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The Bombay High Court has struck down a tax disallowance of ₹17.57 crore under Section 14A of the Income Tax Act. The ruling confirms that expenditure cannot be disallowed when the taxpayer has not generated any exempt income during the relevant period. This decision provides significant relief to corporate taxpayers facing similar adjustments.
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Analyst group GTRI warns that US President Donald Trump may pressure India into a rapid trade agreement. The proposed pact would force New Delhi to lower import tariffs on American goods while Washington retains its own barriers. Experts note this could violate World Trade Organization most-favoured-nation rules and threaten India's energy security.
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The Himachal Pradesh High Court has held that interest awarded under Section 28 of the Land Acquisition Act forms an integral part of the compensation package. This classification ensures that landowners receive proper statutory treatment regarding tax and disbursement rights. The ruling clarifies ambiguities surrounding judicial interest payouts in property acquisition cases.
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Low-cost airline IndiGo is discussing a potential purchase of 100 regional jets from Embraer, alongside options for another 50 aircraft. Deliveries for this prospective deal could begin around 2030 or later, according to sources. The agreement remains unfinalized but represents a major milestone for the Brazilian manufacturer in the Indian market.
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The National Company Law Appellate Tribunal (NCLAT) dismissed an appeal regarding contempt proceedings, ruling that no appeal lies against the dropping of such actions. The tribunal found no wilful disobedience and confirmed no bank withdrawals occurred.
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Securities and Exchange Board of India (SEBI) exempted a promoter family trust from making an open offer for a 34.41 percent stake acquisition. The regulator cited genuine succession planning while noting that beneficial ownership, control, and public shareholders' interests remain unchanged.
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Recent commentary examines poverty reduction dynamics in India, highlighting structural aspects of low earnings among economically vulnerable populations. The discussion explores how shifting statistical thresholds interact with actual household income generation in the domestic economy. Specific analytical details and policy metrics are examined through contemporary economic reporting.
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Petronet LNG posted earnings that beat estimates due to higher volumes and inventory gains, though core profitability weakened. Delayed pipeline connectivity and volatile trading gains continue to cast uncertainty over future financial performance.
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Four commercial banks have updated their fixed deposit interest rates, offering maximum returns of up to 8.50 percent across various tenures. These adjustments provide retail depositors with new avenues to maximize yields on fixed-income investments. Savers are advised to review the updated tenure-wise payout structures before locking in funds.
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Essar Power has announced a Rs 4,500 crore investment to develop a 300 MW Firm and Dispatchable Renewable Energy project in Andhra Pradesh. The facility integrates solar and wind power generation alongside Battery Energy Storage Systems to ensure reliable supply. This initiative follows a power purchase agreement with NHPC Ltd and supports national clean energy goals.
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Life Insurance Corporation of India shares climbed 3.19 percent in recent trading. The stock is now approaching its 100-day moving average resistance level, presenting an important technical test for market participants. This movement highlights shifting momentum for the insurance giant as traders watch key chart levels.
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Banks managing liquidations in Turkey unloaded approximately $254 million worth of premier equities held within frozen funds through off-market transactions. This strategic disposal aims to eliminate potential market pressures weighing down regional stock indices.
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