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Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Aave is under selling pressure. The market is pricing risk. And according to top analyst Darkfost, what is happening to AAVE right now is not a market problem -- it is a protocol problem. A report from Darkfost has identified a sequence of structural events that explains why Aave's selling pressure carries more weight than a standard altcoin correction. The protocol has entered w ...Read More >
Venu Srinivasan quits Bai Hirabai Charitable Trust after eligibility objections, Mehli Mistry seeks probe into alleged irregularities and violations of trustee rule Venu Srinivasan has stepped down from the Bai Hirabai Charitable Trust following objections over his eligibility to serve as a trustee. The trust is one of the smaller entities under the umbrella of Tata Trusts. According to the CNBC-TV18 report the objections were raised by former trustee Mehli Mistry, after which Srinivasan chose ...Read More >
Mumbai: The CEO of Tata Trusts, which is the majority owner of India's largest business conglomerate, asked vice-chairmen Venu Srinivasan and Vijay Singh to resign last week, while concealing material information, the two prominent trustees have alleged, precipitating yet another round in what has been a series of infighting bouts at the highprofile public charitable trusts. Trusts CEO Siddharth Sharma asked the two vice-chairmen to step down from the Bai Hirabai JN Tata Navsari Charitable Inst ...Read More >
Mumbai: Tata Trusts said in an internal note that there is no legal bar on non-Zoroastrians serving as trustees at the Bai Hirabai JN Tata Navsari Charitable Institution, citing a 2000 opinion by former chief justice of India MH Kania. This follows trustee Mehli Mistry questioning the eligibility of Venu Srinivasan and Vijay Singh to be Bai Hirabai trustees because of their faith. In an internal note addressed to Tata Trusts chairman Noel Tata and trustees, Tata Trusts CEO Siddharth Sharma refe ...Read More >
New Delhi [India], April 4 (ANI): The Chairman emeritus of TVS Motor, and the Vice Chairman and trustee to seven trusts of the Tata Group, Venu Srinivasan, on Saturday tendered his resignation from Bai Hirabai Charitable Trust (Tata Trust), citing preoccupation with other businesses. Also Read | Will Rising Oil Prices Make Bottled Water More Expensive? Here's What Global Supply Chains Signal. Srinivasan's resignation has come in the backdrop of former trustee Mehli Mistry challenging the eligi ...Read More >
New Delhi: The Income Tax department has notified all income tax return forms for the assessment year (AY) 2026-27. While ITR forms 1-4, filed by small and medium taxpayers, were notified on March 30, ITR forms 2, 3, 5, 6 and 7, as well as ITR-U (for filing updated returns), were notified on Tuesday. With the ITR (income tax return) notification, individuals, businesses and other entities can start filing I-T returns for the income earned in the financial year 2025-26. The last date for filin ...Read More >
NEW DELHI: At an old age home in Asola Mehrauli, dinner is usually a quiet, reassuring routine for inmates. Food is served on time, medicines are handed out, and conversations drift till it is bedtime.On Monday, though, the rhythm was suddenly disrupted. Around 42 people, over 85 years old, were served only bread and fruit after the kitchen ran out of cooking gas. The disruption, highlighted in a post on X by the home's owner, Pravesh Jain, points to an alleged shortage of LPG cylinders that has ...Read More >
NEW DELHI: The Patiala House Court on Thursday heard arguments on an application moved by Mandhira Kapur Smith seeking the production of certain documents from Priya Sachdev Kapur in an ongoing defamation complaint. Mandhira Kapur, sister of the late industrialist Sunjay Kapur, appeared before the court and filed her reply to the defamation complaint lodged by Priya Kapur, Sunjay Kapur's widow. Along with her reply, Mandhira also moved an application seeking directions for the production of cert ...Read More >
New Delhi [India], March 2 (ANI): The central government has retained an 8.25 per cent annual rate of interest to be credited on Employees' Provident Fund (EPF) accumulations in members' accounts for the financial year 2025-26, according to the Ministry of Labour and Employment of India. The interest rate would be officially notified by the Government of India, following which the Employees' Provident Fund Organisation (EPFO) would credit the rate of interest into the subscribers' accounts. Th ...Read More >
NEW DELHI: The Central Board of Trustees (CBT) has recommended an 8.25% rate of interest on Employees' Provident Fund (EPF) deposits for the financial year 2025-26, offering continued relief and stable returns to over six crore subscribers amid global economic uncertainties. The decision was taken at the 239th meeting of the CBT chaired by Union Labour and Employment Minister Mansukh Mandaviya in New Delhi on Monday. The interest rate will be officially notified by the Government of India, foll ...Read More >
