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Business

Supreme Court Dismisses Gujarat High Court Ruling Following Arbitrator Voluntary Withdrawal

The Supreme Court has set aside a previous Gujarat High Court order after the arbitrator in question chose to withdraw from the ongoing proceedings. This development resolves the dispute surrounding the composition of the arbitral tribunal without a formal adjudication on the merits. Legal practitioners must note how voluntary exits impact pending appellate challenges.

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Taxguru6m ago 1 min
CA Corner

Gujarat High Court Rules Prior Judicial Role Does Not Disqualify Arbitrator

The Gujarat High Court held that a nominated arbitrator's previous judicial role does not automatically disqualify them from serving. This judgment provides essential clarity on arbitrator appointments and eligibility standards for legal professionals in dispute resolution proceedings.

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Taxguru7m ago 1 min
Income Tax Govt

ITAT Mumbai Grants Section 10(23C)(iiiab) Tax Exemption to University of Mumbai

The Income Tax Appellate Tribunal in Mumbai ruled that the University of Mumbai qualifies for tax exemption under Section 10(23C)(iiiab) of the Income Tax Act. The ruling was issued because government funding accounted for 50.76 percent of its financial backing.

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Taxguru8m ago 1 min
Business

Obayashi Deepens Focus on India Infrastructure Using Sustainable Construction Expertise

Obayashi is expanding its footprint in India's infrastructure sector by leveraging its global engineering capabilities and sustainable building methods. The firm aims to support large-scale development projects through advanced construction techniques and environmental standards.

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The Tribune13m ago 1 min
Markets

NSE and BSE Announce Special Muhurat Trading Schedule for November 2026

The National Stock Exchange and Bombay Stock Exchange will host a special Muhurat trading session on Sunday, November 8, 2026, from 2:20 pm to 3:30 pm, preceded by a pre-open session at 2:05 pm. Markets will remain closed on November 10 for Diwali-Balipratipada.

Scrips: BSE

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LiveMint Markets17m ago 1 min
Investment

ONGC redirects blocked Russian dividends toward Sakhalin obligations and targets Venezuelan project operations

Oil and Natural Gas Corporation (ONGC) has utilized trapped dividend funds from Russia to satisfy its payment obligations for the Sakhalin-1 abandonment fund. Simultaneously, the state-run producer is in talks with Venezuelan state company PDVSA to secure operational control of the San Cristobal and PetroCarabobo ventures. These strategic steps aim to optimize cash flow management and recover historical financial dues.

Scrips: ONGC

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ET Industry29m ago 1 min
Business

Supreme Court Orders Mandatory Register for Plaints Rejected Before Suit Registration

The Supreme Court has mandated the maintenance of a specific register for plaints that are rejected prior to formal suit registration. This directive aims to bring transparency and accountability to judicial procedures regarding rejected plaints across courts. Finance professionals and legal practitioners must note this procedural update.

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Taxguru35m ago 1 min
Personal Finance

Essential criteria lenders evaluate before approving your personal loan application

Lenders evaluate several essential criteria before approving a personal loan. These critical factors include your credit score, income level, fixed obligation to income ratio, employment stability, age, and required documentation.

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Taxguru35m ago 1 min
Business

Dolly Parton Book Program Offers Free Reading Material for Eligible Children

Parents can register their eligible children to receive free books through a popular literacy initiative. The program aims to encourage early reading habits by delivering physical books directly to participating families.

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Economic Times37m ago 1 min
Income Tax Govt

Tribunal Rules in Favor of Taxpayer on Loan Repaid Prior to Search Operation

An appellate tribunal allowed an appeal after confirming a loan and its repayment along with complete financial, tax, and banking records. The interest was paid through banking channels after Tax Deducted at Source (TDS), while the principal loan was repaid before the search.

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Taxscan41m ago 1 min
Crypto & CBDC

India Issues Warning Regarding Artificial Intelligence Threats Targeting Digital Asset Trading Platforms

India has issued a warning regarding artificial intelligence-powered attacks directed at cryptocurrency exchanges. The alert highlights emerging technological threats facing digital asset trading platforms across the country.

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Digital Watch Observatory41m ago 1 min
Income Tax Govt

Navigating Compliance For Corporate Artificial Intelligence Under Domestic Laws

Indian enterprises deploying artificial intelligence must align with foundational legal frameworks including the Information Technology Act and the Digital Personal Data Protection Act. Organizations face stringent obligations regarding algorithmic transparency, data processing consent, and liability when operating automated systems.

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India Briefing46m ago 1 min

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