crore in Nhava Sheva, originating from the UAE. \r The Special Intelligence and…
The CESTAT remanded a case where the Commissioner Appeals rejected appeals without considering their merits, misinterpreting Section 17 5 of the Customs Act, 1962. M/s. Zeetel…
The Kerala High Court upheld a woman's right to marry a person of her choice, ruling that parental concerns cannot impede an adult's decision once they reach majority. In a Habeas…
The Export-Import Bank of India Exim Bank has extended a Government of India-supported Line of Credit LoC worth USD 23.37 million to the Government of the Co-operative Republic of…
The Madras High Court disposed of a petition concerning a GST tax demand issue, remanding it for reconsideration with the condition that the petitioner remits 10% of the disputed…
The Society of Indian Automobile Manufacturers Siam has requested the Ministry of Heavy Industries to reduce the GST on low-carbon two-wheelers, such as ICE flex-fuel and CNG…
UPI customers are facing digital payment disruptions affecting services like Google Pay, PhonePe, and BHIM. RBI Governor Shaktikanta Das clarified that these issues stem from…
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