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PROHIBITION OF BENAMI PROPERTY TRANSACTIONS
India bans 16 fixed-dose drug combinations over safety concernsIn a significant public health initiative, the ban on 16 fixed-dose drug combinations, including various antibiotics and topical formulatio...
Indian buyers return cautiously to Dubai realty market after US-Iran deal, ticket sizes fallIndian property investors are returning to Dubai cautiously, with inquiries down and a shift towards smaller, rental-yield focused investme...
Luxury homes emerge as wealth play? Madhusudan Kela buys apartment at DLF’s The DahliasDLF has sold a residential apartment in its ultra-luxury project The Dahlias in Gurugram to Kela for Rs 120.71 crore, according to media re...
Institutional ownership narrows office supply as outright demand holds upIndia’s office real estate market is shifting towards a leasing-led model, with developers, REITs and institutional investors increasingly ...
Wipro to buy 20% stake more in Aggne Global for $2 millionWipro is set to acquire a further 20% stake in Aggne Global IT Services Private Limited. This move will boost Wipro's ownership in Aggne Gl...
Sebi warns against unlisted share tradesThe Securities and Exchange Board of India (Sebi) has issued a stern warning to investors against trading securities of unlisted public com...
Financial Intelligence Unit puts large crypto OTC deals under scanner, asks exchanges for trade dataIndian financial authorities are examining large over-the-counter cryptocurrency trades. The Financial Intelligence Unit is requesting data...
Can DigiLocker replace your bank locker? What you need to know about storing important documentsIndians face a choice between traditional bank lockers and the government's DigiLocker for important documents. While DigiLocker offers con...
Sebi drops proceedings against Prime Focus in misleading financials caseSebi has closed adjudication proceedings against Prime Focus and its directors, ruling that the company correctly accounted for business tr...
Actor Kalki Koechlin sells Andheri West apartment for Rs 2.55 crore; Check Mumbai property price trendActor Kalki Koechlin has sold her Mumbai apartment in Andheri West for Rs 2.55 crore. The property was purchased in December 2015 for Rs 1....
Son emerges after father’s death, secures house keys, step uncle challenges it and prevails; HC says only civil court can decide property rightsA property dispute between a deceased man's son and his stepbrother has reached the Calcutta High Court. The court has ruled that only a ci...
RBI releases final guidelines on marketing, sales incentives of financial productsRBI has prohibited third-party incentives to employees of regulated entities for selling financial products, while allowing banks and NBFCs...
Maharashtra’s Ready Reckoner revamp may align valuations with market realitiesIn a bold move, Maharashtra is gearing up to implement micro-zoning alongside tailored Ready Reckoner rates, a shift designed to refine pro...
Bollywood star Kriti Sanon, her mother and sister, sell Andheri West apartments for Rs 8.9 crore; check the Mumbai price trendBollywood actor Kriti Sanon, her mother Geeta Sanon, and sister Nupur Sanon have sold four apartments in Andheri West for Rs 8.9 crore. The...
Paid tax on black money? 7 reasons you can still lose it all
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...
Informal ‘benami’ investments may now face confiscation; Supreme Court ruling puts family property deals under scannerWhere family arrangements are involved, they must comply with legal conditions, including joint ownership where required. Informal arrangem...