Public sector enterprises PSEs and Adani Group stocks plummeted on Tuesday as election trends hinted at the BJP's struggle to secure a majority. The Nifty PSE Index tumbled by…
03/06/20241 min read
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Public sector enterprises PSEs and Adani Group stocks plummeted on Tuesday as election trends hinted at the BJP's struggle to secure a majority. The Nifty PSE Index tumbled by…
In Vaibhavi Dredging Pvt. Ltd. vs. National Insurance Co. Ltd., the National Consumer Disputes Redressal Commission, presided by Subhash Chandra and Sadhna Shanker, upheld the…
The National Consumer Disputes Redressal Commission, presided by Mr. Subhash Chandra and Dr. Sadhna Shanker, ruled that an arbitration clause in a builder-buyer agreement cannot…
In Abdul Rahim and Anr. v M/S Khatri Marble Mines Makrana and Ors., the Rajasthan High Court, under Justice Madan Gopal Vyas, quashed a contradictory ad-interim order issued by a…
Sebi is reviewing the ownership structure of clearing corporations to ensure independence and effective risk management. A committee chaired by Usha Thorat, former RBI deputy…
Sebi's western regional office issued warning letters to Navin Sarwar of Udaipur and Pradipkumar Dhobi of Vadodara for providing investment advisory services without registration.…
SEBI has included two new agencies for registering social-impact assessors: the ICMAI Social Auditors Organization and the ICSI Institute of Social Auditors. \r These agencies,…
Sebi introduced its latest mobile app, 'Saa ₹thi 2.0', to assist investors in managing personal finances. The app offers financial calculators for informed decisions, educational…
Following the BJP's reduced mandate in the 2024 elections, pending bills and proposed legislations might face reconsideration as the party now relies more on allies like the TDP…
SEBI has adjusted regulatory requirements for launching options contracts on agricultural and agri-processed commodities, effective June 1, 2024. \r The average daily turnover…
Amidst surprising election results with no clear majority, senior executives in the startup industry emphasized the need for continued government support and policy stability.…
Gurugram-based LogicLadder, a climate-tech SaaS startup, has secured $2.5 million in funding led by BIG Capital and Rainmatter, the latter backed by Zerodha. Founded in 2011,…
On June 4, Indian benchmark indices, Sensex and Nifty, plummeted over 5%, with Sensex down 4,389.73 points to 72,079.05 and Nifty down 1,379.40 points to 21,884.50. Market losses…
The Nifty50 Index's valuation has fallen below its five-year average following a significant market decline, marking the largest drop in four years. Closing at 21,884.50 points,…
In Ghanshyam Das v Rajasthan High Court and Anr, the Rajasthan High Court dismissed a petition challenging the upper age limit for the Civil Judge recruitment exam. \r The…
Reliance Industries completed the registration of sub-lease deeds for 3,750 acres of land for ₹13,400 crore, as part of its agreement with Navi Mumbai IIA. The land, governed by…
The Income Tax department recently released guidelines for selecting tax returns for scrutiny in the financial year 2024-25, aiming to enhance transparency and fairness in the…
The New Delhi ITAT ruled that without evidence demonstrating the cessation of liability, no addition under section 41 1 of the Income Tax Act could be justified, thus deleting the…
The Hyderabad bench of the Income Tax Appellate Tribunal ITAT remanded a case to the Assessing Officer AO after finding that the Income Tax Authorities failed to discuss the…
The Karnataka High Court recently ruled that income tax dues of original borrowers cannot impede the registration of property sales by a sub-registrar, following a petition filed…
The Kolkata ITAT upheld the addition under section 68 of the Income Tax Act, noting that the CIT A 's finding merely addressed the absence of cash receipts during the year without…
The Insurance Regulatory and Development Authority of India IRDAI mandates insurers to authorize cashless claims within three hours of a discharge request, covering additional…
On May 30, insurance stocks like LIC, HDFC Life, SBI Life, ICICI Prudential Life, and ICICI Lombard fell up to 1% after reports indicated that the Insurance Regulatory Development…
Udit Bhandari, a policyholder from Gurugram, received a suspicious call from someone claiming to be from ICICI Lombard, offering a 20% discount on his insurance premium for…
Finance Minister Nirmala Sitharaman credited the Insolvency and Bankruptcy Code IBC , introduced by PM Narendra Modi's government in 2016, for aiding banks in recovering from the…
