SBI General Insurance Company has announced the withdrawal of its Arogya Plus policy effective from October 5, 2024, adhering to regulatory requirements mandating a 90-day advance…
05/06/20241 min read
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SBI General Insurance Company has announced the withdrawal of its Arogya Plus policy effective from October 5, 2024, adhering to regulatory requirements mandating a 90-day advance…
As Prime Minister Narendra Modi prepares for his third term inauguration on June 9, the upcoming government faces a packed agenda including legislative bills and a revised 100-day…
The Madhya Pradesh High Court, under Justice Gurpal Singh Ahluwalia, ruled that initiation of proceedings under the Insolvency and Bankruptcy Code, 2016 IBC doesn't absolve a…
The income tax department has reiterated the importance of validating and re-validating bank accounts to facilitate income tax refunds efficiently. Emphasizing the significance of…
Sebi introduced a framework for "financial disincentives" applicable to market infrastructure institutions MIIs like stock exchanges for lapses in detecting abnormal trading…
The Kerala High Court directed the National Faceless Assessment Centre NFAC to decide within 2 months due to a delay in deciding to stay the application against the Income Tax…
Jar, the digital gold micro-savings platform, plans to expand into the health and general insurance segment by the end of 2025, aiming to offer comprehensive financial services.…
CoinDCX introduced CoinDCX Prime on June 6, targeting High-Net-Worth Individuals HNIs , family offices, and institutional investors seeking personalized crypto investment…
The Delhi High Court ruled that the Central Information Commission CIC lacks jurisdiction to comment on the utilization of Members of Parliament Local Area Development Scheme…
The Government of India has announced the sale re-issue of Government Securities totaling ₹29,000 crore, scheduled for auction on June 07, 2024. The underwriting auction, in…
The Government of India Floating Rate Bond 2031 FRB 2031 will have a rate of interest of 7.98% per annum for the period from June 07, 2024, to December 06, 2024. The bond's coupon…
The Reserve Bank of India, under Section 35A read with Section 56 of the Banking Regulation Act, 1949, extends the Directions issued to The Imperial Urban Cooperative Bank Ltd.,…
The Nifty PSU Bank index surged up to 4.4% in intra-day trading, marking the second consecutive session of gains, following a 2.5% jump on June 5, after the confirmation of the…
In April 2024, gross bank credit to MSMEs under priority sector lending norms surged by 18.1%, totaling Rs 24.6 lakh crore compared to Rs 20.84 lakh crore in April 2023. Credit to…
Ram Kishor Arora was granted bail in the ₹700 crore money laundering case by a Delhi Court. Additional Sessions Judge Devender Kumar Jangala of Patiala House Courts approved…
Delhi Court granted bail to Congress leader Karti P Chidambaram in an Enforcement Directorate ED money laundering case related to an alleged Chinese visas scam. Judge Kaveri…
Dixon Technologies is actively seeking merger and acquisition M&A opportunities in India to boost its growth in the electronics manufacturing sector. With a robust balance sheet…
In May, overall deal activity declined by 3% to USD 5.023 billion compared to April's USD 5.192 billion, with mergers and acquisitions plummeting by 58% to USD 1.05 billion while…
Fitch Ratings predicts that despite the National Democratic Alliance's NDA narrower majority post-election, India's growth will persist at 7% in FY25. The agency anticipates…
SEBI has cautioned investment bankers that their upcoming public offering documents face the risk of being rejected if there are any shortcomings in disclosures. They've…
Four employees of Bajaj Allianz General Insurance Company in Pune have been accused of forging 97 reimbursement claims, resulting in a loss of Rs 2.23 crore. The complaint was…
Indian Overseas Bank has inaugurated an exclusive branch in the city aimed at serving startups and budding entrepreneurs. The branch, launched by top officials, will provide a…
The Bangalore bench of the Income Tax Appellate Tribunal dismissed the valuation of bonus shares under Section 55 2 aa B of the Income Tax Act, as the taxpayer admitted to not…
Congress leader Rahul Gandhi has called for an investigation into stock market fluctuations preceding India's recent elections, alleging Prime Minister Narendra Modi provided…
Simpl, a Buy Now Pay Later BNPL startup, reportedly handed out termination notices to approximately 30 more employees, following the layoff of 160 staff less than a month ago. The…
