CATEGORIES

JHARKHAND HIGH COURT: REOPENING NOTICE ISSUED UNDER SECTION 148 MERITS TO BE QUASHED IF BARRED BY LIMITATION PERIOD PRESCRIBED U/S 149 OF THE ACT

The Jharkhand High Court in the case M/s. Sevensea Vincom Private Limited Verses Principal Commissioner of Income Tax observed and has ruled that the very initiation of reassessment proceeding is wholly without jurisdiction.

British retail rebound offers hope for recession-hit economy

U.K. retail sales rebounded by 3.4% after a grim December, according to the Office for National Statistics, the strongest monthly gain since April 2021.

SINGAPORE BOOSTS AI AMBITIONS WITH $740M INVESTMENT PLAN

Over the next five years, Singapore plans to inject more than 1 billion Singapore dollars equivalent to approximately 743 million) to enhance AI capabilities

EU to fine Apple 500M Euros in Antitrust crackdown

Nibe Limited unveiled its latest state-of-the-art plant in Pune, in a stride towards bolstering indigenous defence manufacturing capabilities.

Nibe Ltd launches advanced defence component plant in India

Nibe Limited unveiled its latest state-of-the-art plant in Pune, in a stride towards bolstering indigenous defence manufacturing capabilities.

Kanlet secures $400K pre-seed funding led by Suvan for AI sales platform

Kanlet.ai, which uses artificial intelligence (AI) to assist other companies' sales, has raised $400,000 in pre-seed funding led by Suvan Ventures and angel investors.

TATA ADVANCED SYSTEMS & AIR INDIA TO INJECT RS 2,300 CR INTO KARNATAKA

Air India and Tata Advanced Systems Limited TASL) are set to invest Rs 2,300 crore in various projects in Karnataka

Mitsubishi enters Indian car market with 30% stake in TVS Mobility

JM Tapanese trading giant Mitsubishi Corporation is set to venture into the Indian car sales business this summer by acquiring a stake of more than 30 per cent in TVS Mobility, which operates car dealerships nationwide.

Zomato to expand Blinkit direct-to-consumer to challenge E-commerce giants

Zomato, known primarily for its food delivery services, is gearing up for a significant expansion into the fast-growing direct-to-consumer (D2C) space through its 10-minute delivery platform, Blinkit, according to a report by the Economic Times (ET).

60% still get 3 spam calls daily; individuals selling realty top offenders

A recent survey conducet Lducted by LocalCircles unveiled that despite efforts to curb pesky calls, around 60% of Indians are still receiving three or more spam calls daily, with the majority of these calls originating from companies peddling real estate and financial services.

Record 4.35 lakh homes completed in top Indian cities in 2023

The Indian housing The ene a remarkable surge in activity during 2023, marked by record-high sales and a flurry of new launches across the top seven cities.

TN GOVT PRESENTS BUDGET, REVENUE DEFICIT RS 49K+CR: FISCAL DEFICIT SEES INCREASE

Thangam Thennarasu, who replaced PTR Palanivel Thiagarajan as FM in 2023, presented his maiden budget

Sugar output down 2.48% to 22.36 MT till 15 Feb of MY 2023-24

Inits second estimate, the ISMA has projected sugar output to decline by 10% to 33.05 MT in the current 2023-24 marketing year, as opposed to 36.62 MT in the last year.

DBS Bank, Govt investor protection body ink MoU to enhance vigil on fraudulent schemes

The Investor Education and Protection Fund Authority (IEPFA) under the aegis of the Ministry of Corporate Affairs (MCA) and DBS Bank with a strong presence in Asia and Southeast Asia on Monday signed a Memorandum of Understanding (MoU) wherein IEPFA will leverage on diverse digital platforms of DBS Bank to disseminate safety messages on investment and fraudulent schemes.

Centralised processing filings operationalised, of corporate boosts EoDB

Giving further impetus to the mission of enhancing ‘Ease of Doing Business’ (EoDB), the Government has established a Central Processing Centre (CPC) to process forms filed as part of various regulatory requirements under the Companies Act and Limited Liability Partnership Act (LLP Act) in a centralised manner, requiring no physical interaction with the stakeholders.

Tea exports dip to 207.14 mkgs during Jan-Nov 2023

According to official data, tea exports from India have declined by 1.17 per cent to 207.14 million kilograms during the January-November period of 2023.