The Registrar of the National Company Law Appellate Tribunal NCLAT has announced that the NCLAT Principal Bench in New Delhi will continue functioning during the Annual Summer…
The National Company Law Appellate Tribunal NCLAT Delhi, headed by Justice Ashok Bhushan and technical members Barun Mitra and Arun Baroka, upheld the authority of the…
The Kolkata ITAT overturned the addition made under Section 68 of the Income Tax Act, emphasizing that the burden shifts to the assessing officer AO once the assessee proves the…
The Chandigarh ITAT nullified the revision order under Section 263 of the Income Tax Act, emphasizing the necessity for the Commissioner's satisfaction to be objectively…
The Delhi High Court addressed procedural deficiencies in the issuance of Show Cause Notices SCNs for GST registration cancellations in the case of R.A. International vs.…
The Chennai bench of CESTAT ruled that the actual amount received from M/s. BPCL for the sale of fleet cards cannot be subjected to service tax. The appellant, M/s. Perundurai…
The India Protection Quotient Survey IPQ , conducted by Max Life Insurance Company Limited Max Life in collaboration with KANTAR, recently shed light on the financial goals and…
In a recent judgment, the Madras High Court examined the legality of provisional property attachment under Section 83 of the CGST Act, 2017, particularly in the case of TVL…
The Kerala High Court directed the issuance of appropriate orders regarding the refund of integrated goods and service tax IGST along with applicable statutory interest. The…
The New Delhi ITAT revoked the penalty order passed by the CIT A under section 271C of the Income Tax Act, recognizing the assessee's valid reasons for not considering payments on…
The Bangalore bench of CESTAT ruled that service tax paid under Reverse Charge Mechanism RCM for consultancy services should not be considered as a deposit in the absence of a…
The Reserve Bank of India RBI emphasized the need for banks to reduce reliance on wholesale deposits and monitor risks associated with loans and trading amid interest rate…
The Karnataka High Court emphasized that money belonging to a citizen is considered his property, and if retained by state entities, it constitutes temporary acquisition of…
The Allahabad High Court determined that proceedings under Chapter IV of the Domestic Violence Act, 2005 are civil in nature, allowing for amendments to applications made to the…
The Kerala High Court ruled that changing the date of birth in service records cannot be demanded as a right, citing precedents from the Supreme Court and the Kerala High Court.…
Disruptions in the Red Sea route have led to increased logistics costs, impacting India's manufacturing sector and export competitiveness. Shipping companies like Equinor and…
GoAir, which ceased operations in May 2023, faces likely liquidation as key bidder Nishant Pitti withdrew his revival bid. The Delhi High Court allowed lessors to repossess…
During the 'Bima Vitarak Manthan,' insurance brokers proposed to the Insurance Regulatory and Development Authority of India Irdai to permit them to appoint 'Bima Vahaks,' rather…
The Supreme Court nullified a Rs. 100,000 penalty under the Income Tax Act for audit non-completion within the stipulated time. \r The appeal stemmed from a Bombay High Court…
The Central Board of Direct Taxes CBDT has announced the final Cost Inflation Index CII for Assessment Year 2025-26 as 363, effective from April 1, 2025, onwards. This index is…
The Directorate General of GST Intelligence DGGI reported that GST evasion in construction and works contracts surpassed ₹10,000 crore in FY24, with over ₹8,900 crore still…
The Uttar Pradesh Electricity Regulatory Commission UPERC ordered compensation for SAEL Limited due to increased project costs resulting from a rise in GST rates. SAEL Limited, a…
Finance Minister Nirmala Sitharaman attributed the milestone of Rs 2 lakh crore in GST collections to economic momentum and efficient tax realization. Rolled out on July 1, 2017,…
In the case of Arabian Oilfield Suppliers & Services v. Greka Drilling India Limited, the Delhi High Court, presided by Justice Dharmesh Sharma, held that winding-up proceedings…
Last week witnessed a remarkable surge in market valuations, with nine of the top-10 most-valued firms collectively adding Rs 1,85,320.49 crore. Reliance Industries Ltd and HDFC…
Public sector enterprises PSEs and Adani Group stocks plummeted on Tuesday as election trends hinted at the BJP's struggle to secure a majority. The Nifty PSE Index tumbled by…
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