The RBI, through directive CO.DOS.SED.No.S8240/12-22-493/2022-2023 dated March 09, 2023, initially imposed Directions on Pune Sahakari Bank Ltd., Pune, Maharashtra, effective…
09/06/20241 min read
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The RBI, through directive CO.DOS.SED.No.S8240/12-22-493/2022-2023 dated March 09, 2023, initially imposed Directions on Pune Sahakari Bank Ltd., Pune, Maharashtra, effective…
The RBI, through an order dated June 03, 2024, levied a monetary penalty of ₹1.00 lakh on India Home Loan Limited for breaching provisions of 'The Housing Finance Companies NHB…
The RBI, through an order dated June 03, 2024, levied a ₹1,00,000 penalty on The Angul United Central Co-operative Bank Ltd., Odisha for breaching the KYC Master Direction of…
The RBI, through directive CO.DOS.SED.No.S1917/12.22.212/2023-24 on June 13, 2023, placed The Rajapur Sahakari Bank Ltd, Mumbai under Directions from June 14, 2023, to December…
The RBI, through directive CO.DOS.SED.No.S8241/12-22-316/2022-2023 on March 09, 2023, placed Defence Accounts Cooperative Bank Ltd, Pune under Directions from March 10, 2023. By…
The RBI imposed a ₹25,000/- penalty on Vishwakalyan Sahakara Bank Niyamit, Karnataka, for non-compliance with RBI's exposure norms and statutory restrictions. The penalty, under…
The Meghalaya High Court ruled that a company acquired through the Insolvency and Bankruptcy Code IBC process isn't liable for electricity dues incurred before the takeover.…
The Chennai Income Tax Appellate Tribunal ITAT overturned the Commissioner of Income Tax Exemption CIT E 's order canceling The Earth Trust's registration under Section 12AB,…
Rajnath Singh, continuing as Defence Minister, prioritizes reforms, including promoting exports and bolstering domestic defence manufacturing. His tenure emphasizes self-reliance…
The newly formed NDA government is considering key proposals to enhance and review its flagship developmental programs, informed sources told CNBC-TV18. \r Suggestions include…
The Madhya Pradesh High Court ruled that signatories of cheques remain liable under the Negotiable Instruments Act, despite insolvency proceedings under the Insolvency and…
Jitan Ram Manjhi, founder of Hindustani Awam Morcha Secular , renowned for his political acumen, has been appointed Cabinet minister for micro, small, and medium enterprises. \r…
The Delhi High Court rejected InterDigital Technology’s plea to access licensing agreements between Chinese mobile phone manufacturers and two SEP licensors, Ericsson and Orange…
Shriram Life Insurance has announced a bonus of ₹201 crore, marking a 35% increase from the previous year's ₹149 crore, driven by robust growth in premium income. The bonus will…
Canara HSBC Life Insurance declared a customer bonus of ₹232 crore for over 2.18 lakh policyholders in the financial year 2023-2024. Participating policies or profit plans allow…
SBI General Insurance will discontinue its Arogya Plus policy on October 5, 2024, to refine its offerings. Current policyholders can transition to the comprehensive Super Health…
The life insurance industry's new business premium NBP rose by 15.5% year-on-year Y-o-Y in May 2024, reaching Rs 27,034.2 crore, driven by growth across segments, according to…
The Madhya Pradesh High Court ruled that signatories of cheques remain liable under the Negotiable Instruments Act, despite insolvency proceedings under the Insolvency and…
The Meghalaya High Court ruled that a company acquired through the Insolvency and Bankruptcy Code IBC process isn't liable for electricity dues incurred before the takeover.…
The Punjab and Haryana High Court ruled that auction proceedings based on a quashed ex-parte ITAT order are void from the beginning. Justices directed the department to restore…
The bench emphasized that provisions for warranty in respect of sophisticated goods, backed by systematic data, merit deduction under Section 37 of the Income Tax Act. \r The…
The Madras High Court overturned a reassessment order issued under Sections 147, 144, and 144B of the Income Tax Act, 1961, due to the non-consideration of submitted documents,…
The Delhi High Court ruled that initiating assessment proceedings under Section 153C of the Income Tax Act beyond the 10-year block period is unsustainable. Flowmore Limited…
The life insurance industry's new business premium NBP rose by 15.5% year-on-year Y-o-Y in May 2024, reaching Rs 27,034.2 crore, driven by growth across segments, according to…
The Chennai Income Tax Appellate Tribunal ITAT overturned the Commissioner of Income Tax Exemption CIT E 's order canceling The Earth Trust's registration under Section 12AB,…
