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Bombay HC sets aside govt order on one-time spectrum charges on Airtel, Vodafone Idea
The Bombay High Court has cancelled the one-time spectrum charges for Bharti Airtel and Vodafone Idea. This decision brings relief of approximately Rs 20,000 crore to both companies. Bank guarantees submitted by the firms will be returned. All demand notices and orders concerning these charges have been set aside. The Supreme Court is still considering the matter.
Supreme Court seeks police and CBI response on Lilavati Trust's plea against HDFC chief
The Supreme Court is examining an appeal by Lilavati Kirtilal Mehta Medical Trust, which had accused HDFC Bank MD Sashidhar Jagdishan of bribery. The Bombay High Court had previously quashed the case. The Supreme Court has asked for responses from the CBI and Mumbai Police. It noted that personal benefit allegations might still need scrutiny.
SC stays ₹890 crore GST demand against Tata Steel in ITC dispute
Supreme Court of India has granted a stay on further proceedings in a GST input tax credit dispute involving a tax demand of ₹890.52 crore for the period FY2018-19 to FY2020-21, informed Tata Steel.
SC appointed panel says all deals involving Supertech Realtors' project need its approval
A Supreme Court committee now requires prior written approval for any property deals in Supertech Realtors' Noida 'Supernova' project. This applies to sales, transfers, and creation of third-party rights. Transactions without this permission will be void. The committee aims to revive the stalled project, with PwC appointed as Transaction Advisor. Justice M M Kumar chairs the committee.
Rani Kapur moves Supreme Court over family trust-linked board meeting
The new application, reviewed by Mint, asked the court to restrain Kapur's widow, Priya Kapur, and other respondents from changing the management structure, appointing new directors, altering bank signatories, or taking financial decisions
SC refuses to reopen 2021 ruling exempting foreign software payments from royalty tax
The Supreme Court has once again dismissed the income tax department's review petitions concerning the taxation of software payments to non-residents. The court reiterated its March 2021 ruling that such payments are not royalty, as end-user licenses do not transfer copyright. This decision provides significant tax relief for Indian companies acquiring software.
Supreme Court rules consumers not liable for unused power plant tariffs
The Supreme Court has ruled that electricity consumers are not obligated to pay tariff charges for a power plant that has stopped supplying electricity. The apex court restored a previous order against Tata Power Delhi Distribution Ltd. This decision means consumers will not bear the cost of a plant that is no longer operational.
Zaggle signs 3-year agreement with Supreme Industries for Zaggle Propel platform
Shares of Zaggle Prepaid Ocean Services Ltd ended at ₹255.20, up by ₹13.15, or 5.43%, on the BSE.
TCS Nashik Conversion Case: Matter Reaches Supreme Court — Here's What Plea Demands
The TCS Nashik case has been under scrutiny ever since nine women employees alleged harassment, intimidation and religious coercion.
Rail travel insurance should not be limited to online tickets: SC
The Supreme Court has ruled that all railway passengers must have equal access to travel insurance. This applies whether tickets are bought online or at counters. The court stated that a distinction in treatment is not justified. While misuse of insurance is a concern, solutions should be found instead of denying the facility.
LIVE: Trump Says Iran War Deal Near | Oil at $95 | RBI Policy Today | Opening Bell
Trump says the US is in final negotiations to end the Iran conflict and would be "honoured" to meet Iran's Supreme Leader Khamenei. Oil prices ease, Wall Street hits fresh highs, Broadcom tumbles after earnings, and all eyes turn to the RBI policy decision. Catch all the key global and domestic market cues on Opening Bell. Catch Surabhi Upadhyay in conversation with Market Experts.