CATEGORIES

Delhi High Court: Revenue Department Cannot Take Fresh Ground Which Was Not Disclosed To Taxpayer, While Passing Re-assessment Under Section 148A(D)

The Delhi High Court in the case Tosca Master vs. Deputy CIT observed and has found major flaw in the fundamental premise of the Revenue Department that the investment made by the taxpayer in shares amounted to ‘income’ which has escaped assessment.

Allahabad High Court Rejects PIL Seeking Clarification From UP Government That It Is Not Working Under BJP's Command

The Supreme Court in the case Manjesh Kumar Yadav vs. State of U.P. and 3 others observed and has dismissed the Public Interest Litigation, PIL petition filed seeking a direction to the state government to clarify that it not working under the commands of the Bharatiya Janata Party, BJP.

Declining bank deposits raise concerns about NBFC's fundraising capacity: Report

Amid the concerns of declining deposits at banks, CareEdge Ratings anticipated that the credit-deposit ratios may pose a concern to the Non-Banking Financial Companies (NBFCs).

SEIL to boost Andhra power supply with new unit

Oman-based Tanweer Infrastructure Pte Ltd, which operates one of India’s largest independent power plants in Andhra Pradesh, is set to enhance the state’s power supply.

RBI EXPECTED TO BEGIN RATE CUTS IN OCTOBER: CRISIL

The Reserve Bank of India (RBI) may begin lowering interest rates around October, provided that external factors like weather conditions and international commodity prices do not cause any disruptions, the credit rating agency, Crisil said in its report.

A major shift in consumer preferences towards larger homes': Anarock report

The average flat sizes in India’s top seven cities have surged by 32 per cent over the past five years, with the National Capital Region (NCR) witnessing a significant 96 per cent growth, the Anarock Group said in the latest report.

Kriti Nutrients' launch new campaign

As we navigate the aisles of life, we often overlook the unsung heroes who make our daily experiences a little brighter.

GLOBAL M&A TRANSACTION VALUE RISES IN H1 2024 DESPITE DECLINE IN DEAL VOLUMES: S&P GLOBAL

Global mergers and acquisitions (M&A) have seen a notable increase in total transaction value during the first half of 2024, despite a decrease in deal volumes, according to S&P Global Market Intelligence's second quarter (Q2) 2024 Global M&A and Equity Offerings Report.

IYDF and Home Kreations Join Forces to Illuminate the Lives of Orphanage Children

In the heart of Kanpur, at the Dada Nagar Pul orphanage, Par Upkari Seva Samiti, the International Youth Development Foundation (IYDF) in collaboration with local business Home Kreations, organized a heartfelt aid event.

Amazon Web Services to expand data center operations

Amazon Web Services is keen on significantly expanding its data centre operations in Telangana, augmenting AI offerings in a big way.

SEBI CHAIRPERSON MADHABI BUCH, HUSBAND DENY HINDENBURG ALLEGATIONS

Shortly after US-based short seller Hindenburg Research on August 10 alleged that SEBI Chairperson Madhabi Buch and her husband had stakes in “both the obscure offshore entities used in the Adani money siphoning scandal,” the SEBI Chairperson and her husband issued a joint statement rejecting the allegations.

Asia's gold inflows reach USD 438 mn in July

Asia continued its streak of attracting gold investments, extending its inflow momentum to 17 consecutive months with a USD 438 million influx in July, according to World Gold Council report.

360 One Wam says its offshore fund had zero investments in Adani shares

In a stock exchange filing on Sunday, 360 One Wam Limited, formerly known as IIFL Wealth Management Limited, said its IPE-Plus Fund 1 had made zero investments in any shares of the Adani Group -- either directly or indirectly.

Declining bank deposits raise concerns about NBFC's fund raising capacity

Amid the concerns of declining deposits at banks, CareEdge Ratings anticipated that the credit deposit ratios may pose a concern to the Non-Banking Financial Companies (NBFCs).

RBI expected to begin rate cuts in October, with two reductions this fiscal: Crisil

The Reserve Bank of India (RBI) may begin lowering interest rates around October, provided that external factors like weather conditions and international commodity prices do not cause any disruptions, the credit rating agency, Crisil said in its report.