The Rajasthan Appellate Authority for Advance Ruling AAAR has directed the Authority for Advance Ruling AAR to reconsider its ruling regarding the taxation of services provided by…
The Delhi High Court ordered a re-adjudication of a GST Show Cause Notice SCN against the petitioner concerning incomplete supporting documents. The petitioner contested the…
The Gujarat Authority of Advance Ruling AAR ruled that "Mix Mukhwas" and "Roasted Til & Ajwain," seed mixes with a dominant quantity of sesame seeds, are liable for a 5% GST rate.…
The Madras High Court quashed GST assessment orders against Tvl. KCP Infra Limited on the condition of a pre-deposit of Rs. 45 lakhs. The court noted the petitioner addressed 15…
The Karnataka Authority for Advance Rulings AAR classified "Bee-Prime Feed," a product by M/s. Technocrats Equipment Sales & Service, under HSN code 1702.90, attracting an 18% GST…
The Indian rupee is stable and inexpensive compared to other emerging market currencies, making it attractive for carry traders, reports Bank of America Corp. A carry trade…
The Allahabad High Court affirmed the maintainability of a Section 483 CrPC application seeking to expedite the disposal of a Section 125 CrPC petition, clarifying the Family…
The Madhya Pradesh High Court granted divorce to a woman whose husband was convicted of murdering his father over a property dispute. The court cited mental cruelty as grounds for…
The Delhi High Court has requested a medical status report from jail authorities for Hyderabad businessman Arun Ramchandran Pillai, arrested in connection with the ED probe into…
The Delhi Bench of Customs, Excise, and Service Tax Appellate Tribunal CESTAT ruled that aircraft used solely for non-scheduled passenger services qualify for customs exemption.…
The Delhi Bench of Customs, Excise, and Service Tax Appellate Tribunal CESTAT ruled that the responsibility of customs brokers under Regulation 10 n of the Customs Brokers…
SBI General Insurance will discontinue its Arogya Plus policy on October 5, 2024, to refine its offerings. Current policyholders can transition to the comprehensive Super Health…
The Delhi High Court granted an interim injunction in favor of senior journalist Rajat Sharma, restraining Ravindra Kumar Choudhary from using the India TV logo and "Baap Ki…
Bank of India has acquired a 6.125% stake in CCIL IFSC, reflecting its commitment to GIFT City's growth as a global financial hub. CCIL IFSC, promoted by Clearing Corporation of…
The Reserve Bank of India RBI has raised the bulk deposit limit for scheduled commercial banks and small finance banks from Rs 2 crore to Rs 3 crore, potentially leading to…
Shachindra Nath, Founder & MD of UGRO Capital, reveals plans to expand from 105 to 250 locations this year and 400 next year, focusing on tier II to V towns. Around 60-70% of…
In an appeal against a Motor Accidents Claim Tribunal order, the Kerala High Court ruled that contributory negligence cannot be solely determined based on the scene mahazar.…
The new government, taking charge on Monday, plans to advance key IT policies from its previous term to modernize India’s digital infrastructure. Priorities include enforcing the…
The Delhi High Court granted statutory bail to activist Sharjeel Imam, noting that the trial court was swayed by the severity of allegations against him in a sedition and UAPA…
Justice Hima Kohli emphasized the potential for India and the MENA region to become key international arbitration hubs by 2030. Speaking at the London International Disputes Week,…
Canara HSBC Life Insurance declared a customer bonus of ₹232 crore for over 2.18 lakh policyholders in the financial year 2023-2024. Participating policies or profit plans allow…
The Jharkhand High Court reiterated that unless there's an interim no-coercive measure order issued during the anticipatory bail application, warrants, proclamations, and…
Shriram Life Insurance has announced a bonus of ₹201 crore, marking a 35% increase from the previous year's ₹149 crore, driven by robust growth in premium income. The bonus will…
The Delhi High Court rejected InterDigital Technology’s plea to access licensing agreements between Chinese mobile phone manufacturers and two SEP licensors, Ericsson and Orange…
Jitan Ram Manjhi, founder of Hindustani Awam Morcha Secular , renowned for his political acumen, has been appointed Cabinet minister for micro, small, and medium enterprises. \r…
The RBI, through directive CO.DOS.SED.No.S8240/12-22-493/2022-2023 dated March 09, 2023, initially imposed Directions on Pune Sahakari Bank Ltd., Pune, Maharashtra, effective…
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