Execute Your Financial Knowledge

LIVE · 45 sources 9 govt trackersNews, AI answers, laws & deadlines — fresh every 10 min.

Finance Dose

Everything a finance person must know - re-brewed every 10 minutes

AI curated

Live Updates

381 stories
Income Tax

Gujarat High Court Quashes Tax Reopening Notice Based on Disconnected Broker Register

The Gujarat High Court has set aside a Section 148 notice issued to an assessee. It ruled that a seized broker register showing asking prices failed to establish a direct connection to any alleged on-money land transaction.

Effective Not specified in the update

For professionals: Tax authorities cannot issue Section 148 reassessment notices based solely on a seized broker register that lacks a live functional connection to the assessee. · Reopening past assessments requires concrete evidence and an operational nexus proving that recorded asking prices translated into actual cash exchanges involving the taxpayer. · Legal proceedings establish that tax officers must possess tangible material showing income has escaped assessment rather than relying on mere suspicions derived from third-party records.

Open for the full story →

Taxguru38m ago 1 min
GST

GSTAT Raipur enforces 200 percent IGST penalty over expired transport papers

The Raipur bench of the Goods and Services Tax Appellate Tribunal sustained two separate penalties levied for moving consignments with e-way bills that lapsed six days prior. It dismissed assertions of vehicle breakdown due to a lack of evidence and set aside the argument regarding interstate stock transfers.

Effective Not specified in the update

For professionals: The Goods and Services Tax Appellate Tribunal at Raipur sustained two financial penalties equal to 200 percent of IGST against a taxpayer. · The tribunal rejected defense arguments claiming vehicle breakdown due to a lack of verifiable proof and dismissed attempts to classify the movement as an interstate stock transfer. · Tax practitioners must advise corporate logistics clients that transit delays require proper documentation or formal extensions rather than post-facto justifications during departmental interceptions.

Open for the full story →

Taxguru44m ago 1 min
Markets

Reliance Industries publishes historic revenue and net profit figures for Q2 FY27

Reliance Industries Limited has officially submitted its second-quarter financial performance for fiscal year 2027 to the National Stock Exchange. The corporate filing details record-shattering growth across both top-line revenue and bottom-line net profit metrics for investors and market analysts.

Effective Not specified in the update

For professionals: Reliance Industries Limited released financial performance data for Q2 FY27 through a formal regulatory filing submitted to the National Stock Exchange. · The announced figures highlight expansion across revenue streams and net earnings. · Financial analysts and portfolio managers should thoroughly examine the detailed disclosures to gauge operational momentum across business segments.

Scrips: Reliance Industries

Open for the full story →

Taxguru49m ago 1 min
Business

Chennai NCLT Rules Pre-COVID Defaults Lack Section 10A Protection

NCLT Chennai initiated corporate insolvency proceedings against Karthik Travels. The tribunal confirmed unpaid dues exceeding ₹1 crore alongside failed settlement talks. It ruled that historical defaults predating the pandemic do not qualify for immunity under Section 10A.

Effective Not specified in the update

For professionals: Practitioners handling financial default cases must carefully verify the exact timeline of default before advising corporate clients on Section 10A IBC protections. Pre-COVID loan defaults are ineligible for statutory shielding under Section 10A of the Insolvency and Bankruptcy Code. Creditors retain full statutory rights to trigger insolvency proceedings for defaults incurred before the designated pandemic disruption window if unpaid dues breach the statutory threshold.

Open for the full story →

Taxguru50m ago 1 min
Markets

Sensex Breaks Losing Streak in October Driven by Foreign Inflows

The Sensex snapped a consecutive two-month decline during October propelled by returning foreign investments. However, market sentiment remained tempered due to crude oil prices hovering past $110 and lingering uncertainty regarding ongoing foreign capital participation.

Effective Not specified in the update

For professionals: Evaluate commodity-linked inflation pressures alongside headline index movements when advising clients. · Monitor crude price fluctuations and monthly foreign institutional trading data to manage equity exposure effectively.

Open for the full story →

LiveMint Markets51m ago 1 min 1
GST Govt

CBIC Directs Interim Halt on GST Arrests and Minor Notices

The CBIC ordered tax officers to immediately halt arrests, curtail vehicle inspections, and refrain from issuing show cause notices for amounts under Rs. 10,000. These directives serve as interim measures pending formal statutory amendments to the GST laws.

Effective Not specified in the update

For professionals: Advise business clients immediately about the suspension of arrest procedures and enforcement relaxations to prevent unnecessary compliance panic. · Instruct clients regarding the restriction of vehicle inspection protocols and the prohibition of show cause notices for monetary thresholds below Rs. 10,000. · Maintain detailed records of all interactions and disputes in light of these temporary administrative priorities.

