Official India: RBI, SEBI, and government announcements, decoded into plain English.
Uttar Pradesh’s Cabinet has approved two U-Hubs in Lucknow and Noida, backed by an initial Rs 100 crore provision for 2026-27. The plan aims to connect startups, academia, investors and industry, with…
The Competition Commission of India is limiting suo motu investigations to cases where nobody else is willing to complain, citing a possible conflict between investigating and deciding the same matter. The decision…
The Delhi High Court has closed contempt proceedings against SpiceJet chairman Ajay Singh and the airline’s directors over incomplete compliance with an order to hand over two Boeing aircraft and three engines…
The Bengaluru Income Tax Appellate Tribunal has ruled that gains from the repurchase of vested, unexercised employee stock options are taxable as long-term capital gains, not salary perquisites. The case involved Flipkart…
Markets regulator Sebi has settled adjudication proceedings against India Power Corporation Ltd managing director Raghav Raj Kanoria after receiving Rs 24.7 lakh. The case concerned alleged misreporting in IPCL’s financial statements for…
Modulus Alternatives Investment Managers has paid Rs 10.87 lakh to settle a Sebi case over alleged violations of Alternative Investment Fund rules. Sebi said the investment manager failed to maintain its continuing…
A Parliamentary Joint Committee has recommended curbs on the proposed expansion of the National Financial Reporting Authority, including lower penalties, continued government oversight and safeguards against overlap with the Institute of Chartered…
The Reserve Bank of India has proposed barring non-banking financial companies from offering revolving credit, allowing only term-loan products under draft amendments to its Credit Facilities Directions. The proposal would affect flexi…
The Reserve Bank of India (RBI) has extended its directions under the Banking Regulation Act, 1949, for Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru, and Urban Co-operative Bank Limited, Dehradun, by three…
The Calcutta High Court on Thursday dismissed a PIL challenging West Bengal’s anti-goonda legislation, saying the petition was premature when filed because the Bill had not received assent or been notified. A…
