City Sanjiv Financial News

DPIIT) said Friday. “The report we are getting is that startups are returning to India. Angel tax (removal) is one issue that has helped bring some startups,” Bhatia said. Budget FY25 had abolished the angel tax or Section 56(2) VII B of the Income Tax Act that was introduced in 2012 as an anti-abuse measure aimed at tax avoidance and curbing money laundering through inflated valuations. Under this provision, if a closely held company issues shares at a price exceeding fair market value (FMV), computed in accordance with prescribed methodology, the difference is to be taxed as income from other sources.

Oban Fashions Pvt Ltd, a wholly-owned subsidiary of listed Knitwear brands Rupa & Co Ltd under the Corporate Insolvency Resolution Process (CIRP) in an application filed by its operational creditor Sunrise Knitting Mills Pvt Ltd.

government capital expenditure, personal income tax relief, and targeted measures to spur manufacturing and integrate local industries into global value chains can provide the much-needed impetus for growth, Confederation of Indian Industry (CII) president Sanjiv Puri said on Wednesday.

National Highways Authority of India (NHAI) for late filing of an appeal, the Supreme Court on Friday asked the government to do some “introspection” and punish the erring officials.

Sanjiv Khanna on Thursday wished the lawyers and litigants a happy new year as the Supreme Court reopened after its winter vacation, which lasted from December 21, 2024, to January 1, 2025. «I wish you all a happy new year. May you have a happy new year, your families...,» the CJI said at the outset of the day's proceedings.

Supreme Court busy in 2024.The year also marked a shift in leadership for India's highest court.

electronic voting machines will be heard by a bench headed by Justice Dipankar Datta in January next year. A bench comprising Chief Justice of India (CJI) Sanjiv Khanna and Justice Sanjay Kumar said the fresh plea of former Haryana minister and five-time MLA Karan Singh Dalal and one Lakhan Kumar Singla on the issue will be heard by a bench headed by Justice Datta in the week commencing January 20, 2025. A bench comprising Justice Khanna and Justice Datta had delivered a verdict earlier in April rejecting the demand for bringing back the old paper ballots. At outset, senior advocate Maninder Singh, appearing for the Election Commission, sought dismissal of the plea, saying that similar petitions for same reliefs were rejected earlier.

buy call on Lemon Tree Hotels with a target price of Rs 190. The current market price of Lemon Tree Hotels Ltd. is Rs 154.25. Lemon Tree Hotels, incorporated in 1992, is a Mid Cap company with a market cap of Rs 12207.73 crore, operating in Tourism & Hospitality sector. Lemon Tree Hotels Ltd. key Products/Revenue Segments include Income from Rooms, Restaurants & Other Services and Other Operating Revenue for the year ending 31-Mar-2024.

Brijinder Singh was re-elected as the president of the Indian Golf Union (IGU) for a second consecutive term during the Annual General Meeting (AGM) here on Sunday. The elections for IGU office-bearers and the Governing Council for the 2024-2026 term were held unopposed as the number of candidates matched the available positions. Singh was the lone candidate for the president's post, while S K Sharma and Sanjiv Rattan were elected unopposed as secretary and treasurer, respectively. The nine members elected to the Governing Council are Farzan R Heerjee (Jharkhand), Harpuneet Singh Sandhu (Chandigarh), Harish Kumar (Uttarakhand), Nagesh Singh (Assam), Dr Param Navdeep Singh (Rajasthan), Sameer Sinha (Gujarat), Shashank Sandu (Maharashtra), Simarjeet Singh (Uttar Pradesh), and Viren Singh Ghumman (Punjab).

A bench comprising Chief Justice Sanjiv Khanna and Justice Sanjay Kumar last heard the plea filed by one Vijay Kishor Goswami on the issue on October 25 and made certain observations. «Last time whatever happened in the court was completely misrepresented in the media...completely misrepresented,» the CJI said.

Supreme Court is set to hear a series of Public Interest Litigations (PILs) today, challenging the validity of specific sections of the Places of Worship (Special Provisions) Act, 1991. This law prohibits filing lawsuits to reclaim or alter the character of places of worship as they stood on August 15, 1947. The matter will be taken up by a three-judge bench comprising Chief Justice Sanjiv Khanna and Justices Sanjay Kumar and K V Viswanathan.

gender-based violence and developing safety protocols for doctors and medical staff at hospitals with the court-appointed national task force. A bench comprising Chief Justice Sanjiv Khanna and Justice Sanjay Kumar said the NTF will file its report within 12 weeks from Tuesday for its consideration. The top court constituted the NTF on August 20 to formulate a protocol for ensuring safety and security of medical professionals in the wake of the rape and murder of a doctor at RG Kar Medical College and Hospital in Kolkata. While hearing the suo motu case on Tuesday, the CJI said the case would be next heard in the week commencing March 17, 2025, but suggested the parties could seek an earlier hearing if the rape and murder trial of the case was delayed.

Centre on Thursday told the Supreme Court that it has decided not to accept recommendations for enhancing pension by 10 per cent to retired regular captains of the Army in accordance with the One Rank One Pension scheme (OROP). A bench comprising Chief Justice Sanjiv Khanna and justices Sanjay Kumar and Manmohan was apprised about the non-acceptance of recommendations on pension hike by Additional Solicitor General (ASG) Aishwarya Bhati, who appeared for the Centre. The top court was hearing an appeal of the Centre challenging an order of December 7, 2021 of the Armed Forces Tribunal (AFT) at Kochi. According to the AFT order, the central government was to take a decision on the pension payable to the retired regular captains.

