News

The Reserve Bank of India rejected Ujjivan Small Finance Bank’s application for universal bank status, citing insufficient loan diversification and advised the bank to improve its portfolio before reapplying later.

RBI Rejects Ujjivan Small Finance Bank Application for Universal Bank Status

Sagility Limited has received an income tax assessment order, imposing a tax demand of over Rs 100 crore due to transfer pricing adjustments.

Sagility Limited Faces About Rs 100 Crore Income Tax Demand Over Transfer-Pricing Adjustments

Press Release

LIC launched MyLIC and Super Sales Saathi apps, which made it easier for customers and agents to manage policies, make payments, and access services in a faster, simpler, and paperless way.

LIC Launched MyLIC and Super Sales Saathi Apps to Facilitate Insurance Services in India

The Department of Telecommunications and SEBI signed an MoU to share data and use telecom intelligence to detect and prevent telecom-linked financial frauds and protect investors.

DoT and SEBI Signs an Agreement to Curb Telecom-Related Financial Frauds

The Supreme Court of India has refused relief to Anil Ambani, allowing banks to proceed with classifying his loan account as fraud.

Anil Ambani’s Plea Rejected; Supreme Court Allows Banks to Continue Fraud Proceedings

Judgement

ITAT allows the Section 54F exemption, accepts FMV and permits cost of improvement claims.

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RBI Rejects Ujjivan Small Finance Bank Application for Universal Bank Status

Sagility Limited Faces About Rs 100 Crore Income Tax Demand Over Transfer-Pricing Adjustments

LIC Launched MyLIC and Super Sales Saathi Apps to Facilitate Insurance Services in India

DoT and SEBI Signs an Agreement to Curb Telecom-Related Financial Frauds

Anil Ambani’s Plea Rejected; Supreme Court Allows Banks to Continue Fraud Proceedings

ITAT Grants Section 54F Relief; Accepts Stamp Value for Cost