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The Orissa High Court ruled that service tax proceedings under Section 73 of the Finance Act, 1994 cannot proceed against legal heirs of a deceased assessee without an explicit statutory rule. Consequently, the court quashed the ongoing recovery action directed at the widow of the dead taxpayer.
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The Madras High Court held that an unnumbered plaint cannot be dismissed or rejected without first granting a proper hearing regarding limitation issues. The decision emphasizes procedural fairness before a formal suit number is assigned by the court registry.
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Short-dated US Treasury yields increased after Federal Reserve Governor Christopher Waller suggested that further rate actions might be necessary despite seemingly moderated inflation. Waller mentioned the possibility of a half-point rate increase if inflation worsens, while money markets currently price in a 25 basis point hike for December.
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Cochin Shipyard posted a consolidated net profit of ₹53.8 crore for the second quarter, marking a 50 percent decline compared to ₹107.52 crore recorded in the same period of the previous financial year.
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Bajaj Finance allotted 5.74 crore warrants to its promoter, Bajaj Finserv, for a total consideration of Rs 5,799 crore following approval from the special committee of the board. The warrants are priced at Rs 1,010 each, with at least 25 percent payable at allotment and the remaining 75 percent due later, and each warrant is convertible into an equivalent number of equity shares.
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Neo Mutual Fund announced the appointment of Ashutosh Bhargava as its new Chief Executive Officer. The leadership change brings a new executive head to direct the mutual fund's strategic operations.
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India is positioned for record wheat plantings this season, driven by government incentives and favorable soil moisture, according to the FAO. However, the final wheat output will hinge heavily on weather patterns influenced by El Nino during April and May, which can bring heavy rains and flood risks alongside adequate snow cover benefits.
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Foreign portfolio investors reversed previous selling trends by injecting Rs 53,739 crore into Indian equities during November. This capital inflow followed a global market sell-off driven by artificial intelligence developments, with foreign interest returning due to strong domestic earnings, large-cap valuations, and activity in the financial services, technology, and debt sectors.
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Recent drops in crude oil prices bring economic relief to India, though exporters are still waiting for cheaper raw materials. IIFT Vice Chancellor K... notes the complex dynamics affecting domestic manufacturing and global trade competitiveness.
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India produces 171,000 to 190,000 tonnes of municipal solid waste daily, with biodegradable organic waste making up 50 to 60 percent. An ICAR official highlights that this organic waste can be converted into protein-rich fish feed.
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The Delhi High Court ruled that an ex parte decree cannot be set aside without sufficient cause. The judgment reinforces procedural discipline and legal standards required during corporate and civil litigation proceedings.
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Balrampur Chini Mills shares delivered over 50 percent returns in one year. The company expects its ₹3,080-crore polylactic acid plant in Uttar Pradesh to start commercial operations in Q4FY27, adding about ₹2,000 crore in annual revenue, alongside an 88.9 percent rise in September-quarter profit and a ₹4-per-share interim dividend.
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