PROLONGED CRISIS MAY LEAD TO DOWNWARD GROWTH REVISION FOR INDIA, B'DESH: BMI RESEARCH

Trade distance, weighted by trade with individual trading partners, increased by around 30 per cent for Pakistan and India. By contrast, trade distance only increased by 2.5 per cent for Australia and 0.4 per cent for New Zealand

OpenAI Employees Cash Out At 86 Billion Valuation

OpenAI, the renowned artificial intelligence (AI) startup, is poised to become one of the most valuable startups globally with a tender offer valuing the company at $86 billion.

SGNP officials work diligently to reunite leopard cubs with missing mother

Efforts are underway at Sanjay Gandhi National Park (SGNP) as officials tirelessly work towards reuniting three leopard cubs with their missing mother.

THREE MEN ARRESTED FOR ILLEGAL ENTRY GRANTED BAIL IN MUMBAI

Three individuals, arrested by the Colaba police for unlawfully entering India on a boat from Kuwait, were released on bail by the Esplanade court on Saturday.

Javed Akhtar inaugurates the Urdu Festival

The Bhendi Bazaar Urdu Festival, organized by Urdu Markaz, marked its fourth edition with a grand inauguration on Saturday evening at the Imambada Municipal School, Dongri. The event was graced by the presence of eminent screenwriter and lyricist Javed Akhtar.

Akshay Kumar, Tiger Shroff flag off 5km marathon from Atal Setu

Actors Akshay Kumar and Tiger Shroff flagged off L&T Sea Bridge Marathon from Atal Setu Bridge in Mumbai on Sunday morning.

MANN+HUMMEL, OK PLAY INDIA UNVEIL INNOVATION APPROACH TO COMBAT AIR POLLUTION

OK Play India Limited and global filtration solutions company MANN+HUMMEL, in association with the Indo-German Chamber of Commerce, hosted a symposium to create awareness on air pollution causes, effects, and solutions in the national capital on February 15, 2023.

PUNJAB AND HARYANA HIGH COURT IMPOSED RS 10 LAKH COST ON LITIGANT WHO SOUGH QUASHING OF CHEATING CASE AFTER LEAVING COUNTRY WITHOUT COURT'S PERMISSION

The Punjab and Haryana High Court in the case observed and has taken action against 'misuse of the legal process and for filing of 'frivolous litigation' wherein the court imposed the cost for an amount of Rs. 10 lakhs on a man who fled the country in disobedience of the Court's directions and subsequently filed a petition seeking quashing of the cheating case against him.

ANDHRA PRADESH HIGH COURT DECLINED T0 EXTEND INTERIM STAY ON THEATRICAL RELEASE OF RAJDHANI FILES’ MOVIE

The Andhra Pradesh High Court in the case observed and has decided not to extend the interim stay granted for the theatrical release of the 'Rajdhani files' after being satisfied that prima facie the certificate was granted in accordance with the Cinematograph Act, 1952.

DELHI HIGH COURT ALLOWS SECTION 11 PETITION; ARBITRATION CLAUSE IS NOT VOID UNDER SECTION 29 OF CONTRACT ACT FOR STIPULATING MULTIPLE CHOICE OF SEATS

T he Delhi High Court in the case Vedanta Limited vs Shreeji Shipping observed and has held that if an arbitration agreement stipulates multiple seats of arbitration, thereby, offering a choice to the parties is not void under Section 29 of the Indian Contract Act, 1872 declares agreements uncertain in meaning or incapable of being made certain as void.

New guidelines for arrest, smuggling reports issued

The Central Board Indirect Taxes and Customs (CBIC) has implemented revised guidelines aimed at bolstering the reporting of arrests, smuggling incidents, and commercial frauds by customs officers.

MEGHALAYA AIMS 10B ECONOMY, NEEDS 11.5% ANNUAL GROWTH BY 2028

The NESIDS-funded Bulk Water Supply Project seeks to provide water to 41 villages in Garo Hills districts and enhance Tura town’s urban water supply, reducing reliance on the Tura Urban Water Supply Scheme.

Railway giant RVNL pees BB AAT et Deets

Rail Vikas Nigam Ltd (RVNL) has reported that its order book has surged to Rs 65,000 crore, with approximately 50 percent of projects being attributed to railway ventures.

Govt doubles FCI’s authorised capital

The government announced on Saturday its decision to increase the authorized capital of the staterun Food Corporation of India (FCI) from Rs 10,000 crore to Rs 21,000 crore.