Skip to content

Finance, made simple.

LIVE · 45 sources 9 govt trackersLive news, laws, quiz & AI - fresh every 10 min.

Finance Dose

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

AI curated

Live Updates

390 stories
Banking

State Bank of India Posts 14.28 Percent Net Profit Rise for Q2FY27

State Bank of India announced a 14.28 percent growth in net profit for the second quarter of the fiscal year 2026-27. The country's largest lender delivered a strong financial performance during this period.

Effective Not specified in the update

For professionals: Review the full earnings report for details on non-performing assets, net interest margins, and credit growth. · Keep track of forthcoming quarterly disclosures and analyst commentary to adjust portfolio allocations accordingly.

Scrips: State Bank of India

Open for the full story →

Taxguru10m ago 1 min
Global Finance Breaking

Brookfield Plans 27 Billion Dollar AI Data Center Causing Energy Firm Drax to Surge 8 Percent

Brookfield targets a 27 billion dollar artificial intelligence data center at a power station in Europe. Meanwhile, energy firm Drax saw its stock surge by 8 percent amidst regional infrastructure demands.

Effective Not specified in the update

For professionals: Monitor power generation companies positioned near planned technology hubs to assess infrastructure and investment trends. · Assess regulatory approvals for large infrastructure projects involving major asset managers. · Track upcoming announcements regarding land acquisition, power purchase agreements, and capital expenditure.

Open for the full story →

CNBC Global11m ago 1 min
CA Corner

Chartered Accountancy institute invites candidate feedback on final examination papers

Candidates who appeared for the examinations can submit their feedback regarding any errors or ambiguous questions. Submissions are accepted through email or Speed Post.

Effective Not specified in the update

For professionals: Practitioners and mentors should guide examinees to document specific question numbers clearly to substantiate their claims. · Candidates must review their specific papers and prepare written submissions with supporting rationale.

Open for the full story →

Taxscan14m ago 1 min
Income Tax Govt

Tribunal upholds commissioner ruling on profit estimation for heavy goods transport vehicles

The appellate tribunal confirmed the lower appellate authority's order regarding the correct computation of business profits. The decision hinged on vehicle weight exceeding the twelve thousand kilogram limit, classifying them as heavy goods vehicles.

Effective Not specified in the update

For professionals: The ITAT confirmed the CIT(A) order concerning the correct application of Section 44AE(2)(i) to determine profits for carriage operators. · Tax professionals must verify vehicle registration certificates and gross weight specifications before filing income tax returns. · Practitioners should cross-check client asset lists against statutory weight limits to withstand appellate scrutiny.

Open for the full story →

Taxscan18m ago 1 min
Markets

Bayer Upgrades 2026 Profit Guidance and Lowers Debt Projection Following Strong Third Quarter Pharmaceuticals Sales

Bayer upgraded its profit outlook for 2026 following stronger-than-expected third-quarter sales in its pharmaceuticals division. The German group also lowered its debt forecast, indicating improved growth momentum and enhanced financial stability.

Effective Not specified in the update

For professionals: Review upcoming corporate debt maturity schedules and examine the divisional breakdown of third-quarter sales. · Watch for future guidance updates from the company during subsequent earnings calls to gauge sustainability.

Open for the full story →

ET Markets20m ago 1 min
Income Tax Govt

Chennai Tax Tribunal Quashes Ten Lakh Rupee Penalty Over Faulty Notice

The Income Tax Appellate Tribunal in Chennai overturned a ten lakh thirty-six thousand rupee penalty imposed under section 271(1)(c). The tribunal ruled that the underlying notice failed to specify whether the taxpayer concealed particulars of income or furnished inaccurate particulars. This decision reinforces the legal requirement for tax authorities to issue clear and unambiguous show-cause notices before penalizing taxpayers.

Effective Not specified in the update

For professionals: Examine penalty notices received by clients for ambiguity regarding specific statutory limbs under section 271(1)(c) of the Income Tax Act. · Advise clients that penalty proceedings are vitiated if the department's notice lacks specific charges regarding concealment or inaccurate particulars of income. · Ensure strict adherence to procedural fairness in statutory penalty provisions as they are quasi-criminal in nature.

Open for the full story →

Taxguru20m ago 1 min
GST Breaking

Rajasthan High Court Rejects Direct Writ Petition Against Goods Seizure Order

The Rajasthan High Court dismissed a writ petition challenging a Goods and Services Tax confiscation order, emphasizing that litigants must exhaust statutory remedies. The court held that constitutional writ jurisdiction cannot bypass established appeal mechanisms created by the legislature. This ruling reaffirms the principle that tax disputes should be resolved through designated appellate channels rather than direct court interventions.

