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Business

Madras High Court Rules Tax Liabilities During Corporate Resolution Do Not Vanish Automatically

The Madras High Court ruled that tax dues arising during the corporate insolvency resolution process are not automatically wiped out under the clean slate doctrine. This decision impacts how resolution plans handle statutory liabilities incurred while a company undergoes restructuring. Finance professionals must closely monitor ongoing insolvency cases to assess outstanding government claims.

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Taxguru1h ago 1 min
Business

Rajasthan High Court Strikes Down Mandatory Pre-Deposit Requirement for Building and Other Construction Workers Cess Appeals

The Rajasthan High Court ruled that pre-deposit conditions for challenging Building and Other Construction Workers Cess assessments are invalid because the subordinate rule exceeded the parent legislation. Taxpayers fighting cess demands are no longer required to make upfront financial deposits to pursue their appeals.

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Taxguru1h ago 1 min
Global Finance

Broadband provider Virgin Media O2 plans significant workforce reductions affecting thousands of staff

Virgin Media O2 is preparing for substantial workforce reductions impacting thousands of employees. The exact number of positions to be eliminated has not yet been finalized by the broadband provider. This upcoming downsizing is expected to affect a major portion of the company's personnel.

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BBC Business1h ago 1 min
Markets Breaking

Market Outlook for November 2: Nifty Faces 23,200 Resistance As Bullish Momentum Tested

The Nifty index approaches a crucial resistance marker at 23,200 ahead of trading sessions on November 2. Investors and market participants are closely watching whether bullish momentum can successfully push the benchmark past the 24,000 threshold.

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NDTV Profit1h ago 1 min
Commodities Breaking

Precious Metals Plunge in October Driven by Inflation and Higher US Rate Expectations

Precious metals suffered steep losses in October due to mounting inflation concerns, rising energy prices, and expectations of higher US interest rates. Silver experienced the heaviest monthly drop at 19.17%, trailed by platinum at 16.65% and gold at 7.23%.

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LiveMint Markets2h ago 1 min
Business

Electric Vehicle Sales Double in October as Market Share Reaches Seven Percent

Electric car sales in India nearly doubled year-on-year to reach 35,777 units in October, elevating passenger vehicle market share to 7% from 3.2% previously. Tata Motors secured the top spot with a 40.7% market share, trailed by Mahindra at 23.7%, supported by expanding charging networks and high fuel costs.

Scrips: Tata Motors

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ET Industry2h ago 1 min
Commodities

Indian Navy Wins Murugappa Gold Cup Hockey Tournament Following Penalty Shootout

The Indian Navy secured the Murugappa Gold Cup title after prevailing over opponents in a tense penalty shootout. The victory highlights the team's competitive resilience in the prestigious domestic hockey tournament.

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Sportstar2h ago 1 min
Business

JLR India Reports Strong Demand for Exclusivity As Range Rover SV Collections Pre-Book

India's luxury car market is showing a strong preference for exclusivity, with JLR India reporting that 15 out of 18 vehicles in its Rs 5-crore Range Rover SV Sawai Collection are already pre-booked. The automaker is scaling up its bespoke personalisation services and plans to launch two electric Range Rover models in 2027.

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ET Industry2h ago 1 min
Business

Legal Analysis Examines Trade Dress Regulations and Private-Label Product Imitation Disputes

Recent legal analyses explore intellectual property disputes such as Mondelez vs Aldi and Lululemon vs Costco, focusing on trade dress protections, product imitations, and the Lanham Act. These cases highlight how brand owners are confronting the rising private-label economy in court.

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Taxguru2h ago 1 min
Economy

Market Dynamics Shift Across Oil, Artificial Intelligence, and Treasury Bond Sectors

Financial markets experienced notable shifts over the past month as crude oil prices continued upward while treasury yields declined. This divergence suggests market participants may be increasingly hedging against risks of an artificial intelligence sector correction rather than immediate inflation.

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CNBC Global2h ago 1 min
Business

NCLAT Delhi Rules Unrefunded Supply Advance Constitutes Operational Debt in Corporate Insolvency

The NCLAT Delhi has upheld a Corporate Insolvency Resolution Process, ruling that an unrefunded advance payment for goods constitutes an operational debt. This decision reinforces legal interpretations regarding financial liabilities arising from commercial supply agreements.

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Taxguru2h ago 1 min
GST

Pune Tribunal Rules Inactive Form GSTR-2 Fails to Waive Statutory Tax Interest Obligations

The Pune bench of the Goods and Services Tax Appellate Tribunal has ruled that an inactive or non-operational Form GSTR-2 does not eliminate the statutory liability to pay interest. Tax professionals and businesses must note that procedural system limitations do not override underlying interest dues on delayed payments. This decision clarifies compliance obligations under indirect tax laws.

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Taxguru2h ago 1 min

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