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Meesho slapped with INR 1,500 crore tax demand for AY 2023-24, plans legal challenge E-Commerce giant Meesho has received an income tax assessment order under Section 143(3) for AY 2023-24, raising a massive tax demand of INR 1,499.74 crore (including interest) from the Income Tax Department‘s Assessment Unit. The company, in a regulatory filing before […]

Indian refiners snap up Russian oil cargoes at sea after US waiver; seek legal clarity New Delhi, Indian refiners have begun snapping up millions of barrels of Russian oil floating in Asian waters after the US granted a waiver allowing purchase of cargoes stranded at sea, but are seeking legal opinion on whether the exemption

RBI proposes rules to protect bank customers from online fraud; suggests compensation for small-value scams The Reserve Bank of India (RBI) has issued new draft guidelines for customer protection in electronic banking transactions, including online and card-based payments. The proposed rules are part of the Reserve Bank of India (Commercial Banks – Responsible Business Conduct)

Twenty-four US states file lawsuit to stop Trump’s latest global tariffs * Lawsuit is the first to challenge Trump’s recently-imposed global tariffs * Trump had imposed new tariffs after Supreme Court invalidated most of his prior tariffs * States that joined the lawsuit include California, New York, Oregon (Updates paragraphs 1-2 to reflect lawsuit has

HC notice to Centre, Google, Meta, X over plea for curbs on AI content Chandigarh: The Punjab and Haryana high court on Thursday issued notice to Union ministries, including the ministry of electronics and information technology (MeitY), the ministry of information and broadcasting, and the ministry of home affairs (MHA), and others on a public

ED raids multiple entities linked to Anil Ambani, Reliance Power: Sources Mumbai, The Directorate of Enforcement (ED) on Friday conducted a series of raids on various businesses and individuals associated with industrialist Anil Ambani and Reliance Power Ltd. According to agency sources, the coordinated raids were underway at 10 to 12 locations across the financial

Mukesh Ambani’s record IPO of Jio delayed by regulatory limbo The Indian government’s delays in formalizing changes to listing rules are threatening to force Asia’s richest person, Mukesh Ambani, to miss the targeted timeline for an initial public offering of shares in Jio Platforms Ltd., the digital arm of his flagship company Reliance Industries Ltd.

Fino Payments Bank said on Wednesday that its plan to convert into a small finance bank is progressing within the Reserve Bank of India‘s 18-month timeline amid an investigation linked to a Goods and Services Tax (GST) probe that has led to the arrest of its managing director and ⁠CEO, Rishi Gupta. “The Bank expects

Hogan Lovells’ office in Washington DC [Shutterstock] Hogan Lovells grew its top line and increased its partner profits by double digits in 2025, the law firm said on Wednesday, surpassing $3.2 billion in annual revenue ahead of its planned merger with Cadwalader, Wickersham & Taft. Cadwalader, meanwhile, reported a 3.3% revenue decrease, generating $616 million