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Delta Corp share price tanks 18% today; what's behind the selloff?
Delta Corp share price:Today's selling pressure in Delta Corp was triggered after the Supreme Court ruled in favour of the government's retrospective levy of 28% GST on online gaming companies.
SC quashes SEBI order against Reliance in RPL trading case; orders ₹250 crore refund
The Supreme Court has quashed SEBI's order alleging fraudulent and manipulative trades by 12 Reliance-linked entities in Reliance Petroleum shares in 2007. The court also set aside a 2020 SAT ruling that upheld the regulator's findings and directed the refund of ₹250 crore deposited by Reliance Industries.
Supreme Court sets aside Sebi ₹447 crore disgorgement order in Reliance Petroleum derivatives case
The top court overturned SAT fraud findings, but upheld limited derivatives violations in long-running 2007 trading dispute involving Reliance Industries and Reliance Petroleum.
Delta Corp shares tank 16%. What’s triggering the sharp selloff?
Shares of Delta Corp tumbled 16% after the Supreme Court upheld the government’s retrospective 28% GST levy on online gaming companies. The apex court ruled that online gaming platforms qualify as actionable claims under GST law and backed retrospective application of the amendments. Gaming firms had opposed the tax demand, arguing it contradicts decades of legal precedent distinguishing gaming from gambling.
Reliance Industries gets partial relief from Supreme Court as it sets aside Rs 447 crore Sebi recovery order
In a landmark ruling, the Supreme Court has sided with Reliance Industries Ltd in a trading case that has spanned over 15 years. The court has annulled a substantial disgorgement order previously placed on the company, providing some relief. However, the Rs 25 crore fine levied by the Securities and Exchange Board of India (Sebi) stands firm.
Gaming stocks under pressure! Delta Corp, Nazara Tech crash up to 16% after Supreme Court GST ruling - Mint
Gaming stocks under pressure! Delta Corp, Nazara Tech crash up to 16% after Supreme Court GST rulingMint
Supreme Court seeks govt, RBI response to plea for audit of banks' realty exposure
The Supreme Court has asked the government and the Reserve Bank of India for their response to a petition that wants banks' dealings with real estate projects to be reviewed. The court also wants an investigation into developers accused of misusing homebuyers' money. Several authorities and builders have been issued notices.
Supreme Court seeks govt, RBI response to plea for audit of banks' realty exposure
The Supreme Court has asked the government and the Reserve Bank of India for their response to a petition that wants banks' dealings with real estate projects to be reviewed. The court also wants an investigation into developers accused of misusing homebuyers' money. Several authorities and builders have been issued notices.
Tax ruling can set off a game of thorns for gaming company directors
India's money gaming firms are worried about directors facing tax demands. A Supreme Court ruling upheld a 28% GST on bets. This could mean personal liability for company board members if taxes remain unpaid. Companies are hoping for relief from the ruling's details. The government's amnesty scheme might offer a way out for earlier periods.
Supreme Court pulls up Centre over food safety failures, seeks audit
The Supreme Court has directed the Centre and the Food Safety and Standards Authority of India to explain why a nationwide performance audit of food safety regulations is needed. This comes amid concerns over food adulteration and weak enforcement. The court seeks to understand the effectiveness of the current food safety framework.
SC seeks Centre, ED responses on plea alleging Rs 14,000 crore diversion in Noida, Yamuna Expressway housing projects
The Supreme Court has issued notices to the Centre, Enforcement Directorate, RBI, Uttar Pradesh authorities, and several real estate firms. This follows a plea alleging diversion of thousands of crores collected from homebuyers in Noida and Yamuna Expressway projects. Advocate Prashant Bhushan highlighted a pattern of developers diverting funds and pushing projects into insolvency.
Gaming Companies Weigh Review Plea, Larger Bench And Government Relief After Supreme Court GST Blow
In a landmark ruling on Wednesday, the Supreme Court upheld the government's decision to levy 28% GST on the full face value of bets and deposits in online gaming, instead of platform fees or commissions.