Effective Not specified in the update

For professionals: Advise clients to file statutory appeals within prescribed limitation periods rather than relying on direct writ filings against confiscation orders. Ensure specialized tax tribunals evaluate factual disputes before constitutional courts examine legal questions. Direct clients to utilize alternative remedies provided within the tax statute before invoking extraordinary writ jurisdiction.

Open for the full story →

Taxscan21m ago 1 min
Income Tax

Supreme Court Agrees to Hear EY US Plea on Secondment Tax Dispute

The Supreme Court admitted a special leave petition filed by EY US LLP and issued a notice to the tax department. The litigation revolves around whether reimbursements received for employees deputed to Indian entities qualify as Fees for Technical Services under the bilateral tax treaty. This case will determine the taxability of international secondment arrangements under the India-US double taxation avoidance agreement.

Effective Not specified in the update

For professionals: Tax professionals must track the Supreme Court proceedings regarding whether employee secondment payments constitute Fees for Technical Services under the India-US tax treaty. · Advisors need to evaluate potential contingencies and review ongoing secondment agreements and cost-pooling documentation for corporate clients. · The final verdict will determine definitive clarity on cross-border secondment tax obligations and employer-employee relationship distinctions.

Open for the full story →

Taxscan21m ago 1 min
Business

Apex Court Takes Up EY US Special Leave Petition Over Secondment Taxation

The Supreme Court admitted an appeal concerning the taxation of employee secondment payments involving EY US LLP and issued a notice to the revenue department. The legal battle questions if deputation cost reimbursements qualify as taxable technical service fees under the India-US tax treaty. The outcome will impact how multinational firms structure international employee transfers and handle related tax withholdings.

Effective Not specified in the update

For professionals: Evaluate existing secondment structures and ensure appropriate disclosure of contingent tax exposures in financial statements. · Watch for interim directions and subsequent hearings to advise clients on withholding tax compliance.

Open for the full story →

Taxscan21m ago 1 min
Business

Appellate Tribunal Affirms Creditors' Commercial Wisdom in SREI Resolution Process

The National Company Law Appellate Tribunal in Delhi upheld the commercial wisdom of the Committee of Creditors in the SREI insolvency resolution process. The tribunal reinforced that business decisions made by financial creditors during corporate rescue proceedings warrant minimal judicial interference. This ruling strengthens the primacy of lenders in finalizing resolution plans under the insolvency framework.

Effective Not specified in the update

For professionals: Practitioners must ensure strict procedural compliance and maintain robust documentation of Committee of Creditors meetings and voting rationales. · The legal framework limits judicial review by tribunals strictly to statutory compliance parameters. · Insolvency professionals, corporate legal advisors, and financial institutions must recognize that the commercial priorities decided by financial creditors command supreme authority.

Open for the full story →

Taxguru21m ago 1 min
CA Corner

Royal Enfield Marks 125th Anniversary With New Motorcycle Unveils At EICMA 2026

Mid-size motorcycle manufacturer Royal Enfield celebrated its 125th anniversary by presenting new models at the EICMA 2026 exhibition in Milan. The showcase highlights the brand's continuing presence in the global motorcycle market.

Effective Not specified in the update

For professionals: No direct tax filings, compliance steps, or statutory sections are specified in the update. · Professionals should monitor subsequent commercial release timelines, pricing announcements, and distribution schedules for the newly revealed models. · Stakeholders need to evaluate potential sales growth and product adoption rates in domestic and international markets.

Scrips: Eicher Motors

Open for the full story →

Taxguru25m ago 1 min
Income Tax

Bombay High Court Quashes Tax Reassessment Notice Due To Invalid PCIT Sanction Under Section 151(ii)

The Bombay High Court set aside a tax reassessment notice after determining that the sanction granted by the Principal Commissioner of Income Tax under Section 151(ii) was invalid. This ruling reinforces strict adherence to procedural safeguards governing tax reopening proceedings.

Effective Not specified in the update

For professionals: Review ongoing reassessment litigation for similar procedural flaws concerning administrative sanctions under Section 151(ii). · Examine the exact approval documentation received by clients to challenge unauthorized notices effectively before judicial forums.

Open for the full story →

Taxguru26m ago 1 min

Explore everything

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