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BENAMI TRANSACTION PROHIBITION ACT
Promoters with fraud loan A/Cs may not get to join other companies as directorsThe move follows concerns raised by banks, citing cases where such promoters continue to hold directorships elsewhere. Existing laws do not...
Tamil Nadu govt moves SC against Madras HC ban on cow slaughterTamil Nadu has approached the Supreme Court, challenging a Madras High Court order that prohibited cow and calf slaughter entirely. The sta...
NCLAT revives IL&FS plea in Rs 1,080 crore circuitous transactions, sets aside NCLT orderThe National Company Law Appellate Tribunal (NCLAT) has revived IL&FS's plea concerning Rs 1,080 crore in alleged circuitous lending transa...
UPI volume eases 2.1% in June to 22.72 billion from May peakUPI processed 22.72 billion transactions in June, a slight dip from May's record, but daily averages hit an all-time high. Despite fewer da...
Tamil Nadu govt moves Supreme Court against Madras High Court order banning cow slaughterTamil Nadu has approached the Supreme Court challenging a Madras High Court order that imposed a complete ban on cow and calf slaughter. Th...
Uttarakhand Minority Education Act comes into force, Madrasa Board Act repealedUttarakhand's Minority Education Act is now in effect, replacing the Madrasa Education Board Act. Chief Minister Pushkar Singh Dhami stated...
Stock traders' alert: When income tax audit becomes mandatory for AY 2026-27Stock market traders, especially those involved in intraday and F&O trading without a registered business, need to understand tax audit rul...
RBI opens bank lending for acquisitions under new frameworkIndia's banking sector is set for a major overhaul with the RBI's new acquisition finance framework, effective today. This move integrates ...
Indian Railways to hike penalties: Ticketless travel, women's coach entry, misuse of facilities to attract higher finesNew Railway Act amendments, effective July 2026, significantly hike penalties for common travel offenses. Travelling without a ticket now i...
Firstsource Solutions CFO Dinesh Jain violates insider trading codeFirstsource said the violation was procedural and unintentional. The company informed the stock exchanges that Jain had proactively disclos...
From QR codes to fraud risks: 7 essential UPI facts every user should knowWe begin this new series with Bala, a curious young learner, as he explores money concepts. His first lesson: understanding UPI and digital...
Centre eases metrology rules for first-time violators; says fix it first, face action laterUnder the Legal Metrology Act, businesses can address minor first-time procedural errors without incurring immediate penalties. The newly i...
Sebi rejects Anil Ambani's Reliance Infra settlement applicationIndia's market regulator has rejected Anil Ambani's settlement bids concerning allegations of misusing nearly $700 million in company funds...
FEMA rules revision: Exporters flag at least half-a-dozen worriesIndian exporters are urging the Reserve Bank of India to reconsider revised FEMA regulations, citing potential disruptions to trade and liq...
ED arrests prime accused Harpreet Talwar in 3000 kg Mundra port Heroin seizure caseEnforcement Directorate has arrested Harpreet Singh Talwar, a key figure in a money laundering probe linked to a massive heroin seizure at ...
SFIO to probe Rajesh Exports over SEBI's fraud allegationsAuthorities are intensifying scrutiny on Rajesh Exports. The Serious Fraud Investigation Office will probe the gold refining giant followin...
ED carries out searches at locations linked to Rajesh ExportsThe Enforcement Directorate conducted searches at nine locations linked to Rajesh Exports in Bengaluru and Mumbai concerning alleged forex ...
Shopify to ban vapes as US authorities crack down on illegal e-cigarettes industryShopify is poised to ban all vape sales from its platform this week, responding to pressure from U.S. state attorneys general. This move ta...
Kalshi bars India users after govt bans prediction marketsUS-based prediction market Kalshi has now officially restricted Indian users from trading, following government action against such platfor...
Paying tax won't legitimise cash stashesThe taxman is tightening its grip on undeclared cash, with a recent tribunal ruling allowing the benami wing of the Income Tax department t...