Everything a finance person must know - re-brewed every 10 minutes
Market regulator SEBI has instituted a strict five million dollar threshold on unhedged foreign exchange derivative positions without requiring documentary evidence of underlying exposure. The regulatory update aims to curb excessive speculation and maintain stability across domestic currency markets.
Open for the full story →
The Supreme Court has clarified that a person's previous criminal record cannot serve as the sole ground to deny the quashing of a false First Information Report. The ruling reinforces that legal relief must depend on the specific merits of the current dispute rather than historical conduct.
Open for the full story →
The Gujarat High Court has ruled that banks can declare borrowers as wilful defaulters without providing copies of forensic audit reports. The court emphasized that the procedural rules do not mandate sharing these documents prior to issuing a show-cause notice. This decision impacts how corporate borrowers challenge loan default classifications in India.
Open for the full story →
The appellate tribunal under SAFEMA has dismissed a challenge filed by the Enforcement Directorate against releasing domestic properties worth ₹1.44 crore. The tribunal ruled that the authorities failed to substantiate grounds for retaining the equivalent assets under relevant financial legislation. Finance professionals must note this judicial check on asset retention powers during cross-border investigations.
Open for the full story →
The Delhi High Court has awarded Rs 25 lakh in damages and costs for the use of counterfeit packaging bearing the DAAWAT rice brand. This legal action protects brand intellectual property and addresses fraudulent market practices. Finance professionals and investors should monitor how trademark enforcement impacts brand value and legal risk.
Open for the full story →
The Supreme Court has ruled that sellers can keep earnest money deposits if buyers fail to complete property purchases within agreed timelines. This judgment provides legal clarity for real estate transactions and reinforces the binding nature of time-bound sale agreements. Finance professionals must advise clients on strict contract compliance during property deals.
Open for the full story →
Domestic brokerage firm Motilal Oswal has kept its buy recommendation on Himadri Speciality Chemical. The firm set a target price of ₹780, indicating a potential increase of roughly 37% over Friday's closing value. This optimistic outlook is driven by anticipated expansion within battery components, specialized carbon items, and the tyre production sector.
Open for the full story →
The Delhi High Court has established that multiple arbitration proceedings stemming from the same contract ought to be consolidated. This judicial guidance aims to streamline dispute resolution and reduce procedural redundancies for parties bound by identical agreements.
Open for the full story →
A former residential property belonging to pop artist Katy Perry has been leased out at a monthly rental rate of two hundred seventy-five thousand dollars. The high-value transaction highlights luxury real estate trends within prime metropolitan leasing markets.
Open for the full story →
The Karnataka High Court held that an Assessing Officer lacks the authority to reject research and development deductions approved by the Department of Scientific and Industrial Research. The ruling clarifies the limits of tax scrutiny regarding certified scientific expenditures. It prevents tax authorities from second-guessing technical approvals granted by competent scientific bodies.
Open for the full story →
Scottish Mortgage Investment Trust has completely liquidated its remaining equity stake in Tesla while lowering its allocation in SpaceX. Following these adjustments, the SpaceX holding now accounts for eleven point one percent of the fund's total assets. The moves mark a significant reallocation by a long-standing financial supporter of Elon Musk's enterprises.
Open for the full story →
The Supreme Court ruled that the same arbitrator is legally permitted to adjudicate multiple separate disputes arising out of the same underlying contract. The decision addresses procedural efficiency in commercial dispute resolution. It confirms that statutory frameworks do not bar a sole arbitrator from handling successive claims between parties under one agreement.
Open for the full story →
One place for all of finance - tap any card to jump in.