MUMBAI : Proprietary traders, whose cost of capital is set to rise sharply under the banking regulator's new funding directives on capital market exposure, posted a significant increase in market share in the popular index options space. Their gross market share based on premium turnover jumped by 230 basis points (bps) year-on-year to 49.5% in the nine months through 2025-26, according to data sourced from the country's largest stock exchange, National Stock Exchange of India Ltd (NSE). A basi ...Read More >
Ahmedabad, Dec 17 (SocialNews.XYZ) The Gujarat High Court has ruled that Waqf institutions will now be treated on par with other religious trusts in legal proceedings, directing Waqf Boards to pay prescribed court fees in property-related disputes, just as Hindu and other religious trusts are required to do. The court observed that no plaintiff is above due process of law and that uniform legal standards must apply to all religious institutions. In its order, the High Court clarified that the f ...Read More >
ALSO READ: India Retail Boom: Why are global investors abandoning US malls and betting big on India? Similarly, Road InvITs also benefited from strong growth by upping their distributions by 23.57 per cent compared to the previous quarter and more than doubling them yearly, thanks to the strong volume of toll traffic and seasonal uplift. Power and energy InvITs kept steady, reflecting the cash flow predictability of these assets. Although private InvITs also announced consistent growth, their ...Read More >
Chandigarh, Oct 1 (PTI) A delegation of the Punjab Congress on Wednesday met Governor Gulab Chand Kataria here and urged him to withhold assent to the Punjab Town Improvement (Amendment) Bill, 2025, claiming that it "undermines the very spirit of the Improvement Trusts and raises serious constitutional concerns". The Punjab Assembly on September 29 had passed the Punjab Town Improvement (Amendment) Bill, 2025. At that time, Local Government Minister Dr Ravjot Singh said the motive of this Bill ...Read More >
Mumbai : As the world celebrates pharmacists today, Zeno Health reveals the quiet truth about who India really trusts when it comes to their health. Based on a survey of over 500 pharmacists across Mumbai, Pune, and Nashik, the report shows that, beyond doctors, pharmacists stand at the intersection of trust, clarity, and affordability. This year's global theme by the International Pharmaceutical Federation (FIP) "Think Health, Think Pharmacist", couldn't be more timely. In a country where chro ...Read More >
Srinagar, Sep 16 (PTI) The Mutahida Majlis-e-Ulema (MMU), an amalgam of Muslim religious organisations in Jammu and Kashmir, on Tuesday said the Supreme Court's interim order on Waqf Amendment Act has not addressed the broader constitutional and religious concerns raised by this legislation. The Supreme Court on Monday put on hold some key provisions of the Waqf (Amendment) Act, 2025, including a clause that only those practising Islam for the last five years could create a waqf, but refused to ...Read More >
Hyderabad: AIMIM president and Hyderabad MP Asaduddin Owaisi on Monday welcomed the Supreme Court's interim stay on select provisions of the new Waqf (Amendment) Act, 2025, but warned that it falls short of protecting waqf properties.He alleged that the BJP govt is intent on undermining the waqf system, believing it to be an "alien concept," and would attempt to ensure that waqf assets generate no income. "Yes, we respect the apex court's interim order. But it covers only some provisions. Many o ...Read More >
New Delhi (ABC Live): On 14 September 2025, the Supreme Court delivered a landmark judgment on the Waqf (Amendment) Act, 2025, upholding controversial provisions that fundamentally alter how Waqf properties are defined, managed, and regulated. The Court rejected petitions claiming the amendments were unconstitutional, instead framing them as necessary governance reforms. This ruling reshapes the Waqf Act, 1995, weakens the century-old doctrine of "Waqf by User," and expands State oversight of r ...Read More >
Lucknow, Sep 15 (PTI) The All India Muslim Personal Law Board (AIMPLB) on Monday welcomed the Supreme Court judgement putting on hold several key provisions of the Waqf (Amendment) Act, 2025. The All India Shia Personal Law Board (AISPLB) also said it has full faith in the courts, and is hopeful of getting justice. Reacting to the Supreme Court judgement, Khalid Rashid Farangi Mahali, an executive member of AIMPLB, told PTI, "Muslims and the AIMPLB wanted a stay on the entire Waqf (Amendment) ...Read More >
Kochi, Sep 15 (PTI) The Munnambam Land Protection Council on Monday expressed relief that the Supreme Court's partial stay on the Waqf Amendment Act will not affect their case. Council members told reporters that since the apex court has not stayed Section 2(a) of the Act, their land dispute remains outside the purview of Waqf provisions. Section 2(a) clarifies that the Waqf amended Act does not apply to trusts established by a Muslim for purposes similar to a Waqf. The protesters maintain th ...Read More >
