SEBI announced AV presentations for public issue offer documents, covering key disclosures in DRHP, RHP, and Price Band Ads, in English and Hindi. Investors are cautioned against…
24/05/20241 min read
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SEBI announced AV presentations for public issue offer documents, covering key disclosures in DRHP, RHP, and Price Band Ads, in English and Hindi. Investors are cautioned against…
Singapore's ThinKuvate launches its inaugural India-focused fund with a ₹100 crore corpus, aiming to support tech startups in various sectors. Founding Partner Ghanshyam Ahuja…
Google's investment of $350 million in Flipkart, part of a $1 billion round initiated by the latter in 2023, marks a pivotal moment in the e-commerce giant's journey towards an…
Several companies are set to trade ex-dividend in the upcoming week, with dividends announced by various firms such as Stovec Industries Ltd, CMS Info Systems Ltd, and Havells…
The US Securities and Exchange Commission SEC has granted approval to Nasdaq, CBOE, and NYSE for applications enabling exchange-traded funds ETFs holding Ethereum's native token,…
In his recent GREED & fear note, Jefferies' Christopher Wood suggests that the incumbent BJP government's potential poor performance in the ongoing general election, with results…
Home decor startup Vaaree secured Rs 20.78 crore $2.5 million in a pre-Series A round led by Capier Investments and Peak XV’s Surge Ventures. Founded by Garima Luthra, Pranav…
The Calcutta High Court upheld that a Joint Secretary's letter couldn't supersede the Income Tax Act and the Finance Act. The appellant, a branch of ABN AMRO Bank NV, claimed…
The Kerala High Court ruled that additional income, admitted by the assessee before a reassessment notice under Section 148, cannot be deemed concealed under Section 271 1 c of…
The Supreme Court issued notice on the Income Tax Department's application for condonation of delay in filing a Special Leave Petition against the Telangana High Court's judgment.…
According to the latest data from the Insolvency and Bankruptcy Board of India IBBI , creditors have recovered 2.16% Rs 102.78 crore of their admitted claims from personal…
As Indians increasingly seek diversification and exposure to international markets, investing in foreign stocks like Google, Facebook, and Tesla has gained popularity. Such…
The Enforcement Directorate summoned Jharkhand-cadre IAS officer Manish Ranjan for questioning on May 28 in connection with the state rural development department's tender scam…
The PMLA court extended the ED's remand of Alamgir Alam for five days in a money laundering case related to tender allocation irregularities. Alamgir, a Congress minister in the…
Oil India Ltd OIL , a key player in India's oil and gas sector and the newest Maharatna CPSE, signed a long-term agreement with its subsidiary, Numaligarh Refinery Limited NRL ,…
India's forex reserves surged by $4.549 billion to a record $648.7 billion for the week ending May 17, marking the third consecutive weekly increase, according to the RBI. This…
ICICI Lombard, a prominent insurance firm, disclosed receiving a show cause notice from the GST Officer of the Department of Trade & Taxes, Government of N.C.T. of Delhi, on May…
Go Digit General Insurance made a strong debut on May 23, closing 12.5 percent higher on its first day of trading. The Nifty 50 and BSE Sensex also saw gains of 1.6 percent each,…
The Insurance Regulatory and Development Authority of India IRDAI has issued a master circular on corporate governance for insurers, effective immediately but with compliance…
Shriram General Insurance Company Ltd announced a net profit of Rs 121 crore for the January-March 2024 quarter and Rs 455 crore for the fiscal year ending March 31, 2024. The…
The administrator of Reliance Capital RCap has filed an application with the National Company Law Tribunal NCLT seeking a 90-day extension beyond the May 27, 2024 deadline to…
The Income Tax Appellate Tribunal ITAT Delhi issued a significant judgment on May 17, 2024, concerning Saroj Sangwan Vs Income Tax Officer ITO , addressing key issues surrounding…
The Kerala High Court has affirmed the validity of the Centre's decision to extend the timeline for issuing assessment orders following show cause notices for Goods and Services…
A joint study by the Institute of Energy Economics and Financial Analysis IEEFA and JMK Research has outlined a series of recommendations for India to achieve its target of 500…
A significant tax scam has been uncovered in Kerala by the GST Department, revealing fake GST bills amounting to transactions worth Rs 1,000 crore in the scrap sector. This…
