Banking And Finance
Income Tax: Can a third-party document alone lead to a tax demand? ITAT says no
The Delhi bench of the Appellate Tribunal (ITAT) has ruled that the Income Tax Department cannot make additions for alleged undisclosed income merely on the basis of a loose sheet…
Can GST officers issue a fraud notice without proof? Madras HC explains
The Madras High Court has ruled that GST officers need not conclusively establish fraud before issuing a notice under Section 74 of the CGST Act. The judgment clarifies the legal…
AI and robots can replace coders, but not nurses, labourers or teachers: Report finds jobs costliest to automate
Despite rapid advances in and robotics, many physical and care-based jobs remain far too expensive to automate. A June 2026 report by Planera found that replacing workers in professions such…
EPFO VISHWAS 2026 explained: Who is eligible for lower PF penalties? All FAQs answered
The (EPFO) has launched VISHWAS 2026, a one-time dispute resolution scheme that enables eligible employers to settle pending disputes over damages imposed for delayed provident fund (PF) contributions by paying…
Market
Cube Highways Trust IPO: Price band set at ₹151-152/unit for ₹5,000 cr public issue
Cube Highways Trust on Wednesday fixed the price band at ₹151-152 per unit for its ₹5,000 crore public Infrastructure Investment Trust (InvIT) issue, which will open for subscription on July…
SBI Funds Management IPO fully subscribed by midday on Day 2, NIIs lead demand
Twas fully subscribed by midday on the second day of bidding, led by strong demand from non-institutional investors. The ₹11,693-crore IPO was subscribed 1.24 times as of 11.45 am. The…
Govt bonds gain as soft US inflation cools Fed rate hike bets
Indian government bonds rose in early deals on Wednesday, after a soft inflation print in the world’s largest economy eased concerns of an immediate rate hike by the Federal Reserve.…
Omega Seiki Mobility seeks ₹125 crore in pre-IPO funding to fuel EV expansion
Faridabad-based Omega Seiki Mobility (OSM), maker of the Rage+ cargo electric three-wheeler and Stream City passenger electric three-wheeler, is evaluating a public listing while seeking to raise around ₹125 crore…
Market
Rupee at 96, soaring lithium and copper prices cloud auto industry’s festival season outlook
India’s automobile makers are entering the festival season with robust demand, but their biggest challenge is no longer selling more vehicles; it is protecting profits. A record-low ₹96.18 per dollar…
Passenger vehicle dispatches rise 24.1% at 3,88,144 units in June: SIAM
Domestic passenger vehicle dispatches from companies to dealers rose 24.1 per cent year-on-year to 3,88,144 units in June this year, industry body SIAM said on Wednesday. Passenger vehicle dispatches stood…
Sun Pharma gets go-ahead to sell generic semaglutide in South Africa
Drugmaker Sun Pharmaceutical Industries has received the green signal from the South African Health Products Regulatory Authority (SAHPRA) to manufacture and market a generic version of semaglutide injection in South…
Anupam Rasayan signs $300 mn LOI with Spain’s BasqueVolt for battery chemical supply
Anupam Rasayan India Ltd said on Wednesday it has signed a non-binding Letter of Intent (LOI) with Spanish solid-state battery developer BasqueVolt SA to explore supplying a specialty chemical product…
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