Guwahati: The Supreme Court will issue interim orders on Monday, September 15, addressing three contentious provisions of the Waqf (Amendment) Act, 2025, including the government's power to denotify properties previously recognized as waqf through court rulings, historical usage, or legal deeds. A bench headed by Chief Justice BR Gavai had earlier reserved its order on May 22 after hearing extensive arguments from both sides over three consecutive days. Ready for a challenge? Click here to tak ...Read More >
Mumbai, Sep 12 (PTI) Sebi on Friday decided to broaden the definition of 'strategic investor' under the REIT and InvIT norms by including QIBs and certain categories of FPIs to attract more institutional capital. The Sebi board also cleared a proposal for reclassifying REITs (Real Estate Investment Trusts) as "equity" and retaining the "hybrid" classification for InvITs (Infrastructure Investment Trusts) for the purpose of investments by mutual funds and Specialised Investment Funds. These pro ...Read More >
Surat (Gujarat) [India], August 21: KP Group, a leading name in India's renewable energy sector, is stepping up its expansion with a clear goal of reaching 10 GW capacity by 2030. With projects already underway in Gujarat, the Group is working on projects in Rajasthan, Madhya Pradesh, Odisha, Andhra Pradesh and Maharashtra, supported by a strong order book and government partnerships. KP Group has signed memoranda of understanding with Gujarat, Odisha, Rajasthan and Madhya Pradesh for over 2.6 ...Read More >
New Delhi, Aug 26 (PTI) India's Real Estate Investment Trust (REIT) market is gaining momentum with nearly 140 million sq ft of office and retail real estate already in the portfolio of five trusts listed on stock exchanges, according to Colliers India. Real estate consultant Colliers India noted that the REIT market in India is "steadily progressing from a 'nascent' to 'early growth' stage. Stating that around 500 million sq ft of office assets are REIT-worthy, the consultant said the four li ...Read More >
New Delhi [India], August 20 (ANI): Filmmaker Vivek Agnihotri took a dig at the Mamata government over the ruckus at the trailer launch of his upcoming movie The Bengal Files in Kolkata, alleging that it was already planned, and that no event of this scale, with 150-200 people and media present, could be halted without official involvement. The incident, which took place at the ITC Royal Bengal in Kolkata on August 16, saw the screening of the film trailer abruptly stopped. While speaking to A ...Read More >
Jammu- Jammu and Kashmir Chief Minister Omar Abdullah on Thursday reviewed the ongoing restoration work of the historic Mubarak Mandi complex, which was the power centre of the Dogra kings in Jammu, and stressed on enhancing its heritage appeal. The Mubarak Mandi Complex is one of Jammu's most significant architectural heritage sites and is envisioned as a comprehensive cultural centre, housing museums, conference venues and heritage hospitality services. Accompanied by Advisor Nasir Aslam Wan ...Read More >
CHENNAI: A charitable trust has moved the Madras HC against actor Vijay and his party TVK alleging trademark and copyright violation for using the flag which is "identical and deceptively similar" to its registered flag and logo. Justice Senthilkumar Ramamoorthy, before whom the civil suit by Thondai Mondala Sandror Dharma Paribalana Sabai came up for hearing, issued notice to Vijay and TVK directing to file a counter-affidavit in two weeks. When the judge questioned whether the Trade Marks Ac ...Read More >
* Tax, Legal & Accounting * 1 min read I-T dept conducts raids in bogus tax deductions case The Income-Tax Department initiated multi-city raids targeting entities facilitating bogus deductions in tax returns. The investigation focuses on false claims related to political donations, medical insurance, tuition fees, and certain loans. This action follows the discovery that some taxpayers didn't correct their ITRs despite the department's outreach under the NUDGE campaign. New Delhi, The Income ...Read More >
New Delhi [India], July 14 (ANI): The Income Tax Department is conducting raids on more than 200 locations, in connection with false deductions under various heads, including political donations, tuition fees, and medical expenses, sources told ANI. This stern action from the Income Tax Department came after they found several bogus bills claimed by several intermediaries under section 80GGC. This section of the Income Tax Act offers taxpayers a deduction for donations made to political parties ...Read More >
New Delhi: The Centre has revised SMILE, its flagship rehabilitation programme for beggars, with an annual budget of Rs 37 crore, to ensure they move toward self-reliance and a life of dignity. Officials emphasised that the revised SMILE scheme marks a shift from punitive responses to a rights-based, rehabilitative approach that offers structured support to help vulnerable individuals. The updated SMILE (Support for Marginalised Individuals for Livelihood and Enterprise) scheme adopts a four-p ...Read More >
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