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Ashv Finance, an MSME-focused NBFC under Aavishkaar Group, partnered with HDFC Bank to offer unsecured business loans to micro and small enterprises. The deal aims to enhance…
Moody's Ratings affirmed the Baa3 ratings on Bank of Baroda BOB , Canara Bank, and Punjab National Bank PNB with stable outlooks. Improved credit metrics and declining…
The Delhi ITAT disallowed the Section 54 deduction claim as the taxpayer failed to construct a residential house within the specified time. Sandeep Hooda sold a property in 2014,…
Unacademy's co-founder and CTO, Hemesh Singh, announced his transition from an executive to an advisory role on June 8. Reflecting on nearly a decade of contributions alongside…
The Tamil Nadu Authority of Advance Ruling AAR ruled that input tax credit ITC is not admissible on rotary car parking systems. Despite being detachable, the rotary car parking…
The CBI filed a supplementary charge sheet against BRS leader K Kavitha in a Delhi court regarding an alleged excise scam, asserting ample evidence for prosecution. Delhi's Rouse…
The Delhi court rejected Chief Minister Arvind Kejriwal's plea for interim bail in the excise policy case, instructing Tihar jail to address his medical requirements. Kejriwal's…
The Delhi High Court dismissed an appeal by the Principal Commissioner of Customs against a Customs, Excise, and Service Tax Appellate Tribunal CESTAT order favoring M/s Linear…
The Gujarat Authority of Advance Ruling AAR ruled that 18% GST applies to Zero Liquid Discharge ZLD treated water. The water from the Common Effluent Treatment Plant CETP ,…
Nithin Kamath, head of Zerodha, highlighted regulatory changes by the market regulator since 2019 to enhance market safety and investor-friendliness. He particularly noted the…
RBI Governor Shaktikanta Das emphasized the need for banks to ensure their information technology systems' capacity aligns with their business growth. He reiterated the central…
The Jharkhand High Court reiterated the significance of dying declarations in criminal cases, emphasizing the weightage of statements recorded before a Magistrate or higher…
Compliance management in regulated industries like pharmaceuticals demands robust solutions to navigate complex regulations efficiently. Digital transformation offers automation,…
The Tamil Nadu State Appellate Authority for Advance Ruling AAAR condoned a 21-day delay in M/S. Lions Seat Cushions Private Limited's appeal on the classification and GST rate of…
Foreign Portfolio Investors FPIs have been consistently selling in Indian markets since the start of fiscal year 2024-25, driven by factors such as election volatility, global…
SEBI mandates direct transfer of securities to clients' demat accounts by clearing corporations starting October 14, 2024. Previously voluntary since February 1, 2001, this move…
The Kerala High Court ruled that a man cannot challenge a child's paternity if his conduct shows otherwise. In 2022, the petitioner sought a DNA test, but the Family Court…
The Directorate of Enforcement ED , Delhi Zonal Office provisionally attached movable and immovable assets worth Rs. 5.37 Crore belonging to Amit Kansal, Sanjay Kansal, Rekha…
An application has been filed in the Supreme Court, urging the Union Government and SEBI to furnish a detailed report on the Share Market crash post the Lok Sabha 2024 Polls…
SEBI imposed a Rs 3 lakh penalty each on Goldenmaple Commodities Pvt Ltd and its directors for regulatory breaches, including misusing client funds and failing to maintain proper…
SEBI's circular targets surveillance-related deficiencies at market infrastructure institutions MIIs like stock exchanges and clearing corporations. Lapses include failure to…
SEBI has revamped reporting norms for Foreign Portfolio Investors FPIs , offering them increased flexibility. The changes categorize material changes into Type I and Type II,…
Kotak, Invesco, and Shriram Mutual Funds have filed draft documents with Sebi to launch four new funds. Kotak Mutual Fund will introduce the Kotak Nifty Midcap 50 Index Fund, an…
SEBI is considering allowing mutual funds to sell Credit Default Swaps CDS and revising rules regarding their purchase. A CDS acts as insurance against bond defaults, with one…
Moody's Ratings affirmed the Baa3 ratings on Bank of Baroda BOB , Canara Bank, and Punjab National Bank PNB with stable outlooks. Improved credit metrics and declining…
Moody's Ratings affirmed the Baa3 ratings on Bank of Baroda BOB , Canara Bank, and Punjab National Bank PNB with stable outlooks. Improved credit metrics and declining…