Shahi Jama Masjid in Sambhal, Uttar Pradesh, ahead of the Friday prayers, following recent tensions in the area. The deployment of the Rapid Action Force (RAF) and drones has been put in place to maintain law and order in the district. These precautionary measures come after a violent stone-pelting incident during the Archaeological Survey of India’s (ASI) examination of the Mughal-era mosque on November 24. The clashes led to the loss of five lives and several others being injured, including both local residents and ASI officials involved in the survey. In response to the violence, Uttar Pradesh Governor Anandiben Patel has set up a three-member Judicial Inquiry Commission, headed by retired Justice Devendra Kumar Arora of the Allahabad High Court. The commission's purpose is to conduct a thorough and unbiased investigation to ensure transparency and accountability.

Vaibhav Suryavanshi has become the youngest cricketer to be drafted into the Indian Premier League (IPL). Rajasthan Royals secured him for Rs 1.10 crore during the second day of the IPL mega auction. Suryavanshi, who hails from Motipur village near Samastipur town in Bihar, is currently in Dubai for the U-19 Asia Cup. His father, Sanjiv Suryavanshi, sold his farmland to support his son's cricketing dreams. “Woh ab sirf humra bituwa nahi pura Bihar ka bituwa hai (He is not just my son now but entire Bihar's son),” Sanjiv told PTI. He described the financial struggles: “Not just investment, it's big investment. Aapko kya bataye humne toh apna zameen tak bech diya. Abhi bhi halat pura sudhra nahi (I have sold my land. Financial issues are still there).” Sanjiv detailed his son's early talent and training: “My son has worked hard. At the age of 8 years, he excelled at U-16 district trials. I would take him for his cricket coaching to Samastipur and then take him back.” He also addressed concerns about Vaibhav's age: “When he was 8 and half years old he first appeared for BCCI bone test. He has already played India U-19. We don't fear anyone. He can again undergo age test.”

Eminent Electricity Distribution Ltd, a subsidiary of CESC Ltd, has received the Letter of Intent (LOI) for acquiring 100 per cent equity in a company responsible for electricity distribution and retail supply in Chandigarh. CESC, part of the RP-Sanjiv Goenka Group, had emerged as the highest bidder for the Rs 871-crore deal, securing the tender for the Chandigarh distribution business in 2021. However, the privatisation bid was challenged by trade unions.

Delhi Ridge area. Earlier, a bench headed by the then CJI D Y Chandrachud, since retired, had sought a personal affidavit of Delhi Lieutenant Governor V K Saxena in the case which had also sought initiation of contempt proceedings against certain DDA officials. At the outset, the CJI, who was sitting on the bench with Justice Sanjay Kumar, said, «One thing I would like to point out that when I was the NALSA chairman, I had gone to Patna and with Delhi LG had toured jails there. So, it will not be appropriate for me to hear the plea...». The bench ordered the listing of the pleas before a bench of which the CJI is not part in the week commencing November 27.

Sanjiv Khanna heard 45 cases on his first day as the 51st Chief Justice of India (CJI), and thanked lawyers and bar leaders for wishing him well. CJI Khanna entered the hallowed CJI's courtroom around noon after being sworn by President Droupadi Murmu in a brief ceremony at the Rashtrapati Bhavan. He received a rousing welcome by the bar leaders, lawyers including former attorney general and senior advocate Mukul Rohatgi. «I wish you a fruitful tenure as the CJI,» wished Rohatgi.

Justice Sanjiv Khanna after he was sworn-in as the 51st Chief Justice of India, and noted that the position would place a lot of weight on his shoulders due to the extensive scrutiny and expectations that the office brings with it. Kharge exuded confidence that Khanna would be able to bear the weight of this responsibility and serve the Judiciary with distinction. In a post on X, the Congress chief said, «Extending best wishes to Justice Sanjiv Khanna for taking oath as the 51st Chief Justice of India. The position of the Chief Justice of India would undoubtedly place a lot of weight on his shoulders due to the extensive scrutiny and expectations that the office brings with it.» «I am sure with his long and distinguished experience, he will be able to bear the weight of this responsibility and serve the Judiciary with distinction,» Kharge said.

simplification of taxes, as well as sustaining the capital investment momentum in the Budget for 2025-26. In a meeting with Revenue Secretary Sanjay Malhotra, CII urged the government to increase the capex by 25 per cent over 2024-25 (BE) with a sharp focus on infrastructure related to rural areas, agriculture, and the social sector.

Nicholas Pooran will join the Lucknow Super Giants (LSG) for the upcoming 2025 Indian Premier League (IPL) season, ahead of the mega auction of the coveted annual cricket league. The 29-year-old cricketer recently met with LSG owner Sanjiv Goenka at the RPSG House in Kolkata to finalise the terms of his contract. Pooran will be the franchise's key retention, commanding a salary of Rs 18 crore, which marks him as the first official signing for the new season. His previous auction value was Rs 16 crore, when LSG acquired him in 2023 after his release from the Sunrisers Hyderabad, according to the Times of India.