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The Ahmedabad bench of CESTAT has ruled that CENVAT credit remains permissible on job work service tax. The tribunal held that the tax exemption was entirely optional and authorities cannot dispute tax payments already accepted from service providers. This decision offers clarity for manufacturers utilizing external job work services.
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The Supreme Court has dismissed evidence concerning an unpleaded 1965 partition in a family property dispute. The bench upheld a subsequent 1984 family partition alongside a disputed property sale, ultimately allowing the appeals. This judgment reinforces fundamental civil procedure rules regarding pleadings and evidence.
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Shares of Hindustan Unilever have dropped nearly 20% in 2026, marking the stock's worst annual trajectory since 2004. Persistent cost pressures from raw materials, lowered growth projections, and subdued consumer demand have weighed heavily on the broader FMCG industry.
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Employees of IDBI Bank have formally expressed opposition against the proposed divestment of stake to Fairfax. The workforce resistance highlights ongoing concerns regarding ownership transition and institutional future. Further developments depend on stakeholder negotiations and regulatory approvals.
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Local businesses applied to secure $8.13 billion through external commercial borrowings in August. This figure marks a six percent growth compared to the $7.70 billion recorded in the prior month. Flipkart Internet and Power Finance Corporation stand out among the entities pursuing large foreign loans.
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US-based accounting firm Inkle, operating technical functions in India, has acquired the bookkeeping division of Finally. This strategic transaction includes an expansion of the company's workforce. The move strengthens Inkle's operational footprint across its international markets.
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Acharya has publicly detailed the professional journey transitioning from the United States to involvement with the Zetwerk initial public offering. The account outlines the experiences and milestones encountered across different corporate ecosystems. This narrative provides insight into leadership roles within high-growth manufacturing unicorns.
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Projections indicate that consumption of liquefied petroleum gas in India will decrease by 100,000 barrels per day by 2026. Simultaneously, worldwide gasoline demand faces a projected reduction of 330,000 barrels per day. This global gasoline figure reflects a downward revision of 450,000 barrels daily compared to pre-conflict expectations.
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United Spirits has chosen Sameer Chugh as its India general counsel, with his tenure starting on December 1, 2026. Chugh transitions from Games24x7, bringing over three decades of legal experience in regulated industries. He succeeds Shobana Nikam, whose departure is scheduled for October 31, 2026.
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Alphabet shares plunged thirteen percent after third-quarter results disappointed investors due to massive artificial intelligence spending. Net profit decreased twenty-five percent to $26.17 billion despite revenue climbing twenty-five percent to $127.58 billion. The company recorded a negative free cash flow of $9.1 billion alongside surging capital expenditures.
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The Mumbai bench of the Income Tax Appellate Tribunal sustained the removal of a ₹49.68 crore subcontract disallowance. Simultaneously, the tribunal upheld a 12.5 percent profit estimation applied to disputed bogus purchases. The ruling emphasizes that lack of response from a subcontractor does not automatically prove transaction invalidity.
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Pistachio prices have climbed by thirty to forty percent ahead of the festive season. Meanwhile, almond rates registered a twenty percent increase alongside minor price adjustments in other commodities. These price hikes are expected to alter the traditional assortment of items included in festival gift boxes.
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