Open for the full story →

Taxscan52m ago 1 min
GST Govt

CBIC Implements Interim Guidelines Following GST Arrest Reforms

The CBIC rolled out interim instructions to give effect to recent GST Council recommendations regarding enforcement reforms. These transitional guidelines curb punitive actions by tax authorities while permanent legislative amendments are being formulated.

Effective Not specified in the update

For professionals: Review internal operating procedures to ensure alignment with the board's interim enforcement directives. Keep communications open with corporate clients regarding any shift in departmental scrutiny levels during this transitional period. Monitor subsequent notifications from the board for the formal rollout of the amended stat

Open for the full story →

Taxscan52m ago 1 min
RBI/SEBI Govt

Government Forms Banking Panel for Viksit Bharat Chaired by Suresh N Patel

The central government established a high-level banking committee dedicated to the Viksit Bharat initiative. Former Central Vigilance Commissioner Suresh N Patel will lead the panel, which includes prominent financial sector figures such as RBI Deputy Governor Shirish Chandra Murmu.

Effective Not specified in the update

For professionals: Monitor the committee's proceedings and subsequent policy recommendations for potential shifts in lending priorities and regulatory guidelines. · Advise institutional clients to stay updated on structural recommendations regarding institutional credit delivery, risk management, and regulatory frameworks.

Open for the full story →

ET Industry53m ago 1 min
Crypto & CBDC

North Korea connected to historic 6.3 billion dollar Binance digital asset theft

Investigations have tied North Korean entities to a massive cyber breach resulting in the theft of 6.3 billion dollars from the Binance platform. This incident stands as the largest cryptocurrency heist in history, exposing significant vulnerabilities in global digital asset security infrastructure.

Effective Not specified in the update

For professionals: Compliance officers in financial institutions and virtual asset platforms must review their threat intelligence feeds and reinforce their perimeter defenses against sophisticated state-backed threats following a 6.3 billion dollar Binance hack linked to North Korean state-sponsored actors. · Professionals should note that such unprecedented hacks trigger immediate regulatory tightening, enhanced surveillance on crypto-to-fiat conversion channels, and mandatory compliance standards for virtual asset service providers.

Open for the full story →

NDTV54m ago 1 min
Business

Jaipur NCLT Initiates Insolvency Against SBCC Infra Over Unpaid Dues

NCLT Jaipur admitted a corporate insolvency resolution petition against SBCC Infra based on documentary proof of unpaid railway construction dues. The tribunal processed the insolvency plea while leaving the separate Micro, Small and Medium Enterprises Development Act interest claim undecided.

Effective Not specified in the update

For professionals: Insolvency practitioners representing operational creditors must compile robust paper trails of work completion certificates, invoices, and communication records to substantiate default claims successfully. Tribunals may admit the main insolvency petition on the strength of undisputed debt while deferring or omitting final rulings on disputed auxiliary interest components like those under the Micro, Small and Medium Enterprises Development Act. The Jaipur bench of the National Company Law Tribunal admitted a corporate insolvency resolution petition against SBCC Infra after examining cumulative documentary evidence confirming unpaid dues related to railway construction work. · effectiveDate: Not specified in the update

Open for the full story →

Taxguru56m ago 1 min
RBI/SEBI Govt Breaking

SEBI Eases Foreign Portfolio Rules and Extends KYC Review Window

SEBI introduced relaxations to foreign portfolio investor regulations alongside an extension for KYC evaluation processes commencing December 1. These modifications aim to simplify compliance obligations for international investors participating in domestic capital markets.

Effective December 1

For professionals: Update internal operational checklists to reflect the revised KYC timelines and relaxed regulatory parameters ahead of the implementation date. · Brief international clients on the simplified procedural requirements to facilitate seamless portfolio management. · Track subsequent SEBI circulars for precise details.

Open for the full story →

The Tribune59m ago 1 min
Investment Breaking

Jio Platforms Reports Q2 Net Profit of ₹8,389 Crore and Higher ARPU

Jio Platforms posted a 13.7% year-on-year increase in net profit reaching ₹8,389 crore for Q2FY27. Revenue expanded by 11.4% to ₹40,475 crore, EBITDA grew 16.6% to ₹21,879 crore, ARPU rose to ₹218.8, and the subscriber base expanded by 9.1 million users.

Effective Not specified in the update

For professionals: Portfolio managers tracking large-cap technology and telecom assets should update valuation models to account for the reported ARPU expansion. · Equity analysts and sector investors should analyze these metrics to gauge broader telecom industry health and consumer spending patterns on digital infrastructure.

Open for the full story →

LiveMint Markets59m ago 1 min

Explore everything

One place for all of finance - tap any card to jump in.