CoinDCX introduced CoinDCX Prime on June 6, targeting High-Net-Worth Individuals HNIs , family offices, and institutional investors seeking personalized crypto investment…
Sebi introduced a framework for "financial disincentives" applicable to market infrastructure institutions MIIs like stock exchanges for lapses in detecting abnormal trading…
Sebi issued a Show Cause Notice to Yashish Dahiya, CEO of PB Fintech, regarding a $2 million investment in a Dubai-based marketing company in 2022. The investment, made through PB…
Mirae Asset Investment Managers India awaits SEBI's approval to launch India's pioneering electric vehicles EV and new-age automotive-focused exchange-traded fund ETF . This…
India’s markets regulator, SEBI, issued a warning to ICICI Bank for pressuring ICICI Securities I-Sec shareholders to vote for delisting in March. SEBI's letter dated June 6 noted…
Jar, the digital gold micro-savings platform, plans to expand into the health and general insurance segment by the end of 2025, aiming to offer comprehensive financial services.…
SBI General Insurance Company has announced the withdrawal of its Arogya Plus policy effective from October 5, 2024, adhering to regulatory requirements mandating a 90-day advance…
As Prime Minister Narendra Modi prepares for his third term inauguration on June 9, the upcoming government faces a packed agenda including legislative bills and a revised 100-day…
The Madhya Pradesh High Court, under Justice Gurpal Singh Ahluwalia, ruled that initiation of proceedings under the Insolvency and Bankruptcy Code, 2016 IBC doesn't absolve a…
The income tax department has reiterated the importance of validating and re-validating bank accounts to facilitate income tax refunds efficiently. Emphasizing the significance of…
The Kerala High Court directed the National Faceless Assessment Centre NFAC to decide within 2 months due to a delay in deciding to stay the application against the Income Tax…
The Income Tax Appellate Tribunal ITAT of the New Delhi bench ruled that assessment or reassessment in a search-related case requires proper approval from the competent authority.…
The Kerala High Court ruled that benefits under Section 80P of the Income Tax Act were denied due to late filing of Income Tax Returns ITR . The Muvattupuzha Agricultural…
The Delhi bench of the Income Tax Appellate Tribunal ITAT annulled a penalty, citing a limitation issue. The penalty order, passed on 25.02.2016 by the Joint Commissioner of…
Sanjay Kumar Agarwal, the Chairman of the Central Board of Indirect Taxes and Customs CBIC , inaugurated the GST Bhawan, an official complex of CGST Rohtak Commissionerate in…
The Kolkata bench of the Income Tax Appellate Tribunal ITAT ruled in favor of Purnasons Pvt. Ltd, holding that the claim under Section 80M of the Income Tax Act, 1961 is allowable…
The Rajasthan Authority for Advance Ruling AAR issued a judgment stating that infant food products containing ingredients other than milk may attract an 18 per cent goods and…
The Delhi High Court overturned a decision regarding a Show Cause Notice SCN due to the lack of thorough consideration by the Proper Officer. The petitioner contested the order…
The Kerala High Court ruled that Input Tax Credit ITC under Section 16 4 of the GST Act can be availed until November 30th each financial year, effective from July 1st, 2017.…
The Delhi High Court ruled that interest should be calculated from the date of the order passed by the Delhi Value Added Tax DVAT Appellate Tribunal. The petitioner sought a…
The Delhi High Court overturned the retrospective cancellation of registration for S.S. Enterprises, citing lack of reason in the Show Cause Notice SCN . \r The petitioner, Zahira…
The Bangalore Bench of CESTAT ruled that manufacturing display materials falls under "Trading Advertising Material," attracting zero duty. The tribunal responded to a show-cause…
The Allahabad bench of the Customs, Excise & Service Tax Appellate Tribunal CESTAT abated an appeal filed by M/s Moser Baer India Ltd. as no application was made by the official…
The Chennai bench of the Customs Excise and Service Tax Appellate Tribunal CESTAT remanded a case concerning service tax liabilities of the Coimbatore City Municipal Corporation…
In May, domestic air passenger traffic grew by 5.1% year-on-year to an estimated 138.9 million, surpassing pre-Covid levels by around 14%, according to Icra. For FY24, domestic…
SBI General Insurance Company has announced the withdrawal of its Arogya Plus policy effective from October 5, 2024, adhering to regulatory requirements mandating a 90-day advance…
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