109 HIGH YIELDING SEEDS UNVEILED BY PM MODI

Prime Minister Narendra Modi on Sunday released 109 high-yielding, climate-resilient, and biofortified varieties of crops at the Indian Agricultural Research Institute (IARI) in New Delhi.

OVER 1.4 LAKH STARTUPS RECOGNISED IN INDIA; 67,499 HAVE WOMEN DIRECTORS

India’s startup ecosystem continues to thrive, with a significant milestone of over 1.4 lakh entities recognized as startups by the Department for Promotion of Industry and Internal Trade (DPIIT) as of June 30, 2024. Among these, an encouraging 67,499 startups have at least one woman director, underscoring the growing role of women in entrepreneurship.

Chamber of Spain and ISCC meet FICCI and CII

The Chamber of Spain (Cámara de España, Madrid) along with Indo Spanish Chamber of Commerce (ISCC) met with the Federation of Indian Chambers of Commerce and Industry (FICCI) in New Delhi on Wednesday to foster economic development and bilateral trade between Spain and India.

Court rules on SGPC petition, cautions against favouritism

The Punjab and Haryana High Court has recently concluded the hearing of the SGPC’s petition, which contested the temporary release of the imprisoned Dera Sacha Sauda chief.

NO PROVISION FOR CREAMY LAYERS IN SC/ST QUOTA: CENTRE

Union Minister Ashwini Vaishnaw recently stated that the Constitution, as drafted by BR Ambedkar, doesn’t include a provision for a creamy layer within the reservations for Scheduled Castes and Scheduled Tribes.

TVS Motor introduces colours to TVS NTORQ lineup

TVS Motor Company (TVSM), a leading global automaker that operates in the two and three-wheeler segments, today announced the launch of new colour variants to the TVS NTORQ 125 and the Race XP series.

Mahindra 'Thar ROXX' SUV arriving on August 15

Mahindra & Mahindra Ltd., India’s leading SUV manufacturer, today announced the brand name of its newest SUV; called the Mahindra ‘Thar ROXX’. Known for setting new standards in the automotive industry and as the manufacturer of authentic SUVs, Mahindra’s latest offering is - ‘THE’ SUV - a vehicle designed and engineered to offer an unmatched blend of sophistication, performance, presence, safety, and technology.

Steel production hits 144.3 mn tonnes in 2023-24. robust rural investment

The Ministry of Steel has reported a significant increase in crude steel production, which reached 144.3 million tonnes (Mt) in the fiscal year 2023-24, compared to 109.14 Mt in 2019-20.

AMARA RAJA-PIAGGIO INDIA MOU TO DEVELOP LI-ION CELLS

Amara Raja has signed a Memorandum of Understanding (MoU) with Italian motor vehicle manufacturer Piaggio India to develop and supply LFP (Lithium Iron Phosphate) Lithium-Ion (Li-ion) cells and chargers for its electric vehicles, the company said in its stock market filing on Saturday.

Cabinet extends PMAY-G for 2 cr rural homes by 2029

The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the proposal for the implementation of the “Pradhan Mantri Awaas Yojana - Gramin (PMAY-G).”

TRIL SOARS WITH 103% REVENUE GROWTH

Transformers and Rectifiers (India) Ltd or TRIL was incorporated in 1994 and is today a leading manufacturer of power, furnace, and rectifier transformers in the country with a capability to develop world-class power, distribution, furnace, and specialty transformers.

FPIs exit Indian market: Rs 12,405 crore sold in August

Foreign Portfolio Investors (FPIs) turned net sellers in the Indian stock market, offloading equities worth Rs 12,404.73 crore during the week of August 5 to 9.

Centre approves investment of Rs 10,501 cr in ONGC Petro additions Ltd

The central government has granted an approval letter to Oil and Natural Gas Corporation Limited (ONGC) to invest significantly in ONGC Petro additions Limited (OPAL), the company informed the exchange in a filing.

In FY24, 272 companies went public as compared to 164 in FY23: SEBI

India's Initial Public Offering (IPO) market witnessed a resurgence in 2024, with a total of 272 companies going public compared to 164 during the previous fiscal year, highlights a report by SEBI.

Cabinet approves enhanced PMJI-VAN Yojana for biofuels

The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the modified Pradhan Mantri JI-VAN Yojana to attract more investment in the field of biofuels.