Ashv Finance, an MSME-focused NBFC under Aavishkaar Group, partnered with HDFC Bank to offer unsecured business loans to micro and small enterprises. The deal aims to enhance…
SEBI has established an ad-hoc committee led by Usha Thorat, ex-RBI Deputy Governor, to enhance the resilience and independence of clearing corporations. Stemming from the Gandhi…
The Kerala High Court has requested instructions from the Ministry of Road Transport and Highways regarding actions against vloggers promoting modified vehicles violating safety…
To prevent disputes between promoters and flat buyers arising from possession letters, UP RERA has provided a model format for such letters on its website. Promoters must issue…
The National Consumer Disputes Redressal Commission, chaired by Dr. Inder Jit Singh, ruled that government servants are not considered "consumers" under the Consumer Protection…
Three PSUs in the Gas & Petroleum sector—Bharat Petroleum Corporation BPCL , Hindustan Petroleum Corporation HPCL , and Oil India—will offer bonus shares from June 21 to July 2,…
An application has been filed in the Supreme Court, urging the Union Government and SEBI to furnish a detailed report on the Share Market crash post the Lok Sabha 2024 Polls…
The Gujarat Authority of Advance Ruling AAR ruled that 18% GST applies to Zero Liquid Discharge ZLD treated water. The water from the Common Effluent Treatment Plant CETP ,…
Moody's Ratings affirmed the Baa3 ratings on Bank of Baroda BOB , Canara Bank, and Punjab National Bank PNB with stable outlooks. Improved credit metrics and declining…
According to a Bloomberg report, Paytm's market share in India's online payment apps declined for the fourth consecutive month, standing at 8.1% of total UPI transactions in May…
Solicitor General of India Tushar Mehta expressed confidence in India's arbitration system during the London International Disputes Week. He emphasized the Arbitration Act's…
An Appellate Tribunal in Delhi overturned the attachment orders of properties belonging to Nationalist Congress Party leader Praful Patel, his wife, and his company in a money…
In 2023, global banks cut over 60,000 jobs, the largest reduction since the financial crisis, driven by declining fees from slower dealmaking and public listings. The UBS-Credit…
The Enforcement Directorate issued a ninth summons to Delhi Chief Minister Arvind Kejriwal, asking him to appear on March 21 in the excise policy case. Kejriwal, granted bail…
The Kerala High Court ruled that a man cannot challenge a child's paternity if his conduct shows otherwise. In 2022, the petitioner sought a DNA test, but the Family Court…
Nithin Kamath, head of Zerodha, highlighted regulatory changes by the market regulator since 2019 to enhance market safety and investor-friendliness. He particularly noted the…
The Directorate of Enforcement ED , Delhi Zonal Office provisionally attached movable and immovable assets worth Rs. 5.37 Crore belonging to Amit Kansal, Sanjay Kansal, Rekha…
JPMorgan Chase & Co. executives Doug Petno and Filippo Gori have elevated several executives within its global banking division. Dorothee Blessing and Jay Horine will lead global…
The Uttar Pradesh Authority For Advance Ruling AAR classified sleeping bags under Chapter Heading 9404 30 90 of the Goods and Service Tax GST Tariff, subject to a 12% GST rate. \r…
The National Consumer Disputes Redressal Commission, led by Dr. Inder Jit Singh, upheld a decision against Life Insurance Corporation, emphasizing that signing a proposal with…
The National Consumer Disputes Redressal Commission, headed by Dr. Inder Jit Singh, emphasized the insurer's duty to thoroughly assess the insured's medical condition before…
The National Consumer Disputes Redressal Commission, led by Mr. Subhash Chandra and Dr. Sadhna Shanker, found New India Assurance guilty of unfair trade practices for unilaterally…
RBI Governor Shaktikanta Das emphasized the need for banks to ensure their information technology systems' capacity aligns with their business growth. He reiterated the central…
The Delhi ITAT disallowed the Section 54 deduction claim as the taxpayer failed to construct a residential house within the specified time. Sandeep Hooda sold a property in 2014,…
Ashv Finance, an MSME-focused NBFC under Aavishkaar Group, partnered with HDFC Bank to offer unsecured business loans to micro and small enterprises. The deal aims to enhance…
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