The Allahabad High Court dismissed a petition filed by a firm challenging penalties, interest, and the reversal of Input Tax Credit ITC on inward supplies from non-existent firms.…
A new report by the Indian Staffing Federation titled "India @ Work: Vision Next Decade" suggests several measures to formalize India's workforce, given that almost 85% of the…
Jaya Badiga, an Indian-American attorney and certified family law specialist, has been appointed as a Judge in the Sacramento County Superior Court in California by Governor Gavin…
CashFlo, India's leading finance automation and compliance platform, has announced its acquisition of Logitax, an all-in-one GST & E-invoicing Compliance platform, for an…
Kirloskar Industries Ltd KIL announced that a recent order from the National Company Law Tribunal NCLT has bolstered allegations of mismanagement within Kirloskar Brothers Ltd KBL…
The Advertising Standards Council of India ASCI highlighted healthcare, illegal betting apps, personal care, traditional education, and food & beverage as the top five violative…
Bettering Results offers a Comprehensive Certificate Course on Civil Litigation Practice and Drafting designed to equip participants with essential skills for excelling in the…
Urban co-operative banks UCBs are displaying reluctance towards converting into small finance banks SFBs due to anticipated operational changes, with only one UCB applying for…
The Reserve Bank of India's RBI approval of a higher-than-anticipated dividend transfer is poised to enhance liquidity within the banking system, potentially leading to a decline…
Sikich LLC, a global technology-enabled professional services company, has secured a $250 million minority growth investment from Bain Capital, maintaining majority control of the…
Delhi ITAT ruled that receipts from software services provided by a foreign entity to Indian oil companies, resembling business profits, are not taxable in India in the absence of…
The 608th meeting of the Central Board of Directors of the Reserve Bank of India was convened in Mumbai today under the leadership of Shri Shaktikanta Das, Governor. The Board…
India’s central bank, the Reserve Bank of India RBI , is anticipated to pay a substantial dividend of up to Rs 1 trillion $12 billion to the federal government, according to…
India is engaged in discussions with Sri Lanka regarding the potential acquisition of graphite mines in the island nation. Graphite, a crucial material used in lithium-ion and…
According to the GoDaddy global entrepreneurship survey, 94% of small business owners in India believe implementing AI would yield positive outcomes, primarily enhancing customer…
Rajesh Sharma, MD & CEO of Capri Global, highlights the growth opportunities for MSMEs amid India's expanding infrastructure, such as highways and railways. He notes that MSMEs…
The stock prices of listed companies in India have surged ahead of the country's gross domestic product GDP growth, with the market capitalization mcap of all BSE-listed and…
Southeast Asian countries like Cambodia, Myanmar, and Laos have become major hotspots for cybercrimes, with nearly 48% of financial frauds in India originating from these regions,…
SEBI's new guidelines aim to mitigate stock price impacts from market rumours, ensuring that prices used in M&A, buybacks, and other transactions are not artificially influenced…
The Reserve Bank of India's central board met and decided to transfer a record surplus of Rs 2.11 trillion to the government for the fiscal year 2023-24 FY24 , more than double…
The Delhi High Court will hear Tesla Inc's trademark infringement case against Gurugram-based Tesla Power India Pvt Ltd on May 28. Initially scheduled for a hearing on Wednesday…
Mahindra & Mahindra Financial Services has secured a Corporate Agency License from IRDAI, allowing it to serve as a corporate agent under the Insurance Act, 1938. This license…
Shriram General Insurance Company Ltd announced a net profit of Rs 121 crore for the January-March 2024 quarter. The company, jointly owned by Shriram Group and South Africa-based…
The Insurance Regulatory and Development Authority of India IRDAI has mandated insurance companies to obtain prior approval for appointing their Board Chairperson, effective…
The NCLAT Delhi, comprising Justice Ashok Bhushan, Mr. Barun Mitra, and Mr. Arun Baroka, upheld the initiation of Corporate Insolvency Resolution Process CIRP against Topaki Media…
SEBI announced AV presentations for public issue offer documents, covering key disclosures in DRHP, RHP, and Price Band Ads, in English and Hindi. Investors are cautioned against…
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