In a significant legal development, the National Company Law Appellate Tribunal (NCLAT) on Monday, December 23, 2024, upheld the National Company Law Tribunal’s (NCLT) order, which approved Sapphire Media’s resolution plan for Reliance Broadcast Network Ltd (RBNL), the company behind the popular Big 92.7 FM radio network. The NCLAT dismissed the appeals filed by the …
The start of 2025 set to witness the return Shark Tank India with its its fourth season, bringing with it a fresh wave of entrepreneurial spirit and a panel of esteemed investors ready to make deals. This season sees the return of familiar faces alongside exciting new additions, promising a dynamic and engaging viewing experience. …
In a landmark announcement, Japan’s Nissan and Honda revealed plans to merge, setting the stage for a transformative shift in the global automotive industry. The two companies signed a memorandum of understanding, initiating discussions to establish a joint holding company by August 2026. This Nissan and Honda merger, expected to be finalised by mid-2025, positions …
The Goods and Services Tax (GST) Council, in its 55th meeting held in Jaisalmer, took up several contentious issues but deferred decisions on some key matters. This article covers the major updates from the meeting, including discussions on food delivery, insurance premiums, popcorn varieties, and used electric vehicles. Deferment of GST Rate Cuts on Food …
The market regulator Securities Exchange Board of India (SEBI) has identified a case of front-running involving an equity dealer from PNB Metlife India Insurance. The dealer, Sachin Dagli, along with his associates, illicitly gained profits over a span of 3 years through unauthorised trading activities. As a result of the findings, SEBI has issued an …
Popcorn, the quintessential snack for movie lovers, has sparked an online debate—this time not over flavors but taxes. The spotlight is now on caramelised popcorn, which attracts a higher GST rate than its salted counterpart. So, what’s the catch? Let’s dive into the details. The Sweet Divide: Understanding GST Rates Currently, the Goods and Services …
The Goods and Services Tax (GST) Council has approved an increase in the GST rate on the sale of old and used vehicles from 12% to 18%. This revision applies to vehicles sold by businesses that claim depreciation and sell vehicles on a margin basis. However, individual buyers and sellers of old vehicles will continue …
The Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (PM-JAY) is a government-backed health insurance scheme aimed at providing free medical coverage to vulnerable sections of society, including senior citizens above 70 years of age. Beneficiaries can avail of health coverage of up to ₹5 lakh annually, ensuring access to quality medical care without financial burden. …
The fiscal year 2024 marked another milestone for India’s States in managing their finances effectively. By maintaining the gross fiscal deficit (GFD) at 2.9% of GDP, they not only adhered to the Fiscal Responsibility Legislation limit of 3% but also displayed resilience amidst economic pressures. However, challenges such as debt reduction, subsidy rationalisation, and reforms …
On December 19, 2024, the BSE Sensex and NSE Nifty50 experienced significant losses, both dropping over 1%. The decline followed hawkish remarks from US Federal Reserve Chairman Jerome Powell, which triggered a global market sell-off. The BSE Sensex ended the day 964.15 points, or 1.20%, lower at 79,218.05. During the session, it fluctuated between 79,516.17 …
